Global Omega 3 Market Size By Type (Docosahexaenoic Acid (DHA), Eicosapentaenoic Acid (EPA)), By Source (Marine Source, Plant Source), By Application (Dietary Supplements, Functional Food And Beverages), By Geographic Scope And Forecast

Report ID: 5482|No. of Pages: 202

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Global Omega 3 Market Size By Type (Docosahexaenoic Acid (DHA), Eicosapentaenoic Acid (EPA)), By Source (Marine Source, Plant Source), By Application (Dietary Supplements, Functional Food And Beverages), By Geographic Scope And Forecast

Report ID: 5482|Published Date: Jan 2024|No. of Pages: 202|Base Year for Estimate: 2021|Format:   Report available in PDF formatReport available in Excel Format

Omega 3 Market Size And Forecast

Omega 3 Market size was valued at USD 2.10 Billion in 2021 and is projected to reach USD 3.93 Billion by 2030, growing at a CAGR of 8.21% from 2022 to 2030.

Rising awareness regarding healthy eating & health benefits of omega-3 among consumers and increasing investment in clinical research & development are expected to drive the Omega 3 Market over the predicted years. The Global Omega 3 Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

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Omega 3 Market Size And Forecast

Global Omega 3 Market Definition

Omega-3 fatty acids facilitate cut back the danger of cardiopathy and promote healthy skin. This area unit intake in conjunction with diet and exercise to assist lower levels of sure blood fat (triglyceride) and boost levels of “good” cholesteric (HDL). Moreover, it’s conjointly wanted to facilitate high-pressure or autoimmune disorders. The ever-changing manner, in conjunction with rising chronic diseases, has contributed to the expansion of the Omega 3 Market. It’s classified as supporting the sort together with omega-3 fatty acid (DHA), omega-3 (EPA), and omega-3 (ALA).

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Global Omega 3 Market Overview

Rising awareness relating to healthy feeding & healthy edges of polyunsaturated fatty acid among customers and increasing investment in clinical analysis & development area units are expected to drive the Omega-3 Market over the expected years. Also, the growing product usage within the Active Pharmaceutical Ingredient (API) and rising awareness of chronic diseases expect to lift the market within the coming years.

Additionally, the power of omega-3 to boost immunity & forestall chronic conditions like malady} & inflammatory internal organ disease in cats and dogs is foretold to fuel the market throughout the forecasted period. There are area unit sure restraints and challenges two-faced which might hinder the market growth. Factors like strict regulation barriers and better prices related to omega-three area units doubtless act as market restraints.

Global Omega 3 Market: Segmentation Analysis

The Global Omega 3 Market is Segmented on the basis of Type, Source, Application, and Geography.

Omega 3 Market Segmentation Analysis

Omega 3 Market, By Type

  • Docosahexaenoic Acid (DHA)
  • Eicosapentaenoic Acid (EPA)
  • Alpha-linolenic Acid (ALA)

Omega 3 Market By Type

Based on Type, the market is segmented into Docosahexaenoic Acid (DHA), Eicosapentaenoic Acid (EPA), and Alpha-linolenic Acid (ALA). Docosahexaenoic Acid (DHA) is predicted to carry the most important market share because of the growing demand for kid formula, which helps in memory retention and learning. Also, it plays a significant role in developing nerve and eye tissues. Global Omega 3 Market, by source

Omega 3 Market, By Source

  • Marine Source
  • Plant Source

Based on Source, the market is segmented into Marine Source and Plant Source. The marine supply is foretold to carry the foremost important CAGR within the forecasted period as DHA and Environmental Protection Agency area unit synthesized by living thing marine organisms like planktons & Protoctista. The consumption of those organisms helps accumulate polyunsaturated fatty acid fatty acids within the body.

Omega 3 Market, By Application

  • Dietary Supplements
  • Functional Food & Beverages
  • Pharmaceuticals
  • Others

Omega 3 Market By Application

Based on Application, the market is segmented into Dietary Supplements, Functional Food & Beverages, Pharmaceuticals, and Others. Dietary supplements are units anticipated to own the very best CAGR within the forecasted amount as they’re targeted sources of nutrients or alternative substances with an organic process or physiological result.

Omega 3 Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

On the basis of Geography, the Global Omega 3 Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The most important share within the market will be dominated by the Asia Pacific, attributable to the upper demand for fortified food products and the advancements in food technology.

