by The EPA and DHA market involves products containing eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) that are derived from marine sources like fish oil and algae oil and are used in food and beverage industry to fortify various products. EPA and DHA have various health benefits like improving heart health, brain health and reducing inflammation. They are added in products such as infant formula, dairy products, nutritional supplements and others. 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 2030.
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. Growing health awareness among consumers regarding importance of omega-3 fatty acids is driving the demand for EPA and DHA supplements and fortified food products. Key players are expanding their production facilities globally to cater to growing demand from emerging economies in Asia Pacific and Latin America.
Market key trends
One key trend in the Global EPA And DHA Market Size is shifting preference towards vegetarian sources of EPA and DHA like algae oil. Earlier, fish oil was the major raw material supplier but due to sustainability issues and requirement of vegetarian products, manufacturers are increasingly using algae oil derived from microalgae. It has equivalent EPA and DHA levels as fish oil and is a more reliable source. This trend is expected to gain further traction during the forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as a large initial investment is required for machinery and specialized equipment to ensure quality standards are met. However, barriers to entry are low in terms of technology.
Bargaining power of buyers: The bargaining power of buyers is high. Buyers have numerous supplier options to choose from and price is an important decision factor. Buyers can exert pressure to realize better prices and demand high quality at lower costs.
Bargaining power of suppliers: The bargaining power of suppliers is moderate. While suppliers of raw materials have some control over pricing, the presence of alternative supplier options gives buyers bargaining power to negotiate better deals.
Threat of new substitutes: The threat of new substitutes is low as EPA and DHA have distinct health benefits that are not easily substitutable. However, alternative omega-3 ingredients from plant and animal sources pose a minor threat.
Competitive rivalry: The competitive rivalry is high given numerous established players. Companies compete based on factors like price, product differentiation, quality, and innovation.
Geographical Regions
North America accounts for the largest value share currently due to rising awareness of EPA and DHA benefits and growing demand from food & beverage and pharmaceutical industries. The United States represents a major market owing to health-conscious population and growing adoption in infant formula.
The Asia Pacific region is expected to register the fastest growth during the forecast period. Developing economies like China and India are emerging markets for EPA and DHA due to rising living standards, growing health & wellness trend and expanding middle-class demographic favorable for market growth.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
