by EPA and DHA are found in fatty fish like salmon, trout, and mackerel. They help reduce the risk of heart disease by reducing triglycerides, as well as improving immune and brain health. Increased awareness about the importance of EPA and DHA in the diet and the benefits of omega-3 fortified foods is driving demand.
The global EPA and DHA Market is estimated to be valued at US$ 1853.38 Mn in 2023 and is expected to exhibit a CAGR of 23% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends
Growing demand for omega-3 fortified food and beverages is the major trend driving the growth of the EPA and DHA market. Manufacturers are increasingly offering foods with added EPA and DHA such as yogurt, eggs, milk, bread, infant formula, juices and bottled water to cater to the rising demand. Products with EPA and DHA Claims are gaining popularity as consumers are more inclined towards consuming functional foods that provide added health benefits. Furthermore, increasing health consciousness has prompted food and beverage manufacturers to innovate and fortify their products with EPA and DHA to gain market presence.
SWOT Analysis
Strength: The EPA and DHA market shows immense health benefits of consuming EPA and DHA such as improving brain and eye health, reducing inflammation and risk of heart diseases.
Weakness: High operational and production cost associated with EPA and DHA sourcing makes it relatively expensive.
Opportunity: Rising health-conscious population and growing demand for dietary supplements present an opportunity for market expansion.
Threats: Changes in regulations associated with using omega-3 fatty acids in food and pharmaceutical products and fluctuating fish stock pose challenges.
Key Takeaways
The global EPA And DHA Market Size is expected to witness high growth over the forecast period. The global EPA and DHA Market is estimated to be valued at US$ 1853.38 Mn in 2023 and is expected to exhibit a CAGR of 23% over the forecast period 2023 to 2030.
North America currently dominates the market due to rising health consciousness and greater consumption of dietary supplements in the region. However, Asia Pacific is expected to be the fastest growing market due to increasing living standards and health expenditure.
Key players operating in the EPA and DHA market are Broadcom Inc., Sicoya GMBH, GlobalFoundries Inc., Intel Corporation, Juniper Networks Inc., Cisco Systems Inc., IBM Corporation. These companies are focusing on capacity expansion and new product launches to cater to the growing demand for EPA and DHA rich dietary supplements and infant formulas.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
