Product Code: 978-1-68038-079-8
Omega 3 Market Growth & Trends:
The global omega 3 market size is expected to reach USD 4.45 billion by 2030 and register a CAGR of 7.8% from 2023 to 2030, as per the new report by Grand View Research, Inc. This is attributed to the growing utilization of omega-3 fatty acids in pharmaceutical products, dietary supplements, and food & beverages, owing to their exceptional health benefits such as reduced eczema, prevention of heart diseases lowers blood pressure and cholesterol among others. Additionally, rising awareness about healthcare and the prevention of chronic diseases is likely to trigger the demand across end-use industries.
Furthermore, government regulations in various emerging economies encouraging the usage of omega 3 in infant formulations are anticipated to boost the market growth in the coming years. Among the various sources available for omega 3 fatty acids, fish oil accounts for more than 50% market share and is the most widely available dietary source of DHA (Docosahexaenoic acid) and EPA (Eicosapentaenoic acid). The growing consumption of fish oil across the globe is anticipated to positively impact the overall market growth over the forecast period.
In Europe, the demand for omega 3 is anticipated to witness a significant increase over the forecast period due to the rise in the product demand in dietary supplements across developed economies including France, Germany, the U.K., and The Netherlands among others. In Asia Pacific, the rising demand for improved healthcare facilities, coupled with an increase in the number of hospitals and multispecialty clinics across developing countries, is projected to positively impact the growth of the pharmaceutical industry. This, in turn, is anticipated to boost the growth of the market.
The omega 3 market witnessed a slight growth after the outbreak of COVID-19 on the account of the rising consumer preferences for organic food products. There was a shift in the mindset of the consumers regarding their overall health, which led to a significant rise in the demand for nutraceutical products across the globe. The growing demand for nutraceuticals is projected to positively impact the demand for the omega 3 market over the forecast period.
The key players in the market are focusing on offering the right quality products and services at suitable prices and in the required quantities as per the convenience of customers. The prominent market participants are engaged in the expansion of their product portfolios by adopting numerous strategies, primarily mergers & acquisitions. For instance, in August 2021, Aker BioMarine signed an engineering, procurement, and construction contract with GEA Group AG for the delivery of process equipment for its new krill-based protein plant in Norway.
Omega 3 Market Report Highlights:
- Eicosapentaenoic acid (EPA) is the fastest-growing type segment with a CAGR of 8.2%. This is attributable to the growing usage of EPS for treating diabetes, cancer, surgery recovery, and chronic heart diseases among others
- The marine source is the fastest-growing type segment with a CAGR of 8.2%. This is because a vast majority of DHA and EPA omega-3 is found in fish bodies
- The infant formula segment is the fastest-growing type segment with a CAGR of 8.6%. This is due to the increasing demand for DHA supplements among non-lactating mothers and pregnant women across the globe
- Asia Pacific is the fastest-growing region with a CAGR of 8.5%. The growth is majorly driven by the rising demand for packaged baby nutrition formulas among consumers in the region
Table of Contents
Chapter 1 Methodology And Scope
- 1.1 Information Procurement
- 1.1.1 Purchased Database
- 1.1.2 GVR's Internal Database
- 1.1.3 Secondary Sources
- 1.1.4 Third-Party Perspective
- 1.1.5 Primary Research
- 1.2 Information Analysis & Data Analysis Models
- 1.3 List Of Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segmental Outlook
Chapter 3 Omega 3 Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Parent Market Outlook
