The global omega-3 market is anticipated to grow at a CAGR of around 7.9% during the forecast period 2020 to 2027 and to reach around US$ 4.5 Bn by 2027.
Market Dynamics
Gradual increase in number of patients suffering from cardiovascular diseases and rising awareness among consumers related to advantages of consumption of omega-3 fatty acids are major factors expected to drive the growth of global omega-3 market. According to U.S. Department of Health & Human Services, about 647,000 Americans die from heart disease each year which is 1 in every 4 deaths. Heart disease is the leading cause of death for men, women, and people of most racial and ethnic groups in the United States. In addition, increasing spending on development of enhanced products by players along with favorable government business policies are factors expected to support the growth of omega-3 market.
Major players are highly focused on strengthening the business through agreements and mergers which is expected to positively impact the growth of target market.
In 2019, KD Pharma a multinational company launched a product that is a blend of omega-3, vitamin K2, and phytosterols called Kardio3. The product helps in maintaining healthy lipids and supports heart and bone health. This product launch is expected to help the company to enhance the customer base and increase the product portfolio.
In 2019, Polaris a manufacturer of omega-3 launched product Omegavie DHA 700 algae Sensory QualitySilver that is majorly concentrated with DHA. The product is expected to help the company to enhance the reach in the field of algal omega-3 and increase the customer base.
In 2019, KD Pharma Group SA a multinational company acquired a manufacturing facility in UK with the focus to increase the capacity for manufacturing omega-3-based intermediates used in producing active pharmaceutical ingredients (APIs). This is expected to help the company to increase its revenue share.
In 2018, Corbion a global manufacturer of food and biochemicals products launched Alga Prime DHA with integrated microalgae. The product launch is expected to help the company to enhance the business and increase the revenue share.
In 2019, BASF Nutrition & Health in collaboration with Ideogen a Swiss pharmaceutical company launched omega-3 fatty acid solution to Europe that addresses the chronic condition Non-Alcoholic Fatty Liver Disease (NAFLD). This is expected to support the company revenue.
However, factors such as stringent government regulations related to product approval and side-effects of the omega-3 are expected to hamper the growth of global omega-3 market. In addition, competitive pricing is another factor expected to challenge the growth of target market.
Increasing investment for R&D activities and development of plant based products are factors expected to create new opportunities for players operating in the target market over the forecast period. In addition, players’ inclination towards tracking the untapped market in emerging economies is expected to support the revenue transaction of the omega-3 market.
Segment Analysis by Region
The market in North America is expected to account for major revenue share in the omega-3 market due to rising health concern among consumers. In addition, operation of large number of players in the region and high focus to enhance the customer base is expected to boost the growth of target market.
Moreover, introduction of innovative products and increasing merger activities to strengthen the product portfolio are factors expected to support the growth of target market.
Competitive Landscape
The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
Report coverage
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Market
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Global Omega-3 Market
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Analysis Period
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2016 – 2027
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Base Year
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2019
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Forecast Data
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2020 – 2027
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Market Stratification
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Type, Source, Application and Geography
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Report Coverage
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Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
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Omega-3 Market Segment Analysis, 2019
The global market is segmented into type, source, and application. The application segment is bifurcated into supplements & functional foods, pharmaceuticals, infant formulas, animal feed & pet food, and others. Among the application, the supplements & functional foods segment is expected to account for major revenue share in the target market.
The source segment is divided into marine source and plant source; among the source, the plant source is expected to witness faster growth in the target market.
The players profiled in the report are Aker BioMarine, Axellus, BASF SE, DSM, Omega Protein Corporation, GC Reiber Oils, KD Pharma, Guangdong Runke Bioengineering, Nordic Naturals, Golden Omega and Lonza.
