Omega-3 Market by Type, Source, Application - Global Opportunity Analysis and Industry Forecast, 2014 - 2022

  • ID: 3843646
  • Report
  • Region: Global
  • 147 pages
  • Allied Analytics LLP
1 of 5

FEATURED COMPANIES

  • Cargill Incorporated
  • Croda International Plc
  • FMC Corporation
  • GC Rieber Oils
  • OLVEA Fish Oils
  • Omega Protein Corporation
  • MORE
Omega-3 is a polyunsaturated fatty acids (PUFAs) with a carbon double bond at the third carbon position from the tail-end of the carbon chain. It is primarily obtained from various sources such as fish oil, krill oil, algal oil, walnut, pumpkin seed, and soybean oil. Alpha-linolenic acid (ALA), docosahexaenoic acid (DHA), and eicosapentaenoic acid (EPA) are the major type of omega-3 that are vital for normal human metabolism. Regulatory bodies, such as FDA, have drafted specifications regarding the consumption of omega-3. For instance, the consumption of omega-3 fatty acid per day is limited to 1,500mg. in Russia. Likewise, it is 500mg for France, 450mg for Norway, and 160mg for Australia and New Zealand. The global omega-3 market is projected to reach $ 6,955 million by 2022.

The world omega-3 market is driven by factors such as scientifically proven health benefits and increasing awareness among consumers about healthy eating and balanced diet. This factor is expected to have a significant impact on the market growth due to increasing awareness among individuals. Omega 3 intake helps in preventing chronic diseases such as cancer, arthritis, and cardiovascular diseases. In addition, omega-3 supplements, such as EPA and DHA help in preventing prostrate, colon, and breast cancers. However, high cost of manufacturing coupled with stringent regulatory barriers are some of the key challenges faced by market players.

The global omega-3 market is segmented based on type, source, application, and geography. DHA segment dominated the overall omega-3 market with more than three-fourths share in 2015; whereas, the ALA and EPA segments jointly accounted for one-fourth revenue share of the market in the same year. ALA segment is the projected to grow rapidly registering a CAGR of 15.8% from 2016 to 2022. Furthermore, omega-3 is classified based on source into marine, nuts & seeds, vegetable oils, and soya & soya products. Based on application, the market is divided into dietary supplements, pharmaceuticals, infant formulas, food & beverages, pet food, and fish feed. Pharmaceutical application segment is expected to grow rapidly registering a CAGR of 18% from 2016 to 2022. The world omega-3 market is analyzed based on four regions, namely, North America, Europe, Asia-Pacific, and LAMEA. North America region dominated the global market by accounting for more than one-third share of the overall market in 2015, followed by the Asia-Pacific and European regions.

The top players in the market have heavily invested in R&D activities to develop advanced products to cater to the high demand of the market. Some of the major players profiled in the report include Cargill, Incorporated, FMC Corporation, Croda International Plc, Royal DSM, OLVEA Fish Oils, Omega Protein Corporation, GC Rieber Oils, Luhua Biomarine (Shandong) Co., Ltd., Pharma Marine AS, and Polaris. Cargill, Inc. is the leading player in the market, owing to its extensive product portfolio and superior market positioning in more than 67 countries across the globe.

KEY BENEFITS

The report provides an in-depth analysis of the world omega-3 market along with current trends and future estimations, in terms of both value and volume, for the period of 2016–2022
The report provides information about the current market situation, changing market dynamics, expected trends, and market intelligence.
In-depth market analysis of the market has been provided for more than 25 different countries for each geographic region.
The factors that drive and impede the market growth have been comprehensively analyzed in this study.
SWOT analysis highlights the internal environment of leading companies for effective strategy formulation.
The report contains a comprehensive study of the key strategies adopted by companies to gain traction in the market.
Microlevel analysis is conducted based on type, source, application, and region.
The report provides a country-wise analysis of the omega-3 market based on type and application.

OMEGA-3 MARKET SEGMENTS

The world omega-3 market is segmented on the basis of type, source, application, and geography.

