Press Release
Press Release
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.
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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.
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