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Omega-3 Market

Report Code FB 2759
Published in Oct, 2025, By MarketsandMarkets™

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Omega-3 Market by Type (DHA, EPA, & ALA), Source (Marine & Plant), Application (Dietary Supplements, Functional Foods & Beverages, Pharmaceuticals, Infant Formulas, and Pet Food & Feed), Form, Manufacturing Technology, and Region - Global Forecast to 2030

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USD 7.76 BN
MARKET SIZE, 2030
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CAGR 12.2%
(2025-2030)
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300
REPORT PAGES
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350
MARKET TABLES

OVERVIEW

Omega-3 Market Overview

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

The omega-3 market is estimated to be USD 4.36 billion in 2025 and is projected to reach USD 7.76 billion by 2030, at a CAGR of 12.2% from 2025 to 2030. One significant driver is the increasing awareness among consumers of the health benefits associated with omega-3 fatty acids, including their positive effects on heart health, brain function, and joint health. This growing awareness is prompting more individuals to seek out omega-3-rich foods and supplements as part of their daily diet. The rising prevalence of chronic diseases, such as cardiovascular disorders and cognitive decline, is also fueling demand for omega-3 products, which are perceived to have preventive and therapeutic properties.

KEY TAKEAWAYS

  • BY SOURCE
    Marine sources are more popular and widely used as a source of omega-3 as they contain higher concentrations of EPA and DHA, the essential fatty acids directly usable by the body, leading to increased bioavailability and effectiveness. Additionally, marine sources often offer a more comprehensive nutrient profile, including protein, vitamins, and minerals, further enhancing their nutritional value
  • BY APPLICATION
    The dietary supplement segment provides consumers with diverse product options, including capsules, softgels, gummies, and liquid formulations, catering to a wide range of consumer preferences. This variety enables individuals to select products that best suit their taste preferences, dietary requirements, and lifestyle choices.
  • BY TYPE
    DHA is anticipated to dominate the omega-3 market due to its critical role in brain health, supported by strong scientific evidence and recommendations from health organizations. Widely recognized for its benefits in prenatal and infant health.
  • BY REGION
    The omega-3 market covers North America, Europe, Asia Pacific, South America, and the Rest of the World. North America accounted for the largest share of the omega-3 market, driven by rising demand for omega-3 products, specifically in applications related to brain and heart health. This surge has spurred increased consumption of omega-3 products in the region, primarily led by the US, where adults prefer fish oil-derived omega-3 capsules as dietary supplements.
  • COMPETITIVE LANDSCAPE
    Major market players have adopted both organic and inorganic strategies, including partnerships and investments. For instance, companies such as Cargill, Incorporated (US), Kerry Group plc (Ireland), Corbion (Netherlands), dsm-firmenich (Netherlands), and AKER BIOMARINE (Norway) have entered into a number of agreements, partnerships, and expansions to cater to the growing demand for omega-3 across innovative applications.

The omega-3 market is experiencing growth driven by multiple factors. One significant driver is the increasing awareness among consumers of the health benefits associated with omega-3 fatty acids, including their positive effects on heart health, brain function, and joint health. This growing awareness is prompting more individuals to seek out omega-3-rich foods and supplements as part of their daily diet. Moreover, the rising prevalence of chronic diseases such as cardiovascular disorders and cognitive decline is fueling demand for omega-3 products, which are perceived to have preventive and therapeutic properties.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

Increasing popularity of plant-based diets has led to a growing demand for vegan and vegetarian sources of omega-3, driving innovation in the market with more plant-based omega-3 supplements and fortified foods. Originally sourced from fish oil, krill oil, and other marine oils, the market is now expanding to include algal and plant-based options to meet sustainability and vegetarian demands. The industry has been driven by growing health concerns, improvements in extraction and stabilization technology, and increasing regulatory acceptance for fortified foods. With ongoing innovation in delivery forms and expanded uses, omega-3 ingredients continue to be a central part of the global health and wellness industry, contributing to heart, brain, and eye health, and inflammation control.

