EPA & DHA Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.86 Billion |
| Market Size (2029) | USD 2.57 Billion |
| CAGR (2024 - 2029) | 6.76 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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EPA & DHA Market Analysis
The EPA and DHA Market size is estimated at USD 1.86 billion in 2024, and is expected to reach USD 2.57 billion by 2029, growing at a CAGR of 6.76% during the forecast period (2024-2029).
Globally, EPA and DHA have been gaining importance and are becoming a part of consumers' daily diets. The key reasons for this change are primarily the increased prevalence of lifestyle diseases and people taking preventive healthcare measures. Moreover, the emerging applications of EPA and DHA in food, dietary supplements, and clinical nutrition have further stimulated the market's growth. New sources of EPA and DHA have been gaining prominence recently. Microalgae, a source rich in omega-3 and beta-carotene, has gained immense popularity among manufacturers as a sustainable source of food and fuel.
Algae omega ingredients are key in driving the overall market due to the growing demand for algae omega in infant food fortification. They provide benefits similar to fish oil but have no off-putting odor or taste. Also, omega ingredients obtained from algae are considered more bioavailable and sustainable for production. Moreover, there has been a shift in consumer demand for dietary supplement sources in countries and regions like the United States, China, and Europe.
The consumers of supplements have been shifting away from refined anchovy oils and inclining toward omega ingredients of higher concentration. There are plenty of reasons why consumers reach for omega-3 concentrates, including the ease of delivery that the concentrates offer. Smaller capsules and soft gel sizes can deliver a dose of high concentrated omega-3, which consumers highly appreciate. This has been accelerating sales for the global omega ingredients market.
EPA & DHA Market Trends
This section covers the major market trends shaping the EPA & DHA Market according to our research experts:
Increasing Application of Docosahexaenoic Acid (DHA)
The DHA segment is driven by its growing demand and incorporation in infant formulae and nutritional products targeting children's health. It is an essential building block for the growth and maturation of an infant's brain and retina. It is mostly obtained from fish and algae oils. Additionally, it is extensively used in fortified foods and dietary supplements. It is mainly used for treating Type 2 diabetes, coronary artery disease (CAD), dementia, and attention deficit hyperactivity disorder (ADHD). The healthy aging-related benefits of DHA have also led to its successful utilization in geriatric nutrition products.
Furthermore, an increasing number of product launches worldwide favors the industry's growth. Additionally, the sector is growing due to increasing product launches worldwide. Global firms, such as Polaris, seek to improve their product offerings in the fish-free omega 3. As a result, it introduced Omegavie DHA 800 microalgae oil in June 2021, guaranteeing at least 800 mg/g of DHA. The ingredient is non-GMO, allergen-free, and guaranteed to be toxin-free, making it safe for vegetarians and vegans. As a result, all the current consumer demand is being targeted.
Asia-Pacific Holds a Significant Share in the EPA and DHA Market
Asia-Pacific has been leading the market studied, owing to the high consolidated production and consumption in countries like China and Japan. Consumers in this region tend to source omega-3 majorly from fish-rich diets rather than algae-based products. Thus, food manufacturers do not find it worth increasing the production cost by incorporating expensive algal omega-3 ingredients to replace fish-extracted ingredients. Moreover, to cater to the demand for DHA and EPA ingredients in India, in September 2021, the Indian Food Safety Authority gave Evonik clearance to import and distribute AvailOm in India to accelerate the roll-out of its omega-3 solution.
There has also been a growing demand among children to fulfill their key nutritional requirements due to the increasing awareness about the crucial role of EPA and DHA on brain development and other vital functions. To cater to the demand, major market players are introducing new product innovations to maintain the necessary nutritional intake of the young ones. For instance, in October 2021, Danone India, with its mission 'to bring health through food,' launched fortified beverages AptaGrow for children. AptaGrow includes prebiotics and DHA for the physical and cognitive development of children.
EPA & DHA Industry Overview
The EPA and DHA market is moderately concentrated by a few players, such as BASF SE, Croda International PLC, and Koninklijke DSM NV. Many small companies started commercial production of EPA and DHA and were acquired by larger players as a competitive strategy. They are also focussing on investment in R&D to compete in the growing market. Moreover, various global companies have become active in the EPA and DHA market during the last few years with tactical acquisitions, mergers, and partnerships.
EPA & DHA Market Leaders
Archer Daniels Midland Company
Corbion N.V.
