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Omega-3 Market (Source - Marine Source, and Plant Source; Type - Docosahexaenoic Acid (DHA), Eicosapentaenoic Acid (EPA), and Alpha-linolenic Acid (ALA); Application - Supplements and Functional Foods, Pharmaceuticals, Infant Formulas, Animal Feed & Pet Food, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : June, 2020

  • Rep Id : HC0859

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on omega-3 market provides an in-depth analysis of segments and sub-segments in the global as well as the regional omega-3 market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional omega-3 market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global omega-3 market. According to the report, the global omega-3 market is projected to grow at a CAGR of 12.1% over the forecast period of 2020-2026.

 

Market Insight

Omega3 fatty acids have an important role in the functioning of the brain and nervous system. It is useful in overall natural growth and development of the body. Omega3 decreases blood fat, clotting of blood, inflammation, and arterial wall fatty plaques. Commercially omega3 is sourced from oils of the algae, certain plants, fishes, krills, nut oils, and fishes including anchovies, bluefish, herring, mackerel, salmon, sardines, sturgeon, lake trout, tuna, and some others. Consumption of omega3 based food and supplements can reduce the risk of medical conditions such as asthma, ADHD, breast cancer, colon cancer, Crohn’s disease, diabetes, high blood pressure, high cholesterol, rheumatoid arthritis, and some others. 

 

Omega-3 fatty acids are essential for human health, but the body does not generate it on its own. It helps in avoiding irregular heartbeat, decrease inflammation, and improve good cholesterol in the body. Hence, Omega-3 can help in reducing the risk of heart diseases. ALA is present in some plant sources. Some of these are important nutrients that serve as a lubricant for cells and improves communication and flexibility among cells. They enter all cell membranes and helps in improving cell metabolism as well as gene expression. Omega-3 supplements enhance the effectiveness of the anti-inflammatory drug. 

 

The increasing applications in functional foods and pharmaceuticals are major growth drivers for the global omega-3 market. The growing awareness about the health benefits of omega-3 against chronic diseases among the public is generating more demand for omega-3 fatty acids based products. Several pharmaceutical companies are introducing more concentrated omega3 products and the increasing preference for those among people is also driving the demand for the market. Therefore, increasing demand for omega-3 supplements are expected to augment the growth of the market. Moreover, the demand for omega-3 supplements is growing rapidly and it is anticipated to enhance the growth of the global omega-3 market. 

 

Furthermore, the omega-3 based infant formulas are expected to generate more demand during the forecast period, as it contains nutrients that help in the growth and development of infants. The new technological advancements in the better encapsulation of omega3 ingredients from fish sources are expected to be a new trend in the food and beverage industry worldwide. However, the absence of a standard for recommended dietary intake is expected to remain as a major restraint for the global omega-3 market. The high price is a major restraint for the rapid growth of algal oil as an alternative for fish oil in the global omega-3 market. Moreover, huge investments in the clinical as well as commercial research & development for omega-3 are yielding more new applications and effective products. It is expected to generate a lot of opportunities for major market players to expand and diversify their product range during the forecast period.

 

Geographically, North America is the largest omega-3 market with the highest consumption, owing to the high demand from pharmaceuticals and supplements segments. Increasing demand for omega-3 from infant formula manufacturers is expected to enhance the growth of the North American Omega-3 market. An increase in the consumption of omega-3 supplements in major European countries is driving the growth of the European omega-3 market. Preference for nutritional foods is expected to enhance the demand for omega-3 in Europe during the forecast period. Increasing instances of lifestyle related illnesses and other chronic illness are prompting doctors and people in Asia-Pacific to adopt supplements, functional foods, infant formulas, and other products containing omega-3 for attaining the health benefits. 

 

The heavy investments in the pharmaceutical sector in South East Asian region and India, along with the presence of existing global Pharmaceutical players is expected to drive the growth of the Asia-Pacific omega-3 market. Moreover, given the huge population and the increasing number of people with disposable income and health consciousness, Asia-Pacific omega-3 market is anticipated to grow at the highest CAGR during the forecast period. Increasing awareness about the health benefits of omega-3 products and the presence of huge infant population is driving the African omega-3 market over the forecast period. 

 

Segment Covered

The report on the global omega-3 market covers segments such as source, type, and application. On the basis of source, the sub-markets include marine source, and plant source. On the basis of type, the sub-markets include docosahexaenoic acid (DHA), eicosapentaenoic acid (EPA), and alpha-linolenic acid (ALA). On the basis of application, the sub-markets include supplements and functional foods, pharmaceuticals, infant formulas, animal feed & pet food, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as EPAx Norway AS, KD Pharma Group, Biosearch Life, GC Rieber Oils AS, Corbion N.V., Lonza Group AG, Croda International, Orkla Health AS, BASF SE, and Cargill, Incorporated.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the omega-3 market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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