Omega-3 Market Disruptions

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers
Impact
Level
  • Growing focus of food processing companies on fortification
  • Emergence of innovative production technologies
RESTRAINTS
Impact
Level
  • Lower fish oil supply due to sustainability issues among fisheries
  • Lack of clarity among consumers about daily recommended intake and health claims
OPPORTUNITIES
Impact
Level
  • Integration of microencapsulation technology
  • Favorable regulatory environment
CHALLENGES
Impact
Level
  • High cost involved in R&D activities
  • Highly unstable fish oil prices

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: Growing focus of food processing companies on fortification

Omega-3 is an important component in functional foods and pharmaceuticals. Traditionally, it was mainly taken as a health supplement. However, as more research has been done and consumers become more aware, marketers have become interested in incorporating omega-3 into different processed foods and beverages, such as dairy products, cereals, and breads. This expansion of omega-3 applications into the food processing industry not only provides consumers with convenient and accessible sources of omega-3 fatty acids but also creates new opportunities for market growth and product innovation within the omega-3 industry.

Restraint: Lack of clarity among consumers about daily recommended intake and health claims

The market for omega-3 in the form of dietary supplements and fortified foods & beverages is facing a significant challenge due to the absence of official recommended doses. Despite extensive scientific research conducted by governments and non-government organizations, there is no clear standard dose of omega-3 for daily intake. This has resulted in confusion among consumers, which can lead to disastrous results. Omega-3 is an important food supplement that can help prevent various health-related issues, such as reducing the risk of heart & metabolic health, brain & mental health, improving brain function, and assist with other autoimmune diseases. However, non-standard doses result in improper dosage, leading to very few or no health benefits. This situation is particularly concerning in developing countries such as India, China, Brazil, and Argentina, where consumer awareness is low, and there is a lack of adequate primary healthcare infrastructure.

Opportunity: Integration of microencapsulation technology

With a rise in global health consciousness, the demand for fortified beverages, particularly dairy products, has increased significantly. Fortification involves several processes that must maintain the original color, texture, flavor, and nutritional profile of the products. As a result, encapsulation technology is frequently used to offer controlled release of nutrients in fortified food & beverages. Consumers often expect fresh fish oil supplements but are dismayed by the fishy smell caused by oxidation, which raises concerns about product quality and safety. Microencapsulation technology provides a solution by creating stable emulsions of omega-3 oil, thereby enhancing absorption and reducing oxidation risks.

Challenge: High cost involved in R&D activities

The omega-3 market incurs high costs associated with research & development due to various factors. Firstly, exploring alternative sources of omega-3, such as algae or krill, requires significant financial resources for conducting scientific research. Investing in equipment, facilities, and specialized expertise to optimize extraction techniques and maximize yield and purity also involves substantial investment. Moreover, evaluating the efficacy, safety, and health benefits of omega-3 products through clinical trials and studies entails considerable expenses. These trials often involve recruiting participants, conducting tests, collecting data, and analyzing results, all of which incur substantial costs.

Omega-3 Market: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY USE CASE DESCRIPTION BENEFITS
Aker BioMarine leveraged Vitafoods Europe 2024 as a platform to showcase its dual expertise in marine (krill oil) and plant-based (algae oil) omega-3 solutions. By introducing FloraMarine, an algae-based DHA product, the company demonstrates its ability to meet growing B2B demand for sustainable, plant-based alternatives while maintaining its leadership in marine-derived nutrition. Aker BioMarine gains stronger market positioning by expanding into the fast-growing plant-based omega-3 space while reinforcing its leadership in sustainable nutrition. The launch at Vitafoods drives brand visibility, customer engagement, and new B2B growth opportunities.
Epax introduced EPAX Evolve 05, the first commercially available VLC-PUFA (very long chain polyunsaturated fatty acid) concentrate, at Vitafoods Europe 2024. The product, derived from fish oil and enriched to deliver ~10x higher VLC-PUFA content, targets the healthy ageing and specialty health markets (vision, bone, muscle, skin, and fertility). Epax secures a first-mover advantage in the omega-3 market with the world’s first VLC-PUFA concentrate, backed by EU and US regulatory approvals. This launch expands its reach into the healthy ageing and specialty health segments while strengthening its reputation as an innovation leader.
Utilizing its innovative biotechnology platform, in April 2023, MiAlgae successfully launched NaturAlgae, a dry powder with a high concentration of DHA and other oils. This product can be seamlessly integrated into aquafeeds and pet food recipes, providing the well-known health benefits of omega-3. Following the recent expansion of its commercial production site north of Glasgow, MiAlgae is poised for significant growth in the aquaculture and pet food sectors.