BASF SE
Koninklijke DSM NV
Croda International Plc
*Disclaimer: Major Players sorted in no particular order
EPA & DHA Market News
- In October 2021, Omega-3 concentrates supplier GC Rieber VivoMega announced its plans to expand production facilities and storage tanks to accommodate more ingredients in the upcoming years.
- In September 2021, KD Pharma Group introduced Alga3, which is a sustainable, vegan omega-3 solution. KD Nutra's superior technology and production flexibility allow for a wide range of omega-3 concentrates. This means the company can customize the EPA and DHA ratio on customer needs, and for any kd-pür fish oil, there is a matching Alga3 plant-based solution.
- In June 2021, Polaris launched high concentration microalgae DHA ingredient, Omegavie DHA 800 Sensory Qualitysilver 5 algae, an algae oil sourced from microalgae (Schizochytrium sp.) that is rich in vitamins, proteins, pigments, and enzymes. The ingredient offered a plant-based and sustainable origin for polyunsaturated fatty acids (PUFAs).
EPA & DHA Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Eicosapentaenoic Acid (EPA)
5.1.2 Docosahexaenoic Acid (DHA)
5.2 Source
5.2.1 Fish Oil
5.2.2 Algae Oil
5.2.3 Krill Oil
5.2.4 Other Sources
5.3 Application
5.3.1 Infant Formulae
5.3.2 Dietary Supplements
5.3.3 Fortified Food and Beverages
5.3.4 Pharmaceuticals
5.3.5 Other Applications
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Mexico
5.4.1.3 Canada
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 Spain
5.4.2.2 United Kingdom
5.4.2.3 Germany
5.4.2.4 France
5.4.2.5 Russia
5.4.2.6 Italy
5.4.2.7 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East and Africa
5.4.5.1 United Arab Emirates
5.4.5.2 South Africa
5.4.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Strategies Adopted by Players
6.2 Most Active Companies
6.3 Company Profiles
6.3.1 Koninklijke DSM NV
6.3.2 KD Pharma Group
6.3.3 The Archer Daniels Midland Company
6.3.4 Corbion NV
6.3.5 Novasep Holding SAS
6.3.6 Neptune Wellness Solutions
6.3.7 BASF SE
6.3.8 Omega Protein Corporation
6.3.9 Croda International PLC
6.3.10 Novotech Nutraceuticals
6.3.11 Polaris SA
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER
EPA & DHA Industry Segmentation
As per the scope of the report, EPA (eicosapentaenoic acid) and DHA (docosahexaenoic acid) are long-chain omega-3 fatty acids sourced from various vegetable and animal sources. The global EPA and DHA market study is segmented by type, source, application, and geography. By type, the market studied is segmented into eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). Based on the source, the market studied is segmented into fish oil, algae oil, krill oil, and other sources. By application, the study covers infant formulae, dietary supplements, fortified food and beverages, pharmaceuticals, and other applications. Furthermore, the report takes into consideration the market in established and emerging economies of North America (United States, Mexico, Canada, and Rest of North America), Europe (Spain, United Kingdom, Germany, France, Russia, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America), the Middle East and Africa (United Arab Emirates, South Africa, and Rest of Middle East and Africa). For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
| Type | |
| Eicosapentaenoic Acid (EPA) | |
| Docosahexaenoic Acid (DHA) |
| Source | |
| Fish Oil | |
| Algae Oil | |
| Krill Oil | |
| Other Sources |
| Application | |
| Infant Formulae | |
| Dietary Supplements | |
| Fortified Food and Beverages | |
| Pharmaceuticals | |
| Other Applications |
| Geography | |||||||||
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EPA & DHA Market Research FAQs
How big is the EPA and DHA Market?
The EPA and DHA Market size is expected to reach USD 1.86 billion in 2024 and grow at a CAGR of 6.76% to reach USD 2.57 billion by 2029.
What is the current EPA and DHA Market size?
In 2024, the EPA and DHA Market size is expected to reach USD 1.86 billion.
Who are the key players in EPA and DHA Market?
Archer Daniels Midland Company, Corbion N.V., BASF SE, Koninklijke DSM NV and Croda International Plc are the major companies operating in the EPA and DHA Market.
Which is the fastest growing region in EPA and DHA Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in EPA and DHA Market?
In 2024, the Asia-Pacific accounts for the largest market share in EPA and DHA Market.
What years does this EPA and DHA Market cover, and what was the market size in 2023?
In 2023, the EPA and DHA Market size was estimated at USD 1.74 billion. The report covers the EPA and DHA Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the EPA and DHA Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
EPA and DHA Industry Report
Statistics for the 2024 EPA and DHA market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. EPA and DHA analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