Market Segmentation
Market By Type
Docosahexaenoic acid (DHA)
Eicosapentaenoic acid (EPA)
Alpha-linolenic acid (ALA)
Market By Source
Marine Source
Plant Source
Market By Application
Supplements & Functional Foods
Pharmaceuticals
Infant Formulas
Animal Feed & Pet Food
Others
Market By Region
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Omega-3
1.1. Definition and Scope
1.1.1. Definition of Omega-3
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Omega-3 Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Omega-3 Market By Type
1.2.3. Omega-3 Market By Source
1.2.4. Omega-3 Market By Application
1.2.5. Omega-3 Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Omega-3 Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Omega-3 Market
3.7. Value Chain Analysis
3.8. Cost Structure Analysis
3.8.1. Proportion of Manufacturing Cost Structure
3.8.1.1. Raw Material
3.8.1.2. Labor Cost
3.8.1.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2019
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2019
4.2. R&D Status and Application Source of Omega-3 Major Manufacturers in 2019
CHAPTER 5. Omega-3 Market By Type
5.1. Introduction
5.2. Omega-3 Revenue By Type
5.2.1. Omega-3 Revenue (US$ Mn) and Forecast, By Type, 2016-2027
5.2.2. Docosahexaenoic acid (DHA)
5.2.2.1. Docosahexaenoic acid (DHA) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Eicosapentaenoic acid (EPA)
5.2.3.1. Eicosapentaenoic acid (EPA) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4. Alpha-linolenic acid (ALA)
5.2.4.1. Alpha-linolenic acid (ALA) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Omega-3 Market Revenue By Source
6.1. Introduction
6.2. Omega-3 Revenue (US$ Mn) By Source
6.2.1. Omega-3 Revenue (US$ Mn) and Forecast By Source, 2016 - 2027
6.2.2. Marine Source
6.2.2.1. Marine Source Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Plant Source
6.2.3.1. Plant Source Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. Omega-3 Market By Application
7.1. Introduction
7.2. Omega-3 Revenue (US$ Mn) By Application
7.2.1. Omega-3 Revenue (US$ Mn) and Forecast By Application , 2016 - 2027
7.2.2. Supplements & Functional Foods
7.2.2.1. Supplements & Functional Foods Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.3. Pharmaceuticals
7.2.3.1. Pharmaceuticals Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.4. Infant Formulas
7.2.4.1. Infant Formulas Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.5. Animal Feed & Pet Food
7.2.5.1. Animal Feed & Pet Food Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.6. Others
7.2.6.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8. North America Omega-3 Market By Country
