Essential polyunsaturated fatty acids (PUFAs) such as EPA and DHA play an important role in human health and brain development. The fatty acids reduce risk of cardiovascular disease and help promote brain and eye health. Growing awareness about the numerous health benefits of EPA and DHA have led to rising demand for supplements containing these fatty acids. Products containing EPA and DHA are widely used in infant formula, pharmaceuticals, functional food and beverages, animal feed and aquaculture. The global EPA and DHA market offers immense growth opportunities due to the growing inclination towards nutrition-rich diets and proactive health management.
The Global EPA and DHA Market is estimated to be valued at US$ 2135.1 Mn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 to 2031. Key takeaways:
Key players operating in the EPA and DHA market are KHS GmbH, Tetra Pak International SA (Tetra Laval Group), Syntegon Technology GmbH, JBT Corporation, GEA Group Aktiengesellschaft, Sidel Group (Tetra Laval Group), Krones AG, Ronchi Mario SPA, Coesia Group, and Barry-Wehmiller Companies Inc. These companies offer innovative processing solutions for EPA and DHA products through advanced packaging machinery.
The EPA And DHA Market Growth provides several opportunities for product manufacturers and new entrants. Increasing demand from developing nations, growing application in infant formula and aquaculture industries, and rising need for supplements due to changing lifestyles present lucrative prospects. Innovation in delivery forms such as gummies, chews, and liquigels also boost market growth.
With rising global population and growing health concerns, manufacturers are expanding their reach worldwide. North America and Europe currently hold the largest market share. However, Asia Pacific is expected to witness highest growth due to rising living standards, increasing disposable incomes and growing health awareness in China, India and other developing countries.
Market drivers:
Rising health consciousness is a key driver propelling the EPA and DHA market growth. Growing consumer understanding about the cardiovascular and cognitive benefits of omega-3 fatty acids is increasing the demand for related supplements and fortified food products. According to studies, DHA is essential for infant brain and eye development. This drives the use of EPA and DHA in infant formula and baby food. Increasing aquaculture also stimulates the consumption of EPA and DHA as fish feeds.
PEST Analysis
Political: The government regulations regarding nutrition and dietary supplements affect the EPA and DHA market. Recent changes in FDA regulations related to omega-3 fatty acid health claims can impact growth.
Economic: Fluctuations in the prices of fish oil which is the major source of EPA & DHA affects the production costs and market prices. Rise in disposable incomes boosts demand for dietary supplements.
Social: Increased health awareness among consumers about the role of EPA and DHA in heart and brain health promotes the demand. Rapid urbanization and busier lifestyles drive the need for convenient supplements.
Technological: Advances in extraction and refining technologies help manufacturers produce high purity EPA and DHA concentrates from fish oil more efficiently. New application areas in infant formula and functional foods emerge through innovative product development.
The geographical regions where the EPA and DHA market is highly concentrated in terms of value are North America and Europe. The demand is driven by high health awareness, disposable incomes and aging populations in these developed markets. Latin America and Asia Pacific are emerging as the fastest growing regional markets due to increasing consumption of nutraceuticals and supplements with economic growth. Rising health problems related to changing diets and lifestyles in developing countries also support the sales of EPA and DHA.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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