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EPA and DHA Market  is Increase With a Healthy CAGR of 6.2% By 2023-2030

 

EPA and DHA Market Overview:

The EPA and DHA Market (Opens in a new window) was valued at USD 1,670.04 Million in 2022. and is estimated to reach over USD 2,680.43 Million by 2030.and grow at a CAGR of 6.2% during the forecast period.

Rising awareness of health benefits: Consumers are increasingly aware of the positive impact of EPA and DHA on heart health, brain function, cognitive development, and inflammation management.

Growing demand for preventive healthcare: As individuals prioritize proactive health measures, omega-3 supplements gain traction as a preventative approach.

Expanding application areas: EPA and DHA are finding new applications in functional foods, fortified beverages, and even pet food, creating a wider market reach.

Market Drivers:

Several factors are propelling the growth of the EPA and DHA market:

Rising health consciousness: Consumers are increasingly prioritizing preventive healthcare and adopting healthier lifestyles, leading to a surge in demand for functional ingredients like EPA and DHA.

Growing prevalence of chronic diseases: The rising incidence of cardiovascular diseases, cognitive decline, and inflammatory conditions fuels the demand for EPA and DHA, known for their potential benefits in mitigating these ailments.

Expanding application areas: EPA and DHA are finding application in diverse sectors beyond dietary supplements, including food & beverages, pharmaceuticals, animal feed, and infant nutrition.

Market Key Players:

KD Pharma Group, Corbion NV, Novasep Holding SAS, Neptune Wellness Solutions, BASF SE, Omega Protein Corporation, Croda International PLC, Novotech Nutraceuticals, Polaris SA, and AlgalR NutraPharms Pvt. Ltd

Market Segmentation:

The Veterinary Diagnostic Imaging Market segmentation based on various factors, including:

By Type: Eicosapentaenoic Acid (EPA) and Docosahexaenoic Acid (DHA)

By Source: Fish Oil, Algae Oil, Krill Oil, and Others

By Application: Infant Formula, Dietary Supplements, Fortified Food and Beverages, Pharmaceuticals, and Others

Regional Analysis

Europe: Rising Awareness and Stringent Regulations

Promising Growth: Europe exhibits significant growth potential, driven by rising health consciousness and government initiatives promoting healthy diets. Stringent regulations regarding product quality and safety further ensure consumer trust.

Regional Variations: Northern European countries like Germany and the UK lead the market, while Eastern Europe shows promising growth potential.

Asia Pacific: A Dynamic Landscape with Diverse Drivers

Rapid Expansion: This region boasts the fastest growth rate, fueled by a burgeoning middle class, rising disposable income, and increasing awareness of chronic diseases.

Market Dynamics: China and India are key players, with China focusing on infant formula applications and India driven by growing EPA and DHA market demand (Opens in a new window) for functional foods and dietary supplements.

Latin America: Untapped Potential with Challenges

Emerging Market: This region holds immense potential due to its large population and growing economic development. However, limited awareness and underdeveloped infrastructure pose challenges.

Growth Drivers: Increasing urbanization, rising disposable income, and government initiatives promoting healthy lifestyles are positive indicators.

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Contact no: (US) (505) 715-4344

Email: sales@consegicbusinessintelligence.com (Opens in a new window)

 

 

 

 

 

 

 

 

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