Global Market for Omega-3 Products is Anticipated to grow at a Significant Pace i.e., USD 9.3 Billion during the Forecast Period 2021-2027

Published Date: Jun, 2021

The global omega-3 market is anticipated to grow at a significant rate i.e., at a CAGR of 10.1%, and to reach USD 9.3 billion during the forecast period 2021-2027. Innovative product portfolios, growing awareness among the consumers about the health and nutritional benefits, favorable regulatory environment, increase consumer demand for plant-based products, and creating awareness regarding the usage of omega-3 products owing to mounting cases of chronic diseases are the major opportunities for the growth of the omega-3 market.

The COVID-19 crisis has caused disruptions in the production industries due to a shortage of resources all over the world. The COVID-19 pandemic has created many opportunities for manufacturers of health-oriented products, i.e., dietary supplements as it helps in maintaining immunity and fights with the deadly virus. This in turn propels the demand for associated markets, including omega-3 products.

Key players in the omega-3 market are catering to the demand by investing in technologically advanced products in their product portfolio across the globe. In May 2019, KD Pharma acquired a manufacturing site in the UK to expand its capacity for manufacturing omega-3 supplements.

Browse 64 market data Tables and 40 Figures spread through 195 Pages and in-depth TOC on " Omega-3 Market by Type (Docosahexaenoic Acid, Eicosapentaenoic Acid, and Alpha-linolenic Acid), by Source (Plant Source (Flax Seed Oil, Algae Oil, and Others), and Marine Source (Krill Oil, Fish Oil, Cod Liver Oil, and Others), by Application (Dietary Supplements, Functional Foods, Infant Formulae, Pharmaceuticals, Animal Feed, and Pet Food and Others), by Distribution Channel (Grocery Retailers, Pharmacies and Drug Stores, Internet Retailing and Other Distribution Channels), and Region - Global Forecast to 2027"

Infant Nutrition Emerges as the Highest Consumed Omega-3 Products

Many researchers have studied the effect of omega-3 in baby food. Infant formula is prepared from skimmed cows’ milk. Consumption of DHA-enriched formula helps brain development throughout the pregnancy. The European Food Safety Authority (EFSA) has accepted that omega-3 fats i.e., DHA and ALA, can help the eye and mental development of babies. Most of the infant formulas are DHA-fortified and provide solutions for premature babies and young infants.

Global Omega-3 Market Segmentation Analysis

Segment

Categorization

Leading Category

Type

Docosahexaenoic Acid, Eicosapentaenoic Acid, and Alpha-linolenic Acid

Docosahexaenoic Acid (Largest)

Source

Plant Source (Flax Seed Oil, Algae Oil, and Others), and Marine Source (Krill Oil, Fish Oil, Cod Liver Oil, and Others)

Marine Source (Fastest)

Application

Dietary Supplements, Functional Foods, Infant Formulae, Pharmaceuticals, Animal Feed and Pet Food and Others

Infant Formulae (Highest)

Dietary Supplements (Largest)

Distribution Channel

Grocery Retailers, Pharmacies and Drug Stores, Internet Retailing, and Other Distribution Channels

Internet Retailing (Fastest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

Asia-Pacific (Fastest)

Discover More About This Report, Download A Free Sample Copy Global Omega-3 Market

Geography Insight

Geographically, North America is projected to grow at a CAGR of about 7.2 % for the forecast period 2021-2027 because of the innovative technologies used by the players in order to increase their productivity by focusing on R&D activities and fulfill the consumer demand for value-added omega-3 products. In order to increase the life expectancy of an aging population, increasing the trend of using nutritional supplements, and prevent chronic diseases, omega-3 products are used.

Competitive Insight

Key players in the Omega-3 market are Cargill, Incorporated., BASF SE, Koninklijke DSM N.V., Lonza Group AG, Orkla ASA, Croda International Plc, Omega Protein Corporation, Epax Norway AS, GC Rieber, and Nordic Naturals, Inc.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2019–2027

Historical Period

2019–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Tow Vehicle Type, Service Provider, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

Cargill, Incorporated., BASF SE, Koninklijke DSM N.V., Lonza Group AG, Orkla ASA, Croda International Plc, Omega Protein Corporation, Epax Norway AS, GC Rieber and Nordic Naturals, Inc.

Key Takeaway from the Report:

  • Among all the sources, fish and krill oil are the most significant sources of omega-3 fatty acids.
  • Of all the applications, the infant formula application segment will provide the best opportunities in the global omega-3 market

The Report Offers:

  • Historical market estimate for the years 2019–2020 and forecast for the years 2020–2027
  • Insight on current market trends, market dynamics, key opportunities, and major challenges in the industry
  • Market insights by in-depth segmentation with industry dynamics.
  • Competitive analysis and benchmarking of the industry leaders and their product offerings
  • Profiles of leading players and innovators, their financial overview, and product portfolio
  • Analysis of key industry trends and recent developments
  • Value chain analysis and distribution channel analysis with opportunity assessment
  • Market share analysis of major players

Benefits of Report Purchase from VynZ:

Detailed Research

We provide accurate data and in-depth analysis with all-inclusive coverage.

Robust Research Methodology

Robust research methodology and data triangulation to ensure a high-quality report.

Analyst Support

24*7 analyst support – Pre and post-purchase of the report as well as during the project tenure.

Sales Support

24*7 sales support – Hassle-free delivery of the report and quick response and support by the sales team.

Free Customization

20% post-purchase free customization to meet your requirements.

Customer Satisfaction

We claim full customer satisfaction as our core values lie in building a long-term relationships.

Security

High level of data security and confidentiality of your information.

 

The report provides the market value for the base year 2020 and a yearly forecast till 2027 in terms of revenue (USD Million). The report segments the global omega-3 market on the basis of type, source, application, distribution channel, and region.

Global Omega-3 Coverage

Type Insight and Forecast 2020-2027

  • Docosahexaenoic Acid (DHA)
  • Eicosapentacenoic Acid (EPA)
  • Alpha-linelenic Acid (ALA)

Source Insight and Forecast 2020-2027

  • Plant Sources
    • Flax Seed Oil
    • Algae Oil
    • Other Plant Oils
  • Marine Sources
    • Krill Oil
    • Fish Oil
    • Cod Liver Oil
    • Other Animal Oils

Application Insight and Forecast 2020-2027

  • Dietary Supplements
  • Functional Foods
  • Infant Formulae
  • Pharmaceuticals
  • Animal Feed and Pet Foods
  • Others

Distribution Channel Insight and Forecast 2020-2027

  • Grocery Retailers
  • Pharmacies and Drug Stores
  • Internet Retailing
  • Other Distribution Channels

Geographical Segmentation

Omega-3 Market by Region

North America

  • By Type
  • By Source
  • By Application
  • By Distribution Channel
  • By Country – U.S., Canada, and Mexico

Europe

  • By Type
  • By Source
  • By Application
  • By Distribution Channel
  • By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe

Asia-Pacific (APAC)

  • By Type
  • By Source
  • By Application
  • By Distribution Channel
  • By Country – China, Japan, India, South Korea, Singapore, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Type
  • By Source
  • By Application
  • By Distribution Channel
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

 

Our Industry
Global Market for Omega-3 Products is Anticipated to grow at a Significant Pace i.e., USD 9.3 Billion during the Forecast Period 2021-2027