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Omega-3 Products Market: By Source, By Application, By Distribution Channel, and Geography
Omega-3 Products Market: By Source, By Application, By Distribution Channel, and Geography
Omega-3 Products Market size was valued at US$ 9.3 billion in 2023 and is poised to grow at a CAGR of 7.3% from 2024-2030. The market is expected to develop at a significant growth rate over the forecast years due to a rise in awareness among the population about omega-3 benefits coupled with a growth in demand for infant nutrition. Moreover, the rise in R&D for the development of newer omega-3-rich products, the surge in adoption of omega-3 in food and feed products as a nutritional supplement, a rise in social media and online marketing of omega-3 products by the market players, and the growth in disposable income are anticipated to boost the market over the forecast years. However, stringent government regulations for product approval, lack of awareness in underdeveloped countries, fluctuations in raw material prices, and decrease in fish oil production due to sustainability issues hinder the growth of the market over the forecast years.
Study Period
2024-2030Base Year
2023CAGR
7.3%Largest Market
Asia PacificFastest Growing Market
Asia Pacific
Increase in the R&D activities for the development of newer omega-3 rich products coupled with rise in awareness about the omega-3 benefits for infant nutrition, pharmaceuticals, and food and beverages are anticipated to boost the revenue of market over the forecast years. For instance, in September 2019, Polaris received European authorization for its new, super-concentrated, ultra-purified algal Omega-3 oil Omegavie DHA 700 algae Sensory QualitySilver 5 that is suitable for vegetarians and vegans, non-GMO and free from allergens. In addition, enhancing the positive cognitive outcomes in infants due to surge in consumption of omega-3 rich products also bolster the revenue of market over the forecast timeframe.
Global omega-3 products market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Among all the regions, in 2018, Asia Pacific contributed the highest share in omega-3 products market and the market is estimated to grow at notable growth rate owing to rapid growth in urban population demanding for nutritional food products in Japan, India, and China, rise in adoption of animal and pet feed products, and rapid growth in birth rate in the region. Europe market projected to create lucrative opportunities over the forecast years owing to rise in R&D for the development and launch of newer products, presence of huge number of market players, and increase in disposable income are propel the market revenue in the future year
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 9.3 billion |
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Market CAGR |
7.3% |
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By Source |
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By Application |
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By End User |
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Download Free Sample Report
The omega 3 products market size was valued at US$ 9.3 billion in 2023
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
The key players in the omega 3 products market are: Abbott Laboratories, Amway, Unilever Corporation, BASF SE, Aker BioMarine
| 1.Executive Summary |
| 2.Global Omega-3 Products Market Introduction |
| 2.1.Global Omega-3 Products Market - Taxonomy |
| 2.2.Global Omega-3 Products Market - Definitions |
| 2.2.1. By Source |
| 2.2.2. By Application |
| 2.2.3. By End Users |
| 2.2.4. By Region |
| 3.Global Omega-3 Products Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Omega-3 Products Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Omega-3 Products Market By Source, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Marine |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Nuts and Seeds |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Vegetable Oils |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Soy and Soya Products |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6.Global Omega-3 Products Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Dietary Supplement |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Pharmaceutical |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Infant Formula |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Food & Beverages |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Pet Food |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Fish Feed |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global Omega-3 Products Market By End Users, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Grocery Stores |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Pharmacies and Drug Stores |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Online Channels |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8.Global Omega-3 Products Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Omega-3 Products Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Marine |
| 9.1.2.Nuts and Seeds |
| 9.1.3.Vegetable Oils |
| 9.1.4.Soy and Soya Products |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Dietary Supplement |
| 9.2.2.Pharmaceutical |
| 9.2.3.Infant Formula |
| 9.2.4.Food & Beverages |
| 9.2.5.Pet Food |
| 9.2.6.Fish Feed |
| 9.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Grocery Stores |
| 9.3.2.Pharmacies and Drug Stores |
| 9.3.3.Online Channels |
| 9.3.4.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Omega-3 Products Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Marine |
| 10.1.2.Nuts and Seeds |
| 10.1.3.Vegetable Oils |
| 10.1.4.Soy and Soya Products |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Dietary Supplement |
| 10.2.2.Pharmaceutical |
| 10.2.3.Infant Formula |
| 10.2.4.Food & Beverages |
| 10.2.5.Pet Food |
| 10.2.6.Fish Feed |
| 10.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Grocery Stores |
| 10.3.2.Pharmacies and Drug Stores |
| 10.3.3.Online Channels |
| 10.3.4.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Omega-3 Products Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Marine |
| 11.1.2.Nuts and Seeds |
| 11.1.3.Vegetable Oils |
| 11.1.4.Soy and Soya Products |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Dietary Supplement |
| 11.2.2.Pharmaceutical |
| 11.2.3.Infant Formula |
| 11.2.4.Food & Beverages |
| 11.2.5.Pet Food |
| 11.2.6.Fish Feed |
| 11.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Grocery Stores |
| 11.3.2.Pharmacies and Drug Stores |
| 11.3.3.Online Channels |
| 11.3.4.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Omega-3 Products Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Marine |
| 12.1.2.Nuts and Seeds |
| 12.1.3.Vegetable Oils |
| 12.1.4.Soy and Soya Products |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Dietary Supplement |
| 12.2.2.Pharmaceutical |
| 12.2.3.Infant Formula |
| 12.2.4.Food & Beverages |
| 12.2.5.Pet Food |
| 12.2.6.Fish Feed |
| 12.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Grocery Stores |
| 12.3.2.Pharmacies and Drug Stores |
| 12.3.3.Online Channels |
| 12.3.4.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Omega-3 Products Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Marine |
| 13.1.2.Nuts and Seeds |
| 13.1.3.Vegetable Oils |
| 13.1.4.Soy and Soya Products |
| 13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Dietary Supplement |
| 13.2.2.Pharmaceutical |
| 13.2.3.Infant Formula |
| 13.2.4.Food & Beverages |
| 13.2.5.Pet Food |
| 13.2.6.Fish Feed |
| 13.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Grocery Stores |
| 13.3.2.Pharmacies and Drug Stores |
| 13.3.3.Online Channels |
| 13.3.4.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Nestle SA |
| 14.2.2.Abbott Laboratories |
| 14.2.3.Amway |
| 14.2.4.Unilever Corporation |
| 14.2.5.BASF SE |
| 14.2.6.Aker BioMarine |
| 14.2.8.Omega Protein Corporation |
| 14.2.9.Marine USA LLC |
| 14.2.10.Cargill, Inc. |
| 14.2.11.FMC Corporation |
| 14.2.12.Pharma Marine USA LLC |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.