Globally, EPA is becoming more important and is becoming a part of the consumer's daily diet. The primary causes of this shift are the increased prevalence of lifestyle diseases and people practicing preventive healthcare. Furthermore, the emerging applications of EPA in food, dietary supplements, and clinical nutrition have fuelled market growth.
Data Bridge Market Research analyses that the eicosapentaenoic acid market was valued at USD 1.6 billion in 2021 and is expected to reach the value of USD 3.82 billion by 2029, at a CAGR of 11.50% during the forecast period of 2022-2029.
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Some of the major players operating in the eicosapentaenoic acid market are:
- DSM (Netherlands)
- BASF SE (Germany)
- Lonza Group (Switzerland)
- Glanbia Plc (Ireland)
- ADM (US)
- Farbest Brands (US)
- SternVitamin GmbH Co. KG (Germany)
- Adisseo (France)
- BTSA Biotechnologias Aplicadas S.L. (Spain)
- Rabar Pty Ltd (Australia)
- Orkla Health (Norway)
- Epax (norway)
- BioProcess Algae LLC (U.S)
- Croda International plc (U.K)
Global Eicosapentaenoic Acid Market Scope
The 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
Source
- Anchovy/Sardine Oil
- High Concentrates
- Medium Concentrates
- Low Concentrates
- Algae Oil
- Tuna Oil
- Cod Liver Oil
- Salmon Oil
- Krill Oil
- Menhaden Oil
Application
- Infant formula
- Fortified Food beverages
- Nutritional supplement
- Pharmaceutical
- Clinical nutrition
- Dietary supplements
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Eicosapentaenoic Acid Market Dynamics
Drivers
- Rising health awareness of consumption eicosapentaenoic acids
The eicosapentaenoic acid helps to reduce the risk of abnormal heartbeats or arrhythmias, which can result in the patient's sudden death. It also aids in the reduction of triglyceride levels, the slowing of the growth rate of atherosclerotic plaque, and the reduction of blood pressure. Consumers are increasingly shifting to healthier alternatives while viewing preventive care as a necessary tool to assist them in leading a healthier lifestyle. As a result, eicosapentaenoic acids are becoming more popular because they are a good source of vitamins, proteins, and minerals and can help with diseases like cancer, asthma, and depression.
- Marketing strategies and endorsements to boost market growth
Brand name, nutritional value, and product safety are all factors that influence consumer purchasing decisions. The benefits of eicosapentaenoic acid-based supplements are likely to influence purchasing behaviour through various forms of media, including electronic and print.. Fish consumption is expected to rise further, particularly in developing countries. Fish oil is the primary source of eicosapentaenoic acids.
Opportunity
The increasing use of eicosapentaenoic acid in pet food and pharmaceuticals, as well as increased public initiatives related to health and fitness, are boosting the market. Consumer awareness of the health benefits of eicosapentaenoic acid is increasing the need for market players to innovate in order to compete. On the other hand, the technology delivers odorous oils in a micro-emulsified formulation that is designed to increase surface absorption.
Restraints
However, uneven fish capture and rising demand for fish from other application sources reduce their availability at a lower cost, limiting market growth. Increasing environmental, metal, and hazardous pollutants in fish are making them toxic for consumption, which is expected to limit the segment's growth. Furthermore, increased regulations on fishing activities to protect fish species are expected to have an impact on the industry's raw material supply.
This 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 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.
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