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

The market map of the ecosystem is categorized into demand-side and supply-side companies. The omega-3 market is a dynamic and rapidly expanding ecosystem characterized by diverse stakeholders and innovative products. BASF SE (Germany), Cargill, Incorporated (US), dsm-firmenich (Netherlands), ADM (US), Kerry Group plc (Ireland), Aker BioMarine (Norway), Croda International plc (UK), and Corbion (Netherlands) spearhead product innovation and market penetration, while numerous smaller enterprises enhance the competitive landscape. The ecosystem includes ingredient suppliers, regulatory bodies & associations, small and medium-sized enterprises, and demand-side companies.

Omega-3 Market Ecosystem

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET SEGMENTS

Omega-3 Market Segments

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Omega-3 Market, By Source

The marine segment is poised to dominate the omega-3 market, by source, mainly due to the fact that fish oil and krill oil are naturally high in EPA (eicosapentaenoic acid) and DHA (docosahexaenoic acid), the most bioactive and well-studied forms of omega-3 fatty acids. These two are better absorbed by the human body than plant sources such as ALA (alpha-linolenic acid), and therefore, they are greatly favored for cardiovascular, brain, and eye health.

Omega 3 Market, By Application

Due to their extensively studied health advantages, omega-3 fatty acids are utilized in functional foods and beverages. These indispensable fatty acids, encompassing EPA (eicosapentaenoic acid) and DHA (docosahexaenoic acid), serve vital functions in human health, notably in bolstering cardiovascular health, cognitive function, and mitigating inflammation. Functional foods and beverages offer a convenient avenue for individuals to integrate omega-3 fatty acids into their daily dietary regimen, particularly beneficial for those who may not regularly consume fatty fish, the primary source of omega-3s. Enhanced products like yogurt, milk, juices, bread, and snack bars serve as accessible alternatives for individuals seeking to augment their omega-3 intake without resorting to supplements

Omega 3 Market, By type

The DHA (docosahexaenoic acid) segment leads the omega-3 market owing to its critical role in brain, eye, and nervous system health, making it essential across all age groups, particularly for infants and aging adults. The primary drivers are increasing consumer knowledge of its role in cognitive development, vision, cardiovascular health, and healthy aging, as well as growing use in infant formulas, functional foods, dietary supplements, and pharmaceuticals.

REGION

Asia Pacific market to grow at significant rate during forecast period

The Asia Pacific omega-3 market is experiencing robust growth as growing spending on health supplement products and increasing knowledge of the health benefits of omega-3s for heart, brain, and joint health fuel demand. In addition to this, the high prevalence of chronic diseases and an ageing population in pursuit of preventive healthcare underpin demand. The expanding infant nutrition industry is also a key contributor, as omega-3s play a key role in early brain development. Government health programs and demographic developments are making the market environment conducive to growth. The market will experience the most rapid growth in this region, offering significant growth opportunities for producers. Developing new products is a prime field, such as adding omega-3s to functional foods, drinks, and other ready-to-go formats to attract more consumers. Demand is also increasing for plant- and algae-derived omega-3s due to sustainability and vegan consumerism. Product taste and stability can be improved through technologies such as microencapsulation by manufacturers. Market diversification and expansion can also be achieved through opportunities in animal feed, pharmaceuticals, and clinical nutrition

