The human body is not capable of producing some fatty acids on its own.
Omega-3 is an essential fatty acid that the body requires for maintaining
optimal health. Omega-3 can be derived only from foods such as vegetable oils,
fish, walnuts, leafy greens, etc. Omega-3 is increasingly used in manufacturing nutritional
supplements, functional foods & beverages, pharmaceuticals, pet food, and animal
feed, and infant food.Omega-3 family of
essential fatty acids that provides numerous health benefits to the body. Consumers
prefer consuming omega-3 supplements to make sure they get their outstanding
share of nutrients.Omega-3 supplements have the potential to advance health.
Even athletes are advised to consume adequate omega-3 fatty acids to maintain a
healthy and fit body.
Global Omega-3: Forecast and Trends
Application of Omega-3 In The Pharmaceutical Industry
Extensive use of omega-3 in the
pharmaceutical industry can drive the growth of the pharmaceuticals sector in
the forthcoming years.Omega-3 is
used for its anti-inflammatory properties and its potential of controlling depression, cancer,
Alzheimer’s disease, osteoporosis, and cardiovascular diseases. Furthermore,
increasing usage of omega-3for
manufacturing pharma-grade capsules to treat obesity is likely to drive the growth
of the segment. The Global Organization for EPA and DHA Omega-3s (GOED)is currently in the final stages of creating a massive searchable clinical study database consisting of over 42,000 published studies on EPA (eicosapentaenoic
acid) and DHA (docosahexaenoic acid), including more than 4,000 human clinical
trials. This factor will play a major role in driving the overall market growth.
Health Awareness Among People
EPA and DHA in the blood are measured by the omega-3
index test, mainly the red blood cell membranes. For instance, according to
Omegaquant if an individual has 64 fatty acids in a cell membrane and 3 are EPA
and DHA, then they would have an Omega-3 Index of 4.6%. High Risk = <4%,
intermediate risk = 4–8% and low risk = >8%. People with chronic diseases
are at higher risk of mortality. Consumers who are including omega-3 in their daily
diet are likely to have less mortality rate. The role of omega-3 in improving
survival and well-being is encouraging more and more consumers to include
omega-3 in their diet, which in turn, is driving the market growth. Regular
consumption of omega-3 has several health benefits. In addition, omega-3 consists
of essential nutrients which are vital for our health further fueling the global
omega-3 market growth.
Lack of awareness Among
Consumers AboutProper Intake
In the absence of officially
prescribed doses, the intake of omega-3 in the form of dietary supplements and
fortified foods & beverages often repel consumers from consuming omega-3.The exact normal dose of
omega-3 for daily consumption is not yet clear, despite substantial scientific
studies undertaken by governments and non-governmental organizations. Thus, the
increasing confusion about the recommended intake of omega-3 among consumers is
impeding the market growth. Omega-3 is a significant food supplement that helps
reduce the risk of heart attacks and autoimmune diseases besides enhancing
brain function. Consumption of inadequate doses of omega-3 can result in very
little or no health benefits. The situation is more critical in emerging
economies such as India, China, Brazil, and Argentina, where consumers lack knowledge
and a strong health care system. These are a few factors impeding the market
Impact of COVID-19
in the industry
The global omega-3 market has shown a sudden
rise in market demand due to COVID-19. The pandemic has severely affected several
industry players with regard to business and functional parameters. As soon as
the World Health Organization (WHO) declared the novel coronavirus (COVID-19)
as a pandemic, countries across the globe were compelled to enforce nationwide
lockdown to prevent the spread of the virus. This has severely impacted
manufacturing besides disrupting the supply chains. However, there was growth in
demand for omega-3 across the globe as people were more concerned about their
health and fitness.
health-oriented product manufacturers, mainly dietary supplement manufactures have
been witnessing a potential demand in the market amidst COVID-19.
The global omega-3 market has been thriving with the increase in consumer awareness
aboutthe immunity-boosting omega-3 products. In
addition, its efficiency in fighting the deadly COVID-19 virus is surging the
demand for the global omega-3 market, including omega-3 products.