Key Players

The “Global Omega 3 Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Croda International, DSM, Lonza, Orkla Health, Cargill, Corbion, GC Rieber, BASF, KD Pharma, and EPAx.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

Omega 3 Market Key Developments And Mergers

Partnerships, Collaborations and Agreements

  • On November 2020, Croda International had inked a collaborative partnership with Anomera, an innovative green chemistry Canadian company based in Quebec, focused on developing high-quality Carboxylated Cellulose Nanocrystals which are converted into a micron-sized powder.
  • On January 2021, Croda International Plc, the specialty chemical company that uses innovative science to create high-performance ingredients and technologies that improve lives, announced a global sales and marketing agreement with Genesis Biosciences. This new partnership further expands Croda’s existing portfolio of safe and sustainable cleaning raw materials.
  • On June 2021, Lonza and Moderna Announced a Collaboration For Drug Substance Manufacturing of COVID-19 Vaccine Moderna in the Netherlands. A new drug substance production line at Lonza’s site in Geleen, Netherlands, will complement the existing production network and support the manufacture of up to an additional 300 million doses per year.
  • On July 2021, Lonza Extends Collaboration with Major Biopharmaceutical Partner for Large-Scale Monoclonal Antibody Commercial Supply. Long-term collaboration for commercial supply of monoclonal antibodies will complete the integrated supply chain to manufacture an antibody-drug conjugate for use against hard-to-treat cancers.

Mergers and Acquisitions

  • On April 2021, The KD Pharma Group has acquired the manufacturing assets of a Swiss-based cannabinoid manufacturer. The acquisitions give KD Pharma access to technology for producing Active Pharmaceutical Ingredients based on phytocannabinoids and other plant extracts.
  • On June 2021, Orkla Health acquired NutraQ, and The acquisition will offer Orkla exciting growth opportunities. The health category and direct-to-consumer sales are growing areas and will continue to develop NutraQ’s vital concepts while also exploring new possibilities for direct-to-consumer sales.
  • On August 2021, Corbion announced it had acquired Granolife, a Queretaro, Mexico-based provider of functional blends for the Mexican bakery and fortification industries. Granolife employs approximately 60 at its production facility and application in the development center.

Product Launches and Product Expansions

  • On January 2021, Corbion increased its capacity for producing lactic acid in North America by around 40% to meet the growing demand for natural ingredients in multiple industries. The investment reinforces the company’s leadership position as a supplier of lactic acid and its derivatives worldwide. Corbion also operates lactic acid production facilities in the Netherlands, Brazil, Spain, and Thailand.

Report Scope

Report AttributesDetails
Study Period

2018-2030

Base Year

2021

Forecast Period

2022-2030

Historical Period

2018-2020

Unit

Value (USD Billion)

Key Companies Profiled

Croda International, DSM, Lonza, Orkla Health, Cargill, Corbion, GC Rieber, BASF, KD Pharma, EPAx.

Segments Covered

By Type, By Source, By Application, And By Geography.

Customization Scope

Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope

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Research Methodology of Verified Market Research:

Research Methodology of VMR

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Customization of the Report

• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.

Frequently Asked Questions

Omega 3 Market was valued at USD 2.10 billion in 2021 and is projected to reach USD 3.93 Billion by 2030, growing at a CAGR of 8.21% from 2022 to 2030.

Rising awareness regarding healthy eating & health benefits of omega-3 among consumers and increasing investment in clinical research & development are expected to drive the Omega 3 Market over the predicted years.

The major players are Croda International, DSM, Lonza, Orkla Health, Cargill, Corbion, GC Rieber, BASF, KD Pharma, EPAx.

The Global Omega 3 Market is Segmented on the basis of Type, Source, Application, and Geography.

