Market Overview:
The global omega 3 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 functional foods and supplements. The pharmaceutical grade segment is expected to grow at a higher CAGR than other segments during the forecast period. North America dominates the global omega 3 market, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.
Product Definition:
Omega-3 fatty acids are a type of polyunsaturated fatty acid. The body cannot make omega-3s, so they must be obtained from the diet. Omega-3s are important for heart health and normal brain function.
Pharmaceutical Grade:
Pharmaceutical grade Omega 3 is a form of dietary supplements and are derived from either fish oil or marine algae. It is used as an alternative to drugs for the treatment of heart disease, high cholesterol levels, obesity and some types of cancer. The product has no side effects unlike most other pharmaceutical drugs which makes it more preferable among consumers who are looking for natural solutions to health problems.
Food Grade:
Food grade is the process of manufacturing edible products such as oils, fats, and others. It includes processes like extraction, refining, bleaching and deodorizing among others. In the omega 3 market food grade refers to fish oil that has been processed in a way that it meets all the requirements for human consumption under normal temperature conditions.
Application Insights:
The supplements and functional foods segment accounted for the largest revenue share of over 30% in 2017. Omega 3 is widely used in the manufacturing of dietary supplements and functional food products owing to its ability to reduce cholesterol levels, promote weight loss, improve heart health, aid digestion and reduce inflammation. The U.S., Canada, Norway, Denmark, Australia New Zeeland Germany are some of the countries where omega 3-based nutritional supplement products are consumed most frequently.
The pharmaceutical grade accounted for a significant revenue share as well as a volume share in 2017 due to increasing R&D on fish oil capsules that can be used safely during pregnancy & breastfeeding without any known side effects or risks associated with it.
Regional Analysis:
North America was the second-largest regional market in 2017. The region is expected to maintain its dominance over the forecast period owing to high product demand from dietary supplements, infant formula, and pharmaceutical sectors. In addition, rising awareness regarding omega 3 benefits is projected to propel industry growth over the coming years.
Asia Pacific is anticipated to be one of the fastest-growing regions during the same period owing to increasing consumer spending on nutritional products and growing health concerns among consumers pertaining infant & maternal care as well as cardiovascular diseases (CVDs). Moreover, growing production facilities in countries such as China and India are likely boost product demand across this region in near future.
Growth Factors:
- Increasing awareness about the health benefits of omega-3 fatty acids is driving the growth of the market.
- The market is witnessing a rise in demand for functional foods and dietary supplements that contain omega-3 fatty acids.
- The increasing incidence of chronic diseases such as heart disease, stroke, and diabetes is fueling the demand for omega-3 supplements.
- Growing consumer preference for natural ingredients in food products is propelling the growth of the omega-3 market.
- Technological advancements in product formulation are providing new opportunities for players operating in this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Omega 3 Market Research Report
By Type
Pharmaceutical Grade, Food Grade
By Application
Supplements & Functional Foods, Pharmaceuticals, Infant formulas, Pet & Animal Feed, Others
By Companies
Aker BioMarine, Lonza, Axellus, BASF, DSM, BioProcess Algae, Croda, Omega Protein, EPAX, Martek Biosciences, Aker BioMarine, GC Rieber Oils
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
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Omega 3 Market Report Segments:
The global Omega 3 market is segmented on the basis of:
Types
Pharmaceutical Grade, Food Grade
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
Supplements & Functional Foods, Pharmaceuticals, Infant formulas, Pet & Animal Feed, Others
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:
- Aker BioMarine
- Lonza
- Axellus
- BASF
- DSM
- BioProcess Algae
- Croda
- Omega Protein
- EPAX
- Martek Biosciences
- Aker BioMarine
- GC Rieber Oils
Highlights of The Omega 3 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:
- Pharmaceutical Grade
- Food Grade
- By Application:
- Supplements & Functional Foods
- Pharmaceuticals
- Infant formulas
- Pet & Animal Feed
- Others
- 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 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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-based foods. They have been linked with a reduced risk of heart disease, stroke, and some types of cancer.
Some of the major companies in the omega 3 market are Aker BioMarine, Lonza, Axellus, BASF, DSM, BioProcess Algae, Croda, Omega Protein, EPAX, Martek Biosciences, Aker BioMarine, GC Rieber Oils.
The omega 3 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 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 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Omega 3 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 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 Market Size & Forecast, 2018-2028
4.5.1 Omega 3 Market Size and Y-o-Y Growth
4.5.2 Omega 3 Market Absolute $ Opportunity
Chapter 5 Global Omega 3 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 Omega 3 Market Size Forecast by Type
5.2.1 Pharmaceutical Grade
5.2.2 Food Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Omega 3 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 Omega 3 Market Size Forecast by Applications
6.2.1 Supplements & Functional Foods
6.2.2 Pharmaceuticals
6.2.3 Infant formulas
6.2.4 Pet & Animal Feed
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Omega 3 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 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 Omega 3 Analysis and Forecast
9.1 Introduction
9.2 North America Omega 3 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 Omega 3 Market Size Forecast by Type
9.6.1 Pharmaceutical Grade
9.6.2 Food Grade
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 Omega 3 Market Size Forecast by Applications
9.10.1 Supplements & Functional Foods
9.10.2 Pharmaceuticals
9.10.3 Infant formulas
9.10.4 Pet & Animal Feed
9.10.5 Others
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 Omega 3 Analysis and Forecast
10.1 Introduction
10.2 Europe Omega 3 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 Omega 3 Market Size Forecast by Type
10.6.1 Pharmaceutical Grade
10.6.2 Food Grade
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 Omega 3 Market Size Forecast by Applications
10.10.1 Supplements & Functional Foods
10.10.2 Pharmaceuticals
10.10.3 Infant formulas
10.10.4 Pet & Animal Feed
10.10.5 Others
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 Omega 3 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Omega 3 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 Omega 3 Market Size Forecast by Type
11.6.1 Pharmaceutical Grade
11.6.2 Food Grade
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 Omega 3 Market Size Forecast by Applications
11.10.1 Supplements & Functional Foods
11.10.2 Pharmaceuticals
11.10.3 Infant formulas
11.10.4 Pet & Animal Feed
11.10.5 Others
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 Omega 3 Analysis and Forecast
12.1 Introduction
12.2 Latin America Omega 3 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 Omega 3 Market Size Forecast by Type
12.6.1 Pharmaceutical Grade
12.6.2 Food Grade
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 Omega 3 Market Size Forecast by Applications
12.10.1 Supplements & Functional Foods
12.10.2 Pharmaceuticals
12.10.3 Infant formulas
12.10.4 Pet & Animal Feed
12.10.5 Others
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) Omega 3 Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Omega 3 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) Omega 3 Market Size Forecast by Type
13.6.1 Pharmaceutical Grade
13.6.2 Food Grade
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) Omega 3 Market Size Forecast by Applications
13.10.1 Supplements & Functional Foods
13.10.2 Pharmaceuticals
13.10.3 Infant formulas
13.10.4 Pet & Animal Feed
13.10.5 Others
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 Market: Competitive Dashboard
14.2 Global Omega 3 Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aker BioMarine
14.3.2 Lonza
14.3.3 Axellus
14.3.4 BASF
14.3.5 DSM
14.3.6 BioProcess Algae
14.3.7 Croda
14.3.8 Omega Protein
14.3.9 EPAX
14.3.10 Martek Biosciences
14.3.11 Aker BioMarine
14.3.12 GC Rieber Oils