Global Omega-3: By
Based on product type, the omega 3 market is categorized into DHA, EPA, and a la.
Docosahexaenoic acid (DHA) accounted for a significant share in the market in
2020. DHA plays a dynamic role in developing the brain of infants and in regulating the function of an adult’s brain. Due to these factors, it is the most favored
product type in this respective segment.Additionally, DHA ingredients are used in treating diabetes, dementia,
and cardiovascular disease. It is also used for improving vision, preventing
eye disease, preventing and treating depression further fueling the demand for
DHA in this segment.
Global Omega-3: By
Based on application, the market is segmented into dietary supplements, functional foods & beverages, pharmaceuticals, infant formula, and pet food & animal feed. The dietary supplements segment holds the
largest share in the market and is likely to grow during the forecast period. Nowadays
consumers prefer consuming omega-3 capsules as their staple food items consist of an inadequate amount of omega-3, which fails to fulfill the demand of the
body. Omega-3 supplements are easy to ingest and their regular consumption provides
consumers with countless health benefits. The growth of the global omega-3 market can be attributed to the fact
that omega-3 is highly effective in the treatment of a variety of health conditions,
including depression, bone loss, menstrual health, and mental health. This has
paved the way for omega-3 to be utilized in dietary supplements in the application segment.
Market: By Source
Based on sources,
the global omega-3 market is fragmented into marine and plant. The marine source
of omega-3 fatty acids grips the main share in the market and is likely to
dominate the market in the forecast period. This growth can be attributed to the significant EPA and DHA content in oily fishes like tuna
and salmon. Many manufacturers are also creating marine-based omega-3 to meet
the increasing demand for EPA and DHA, which are not abundantly present in
other plant-based sources.
Consequently, this is creating a lucrative opportunity in the market.
Omega-3Market: Regional Insights
global omega-3 market is segmented into five regions North America, Europe,the Asia-Pacific, Latin America, and the Middle East & Africa.The
Asia-Pacific accounts for the highest share in 2020 and likely to dominate in
the forecasted period. The change in
consumer preference toward a healthy diet, including omega-3 constituents and
fish oil in the Asia-Pacific, is likely to uplift sales. China is the
third-largest market for EPA and DHA oils globally.Customers
in China mostly derive their omega-3 intake from fish and health supplements.Omega-3
sourced from fish oil controls the dietary supplements sector, while algal DHA
oil leads the thriving food and beverage industry.
Key Players for the Omega-3Market Include: 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
market players are entering into collaborations and engaging in mergers &
acquisitions to capture a greater market share. Furthermore, the market
participants are focused on improving their product quality to attain a
competitive edge over other players.
In May 2020, DSM has
expanded its nutrition portfolio with ARA and DHA powder, specially designed for
infant nutrition. This powder contains a minimum of 110 mg DHA and ARA.
Furthermore, it is sourced from sustainable vegetarian DHA omega-3 and ARA
omega-6 to meet the global sustainable demands.
In August 2019, Cargill’s sustainable
plant-based alternative to omega-3 fish oil got approved for US cultivation.
Now aquaculture farmers have access to a sustainable, plant-based source of
long-chain omega-3 fatty acids for aquafeed.
Scope of the
Historical data – 2017-2019
Base Year – 2020
Forecast – 2021 – 2027
Revenue in USD Billion
U.S, Canada, Germany, UK, France, Italy,
Spain, Brazil, Mexico, Japan, South Korea, China, India, Argentina, AUAE,
South Africa, Saudi Arabia
type, application, source, and region
Key Players for the Omega-3Market Include: 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.
Scope of the
By Product Type:
Ø Dietary Supplements
Ø Functional Foods & Beverages
Ø Infant Formula
Ø Pet Food & Feed
Ø The Asia-Pacific
Ø North America
Ø The Middle-East & Africa
Ø Latin America