PUBLISHER: Polaris Market Research | PRODUCT CODE: 1504971
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1504971
North America Omega 3 Market Share, Size, Trends, Industry Analysis Report, By Type (DHA (Docosahexaenoic Acid), ALA (Alpha Linolenic Acid), and EPA (Eicosapentaenoic Acid)); By Source; by Application; By Country; Segment Forecast, 2024- 2032
The North America omega 3 market size is expected to reach USD 1,567.13 million by 2032, according to a new study by Polaris Market Research. The report "North America Omega 3 Market Share, Size, Trends, Industry Analysis Report, By Type (DHA (Docosahexaenoic Acid), ALA (Alpha Linolenic Acid), and EPA (Eicosapentaenoic Acid)); By Source by Application; By Country; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
In the North American market, omega-3 fatty acids have emerged as vital nutrients offering a plethora of health benefits, crucial for overall well-being and reducing the risk of chronic diseases. Found predominantly in specific fish, nuts, seeds, and plant oils, omega-3 incorporation into diets has been linked to a myriad of advantages, including enhanced cardiovascular health, diminished inflammation, and improved brain function.
Research features omega-3s' pivotal role in lowering bloodstream triglyceride levels, consequently mitigating heart disease risk. Additionally, their anti-inflammatory properties hold promise in alleviating symptoms of conditions like arthritis and inflammatory bowel disease. Moreover, these fatty acids are indispensable for brain health and cognitive function, with studies suggesting potential in curbing cognitive decline while enhancing memory and concentration. Consequently, the market for omega-3 products has witnessed remarkable growth, buoyed by heightened consumer awareness regarding their pivotal role in health and wellness.
This expansion is further propelled by a surge in health consciousness and a burgeoning focus on preventive healthcare, prompting consumers to seek out omega-3-fortified foods and supplements. The market encompasses a diverse array of products, including fish oil supplements, fortified foods and beverages, and pharmaceuticals. Moreover, technological advancements in extraction techniques have paved the way for innovative omega-3 products boasting improved bioavailability and reduced fishy aftertaste, aligning with consumer preferences for convenient and palatable options. Several factors underpin the growth of the omega-3 market, including the prevalence of lifestyle-related health conditions such as cardiovascular diseases, obesity, and diabetes, fueling demand for nutritional supplements and functional foods rich in omega-3 fatty acids.
In the North American market, the growth of the omega-3 industry is further propelled by strides in extraction and purification technologies. These advancements empower manufacturers to yield premium-grade omega-3 ingredients in a cost-effective manner. Moreover, regulatory approvals and certifications validating the health advantages of omega-3s have fortified consumer trust and streamlined market expansion across diverse geographical areas.
North America Omega 3 Market Report Highlights Top of Form
In 2023, the marine-based segment accounted for the largest market share in the North America omega 3 market. The marine-based omega-3 industry in North America is well-established, with a long history of fish oil extraction and processing.
The pharmaceutical segment is expected to grow at the fastest CAGR during the forecast period. Growing awareness among consumers about the importance of omega-3 fatty acids for health and wellness also contributes to the demand for pharmaceutical-grade products. Consumers are increasingly seeking out high-quality, clinically proven formulations of omega-3s, which pharmaceutical companies can provide.
In 2023, United States dominated the largest market. The omega-3 market in the United States offers a wide range of products, including fish oil supplements, krill oil supplements, fortified foods, and pharmaceutical-grade omega-3 drugs. This diversity of products caters to different consumer preferences and dietary needs, contributing to market expansion.
The key market players are AKER BIOMARINE, BASF SE, Croda International Plc., Pelagia Holding AS, GC Rieber, DSM-Firmenich AG, Omega Protein Corporation, Corbion, Nuseed Global, Cargill Inc.
Polaris Market Research has segmented the North America omega 3 market report based on Type, source, application, and country.
North America Omega 3, Type Outlook (Revenue - USD Million, 2019 - 2032)
- DHA (Docosahexaenoic Acid)
- ALA (Alpha Linolenic Acid)
- EPA (Eicosapentaenoic Acid)
North America Omega 3, Source Outlook (Revenue - USD Million, 2019 - 2032)
- Plant-Based
- Marine-Based
North America Omega 3, Application Outlook (Revenue - USD Million, 2019 - 2032)
- Pharmaceutical
- Dietary Supplements
- Animal Feed & Pet Food
- Functional Food & Beverages
- Infant Formula
North America Omega 3, Country Outlook (Revenue - USD Million, 2019 - 2032)
- U.S.
