Reports

Global Omega 3 Market: By Source: Marine Source, Plant source, By Product Type: Docosahexaenoic Acid (DHA), Alpha-linolenic Acid (ALA), Eicosapentaenoic Acid (EPA), Others; By Distribution Channel; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments

Global Omega 3 Market Outlook

The global omega 3 market reached a value of about USD 2.81 billion in 2020. The market is further expected to grow at a CAGR of 8% in the forecast period of 2023-2028.

 

Global Omega 3 Market

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Growing Demand for Fish Oil to Augment the Omega 3 Industry Growth

Based on source, the fish oil segment under the marine sector accounts for a significant share in the omega 3 industry. The high content of EPA (eicosapentaenoic acid) and DHA (docosahexaenoic acid) present in fish oil are responsible for driving the market growth. The species like anchovies and sardines are rich in omega-3 fatty acids and other species like tuna and salmon are also a popular choice among manufacturers. In addition, the increase in demand for medication with fish oil, increasing prevalence of chronic diseases, and the health benefits it offers are also contributing to the market growth.

 

The Asia Pacific Region to Provide Enhanced Growth Opportunities to the Omega 3 Industry

Region-wise, the Asia Pacific is expected to witness a robust growth over the forecast period owing to the high demand for fortified food in the region. Furthermore, countries like China, India, and South Korea are expected to significantly contribute to the industry growth due to the growing food supplement market in the regions.

 

Omega 3: Market Segmentation

Omega 3 is a class of essential fatty acids found in fish oils. It helps to lower blood cholesterol and LDL (low-density lipoprotein) levels, especially those of salmon and other cold-water fish. (The "bad" cholesterol is LDL cholesterol.) The two principal omega-3 fatty acids are EPA (eicosapentaenoic acid) and DHA (docosahexaenoic acid).

 

Global Omega 3 Market By Product Type

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By source, the market is divided into:

  • Marine Source
    • Fish Oil
    • Algal Oil
    • Krill Oil
    • Others
  • Plant Source
    • Nuts and Seeds
    • Vegetable Oil
    • Soy
    • Others 

Based on product type, the market is categorised into:

  • Docosahexaenoic Acid (DHA) 
  • Alpha-linolenic Acid (ALA)  
  • Eicosapentaenoic Acid (EPA) 
  • Others

By distribution channel, the market is segmented into:

  • Hypermarkets and Supermarkets
  • Pharmacies and Drug Stores
  • Online
  • Others

On the basis of application, the market is categorised into:

  • Dietary Supplements
  • Pharmaceuticals 
  • Animal Feed and Pet Food
  • Food and Beverage 
  • Infant Formulas 
  • Others 

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Omega 3 Market By Region

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Rise in Prevalence of Diseases to Bolster the Growth of the Omega 3 Industry

With the growth in people being forced to choose a sedentary lifestyle because of work, more and more people are getting affected by chronic as well as lifestyle disorders. The rise in the prevalence of diseases such as heart and joint inflammation, combined with the increase in population globally, is likely to increase the demand for medication and food products containing omega 3 fatty acids. This will lead to the growth of the market. Further, the increase in demand for DHA and EPA in diet has impacted the industry in a positive way. Even though there are many benefits related to fish oil, the cost of the supplement is quite high and unstable because of the high price of fishes used as an ingredient. Thus, this may hinder the growth of the omega 3 industry.

Over the forecast period, growth of the food supplement industry and the rising awareness about the benefits of fish oil are expected to favour the industry growth. The worldwide increase in the number of people affected by cardiovascular diseases is expected to aid the industry growth in the coming years.

 

