Global Omega 3 Market, By Product Type (DHA, EPA, and ALA), By Applications (Dietary Supplements, Functional Foods & Beverages, Pharmaceuticals, Infant Formula, and Pet Food & Feed), By Source (Marine and Plant), By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa); Trend Analysis, Competitive Market Share & Forecast, 2016-2026

Global Omega 3 Market – Market Forecast & Trends

The global omega 3 markets were valued at USD 3,924 million in 2019 and might grow at a CAGR of 9.71 % during the forecast period; rising demand from end-users and increasing consciousness among customers concerning healthy intake health welfares of omega-3 are the critical drivers of the global omega-3 market. The industry is proven by the ω-3 fatty acids market and n-3 fatty acids market sections, contributing considerably to the omega-three fatty acids market size. However, severe regulation fences and high costs are likely to hinder the market growth. Besides, Asia-Pacific is projected to register significant development as likened to North America and Europe's saturated markets. The omega-3 fish oil market might decline due to the low cost of vegetative bases such as vegetable oil, soy products, nuts & seeds. The making from these vegetative sources is predictable to be commercialized from 2017.

The fish oil omega-3 market is ambitious by the research and growth efforts channelized toward refining the procurement rehearses, augmenting the mining process of omega-3 fatty acids, and sustainably streamlining the entire value chain of the industry.

Health experts worldwide have substantially raised the recommended daily dietary intake of omega-3 fatty acids because fish oil consumption has undoubtedly increased. The increase in apparent health benefits of omega-3 fatty acids, for which fish oil is the primary extraction source, is also motivating the market.

Global Omega 3 Market – Overview

Omega-3 progressively finds use in nutritional supplements, functional foods & beverages, pharmaceuticals, pet food and feed, infant formula. Dietary supplements are projected to reason for the leading market due to the fast-paced and busy lifestyles. Customers prefer intaking nutritional supplements to make sure that they get their outstanding share of nutrients, and omega-3 supplements are used to advance the health and presentation, wherein athletes are advised adequate intake of omega-3 fatty acids for a healthy and fit body.

Growth Drivers

Extensive application of omega 3 in the pharmaceutical industry

Extensive scale application of omega 3 in the pharmaceutical industry can drive the pharmaceuticals request section in the forthcoming years. Omega 3 is used for its anti-inflammatory properties and the cure of depression, cancer, Alzheimer’s, osteoporosis, and cardiovascular diseases. Moreover, increasing omega 3 in producing pharma-grade capsules to treat obesity is expected to drive the segment.

Rising health awareness among people

Growing consciousness concerning the decline in calorie intake among gym specialists and athletes in several countries, including China, Italy, India, and the U.S., is likely to endorse the usage of omega 3 in sports supplements and useful food products.

Increasing diseases due to an inactive lifestyle

Additionally, functional foods are chiefly expended to safeguard the consumption of nutritional constituents significant for the human body. Increasing incidences of cardiovascular diseases due to the lazy and slow lifestyle, exclusively among the age group of 30 to 40 years, and changeable dietary designs are the factors predictable to push the importance of omega 3-based nutraceutical products the market over the next few years.

Global Omega 3 Market: Segmentation

Based on product type, the Omega 3 market falls into DHA, EPA, and ALA. Docosahexaenoic acid (DHA) held a significant share in the market. This participation is due to amplified reasoning functionalities of omega-3 that are attaining consumer attention. DHA plays a dynamic role in developing and developing the baby brain and for the usual operative of adult brains. Due to these factors, it is amid the most favored types of omega-3.

Because of Application, the global omega 3 market falls into Dietary Supplements, Functional Foods & Beverages, Pharmaceuticals, Infant Formula, and Pet Food & Feed. The dietary supplements segment is predicted to account for the market's significant share during the estimated period. Though many food products are rich in omega-3, since the amount of omega-3 in such products is not adequate, the consumers these days have started intaking capsules for omega-3. By overwhelming such supplements, a sufficient amount of omega-3 can be absorbed and controlled. Besides, they are easy to ingest to ensure the necessary amount of daily intake is met.