Omega-3 Market Region

Omega-3 Market: COMPANY EVALUATION MATRIX

In the omega-3 market matrix, dsm-firmenich (Netherlands) and Cargill, Incorporated (US) are the key star players that lead the market through their high-quality omega-3 ingredients. life’S DHA from dsm-firmenich is a plant-based source of docosahexaenoic acid (DHA) omega-3 extracted from algae, delivering crucial advantages for brain and eye health at every life stage. ALGARITHM (Emerging Leader) is gaining traction with its product innovations in the omega-3 market.

Omega-3 Market Evaluation Matrics

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY MARKET PLAYERS

MARKET SCOPE

REPORT METRIC DETAILS
Market Size in 2024 (Value) USD 3.91 Billion
Market Forecast in 2030 (value) USD 7.76 Billion
Growth Rate CAGR of 12.2% from 2025-2030
Years Considered 2021–2030
Base Year 2024
Forecast Period 2025–2030
Units Considered Value (USD Million), Volume (Kilotons)
Report Coverage Revenue forecast, market share, competitive landscape, growth factors, and trends
Segments Covered Type, source, application, form, manufacturing technology (qualitative), and region
Regions Covered North America, Europe, Asia Pacific, South America, and Rest of the World (RoW)

WHAT IS IN IT FOR YOU: Omega-3 Market REPORT CONTENT GUIDE

Omega-3 Market Content Guide

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST CUSTOMIZATION DELIVERED VALUE ADDS
APAC-based Omega-3 Manufacturers
  • Detailed omega-3 ingredients, competitive landscape, and competitors (financials, product portfolio) analysis
  • Customer landscape mapping by end-use sector
  • Assessment of market share and pricing analysis
  • Identified & profiled 20+ omega-3 companies
  • Track adoption trends in high-growth APAC end-use industries (Functional F&B and Dietary Supplements)
  • Highlight new customer clusters driven by sustainability mandates
Functional Food Segment Assessment
  • Segmentation of dietary supplements demand across deliverable formats such as tablets, capsules, gummies, and others
  • Benchmarking the adoption of various formats of omega-3 supplements across the regions
  • Switching barrier analysis (quality certification, performance consistency, local regulations)
  • Revenue share for various deliverable formats
  • Pinpoint substitution risks & opportunities in cost-sensitive APAC markets
  • Regulatory structure across the regions

RECENT DEVELOPMENTS

  • July 2025 : Corbion received regulatory approval in China for its algae-based omega-3 solutions, marking a significant milestone in its global expansion strategy. These omega-3 ingredients, derived from microalgae, are designed for use in nutritional supplements, functional foods, and beverages, offering a sustainable and plant-based alternative to traditional fish oil. The approval enables Corbion to enter one of the world’s largest and fastest-growing markets for health and wellness products, reinforcing its commitment to innovation and environmental responsibility in the nutraceutical sector.
  • April 2025 : Epax, a subsidiary of Pelagia AS, launched EPAX Evolve 05, the world’s first commercially available VLC-PUFA (Very Long Chain Polyunsaturated Fatty Acid) product. VLC-PUFAs are a unique class of omega-3 fatty acids with promising benefits for vision, skin health, male fertility, bone density, and muscle strength, especially in the context of healthy aging.
  • March 2025 : Nordmann (Germany) partnered with Aker BioMarine to distribute its marine-based health products, superba krill oil, revervia algae oil, and pl+, across Germany, Austria, and Switzerland. These products are rich in essential omega-3 fatty acids, particularly EPA and DHA, which support heart and liver health. Superba krill oil delivers omega-3s in phospholipid form for better absorption, while revervia offers the highest natural concentration of DHA omega-3 from algae. This strategic collaboration aims to expand access to sustainable, high-quality omega-3 supplements in Central Europe.
  • May 2024 : Brenntag (Germany) signed a strategic partnership agreement with Aker Biomarine to distribute krill oil-based health supplements in Southeast Asia. The deal includes products like Superba 2, Superba Boost, and Antarctic krill oil 2, which are known for their clinically proven health benefits.
  • February 2024 : Bioriginal Food & Science Corp. (Bioriginal), a wholly owned subsidiary of Cooke Inc., completed the acquisition of POS Biosciences Corp. (POS) of Saskatoon from Canopy Growth Corp. POS (Proteins, Oils and Starches), previously known as KeyLeaf Life Sciences, will maintain its independent operations.

