According to Data Bridge Market Research new Market report, global EPA and DHA market will account to an estimated USD 41,454.32 million in 2018 growing at a CAGR of 9.30% during the forecast period of 2019 to 2026.
Global EPA and DHA Market
EPA and DHA can be defined as the two types of Omega-3 fatty acids, which are considered as long-chain fatty acids due to their characteristics, where EPA is known to contain 20 carbons and DHA 22. These fatty acids are commonly found in cold water fishes. They are known to be highly unsaturated due to their long bonding chains.
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Global EPA and DHA market is segmented on the basis of type, concentration type, form, source, application and geography.
By Type (Eicosapentaenoic Acid, Docosahexaenoic Acid), Concentration Type (High Concentrated, Medium Concentrated, Low Concentrated), Form (Triglycerides, Ethyl Esters), Source (Fish Oil, Algae Oil, Krill Oil, Other Sources), Application (Infant Formulae, Dietary Supplements, Fortified Food & Beverages, Pharmaceuticals, Others) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
FACTORS DRIVING GROWTH IN EPA AND DHA MARKET
Growth in adoption of EHA and DHA
There has been a significant rise in demand and adoption of EHA and DHA due to their benefits for the human body, research and studies indicate that with the usage of Omega-3 fatty acids, people have been known to reduce the symptoms and even slow down the progression of a number of diseases, such as rheumatoid arthritis, age-related macular degeneration.
Studies suggest that the body needs some specified amount or quantity dependent on the age of the individual.
Few of the major competitors currently working in the EPA and DHA market are Royal DSM, Croda International Plc, Omega Protein Corporation, Archer Daniels Midland Company, Corbion, BASF SE, Pelagia AS, Golden Omega S.A., Arctic Nutrition AS, Organic Technologies, KD Pharma Group, Novotech Nutraceuticals Inc. and Novasep Holding SAS.
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