Omega 3 fatty acids are a type of fat that are considered essential for overall health of humans. A lot of health experts recommend the same and a lot of research has went into discovering the many health benefits of omega-3 fatty acids.
Omega 3 fatty acids come in three major forms eicosapentaenoic acid (EPA), alpha-linoleic acid (ALA) and docosahexaenoic acid (DHA). EPA and DHA are mostly found in marine animals like fatty fish and krill and are majorly promoted for their benefit to the heart. While ALA is found in plant seed oils such as walnuts, flaxseed, hemp. Out of the two the animal based variety i.e. EPA and DHA is promoted more as most health benefits are linked to it.
EPA and DHA can help to reduce several cardiovascular disease risk factors and many experts recommend the consumption of omega-3s to support heart health. DHA is considered to be important for visual and neurological development in infants. Research has also demonstrated that poor memory is associated with low levels of DHA and DHA supplements support brain health in ageing brains. It also supports health of the eyes, as DHA is the raw material that help to prevent retinal cell damage.
In recent years due to increased focus on omega 3 fatty acids health benefits it has become a multibillion-dollar business, with Americans alone spending more than 2 billion dollars on foods fortified with omega-3 fats. As research and awareness continues to increase, the consumption of omega 3 fatty acids is expected to rise. Also, the global omega-3 nutrition gap is far from covered. Cardiovascular health benefits is the major driver and supplements providing this are projected to have a market value of about 8 billion dollars by 2018. The opportunity for supplements aiming brain and vision improvement is valued more than $500 million by 2018. Supplements is not the only form in which omega-3 fatty acids are available, in fact in recent years packaged food and drinks rich in omega-3 fatty acids have had a higher growth rate than supplements.
The report offers strategic insights into the global omega 3 market along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of multiple market segments based on type, source, application and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2021 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.
In order to help the strategic decision makers, the report also includes profiles of the leading omega 3 manufacturers, along with their, product portfolio and key developments. Other in-depth analysis provided in the report includes:
By product type the market is segmented, into alpha-linolenic acid, docosahexaenoic acid and eicosapentaenoic acid. EPA/DHA helps to reduce the risk of breast, prostrate and colon cancer. Moreover, EPA also decreases the risk of depression and other health related issues. In 2021, DHA dominated the market and accounted for more than half of the market share by type and projected to maintain their dominance over the forecast period of 2022 to 2030. However, there is huge potential for ALA when compared with their counterparts DHA and EPA owing to consumer preference who look for various alternatives of fish oil. In terms of revenue North America is the largest market for ALA.
In 2021, marine source accounted for the largest share of the market and projected to maintain its dominance over the forecast period. Krill and fish oils are two major marine sources for omega-3 fatty acid. The availability of various types of fishes and the numerous health benefits offered by them is projected to be the major factor driving the market growth. Krill comprises the largest biomass on the earth, which ensure availability of the raw material source for krill oil. However, owing to shift in trend towards non animal based supplements is projected to restrain the growth of the market. Furthermore, owing to rise in manufacturing expense due to presence of toxins along with decrease production is projected to restrict the utilization of fish oil in this industry. Other sources such as nuts and seeds, vegetable oils and soya and soya products are likely to have a positive impact on the market.
Omega 3 are used in various applications. Among all the applications dietary supplements segment accounted for the largest share of the market. More than 50% of the market is accounted by dietary supplement segment. This segment is witnessing growth on account of increasing importance of omega 3 supplements. Infant formula segment is projected to witness significant growth on account of rising importance of ALA for the functional development of infants during pregnancy and first two years after childbirth. Moreover, governments are educating people, especially in emerging economies about the importance of infant health, which is further projected to fuel the growth. Food and beverages segment is projected to witness growth on account of rising demand for new health products, R&D initiative by the food manufacturers, advancement in the field of emulsification technologies and encapsulation.