 

Table of Contents

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE
PAGE NO
INTRODUCTION
1
  • 1.1 OBJECTIVES OF THE STUDY
  • 1.2 MARKET DEFINITION AND SCOPE
    INCLUSIONS & EXCLUSIONS
  • 1.3 STUDY SCOPE
    MARKET COVERED
    GEOGRAPHIC SEGMENTATION
    YEARS CONSIDERED FOR THE STUDY
  • 1.4 UNIT CONSIDERED
    CURRENCY/ VALUE UNIT
    VOLUME UNIT CONSIDERED
  • 1.5 STAKEHOLDERS
  • 1.6 SUMMARY OF CHANGE
RESEARCH METHODOLOGY
2
  • 2.1 RESEARCH DATA
    SECONDARY DATA
    - Key data from secondary sources
    PRIMARY DATA
    - Key data from primary sources
    - Key Industry Insights
    - Breakdown of Primaries
  • 2.2 MARKET SIZE ESTIMATION
    BOTTOM-UP APPROACH
    - Approach For Capturing Market Share By Bottom-Up Analysis
    TOP-DOWN APPROACH
    - Approach For Capturing Market Share By Top-Up Analysis
  • 2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
  • 2.4 RESEARCH ASSUMPTIONS
  • 2.5 RISK ASSESSMENT
  • 2.6 LIMITATIONS
EXECUTIVE SUMMARY
3
PREMIUM INSIGHTS
4
MARKET OVERVIEW
5
  • 5.1 INTRODUCTION
  • 5.2 MACROECONOMIC OUTLOOK
  • 5.3 MARKET DYNAMICS
    DRIVERS
    RESTRAINTS
    OPPORTUNITIES
    CHALLENGES
  • 5.4 IMPACT OF GEN AI ON FOOD & BEVERAGE INGREDIENTS/ADDITIVES
    INTRODUCTION
    USE OF GEN AI IN FOOD & BEVERAGE INGREDIENTS/ADDITIVES
    CASE STUDY ANALYSIS
    IMPACT ON OMEGA-3 MARKET
    ADJACENT ECOSYSTEM WORKING ON GEN AI
INDUSTRY TRENDS
6
INTRODUCTION
KEY TARIFF RATES
PRICE IMPACT ANALYSIS
IMPACT ON COUNTRY/REGION*
- US
- Europe
- Asia Pacific
IMPACT ON ENDUSE INDUSTRIES
EXPORT SCENARIO
IMPORT SCENARIO
  • 6.1 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - SUPERCRITICAL CO2 EXTRACTION
    - ENZYMATIC HYDROLYSIS
    - FERMENTATION & CELL CULTURE
    COMPLEMENTARY TECHNOLOGIES
    - MICROENCAPSULATION
    - STABILISATION AND ANTIOXIDANT TECHNOLOGY
    ADJACENT TECHNOLOGY
    - PRECISION FERMENTATION
    - SYNTHETIC BIOLOGY AND BIOPROCESS ENGINEERING
  • 6.2 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND OF SOURCE, BY KEY PLAYERS (2024)
    AVERAGE SELLING PRICE TREND, BY REGION (2021-2024)
  • 6.3 ECOSYSTEM ANALYSIS
    DEMAND SIDE
    SUPPLY SIDE
  • 6.4 PATENT ANALYSIS
    LIST OF MAJOR PATENTS PERTAINING TO THE MARKET
  • 6.5 KEY CONFERENCES & EVENTS IN 2025-2026
  • 6.6 REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, & OTHER ORGANIZATIONS
    REGULATORY FRAMEWORK
  • 6.7 PORTER’S FIVE FORCES ANALYSIS
    INTENSITY OF COMPETITIVE RIVALRY
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
  • 6.8 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN THE BUYING PROCESS
    BUYING CRITERIA
  • 6.9 CASE STUDY ANALYSIS
  • 6.10 INVESTMENT AND FUNDING SCENARIO
OMEGA-3 MARKET, BY MANUFACTURING TECHNOLOGY
7
  • 7.1 INTRODUCTION
  • 7.2 EXTRACTION
  • 7.3 REFINING & PURIFICATION
  • 7.4 CONCENTRATION & CONVERSION
  • 7.5 ENCAPSULATION & STABILIZATION
  • 7.6 FERMENTATION & BIOTECHNOLOGY
OMEGA-3 MARKET, BY TYPE (MARKET SIZE & FORECAST TO 2030- USD MILLION)
8
  • 8.1 INTRODUCTION
  • 8.2 DOCOSAHEXAENOIC ACID (DHA)
