Omega-3 Market

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), and Region - Global Forecasts to 2025

Report Code: FB 2759 Dec, 2019, by marketsandmarkets.com

The omega-3 market size is estimated to account for a value of USD 4.1 billion in 2019 and is projected to grow at a CAGR of 13.1% from 2019, to reach a value of USD 8.5 billion by 2025. Consumer awareness regarding the health benefits of omega-3 and an increase in application profiling and existing applications finding new markets are projected to drive the growth of the omega-3 industry.

Omega-3 PUFA Market

By application, the dietary supplements segment is projected to dominate the omega-3 market during the forecast period

The dietary supplements segment is projected to account for the largest share in the omega-3 market during the forecast period. Though there are many food products that are naturally rich in omega-3, since the amount of omega-3 in such products is not enough, the consumers these days have started consuming capsules for omega-3. By consuming such supplements, a sufficient amount of omega-3 can be consumed and regulated. Also, they are easy to consume so as to ensure the requisite amount of daily intake is met.

The marine source is projected to dominate the omega-3 market during the forecast period.

The marine source of omega-3 fatty acids holds the largest share because of the large EPA and DHA content in most of the oily fishes like salmon and tuna. Most of the manufacturers are also producing marine-based omega-3 to meet the growing demand for EPA and DHA, which are not abundantly present in other plant-based sources.

By type, docosahexaenoic acid (DHA) accounted for the largest market size in the omega-3 market during the forecast period

Docosahexaenoic acid (DHA) held the largest share in the omega-3 market. This is due to increased cognitive functionalities of omega-3 that are gaining consumer attention. DHA plays a vital role in growth and development of infant brain and also for the normal functioning of adult brains. Due to these factors, it is amongst the most favored types of omega-3.

Omega-3 PUFA Market

North America is projected to account for the largest market share during the forecast period

In 2018, North America accounted for the largest market share in the omega-3 market. The omega-3 market in North America is primarily dominated by the US, as the adults prefer to consume fish oil sourced omega-3 capsules as dietary supplements. The omega-3 market in North America is also characterized by the presence of several players such as Cargill (US), Epax Norway AS (Norway), DSM (Netherlands), and Arista Industries (US). These players extensively used innovative technologies to increase their productivity and meet the consumer demand for value-added omega-3 products in the region. Also, the omega-3 deficiency among the citizens in the US and Canada has highly impacted the surge in the demand for omega-3-based products.

Key Market Players

Key players in this market include Epax (Norway), Croda International (UK), Golden Omega (Chile), GC Rieber (Norway), Kinomega (China), Sinomega (China), Cargill (US), DSM (Netherlands), Polaris (France), Pharma Marine (Norway), BASF (Germany), Lonza (Switzerland), Huatai Biopharm (China), KD Pharma (Germany), Runke Bioengineering (China), Nordic Naturals (US), Algysis (US), Biosearch life (Spain), Corbion (Netherlands), and Orkla Health (Norway). Major players in this market are focusing on enhancing their presence through new product launches, investments, acquisitions, and joint ventures. These companies have a strong presence in North America and Europe. They also have their manufacturing facilities and strong distribution networks across these regions.

Scope of the Report

Report Metric

Details

Market size available for years

2017–2025

Base year considered

2018

Forecast period

2019–2025

Forecast units

Value (USD Million) and Volume (Ton)

Segments covered

  • Application
  • Type
  • Source
  • Region

Geographies covered

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Rest of the World (RoW)

Companies covered

  • Epax (Norway)
  • Croda International (UK)
  • Golden Omega (Chile)
  • GC Rieber (Norway)
  • Kinomega (China)
  • Sinomega (China)
  • Cargill (US)
  • DSM (Netherlands)
  • Polaris (France)
  • Pharma Marine (Norway)
  • BASF (Germany)
  • Lonza (Switzerland)
  • Huatai Biopharm (China)
  • KD Pharma (Germany)
  • Runke Bioengineering (China)
  • Nordic Naturals (US)
  • Algysis (US)
  • Biosearch Life (Spain)
  • Corbion (Netherlands)
  • Orkla Health (Norway)

 

This research report categorizes the omega-3 market based on application, type, sources, and region.

