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The global omega 3 market reached a value of about USD 3.54 billion in 2023. The market is further expected to grow at a CAGR of 8% in the forecast period of 2024-2032.
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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.
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 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).
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By source, the market is divided into:
Based on product type, the market is categorised into:
By distribution channel, the market is segmented into:
On the basis of application, the market is categorised into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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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.
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:
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 | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Source |
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Breakup by Product Type |
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Breakup by Distribution Channel |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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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 (2018-2023)
8.3 Global Omega 3 Market Forecast (2024-2032)
8.4 Global Omega 3 Market by Source
8.4.1 Marine Source
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 By Source
8.4.1.3.1 Fish Oil
8.4.1.3.1.1 Historical Trend (2018-2023)
8.4.1.3.1.2 Forecast Trend (2024-2032)
8.4.1.3.2 Algal Oil
8.4.1.3.2.1 Historical Trend (2018-2023)
8.4.1.3.2.2 Forecast Trend (2024-2032)
8.4.1.3.3 Krill Oil
8.4.1.3.3.1 Historical Trend (2018-2023)
8.4.1.3.3.2 Forecast Trend (2024-2032)
8.4.1.3.4 Others
8.4.2 Plant source
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 By Source
8.4.2.3.1 Nuts and Seeds
8.4.2.3.1.1 Historical Trend (2018-2023)
8.4.2.3.1.2 Forecast Trend (2024-2032)
8.4.2.3.2 Vegetable Oils
8.4.2.3.2.1 Historical Trend (2018-2023)
8.4.2.3.2.2 Forecast Trend (2024-2032)
8.4.2.3.3 Soy
8.4.2.3.3.1 Historical Trend (2018-2023)
8.4.2.3.3.2 Forecast Trend (2024-2032)
8.4.2.3.4 Others
8.5 Global Omega 3 Market by Product Type
8.5.1 Docosahexaenoic Acid (DHA)
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Alpha-linolenic Acid (ALA)
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Eicosapentaenoic Acid (EPA)
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Omega 3 Market by Distribution Channel
8.6.1 Hypermarkets and Supermarkets
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Pharmacies and Drug Stores
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Online
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Omega 3 Market by Application
8.7.1 Dietary Supplements
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Pharmaceuticals
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Animal Feed and Pet Food
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Food and Beverage
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Infant Formulas
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Others
8.8 Global Omega 3 Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Omega 3 Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Omega 3 Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Omega 3 Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Omega 3 Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Omega 3 Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 (2018-2023) and Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
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 2032
2. Global Omega 3 Historical Market: Breakup by Source (USD Million), 2018-2023
3. Global Omega 3 Market Forecast: Breakup by Source (USD Million), 2024-2032
4. Global Omega 3 Historical Market: Breakup by Product Type (USD Million), 2018-2023
5. Global Omega 3 Market Forecast: Breakup by Product Type (USD Million), 2024-2032
6. Global Omega 3 Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
7. Global Omega 3 Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
8. Global Omega 3 Historical Market: Breakup by Application (USD Million), 2018-2023
9. Global Omega 3 Market Forecast: Breakup by Application (USD Million), 2024-2032
10. Global Omega 3 Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Omega 3 Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Omega 3 Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Omega 3 Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Omega 3 Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Omega 3 Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Omega 3 Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Omega 3 Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Omega 3 Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Omega 3 Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Omega 3 Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Omega 3 Market Forecast: Breakup by Country (USD Million), 2024-2032
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
The omega 3 market attained a value of nearly USD 3.54 billion in 2023.
The market is projected to grow at a CAGR of 8% between 2024 and 2032.
The rising population levels, the surging global population, and the increasing prevalence of chronic diseases are the major market drivers.
The key trends guiding the market include the rising demand for fortified food, the growing awareness regarding the benefits of fish oil, the surging prevalence of lifestyle-related diseases, and the increasing demand for food supplements.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Docosahexaenoic Acid (DHA), alpha-linolenic acid (ALA) and eicosapentaenoic Acid (EPA), among others are the significant product types in the market.
The major sources of the product are marine source and plant source.
The major product types considered in the market report are docosahexaenoic acid (DHA), alpha-linolenic acid (ALA), and eicosapentaenoic acid (EPA), among others.
Hypermarkets and supermarkets, pharmacies, and drug stores and online, among others are the leading distribution channels of omega 3.
The various applications of omega 3 are dietary supplements, pharmaceuticals, animal feed and pet food, food and beverage, and infant formulas, among others.
The major players in the market 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.
The global omega 3 market attained a value of USD 3.54 billion in 2023, 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 2024-2032, 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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