North America and Europe together collectively accounted for than half of the global market and projected to maintain their dominance over the forecast period. Rising prevalence of chronic diseases along with the willingness of consumer to spend on healthcare solutions is the major factor driving the omega 3 market in North America and Europe region. The U.S. is the largest market for omega 3. Omega 3 are widely used in pharmaceutical industry owing to its increasing health benefits. Omega 3 are used to treat osteoporosis, depression, cancer, cardiovascular and Alzheimer’s diseases is expected to positively impact the market growth. Asia Pacific is projected to be the fastest growing market owing to increasing consumer awareness, rise in disposable income, and growing old age population particularly in Japan and China and increasing R&D investments by manufacturing companies to develop omega 3 fortified juices, baby food, beverages, dairy products and cooking oils among others.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
This product will be delivered within 2 business days.
Omega 3 fatty acids come in three major forms eicosapentaenoic acid (EPA), alpha-linoleic acid (ALA) and docosahexaenoic acid (DHA). EPA and DHA are mostly found in marine animals like fatty fish and krill and are majorly promoted for their benefit to the heart. While ALA is found in plant seed oils such as walnuts, flaxseed, hemp. Out of the two the animal based variety i.e. EPA and DHA is promoted more as most health benefits are linked to it.
EPA and DHA can help to reduce several cardiovascular disease risk factors and many experts recommend the consumption of omega-3s to support heart health. DHA is considered to be important for visual and neurological development in infants. Research has also demonstrated that poor memory is associated with low levels of DHA and DHA supplements support brain health in ageing brains. It also supports health of the eyes, as DHA is the raw material that help to prevent retinal cell damage.
In recent years due to increased focus on omega 3 fatty acids health benefits it has become a multibillion-dollar business, with Americans alone spending more than 2 billion dollars on foods fortified with omega-3 fats. As research and awareness continues to increase, the consumption of omega 3 fatty acids is expected to rise. Also, the global omega-3 nutrition gap is far from covered. Cardiovascular health benefits is the major driver and supplements providing this are projected to have a market value of about 8 billion dollars by 2018. The opportunity for supplements aiming brain and vision improvement is valued more than $500 million by 2018. Supplements is not the only form in which omega-3 fatty acids are available, in fact in recent years packaged food and drinks rich in omega-3 fatty acids have had a higher growth rate than supplements.
The report offers strategic insights into the global omega 3 market along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of multiple market segments based on type, source, application and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2021 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.
In order to help the strategic decision makers, the report also includes profiles of the leading omega 3 manufacturers, along with their, product portfolio and key developments. Other in-depth analysis provided in the report includes:
- Current and future market trends to justify the forthcoming attractive markets within the Omega 3 materials industry
- Market fuelers, market impediments, and their impact on the market growth
- In-depth competitive environment analysis
- Trailing 2-Year market size data (2021-2022)
- SRC (Segment-Region-Country) Analysis
By product type the market is segmented, into alpha-linolenic acid, docosahexaenoic acid and eicosapentaenoic acid. EPA/DHA helps to reduce the risk of breast, prostrate and colon cancer. Moreover, EPA also decreases the risk of depression and other health related issues. In 2021, DHA dominated the market and accounted for more than half of the market share by type and projected to maintain their dominance over the forecast period of 2022 to 2030. However, there is huge potential for ALA when compared with their counterparts DHA and EPA owing to consumer preference who look for various alternatives of fish oil. In terms of revenue North America is the largest market for ALA.
In 2021, marine source accounted for the largest share of the market and projected to maintain its dominance over the forecast period. Krill and fish oils are two major marine sources for omega-3 fatty acid. The availability of various types of fishes and the numerous health benefits offered by them is projected to be the major factor driving the market growth. Krill comprises the largest biomass on the earth, which ensure availability of the raw material source for krill oil. However, owing to shift in trend towards non animal based supplements is projected to restrain the growth of the market. Furthermore, owing to rise in manufacturing expense due to presence of toxins along with decrease production is projected to restrict the utilization of fish oil in this industry. Other sources such as nuts and seeds, vegetable oils and soya and soya products are likely to have a positive impact on the market.