By Type

Alpha-Linolenic Acid (ALA)
Docosahexaenoic Acid (DHA)
Eicosapentaenoic Acid (EPA)

By Source

Marine
Fish Oil & Krill Oil
Algal Oil
Nuts and Seeds
Walnut
Pumpkin Seeds
Others (Hazelnuts, Chia Seeds, Tahini)
Vegetable Oils
Soybean Oil
Canola Oil
Others (Olive Oil, Flaxseed Oil)
Soya and Soya Products
Soya Milk
Bean Curd

By Application

Dietary Supplement
Pharmaceutical
Infant Formula
Food & Beverage
Pet Food
Fish Feed

By Geography

North America
U.S.
Canada
Mexico

Europe
Austria
Norway
Ireland
Iceland
Sweden
Switzerland
The Netherlands
Poland
Spain
UK
Italy
Germany
Russia
France
Finland
Belgium
Rest of Europe

Asia-Pacific
China
India
Indonesia
Rest of Asia-Pacific

LAMEA
South Africa
Brazil
Rest of LAMEA
READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Cargill Incorporated
  • Croda International Plc
  • FMC Corporation
  • GC Rieber Oils
  • OLVEA Fish Oils
  • Omega Protein Corporation
  • MORE
CHAPTER 1 INTRODUCTION

1.1 Report description
1.2 Key market benefits
1.3 Key market segments
1.4 Research methodology

1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1 CXO perspective
2.2 Market beyond: what to expect by 2027

2.2.1 Moderate growth scenario
2.2.2 Rapid growth scenario
2.2.3 Diminishing growth scenario

CHAPTER 3 MARKET OVERVIEW

3.1 Market definition and scope
3.2 Key findings

3.2.1 Top investment pockets
3.2.2 Top winning strategies

3.3 Porters five forces analysis

3.3.1 Bargaining power of the supplier
3.3.2 Bargaining power of the buyer
3.3.3 Threat of new entrants
3.3.4 Threat of substitute
3.3.5 Competitive rivalry

3.4 Top player positioning, 2015
3.5 Regulatory scenario
3.6 Raw material analysis
3.7 Market Dynamics

3.7.1 Drivers

3.7.1.1 Increasing awareness among consumer on healthy and balanced diet
3.7.1.2 Health benefits of Omega-3

3.7.2 Restraints

3.7.2.1 Cost of Omega-3 fatty acids
3.7.2.2 Regulatory Barriers

3.7.3 Opportunity

3.7.3.1 Scientific research & development on Omega-3 is foraying into newer applications in healthcare sector

CHAPTER 4 WORLD OMEGA-3 MARKET, BY TYPE

4.1 Introduction

4.1.1 Market size and forecast

4.2 ALA (alpha-linolenic acid)

4.2.1 Key market trends
4.2.2 Key growth factors and opportunities
4.2.3 Market size and forecast

4.3 DHA (docosahexaenoic acid)

4.3.1 Key market trends, growth factors, and opportunities
4.3.2 Market size and forecast

4.4 EPA (eicosapentaenoic acid)

4.4.1 Key market trends, Growth Factors and Opportunities
4.4.2 Market size and forecast

CHAPTER 5 WORLD OMEGA-3 MARKET, BY SOURCE

5.1 Introduction

5.1.1 Market size and forecast

5.2 Marine

5.2.1 Market size and forecast
5.2.2 Fish Oil & Krill Oil
5.2.3 Algal Oil

5.3 Nuts and Seeds

5.3.1 Market size and forecast
5.3.2 Walnut
5.3.3 Pumpkin Seeds
5.3.4 Others (Hazelnuts, Chia Seeds, Tahini)

5.4 Vegetable oils

5.4.1 Market size and forecast
5.4.2 Soybean Oil
5.4.3 Canola Oil
5.4.4 Others (Olive Oil, Flaxseed Oil)

5.5 Soya and Soya Products

5.5.1 Market size and forecast
5.5.2 Soya milk
5.5.3 Bean curd

CHAPTER 6 WORLD OMEGA-3 MARKET, BY APPLICATION

6.1 Introduction

6.1.1 Market size and forecast

6.2 Dietary supplement

6.2.1 Market size and forecast

6.3 Pharmaceutical

6.3.1 Market size and forecast

6.4 Infant formula

6.4.1 Market size and forecast

6.5 Food & Beverages

6.5.1 Market size and forecast

6.6 Pet Foods

6.6.1 Market size and forecast

6.7 Fish feed

6.7.1 Market size and forecast

CHAPTER 7 WORLD OMEGA-3 MARKET, BY GEOGRAPHY

7.1 Introduction

7.1.1 Market size and forecast

7.2 North America

7.2.1 Key market trends, growth factors, and opportunities
7.2.2 Market size and forecast
7.2.3 U.S.
7.2.4 Canada
7.2.5 Mexico

