Omega-3 Market by Type, Source, Application

List of Tables

[198 Pages Report] The Omega-3 Market size was estimated at USD 2.89 billion in 2023 and expected to reach USD 3.10 billion in 2024, at a CAGR 7.52% to reach USD 4.80 billion by 2030.

The Omega-3 market encompasses the global production, distribution, and sale of Omega-3 fatty acids, essential polyunsaturated fats beneficial for human health. The omega-3 is crucial for brain function and normal growth and development. Growing public awareness about the benefits of Omega-3 fatty acids is driving consumer demand. The increasing incidence of chronic diseases globally leads to higher consumption of Omega-3-enriched products. Favorable regulations regarding fish farming and Omega-3 supplement production are stimulating market growth. However, overfishing and the environmental consequences of fish oil extraction are major concerns that could restrain market growth. The cost associated with extracting and processing Omega-3 fatty acids can limit market growth, particularly in cost-sensitive markets. Moreover, advancements in Omega-3 extraction technologies and the development of vegan omega-3 sources from algae create new market diversification and growth potential. The optimization of supply chains for better sustainability and cost-effectiveness can offer competitive advantages and open new avenues for market expansion.

KEY MARKET STATISTICS
Base Year [2023]	USD 2.89 billion
Estimated Year [2024]	USD 3.10 billion
Forecast Year [2030]	USD 4.80 billion
CAGR (%)	7.52%

Type: Need-based preference for Docosahexaenoic Acid (DHA) in infant formula

Alpha-linolenic Acid (ALA) is a plant-based omega-3 fatty acid primarily found in flaxseed, soybeans, and walnuts. Alpha-linolenic acid is a crucial dietary component for vegetarians and individuals who are allergic or averse to fish. Docosahexaenoic Acid (DHA) is an omega-3 fatty acid vital for brain and eye health. Predominantly found in fish and algae oil, DHA is crucial during pregnancy and early childhood development. Eicosapentaenoic Acid (EPA) is another crucial fatty acid found in fish and algae oil, known for its anti-inflammatory properties and role in heart health. EPA is predominantly sought after by individuals aiming to manage cholesterol levels, prevent heart disease, and combat inflammation.

Application: Diverse applications of Omega-3 fatty acids in supplements & functional foods for health improvements

Animal feed & pet food utilize Omega-3 to enhance the nutritional profile of feed products, aiming to improve the overall health of livestock and pets. Omega-3 fatty acids are important for cognitive development, cardiovascular health, and coat quality in animals. Omega-3s, particularly DHA (Docosahexaenoic Acid), are vital for infant brain development and vision. The usage of infant formula has increased due to tothe need for nutritional supplements that mimic the benefits of breast milk. Omega-3 fatty acids have therapeutic applications in treating conditions such as hypertriglyceridemia. Omega-3 fatty acids are also explored for potential benefits in mental health disorders and inflammatory diseases. Supplements & functional foods cater to individuals seeking to improve or maintain their health and well-being through diet.

Regional Insights

The Americas represents a significant share of the Omega-3 market due to its well-established healthcare sector and increasing consumer awareness about dietary supplements. The demand for Omega-3 in the United States is primarily driven by its applications in heart health, cognitive development, and overall wellness. Canada's cold-water fish resources make it an important Omega-3 manufacturing hub. Canadian consumers show a high preference for natural and sustainable health products, which has led to growth in the eco-friendly segment of Omega-3 products. The European market for Omega-3 is highly regulated, with stringent quality and sustainability standards. The demand is mainly for high-concentration, clinically supported Omega-3 products. In the Middle East, the increasing prevalence of lifestyle diseases has led to a surge in demand for Omega-3 supplements. However, consumer awareness remains relatively low compared to other regions. Africa's Omega-3 market is still in its infancy but shows potential for growth due to its vast population and increasing health awareness. In the APAC region, China is rapidly emerging as a major player in the Omega-3 market due to its immense population and growing health consciousness among consumers. Japan has a long-standing tradition of consuming fish, making Omega-3 an integral part of the diet. India's Omega-3 market is poised for rapid growth, driven by rising incomes and increasing awareness about nutritional supplements.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Omega-3 Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Omega-3 Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Omega-3 Market, highlighting leading vendors and their innovative profiles. These include AlgiSys, LLC, Amway Corporation, Archer Daniels Midland Company, Atmantan Naturals, BASF SE, BTSA BIOTECNOLOGIAS APLICADAS S.L,, Cargill, Incorporated, Corebolics, Evonik Industries AG, GNC Holdings, LLC, Grontvedt Biotech, Higher Nature Ltd, Kerry Group plc, Koninklijke DSM N.V., MiAlgae Ltd, Moller by Orkla ASA, Natals, Inc., Nestle S.A., Nordic Naturals, NOW Health Group, Inc, Pure Foods, Reckitt Benckiser Group plc, Transparent Labs, U.G.A. Nutrasceuticals Srl, and Unilever PLC.

Market Segmentation & Coverage

This research report categorizes the Omega-3 Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Alpha-linolenic Acid
- Docosahexaenoic Acid
- Eicosapentaenoic Acid

Source
- Animal Source
- Plant Source

Application
- Animal Feed & Pet Food
- Infant Formula
- Pharmaceuticals
- Supplements & functional foods

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Omega-3 Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Omega-3 Market?

3. What are the technology trends and regulatory frameworks in the Omega-3 Market?

4. What is the market share of the leading vendors in the Omega-3 Market?

5. Which modes and strategic moves are suitable for entering the Omega-3 Market?

Product Code: MRR-A413C23B64CC

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing incidences of cardiovascular issues and awareness about the health benefits of omega-3
  - 5.1.1.2. Growing wellness initiatives by private and public entities and the adoption of social media to improve customer outreach
  - 5.1.1.3. Regulatory approvals for emerging omega-3 products
- 5.1.2. Restraints
  - 5.1.2.1. Product recalls of omega-3 products and technical limitations affecting the efficiency and shelf-life of omega-3
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements to improve the safety, performance, and production of omega-3 products
  - 5.1.3.2. Availability of plant-based and sustainable omega-3 products and expansion of online distribution channels for health products
- 5.1.4. Challenges
  - 5.1.4.1. Complexities associated with production, sourcing, and environmental concerns of omega-3
5.2. Market Segmentation Analysis
- 5.2.1. Type: Need-based preference for Docosahexaenoic Acid (DHA) in infant formula
- 5.2.2. Application: Diverse applications of Omega-3 fatty acids in supplements & functional foods for health improvements
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Omega-3 Market, by Type

6.1. Introduction
6.2. Alpha-linolenic Acid
6.3. Docosahexaenoic Acid
6.4. Eicosapentaenoic Acid

7. Omega-3 Market, by Source

7.1. Introduction
7.2. Animal Source
7.3. Plant Source

8. Omega-3 Market, by Application

8.1. Introduction
8.2. Animal Feed & Pet Food
8.3. Infant Formula
8.4. Pharmaceuticals
8.5. Supplements & functional foods

9. Americas Omega-3 Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Omega-3 Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Omega-3 Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Ritual Launches Omega-3 DHA and EPA Supplement
- 12.3.2. Nutriterra Launches Powdered Omega-3 Canola Oil with Partner Company Connoils
- 12.3.3. DSM-firmenich to Launch Algal Omega-3 with EPA/DHA Ratio Matching Fish Oil
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio