Omega-3 Market By Type (DHA, EPA, and ALA), Application (Dietary Supplements, Functional Foods & Beverages, Pharmaceuticals, Infant Formula, and Pet Food & Feed), Source (Marine and Plant), Concentration of Ingredient and Region - Global Forecasts 2016 to 2026

Date : Nov 2020

|

Report ID : 1

|

Category : Agro Chemical

|
Report Format:  PDF EXCEL PPT WORD

Omega-3 Market Report Overview:

The omega-3 market is projected to grow at a CAGR of 13.0% to reach USD 9.4 billion by 2026 from 4.0 billion in 2019.  Rising consumer awareness regarding the health benefits of omega-3 fatty acids which include maintaining heart health, in addition to safeguarding against cancer and birth defects and offsetting symptoms of diabetes, arthritis, cognitive decline, depression, and several other conditions has significantly contributed to the growth of this market.

Omega-3 Market

Check Our Latest Press Release

The research report categorizes the Omega-3 Market to forecasts the revenues and analyses the trends in each of the following below-mentioned market segments.

By Type

  • Docosahexaenoic acid (DHA)

  • Eicosapentaenoic acid (EPA)

  • Alpha-linolenic acid (ALA)

By Application,

  • Functional food & beverages
  • Pharmaceuticals
  • Infant formula
  • Pet food & feed
  • Others

By Source

  • Marine source
    • Fish Oil
    • Algal Oil
    • Krill Oil
    • Others
  • Plant source
    • Nuts & Seeds
    • Vegetable Oils
    • Soy

By Concentration level

  • 18/12 (30% Omega-3) Fish Oils
  • Omega-3 Low Concentrate (40% to 55%)
  • Omega-3 Medium Concentrate (60% to 80%)
  • Omega-3 High Concentrate (above 85%)

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Norway
    • Italy
    • Spain
    • Netherlands
    • Rest Of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • New Zealand
    • Rest Of Asia Pacific
  • South America
  • ROW

The report also provides in-depth value chain analysis, opportunity mapping, technology landscape, regulatory scenario, patent trends, market trends, Covid-19 impact analysis, raw material supply analysis, pricing trends, sustainability trends and competitive landscape.

Omega-3 Market Dynamics

Drivers: Growing demand from Pharmaceutical Industry and Pet / Animal Nutrition products

Omega-3 is growing on account of growing product usage in the Active Pharmaceutical Ingredient (API), rising awareness regarding chronic diseases, and regulations favoring the usage of omega-3 in infant formulations.  Increasing usage of omega-3 in pet nutrition and animal feed products is further expected to propel the market growth in the coming years.

Restraints: Lack of clarity among consumers

The market for omega-3 is facing hindrance in growth on account of the absence of official recommended doses which has created confusion in the minds of consumers. This is having a higher impact in developing countries where consumer awareness is low and healthcare infrastructure is not fully established.

Opportunity: Research for the development of alternative sources to obtain omega-3

In order to meet the increasing demand for EPA & DHA, and increasing fish oil prices there are vast opportunities for extracting omega-3 from new sources such as microalgae and krill oil rich in phospholipid form of omega-3. There are also new opportunities for Highly Concentrated Omega-3 Ingredients on account of demand from Pharma and Dietary Supplements Markets.  Spray drying and encapsulation of omega-3 oils is providing new opportunities for product development.

Challenges: Fluctuating Fish Oil Prices

The omega-3 market is being impacted by the fluctuating prices of raw materials such as fish and marine oils.

In terms of application, the supplements & functional food segment in the omega-3 market is estimated to be the largest segment during the forecast period.

In terms of application, the global omega-3 market can be segregated into supplements & functional foods, pharmaceuticals, instant formulas, pet & animal feed, infant nutrition, and others. The supplements & functional food in the omega-3 market is projected to be the largest, while infant formula is projected to be the fastest-growing segment by 2025. The supplements & functional food segment is growing on account of increasing usage in applications such as cereals, bakery products, and juices. Growing consumer adoption of such products to maintain fitness and nutrient adequacy among adults has also contributed towards a growing market.

