EPA AND DHA MARKET ANALYSIS

EPA and DHA Market, By Type (Eicosapentaenoic Acid (EPA), Docosahexaenoic Acid (DHA)), By Source (Fish Oil, Algae Oil, Krill Oil, Other Sources), By Application (Infant Formulae, Dietary Supplements, Fortified Food and Beverages, Pharmaceuticals, Other Applications), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Sep 2022
Code : CMI5200
Pages :153
Formats :
Excel and PDF
Industry : Food and Beverages

Market Challenges And Opportunities

Restraints & Challenges:

High market price
Restriction on fish catching

Global EPA and DHA Market Restraints:

High market price is expected to hinder the market growth of EPA and DHA. According to the Global Seafood Alliance, the cost price per kilogram of algae is too high because of the demand for labor, water, and energy, and wherein it was valued at around EUR 300 to 900 per kilogram in February 2020.

Restriction on fish catching is affecting the production of fish oil is again anticipated to hinder the market growth.

Global EPA and DHA Market Opportunities:

Growing focus of key players to explore for extraction process for EPA is projected to provide significant growth opportunities over the forecast period. For instance, in February 2018, Cargill Incorporated started research in close vicinity with farmers to explore opportunities associated with the extraction of DHA and EPA from Canola plants.

Increasing popularity of personalized formulations is again projected to bring significant growth opportunities for key players in the future. Key players are adding other ingredients, such as vitamin D or curcumin, or by tailoring the supplement to a specific condition or life stage.