- 3.1.1.1 Functional Ingredients
- 3.1.1.2 Nutraceuticals And Functional Foods
- 3.1.2 Related Market Outlook
- 3.1.2.1 Fish Oil
- 3.1.2.2 Krill Oil
- 3.2 Penetration & Growth Prospect Mapping
- 3.3 Industry Value Chain Analysis
- 3.3.1 Raw Material Trends
- 3.3.2 Manufacturing Trends
- 3.3.2.1 Omega-3
- 3.3.2.2 Krill Oil
- 3.3.2.3 Outsourcing And Contract Manufacturing Trends
- 3.3.3 Vendor Selection Criteria Analysis
- 3.4 Technology Overview
- 3.4.1 Omega-3
- 3.4.2 Krill Oil
- 3.4.2.1 Multi-Stage Oil Extraction
- 3.5 Regulatory Framework
- 3.5.1 Product Classification Codes
- 3.5.2 Standard & Compliances
- 3.5.3 Safety
- 3.6 Omega 3 Market Dynamics
- 3.6.1 Market Driver Analysis
- 3.6.1.1 Rising Penetration Of Omega 3 In The Active Pharmaceutical Ingredient Market
- 3.6.1.2 Growing Demand For Dietary Supplements
- 3.6.2 Market Restraint Analysis
- 3.6.2.1 Declining Growth Rate Of Fish Production
- 3.6.3 Market Challenge Analysis
- 3.6.3.1 Restricted Supply Of Alternative Sources
- 3.7 Business Environment Analysis
- 3.7.1 Porter's Five Forces Analysis
- 3.7.1.1 Threat Of New Entrants
- 3.7.1.2 Bargaining Power Of Buyers
- 3.7.1.3 Bargaining Power Of Supplier
- 3.7.1.4 Threat Of Substitutes
- 3.7.1.5 Competitive Rivalry
- 3.7.2 Macro Economic Analysis
- 3.7.2.1 Political Landscape
- 3.7.2.2 Environmental Landscape
- 3.7.2.3 Social Landscape
- 3.7.2.4 Technology Landscape
- 3.7.2.5 Economic Landscape
- 3.7.2.6 Legal Landscape
- 3.8 COVID-19 Impact Analysis
Chapter 4 Omega 3 Market: Contract Manufacturing Analysis
- 4.1 CDMO In Omega 3 Industry
- 4.2 List Of Leading CDMO Manufacturers
- 4.3 Upsides Of Adopting CDMO For Omega 3
Chapter 5 Omega 3 Market: Consumer Behavior Analysis
- 5.1 Consumer Trends And Product Adoption
- 5.2 Key Ingredient Supplier Trend Analysis Of Fish Oil And Plant-Based Omega 3
- 5.2.1 List Of Ingredient Suppliers Of Fish Oil
Chapter 6 Omega 3 Market: Type Estimates & Trend Analysis
- 6.1 Type Movement Analysis & Market Share, 2022 & 2030 (%)
- 6.2 Docosahexaenoic Acid (DHA)
- 6.2.1 Market Estimates And Forecasts, By Docosahexaenoic Acid, 2018 - 2030 (Tons) (USD Million)
- 6.3 Eicosapentaenoic Acid (EPA)
- 6.3.1 Market Estimates And Forecasts, By Eicosapentaenoic Acid, 2018 - 2030 (Tons) (USD Million)
- 6.4 Alpha-Linolenic Acid (ALA)
- 6.4.1 Market Estimates And Forecasts, By Alpha-Linolenic Acid, 2018 - 2030 (Tons) (USD Million)
Chapter 7 Omega 3 Market: Source Estimates & Trends Analysis
- 7.1 Source Movement Analysis & Market Share, 2022 & 2030 (%)
- 7.2 Marine Source
- 7.2.1 Market Estimates And Forecasts, By Marine Source, 2018 - 2030 (Tons) (USD Million)
- 7.3 Plant Source
- 7.3.1 Market Estimates And Forecasts, By Plant Source, 2018 - 2030 (Tons) (USD Million)
Chapter 8 Omega 3 Market: Application Estimates & Trends Analysis
- 8.1 Application Movement Analysis & Market Share, 2022 & 2030 (%)
- 8.2 Supplements & Functional Foods
- 8.2.1 Market Estimates And Forecasts, In Supplements & Functional Foods, 2018 - 2030 (Tons) (USD Million)
- 8.3 Pharmaceuticals
- 8.3.1 Market Estimates And Forecasts, In Pharmaceuticals, 2018 - 2030 (Tons) (USD Million)
- 8.4 Infant Formula
- 8.4.1 Market Estimates And Forecasts, In Infant Formula, 2018 - 2030 (Tons) (USD Million)
- 8.5 Animal Feed & Pet Food
- 8.5.1 Market Estimates And Forecasts, In Animal Feed & Pet Food, 2018 - 2030 (Tons) (USD Million)
- 8.6 Others
- 8.6.1 Market Estimates And Forecasts, In Others, 2018 - 2030 (Tons) (USD Million)
Chapter 9 Omega 3 Market: Regional Estimates & Trends Analysis
- 9.1 Regional Movement & Market Share Analysis, 2022 & 2030
- 9.2 North America
- 9.2.1 North America Omega 3 Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 9.2.2 North America Market Estimates And Forecasts, By Type, 2018 - 2030 (Tons) (USD Million)
- 9.2.3. North America Market Estimates And Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
- 9.2.4 North America Market Estimates And Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
- 9.2.5 U.S.