Key Industry Players in the Global Omega 3 Market

The report gives a detailed analysis of the following key players in the global omega 3 market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Cargill Incorporated 
  • Reckitt Benckiser Group plc  
  • Aker Biomarine Antarctic As    
  • BASF SE 
  • Omega Protein Corporation 
  • Unilever Plc 
  • Koninklijke DSM N.V.   
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Source, Product Type, Distribution Channel, Application, Region
Breakup by Source Marine Source, Plant source
Breakup by Product Type Docosahexaenoic Acid (DHA), Alpha-linolenic Acid (ALA), Eicosapentaenoic Acid (EPA), Others
Breakup by Distribution Channel Hypermarkets and Supermarkets, Pharmacies and Drug Stores, Online, Others
Breakup by Application Dietary Supplements, Pharmaceuticals, Animal Feed and Pet Food, Food and Beverage, Infant Formulas, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends-Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Cargill Incorporated, Reckitt Benckiser Group plc.,  Aker Biomarine Antarctic As, BASF SE, Omega Protein Corporation, Unilever Plc, Koninklijke DSM N.V., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Omega 3 Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Omega 3 Historical Market (2018-2022) 
    8.3    Global Omega 3 Market Forecast (2023-2028)
    8.4    Global Omega 3 Market by Source
        8.4.1    Marine Source
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
            8.4.1.4    By Source
                8.4.1.4.1    Fish Oil
                    8.4.1.4.1.1    Market Share
                    8.4.1.4.1.2    Historical Trend (2018-2022)
                    8.4.1.4.1.3    Forecast Trend (2023-2028)
                8.4.1.4.2    Algal Oil
                    8.4.1.4.2.1    Market Share
                    8.4.1.4.2.2    Historical Trend (2018-2022)
                    8.4.1.4.2.3    Forecast Trend (2023-2028)
                8.4.1.4.3    Krill Oil
                    8.4.1.4.3.1    Market Share
                    8.4.1.4.3.2    Historical Trend (2018-2022)
                    8.4.1.4.3.3    Forecast Trend (2023-2028)
                8.4.1.4.4    Others
        8.4.2    Plant source
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
            8.4.2.4    By Source
                8.4.2.4.1    Nuts and Seeds
                    8.4.2.4.1.1    Market Share
                    8.4.2.4.1.2    Historical Trend (2018-2022)
                    8.4.2.4.1.3    Forecast Trend (2023-2028)
                8.4.2.4.2    Vegetable Oils
                    8.4.2.4.2.1    Market Share
                    8.4.2.4.2.2    Historical Trend (2018-2022)
                    8.4.2.4.2.3    Forecast Trend (2023-2028)
                8.4.2.4.3    Soy
                    8.4.2.4.3.1    Market Share
                    8.4.2.4.3.2    Historical Trend (2018-2022)
                    8.4.2.4.3.3    Forecast Trend (2023-2028)
                8.4.2.4.4    Others
    8.5    Global Omega 3 Market by Product Type
        8.5.1    Docosahexaenoic Acid (DHA)
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Alpha-linolenic Acid (ALA)
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Eicosapentaenoic Acid (EPA)
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Others
    8.6    Global Omega 3 Market by Distribution Channel
        8.6.1    Hypermarkets and Supermarkets
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Pharmacies and Drug Stores
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Online
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Others
    8.7    Global Omega 3 Market by Application
        8.7.1    Dietary Supplements
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Pharmaceuticals
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Animal Feed and Pet Food
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Food and Beverage
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022)
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Infant Formulas 
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022)
            8.7.5.3    Forecast Trend (2023-2028)
        8.7.6    Others    
    8.8    Global Omega 3 Market by Region
        8.8.1    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022) 
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022)
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022)
            8.8.3.3    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2022) 
            8.8.4.3    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2022) 
            8.8.5.3    Forecast Trend (2023-2028)
9    North America Omega 3 Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe  Omega 3 Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Omega 3 Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Omega 3 Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Omega 3 Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Price Analysis
    16.1    North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.2    Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.3    Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.4    Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.5    Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Cargill Incorporated
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Reckitt Benckiser Group plc.
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Aker Biomarine Antarctic As
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    BASF SE
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Omega Protein Corporation
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Unilever Plc
            17.2.6.1    Company Overview
            17.2.6.2    Product Portfolio
            17.2.6.3    Demographic Reach and Achievements
            17.2.6.4    Certifications
        17.2.7    Koninklijke DSM N.V.
            17.2.7.1    Company Overview
            17.2.7.2    Product Portfolio
            17.2.7.3    Demographic Reach and Achievements
            17.2.7.4    Certifications
        17.2.8    Others
18    Key Trends and Developments in the Market