7.3 Europe

7.3.1 Key market trends, growth factors, and opportunities
7.3.2 Market size and forecast
7.3.3 Austria
7.3.4 Norway
7.3.5 Ireland
7.3.6 Iceland
7.3.7 Sweden
7.3.8 Switzerland
7.3.9 Netherlands
7.3.10 Poland
7.3.11 Spain
7.3.12 UK
7.3.13 Italy
7.3.14 Germany
7.3.15 Russia
7.3.16 France
7.3.17 Finland
7.3.18 Belgium
7.3.19 Rest of Europe

7.4 Asia-Pacific

7.4.1 Key market trends, growth factors, and opportunities
7.4.2 Market size and forecast
7.4.3 China
7.4.4 India
7.4.5 Indonesia
7.4.6 Rest of Asia-Pacific

7.5 LAMEA

7.5.1 Key market trends, growth factors, and opportunities
7.5.2 Market size and forecast
7.5.3 South Africa
7.5.4 Brazil
7.5.5 Rest of LAMEA

CHAPTER 8 WORLD OMEGA-3 MARKET, COMPANY PROFILES

8.1 Cargill, Inc.

8.1.1 Company overview
8.1.2 Operating business segments
8.1.3 Business performance
8.1.4 Key strategic moves and developments
8.1.5 SWOT analysis

8.2 FMC Corporation

8.2.1 Company overview
8.2.2 Operating business segments
8.2.3 Business performance
8.2.4 Key strategic moves and developments
8.2.5 SWOT analysis

8.3 Croda International Plc.

8.3.1 Company overview
8.3.2 Operating business segments
8.3.3 Business performance
8.3.4 Key strategic moves and developments
8.3.5 SWOT analysis

8.4 Royal DSM

8.4.1 Company overview
8.4.2 Operating business segments
8.4.3 Business performance
8.4.4 Key strategic moves and developments
8.4.5 SWOT analysis

8.5 Omega Protein Corporation

8.5.1 Company overview
8.5.2 Operating business segments
8.5.3 Business performance
8.5.4 Key strategic moves and developments
8.5.5 SWOT analysis

8.6 Olvea Fish Oils

8.6.1 Company overview
8.6.2 Key strategic moves and developments
8.6.3 SWOT analysis

8.7 Pharma Marine AS

8.7.1 Company overview
8.7.2 Key strategic moves and developments
8.7.3 SWOT analysis

8.8 LUHUA BIOMARINE (SHADONG) CO., LTD.

8.8.1 Company overview
8.8.2 Key strategic moves and developments
8.8.3 SWOT analysis

8.9 Polaris

8.9.1 Company overview
8.9.2 Key strategic moves and developments
8.9.3 SWOT analysis

8.10 GC Reiber Oils

8.10.1 Company overview
8.10.2 Operating business segments
8.10.3 Business performance
8.10.4 Key strategic moves and developments
8.10.5 SWOT Analysis