  • 8.3 EICOSAPENTAENOIC ACID (EPA)
  • 8.4 ALPHA-LINOLENIC ACID (ALA)
OMEGA-3 MARKET, BY SOURCE (MARKET SIZE & FORECAST TO 2030- USD MILLION & KILOTON)
9
  • 9.1 INTRODUCTION
  • 9.2 MARINE
    FISH
    - Anchovy
    - Sardine
    - Mackerel
    - Other Fish Types
    ALGAL
    - Schizochytrium sp.
    - Crypthecodinium cohnii
    - Nannochloropsis sp.
    - Other Algal Sources
    KRILL
    OTHER MARINE SOURCES
  • 9.3 PLANT
    NUTS & SEEDS
    VEGETABLE OIL
    OMEGA-3 MARKET, BY APPLICATION (MARKET SIZE & FORECAST TO 2030- USD MILLION)
OMEGA-3 MARKET, BY APPLICATION (MARKET SIZE & FORECAST TO 2030- USD MILLION)
10
  • 10.1 INTRODUCTION
  • 10.2 FUNCTIONAL FOOD & BEVERAGES
    DAIRY & DAIRY ALTERNATIVES
    BAKERY & CEREAL PRODUCTS
    CONFECTIONERY PRODUCTS
    MEAT & MEAT PRODUCTS
    BEVERAGES
    OTHER FUNCTIONAL FOOD PRODUCTS
  • 10.3 DIETARY SUPPLEMENTS
  • 10.4 PHARMACEUTICAL
  • 10.5 INFANT FORMULA
  • 10.6 PET FOOD & FEED
    PET FOOD
    ANIMAL FEED
OMEGA-3 MARKET, BY FORM (MARKET SIZE & FORECAST TO 2030- USD MILLION)
11
  • 11.1 INTRODUCTION
  • 11.2 DRY
  • 11.3 LIQUID
OMEGA-3 MARKET, BY REGION (MARKET SIZE & FORECAST TO 2030- USD MILLION & KILOTON)
12
  • 12.1 NORTH AMERICA
    US
    CANADA
    MEXICO
  • 12.2 EUROPE
    GERMANY
    UK
    FRANCE
    NORWAY
    SPAIN
    ITALY
    NETHERLANDS
    REST OF EUROPE
  • 12.3 ASIA PACIFIC
    CHINA
    JAPAN
    INDIA
    AUSTRALIA & NEW ZEALAND
    REST OF ASIA PACIFIC
  • 12.4 SOUTH AMERICA
    BRAZIL
    ARGENTINA
    REST OF SOUTH AMERICA
  • 12.5 REST OF THE WORLD
    MIDDLE EAST
    AFRICA
COMPETITIVE LANDSCAPE
13
  • 13.1 OVERVIEW
  • 13.2 KEY PLAYERS STRATEGIES/RIGHT TO WIN, 2022 - 2025
  • 13.3 REVENUE ANALYSIS, 2022 – 2024
  • 13.4 MARKET SHARE ANALYSIS, 2024
  • 13.5 BRAND/PRODUCT COMPARISON
  • 13.6 COMPANY VALUATION AND FINANCIAL METRICS
  • 13.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2024
    - Company Footprint
    - Region Footprint
    - Source Footprint
    - Type Footprint
  • 13.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
    - Detailed list of key start-up/SMEs
    - Competitive benchmarking of key start-ups/SMEs
  • 13.9 COMPETITIVE SCENARIO
    NEW PRODUCT LAUNCHES
    DEALS
    EXPANSIONS
    OTHERS
COMPANY PROFILES
14
  • 14.1 KEY PLAYERS
    ADM
    CARGILL, INCORPORATED
    DSM-FIRMENICH
    KERRY GROUP PLC
    BASF
    AKER BIOMARINE
    CRODA INTERNATIONAL PLC
    CORBION
    PELAGIA AS
    EVONIK INDUSTRIES AG
    KD PHARMA GROUP SA
    GC RIEBER
    COOKE AQUACULTURE INC.
    GOLDEN OMEGA
    NOVOSANA EUROPE B.V.
  • 14.2 STARTUPS/SMES
    POLARIS
    ALGISYS BIOSCIENCES INC.
    BTSA
    KINOMEGA BIOPHARM INC
    RIMFROST AS
    MARA RENEWABLES (ALGARITHM)
    SOLUTEX
    CELLANA INC.
    ZHOUSHAN SINOMEGA BIOTECH ENGINEERING CO., LTD
    ALGAECYTES LIMITED
ADJACENT & RELATED MARKETS
15
APPENDIX
16
  • 16.1 DISCUSSION GUIDE
  • 16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 16.3 AVAILABLE CUSTOMIZATIONS
  • 16.4 RELATED REPORTS
  • 16.5 AUTHOR DETAILS

