Global Omega-3 Market
The Global Omega-3 Market was valued at USD 1812.0 Mn in 2021 which is expected to reach 3815.7 Mn by 2027 at a CAGR 11.70% from 2022-2027.
Omega-3 is a portion of fats which is essential for health; the fats are divided into alpha-linolenic-acid, docosahexaenoic acid and eicosapentaenoic acid. Omega-3 Fatty Acid is used to lower the risk of heart disease and stimulate the healthy skin. DHA & EPA are omega-3 long chain that is seen in cold water fish, alga oil fatty layer of shellfish, fortified foods, plants and nuts oil. Omega-3 plentiful foods are trout, catfish halibut, tuna, canola oils, walnut, salmon, shrimps, cod, sardines, spinach, and herring. Omega-3 Fatty Acids are utilized for normal function of cells, organs, muscles, and nerves, and also for the production of hormone-like compounds which maintain blood clotting, blood pressure and heart rate.
Market Drivers
The Major component accountable for raised product consumption together with increasing incident of cardiovascular diseases (CVDs) and changing dietary habits. The growing seriousness of immunity enhancement post COVID-19 Pandemic has further nourished the driving force for the market. The rising participation of omega-3 components in the diet to maintain heart and brain health is expected to boost product demand. The oscillating lifestyle combined with rush in cases of chronic diseases has boosted the growth of omega-3 industry. One of the notable factors bearing omega-3 market growth is the growing technological advancement which increase the delivery and absorption of these substance in the body. Moreover, development in processing technique that warrant the extraction of omega-3 from novel sources will fuel the demand for the product.
Market Restraints
Unbalanced fish capturing and rise in demand for fish from additional application sources decrease their availability at a lower cost, restraining market growth. Rising environmental, metal, and hazardous pollutants in fish are forming them toxic for consumption which anticipated to limit the growth of Omega-3 market. Also, raised regulation on fishing activities to protect fish species are anticipated to have an influence on the industry’s raw material supply.
Market Segmentation
The Global Omega-3 Market is segmented into Types, Application, Sources. By Types such as Eicosapentaenoic acid (EPA), Docosahexaenoic acid (DHA), Alpha-linolenic acid (ALA). By Application such as Pharmaceuticals, Pet food and feed, Dietary supplements, Infant formula, Functional food and beverages, Others. By Sources such as Plant Source, Vegetable Oil, Nuts and Seeds, Soy, Marine Source
(Algal Oil, Fish Oil, Krill Oil, Others), Others.
Regional Analysis
The Global Omega-3 Market is segmented into into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is anticipated to influence the Omega-3 market during the forecast period due to high awareness about the lifestyle curvature and people taking preventive healthcare measures, the EPA & DHA are the part of consumer’s regular diet. Europe is anticipated to observe the remarkable growth in the global Omega-3 market during the upcoming period. The presence of leading players and its new product launch rises the demand of the Omega-3 in this region. Asia Pacific is expected to exhibit a uniform growth in the Global Omega-3 Market due to the rising awareness of customers about advantages of Omega-3 in this region.
Key Players
Various Key Players are listed in this report such as Omega Protein Corporation, Aker BioMarine, Arch Pharmalabs , BASF SE, GC Reiber Oils, Axellus, Lonza, DSM, Koninklijke DSM N.V., others.
Market Taxonomy
By Types
By Application
By Sources
By Region
Global Omega-3 Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Omega-3 Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Omega-3 Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Omega-3 Market Share Analysis, By Type
5.3 Global Omega-3 Market Size and Forecast, By Type
5.3.1 Eicosapentaenoic acid (EPA)
5.3.2 Docosahexaenoic acid (DHA)
5.3.3 Alpha-linolenic acid (ALA).
6 Global Omega-3 Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Omega-3 Market Share Analysis, By Application
6.3 Global Omega-3 Market Size and Forecast, By Application
6.3.1 Pharmaceuticals
6.3.2 Pet food and feed
6.3.3 Dietary supplements
6.3.4 Infant formula
6.3.5 Functional food and beverages
6.3.6 Others.
7 Global Omega-3 Market, By Sources
7.1 Y-o-Y Growth Comparison, By Sources
7.2 Global Omega-3 Market Share Analysis, By Sources
7.3 Global Omega-3 Market Size and Forecast, By Sources
7.3.1 Plant Source
7.3.2 Vegetable Oil
7.3.3 Nuts and Seeds
7.3.4 Soy
7.3.5 Marine Source
7.3.5.1 Algal Oil
7.3.5.2 Fish Oil
7.3.5.3 Krill Oil
7.3.5.4 Others
7.3.6 Others.
8 Global Omega-3 Market, By Region
8.1 Global Omega-3 Market Share Analysis, By Region
8.2 Global Omega-3 Market Share Analysis, By Region
8.3 Global Omega-3 Market Size and Forecast, By Region
9 North America Omega-3 Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Omega-3 Market Share Analysis, By Type
9.3 North America Omega-3 Market Size and Forecast, By Application
9.4 North America Omega-3 Market Size and Forecast, By Sources
9.5 North America Omega-3 Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Omega-3 Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Omega-3 Market Share Analysis, By Type
10.3 Europe Omega-3 Market Size and Forecast, By Application
10.4 Europe Omega-3 Market Size and Forecast, By Sources
10.5 Europe Omega-3 Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4. Rest of Europe
11 Asia Pacific Omega-3 Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Omega-3 Market Share Analysis, By Type
11.3 Asia Pacific Omega-3 Market Size and Forecast, By Application
11.4 Asia Pacific Omega-3 Market Size and Forecast, By Sources
11.5 Asia Pacific Omega-3 Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Omega-3 Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Omega-3 Market Share Analysis, By Type
12.3 Latin America Omega-3 Market Size and Forecast, By Application
12.4 Latin America Omega-3 Market Size and Forecast, By Sources
12.5 Latin America Omega-3 Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Omega-3 Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Omega-3 Market Share Analysis, By Type
13.3 Middle East Omega-3 Market Size and Forecast, By Application
13.4 Middle East Omega-3 Market Size and Forecast, By Sources
13.5 Middle East Omega-3 Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Aker Biomarine
15.1.1 Overview
15.1.2 Types
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Arch Pharmalabs
15.2.1 Overview
15.2.2 Types
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 BASF SE
15.3.1 Overview
15.3.2 Types
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 GC Reiber Oils
15.4.1 Overview
15.4.2 Types
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Axellus
15.5.1 Overview
15.5.2 Types
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Lonza
15.6.1 Overview
15.6.2 Types
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 DSM
15.7.1 Overview
15.7.2 Types
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Koninklijke DSM N.V.
15.8.1 Overview
15.8.2 Types
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
