Omega-3 Products Market - Forecast(2023 - 2028)

Report Code: FBR 90252 Report Format: PDF + Excel

Omega-3 Products Market Overview

Omega-3 Products Market size is estimated to reach $3,700 million by 2026, growing at a CAGR of 6.1% over 2021-2026. Omega-3 fatty acids are essential nutrients that are present in certain foods such as flaxseed and fish, as well as dietary supplements such as fish oil as well as in functional foods. It is also referred to as n-3s that contains carbon–carbon double bond located three carbons from the methyl end of the chain. There are several types of omega-3 such as alpha-linolenic acid (ALA), eicosapentaenoic acid (EPA), and docosahexaenoic acid (DHA) where EPA and DHA are considered as long chain omega-3s. Omega-3 fatty acids are polyunsaturated fatty acids that are available in a variety of supplements and vitamins. The omega-3 fatty acids are also present in Cod Liver Oil that come from the liver of cod fish which contains various health benefits. Various fish types such as salmon and tuna are especially high in omega-3 fatty acids that contain docosahexaenoic Acid (DHA). Omega-3 acids such as EPA and DHA are found in dietary supplements that aid in reducing heart diseases. Growing awareness about the health among people and rising incidence of cardiovascular diseases is the major factor driving the growth of this market. Furthermore, increasing research and development activities in food and beverage industry and rising advancement in technology is set to further enhance the overall market demand for Omega-3 Products Market for the period 2021-2026.

Report Coverage

The report: “Omega-3 Products Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Omega-3 Products Market.
By By Type: Eicosapentaenoic acid (EPA), and Docosahexaenoic acid (DHA), and Alpha-linolenic acid (ALA).
By Source: Marine, Nuts and Seeds, Vegetable Oils, and Others.
By Application: Supplements and Functional Foods, Pharmaceuticals, Instant Formulas, and Others.
By Geography: North America (U.S., Canada, Mexico), Europe (U.K, Germany, Italy, France, Spain, Russia, Rest of Europe), Asia Pacific (China, Australia, Japan, South Korea, India, Rest of Asia Pacific), South America (Brazil, Argentina, Others) and Rest of the World (Middle East, Africa).

Key Takeaways

  • In 2020, North America dominated the Omega-3 Products Market owing to changing dietary pattern that increases the demand of dietary supplements among consumers as it contains omega acids. Moreover, rising prevalence of heart diseases increases the consumption of omega-3 products which in turn driving the market growth.
  • Growing awareness about the health among people and rising incidence of cardiovascular diseases are enhancing the growth of the Omega-3 Products Market.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Omega-3 Products Market report.
  • Stringent regulation on omega-3 products is set to create hurdles for the Omega-3 Products Market. 

Omega-3 Products Market Size, By Application 2020-2026 (USD Million)

Omega-3 Products Market Size, By Application
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 Omega-3 Products Segment Analysis – By Type

The Omega-3 Products Market based on Type can be further segmented into Eicosapentaenoic acid (EPA), and Docosahexaenoic acid (DHA), and Alpha-linolenic acid (ALA). The Docosahexaenoic acid (DHA) segment is the major segment generating revenue in 2020. This is mainly owing to its effective support in the development of eye and nerve tissues that increases the consumption among consumers. Moreover, DHA is an important ingredient which is required among consumers of all ages as it helps to increase the memory power and supports in learning. The Eicosapentaenoic acid (EPA) segment is estimated to register the fastest CAGR of 7.5% for the period 2021-2026. This is mainly owing to the fact that EPA helps in preventing various diseases such as asthma, cancer, menstrual problems and many more that increases the adoption of EPA in food and beverage industry which in turn boosting the growth of Omega-3 Products market. 

Omega-3 Products Segment Analysis – By Application

The Omega-3 Products Market based on Application can be further segmented into Supplements and Functional Foods, Pharmaceuticals, Instant Formulas, and Others. The Supplements and Functional Foods segment registers for the highest Omega-3 Products market share in 2020. This is mainly owing to the rising consumption of dietary supplements for maintaining health among consumers and growing awareness to reduce calories in diet rising the intake of omega-3 products. Moreover, growing trends of consuming sports supplements that contain omega-3 increasing the market growth. The Pharmaceuticals segment is forecasted to register the fastest CAGR of 8.1% over 2021-2026. This is mainly owing to the fact that omega-3 is used for the treatment of various diseases such as depression, cancer, Alzheimer’s, osteoporosis, and cardiovascular diseases that increases the production of omega-3 capsules in pharmaceutical industry and are thus propelling the growth of Omega-3 Products market.

Omega-3 Products Segment Analysis – By Geography

North America dominated the Omega-3 Products Market with major share of 45% in 2020. This is owing to changing dietary pattern that increases the demand of dietary supplements among consumers which contains omega-3. According to Center for Disease Control and Prevention (CDC), about 30.3 million people in U.S. are suffering from heart disease in 2019 that increases the consumption of omega-3 products among population and are boosting the growth of Omega-3 Products market. 

However, Asia Pacific is estimated to outpace all the regions by clocking the highest CAGR of 3.05% during the forecast period 2021-2026 owing to rising health consciousness among population and changing lifestyle. In India, lifestyle changes increases the prevalence of various diseases such as diabetes, blood pressure, obesity, and cardiovascular problems. So, people are adopting omega-3 supplements that are further enhancing the market growth.

Omega-3 Products Market Drivers

Growing Awareness about the Health

Growing health consciousness among people increases the consumption of omega-3 supplements as it helps to reduce various health issues such as heart problems, cancers and many more that increases the consumption among. Moreover, American Heart Association (AHA) also recommended to consume omeg-3 products twice a week to maintain optimum omega 3 levels in the diet that increases the preference of omega-3 supplement and therefore rising the growth of the Omega-3 Products Market over the period 2021-2026.

Rising Incidence of Cardiovascular Diseases

The incidence of cardiovascular disease increases owing to changing lifestyle patterns among consumers. According to World Health Organization (WHO), about 17.9 million people die every year owing to cardiovascular diseases that increases the demand of omega supplement among consumers in order to reduce the health diseases which further boosting the growth of Omega-3 Products Market over the period 2021-2026.

Covid-19 Impact:

COVID-19 pandemic had greatly impacted the growth of Omega-3 Products Market. During pandemic, there is a lockdown that created a disruption in the manufacturing industries owing to less availability of human resources. Moreover, production capacity also decreases among manufacturers and are negatively impacted the growth of Omega-3 Products Market.

Omega-3 Products Market Challenges

Strict Government Regulations

The factors that are set to impede the growth of the Omega-3 Products Market are the strict regulation for the approval of omega-3 supplements. Moreover, owing to regulation there is delay in manufacturing of products that is set to create hurdles for the Omega-3 Products Market.

Omega-3 Products Landscape

 Product launches, acquisitions, collaboration, joint ventures, and geographical expansions are key strategies adopted by players in the Omega-3 Products Market. Omega-3 Products top 10 companies are Aker BioMarine, Axellus, BASF SE, DSM, Omega Protein Corporation, GC Reiber Oils, Wiley, Lonza, Natrol LLC, and Bionova.

Development

  • In March 2020, Wiley launched its new formulations of a new omega-3 concentrate in powder form that helps consumers to get rid from various diseases which further rising the market growth. 

Relevant Reports:

Report Code: FBR 0465

Report Code: FBR 60755

For more Food and Beverage Market related reports, please click here
1. Omega-3 Products Market Overview
    1.1 Definitions and Scope
2. Omega-3 Products Market Executive Summary
    2.1 Market Size and Key Trends
    2.2 Key trends by Type
    2.3 Key trends by Source
    2.4 Key trends by Application
    2.5 Key trends by Geography
3. Omega-3 Products Market Landscape
    3.1 Market Share Analysis- Key Companies
    3.2 Product Benchmarking- Key Companies
    3.3 Financial Analysis - Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis
4. Omega-3 Products Market - Startup companies Scenario Premium Premium
    4.1 Key startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. Omega-3 Products Market - Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of successful ventures
6. Omega-3 Products Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Customers
        6.3.3 Threat of New Entrants
        6.3.4 Rivalry Among Existing Players
        6.3.5 Threat of Substitutes
7. Omega-3 Products Market Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Omega-3 Products Market – By Type (Market Size -$Million/$Billion)
    8.1 Eicosapentaenoic Acid (EPA)
    8.2 Docosahexaenoic Acid (DHA)
    8.3 Alpha-linolenic Acid (ALA)
9. Omega-3 Products Market – By Source (Market Size -$Million/$Billion)
    9.1 Marine
    9.2 Nuts and Seeds
    9.3 Vegetable Oils
    9.4 Others
10. Omega-3 Products Market– By Application (Market Size -$Million/$Billion)
    10.1 Supplements and Functional Foods
    10.2 Pharmaceuticals
    10.3 Instant Formulas
    10.4 Others
11. Omega-3 Products Market- By Geography (Market Size -$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 U.K.
        11.2.2 Germany
        11.2.3 Italy
        11.2.4 France
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Australia
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 India
        11.3.6 Rest of Asia-Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Others
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. Omega-3 Products Market Entropy
13. Omega-3 Products Market- Industry / Segment Competition landscape Premium Premium
    13.1 Market Share Analysis
        13.1.1 Market Share by Country- Key companies
        13.1.2 Market Share by Region- Key companies
        13.1.3 Market Share at Global Level- Key companies
        13.1.4 Competition Matrix
        13.1.5 Best Practices for Companies
14. Omega-3 Products Market- Key Company List by Country Premium Premium
15. Omega-3 Products Market Company Analysis
    15.1 Company Revenue, Products, M&A, Developments
    15.2 Company 1
    15.3 Company 2
    15.4 Company 3
    15.5 Company 4
    15.6 Company 5
    15.7 Company 6
    15.8 Company 7
    15.9 Company 8
    15.10 Company 9
    15.11 Company 10
"*Financials for private companies would be provided on a best efforts basis”