Based on Application, the omega-3 market has been segmented as follows:

  • Dietary supplements
  • Functional food & beverages
  • Pharmaceuticals
  • Infant formula
  • Pet food & feed

Based on Type, the omega-3 market has been segmented as follows:

  • Docosahexaenoic acid (DHA)
  • Eicosapentaenoic acid (EPA)
  • Alpha-linolenic acid (ALA)

Based on Sources, the omega-3 market has been segmented as follows:

  • Marine source
  • Plant source

Based on the region, the omega-3 market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Rest of World (RoW)*

*Rest of the World (RoW) includes the Middle East and South Africa.

Recent Developments:

  • In October 2019, KD Pharma (Germany) introduced Kardio3, which is a blend of omega-3, vitamin K2, and phytosterols. It aids in maintaining healthy lipids and supports heart and bone health.
  • In September 2019, Epax (Norway) announced an investment of USD 35 million over the next two years for the innovation of its Omega-3 sector. This investment will allow Epax to have better capacity in the omega-3 industry at its main site of production in Norway. It will facilitate the extended concentration of EPA and DHA without prompting oxidation, which will ultimately avoid unwanted by-products.
  • In September 2019, Polaris (France) launched Omegavie DHA 700 algae Sensory QualitySilver, which would help the company in the field of algal omega-3. The product majorly contains DHA and also contains excellent organoleptic properties.

Key questions addressed by the report:

  • What are the emerging application areas for the omega-3 market that companies are exploring?
  • Who are some of the key players operating in the omega-3 market, and what is the competitive scenario among them?
  • With the emerging applications of omega-3, what would be the penetration rate for new companies? What will be their go-to-market strategy, and which emerging markets will be of their significant interest?
  • How are the new product launches and developments going to impact the market growth, and what will be the attractions of the market offered to different stakeholders across the value chain?
  • What is the difference in pricing for these molecules among various applications, and how does this impact the adoption of omega-3 products in developed and developing markets?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents
 
1. Introduction
     1.1. Objectives of the Study
     1.2. Market Definition
     1.3. Market Scope
     1.4. Periodization Considered
     1.5. Currency Considered
     1.6. Stakeholders
 
2. Research Methodology
     2.1. Research Data
             2.1.1. Secondary Data
             2.1.2. Primary Data
             2.1.3 Break Down of Primaries
     2.2. Market Size Estimation
     2.3. Data Triangulation
     2.4. Research Assumptions
     2.5. Research Limitations
 
3. Executive Summary
 
4. Premium Insights
 
5. Market Overview
     5.1. Introduction
     5.2. Market Dynamics
             5.2.1. Drivers
             5.2.2. Restraints
             5.2.3. Opportunities
             5.2.4. Challenges 
     5.3. Supply Chain Analysis
     5.4. Value Chain Analysis
     5.5. Industry Insights
     5.5. Porter's Five Forces Analysis
     5.6. YC & YCC Shift: Corbion
     5.7. Picing Trends
 
6. Omega 3 Market, By Type
     6.1. Docosahexaenoic Acid (DHA)
     6.2. Eicosapentaenoic Acid (EPA)
     6.3. Alpha-Linolenic Acid (ALA)
 
7. Omega 3 Market, By Application
     7.1. Dietary Supplements
     7.2. Functional Foods & Bevrages
     7.3. Pharmaceuticals
     7.4. Infant Formula
     7.5. Pet Food and Feed
 
