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Omega 3 Ingredients Market: By Application, and Region Forecast 2019-2030
Omega 3 Ingredients Market: By Application, and Region Forecast 2019-2030
Omega 3 Ingredients Market size was valued at US$ 6985.7 million in 2023 and is poised to grow at a significant CAGR of 6.1% from 2024-2030. Market are the good fats which are essential for optimal temperature. The two most important fatty acids for human health are eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), the highest levels are found in fish. Another omega-3 fatty that is considered good for health is ?-linolenic acid (ALA), it is found in plant sources such as flaxseeds, chia seeds, and walnuts. Different types of Omega 3 ingredients supplements (Omega 3 Supplements) are available in the market with various brand names. Increase in the prevalence of cardiovascular diseases is the key factor enhancing the growth of the market.
Rising health consciousness among the people is the attributing the growth of the market. Consumers keen towards omega 3 rich food is adding fuel for the growth of the market. Its application in various functional and food supplements is anticipating the growth of the market. Increase in research and development activities are adding scope for the manufacturers in expansion. However, the stringent government regulations are likely to hamper the growth of the market.
Study Period
2024-2030Base Year
2023CAGR
6.1%Largest Market
North AmericaFastest Growing Market
Europe
Due to specific health benefits such as regulating blood pressure, lowering bad cholesterol, and preventing coronary heart disease, EPA/DHA consumption is gaining favour over alpha linoleic acid (AHA). As a result, the market is predicted to rise throughout the forecast period. Omega 3 fatty acids have also found widespread use in the supplement, food, and pharmaceutical industries due to their cost-effective synthesis. As a result, the global market is expanding, a trend that is likely to continue over the forecast period.
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America market is the dominant market when compared with that of the other regional markets. Owing to the presence of various industries such as pharmaceutical industries and food industries, the growth of the omega 3 ingredients is found to have a significant growth in this region. The Europe region fall next to that of the North America in the global market. The Asia Pacific market is expected to grow exponentially in the forecasted period due to the presence of emerging economies such as China, Japan, and India.
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 |
|
Market Size in 2023 |
US$ 6985.7 million |
|
Market CAGR |
6.1% |
|
By Application |
|
|
By Region |
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The global omega 3 ingredients market size was valued at US$ 6985.7 million in 2023 and is projected to grow at a CAGR of 6.1% from 2024 to 2030
Increasing Demand to brain health, nutraceutical products for youngsters
Simris Alg, Algisys, Polaris, Terravia, Bioceuticals, DSM Nutritional Products, Bioprocess Algae, Llc, Neptune Wellness Solutions, Source-Omega
One potential threat to the omega-3 ingredients market is the fluctuating availability and sustainability of marine sources, such as fish oil, due to overfishing and environmental concerns.
| 1.Executive Summary |
| 2.Global Omega 3 Ingredients Market Introduction |
| 2.1.Global Omega 3 Ingredients Market - Taxonomy |
| 2.2.Global Omega 3 Ingredients Market - Definitions |
| 2.2.1.Application |
| 2.2.2.Geography |
| 2.2.3.Region |
| 3.Global Omega 3 Ingredients 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 Ingredients 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 Ingredients Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Pharmaceuticals |
| 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. Pet and Animal Feed |
| 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. Supplements and Functional Foods |
| 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. Infant formula |
| 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 |
| 5.5. Others |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6.Global Omega 3 Ingredients Market By Geography, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. North America |
| 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. Europe |
| 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. Asia-Pacific |
| 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. Latin America |
| 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. Middle East and Africa (MEA) |
| 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 |
| 7.Global Omega 3 Ingredients Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 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. Europe |
| 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. Asia Pacific (APAC) |
| 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. Middle East and Africa (MEA) |
| 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 |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Omega 3 Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Pharmaceuticals |
| 8.1.2.Pet and Animal Feed |
| 8.1.3.Supplements and Functional Foods |
| 8.1.4.Infant formula |
| 8.1.5.Others |
| 8.2. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.North America |
| 8.2.2.Europe |
| 8.2.3.Asia-Pacific |
| 8.2.4.Latin America |
| 8.2.5.Middle East and Africa (MEA) |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Omega 3 Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Pharmaceuticals |
| 9.1.2.Pet and Animal Feed |
| 9.1.3.Supplements and Functional Foods |
| 9.1.4.Infant formula |
| 9.1.5.Others |
| 9.2. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.North America |
| 9.2.2.Europe |
| 9.2.3.Asia-Pacific |
| 9.2.4.Latin America |
| 9.2.5.Middle East and Africa (MEA) |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Omega 3 Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Pharmaceuticals |
| 10.1.2.Pet and Animal Feed |
| 10.1.3.Supplements and Functional Foods |
| 10.1.4.Infant formula |
| 10.1.5.Others |
| 10.2. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.North America |
| 10.2.2.Europe |
| 10.2.3.Asia-Pacific |
| 10.2.4.Latin America |
| 10.2.5.Middle East and Africa (MEA) |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Omega 3 Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Pharmaceuticals |
| 11.1.2.Pet and Animal Feed |
| 11.1.3.Supplements and Functional Foods |
| 11.1.4.Infant formula |
| 11.1.5.Others |
| 11.2. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.North America |
| 11.2.2.Europe |
| 11.2.3.Asia-Pacific |
| 11.2.4.Latin America |
| 11.2.5.Middle East and Africa (MEA) |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Omega 3 Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Pharmaceuticals |
| 12.1.2.Pet and Animal Feed |
| 12.1.3.Supplements and Functional Foods |
| 12.1.4.Infant formula |
| 12.1.5.Others |
| 12.2. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.North America |
| 12.2.2.Europe |
| 12.2.3.Asia-Pacific |
| 12.2.4.Latin America |
| 12.2.5.Middle East and Africa (MEA) |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Simris Alg |
| 13.2.2.Algisys |
| 13.2.3.Polaris |
| 13.2.4.Terravia |
| 13.2.5.Bioceuticals |
| 13.2.6.DSM Nutritional Products |
| 13.2.7.Bioprocess Algae, Llc |
| 13.2.8.Neptune Wellness Solutions |
| 13.2.9.Source-Omega |
| 14. Research Methodology |
| 15. 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.