Adroit Market Research published a study titled, “Global Omega 3 fatty acids Market Size 2017, by Application (Supplements & Functional Foods, Pharmaceuticals, Infant formulas, Pet & Animal Feed and others) and by Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) Trends and Forecast 2018 to 2025”.
The global omega 3 fatty acids market size was valued at USD 1.26 billion in 2017 and is expected to keep on growing in the forecast period. The positive clinical research, along with increasing health awareness, regulatory recognition and improvement of standard of living in several countries propel the growth of global Omega 3 fatty acids market in the coming years.
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The global Omega 3 fatty acids market size is estimated to reach USD 2.07 billion by 2025, driven by the growing health awareness coupled with improving standard of living in several regions. The demand for Omega 3 fatty acids has grown substantially over the past few years owing to the rapid development in EPA/DHA’s science. Polyunsaturated Omega 3 fatty acids fatty acids help to fight against heart diseases and are beneficial for both brain and eyes. Thus, pharma industry is ramping up the supply of Omega 3 fatty acids resulting in positive impact on the overall Omega 3 fatty acids market.
The global Omega 3 fatty acids market study provides the market estimates in terms of volume (Kilo tons) and revenue (USD million), for a total period of 2015 to 2025. The historic market figures have been provided from 2015 to 2017 and forecast figures from 2018 to 2025. The global Omega 3 fatty acids market 2018 gives a holistic view of the industry encompassing qualitative trends and quantitative analysis for key regions and countries.
Fish is the biggest source of Omega 3 fatty acids and only a tiny percent of it is produced from algae and plant oils. However, due to reasons such as overfishing and decreasing supply of fish will restrain the omega oil production in the future. Producers are coming up with new alternatives such as extracting Omega 3 fatty acids from marine algae and plant oils. For instance, BASF and Cargill partnered for a project to bring genetically modified canola oil containing Omega 3 fatty acids into the market. Currently, there are few small players who provide algal Omega 3 fatty acids in the market. Hence, influx of clinical research validating these ingredients will propel the Omega 3 fatty acids market in the forecast period.
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The global Omega 3 fatty acids market will be doing fine simply due to the rapid economic development across the world. Also, rise in demand for supplements and functional foods will boost the growth of Omega 3 fatty acids market in the forecast period. Emerging economies such as India, China, and other Asian countries are spending on pharmaceutical sector, thus, attracting the major market players to invest in these regions. However, the limited supply of fish that provides Omega 3 fatty acids fatty acids and increased levels of contamination in fishes can act as a barrier to the growth of Omega 3 fatty acids market.
Despite the overall growth of Omega 3 fatty acids market, the market in Europe and the US is slightly down from the previous years, indicating the maturity of market in these regions. The pet & animal feed sector has decreased slightly, while the other applications such as supplements & functional foods and infant formulas have shown growth in Europe. Even if the European market is mature, a vast majority of people do not get enough EPA and DHA to support their health. Hence, the demand for EPA and DHA supplements will grow with its recognition in the forecast period, contributing to the growth of Omega 3 fatty acids market.
Supplements & functional food form the largest segment within the global Omega 3 fatty acids market, with infant formulas to grow with the highest growth rate in the forecast period. Due to the growing demand of DHA supplements for pregnant women across the world because of the inadequate DHA in diet will drive the market growth. Furthermore, demand for DHA rich food supplements for non-lactating mothers is anticipated to have a positive impact on the Omega 3 fatty acids market growth in forecast period.
Asia-Pacific region is expected to witness the highest growth rate of 9.1% from 2018 to 2025. Increasing awareness for benefits of Omega 3 fatty acids for its nutritional value among the developing countries such as China, is the key factor that will drive the Omega 3 fatty acids market growth. Also, growing efforts of manufacturers to establish themselves and expand their business across emerging economies will benefit the global Omega 3 fatty acids market in the forecast period.
The competitive landscape of global Omega 3 fatty acids market consist of global as well as some regional players including DSM, BASF, Croda, Pronova, Omega Protein and others. These prominent players have always looked forward to implement eminent strategies through partnerships, agreements, collaborations and business expansions. For instance, in March 2017, DSM and Evonik announced their joint venture to produce Omega 3 fatty acids fatty acids from natural marine algae for animal nutrition.
Key segments of the global Omega 3 fatty acids market
Application Overview, 2015-2025 (USD million) (Kilo tons)
- Supplements & Functional Foods
- Pharmaceuticals
- Infant formulas
- Pet & Animal Feed
- Others
Regional Overview, 2015-2025 (USD million) (Kilo tons)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle-East & Africa
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What does the report include?
- The report focuses on Omega 3 fatty acids market and its application industries.
- The study on the global Omega 3 fatty acids market includes qualitative factors such as value chain analysis, drivers, and restraints
- The study covers qualitative and quantitative analysis of the market segmented on the basis of applications. Moreover, the study provides similar information for the key geographies
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
The report on the global Omega 3 fatty acids market is suitable for all the players across the value chain including industries such as food, pharmaceuticals and others
- Venture capitalists and investors looking for more information on the future outlook of the global Omega 3 fatty acids market
- Consultants, analysts, researcher, and academicians looking for insights shaping the global Omega 3 fatty acids market
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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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