Methodology

This study involved two major approaches in estimating the current size of the omega-3 market. Exhaustive secondary research was done to collect information on the type, source, application, form, and manufacturing technology (qualitative) segments of the market. The next step involved validating these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, data triangulation was used to estimate the market size of segments and subsegments.

Secondary Research

This research study involved the use of extensive secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial market study. In the secondary research process, sources such as annual reports, press releases & investor presentations of companies, white papers, food journals, certified publications, articles from recognized authors, directories, and databases were referred to to identify and collect information. Secondary research was mainly used to obtain key information about the industry’s supply chain, the pool of key players, and market classification and segmentation as per the industry trends to the bottom-most level, regional markets, and key developments from market- and technology-oriented perspectives.

Primary Research

Extensive primary research was conducted after obtaining information regarding the omega-3 market scenario through secondary research. Several primary interviews were conducted with market experts from the demand and supply sides across major countries of North America, Europe, Asia Pacific, South America, and the Rest of the World. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as chief experience officers (CXOs), vice presidents (VPs), directors from business development, marketing, research, and development teams, and related key executives from distributors and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped understand the various trends related to type, source, application, form, and region. Stakeholders from the demand side, such as functional food & beverage manufacturers, dietary supplement manufacturers, pharmaceutical product manufacturers, infant formula manufacturers, and pet-food & feed product manufacturers, were interviewed to understand the buyers’ perspective on the suppliers, products, and the outlook of their business, which will affect the overall market.

