Global Omega 3 Market Size, Share, Growth Analysis, By Type(Docosahexaenoic acid (DHA), Eicosapentaenoic acid (EPA)), By Source(concentrates, fish oil), By Application(Supplements & Functional foods, Pharmaceuticals)

Description

Global Omega 3 Market size was valued at USD 2.10 billion in 2021 and is expected to reach USD 3.55 billion by 2028, growing at a CAGR of 7.8% during the forecast period (2022-2028).

Because there are more heart disease instances and individuals are eating different foods than they did in the past, the demand for omega-3 is greatly increasing. With the COVID-19 pandemic, the necessity of developing immunity has grown, which has fueled the industry.

Demand for the product is anticipated to rise as omega-3 elements are added to diets to support heart and brain health. Due in large part to rising consumer demand, the market for functional foods and dietary supplements is expanding rapidly on a global scale.

The global market for omega fatty acid components is expanding as a result of rising consumer knowledge of the health advantages of polyunsaturated fatty acids and the expansion of technology that increases their bioavailability.

Diverse plant-based oils, including those in nuts and fish oils, are among the sources of omega-3 fatty acids. Numerous forms of seafood provide these crucial fatty acids for wellness.

The human body needs essential fatty acids for good health. One category of important fatty acids is omega-3 fatty acids. These fatty acids are essential for human growth and development as well as brain function. It has been demonstrated that omega-3 fatty acids reduce the risk of developing chronic illnesses like cancer, heart disease, and arthritis. These elements will therefore increase demand for omega-3 on the global market.

Top-down and bottom-up approaches were used to estimate and validate the size of Asia Pacific Omega 3 Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report

The global Omega 3 market is segmented by type, source, application, and region. By type, the market is segmented into docosahexaenoic acid (DHA), eicosapentaenoic acid (EPA), and alpha-linolenic acid (ALA).By source, it is segmented into concentrates, fish oil, algal oil, krill oil, walnut, pumpkin seeds, soybean oil, canola oil, bean curd and others.By application, it is segmented into Supplements & Functional foods, Pharmaceuticals, Infant Formula, Animal Feed & Pet Food, Food & beverages, and others. By region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.

Driver

Omega-3 fatty acids help lower the risk of irregular heartbeats or arrhythmias, which can result in the patient's abrupt death. This reduces the demand for omega-3 during the forecast period. The nutrient folate can help lower blood pressure, lower triglyceride levels, and decrease the development of atherosclerotic plaque. Consumers are increasingly choosing healthier options and seeing preventive care as a vital tool to help them live better lives. Because they are a wonderful source of vitamins, proteins, and minerals and can aid in the treatment of ailments like cancer, asthma, and depression, omega 3 fatty acids are becoming more and more popular. Brand identity, nutritional value, and product safety are a few elements that influence consumers' purchase choices.

Restraints

The market is being restricted by a lack of fish due to inconsistent catches and rising demand for fish from other sources. Fish are becoming toxic due to excessive environmental metals and dangerous toxins, which will probably slow down their growth.

MarketTrends

Health issues brought on by a sedentary lifestyle, stress, ageing, and other hereditary factors have become more prevalent recently. This pattern has prompted researchers to investigate numerous substances that may have favourable effects on specific bodily processes in order to preserve general health and wellbeing. Gummy bears are quite popular right now because they are so effectively marketed. They are arranged beautifully and are simple to swallow. Many people are buying supplements in the form of gummy bears as a result of the strong promotion of these items on social media.