List Of Tables

Table 1 Moderate Growth Scenario: World Omega-3 Market, By Geography, 20222027 (Mt)
Table 2 Moderate Growth Scenario: World Omega-3 Market, By Geography, 20222027 ($Million)
Table 3 Rapid Growth Scenario: World Omega-3 Market, By Geography, 20222027 (Mt)
Table 4 Rapid Growth Scenario: World Omega-3 Market, By Geography, 20222027 ($Million)
Table 5 Diminishing Growth Scenario: World Omega-3 Market, By Geography, 20222027 (Mt)
Table 6 Diminishing Growth Scenario: World Omega-3 Market, By Geography, 20222027 ($Million)
Table 7 List Of Worldwide Omega-3 Regulations
Table 8 Omega-3 Content In Commercial Fish Oil (%)
Table 9 Omega-3 Content In Vegetable Oil (%)
Table 10 Regulating Body, By Region
Table 11 World Omega-3 Market Volume, By Type, 20142022 (Mt)
Table 12 World Omega-3 Market Revenue, By Type, 20142022 ($Million)
Table 13 Ala Content, By Source (%)
Table 14 World Ala Omega-3 Market Volume, By Geography, 20142022 (Mt)
Table 15 World Ala Omega-3 Market Revenue, By Geography, 20142022 ($Million)
Table 16 World Dha Omega-3 Market Volume, By Geography, 20142022 (Mt)
Table 17 World Dha Omega-3 Market Revenue, By Geography, 20142022 ($Million)
Table 18 World Epa Omega-3 Market Volume, By Geography, 20142022 (Mt)
Table 19 World Epa Omega-3 Market Revenue, By Geography, 20142022 ($Million)
Table 20 World Omega-3 Market Volume, By Source, 20142022 (Mt)
Table 21 World Omega-3 Market Revenue, By Source, 20142022 ($Million)
Table 22 World Marine Omega-3 Market Volume, By Source, 20142022 (Mt)
Table 23 World Marine Omega-3 Market Revenue, By Source, 20142022 ($Million)
Table 24 World Marine-Based Omega-3 Market Revenue, By Geography, 20142022 ($Million)
Table 25 World Nuts And Seeds Omega-3 Market Volume, By Source, 2014-2022 (Mt)
Table 26 World Nuts And Seeds Omega-3 Market Revenue, By Source, 20142022 ($Million)
Table 27 World Nuts And Seeds-Based Omega-3 Market Revenue, By Geography, 20142022 ($Million)
Table 28 World Vegetable Oils Omega-3 Market Volume, By Source, 2014-2022 (Mt)
Table 29 World Vegetable Oils Omega-3 Market Revenue, By Source, 2014-2022 ($Million)
Table 30 World Vegetable Oil-Based Omega-3 Market Revenue, By Geography, 2014-2022 ($Million)
Table 31 World Soya And Soya Products-Based Omega-3 Market Revenue, By Geography, 2014-2022 ($Million)
Table 32 World Omega-3 Market Volume, By Application, 20142022 (Mt)
Table 33 World Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 34 World Omega-3 In Dietary Supplement Market Volume, By Geography, 2014-2022 (Mt)
Table 35 World Omega-3 In Dietary Supplement Market Revenue, By Geography, 2014-2022 ($Million)
Table 36 World Omega-3 In Pharmaceutical Market Volume, By Geography, 20142022 (Mt)
Table 37 World Omega-3 In Pharmaceutical Market Revenue, By Geography, 20142022 ($Million)
Table 38 World Omega-3 In Infant Formula Market Volume, By Geography, 2014-2022 (Mt)
Table 39 World Omega-3 In Infant Formula Market Revenue, By Geography, 20142022 ($Million)
Table 40 World Omega-3 In Food & Beverages Market Volume, By Geography, 20142022 (Mt)
Table 41 World Omega-3 In Food & Beverages Market Revenue, By Geography, 20142022 ($Million)
Table 42 World Omega-3 In Pet Foods Market Volume, By Geography, 20142022 (Mt)
Table 43 World Omega-3 In Pet Foods Market Revenue, By Geography, 2014-2022 ($Million)
Table 44 World Omega-3 In Fish Feed Market Volume, By Geography, 20142022 (Mt)
Table 45 World Omega-3 In Fish Feed Market Revenue, By Geography, 20142022 ($Million)
Table 46 World Omega-3 Market Volume, By Geography, 20142022 (Mt)
Table 47 World Omega-3 Market Revenue, By Geography, 20142022 ($Million)
Table 48 North America: Omega-3 Market Volume, By Type, 20142022 (Mt)
Table 49 North America: Omega-3 Market Revenue, By Type, 20142022 ($Million)
Table 50 North America: Omega-3 Market Revenue, By Source, 20142022 ($Million)
Table 51 North America: Omega-3 Market Volume, By Application, 20142022 (Mt)
Table 52 North America: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 53 North America: Omega-3 Market Revenue, By Country, 20142022 ($Million)
Table 54 U.S. Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 55 Canada Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 56 Mexico: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 57 Europe: Omega-3 Market Volume, By Type, 20142022 (Mt)
Table 58 Europe Omega-3 Market Revenue, By Type, 20142022 ($Million)
Table 59 Europe: Omega-3 Market Revenue, By Source, 20142022 ($Million)
Table 60 Europe: Omega-3 Market Volume, By Application, 20142022 (Mt)
Table 61 Europe Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 62 Austria: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 63 Norway: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 64 Ireland: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 65 Iceland: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 66 Sweden: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 67 Switzerland: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 68 Netherlands: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 69 Poland: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 70 Spain: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 71 Uk: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 72 Italy: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 73 Germany: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 74 Russia: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 75 France: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 76 Finland: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 77 Belgium: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 78 Rest Of Europe: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 79 Asia-Pacific: Omega-3 Market Volume, By Type, 20142022 (Mt)
Table 80 Asia-Pacific: Omega-3 Market Revenue, By Type, 20142022 ($Million)
Table 81 Asia-Pacific: Omega-3 Market Revenue, By Source, 20142022 ($Million)
Table 82 Asia-Pacific: Omega-3 Market Volume, By Application, 20142022 (Mt)
Table 83 Asia-Pacific: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 84 Asia-Pacific: Omega-3 Market Revenue, By Country, 20142022 ($Million)
Table 85 China: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 86 India: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 87 Indonesia: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 88 Rest Of Asia-Pacific: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 89 Lamea: Omega-3 Market Volume, By Type, 20142022 (Mt)
Table 90 Lamea: Omega-3 Market Revenue, By Type, 20142022 ($Million)
Table 91 Lamea: Omega-3 Market Revenue, By Source, 20142022 ($Million)
Table 92 Lamea: Omega-3 Market Volume, By Application, 20142022 (Mt)
Table 93 Lamea: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 94 Lamea: Omega-3 Market Revenue, By Country, 20142022 ($Million)
Table 95 South Africa: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 96 Brazil: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 97 Rest Of Lamea: Omega-3 Market Revenue, By Application, 20142022 ($Million)
Table 98 Cargill: Company Snapshot
Table 99 Cargill: Operating Segments
Table 100 Fmc - Company Snapshot
Table 101 Fmc - Operating Segments
Table 102 Croda: Company Snapshot
Table 103 Croda: Operating Segments
Table 104 Dsm: Company Snapshot
Table 105 Fmc: Operating Segments
Table 106 Omega: Company Snapshot
Table 107 Omega - Operating Segments
Table 108 Olvea: Company Snapshot
Table 109 Pharma Marine: Company Snapshot
Table 110 Luhua Biomarine: Company Snapshot
Table 111 Polaris- Company Snapshot
Table 112 Gc Reiber Oils: Company Snapshot
Table 113 Gc Reiber: Operating Segments