- 9.2.5.1 U.S. Omega 3 Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 9.2.5.2 U.S. Market Estimates And Forecasts, By Type, 2018 - 2030 (Tons) (USD Million)
- 9.2.5.3 U.S. Market Estimates And Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
- 9.2.5.4 U.S. Market Estimates And Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
- 9.2.6 Canada
- 9.2.6.1 Canada Omega 3 Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 9.2.6.2 Canada Market Estimates And Forecasts, By Type, 2018 - 2030 (Tons) (USD Million)
- 9.2.6.3 Canada Market Estimates And Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
- 9.2.6.4 Canada Market Estimates And Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
- 9.2.7 Mexico
- 9.2.7.1 Mexico Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 9.2.7.2 Mexico Market Estimates And Forecasts, By Type, 2018 - 2030 (Tons) (USD Million)
- 9.2.7.3 Mexico Market Estimates And Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
- 9.2.7.4 Mexico Market Estimates And Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
- 9.3 Europe
- 9.3.1 Europe Omega 3 Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 9.3.2 Europe Market Estimates And Forecasts, By Type, 2018 - 2030 (Tons) (USD Million)
- 9.3.3. Europe Market Estimates And Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
- 9.3.4. Europe Market Estimates And Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
- 9.3.5 Germany
- 9.3.5.1 Germany Market Estimates And Forecasts, 2018 - 2030 (Tons) USD Million)
- 9.3.5.2 Germany Market Estimates And Forecasts, By Type, 2018 - 2030 (Tons) (USD Million)
- 9.3.5.3 Germany Market Estimates And Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
- 9.3.5.4 Germany Market Estimates And Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
- 9.3.6 U.K.
- 9.3.6.1 U.K. Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 9.3.6.2 U.K. Market Estimates And Forecasts, By Type, 2018 - 2030 (Tons) (USD Million)
- 9.3.6.3 U.K. Market Estimates And Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
- 9.3.6.4 U.K. Market Estimates And Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
- 9.3.7 France
- 9.3.7.1 France Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 9.3.7.2 France Market Estimates And Forecasts, By Type, 2018 - 2030 (Tons) (USD Million)
- 9.3.7.3 France Market Estimates And Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
- 9.3.7.4 France Market Estimates And Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
- 9.3.8 Italy
- 9.3.8.1 Italy Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 9.3.8.2 Italy Market Estimates And Forecasts, By Type, 2018 - 2030 (Tons) (USD Million)
- 9.3.8.3 Italy Market Estimates And Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
- 9.3.8.4 Italy Market Estimates And Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
- 9.3.9 Norway
- 9.3.9.1 Norway Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 9.3.9.2 Norway Market Estimates And Forecasts, By Type, 2018 - 2030 (Tons) (USD Million)
- 9.3.9.3 Norway Market Estimates And Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
- 9.3.9.4 Norway Market Estimates And Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
- 9.3.10 Netherlands
- 9.3.10.1 Netherlands Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 9.3.10.2 Netherlands Market Estimates And Forecasts, By Type, 2018 - 2030 (Tons) (USD Million)
- 9.3.10.3 Netherlands Market Estimates And Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
- 9.3.10.4 Netherlands Market Estimates And Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
- 9.3.11 Spain
- 9.3.11.1 Spain Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 9.3.11.2 Spain Market Estimates And Forecasts, By Type, 2018 - 2030 (Tons) (USD Million)
- 9.3.11.3 Spain Market Estimates And Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
- 9.3.11.4 Spain Market Estimates And Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
- 9.4 Asia Pacific
- 9.4.1 Asia Pacific Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 9.4.2. Asia Pacific Market Estimates And Forecasts, By Type, 2018 - 2030 (Tons) (USD Million)
- 9.4.3 Asia Pacific Market Estimates And Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
- 9.4.4 Asia Pacific Market Estimates And Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
- 9.4.5 China
- 9.4.5.1 China Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 9.4.5.2 China Market Estimates And Forecasts, By Type, 2018 - 2030 (Tons) (USD Million)
- 9.4.5.3 China Market Estimates And Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
- 9.4.5.4 China Market Estimates And Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
- 9.4.6 India
- 9.4.6.1 India Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 9.4.6.2 India Market Estimates And Forecasts, By Type, 2018 - 2030 (Tons) (USD Million)
- 9.4.6.3 India Market Estimates And Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
- 9.4.6.4 India Market Estimates And Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
