Global Eicosapentaenoic Acid Market, By Form (Triglycerides and Ethyl Esters), Application (Infant Formulae, Dietary Supplements, Fortified Food and Beverages, Pharmaceuticals, and Others), Source (Anchovy/Sardine Oil, High Concentrates, Medium Concentrates, Low Concentrates, Algae Oil, Tuna Oil, Cod Liver Oil, Salmon Oil, Krill Oil, and Menhaden Oil) – Industry Trends and Forecast to 2031.
Eicosapentaenoic Acid Market Analysis and Size
In the eicosapentaenoic acid market, the demand for innovative applications and extraction methods is growing. Novel formulations integrating EPA in functional foods drive market growth. Advanced extraction techniques such as supercritical fluid extraction enhance purity and efficiency, meeting consumer demands for high-quality EPA products with improved bioavailability.
Data Bridge Market Research analyses that the global eicosapentaenoic acid market, which was USD 1.98 billion in 2023, is expected to reach USD 4.74 billion by 2031, at a CAGR of 11.50% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Form (Triglycerides and Ethyl Esters), Application (Infant Formulae, Dietary Supplements, Fortified Food and Beverages, Pharmaceuticals, and Others), Source (Anchovy/Sardine Oil, High Concentrates, Medium Concentrates, Low Concentrates, Algae Oil, Tuna Oil, Cod Liver Oil, Salmon Oil, Krill Oil, and Menhaden Oil)
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Countries Covered
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U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa
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Market Players Covered
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DSM (Netherlands), BASF SE (Germany), Lonza (Switzerland), Glanbia Plc (Ireland), ADM (U.S.), Farbest Brands (U.S.), SternVitamin GmbH & Co. KG (Germany), Adisseo (France), BTSA Biotechnologias Aplicadas S.L. (Spain), Rabar Pty Ltd (Australia), Orkla (Norway), Epax (Norway), BioProcess Algae LLC (U.S.), and Croda International plc (U.K.)
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Market Opportunities
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Market Definition
Eicosapentaenoic Acid (EPA) is an omega-3 fatty acid found in fish oil. It plays a crucial role in human health, particularly in reducing inflammation and supporting heart health. EPA is vital for brain function and may alleviate symptoms of depression. Its consumption through diet or supplements offers numerous health benefits.
Global Eicosapentaenoic Acid Market Dynamics
Drivers
- Rising Incidence of Cardiovascular Diseases
As cardiovascular diseases surge worldwide, preventive healthcare gains prominence, fueling a surge in EPA supplement consumption. Recognizing EPA's role in cardiovascular health, individuals increasingly turn to these supplements to mitigate risks and promote heart wellness. This trend underscores a growing proactive approach towards health, driving demand for EPA as a preventive measure against heart-related ailments.
- Increasing Adoption of Plant-Based Sources
The surge in plant-based EPA sources, notably algae-derived supplements, resonates with vegans and vegetarians, expanding the consumer demographic. This trend fosters market growth as individuals seeking sustainable and animal-free options embrace EPA-rich products, driving innovation and investment in plant-based nutritional solutions catering to diverse dietary preferences.
Opportunities
- Expansion of Nutraceutical Industry
The nutraceutical industry, encompassing EPA-fortified dietary supplements and functional foods, experiences rapid growth due to escalating demand for sustainable health solutions. Consumers seek natural products such as EPA, driving innovation and expansion in this sector. This trend reflects a shift towards holistic well-being and highlights the importance of natural ingredients in modern health-conscious lifestyles.
- Advancements in Clinical Research and Scientific
Continuous clinical research and scientific advancements reveal the diverse health benefits of EPA, notably its anti-inflammatory and cognitive health properties. These findings drive market demand for EPA supplements as consumers seek natural solutions supported by robust scientific evidence, fostering growth in the health industry and dietary supplement market.
Restraints/Challenges
- Raw Material Price Fluctuation
Fluctuations in fish oil prices and currency exchange rates create price volatility, impacting EPA production costs and market pricing strategies. Uncertainty in raw material costs and currency values necessitates adaptive pricing strategies for EPA products, mitigating financial risks and ensuring competitiveness in the market.
- Regulatory Hurdles Impact Pharmaceutical and Food Industries
Stringent regulations and quality standards in pharmaceutical and food industries present hurdles for EPA manufacturers and suppliers. Compliance with these standards demands significant resources and expertise, potentially slowing down production processes and increasing costs.
This global eicosapentaenoic acid market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global eicosapentaenoic acid market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In September 2021, KD Pharma Group launched Alga3, a vegan omega-3 solution. Leveraging advanced technology, they customize EPA and DHA ratios, diversifying the eicosapentaenoic acid market with sustainable alternatives to traditional fish oils
- In June 2021, Polaris launched Omegavie DHA 800 Sensory Qualitysilver 5 algae oil, a sustainable PUFA source. Rich in vitamins and proteins, this microalgae-derived solution bolsters the eicosapentaenoic acid market, offering plant-based alternatives with enhanced sensory quality
- In May 2020, DSM launched life'sDHASF55-O200DS, a plant-based DHA oil for maternal and early life nutrition. With a high DHA content, this algae-derived ingredient strengthens the eicosapentaenoic acid market, offering over 550 mg/g of natural triglyceride DHA, surpassing some conventional sources
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Eicosapentaenoic Acid Market Scope
The global eicosapentaenoic acid market is segmented on the basis of form, application, and source. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Form
- Triglycerides
- Ethyl Esters
Application
- Infant Formulae
- Dietary Supplements
- Fortified Food and Beverages
- Pharmaceuticals
- Others
Source
- Anchovy/Sardine Oil
- High Concentrates
- Medium Concentrates
- Low Concentrates
- Algae Oil
- Tuna Oil
- Cod Liver Oil
- Salmon Oil
- Krill Oil
- Menhaden Oil
Global Eicosapentaenoic Acid Market Regional Analysis/Insights
The global eicosapentaenoic acid market is analysed and market size insights and trends are provided by country, form, application, and source as referenced above.
The countries covered in the global eicosapentaenoic acid market report are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa.
North America is expected to dominate the market due to rising chronic disease incidences. Enhanced medication and superior health supplements contribute to its supremacy, reflecting the region's focus on combating health challenges through advanced nutritional solutions.
Europe is expected to fastest grow in the market, propelled by a burgeoning geriatric population and increased utilization in treating obesity. This trend signifies a rising demand for health supplements and pharmaceuticals in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Eicosapentaenoic Acid Market Share Analysis
The global eicosapentaenoic acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the global eicosapentaenoic acid market.
Some of the major players operating in the global eicosapentaenoic acid market are:
- DSM (Netherlands)
- BASF SE (Germany)
- Lonza (Switzerland)
- Glanbia Plc (Ireland)
- ADM (U.S.)
- Farbest Brands (U.S.)
- SternVitamin GmbH & Co. KG (Germany)
- Adisseo (France)
- BTSA Biotechnologias Aplicadas S.L. (Spain)
- Rabar Pty Ltd (Australia)
- Orkla (Norway)
- Epax (Norway)
- BioProcess Algae LLC (U.S.)
- Croda International plc (U.K.)
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