8.1. North America Omega-3 Overview
8.2. U.S.
8.2.1. U.S. Omega-3 Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
8.2.2. U.S. Omega-3 Market Revenue (US$ Mn) and Forecast By Source, 2016-2027
8.2.3. U.S. Omega-3 Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.3. Canada
8.3.1. Canada Omega-3 Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
8.3.2. Canada Omega-3 Market Revenue (US$ Mn) and Forecast By Source, 2016-2027
8.3.3. Canada Omega-3 Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.4. North America PEST Analysis
CHAPTER 9. Europe Omega-3 Market By Country
9.1. Europe Omega-3 Market Overview
9.2. U.K.
9.2.1. U.K. Omega-3 Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.2.2. U.K. Omega-3 Market Revenue (US$ Mn) and Forecast By Source, 2016-2027
9.2.3. U.K. Omega-3 Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.3. Germany
9.3.1. Germany Omega-3 Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.3.2. Germany Omega-3 Market Revenue (US$ Mn) and Forecast By Source, 2016-2027
9.3.3. Germany Omega-3 Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.4. France
9.4.1. France Omega-3 Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.4.2. France Omega-3 Market Revenue (US$ Mn) and Forecast By Source, 2016-2027
9.4.3. France Omega-3 Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.5. Spain
9.5.1. Spain Omega-3 Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.5.2. Spain Omega-3 Market Revenue (US$ Mn) and Forecast By Source, 2016-2027
9.5.3. Spain Omega-3 Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.6. Rest of Europe
9.6.1. Rest of Europe Omega-3 Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.6.2. Rest of Europe Omega-3 Market Revenue (US$ Mn) and Forecast By Source, 2016-2027
9.6.3. Rest of Europe Omega-3 Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Omega-3 Market By Country
10.1. Asia Pacific Omega-3 Market Overview
10.2. China
10.2.1. China Omega-3 Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.2.2. China Omega-3 Market Revenue (US$ Mn) and Forecast By Source, 2016 - 2027
10.2.3. China Omega-3 Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.3. Japan
10.3.1. Japan Omega-3 Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.3.2. Japan Omega-3 Market Revenue (US$ Mn) and Forecast By Source, 2016 - 2027
10.3.3. Japan Omega-3 Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.4. India
10.4.1. India Omega-3 Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.4.2. India Omega-3 Market Revenue (US$ Mn) and Forecast By Source, 2016 - 2027
10.4.3. India Omega-3 Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.5. Australia
10.5.1. Australia Omega-3 Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.5.2. Australia Omega-3 Market Revenue (US$ Mn) and Forecast By Source, 2016 - 2027
10.5.3. Australia Omega-3 Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.6. South Korea
10.6.1. South Korea Omega-3 Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.6.2. South Korea Omega-3 Market Revenue (US$ Mn) and Forecast By Source, 2016 - 2027
10.6.3. South Korea Omega-3 Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Omega-3 Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.7.2. Rest of Asia-Pacific Omega-3 Market Revenue (US$ Mn) and Forecast By Source, 2016 - 2027
10.7.3. Rest of Asia-Pacific Omega-3 Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Omega-3 Market By Country
11.1. Latin America Omega-3 Market Overview
11.2. Brazil
11.2.1. Brazil Omega-3 Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.2.2. Brazil Omega-3 Market Revenue (US$ Mn) and Forecast By Source, 2016 - 2027
11.2.3. Brazil Omega-3 Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.3. Mexico
11.3.1. Mexico Omega-3 Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.3.2. Mexico Omega-3 Market Revenue (US$ Mn) and Forecast By Source, 2016 - 2027
11.3.3. Mexico Omega-3 Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.4. Rest of Latin America
11.4.1. Rest of Latin America Omega-3 Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.4.2. Rest of Latin America Omega-3 Market Revenue (US$ Mn) and Forecast By Source, 2016 - 2027
CHAPTER 12. Middle East & Africa Omega-3 Market By Country
12.1. Middle East & Africa Omega-3 Market Overview
12.2. Saudi Arabia
12.2.1. Saudi Arabia Omega-3 Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
12.2.2. Saudi Arabia Omega-3 Market Revenue (US$ Mn) and Forecast By Source, 2016 - 2027
12.2.3. Saudi Arabia Omega-3 Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.3. UAE
12.3.1. UAE Omega-3 Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
12.3.2. UAE Omega-3 Market Revenue (US$ Mn) and Forecast By Source, 2016 - 2027
12.3.3. UAE Omega-3 Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Omega-3 Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
12.4.2. Rest of Middle East & Africa Omega-3 Market Revenue (US$ Mn) and Forecast By Source, 2016 - 2027
12.4.3. Rest of Middle East & Africa Omega-3 Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
CHAPTER 13. Player Analysis Of Omega-3
13.1. Omega-3 Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Omega-3 Market
CHAPTER 14. Company Profile
14.1. Aker BioMarine
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Mn), 2019
14.1.3.2. Aker BioMarine 2019 Omega-3 Business Regional Distribution
14.1.4. Product/ Service and Specification
14.1.5. Recent Developments & Business Strategy
14.1.6. Manufacturing Plant Footprint Analysis
14.2. Axellus
14.3. BASF SE
14.4. DSM
14.5. Omega Protein Corporation
14.6. GC Reiber Oils
14.7. KD Pharma
14.8. Guangdong Runke Bioengineering
14.9. Nordic Naturals
14.10. Golden Omega
14.11. Lonza
14.12. Others
