Market Overview:
The global omega-3 fatty acid market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing awareness about the health benefits of omega-3 fatty acids and rising demand for dietary supplements, fortified food and beverage, infant formula, pharmaceuticals, and pet foods. Marine omega-3 fatty acids are expected to dominate the market during the forecast period owing to their high nutritional value. Asia Pacific is projected to be the fastest growing region in terms of CAGR during the forecast period.
Product Definition:
An Omega-3 fatty acid is a type of polyunsaturated fatty acid. They are considered "essential" because the body cannot produce them on its own and they must be obtained through diet. Omega-3s are important for normal growth and development, as well as for maintaining heart health, cognitive function, and joint mobility.
Marine Omega-3:
Omega-3 fatty acids are polyunsaturated fatty acids, which the human body is unable to produce on its own. They must be consumed through diet or supplementation. Omega-3 fatty acids are important for brain and heart health as well as have an important role in cancer prevention. The American Heart Association recommends the consumption of fish oil supplements; however, it does not recommend eating fish because of their high mercury content.
Algae Omega-3:
Algae omega-3 is a type of dietary supplement derived from three types of algae, including ECHINACEA, DHA/EPA and ALGHA. The product contains the same amount of EPA and DHA as found in fish oil; two times more than plant oils such as flaxseed; and four times more than soybean oil.
Application Insights:
Dietary supplements emerged as the largest application segment and accounted for a market share of over 47% in 2017. Omega-3 fatty acids are widely used in dietary supplements owing to their ability to reduce cholesterol levels, promote weight loss, improve brain health, and treat depression. Rising awareness regarding these benefits among consumers is expected to drive the demand for omega-3 fatty acids from dietary supplement applications.
Infant formula held a significant share of over 10% in 2017 owing to growing concerns about infant mortality coupled with rising healthcare costs associated with premature births. The product is available without prescription and has no known side effects; therefore it is gaining popularity among both mothers who wish to ensure proper nutrition for their babies as well as doctors who recommend it due its therapeutic benefits during pregnancy. These factors are expected fuel industry growth over the forecast period (2018 - 2030).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of 5.6% over the forecast period, owing to rising consumer awareness regarding health and wellness coupled with increasing disposable income levels in countries such as the U.S., Canada, and Mexico. Furthermore, growing demand for fish oil-based dietary supplements on account of its anti-inflammatory properties is anticipated to propel product demand over the coming years.
Asia Pacific accounted for a revenue share of 23% in 2017 owing to high consumption levels of omega 3 fatty acids from Japan and China that are majorly derived from marine sources such as fish and krill oils along with some amount from plant sources such as soybean oil derivatives (edible linseed).
Growth Factors:
- Increasing awareness about the health benefits of Omega-3 fatty acids is expected to drive the market growth.
- Rising demand for functional foods and dietary supplements containing Omega-3 fatty acids is anticipated to boost the market growth.
- Growing research and development activities for new applications of Omega-3 fatty acids is projected to propel the market growth over the forecast period.
- Increasing use of Omega-3 fatty acids in animal feed is likely to create new opportunities for this market in near future.
- Technological advancements in production processes are estimated to provide impetus to the global omega 3 fatty acid market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Omega-3 Fatty Acid Market Research Report
By Type
Marine Omega-3, Algae Omega-3
By Application
Dietary Supplements, Fortified Food and Beverage, Infant Formula, Pharmaceuticals, Pet Foods
By Companies
Amway, Nordic Naturals, Inc., Zymes LLC, BASF, DSM, Croda Health Care, Omega Protein, Orkla Health, Epax, GC Rieber Oils, Amway, Maruha Nichiro Foods Inc., Polaris, Golden Omega, Aker BioMarine, OLVEA Fish Oils, Solutex, KinOmega Biopharm
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Omega-3 Fatty Acid Market Report Segments:
The global Omega-3 Fatty Acid market is segmented on the basis of:
Types
Marine Omega-3, Algae Omega-3
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Dietary Supplements, Fortified Food and Beverage, Infant Formula, Pharmaceuticals, Pet Foods
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Amway
- Nordic Naturals, Inc.
- Zymes LLC
- BASF
- DSM
- Croda Health Care
- Omega Protein
- Orkla Health
- Epax
- GC Rieber Oils
- Amway
- Maruha Nichiro Foods Inc.
- Polaris
- Golden Omega
- Aker BioMarine
- OLVEA Fish Oils
- Solutex
- KinOmega Biopharm
Highlights of The Omega-3 Fatty Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Marine Omega-3
- Algae Omega-3
- By Application:
- Dietary Supplements
- Fortified Food and Beverage
- Infant Formula
- Pharmaceuticals
- Pet Foods
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Omega-3 Fatty Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Omega-3 fatty acids are polyunsaturated fats that are found in plant and animal sources. They have anti-inflammatory properties and can help to reduce the risk of heart disease, stroke, and other chronic diseases.
Some of the major companies in the omega-3 fatty acid market are Amway, Nordic Naturals, Inc., Zymes LLC, BASF, DSM, Croda Health Care, Omega Protein, Orkla Health, Epax, GC Rieber Oils, Amway, Maruha Nichiro Foods Inc., Polaris, Golden Omega, Aker BioMarine, OLVEA Fish Oils, Solutex, KinOmega Biopharm.
The omega-3 fatty acid market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Omega-3 Fatty Acid Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Omega-3 Fatty Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Omega-3 Fatty Acid Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Omega-3 Fatty Acid Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Omega-3 Fatty Acid Market Size & Forecast, 2020-2028
4.5.1 Omega-3 Fatty Acid Market Size and Y-o-Y Growth
4.5.2 Omega-3 Fatty Acid Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Marine Omega-3
5.2.2 Algae Omega-3
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Dietary Supplements
6.2.2 Fortified Food and Beverage
6.2.3 Infant Formula
6.2.4 Pharmaceuticals
6.2.5 Pet Foods
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Omega-3 Fatty Acid Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Omega-3 Fatty Acid Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Marine Omega-3
9.6.2 Algae Omega-3
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Dietary Supplements
9.10.2 Fortified Food and Beverage
9.10.3 Infant Formula
9.10.4 Pharmaceuticals
9.10.5 Pet Foods
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Marine Omega-3
10.6.2 Algae Omega-3
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Dietary Supplements
10.10.2 Fortified Food and Beverage
10.10.3 Infant Formula
10.10.4 Pharmaceuticals
10.10.5 Pet Foods
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Marine Omega-3
11.6.2 Algae Omega-3
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Dietary Supplements
11.10.2 Fortified Food and Beverage
11.10.3 Infant Formula
11.10.4 Pharmaceuticals
11.10.5 Pet Foods
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Marine Omega-3
12.6.2 Algae Omega-3
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Dietary Supplements
12.10.2 Fortified Food and Beverage
12.10.3 Infant Formula
12.10.4 Pharmaceuticals
12.10.5 Pet Foods
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Marine Omega-3
13.6.2 Algae Omega-3
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Dietary Supplements
13.10.2 Fortified Food and Beverage
13.10.3 Infant Formula
13.10.4 Pharmaceuticals
13.10.5 Pet Foods
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Omega-3 Fatty Acid Market: Competitive Dashboard
14.2 Global Omega-3 Fatty Acid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amway
14.3.2 Nordic Naturals, Inc.
14.3.3 Zymes LLC
14.3.4 BASF
14.3.5 DSM
14.3.6 Croda Health Care
14.3.7 Omega Protein
14.3.8 Orkla Health
14.3.9 Epax
14.3.10 GC Rieber Oils
14.3.11 Amway
14.3.12 Maruha Nichiro Foods Inc.
14.3.13 Polaris
14.3.14 Golden Omega
14.3.15 Aker BioMarine
14.3.16 OLVEA Fish Oils
14.3.17 Solutex
14.3.18 KinOmega Biopharm