Omega 3 are used in various applications. Among all the applications dietary supplements segment accounted for the largest share of the market. More than 50% of the market is accounted by dietary supplement segment. This segment is witnessing growth on account of increasing importance of omega 3 supplements. Infant formula segment is projected to witness significant growth on account of rising importance of ALA for the functional development of infants during pregnancy and first two years after childbirth. Moreover, governments are educating people, especially in emerging economies about the importance of infant health, which is further projected to fuel the growth. Food and beverages segment is projected to witness growth on account of rising demand for new health products, R&D initiative by the food manufacturers, advancement in the field of emulsification technologies and encapsulation.
North America and Europe together collectively accounted for than half of the global market and projected to maintain their dominance over the forecast period. Rising prevalence of chronic diseases along with the willingness of consumer to spend on healthcare solutions is the major factor driving the omega 3 market in North America and Europe region. The U.S. is the largest market for omega 3. Omega 3 are widely used in pharmaceutical industry owing to its increasing health benefits. Omega 3 are used to treat osteoporosis, depression, cancer, cardiovascular and Alzheimer’s diseases is expected to positively impact the market growth. Asia Pacific is projected to be the fastest growing market owing to increasing consumer awareness, rise in disposable income, and growing old age population particularly in Japan and China and increasing R&D investments by manufacturing companies to develop omega 3 fortified juices, baby food, beverages, dairy products and cooking oils among others.
Historical & Forecast Period
This report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Omega 3 market are as follows:- Research and development budgets of manufacturers and government spending.
- Revenues of key companies in the market segment.
- Number of end users and consumption volume, price and value.
- Geographical revenues generated by countries considered in the report.
- Micro and macro environment factors that are currently influencing the Omega 3 market and their expected impact during the forecast period.
- The market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Type
- ALA (alpha-linolenic acid)
- DHA (docosahexaenoic acid)
- EPA (eicosapentaenoic acid)
Source
- Marine
- Nuts and Seeds
- Vegetable oils
- Soya and Soya Products
Application
- Dietary supplement
- Pharmaceutical
- Infant formula
- Food & Beverages
- Pet Foods
- Fish Feed
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Omega 3 market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Omega 3 market?
- Which is the largest regional market for Omega 3 market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Omega 3 market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Omega 3 market worldwide?
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Table of Contents
1. Preface1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Omega 3 Market
2.2. Global Omega 3 Market, by Type, 2021 (US$ Million)
2.3. Global Omega 3 Market, by Source, 2021 (US$ Million)
2.4. Global Omega 3 Market, by Application, 2021 (US$ Million)
2.5. Global Omega 3 Market, by Geography, 2021 (US$ Million)
2.6. Impact of COVID-19
2.7. Attractive Investment Proposition by Geography, 2021
2.8. Competitive Analysis
2.8.1. Market Positioning of Key Omega 3 Market Vendors
2.8.2. Strategies Adopted by Omega 3 Market Vendors
2.8.3. Key Industry Strategies
3. Omega 3 Market: Business Outlook & Market Dynamics
3.1. Introduction
3.2. Global Omega 3 Market Value, 2020-2030, (US$ Million)
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Restraints
3.3.3. Key Challenges
3.3.4. Key Opportunities
3.4. Impact Analysis of Drivers and Restraints
3.5. See-Saw Analysis
3.6. Porter’s Five Force Model
3.6.1. Supplier Power
3.6.2. Buyer Power
3.6.3. Threat of Substitutes
3.6.4. Threat of New Entrants
3.6.5. Competitive Rivalry
3.7. PESTEL Analysis
3.7.1. Political Landscape
3.7.2. Economic Landscape
3.7.3. Technology Landscape
3.7.4. Legal Landscape
3.7.5. Social Landscape
4. Omega 3 Market: by Type, 2020-2030, USD (Million)
4.1. Market Overview
4.2. Growth & Revenue Analysis: 2021 Versus 2030
4.3. Market Segmentation
4.3.1. ALA (alpha-linolenic acid)
4.3.2. DHA (docosahexaenoic acid)
4.3.3. EPA (eicosapentaenoic acid)
5. Omega 3 Market: by Source, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Marine
5.3.2. Nuts and Seeds
5.3.3. Vegetable oils
5.3.4. Soya and Soya Products
6. Omega 3 Market: by Application, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
6.3.1. Dietary supplement
6.3.2. Pharmaceutical
6.3.3. Infant formula
6.3.4. Food & Beverages
6.3.5. Pet Foods
6.3.6. Fish Feed
7. North America Omega 3 Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Omega 3 Market: by Type, 2020-2030, USD (Million)