List Of Figures

Fig. 1 World Omega-3 Market Revenue Share, By Region, 2015 (%)
Fig. 2 Impact Analysis Of Moderate Growth Scenario, 20222027
Fig. 3 Impact Analysis Of Rapid Growth Scenario, 20222027
Fig. 4 Impact Analysis Of Diminishing Growth Scenario, 20222027
Fig. 5 Top Investment Pockets
Fig. 6 Top Winning Strategies, 20052016 (%)
Fig. 7 Top Winning Strategies, By Company, 20052016
Fig. 8 Top Player Positioning, 2015
Fig. 9 Fish Oil Production, 20152020 (Kt)
Fig. 10 Production Of Major Vegetable Oils, 20102015 (Million Tons)
Fig. 11 Vegetable Oil Price Index, 20102015
Fig. 12 Market Dynamics Impact Analysis, 2015 Vs. 2022
Fig. 13 Level Of Consumer Awareness For Healthy Eating, By Country (%)
Fig. 14 Revenue Analysis Of Cargill, 20132015 ($Million)
Fig. 15 Cargill: Swot Analysis
Fig. 16 Revenue Analysis Of Fmc, 20132015 ($Million)
Fig. 17 Fmc: Revenue, By Business Segment, 2015 (%)
Fig. 18 Fmc: Revenue, By Geography, 2015 (%)
Fig. 19 Fmc: Swot Analysis
Fig. 20 Revenue Analysis Of Croda, 20132015 ($Million)
Fig. 21 Croda: Revenue By Business Segments, 2015 (%)
Fig. 22 Croda: Revenue, By Geography, 2015 (%)
Fig. 23 Croda: Swot Analysis
Fig. 24 Revenue Analysis Of Dsm, 20132015 ($Million)
Fig. 25 Dsm: Revenue, By Business Segment, 2015 (%)
Fig. 26 Dsm: Revenue By Geography, 2015 (%)
Fig. 27 Dsm: Swot Analysis
Fig. 28 Revenue Analysis Of Omega, 2013-2015 ($Million)
Fig. 29 Omega: Revenue, By Business Segment, 2015 (%)
Fig. 30 Omega: Revenue, By Geography, 2015 (%)
Fig. 31 Omega: Swot Analysis
Fig. 32 Olvea: Swot Analysis
Fig. 33 Pharma Marine: Swot Analysis
Fig. 34 Luhua Biomarine: Swot Analysis
Fig. 35 Polaris: Swot Analysis
Fig. 36 Revenue Analysis Of Gc Reiber, 20132015 ($Million)
Fig. 37 Gc Reiber: Revenue By Business Segments, 2015 (%)
Fig. 38 Gc Reiber: Revenue By Geography, 2015 (%)
Fig. 39 Gc Reiber: Swot Analysis
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5

