Market Size of EPA and DHA Industry
| 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.
