EPA/DHA Ingredients Market Size & Share 2024 – 2032
Market Size by Source (Anchovy/Sardine Oil, High Concentrates, Medium Concentrates, Low Concentrates, Algae Oil, Tina oil, Cod Liver Oil, Salmon Oil, Krill Oil, Menhaden Oil), Product, Application & Forecast.
Report ID: GMI118
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Published Date: September 2024
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Report Format: PDF
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Authors:
Kiran Pulidindi, Kunal Ahuja
EPA/DHA Ingredients Market Size
EPA/DHA (Omega 3) Ingredients Market size was valued at USD 3 billion in 2023 and is expected to expand at 6.5% CAGR from 2024 to 2032, driven by increasing consumer awareness of the health benefits associated with omega-3 fatty acids. Moreover, the rising partnerships between leading companies enhance production.
EPA/DHA Ingredients Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
For instance, in October 2023, Yield10 Bioscience and Bio Mar Group joined forces to bring to market a camelina crop with elevated levels of omega-3 fatty acids, including EPA and DHA, comparable to those found in fish oil. Following a decade of research, this innovative technology could serve as a significant, high-quality alternative to the limited supply of marine long-chain fatty acids. These essential nutrients are known for their positive impact on heart health, brain function, and overall well-being.
The market further experiences healthy growth due to the rising demand for functional foods and dietary supplements. As consumers continue to prioritize their health, the demand for high-quality omega-3 ingredients will surge.
The EPA/DHA (Omega 3) ingredients market is poised for substantial growth, driven by the increasing consumer focus on health and wellness. The growing awareness of the health benefits of omega-3 fatty acids, particularly in reducing cardiovascular risks, supporting cognitive function, and managing inflammation, is driving demand for these ingredients across various applications.
Furthermore, the rising innovative product launches from leading companies support the market growth. For instance, in January 2024, Ritual introduced Omega-3 DHA + EPA, a supplement providing 500 mg of these essential fatty acids in a 2:1 DHA to EPA ratio. The omega-3s are sourced sustainably from microalgae in La Forêt-Fouesnant, France, and are produced using patented technology designed to minimize oxidation.
However, the market faces challenges such as fluctuating raw material prices and concerns over the sustainability of fish oil sources. These factors may hinder the market's growth, but ongoing advancements in alternative sources, such as algae oil, are expected to mitigate some of these challenges.
EPA/DHA Ingredients Market Trends
The market growth is driven by the rising demand for plant-based and sustainable omega-3 sources. As consumers become more environmentally conscious, there is a growing preference for algae-based EPA/DHA products, which offer a sustainable alternative to traditional fish oil. Additionally, the increasing incorporation of omega-3 ingredients into functional foods and beverages, as well as the development of innovative delivery formats such as gummies and powders, is expected to drive market expansion. The ongoing trend towards preventive healthcare and nutritional supplements will further boost the demand for EPA/DHA ingredients.
For instance, in July 2024, Nu seed, a specialist in plant-based functional ingredients, announced that it would be highlighting its omega-3 ingredient at IFT FIRST from July 15–17, 2024, in Chicago. Nutriture, a canola-based nutraceutical, is the first plant-based source of 'total' omega-3, encompassing docosahexaenoic acid (DHA), eicosapentaenoic acid (EPA), and alpha-linolenic acid (ALA).
EPA/DHA Ingredients Market Analysis
The demand for anchovies and sardine oil will register over 9.2% CAGR from 2024-2032, driven by their high bioavailability and cost-effectiveness. Anchovies and sardine oil are among the primary sources of EPA/DHA ingredients. These small, oily fish are rich in omega-3 fatty acids, making them popular for extracting EPA/DHA. As the market for omega-3 ingredients continues to expand, producers are increasingly focusing on sustainable fishing practices and certification to meet consumer demand for responsibly sourced products. The continued reliance on anchovies and sardine oil as key sources of EPA/DHA will play a critical role in the market's growth trajectory.
The dietary supplements segment held a significant EPA/DHA ingredients market share in 2023 and will register over 6.5% CAGR from 2024-2032. The rising consumer preference for dietary supplements as a convenient way to enhance health and wellness is driving demand for omega-3 ingredients in this segment. EPA/DHA supplements are particularly popular among individuals seeking to improve cardiovascular health, cognitive function, and joint mobility. The growing trend towards personalized nutrition and the increasing availability of omega-3 supplements in various forms, such as soft gels, capsules, and liquids, are expected to further propel segment growth.
The Asia Pacific region held a sizable share of the EPA/DHA ingredients market in 2023 and will reach USD 1.5 billion by 2032. The region's growth is driven by the increasing awareness of the health benefits of omega-3 fatty acids, particularly in countries like China, Japan, and India. The rising prevalence of chronic diseases, in line with a growing middle class with higher disposable incomes, is fueling demand for EPA/DHA ingredients in dietary supplements and functional foods.
Additionally, the expansion of the aquaculture industry in the region is contributing to the availability of fish oil, further supporting market growth. As the Asia Pacific region continues to embrace health and wellness trends, the demand for EPA/DHA ingredients will rise significantly.
EPA/DHA Ingredients Market Share
The demand for EPA/DHA (Omega-3) ingredients is rising due to increased consumer awareness of their health benefits. Companies like BASF SE and Koninklijke DSM N.V. are driving this market by investing in sustainable sourcing and advanced extraction technologies. They focus on high-quality, purified products that cater to dietary supplements and functional foods. The growing emphasis on heart and brain health, alongside scientific endorsements, has led to heightened consumer demand. These companies' efforts to innovate and ensure consistent supply chains are pivotal in meeting the increasing global need for EPA/DHA ingredients, thus fueling market growth.
EPA/DHA Ingredients Market Companies
Top companies operating in the EPA/DHA (Omega-3) ingredients industry include:
EPA/DHA Ingredients Industry News
The EPA/DHA (Omega 3) ingredients market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2021 to 2032 for the following segments:
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Market, By Product
Market, By Source
Market, By Application
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