Based on the source, the global omega 3 market falls into Marine and Plant. The marine source of omega-3 fatty acids grips the main share because of the significant EPA and DHA content in the oily fishes like tuna and salmon. Many manufacturers are also creating marine-based omega-3 to meet the increasing request for EPA and DHA, which are not plentifully present in other plant-based sources.

The omega 3 market is geographically divided into North America, Europe, Asia-Pacific, and LAMEA regions. North America region had the primary need for the specialty enzymes in 2014 due to the presence of numbers of biopharmaceutical companies in the U.S. and favorable government regulations.

Global Omega 3 Market: Regional insights

The change in consumer preference toward a healthy diet, including omega-3 constituents and fish oil in Asia-Pacific, is predictable to uplift the sales. China is the third-largest market for EPA and DHA oils in the global. Customers in China mostly get their omega-3s from fish, supplements, and heartened foods. Omega-3 sourced from fish oil controls the dietary supplements sector, while algal DHA oil leads in the encouraged food and drink industry. Cooking oil, eggs, and health drinks are few prevalent fortified omega-3 products in the Indian market. Over the last period, consumer request has increased, as more Australians recognize algal oils' welfares for refining joint, circulatory health, and fighting depression.

Competitive Landscape

Cargill, Incorporated, FMC Corporation, Croda International Plc, Royal DSM, OLVEA Fish Oils, Omega Protein Corporation, GC Rieber Oils, Luhua Biomarine (Shandong) Co., Ltd., Pharma Marine AS, and Polaris, and other prominent players.

Recent Development

Ø  In October 2019, KD Pharma (Germany) introduced Kardio3, a blend of omega-3, vitamin K2, and phytosterols. It helps in preserving fit lipids and funds heart and bone fitness.

Ø  In September 2019, Epax (Norway) proclaimed an investment of USD 35 million over the next two years for its Omega-3 sector's novelty. This venture will allow Epax to have better capacity in the omega-3 industry at its leading production site in Norway. It will facilitate the prolonged attentiveness of EPA and DHA without encouragement oxidation, eventually avoiding unwelcome by-products.

Ø  By Product Type

Ø  Docosahexaenoic acid (DHA)

Ø  Eicosapentaenoic acid (EPA)

Ø  Alpha-linolenic acid (ALA)

Based on product type, the Omega 3 market falls into DHA, EPA, and ALA. Docosahexaenoic acid (DHA) held a significant share in the market. This division is due to amplified reasoning functionalities of omega-3 that are attaining consumer attention. DHA plays a dynamic role in developing and developing the baby brain and its usual operative of adult brains. Due to these factors, it is amid the most favored types of omega-

Ø  By Application

Ø  Dietary Supplements

Ø  Functional Foods & Beverages

Ø  Pharmaceuticals

Ø  Infant Formula

Ø  Pet Food & Feed

Ø  By Source

ØMarine

ØPlant

Ø  By Region

ØNorth America

ØEurope

ØAsia Pacific

ØSouth America

ØMiddle East & Africa

The objective of the Study:

Ø  To analyze and forecast the Global Omega 3 market size of the market in terms of value.

Ø  To examine the careful market segmentation and forecast the market size, in terms of value, based on the region by segmenting.

Ø  The Global Omega 3 market segmented into five regions: North America, Europe, Asia Pacific, Middle East, South America, and their leading countries.

Ø  To outline, categorized, and forecast the Global Omega 3 markets based on the Product Type, Application, By Source, and Regional.

Ø  To examine competitive developments like Product Type, By Application, By Source, Region within the Global Omega 3 market.

Ø  To highlight the impact analysis of the factors affecting market dynamics, such as growth drivers.

Ø  To strategically profile the key players and comprehensively analyze their market shares and detail the competitive landscape for market leaders.

Business Questions Answer by the Report

Ø  How will the market drivers, restraints, and Do opportunities affect the market dynamics?

Ø  What will be the market size in terms of value and volume and market statistics with a detailed classification?

Ø  Which segment dominates the market or region, and one will be the fastest-growing, and why?

Ø  A comprehensive survey of the competitive landscape and the market participant players

Ø  Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority, and that is why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

Ø  With five additional company detail analysis

Ø  Additional country analysis

Ø  Detailed segment analysis