The Global EPA & DHA Market by Type, Concentration, Form, Source, Application and Geography - Growth, Trends and Forecasts (2018-2023) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 20, 2018--The “EPA & DHA Market - Segmented by Type, Concentration, Form, Source, Application (Infant Formulae, Dietary Supplements, Fortified Food and Beverages, Pharmaceuticals) and Geography - Growth, Trends and Forecasts (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.The global EPA & DHA market is expected to register a CAGR of 9.7% during the forecast period, 2018 to 2023.EPA and DHA are gaining importance and becoming a part of the consumer’s daily diet. The key reasons for this change have been the increased prevalence of lifestyle diseases and people taking preventive healthcare measures.Moreover, emerging applications of EPA and DHA in food, dietary supplements, and clinical nutrition are further stimulating the market growth.The market is budding, owing to growing information about the advantages of consuming supplements and functional food enriched with omega-3 fatty acids, among consumers.Asia-Pacific and North America, together contributed more market share followed by Middle East & Africa owing to the consumer awareness in the developing countries.
Robust Demand from Health Conscious Consumers Boost GrowthThe increased awareness about EPA and DHA has resulted in an increase in application of these ingredients across several end-user industry and markets for direct human consumption. In addition, the most rapidly emerging applications of EPA and DHA are in food, dietary supplements, and clinical nutrition. Most of these sectors demand EPA and DHA with high purity and concentration.EPA and DHA has various benefits over health, such as preventing cardiovascular diseases by reducing triglyceride level, reducing obesity, bone health, inflammatory health and increasing immunity.Moreover, the EPA and DHA have been proven to help overweight individuals by contributing to the improvement of body composition by increasing metabolism and fat burning potential. They also help in suppressing appetite, which leads to the consumption of fewer calories.
However, fluctuating costs and mild side effects of EPA and DHA supplements that includes unpleasant taste, bad breath, bad-smelling sweat, headache, and gastrointestinal symptoms, such as heartburn, nausea, and diarrhea, are limiting the consumers from choosing EPA and DHA-based products.Competitive Landscape The key brands in EPA and DHA market are embarking on mergers and acquisitions and new product development as some of their key strategies to achieve consolidation and optimize their offerings respectively.Major players in the market are Royal DSM, Croda International, Omega Protein Corporation, Corbion, BASF SE, and Pelagia AS among many others.
Key Topics Covered
2. Market Insights
3. Market Dynamics
4. Market Segmentation
5. EPA & DHA Market By Geography
6. Market Competitive Landscape
7. Company ProfilesRoyal DSMCroda InternationalOmega Protein CorporationArcher Daniels Midland CompanyCorbionBASF SEPelagia ASGolden Omega S.A.Arctic Nutrition ASOrganic TechnologiesKD Pharma GroupNovotech Nutraceuticals Inc.Novasep Holding SAS
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Related Topics:Food Ingredients
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 11/20/2018 08:38 AM/DISC: 11/20/2018 08:38 AM