[195+ Pages Report] According to Facts and Factors Market Research, the global omega-3 fatty acid market is around $ 4 billion in 2019 and is projected to reach around $ 9 billion by 2026. The expected CAGR for the Omega-3 Fatty Acids market is around 14% from 2020 to 2026.
According to Facts and Factors Market Research, the global omega-3 fatty acid market is around $ 4 billion in 2019 and is projected to reach around $ 9 billion by 2026. The expected CAGR for the Omega-3 Fatty Acids market is around 14% from 2020 to 2026.
Omega-3 fatty acids are polyunsaturated fatty acids (PUFAs) and are also known as n-3 fatty acids, ω-3 fatty acids and omega-3 oils. There are two main sources of omega-3 fatty acids including plant sources like walnut, edible seeds, clary sage seeds, flax seeds, sacha inchi, echium, hemp, etc., and animal sources like fish, chicken eggs, squid, krill, certain seaweed, etc. The reduction The risk of diseases and disorders such as cancer, asthma, cardiovascular diseases, atopic diseases, inflammation, cognitive aging, brain and visual functions, mental health, developmental disorders and the risk of deficiency is expected to strengthen the growth in omega-3 fatty acid requirements over the forecast period.
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Top market participants
- Cargill Incorporated
- BASF SE
- Royal DSM
- Schiff Vitamins (Reckitt Benckiser Group PLC)
- Nordic Naturals Inc.
- Epax Norway AS
- Omega Protein Corporation
- Organic Technologies
- Arjuna Natural Pvt. GmbH.
- Cellana Inc.
The Omega-3 Fatty Acids market is segmented based on type, application, and source. Based on the type segmentation, the market is divided into alpha-linolenic acid (ALA), eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). Including alpha-linolenic acid, which is found in vegetable sources while; Eicosapentaenoic acid and docosahexaenoic acid, both of which are found in marine sources.
Based on application, the omega-3 fatty acids market is divided into infant formula, pharmaceuticals, clinical nutrition, foods and beverages, nutritional supplements, and pet foods. Among these, the dietary supplements segment is expected to have the largest share of the market in terms of both volume and value. It is forecast that high population growth and rising per capita income will strengthen the growth of the market, especially in developing countries, in the forecast period.
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According to Quelle, the market for omega-3 fatty acids is divided into fish oil, algae oil and vegetable oil. Of all the source segments, the fish oil segment has a share of over 40% of the global omega-3 fatty acid market. Nevertheless, the vegetable oil segment is expected to grow at a significant rate over the forecast period. This in view of the growing vegan population worldwide.
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The global Omega-3 Fatty Acids market analysis is segmented into five major regions including North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Among the regions mentioned above, the Asia-Pacific Omega-3 Fatty Acids market is expected to grow significantly over the forecast period. The growth is due to the increasing popularity of healthy products combined with increasing per capita incomes of consumers across the region, particularly in countries such as India and China. In addition, the growing population is another factor that strengthens the omega-3 fatty acid market across the region. The omega-3 fatty acid markets in North America and Europe are expected to account for a large share of global sales. This is attributed to the increasing penetration of omega-3 fatty acids in the dietary supplement and active ingredient market.
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This report segments the Global Omega-3 Fatty Acids Market as follows:
Global Omega-3 Fatty Acids Market: By Type Analysis
- ALA (Alpha Linolenic Acid)
- EPA (eicosapentaenoic acid)
- DHA (docosahexaenoic acid)
Global Omega-3 Fatty Acids Market: By Application Analysis
- Baby food
- Clinical nutrition
- Food and beverages
- Food supplements
- Animal feed
Global Omega-3 Fatty Acids Market: By Source Analysis
- Fish oil
- Algae oil
- Vegetable oil
Key recommendations from analysts
- According to our analyst, the omega-3 fatty acid market is fragmented. There are several companies operating at the national and local levels.
- In the application segment, the pharmaceutical segment accounts for around 27% of the value in 2019
- Dietary supplements make up a dominant market share, combined with a high growth rate in the forecast period. This is due to the increasing health awareness and popularity of nutraceuticals among consumers
- Currently, the average price of omega-3 fatty acids is around $ 23,000 per ton
- In terms of sales volume, growth of around 11% is expected for the world market in the forecast period
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