- 9.4.7 Japan
- 9.4.7.1 Japan Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 9.4.7.2. Japan Market Estimates And Forecasts, By Type, 2018 - 2030 (Tons) (USD Million)
- 9.4.7.3 Japan Market Estimates And Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
- 9.4.7.4 Japan Market Estimates And Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
- 9.4.8 Australia
- 9.4.8.1 Australia Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 9.4.8.2 Australia Market Estimates And Forecasts, By Type, 2018 - 2030 (Tons) (USD Million)
- 9.4.8.3 Australia Market Estimates And Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
- 9.4.8.4 Australia Market Estimates And Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
- 9.4.9 New Zealand
- 9.4.9.1 New Zealand Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 9.4.9.2 New Zealand Market Estimates And Forecasts, By Type, 2018 - 2030 (Tons) (USD Million)
- 9.4.9.3 New Zealand Market Estimates And Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
- 9.4.9.4 New Zealand Market Estimates And Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
- 9.5 Central & South America
- 9.5.1 Central & South America Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 9.5.2 Central & South America Market Estimates And Forecasts, By Type, 2018 - 2030 (Tons) (USD Million)
- 9.5.3 Central & South America Market Estimates And Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
- 9.5.4. Central & South America Market Estimates And Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
- 9.5.4 Brazil
- 9.5.4.1 Brazil Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 9.5.4.2 Brazil Market Estimates And Forecasts, By Type, 2018 - 2030 (Tons) (USD Million)
- 9.5.4.3 Brazil Market Estimates And Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
- 9.5.4.4 Brazil Market Estimates And Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
- 9.5.5 Argentina
- 9.5.5.1 Argentina Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 9.5.5.2 Argentina Market Estimates And Forecasts, By Type, 2018 - 2030 (Tons) (USD Million)
- 9.5.5.3 Argentina Market Estimates And Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
- 9.5.5.4 Argentina Market Estimates And Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
- 9.6 Middle East & Africa
- 9.6.1 Middle East & Africa Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 9.6.2. Middle East & Africa Market Estimates And Forecasts, By Type, 2018 - 2030 (Tons) (USD Million)
- 9.6.3. Middle East & Africa Market Estimates And Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
- 9.6.4. Middle East & Africa Market Estimates And Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
- 9.6.5 UAE
- 9.6.5.1 UAE Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 9.6.5.2 UAE Market Estimates And Forecasts, By Type, 2018 - 2030 (Tons) (USD Million)
- 9.6.5.3 UAE Market Estimates And Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
- 9.6.5.4 UAE Market Estimates And Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
Chapter 10 Omega-3 Market - Competitive Analysis
- 10.1 Key Global Players, Recent Developments & Their Impact On The Industry
- 10.2 Key Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
- 10.3 Vendor Landscape
- 10.3.1 List Of Key Distributors, Channel Partners & End Users
- 10.3.2 Key Customers
- 10.4 Company Market Ranking Analysis, 2022
- 10.5 Public Companies
- 10.5.1 Company Market Position Analysis
- 10.5.2 Competitive Dashboard Analysis
- 10.5.2.1 Market Differentiators
- 10.5.3 SWOT Analysis
- 10.6 Private Companies
- 10.6.1 List Of Key Emerging Companies/Technology Disruptors/Innovators
- 10.6.2 Geographical Presence
- 10.6.3 Company Market Position Analysis
Chapter 11 Company Profiles
- 11.1 Aker Biomarine Antarctic AS
- 11.1.1 Company Overview
- 11.1.2 Financial Performance
- 11.1.3 Product Benchmarking
- 11.1.4 Strategic Initiatives
- 11.2 Orkla
- 11.2.1 Company Overview
- 11.2.2 Financial Performance
- 11.2.3 Product Benchmarking
- 11.2.4 Strategic Initiatives
- 11.3 BASF SE
- 11.3.1 Company Overview
- 11.3.2 Financial Performance
- 11.3.3 Product Benchmarking
- 11.3.4 Strategic Initiatives
- 11.4 Omega Protein Corporation
- 11.4.1 Company Overview
- 11.4.2 Financial Performance
- 11.4.3 Product Benchmarking
- 11.5 GC Reiber Oils
- 11.5.1 Company Overview
- 11.5.2 Financial Performance
- 11.5.3 Product Benchmarking
- 11.5.4 Strategic Initiatives
- 11.6 Lonza
- 11.6.1 Company Overview
- 11.6.2 Financial Performance
- 11.6.3 Product Benchmarking
- 11.7 Croda International Plc
- 11.7.1 Company Overview
- 11.7.2 Financial Performance
- 11.7.3 Product Benchmarking
- 11.8 EPAx
- 11.8.1 Company Overview
- 11.8.2 Financial Performance
- 11.8.3 Product Benchmarking
- 11.8.4 Strategic Initiatives
- 11.9 BioProcess Algae, LLC
- 11.9.1 Company Overview
- 11.9.2 Financial Performance
- 11.9.3 Product Benchmarking
- 11.10 DSM
- 11.10.1 Company Overview
- 11.10.2 Financial Performance
- 11.10.3 Product Benchmarking