As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The growing market for EPA and DHA can be associated with their proven benefits on cardiovascular health. The major source of Omega-3 has traditionally been marine sources from oily fish like salmon and tuna. However, in the wake of trends surrounding veganism, plant-based Omega-3 proteins have been invigorating the growth of the market. Plant-based sources, such as flax seed oil, rich in alpha -linolenic acid (ALA), which converts to omega-3 EPA and DHA in the body, have augmented the market growth in the recent years. Apart from this, low concentrated Omega-3 ingredients are increasingly used in cosmetic and hair care products, such as sunscreen, shampoos, hair oils, and makeup, owing to their ability to reduce sun damage caused by UV rays. With the inflating disposable incomes and the rising purchasing power of people, the demand for skin and haircare is invigorating the growth of the market.
BASF SE (ETR: BAS), a significant player in the global market for EPA and DHA, announced the launch of Hepacor in Switzerland for the treatment of Non-Alcoholic Fatty Liver Disease (NAFLD) in November 2019. Hepacor contains highly concentrated and purified eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). Since Omega-3 fatty acids aid in reducing unwanted lipids like cholesterol, it is being actively used in the production of medicines, thereby augmenting the growth of the market.
Market Analysis by Type, Form, Source, Application, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global EPA and DHA market are Koninklijke DSM NV, Corbion N.V., BASF SE, The Archer Daniels Midland Company, and Croda International Plc, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.