8. Omega 3 Market, By Source
     8.1. Marine 
     8.2. Plant 
 
9. Omega 3 Market, By Region
     9.1. Introduction
     9.2. North America
             9.2.1. US 
             9.2.2. Canada
             9.2.3. Mexico
     9.3. Europe
             9.3.1. Germany
             9.3.2. UK 
             9.3.3. France
             9.3.4. Norway
             9.3.5. Italy 
             9.3.6. Spain 
             9.3.7. Netherlands
             9.3.8. Rest of Europe
     9.4. Asia Pacific
             9.4.1. China 
             9.4.2. India 
             9.4.3. Japan 
             9.4.4. Australia
             9.4.5. New Zealand
             9.4.6. Rest of Asia Pacific
     9.5. South America
             9.5.1. Brazil
             9.5.2. Argentina
             9.5.3. Rest of South America
     9.6. Rest of the World (RoW)
             9.6.1. Africa
             9.6.2. Middle East
             9.6.2. Others in RoW
 
10. Competitive Landscape
       10.1. Overview
       10.2. Market Ranking
       10.3. Competitive Scenario
                 10.3.1. Expansions & Investments
                 10.3.2. New Service & Technology Launches
                 10.3.3. Acquisitions
                 10.3.4. Agreements, Collaborations, and Partnerships
 
11. Company Profiles*
(Business Overview, Recent Financials, Service Offerings, Recent Developments, SWOT Analysis, Key Strategies) **
       11.1. Cargill
       11.2. BASF
       11.3. DSM
       11.4. Croda International
       11.5. Epax
       11.6. Lonza
       11.7. Orkla Health
       11.8. Corbion
       11.9. KD Pharma
       11.10. GC Rieber
       11.11. Guangdong Runke Bioengineering
       11.12. Nordic Naturals
       11.12. Golden Omega
       11.14. Biosearchlife
       11.15. Pharma Marine
       11.16. Polaris
       11.17. Sinomega Biotech Engineering
       11.18. Huatai Biopharm
       11.19. Kinomega Biopharm
       11.20. Algisys

**Details of Recent Financials & Recent Developments Might Not Be Captured in Case of Unlisted Companies.  

12. Appendix

The study involves four major activities to estimate the current market size of the omega-3 market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. These findings, assumptions, and market sizes were validated with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the total market size. After that, the market breakdown and data triangulation approaches were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as NCBI, government websites, Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, in order to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, food safety organizations, regulatory bodies, trade directories, and databases.

Primary Research

The omega-3 market comprises several stakeholders, such as manufacturers, importers and exporters, traders, distributors and suppliers of omega-3, and government & research organizations. The demand-side of this market is characterized by the rising demand for omega-3 in dietary supplements, functional food & beverages, pharmaceuticals, infant formula, and pet food and feed. The supply-side is characterized by the supply of omega-3 from various suppliers in the market and by the presence of key providers of omega-3. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Omega-3 PUFA Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the omega-3 market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets were identified through extensive secondary research
  • The industry’s supply chain and market size, in terms of value, was determined through primary and secondary research processes
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary respondents

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed. The data was triangulated by studying various factors and trends from both the demand and supply sides in the omega-3 market.

Report Objectives

  • To define, segment, and project the global market size for omega-3
  • To understand the omega-3 market by identifying its various subsegments
  • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze the micromarkets, with respect to individual growth trends, prospects, and their contribution to the total market
  • To project the size of the market and its submarkets, in terms of value, with respect to the regions (along with their respective key countries)
  • To profile the key players and comprehensively analyze their core competencies
  • To understand the competitive landscape and identify the major growth strategies adopted by the players across the key regions
  • To analyze the competitive developments, such as expansions & investments, mergers & acquisitions, new product launches, partnerships, collaborations, and agreements

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Segmental Analysis

  • Further breakdown of applications, by type, in the omega-3 market
  • Further breakdown of types, by sources, in the omega-3 market
  • Further subsegmentation of plant sources and marine sources by region

Geographic Analysis

  • Further breakdown of the Rest of Asia Pacific omega-3 market, by key country
  • Further breakdown of the Rest of Europe omega-3 market, by key country
  • Further breakdown of the Rest of the World omega-3 market, by key country

Company Information

  • Detailed analyses and profiling of additional market players
Report Code
FB 2759
Published ON
Dec, 2019
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