The growing trend of cardiovascular diseases on account of a sedentary lifestyle, especially among the age group of 30 to 40 years, and fluctuating dietary patterns are likely to maintain the importance of omega-3-based nutraceutical products in the market over the next few years.

The sports nutrition industry is also driving demand in the omega-3 market on account of growing awareness regarding the importance of Omega-3 in maintaining weight and reducing calories. Sports personnel and gym professionals and athletes in several countries, including China, Italy, India, and the U.S., are using omega-3 based sports supplements and functional food products. The new advertising campaigns by companies, such as Koninklijke DSM N.V. and BASF SE, have also had a favourable impact on the growth of this segment.

The pharmaceutical industry is increasingly adopting omega-3 ingredients on account of its health benefits. Omega-3 is used in pharmaceutical products for its anti-inflammatory properties as well as for the treatment of depression, cancer, Alzheimer’s, osteoporosis, and cardiovascular diseases. The usage of omega-3 in weight loss and obesity control medications is further anticipated to drive the segment. To capitalize on this trend, key pharmaceutical companies are actively involved in obtaining product certifications to maximize their reach in the Omega-3 market.

By source, the marine segment is expected to be the largest and fastest-growing

On the basis of source, the omega-3 industry is bifurcated into two categories, namely marine sources, and plant sources. The marine segment of the Omega-3 market is projected to be the largest and fastest-growing segment by 2025. EPA and DHA commonly found in marine oils, whereas plant oils are the major source of alpha-linolenic acid (ALA).

The major marine source for omega-3 fatty acids are fish oil. According to the Global Organization for EPA and DHA Omega-3s (GOED), anchovies and sardines rich in omega-3 fatty acids and led the market with a share of 80%, followed by tuna and cod, accounting for a share of 10%. As the global supply of fish oil in the omega-3 fish oil market remains static or is slowly declining, there are new opportunities of producing omega- 3 from alternative sources.

By type, the docosahexaenoic acid (DHA) segment is expected to register the highest CAGR during the forecast period

Three types of omega-3 fatty acids include docosahexaenoic acid (DHA), eicosapentaenoic acid (EPA), and alpha-linolenic acid (ALA). The docosahexaenoic acid (DHA) segment of the omega-3 market is projected to grow at a much higher pace as compared to other segments due to the increasing demand for infant formula. DHA is also vital for people in all age groups as it supports learning and memory retention and helps in the development of eye and nerve tissues.

Asia-Pacific is expected to register the highest CAGR while North America is expected to be the biggest market in the forecast period

On account of increasing utilization in the pharmaceutical industry, coupled with growing research & development activities North America emerged as the largest Omega-3 market in 2019. Moreover, the growing trend of improved medication for improving the quality of life and life expectancy of the aging population is expected to further propel the demand for omega 3-based pharmaceutical products in the region.

The Asia-Pacific region is projected to be the fastest-growing market due to advancements in food technology and the high demand for fortified food products. The growing cultivation of krill fish in the South China Sea and the Indian Ocean is also expected to propel the regional market growth over the next few years.

Company Profiles and Competitive Intelligence in Omega-3 Market Research Report are:

The key players operating in the market are Cargill, BASF SE ,, Orkla Health, Croda International ,Lonza, KD Pharma, Corbion, GC Rieber, Epax , Pharma Marine AS, Aker Biomarine Antarctic AS, BioProcess Algae, LLC, Koninklijke DSM N.V.amongst others

Recent Developments

  • GC Rieber Oils Collaborates with Barrington Nutritionals to Distribute VivoMega Omega-3 Fish Oils
  • Two-Year Krill Oil Supply Pact Formed by Acasti and Aker BioMarine
  • Epax to Increase Production Capacity of Omega-3 Oils by Over 50% by 2021
  • Continued Expansion of BioMar Feed with AlgaPrime DHA

Author Credentials

Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.

