The global Omega 3 market size is expected to be worth around US$ 5.82 billion by 2030, according to a new report by Vision Research Reports.
The global Omega 3 market size was valued at US$ 3.10 billion in 2020 and is anticipated to grow at a CAGR of 8.8% during forecast period 2021 to 2030.
|Market Size||US$ 5.82 Billion by 2030|
|Growth Rate||CAGR of 8.8% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Type, Source, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Aker Biomarine Antarctic AS;Orkla Health; BASF SE; Omega Protein Corp.; GC Reiber Oils; Lonza;Croda International Plc; EPAX;BioProcess Algae, LLC;Koninklijke DSM N.V.|
DHA and EPA can help improve brain health in children and heart health in adults, which is likely to boost the market growth. The rising scope of applications of omega 3 in pharmaceuticals is also supporting product consumption. Players are focusing on offering high-quality pharma-grade omega 3.
An increasing number of omega 3-based pharmaceutical product launches by market players, due to the rising product application scope in medicines, is expected to augment market growth. The rising inclusion of omega 3 ingredients in the diet to support heart and brain health is expected to boost product demand. A sedentary lifestyle, work-from-home trend, and lack of physical activity, particularly between the age group of 30 and 40 years are expected to result in rising product demand.
By Type Analysis
Docosahexaenoic Acid (DHA) dominated the market with a revenue share of more than 62% in 2020. DHA aids in reducing bad cholesterol and improving health conditions in individuals facing blood pressure-related concerns. The rising prevalence of coronary heart diseases globally is expected to fuel demand for DHA omega 3.
Eicosapentaenoic Acid (EPA) is expected to be the fastest-growing segment owing to its growing demand for immunity-boosting dietary supplements. EPA exhibits anti-inflammatory properties and thus improves the body’s immune response.
Plant oils, such as flaxseed, walnuts, soy, leafy vegetables, clary sage seed, and hemp oils, are major sources of Alpha-Linolenic (ALA). ALA reduces clots in the blood and promotes a smooth blood pumping mechanism by reducing the plaque in arteries serving the heart
By Source Analysis
The marine source segment held the largest revenue share of over 82.8% in 2020. Fish oil is the major marine source, which is mainly derived from anchovy fish. Prices of omega 3 are dependent on the extraction and processing cost of fish oil and vary accordingly depending on the availability of anchovy fish.
Omega 3 is also derived from plant sources including pumpkin seeds, flaxseed oil, walnuts, soybean oil, and canola oil. The cold pressing method is used for manufacturing omega 3 oil from plant sources.
By Application Analysis
The supplement and functional foods segment dominated the market with a revenue share of 52.1% in 2020. The rising popularity of DHA supplements among pregnant ladies as well as lactating mothers is projected to propel the product demand over the next few years.
Pharmaceuticals are among the significantly growing application segments in the market. Omega 3 is used for improving the health of heart patients as well as in the dermatology sector owing to its scalp nourishment properties.
The infant formula segment is expected to grow at the fastest CAGR over the forecast period, supported by the rising consumption of packaged baby nutrition products owing to an increasing working population.
The inability of animals to naturally produce some of the essential fatty acids has led to an increase in the demand for omega 3 fatty acids in animal feed. Rising demand for pet food on account of increasing pet ownership and pet humanization is likely to support the growth of the segment.
By Regional Analysis
North America was the largest regional market with a revenue share of 37.3%. Various market players in the region, such as Omega Protein Corp., Martek Biosciences Corp., and BioProcess Algae, are focusing on R&D activities to develop pharma-grade omega 3, which is fueling the regional market growth.
Asia Pacific is likely to register the fastest CAGR over the forecast period. Rising awareness about following a healthy diet and overall well-being, coupled with increasing disposable income, is expected to boost the product demand in the region.
Aker Biomarine Antarctic AS
Omega Protein Corp.
GC Reiber Oils
Croda International Plc
BioProcess Algae, LLC
Koninklijke DSM N.V.
Docosahexaenoic acid (DHA)
Eicosapentaenoic acid (EPA)
Alpha-linolenic acid (ALA)
Supplements & Functional Foods
Animal Feed & Pet Food
Central & South America (CSA)
Middle East & Africa (MEA)
The Omega 3 market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Omega 3 market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Omega 3 market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Omega 3 market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Omega 3 market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Omega 3 capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Omega 3 by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Omega 3 market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Omega 3 market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Omega 3 market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Omega 3 industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Omega 3 market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Omega 3 market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Omega 3 market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Omega 3 market. These factors have benefited the growth of the global market for Omega 3. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Omega 3. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Omega 3 are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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