FEATURED COMPANIES

  • Cargill Incorporated
  • Croda International Plc
  • FMC Corporation
  • GC Rieber Oils
  • OLVEA Fish Oils
  • Omega Protein Corporation
  • MORE
According to a new report titled, "Omega-3 Market - Global Opportunity Analysis and Industry Forecast, 2014 2022", the omega-3 market is expected to reach $6,955 million by 2022, with a CAGR of 14.9% from 2016 to 2022. Docosahexaenoic acid segment (DHA) dominated with three-fourths market share, in terms of revenue, in 2015. Dietary supplement application accounted for three-fifths of the global omega-3 market share, in terms of volume, in 2015 and is anticipated to grow at a CAGR of 14.1%.

Omega-3 market is driven by factors such as rise in awareness among consumer about healthy & balanced diet and its health benefits. Moreover, omega-3 supplements such as eicosapentaenoic acid (EPA) and DHA reduces the risk of prostrate, colon, and breast cancer. An adequate amount of EPA decreases risk of depression and related health problems. The regulatory barrier limiting the consumption of omega-3 over certain range may restrain the market growth in the near future. Omega-3 obtained from plant origin, a good source of alpha-linolenic acid (ALA) for vegetarians, provides an opportunity for omega-3 market growth.

The world ALA omega-3 market accounted for over $234 million in 2015. North America dominated the world ALA omega-3 market, in terms of revenue, generating $96 million in 2015. According to Eswara Prasad, Team Lead -Chemicals & Materials at Allied Market Research, The global ALA market has great potential as compared to DHA and EPA as consumers constantly look for alternatives of fish oil.

Omega-3 has a wide range of applications such as dietary supplement, pharmaceutical, infant formula, food & beverage, pet food, and fish feed. Dietary supplement is the major application and accounted for three-fifths of the global omega-3 market volume in 2015. Pharmaceutical is expected to grow (in terms of revenue) at CAGR of 18% from 2016 to 2022. The consumption of omega-3 (in terms of volume) in pharmaceutical and infant formula is estimated to increase at a higher CAGR of 18.8% and 16.3%, respectively, during the forecast period.

Fish and krill oils are two major marine sources for omega-3 fatty acid. Fish oil is applicable in aquaculture and nutraceuticals. Algal oil is one of the important sources of omega-3 fatty acid ingredients. Algal oil is the major alternative for production of omega-3; however, its relatively high price restricts its anticipated market penetration into the food and dietary supplement.

The omega-3 market for infant formula witnesses high growth rate, in the packaged food category, due to developments in Asia (particularly China), East Europe markets, and in some parts of Middle East and Latin America. Increase in the global omega-3 production and rise in its demand are the major reasons for the higher growth rate in countries such as Mexico, The Netherlands, Poland, India, and Brazil.

Key findings of Omega-3 Market study:

North America was the dominant region in 2015 both in terms of value & volume and is expected to continue this trend throughout the forecast period.

Revenue generated by nuts & seeds is estimated to grow at a CAGR of 25.8%.

Dietary supplement accounted for three-fifths of the global omega-3 demand in 2015.

Fish & krill oil sources dominated, in terms of revenue, in 2015 and is projected to grow at a CAGR of 14.2%.

DHA segment is expected to remain dominant throughout the period under consideration.

U.S. contributed to one-third of the market revenue in 2015.

North America and Europe together contributed more than 60% of the world omega-3 market revenue in 2015. North America dominated the world omega-3 market in pharmaceutical application, in terms of volume; whereas Asia-Pacific is the fastest growing region with a CAGR of 16%, owing to the consumer awareness in the developing countries. China and India together account for three-fifths share (in terms of revenue) of the total Asia-Pacific omega-3 market.

The companies in this market adopt expansion and acquisition as their key strategies to develop distinguished products and reduce competition by capturing additional market share. The prominent players profiled in this report include Cargill, Incorporated, FMC Corporation, Croda International Plc, Royal DSM, OLVEA Fish Oils, Omega Protein Corporation, GC Rieber Oils, Luhua Biomarine (Shandong) Co., Ltd., Pharma Marine AS, and Polaris.
Note: Product cover images may vary from those shown
5 of 5
- Cargill Incorporated
- Croda International Plc
- FMC Corporation
- GC Rieber Oils
- Luhua Biomarine (Shandong) Co.
- OLVEA Fish Oils
- Omega Protein Corporation
- Pharma Marine AS
- Polaris. Cargill
- Royal DSM
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
Adroll
adroll