LIST OF TABLES

1.Global MARKET SEGMENTATION Market 2019-2024 ($M)
1.1 Product Type Market 2019-2024 ($M) - Global Industry Research
1.1.1 Functional Food Market 2019-2024 ($M)
1.1.2 Dietary Supplements Market 2019-2024 ($M)
1.1.3 Infant Nutrition Market 2019-2024 ($M)
1.1.4 Pet Food and Feed Market 2019-2024 ($M)
1.1.5 Pharmaceutical Market 2019-2024 ($M)
1.2 Distribution Channel Market 2019-2024 ($M) - Global Industry Research
1.2.1 Grocery Retailers Market 2019-2024 ($M)
1.2.2 Pharmacies and Drug Stores Market 2019-2024 ($M)
1.2.3 Internet Retailing Market 2019-2024 ($M)
2.Global COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
2.1 Mergers Acquisitions Market 2019-2024 ($M) - Global Industry Research
3.Global MARKET SEGMENTATION Market 2019-2024 (Volume/Units)
3.1 Product Type Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Functional Food Market 2019-2024 (Volume/Units)
3.1.2 Dietary Supplements Market 2019-2024 (Volume/Units)
3.1.3 Infant Nutrition Market 2019-2024 (Volume/Units)
3.1.4 Pet Food and Feed Market 2019-2024 (Volume/Units)
3.1.5 Pharmaceutical Market 2019-2024 (Volume/Units)
3.2 Distribution Channel Market 2019-2024 (Volume/Units) - Global Industry Research
3.2.1 Grocery Retailers Market 2019-2024 (Volume/Units)
3.2.2 Pharmacies and Drug Stores Market 2019-2024 (Volume/Units)
3.2.3 Internet Retailing Market 2019-2024 (Volume/Units)
4.Global COMPETITIVE LANDSCAPE Market 2019-2024 (Volume/Units)
4.1 Mergers Acquisitions Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America MARKET SEGMENTATION Market 2019-2024 ($M)
5.1 Product Type Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Functional Food Market 2019-2024 ($M)
5.1.2 Dietary Supplements Market 2019-2024 ($M)
5.1.3 Infant Nutrition Market 2019-2024 ($M)
5.1.4 Pet Food and Feed Market 2019-2024 ($M)
5.1.5 Pharmaceutical Market 2019-2024 ($M)
5.2 Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Grocery Retailers Market 2019-2024 ($M)
5.2.2 Pharmacies and Drug Stores Market 2019-2024 ($M)
5.2.3 Internet Retailing Market 2019-2024 ($M)
6.North America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
6.1 Mergers Acquisitions Market 2019-2024 ($M) - Regional Industry Research
7.South America MARKET SEGMENTATION Market 2019-2024 ($M)
7.1 Product Type Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Functional Food Market 2019-2024 ($M)
7.1.2 Dietary Supplements Market 2019-2024 ($M)
7.1.3 Infant Nutrition Market 2019-2024 ($M)
7.1.4 Pet Food and Feed Market 2019-2024 ($M)
7.1.5 Pharmaceutical Market 2019-2024 ($M)
7.2 Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Grocery Retailers Market 2019-2024 ($M)
7.2.2 Pharmacies and Drug Stores Market 2019-2024 ($M)
7.2.3 Internet Retailing Market 2019-2024 ($M)
8.South America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
8.1 Mergers Acquisitions Market 2019-2024 ($M) - Regional Industry Research
9.Europe MARKET SEGMENTATION Market 2019-2024 ($M)
9.1 Product Type Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Functional Food Market 2019-2024 ($M)
9.1.2 Dietary Supplements Market 2019-2024 ($M)
9.1.3 Infant Nutrition Market 2019-2024 ($M)
9.1.4 Pet Food and Feed Market 2019-2024 ($M)