Omega-3 Market Size, and Share

Note: The three tiers of the companies are defined based on their total revenues in 2023 or 2024,
as per the availability of financial data: Tier 1: Revenue >USD 1 billion; Tier 2: USD 100 million = revenue = USD 1 billion; Tier 3:
Revenue

COMPANY NAME

DESIGNATION

Cargill, Incorporated (US)

Product Development Manager

Kerry Group plc (Ireland)

Sales Head

Corbion (Netherlands)

Marketing Head

Golden Omega (Chile)

Sales Head

dsm-firmenich (Netherlands)

Senior Research Executive

Algalr Nutrapharms Private Limited (India)

Business Development Manager

Market Size Estimation

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

  • The key players in the industry and the overall markets were identified through extensive secondary research.
  • All shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.
  • The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from leaders, such as CEOs, directors, and marketing executives.

Omega-3 Market : Top-Down and Bottom-Up Approach

Omega-3 Market Top Down and Bottom Up Approach

Data Triangulation

After determining the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation procedure was employed, wherever applicable, to estimate the overall omega-3 market and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. The market size was also validated using both the top-down and bottom-up approaches.

Market Definition

According to the US Department of Health & Human Services, "Omega-3 fatty acids (omega-3s) have a carbon-carbon double bond located three carbons from the methyl end of the chain. Omega-3s, sometimes referred to as "n-3s," are present in certain foods, such as flaxseed and fish, as well as dietary supplements, such as fish oil. Several different omega-3s exist, but the majority of scientific research focuses on three: alpha-linolenic acid (ALA), eicosapentaenoic acid (EPA), and docosahexaenoic acid (DHA). ALA contains 18 carbon atoms, whereas EPA and DHA are considered "long-chain" (LC) omega-3s because EPA contains 20 carbons, and DHA contains 22. ALA is found mainly in plant oils, such as flaxseed, soybean, and canola. DHA and EPA are found in fish and other seafood."

The market scope considered here for omega-3 is at the ingredient level and not at the end-use level.

Stakeholders

  • Raw material suppliers of omega-3
  • Omega-3 ingredient manufacturers, suppliers, and dealers
  • API, pharmaceutical products, and fortified food manufacturers
  • Fisheries and farms
  • Intermediate stakeholders, including distributors, retailers, associations, regulatory bodies, and others
  • Manufacturers and traders of food & beverage products, dietary supplements, infant formulas, pharmaceuticals, and pet food & feed
  • Government organizations, institutes, and research organizations
  • Associations and industry bodies:
    • Food and Agriculture Organization (FAO)
    • US Department of Agriculture (USDA)
    • US Food and Drug Administration (FDA)
    • Food Processing Suppliers Association (FPSA)
    • Global Organization for EPA and DHA Omega-3s (GOED)
    • Food Safety and Standards Authority of India (FSSAI)
    • International Fish Oil Standards Program (IFOS)
    • European Food Safety Authority (EFSA)

Report Objectives

  • To determine and project the size of the omega-3 market based on type, source, application, form, manufacturing technology (qualitative), and region, over five years, ranging from 2025 to 2030
  • To identify the attractive opportunities in the market by determining the largest and fastest-growing segments across regions
  • To provide detailed information about the key factors influencing market growth (drivers, restraints, opportunities, and challenges)
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the total market
  • To identify and profile the key players in the market
  • To understand the competitive landscape and identify the major growth strategies adopted by players across the key regions

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.

Geographic Analysis as per Feasibility

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

  • Further breakdown of the Rest of Europe omega-3 market into key countries
  • Further breakdown of the Rest of Asia Pacific omega-3 market into key countries
  • Further breakdown of the Rest of South America omega-3 market into key countries

Company Information

  • Detailed analyses and profiling of additional market players (up to five)

Adjacent Markets

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Growth opportunities and latent adjacency in Omega-3 Market

Nelson

Nov, 2020

Our company requires an Omega-3 market forecast till 2026, along with other global market metrics..

User

Apr, 2022

I would like to understand more about the potential opportunities for entering the omega-3 market. Is it included in the report?.

User

Apr, 2022

I am working on omega-3 market and would require data related to its application in infant foods and pet food supplements..