Product Code: SQSG30I2064

Executive Summary Market overview

Exhibit: Executive Summary - Chart on Market Overview

Exhibit: Executive Summary - Data Table on Market Overview

Exhibit: Executive Summary - Chart on Global Global Omega 3 market Characteristics

Exhibit: Executive Summary - Chart on Market by Geography

Exhibit: Executive Summary - Chart on Market Segmentation

Exhibit: Executive Summary - Chart on Incremental Growth

Exhibit: Executive Summary - Data Table on Incremental Growth

Exhibit: Executive Summary - Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

Market Dynamics
Exhibit: Impact analysis of DROC, 2021
Drivers
Opportunities
Restraints
Challenges
SWOT Analysis

KEY MARKET INSIGHTS

Technology Analysis
(Exhibit: Data Table: Name of technology and details)
Pricing Analysis
(Exhibit: Data Table: Name of technology and pricing details)
Supply Chain Analysis
(Exhibit: Detailed Supply Chain Presentation)
Value Chain Analysis
(Exhibit: Detailed Value Chain Presentation)
Ecosystem Of the Market
Exhibit: Parent Market Ecosystem Market Analysis
Exhibit: Market Characteristics of Parent Market
IP Analysis
(Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
Trade Analysis
(Exhibit: Data Table: Import and Export data details)
Startup Analysis
(Exhibit: Data Table: Emerging startups details)
Raw Material Analysis
(Exhibit: Data Table: Mapping of key raw materials)
Innovation Matrix
(Exhibit: Positioning Matrix: Mapping of new and existing technologies)
Pipeline product Analysis
(Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
Macroeconomic Indicators

COVID IMPACT

Introduction
Impact On Economy-scenario Assessment
Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
Revised Market Size
Exhibit: Data Table on Global Global Omega 3 market size and forecast 2021-2027 ($ million)
Impact Of COVID On Key Segments
Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
COVID Strategies By Company
Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

Market Dynamics
Exhibit: Impact analysis of DROC, 2021
Drivers
Opportunities
Restraints
Challenges
Regulatory Landscape
Exhibit: Data Table on regulation from different region
SWOT Analysis
Porters Analysis
Competitive rivalry
Exhibit: Competitive rivalry Impact of key factors, 2021
Threat of substitute products
Exhibit: Threat of Substitute Products Impact of key factors, 2021
Bargaining power of buyers
Exhibit: buyers bargaining power Impact of key factors, 2021
Threat of new entrants
Exhibit: Threat of new entrants Impact of key factors, 2021
Bargaining power of suppliers
Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
Skyquest special insights on future disruptions
Political Impact
Economic impact
Social Impact
Technical Impact
Environmental Impact
Legal Impact
Global Global Omega 3 market by Type
Market segments
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Data table on Market share 2021-2027 (%)
Docosahexaenoic acid (DHA)
Market Estimates & Forecast, 2020-2027
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
Eicosapentaenoic acid (EPA)
Market Estimates & Forecast, 2020-2027
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
Alpha-lionlenic acid (ALA)
Market Estimates & Forecast, 2020-2027
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
Global Global Omega 3 market by Source
Market segments
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Data table on Market share 2021-2027 (%)
concentrates
Market Estimates & Forecast, 2020-2027
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
fish oil
Market Estimates & Forecast, 2020-2027
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
algal oil
Market Estimates & Forecast, 2020-2027
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
krill oil
Market Estimates & Forecast, 2020-2027
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
walnut
Market Estimates & Forecast, 2020-2027
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
pumpkin seeds
Market Estimates & Forecast, 2020-2027
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
soybean oil
Market Estimates & Forecast, 2020-2027
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
canola oil
Market Estimates & Forecast, 2020-2027
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
bean curd
Market Estimates & Forecast, 2020-2027
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
others
Market Estimates & Forecast, 2020-2027
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
Global Global Omega 3 market by Application
Market segments
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Data table on Market share 2021-2027 (%)
Supplements & Functional foods
Market Estimates & Forecast, 2020-2027
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
Pharmaceuticals
Market Estimates & Forecast, 2020-2027
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
Infant Formula
Market Estimates & Forecast, 2020-2027
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
Animal Feed & Pet Food
Market Estimates & Forecast, 2020-2027
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
Food & beverages
Market Estimates & Forecast, 2020-2027
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
others
Market Estimates & Forecast, 2020-2027
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)

