Global Omega-3 Market Segmentation, Application Analysis and Market Forecast 2022 – Acute Market Reports
The report on the world omega-3 market exclusively focuses on different types of omega-3, such as ALA, DHA, and EPA. The market is analyzed based on the different sources of omega-3 such as marine, nuts & seeds, vegetable oils, and others. The report also highlights various omega-3 applications, which include dietary supplement, pharmaceutical, infant formula, food & beverages, pet food, and fish feed. It analyzes the current market trends of omega-3 in different geographies and suggests future growth opportunities.
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Rising demand from end users, and increasing awareness among consumers regarding healthy eating and health benefits of omega-3 are the key drivers of the world omega-3 market. However, stringent regulation barriers and high cost are likely to hinder the market growth. In addition, Asia-Pacific is projected to register significant growth as compared to the saturated markets of North America and Europe. The share of fish oil is expected to reduce, owing to the low cost of vegetative sources such as vegetable oil, nuts & seeds, and soya products. The production from these vegetative sources is expected to be commercialized from 2017.
Top investment pockets
Asia-Pacific is the most attractive region in the world omega-3 market and is expected to be the first preference for new entrants due to the increasing end-use applications in the region. Consumer awareness regarding the benefits of omega-3 has increased recently that has influenced its demand for omega-3. Europe is the second most attractive market for new entrants in the omega-3 market, which is expected to grow at a CAGR of 14.5%.
The global omega-3 market is segmented on the basis of various parameters such as type, source, application, and geography. Based on omega-3 type, the market is classified into ALA (alpha-linolenic acid), DHA (docosahexaenoic acid), and EPA (eicosapentaenoic acid). DHA dominate the overall omega-3 market with more than three-fourth of revenue share in 2015, whereas the ALA and EPA coupled together occupied one-fourth of the revenue share. ALA is the fastest growing type of omega-3 with a CAGR of 15.8% from 2016 to 2022. Omega-3 is also classified based on its sources such as marine, nuts and seeds, vegetable oils and soya and soya products. Further on the basis of applications of Omega-3 the market is segmented into dietary supplements, pharmaceuticals, infant formulas, food & beverages, pet food and fish feed. Pharmaceutical application is growing at a rapid pace with a CAGR of 18% from 2016-2022. Geographically, the global omega-3 market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America is the largest region for the market, with a revenue share more than one-third of the total in 2015, followed by Asia-Pacific and Europe.
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Top players in the market are investing huge capital in R&D activities to develop enhanced products, in order to cater current demand. Some of the major players in the omega-3 market are 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.
Raw Material Analysis
Marine sources such as fish oil is currently the best and generally a safe source of omega-3. In most of the major countries, fish oil production experienced a drop in 2015.
Fish oil is rich in DHA and EPA type of omega-3 content. As the demand for omega-3 is continuously rising, new alternative sources are required to fill the demand gap. Emerging sources include krill oil, algal oil and other vegetable oil. As the global supply of fish oil remains static or on the decline, the demand for these alternative sources of omega-3 is on the rise.
- The report provides an in-depth analysis of the global omega-3 market and future estimations, in terms of both value and volume, from 2016 to 2022, including information about the current market situation, changing market dynamics, expected trends, and market intelligence.
- The factors that drive and impede the growth of the global market are 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.
- Micro-level analysis is conducted based on type, application, and region.
- The report thoroughly analyzes various types and applications of omega-3 at country level.
OMEGA 3 MARKET SEGMENTS
The omega-3 market is segmented on the basis of type, source, application, and geography.
Omega-3 Market, By Type
- ALA (alpha-linolenic acid)
- DHA (docosahexaenoic acid)
- EPA (eicosapentaenoic acid)
Omega-3 Market, By Source
- Fish Oil & Krill Oil
- Algal Oil
- Nuts and Seeds
- Pumpkin Seeds
- Others (Hazelnuts, Chia Seeds, Tahini)
- Vegetable OilsSoybean Oil
- Canola Oil
- Others (Olive Oil, Flaxseed Oil)
- Soya and Soya Products
- Soya Milk
- Bean Curd
Market By, Application
- Dietary Supplement
- Infant Formula
- Food & Beverage
- Pet Food
- Fish Feed
Market By Geography
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA
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
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