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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 (2016-2026); 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 2021-2026.

 

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: Industry Definition and 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 industry based on the Porter's five forces model along with giving a SWOT analysis.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Omega 3 Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Omega 3 Historical Market (2016-2020) 
    8.3    Global Omega 3 Market Forecast (2021-2026)
    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 (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
            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 (2016-2020)
                    8.4.1.4.1.3    Forecast Trend (2021-2026)
                8.4.1.4.2    Algal Oil
                    8.4.1.4.2.1    Market Share
                    8.4.1.4.2.2    Historical Trend (2016-2020)
                    8.4.1.4.2.3    Forecast Trend (2021-2026)
                8.4.1.4.3    Krill Oil
                    8.4.1.4.3.1    Market Share
                    8.4.1.4.3.2    Historical Trend (2016-2020)
                    8.4.1.4.3.3    Forecast Trend (2021-2026)
                8.4.1.4.4    Others
        8.4.2    Plant source
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
            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 (2016-2020)
                    8.4.2.4.1.3    Forecast Trend (2021-2026)
                8.4.2.4.2    Vegetable Oils
                    8.4.2.4.2.1    Market Share
                    8.4.2.4.2.2    Historical Trend (2016-2020)
                    8.4.2.4.2.3    Forecast Trend (2021-2026)
                8.4.2.4.3    Soy
                    8.4.2.4.3.1    Market Share
                    8.4.2.4.3.2    Historical Trend (2016-2020)
                    8.4.2.4.3.3    Forecast Trend (2021-2026)
                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 (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Alpha-linolenic Acid (ALA)
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Eicosapentaenoic Acid (EPA)
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        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 (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Pharmacies and Drug Stores
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Online
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        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 (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Pharmaceuticals
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Animal Feed and Pet Food
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Food and Beverage
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
        8.7.5    Infant Formulas 
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2016-2020)
            8.7.5.3    Forecast Trend (2021-2026)
        8.7.6    Others
    8.8    Global Omega 3 Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country Kingdom
            9.2.3.1    United 
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
    12.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
13    Competitive Landscape
    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Cargill Incorporated
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Reckitt Benckiser Group plc.
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Aker Biomarine Antarctic As
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    BASF SE
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Omega Protein Corporation
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Unilever Plc
            13.2.6.1    Company Overview
            13.2.6.2    Product Portfolio
            13.2.6.3    Demographic Reach and Achievements
            13.2.6.4    Certifications
        13.2.7    Koninklijke DSM N.V.
            13.2.7.1    Company Overview
            13.2.7.2    Product Portfolio
            13.2.7.3    Demographic Reach and Achievements
            13.2.7.4    Certifications
        13.2.8    Others
14    Industry Events and Developments


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 Figures and Tables

1.    Global Omega 3 Market: Key Industry Highlights, 2016 and 2026
2.    Global Omega 3 Historical Market: Breakup by Source (USD Million), 2016-2020
3.    Global Omega 3 Market Forecast: Breakup by Source (USD Million), 2021-2026
4.    Global Omega 3 Historical Market: Breakup by Product Type (USD Million), 2016-2020
5.    Global Omega 3 Market Forecast: Breakup by Product Type (USD Million), 2021-2026
6.    Global Omega 3 Historical Market: Breakup by Distribution Channel (USD Million), 2016-2020
7.    Global Omega 3 Market Forecast: Breakup by Distribution Channel (USD Million), 2021-2026
8.    Global Omega 3 Historical Market: Breakup by Application (USD Million), 2016-2020
9.    Global Omega 3 Market Forecast: Breakup by Application (USD Million), 2021-2026
10.    Global Omega 3 Historical Market: Breakup by Region (USD Million), 2016-2020
11.    Global Omega 3 Market Forecast: Breakup by Region (USD Million), 2021-2026
12.    North America Omega 3 Historical Market: Breakup by Country (USD Million), 2016-2020
13.    North America Omega 3 Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Europe Omega 3 Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Europe Omega 3 Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Asia Pacific Omega 3 Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Asia Pacific Omega 3 Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Latin America Omega 3 Historical Market: Breakup by Country (USD Million), 2016-2020
19.    Latin America Omega 3 Market Forecast: Breakup by Country (USD Million), 2021-2026
20.    Middle East and Africa Omega 3 Historical Market: Breakup by Country (USD Million), 2016-2020
21.    Middle East and Africa Omega 3 Market Forecast: Breakup by Country (USD Million), 2021-2026
22.    North America Historical Price Trends and Forecast 2016-2026
23.    Europe Historical Price Trends and Forecast 2016-2026
24.    Asia Pacific Historical Price Trends and Forecast 2016-2026
25.    Latin America Historical Price Trends and Forecast 2016-2026
26.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
27.    Global Omega 3 Market Structure

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