Market Size by Region

Chart on Market share by geography 2021-2027 (%)
Data Table on Market share by geography 2021-2027(%)
North America
Chart on Market share by country 2021-2027 (%)
Data Table on Market share by country 2021-2027(%)
USA
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
Canada
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
Europe
Chart on Market share by country 2021-2027 (%)
Data Table on Market share by country 2021-2027(%)
Germany
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
Spain
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
France
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
UK
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
Rest of Europe
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
Asia Pacific
Chart on Market share by country 2021-2027 (%)
Data Table on Market share by country 2021-2027(%)
China
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
India
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
Japan
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
South Korea
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
Rest of Asia Pacific
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
Latin America
Chart on Market share by country 2021-2027 (%)
Data Table on Market share by country 2021-2027(%)
Brazil
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
Rest of South America
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
Middle East & Africa (MEA)
Chart on Market share by country 2021-2027 (%)
Data Table on Market share by country 2021-2027(%)
GCC Countries
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
South Africa
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)
Rest of MEA
Exhibit: Chart on Market share 2021-2027 (%)
Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

Competitive Landscape
Total number of companies covered
Exhibit: companies covered in the report, 2021
Top companies market positioning
Exhibit: company positioning matrix, 2021
Top companies market Share
Exhibit: Pie chart analysis on company market share, 2021(%)
DSM (Netherlands)
Exhibit Company Overview
Exhibit Business Segment Overview
Exhibit Financial Updates
Exhibit Key Developments
BASF SE (Germany)
Exhibit Company Overview
Exhibit Business Segment Overview
Exhibit Financial Updates
Exhibit Key Developments
Lonza Group (Switzerland)
Exhibit Company Overview
Exhibit Business Segment Overview
Exhibit Financial Updates
Exhibit Key Developments
Glanbia Plc (Ireland)
Exhibit Company Overview
Exhibit Business Segment Overview
Exhibit Financial Updates
Exhibit Key Developments
ADM (US)
Exhibit Company Overview
Exhibit Business Segment Overview
Exhibit Financial Updates
Exhibit Key Developments
Farbest Brands (US)
Exhibit Company Overview
Exhibit Business Segment Overview
Exhibit Financial Updates
Exhibit Key Developments
SternVitamin GmbH & Co. KG (Germany)
Exhibit Company Overview
Exhibit Business Segment Overview
Exhibit Financial Updates
Exhibit Key Developments
Adisseo (France)
Exhibit Company Overview
Exhibit Business Segment Overview
Exhibit Financial Updates
Exhibit Key Developments
BTSA Biotechnologias Aplicadas S.L. (Spain)
Exhibit Company Overview
Exhibit Business Segment Overview
Exhibit Financial Updates
Exhibit Key Developments
Rabar Pty Ltd (Australia)
Exhibit Company Overview
Exhibit Business Segment Overview
Exhibit Financial Updates
Exhibit Key Developments
Golden Omega (Chile)
Exhibit Company Overview
Exhibit Business Segment Overview
Exhibit Financial Updates
Exhibit Key Developments
Kinomega Biopharm Inc. (China)
Exhibit Company Overview
Exhibit Business Segment Overview
Exhibit Financial Updates
Exhibit Key Developments
Sinomega Biotech Engineering Co. Ltd. (China)
Exhibit Company Overview
Exhibit Business Segment Overview
Exhibit Financial Updates
Exhibit Key Developments
Polaris (US)
Exhibit Company Overview
Exhibit Business Segment Overview
Exhibit Financial Updates
Exhibit Key Developments
Pharma Marine AS (Norway)
Exhibit Company Overview
Exhibit Business Segment Overview
Exhibit Financial Updates
Exhibit Key Developments
Huatai Biopharm (China)
Exhibit Company Overview
Exhibit Business Segment Overview
Exhibit Financial Updates
Exhibit Key Developments
ALGISYS LLC (US)
Exhibit Company Overview
Exhibit Business Segment Overview
Exhibit Financial Updates
Exhibit Key Developments

Global Omega 3 Market Size, Share, Growth Analysis, By Type(Docosahexaenoic acid (DHA), Eicosapentaenoic acid (EPA)), By Source(concentrates, fish oil), By Application(Supplements & Functional foods, Pharmaceuticals) - Industry Forecast 2022-2028