9.1.5 Pharmaceutical Market 2019-2024 ($M)
9.2 Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
9.2.1 Grocery Retailers Market 2019-2024 ($M)
9.2.2 Pharmacies and Drug Stores Market 2019-2024 ($M)
9.2.3 Internet Retailing Market 2019-2024 ($M)
10.Europe COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
10.1 Mergers Acquisitions Market 2019-2024 ($M) - Regional Industry Research
11.APAC MARKET SEGMENTATION Market 2019-2024 ($M)
11.1 Product Type Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Functional Food Market 2019-2024 ($M)
11.1.2 Dietary Supplements Market 2019-2024 ($M)
11.1.3 Infant Nutrition Market 2019-2024 ($M)
11.1.4 Pet Food and Feed Market 2019-2024 ($M)
11.1.5 Pharmaceutical Market 2019-2024 ($M)
11.2 Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
11.2.1 Grocery Retailers Market 2019-2024 ($M)
11.2.2 Pharmacies and Drug Stores Market 2019-2024 ($M)
11.2.3 Internet Retailing Market 2019-2024 ($M)
12.APAC COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
12.1 Mergers Acquisitions Market 2019-2024 ($M) - Regional Industry Research
13.MENA MARKET SEGMENTATION Market 2019-2024 ($M)
13.1 Product Type Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Functional Food Market 2019-2024 ($M)
13.1.2 Dietary Supplements Market 2019-2024 ($M)
13.1.3 Infant Nutrition Market 2019-2024 ($M)
13.1.4 Pet Food and Feed Market 2019-2024 ($M)
13.1.5 Pharmaceutical Market 2019-2024 ($M)
13.2 Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
13.2.1 Grocery Retailers Market 2019-2024 ($M)
13.2.2 Pharmacies and Drug Stores Market 2019-2024 ($M)
13.2.3 Internet Retailing Market 2019-2024 ($M)
14.MENA COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
14.1 Mergers Acquisitions Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Omega-3 Products Market Revenue, 2019-2024 ($M)
2.Canada Omega-3 Products Market Revenue, 2019-2024 ($M)
3.Mexico Omega-3 Products Market Revenue, 2019-2024 ($M)
4.Brazil Omega-3 Products Market Revenue, 2019-2024 ($M)
5.Argentina Omega-3 Products Market Revenue, 2019-2024 ($M)
6.Peru Omega-3 Products Market Revenue, 2019-2024 ($M)
7.Colombia Omega-3 Products Market Revenue, 2019-2024 ($M)
8.Chile Omega-3 Products Market Revenue, 2019-2024 ($M)
9.Rest of South America Omega-3 Products Market Revenue, 2019-2024 ($M)
10.UK Omega-3 Products Market Revenue, 2019-2024 ($M)
11.Germany Omega-3 Products Market Revenue, 2019-2024 ($M)
12.France Omega-3 Products Market Revenue, 2019-2024 ($M)
13.Italy Omega-3 Products Market Revenue, 2019-2024 ($M)
14.Spain Omega-3 Products Market Revenue, 2019-2024 ($M)
15.Rest of Europe Omega-3 Products Market Revenue, 2019-2024 ($M)
16.China Omega-3 Products Market Revenue, 2019-2024 ($M)
17.India Omega-3 Products Market Revenue, 2019-2024 ($M)
18.Japan Omega-3 Products Market Revenue, 2019-2024 ($M)
19.South Korea Omega-3 Products Market Revenue, 2019-2024 ($M)
20.South Africa Omega-3 Products Market Revenue, 2019-2024 ($M)
21.North America Omega-3 Products By Application
22.South America Omega-3 Products By Application
23.Europe Omega-3 Products By Application
24.APAC Omega-3 Products By Application
25.MENA Omega-3 Products By Application