7.3. Omega 3 Market: by Source, 2020-2030, USD (Million)
7.4. Omega 3 Market: by Application, 2020-2030, USD (Million)
7.5. Omega 3 Market: by Region, 2020-2030, USD (Million)
7.5.1. North America
7.5.1.1. U.S.
7.5.1.2. Canada
7.5.1.3. Rest of North America
8. UK and European Union Omega 3 Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Omega 3 Market: by Type, 2020-2030, USD (Million)
8.3. Omega 3 Market: by Source, 2020-2030, USD (Million)
8.4. Omega 3 Market: by Application, 2020-2030, USD (Million)
8.5. Omega 3 Market: by Region, 2020-2030, USD (Million)
8.5.1. UK and European Union
8.5.1.1. UK
8.5.1.2. Germany
8.5.1.3. Spain
8.5.1.4. Italy
8.5.1.5. France
8.5.1.6. Rest of Europe
9. Asia Pacific Omega 3 Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Omega 3 Market: by Type, 2020-2030, USD (Million)
9.3. Omega 3 Market: by Source, 2020-2030, USD (Million)
9.4. Omega 3 Market: by Application, 2020-2030, USD (Million)
9.5. Omega 3 Market: by Region, 2020-2030, USD (Million)
9.5.1. Asia Pacific
9.5.1.1. China
9.5.1.2. Japan
9.5.1.3. India
9.5.1.4. Australia
9.5.1.5. South Korea
9.5.1.6. Rest of Asia Pacific
10. Latin America Omega 3 Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. Omega 3 Market: by Type, 2020-2030, USD (Million)
10.3. Omega 3 Market: by Source, 2020-2030, USD (Million)
10.4. Omega 3 Market: by Application, 2020-2030, USD (Million)
10.5. Omega 3 Market: by Region, 2020-2030, USD (Million)
10.5.1. Latin America
10.5.1.1. Brazil
10.5.1.2. Mexico
10.5.1.3. Rest of Latin America
11. Middle East and Africa Omega 3 Market, 2020-2030, USD (Million)
11.1. Market Overview
11.2. Omega 3 Market: by Type, 2020-2030, USD (Million)
11.3. Omega 3 Market: by Source, 2020-2030, USD (Million)
11.4. Omega 3 Market: by Application, 2020-2030, USD (Million)
11.5. Omega 3 Market: by Region, 2020-2030, USD (Million)
11.5.1. Middle East and Africa
11.5.1.1. GCC
11.5.1.2. Africa
11.5.1.3. Rest of Middle East and Africa
12. Company Profiles
12.1. Cargill, Inc.
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. Croda International Plc.