The sample report for the Omega 3 Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
1 INTRODUCTION TO GLOBAL OMEGA 3 MARKET 1.1 OVERVIEW OF THE MARKET 1.2 SCOPE OF REPORT 1.3 ASSUMPTIONS 2 EXECUTIVE SUMMARY 3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH 3.1 DATA MINING 3.2 VALIDATION 3.3 PRIMARY INTERVIEWS 3.4 LIST OF DATA SOURCES 4 GLOBAL OMEGA 3 MARKET OUTLOOK 4.1 OVERVIEW 4.2 MARKET DYNAMICS 4.2.1 DRIVERS 4.2.2 RESTRAINTS 4.2.3 OPPORTUNITIES 4.3 PORTERS FIVE FORCE MODEL 4.4 VALUE CHAIN ANALYSIS 5 GLOBAL OMEGA 3 MARKET, BY TYPE 5.1 OVERVIEW 5.2 DOCOSAHEXAENOIC ACID (DHA) 5.3 EICOSAPENTAENOIC ACID (EPA) 5.4 ALPHA-LINOLENIC ACID (ALA) 6 GLOBAL OMEGA 3 MARKET, BY SOURCE 6.1 OVERVIEW 6.2 MARINE SOURCE 6.3 PLANT SOURCE 7 GLOBAL OMEGA 3 MARKET, BY APPLICATION 7.1 OVERVIEW 7.2 DIETARY SUPPLEMENTS 7.3 FUNCTIONAL FOOD & BEVERAGES 7.4 PHARMACEUTICALS 7.5 OTHERS 8 GLOBAL OMEGA 3 MARKET, BY GEOGRAPHY 8.1 OVERVIEW 8.2 NORTH AMERICA 8.2.1 U.S. 8.2.2 CANADA 8.2.3 MEXICO 8.3 EUROPE 8.3.1 GERMANY 8.3.2 U.K. 8.3.3 FRANCE 8.3.4 REST OF EUROPE 8.4 ASIA PACIFIC 8.4.1 CHINA 8.4.2 JAPAN 8.4.3 INDIA 8.4.4 REST OF ASIA PACIFIC 8.5 REST OF THE WORLD 8.5.1 LATIN AMERICA 8.5.2 MIDDLE EAST & AFRICA 9 GLOBAL OMEGA 3 MARKET COMPETITIVE LANDSCAPE 9.1 OVERVIEW 9.2 COMPANY MARKET RANKING 9.3 KEY DEVELOPMENT STRATEGIES 10 COMPANY PROFILES 10.1 CRODA INTERNATIONAL 10.1.1 OVERVIEW 10.1.2 FINANCIAL PERFORMANCE 10.1.3 PRODUCT OUTLOOK 10.1.4 KEY DEVELOPMENTS 10.2 DSM 10.2.1 OVERVIEW 10.2.2 FINANCIAL PERFORMANCE 10.2.3 PRODUCT OUTLOOK 10.2.4 KEY DEVELOPMENTS 10.3 LONZA 10.3.1 OVERVIEW 10.3.2 FINANCIAL PERFORMANCE 10.3.3 PRODUCT OUTLOOK 10.3.4 KEY DEVELOPMENTS 10.4 ORKLA HEALTH 10.4.1 OVERVIEW 10.4.2 FINANCIAL PERFORMANCE 10.4.3 PRODUCT OUTLOOK 10.4.4 KEY DEVELOPMENTS 10.5 CARGILL 10.5.1 OVERVIEW 10.5.2 FINANCIAL PERFORMANCE 10.5.3 PRODUCT OUTLOOK 10.5.4 KEY DEVELOPMENTS 10.6 CORBION 10.6.1 OVERVIEW 10.6.2 FINANCIAL PERFORMANCE 10.6.3 PRODUCT OUTLOOK 10.6.4 KEY DEVELOPMENTS 10.7 GC RIEBER 10.7.1 OVERVIEW 10.7.2 FINANCIAL PERFORMANCE 10.7.3 PRODUCT OUTLOOK 10.7.4 KEY DEVELOPMENTS 10.8 BASF 10.8.1 OVERVIEW 10.8.2 FINANCIAL PERFORMANCE 10.8.3 PRODUCT OUTLOOK 10.8.4 KEY DEVELOPMENTS 10.9 KD PHARMA 10.9.1 OVERVIEW 10.9.2 FINANCIAL PERFORMANCE 10.9.3 PRODUCT OUTLOOK 10.9.4 KEY DEVELOPMENTS 10.10 EPAX 10.10.1 OVERVIEW 10.10.2 FINANCIAL PERFORMANCE 10.10.3 PRODUCT OUTLOOK 10.10.4 KEY DEVELOPMENTS 11 APPENDIX 11.1 RELATED RESEARCH

Report Research Methodology

Research methodology

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.

This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.

We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:

Exploratory data mining

Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.

All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

expert data mining

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.

Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

PerspectivePrimary ResearchSecondary Research
Supplier side
  • Fabricators
  • Technology purveyors and wholesalers
  • Competitor company’s business reports and newsletters
  • Government publications and websites
  • Independent investigations
  • Economic and demographic specifics
Demand side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customer

Econometrics and data visualization model

data visualiztion model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.

All the research models are customized to the prerequisites shared by the global clients.

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

  • Market drivers and restraints, along with their current and expected impact
  • Raw material scenario and supply v/s price trends
  • Regulatory scenario and expected developments
  • Current capacity and expected capacity additions up to 2027

We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

Primary validation

The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.

The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

primary validation

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

  • Established market players
  • Raw data suppliers
  • Network participants such as distributors
  • End consumers

The aims of doing primary research are:

  • Verifying the collected data in terms of accuracy and reliability.
  • To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

Qualitative analysisQuantitative analysis
  • Global industry landscape and trends
  • Market momentum and key issues
  • Technology landscape
  • Market’s emerging opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Omega 3 Market

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