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Key Figures and Tables

1.    Global Omega 3 Market: Key Industry Highlights, 2018 and 2028
2.    Global Omega 3 Historical Market: Breakup by Source (USD Million), 2018-2022
3.    Global Omega 3 Market Forecast: Breakup by Source (USD Million), 2023-2028
4.    Global Omega 3 Historical Market: Breakup by Product Type (USD Million), 2018-2022
5.    Global Omega 3 Market Forecast: Breakup by Product Type (USD Million), 2023-2028
6.    Global Omega 3 Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
7.    Global Omega 3 Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
8.    Global Omega 3 Historical Market: Breakup by Application (USD Million), 2018-2022
9.    Global Omega 3 Market Forecast: Breakup by Application (USD Million), 2023-2028
10.    Global Omega 3 Historical Market: Breakup by Region (USD Million), 2018-2022
11.    Global Omega 3 Market Forecast: Breakup by Region (USD Million), 2023-2028
12.    North America Omega 3 Historical Market: Breakup by Country (USD Million), 2018-2022
13.    North America Omega 3 Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Europe Omega 3 Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Europe Omega 3 Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Asia Pacific Omega 3 Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Asia Pacific Omega 3 Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Latin America Omega 3 Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Latin America Omega 3 Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Middle East and Africa Omega 3 Historical Market: Breakup by Country (USD Million), 2018-2022
21.    Middle East and Africa Omega 3 Market Forecast: Breakup by Country (USD Million), 2023-2028
22.    North America Historical Price Trends and Forecast 2018-2028
23.    Europe Historical Price Trends and Forecast 2018-2028
24.    Asia Pacific Historical Price Trends and Forecast 2018-2028
25.    Latin America Historical Price Trends and Forecast 2018-2028
26.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
27.    Global Omega 3 Market Structure

Key Questions Answered in the Report

What was the global omega 3 market size in 2020?

The omega 3 market attained a value of nearly USD 2.81 billion in 2020.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 8% between 2021 and 2026.

What are the major industry drivers?

The rise in the prevalence of diseases such as rising population, heart and joint inflammation, combined with the increase in population globally form the major industry drivers.

What are the key industry trends of the global omega 3 market?

The key industry trends pushing the market are the increase in demand for DHA and EPA in diet and the growth of the food supplement industry and the rising awareness about the benefits of fish oil.

What are the major regional markets of omega 3, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the significant types of products of omega 3 in the industry?

Docosahexaenoic Acid (DHA), alpha-linolenic acid (ALA) and eicosapentaenoic Acid (EPA), among others are the significant product types in the industry.

What are the major sources of the product?

The sources of the product include marine source and plant source. Marine sources include fish oil, algal oil, and krill oil, among others. Plant based sources can be divided into nuts and seeds, vegetable oils, and soy, among others.

What are the product types of the product?

The product type includes docosahexaenoic acid (DHA), alpha-linolenic acid (ALA), and eicosapentaenoic acid (EPA), among others.

What are the leading distribution channels of omega 3?

Hypermarkets and supermarkets, pharmacies, and drug stores and online, among others are the leading distribution channels of omega 3.

What are the major application sectors of omega 3?

Dietary supplements, pharmaceuticals, animal feed and pet food, food and beverage and infant formulas, among others form the major application sectors of omega 3.

Who are the key industry players, according to the report?

The major players in the industry are Cargill Incorporated, Reckitt Benckiser Group plc, Aker Biomarine Antarctic As, BASF SE, Omega Protein Corporation, Unilever Plc, and Koninklijke DSM N.V., among others.

Analyst Review

The global omega 3 market attained a value of USD 2.81 billion in 2020, driven by the rise in the prevalence of diseases such as heart and joint inflammation, combined with the increase in population globally form the major industry drivers. Aided by the increase in demand for DHA and EPA in diet and the growth of the food supplement industry, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 8%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The sources of the product include marine source and plant source. Marine sources include fish oil, algal oil, and krill oil, among others. Plant based sources can be divided into nuts and seeds, vegetable oils, and soy, among others. Based on its product types, the omega 3 industry can be segmented into docosahexaenoic Acid (DHA), alpha-linolenic acid (ALA) and eicosapentaenoic Acid (EPA), among others. On the basis of distribution channels, the major segments are hypermarkets and supermarkets, pharmacies and drug stores and online, among others. Dietary supplements, pharmaceuticals, animal feed and pet food, food and beverage and infant formulas, among others form the major application sectors of omega 3. The major regional markets for omega 3 are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Cargill Incorporated, Reckitt Benckiser Group plc, Aker Biomarine Antarctic As, BASF SE, Omega Protein Corporation, Unilever Plc and Koninklijke DSM N.V., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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