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Global EPA and DHA Market to Grow at a CAGR of 8% During 2022-2027, Driven by the Rising Development of Plant-Based Omega-3

According to a new report by EMR titled, ‘Global EPA and DHA Market Report and Forecast 2022-2027’, the market is expected to grow at a CAGR of 8% in the forecast period of 2022-2027.

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:

  • On the basis of type, the market is categorised into eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA).
  • Based on form, the market can be divided into triglycerides and ethyl esters.
  • The market, based on source, can be segmented into fish oil, algae oil, and krill oil, among others.
  •  On the basis of application, the market can be classified into infant formulae, dietary supplements, fortified food and beverages, and pharmaceuticals, among others.
  • The major regional markets for the product include North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa.

Key Findings of the Report:

  • The market is being driven by the increasing consumer preference for dietary and healthy supplements owing to its benefits on health.
  • The demand for EPA and DHA can be associated with the rising awareness regarding the benefits of Omega-3 on cardiac health.
  • DHA is actively used as a primary ingredient in infant food products for its benefits on increasing metabolism, improving memory, and enhancing immunity, thereby stimulating market growth.
  • Inflating disposable incomes, improving standards of living, and the growing demand for clean-label products is driving the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global EPA and DHA industry for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) markets for types, forms, sources, applications, and major regions.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

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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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.

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