- Canada
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. North America Omega 3 Market Insights
- 4.1. North America Omega 3 Market - Industry Snapshot
- 4.2. North America Omega 3 Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. The rising healthcare expenditure had spurred the product demand
- 4.2.1.2. Increasing Consumer Awareness
- 4.2.2. Restraints and Challenges
- 4.2.2.1. The availability of alternative sources of omega-3 fatty acids
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. North America Omega 3 Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. North America Omega 3 Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. North America Omega 3, by Type, 2019-2032 (USD Million)
- 5.3. DHA (Docosahexaenoic Acid)
- 5.3.1. North America Omega 3 Market, by DHA (Docosahexaenoic Acid), 2019-2032 (USD Million)
- 5.4. ALA (Alpha Linolenic Acid)
- 5.4.1. North America Omega 3 Market, by ALA (Alpha Linolenic Acid), 2019-2032 (USD Million)
- 5.5. EPA (Eicosapentaenoic Acid)
- 5.5.1. North America Omega 3 Market, by EPA (Eicosapentaenoic Acid), 2019-2032 (USD Million)
6. North America Omega 3 Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. North America Omega 3 Market, by Application, 2019-2032 (USD Million)
- 6.3. Pharmaceutical
- 6.3.1. North America Omega 3 Market, by Pharmaceutical, 2019-2032 (USD Million)
- 6.4. Dietary Supplements
- 6.4.1. North America Omega 3 Market, by Dietary Supplements, 2019-2032 (USD Million)
- 6.5. Animal Feed & Pet Food
- 6.5.1. North America Omega 3 Market, by Animal Feed & Pet Food, 2019-2032 (USD Million)
- 6.6. Functional Food & Beverages
- 6.6.1. North America Omega 3 Market, by Functional Food & Beverages, 2019-2032 (USD Million)
- 6.7. Infant Formula
- 6.7.1. North America Omega 3 Market, by Infant Formula, 2019-2032 (USD Million)
7. North America Omega 3 Market, by Source
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. North America Omega 3 Market, by Source, 2019-2032 (USD Million)
- 7.3. Plant-Based
- 7.3.1. North America Omega 3 Market, by Plant-Based, 2019-2032 (USD Million)
- 7.4. Marine-Based
- 7.4.1. North America Omega 3 Market, by Marine-Based, 2019-2032 (USD Million)
8. North America Omega 3 Market, by Countries
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. North America Omega 3 Market Assessment, By Countries, 2019-2032 (USD Million)
- 8.2.2. North America Omega 3 Market - U.S
- 8.2.2.1. U.S: North America Omega 3 Market, by Application, 2019-2032 (USD Million)
- 8.2.2.2. U.S: North America Omega 3 Market, by Type, 2019-2032 (USD Million)
- 8.2.2.3. U.S: North America Omega 3 Market, by Source, 2019-2032 (USD Million)
- 8.2.3. North America Omega 3 Market - Canada
- 8.2.3.1. Canada.: North America Omega 3 Market, by Application, 2019-2032 (USD Million)
- 8.2.3.2. Canada.: North America Omega 3 Market, by Type, 2019-2032 (USD Million)
- 8.2.3.3. Canada.: North America Omega 3 Market, by Source, 2019-2032 (USD Million)
- 8.2.4. North America Omega 3 Market - Rest of North America
- 8.2.4.1. Rest of North America.: North America Omega 3 Market, by Application, 2019-2032 (USD Million)
- 8.2.4.2. Rest of North America.: North America Omega 3 Market, by Type, 2019-2032 (USD Million)
- 8.2.4.3. Rest of North America.: North America Omega 3 Market, by Source, 2019-2032 (USD Million)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. AKER BIOMARINE
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Type Benchmarking
- 10.1.4. Recent Development
- 10.2. BASF SE
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Type Benchmarking
- 10.2.4. Recent Development
- 10.3. Croda International Plc
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Type Benchmarking
- 10.3.4. Recent Development
- 10.4. GC Rieber
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Type Benchmarking
- 10.4.4. Recent Development
- 10.5. DSM-Firmenich AG
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Type Benchmarking
- 10.5.4. Recent Development
- 10.6. Omega Protein Corporation
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Type Benchmarking
- 10.6.4. Recent Development
- 10.7. Corbion
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Type Benchmarking
- 10.7.4. Recent Development
- 10.8. Nuseed Global
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Type Benchmarking
- 10.8.4. Recent Development
- 10.9. Cargill Inc.
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Type Benchmarking
- 10.9.4. Recent Development
List of Tables
- Table 1 North America Omega 3 Market, by Application, 2019-2032 (USD Million)
- Table 2 North America Omega 3 Market, by Type, 2019-2032 (USD Million)
- Table 3 North America Omega 3 Market, by Source, 2019-2032 (USD Million)
- Table 4 North America Omega 3 Market Assessment, By Countries, 2019-2032 (USD Million)
- Table 5 U.S: North America Omega 3 Market, by Application, 2019-2032 (USD Million)
- Table 6 U.S: North America Omega 3 Market, by Type, 2019-2032 (USD Million)
- Table 7 U.S: North America Omega 3 Market, by Source, 2019-2032 (USD Million)
- Table 8 U.S: North America Omega 3 Market, by Material, 2019-2032 (USD Million)
- Table 9 U.S: North America Omega 3 Market, by Installation Type, 2019-2032 (USD Million)
- Table 10 Canada.: North America Omega 3 Market, by Application, 2019-2032 (USD Million)
- Table 11 Canada.: North America Omega 3 Market, by Type, 2019-2032 (USD Million)
- Table 12 Canada.: North America Omega 3 Market, by Source, 2019-2032 (USD Million)
- Table 13 Canada.: North America Omega 3 Market, by Material, 2019-2032 (USD Million)
- Table 14 Canada.: North America Omega 3 Market, by Installation Type, 2019-2032 (USD Million)
List of Figures
- Figure 1 North America Omega 3 Market, 2019-2032 (USD Million)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Countries
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 North America Omega 3 Market, by Application, 2021 & 2030 (USD Million)
- Figure 8 Market by Type
- Figure 9 North America Omega 3 Market, by Type, 2021 & 2030 (USD Million)
- Figure 10 Market by Source
- Figure 11 North America Omega 3 Market, by Application, 2021 & 2030 (USD Million)
- Figure 12 Market by Material
- Figure 13 North America Omega 3 Market, by Material, 2021 & 2030 (USD Million)
- Figure 14 Market by Installation Type
- Figure 15 North America Omega 3 Market, by Installation Type, 2021 & 2030 (USD Million)
- Figure 16 North America Omega 3 Market Assessment, By Countries, 2019-2032 (USD Million)
- Figure 17 Strategic Analysis - North America Omega 3 Market