  1. INTRODUCTION
    1. Product Outline
    2. What is Omega-3?
    3. What are different types of Fatty Acids
      1. Saturated Fatty Acids
      2. Unsaturated Fatty Acids
      3. Polyunsaturated Fatty Acids (PUFAs)
    4. Omega-3 Fatty Acids
    5. Categories of Omega-3 Fatty Acids
      1. Short Chain Omega-3 Fatty Acids
      2. Alpha-Linolenic Acid (ALA)
      3. Long-Chain Omega-3 Fatty Acids (LC-PUFAs)
      4. Docosahexaenoic Acid (DHA)
      5. Eicosapentaenoic Acid (EPA)
    6. Dietary Sources of Omega-3 Fatty Acids
    7. Omega-3 and Its Health Benefits
      1. High Cholesterol
      2. High Blood Pressure
      3. Heart Disease
      4. Diabetes
      5. Other Diseases
    8. Analysis of Omega-3 Ecosystem / Value Chain
    9. Supply Chain Analysis
    10. Covid -19 Impact
    11. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Threats
  2. Omega-3 Market by Raw Material Source
    1. Marine Oils
      1. Fish Oil
      2. Krill Oil
      3. Other Marine Sources
    2. Algae
    3. Plants
  3. Omega-3 Market by Concentration
    1. 18/12 (30% Omega-3) Fish Oils
    2. Omega-3 Low Concentrate (40% to 55%)
    3. Omega-3 Medium Concentrate (60% to 80%)
    4. Omega-3 High Concentrate (above 85%)
  4. Omega-3 Market by Raw Material
    1. Marine source
      1. Fish Oil
      2. Algal Oil
      3. Krill Oil
      4. Others
    2. Plant source
      1. Nuts & Seeds
      2. Vegetable Oils
      3. Soy
  5. Omega-3 Application Analysis
    1. Functional food & beverages
    2. Pharmaceuticals
    3. Infant formula
    4. Pet food & feed
    5. Others
  6. Omega-3 Technology Landscape
    1. Manufacturing Processes for Omega-3 Fatty Acids
    2. Chemistry of Omega-3 Fatty Acids
    3. Processing of Fish Oils
    4. Decontamination
    5. Concentration Process
    6. Production Technologies used for Omega-3 Fatty Acid Concentrates
      1. Chromatographic Methods
      2. Distillation Method
      3. Molecular Distillation (MD)
      4. Low-Temperature Crystallization
      5. Urea Complexation/Precipitation
      6. Enzymatic Methods
        1. Lipase-Catalyzed Hydrolysis
        2. Lipase-Catalyzed Esterification
    7. Supercritical Fluid Technology (SFT)
    8. Supercritical Fluid Extraction (SFE)
    9. Supercritical Fluid Chromatography (SFC)
    10. Microalgae Production
    11. Microalgae as Sources of n-3 LC-PUFA
    12. Algae Oil Extraction
    13. Key Patents
    14. Environmental considerations and Sustainability
      1. Sustainability of omega-3 fish oil supplements
      2. Wild Vs Farmed Fish
      3. How Do Fish Farms Impact Omega 3 Content?
      4. Other Concerns with Fish Farming
      5. Is Krill Oil a Sustainable Option for Omega-3 Supplements?
      6. Sustainable Production of Omega-3 Oils
      7. Sustainable Nutraceutical Products
  7. Regulatory Landscape for Omega-3
    1. Recommendations for Omega-3 Fatty Acids (EPA and DHA) Intake
    2. Health Claim Approvals
      1. FDA Approved Health Claims
      2. EFSA Approved Health Claims
    3. Approved Health Claims in Other Regions
      1. Canada
      2. Australia and New Zealand
      3. Japan
    4. Pharmaceutical Omega-3 Drugs Approvals
    5. Regulations and Standards for Fish oils
  8. Raw Material Supply and Pricing Trends
    1. Fish Oil Demand-Supply Scenario
    2. Fish Oils
    3. Algal Oil
    4. Krill Oil
    5. Vegetable Oils
    6. 18/12 (30% Omega-3) Fish Oils
    7. Omega-3 Low Concentrate (40% to 55%)
    8. Omega-3 Medium Concentrate (60% to 80%)
    9. Omega-3 High Concentrate (above 85%)
  9. Regional Analysis
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. UK
      3. France
      4. Norway
      5. Italy
      6. Spain
      7. Netherlands
      8. Rest Of Europe
    3. Asia Pacific
      1. China
      2. India
      3. Japan
      4. Australia
      5. New Zealand
      6. Rest Of Asia Pacific
    4. Middle East and Africa
    5. South America
  10. New Opportunities and Unmet Needs
    1. New sources of Omega-3 such as microalgae and krill oil
    2. Phospholipid forms and Omega 3 Salts
    3. Microencapsulation and spray drying of Omega 3
    4. Demand for Highly Concentrated Omega-3 forms in the pharmaceutical and dietary supplements industry
    5. Vegan Omega-3 supplements and products
    6. Opportunity mapping
  11. Key Market Trends / Recent Developments
    1. GC Rieber Oils Collaborates with Barrington Nutritionals to Distribute VivoMega Omega-3 Fish Oils
    2. Two-Year Krill Oil Supply Pact Formed by Acasti and Aker BioMarine
    3. Epax to Increase Production Capacity of Omega-3 Oils by Over 50% by 2021
    4. Continued Expansion of BioMar Feed with AlgaPrime DHA
  12. Competitive Scenario
    1. Competitive Strategies of Key Players
      1. Mergers and Acquisitions
      2. Investments
      3. Joint Ventures
      4. New Product launches
    2. Strength of product portfolio
    3. Ranking of Key Players
    4. Presence of players by Geographies
  13. KEY GLOBAL PLAYERS
    1. Cargill
    2. BASF SE
    3. Orkla Health
    4. Croda International
    5. Lonza
    6. KD Pharma
    7. Corbion
    8. GC Rieber
    9. Epax
    10. Pharma Marine AS
    11. Aker Biomarine
    12. Antarctic AS
    13. BioProcess Algae
    14. Koninklijke DSM N.V.
Research Methodology

Choose License

Buy Now

Actionable and high-quality Premium Insights by ResearchCMFE

  • Customer Insights (Customer Expectations & Market Unmet Needs)
  • Market Opportunity Mapping (Market Sizing, Forecast and Trend Analysis)
  • Competitive Intelligence for Key Companies
  • Market Entry Strategy (Raw Material, Feedstock Trends, M&A, Channel Structure, Supply Chain Analysis)
  • Product Mix and Pricing (Pricing Strategy, Average Pricing, New Technologies, Products/Services Comparison)
  • Segmentation Analysis (Value Chain Analysis, Industry Structure)
  • Neural Network Diagram for Depicting Connected Market Ecosystem.
  • Market Attractiveness Framework
  • Demand Supply Scenario
  • Patent Landscape / Innovation Hotspots/ Technology Landscape
  • Impact of Circular Economy or Digital Transformation Trends
  • Region Specific Reports / Country Specific Reports for Specific Topics
  • As Per Customer Need Section Wise Reports
  • Pre and Post-Sales Service and Support

Why Choose ResearchCMFE?

  • Monthly market updates for 6 months
  • Online access of reports
  • Options to buy sections of report
  • Critically analysed research on “Quadrant Positioning” of your company.
  • Syndicated report along with a supplementary report with objective-based study
  • Get profiled in the reports. Expanding your visibility across our network of readers and viewers
  • We provide local market data in local language on request
  • A complementary co-branded white paper
  • Flat consulting fee based exclusive studies. Consult at the price of syndicate
  • Access to expert team for free transaction advisory service.

/*