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. FMC Corporation
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. GC Reiber Oils
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives
12.5. LUHUA BIOMARINE (Shadong) Co, Ltd
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Portfolio
12.5.4. Strategic Initiatives
12.6. Royal DSM
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Portfolio
12.6.4. Strategic Initiatives
12.7. Pharma Marine AS
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Portfolio
12.7.4. Strategic Initiatives
12.8. Omega Protein Corporation
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Portfolio
12.8.4. Strategic Initiatives
12.9. Polaris
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Portfolio
12.9.4. Strategic Initiatives
12.10. Olvea Fish Oils
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Portfolio
12.10.4. Strategic InitiativesList of Figures
Figure 1. Global Omega 3 Market: Market Coverage
Figure 2. Research Methodology and Data Sources
Figure 3. Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4. Global Omega 3 Market: Quality Assurance
Figure 5. Global Omega 3 Market, By Type, 2021
Figure 6. Global Omega 3 Market, By Source, 2021
Figure 7. Global Omega 3 Market, By Application, 2021
Figure 8. Global Omega 3 Market, By Geography, 2021
Figure 9. Global Omega 3 Market, By Type, 2021 vs 2030, %
Figure 10. Global Omega 3 Market, By Source, 2021 vs 2030, %
Figure 11. Global Omega 3 Market, By Application, 2021 vs 2030, %
Figure 12. U.S. Omega 3 Market (US$ Million), 2020-2030
Figure 13. Canada Omega 3 Market (US$ Million), 2020-2030
Figure 14. Rest of North America Omega 3 Market (US$ Million), 2020-2030
Figure 15. UK Omega 3 Market (US$ Million), 2020-2030
Figure 16. Germany Omega 3 Market (US$ Million), 2020-2030
Figure 17. Spain Omega 3 Market (US$ Million), 2020-2030
Figure 18. Italy Omega 3 Market (US$ Million), 2020-2030
Figure 19. France Omega 3 Market (US$ Million), 2020-2030
Figure 20. Rest of Europe Omega 3 Market (US$ Million), 2020-2030
Figure 21. China Omega 3 Market (US$ Million), 2020-2030
Figure 22. Japan Omega 3 Market (US$ Million), 2020-2030
Figure 23. India Omega 3 Market (US$ Million), 2020-2030
Figure 24. Australia Omega 3 Market (US$ Million), 2020-2030
Figure 25. South Korea Omega 3 Market (US$ Million), 2020-2030
Figure 26. Rest of Asia Omega 3 Market (US$ Million), 2020-2030
Figure 27. Brazil Omega 3 Market (US$ Million), 2020-2030
Figure 28. Mexico Omega 3 Market (US$ Million), 2020-2030
Figure 29. Rest of Latin America Omega 3 Market (US$ Million), 2020-2030
Figure 30. GCC Omega 3 Market (US$ Million), 2020-2030
Figure 31. Africa Omega 3 Market (US$ Million), 2020-2030
Figure 32. Rest of Middle East and Africa Omega 3 Market (US$ Million), 2020-2030List of Tables
Table 1 Global Omega 3 Market by Type, 2020-2030, USD (Million)
Table 2 Global Omega 3 Market by Source, 2020-2030, USD (Million)
Table 3 Global Omega 3 Market by Application, 2020-2030, USD (Million)
Table 4 North America Omega 3 Market by Type, 2020-2030, USD (Million)
Table 5 North America Omega 3 Market by Source, 2020-2030, USD (Million)
Table 6 North America Omega 3 Market by Application, 2020-2030, USD (Million)
Table 7 UK and European Union Omega 3 Market by Type, 2020-2030, USD (Million)
Table 8 UK and European Union Omega 3 Market by Source, 2020-2030, USD (Million)
Table 9 UK and European Union Omega 3 Market by Application, 2020-2030, USD (Million)
Table 10 Asia Pacific Omega 3 Market by Type, 2020-2030, USD (Million)
Table 11 Asia Pacific Omega 3 Market by Source, 2020-2030, USD (Million)
Table 12 Asia Pacific Omega 3 Market by Application, 2020-2030, USD (Million)
Table 13 Latin America Omega 3 Market by Type, 2020-2030, USD (Million)
Table 14 Latin America Omega 3 Market by Source, 2020-2030, USD (Million)
Table 15 Latin America Omega 3 Market by Application, 2020-2030, USD (Million)
Table 16 Middle East and Africa Omega 3 Market by Type, 2020-2030, USD (Million)
Table 17 Middle East and Africa Omega 3 Market by Source, 2020-2030, USD (Million)
Table 18 Middle East and Africa Omega 3 Market by Application, 2020-2030, USD (Million)
Companies Mentioned
- Cargill Ltd.
- Croda International PLC.
- FMC Corporation
- GC Reiber Oils
- LUHUA BIOMARINE (Shadong) Co Ltd
- Royal DSM
- Pharma Marine AS
- Omega Protein Corporation
- Polaris
- Olvea Fish Oils.
