Omega-3 Polyunsaturated Fatty Acid Market
Global Omega-3 Polyunsaturated Fatty Acids Market Size, Share & Trends Analysis Report by Type (Docosahexaenoic Acid, Eicosapentaenoic Acid, Alpha-Linolenic Acid), By Source (Marine Source and Plant Source) By Applications (Dietary Supplements, Functional, Foods & Beverages, pharmaceutical, and Others), Forecast Period 2021-2027 Update Available - Forecast 2024-2030
The global omega-3 polyunsaturated fatty acids Market is anticipated to grow at a CAGR of 10.3% during the forecast period. The market is mainly due to the significant consumption of omega-3 in dietary supplements and pharmaceutical industries from across the globe. Omega-3 fatty acids cannot be synthesized by the human body and it is an essential element to enhance metabolic activities such as cognitive and cardiovascular functions. As a result, the adoption of omega-3 is rising through raising awareness and easy availability of omega-3 fatty acids in the market. The global rise in lifestyle-oriented diseases such as CVD, CHD, Rheumatic Arthritis, Parkinson’s disease, and another lingering disease are boosting the global omega-3 polyunsaturated fatty acids market.
Moreover, pharmaceutical drug manufacturers are using omega-3 as an ingredient in drugs that are used to treat various lifestyle-oriented diseases. The rise in health consciousness among individuals and a wide variety of omega-3 products are expected to drive the market in the near future. Along with that, the Global omega-3 polyunsaturated fatty acid market is affected by the high cost due to low production of fish oil and huge expenditure in R&D. However, rising alternatives of omega-3 through marine and plant sources are expected to overcome the high cost.
Segmental Outlook
The global omega-3 polyunsaturated fatty acids market is segmented based on type, source, and application. On the basis of type, the market is further classified into Docosahexaenoic Acid, Eicosapentaenoic Acid, Alpha-Linolenic Acid. Based on source the market is further segregated into the marine source and plant source. Based on the application, the market is classified into dietary supplements, functional food & beverages, pharmaceuticals, and others.
Global Omega-3 Polyunsaturated Fatty Acids Market Share, by Application, 2020 (%)
The functional food & beverages segment is anticipated to grow in the global Omega-3 Polyunsaturated Fatty Acid Market
Among application, the functional food & beverages segment is projected to grow at a significant CAGR during the forecast period. As there is a rise in population, consumers are demanding more healthy dietary foods as these products give efficient nutrition to the body than the other food products. Fish oil such as salmon and tuna has omega 3 used as dietary supplements. Furthermore, pharmaceutical applications are another sub-segment is that holds the second-highest share as the number of chronic diseases such as heart diseases, stroke, and cancer are increasing and omega-3 support in preventing these diseases by controlling lupus, rheumatoid arthritis and it lowers blood pressure, likely to reduce heart attack and strokes. For instance, according to American college cardiology, the number of mortality rates are increased where the total number of demises was 9.14 million in 2019 due to heart diseases, whereas mortality rates due to stroke in 2019 were 143 million.
Regional Outlooks
The global omega-3 polyunsaturated fatty acid market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. North America is projected to have significant growth in the global omega-3 polyunsaturated fatty acid market. The market is growing due to the significant consumption of omega-3 for health benefits and fitness. North America has the highest consumption of omega-3 through dietary supplements, functional food & beverages industry that further contribute to the growth of the regional market.
Asia-Pacific projected to have a significant share in the global Omega-3 Polyunsaturated Fatty Acids Market
Geographically, Asia-Pacific is projected to have a considerable share in the global omega-3 polyunsaturated fatty acids market. China, India, and other emerging economies are projected to create considerable opportunities due to the huge customer base and raising awareness for dietary supplements and functional food. Improving the healthcare system, rising prevalence of CVD, stroke and heart patients, and investment from private players are projected to provide ample opportunity to the market growth in the near future.
Market Players Outlook
The major key players include BASF SE, koninklijke DSM N.V, Orkla ASA, TASA OMEGA and others. The market players are considerably contributing to the market growth by adopting various strategies including mergers, and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in June 2018, Xerion and BASF entered into a partnership agreement to expand personalized nutrition in Asia Pacific. With this collaboration, BASF nutrition brand Newtrition will be having exclusive distribution rights to market Polyunsaturated omega 3 index test kits.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Omega-3 Polyunsaturated Fatty Acids
- market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Regulations
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Omega-3 Polyunsaturated Fatty Acid market by Type
5.1.1. Docosahexaenoic Acid
5.1.2. Eicosapentaenoic Acid
5.1.3. Alpha-Linolenic Acid
5.1.4. Global Omega-3 Polyunsaturated Fatty Acid market by Source
5.1.5. Marine Source
5.1.6. Plant Source
5.2. Global Omega-3 Polyunsaturated Fatty Acid market by Application
5.2.1. Dietary Supplements
5.2.2. Functional Food &beverages
5.2.3. Pharmaceutical
5.2.4. Others (Infant Formula, pet food)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1.1. Aker Bio Marine Antarctic AS
7.1.2. Arista Industries Inc.
7.1.3. Arjuna Natural Pvt Ltd.
7.1.4. BASF SE
7.1.5. Clover Cor Ltd.
7.1.6. Cargill Inc.
7.1.7. Croda International plc
7.1.8. EvonikIndustries AG
7.1.9. Gc Rieber
7.1.10. Golden Omega S.A
7.1.11. KD Pharma Bexbach GmbH
7.1.12. Koninklijke DSMN.V
7.1.13. Omega Protein Corp.
7.1.14. Orkla ASA
7.1.15. Pelagia AS
7.1.16. Pharma Marine AS
7.1.17. Polaris
7.1.18. Sanofi S.A.
7.1.19. TASA
1. GLOBAL OMEGA-3 POLYUNSATURATED FATTY ACID MARKET RESEARCH AND ANALYSIS BY TYPE,2020-2027 ($ MILLION)
2. GLOBAL DOCOSAHEXAENOIC ACID MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027($ MILLION)
3. GLOBAL EICOSAPENTAENOIC ACID MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027($ MILLION)
4. GLOBAL ALPHA-LINOLENIC ACID MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL OMEGA-3 POLYUNSATURATED FATTY ACID MARKET RESEARCH AND ANALYSIS BY SOURCE, 2020-2027 ($ MILLION)
6. GLOBAL OMEGA-3 POLYUNSATURATED FATTY ACID FROM MARINE SOURCE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL OMEGA-3 POLYUNSATURATED FATTY ACID FROM PLANT SOURCE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL OMEGA-3 POLYUNSATURATED FATTY ACID MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027($ MILLION)
9. GLOBAL OMEGA-3 POLYUNSATURATED FATTY ACID IN DIETARY SUPPLEMENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL OMEGA-3 POLYUNSATURATED FATTY ACID IN FUNCTIONAL FOOD AND BEVERAGEMARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027($ MILLION)
11. GLOBAL OMEGA-3 POLYUNSATURATED FATTY ACID IN PHARMACEUTICAL MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027($ MILLION)
12. GLOBAL OMEGA-3 POLYUNSATURATED FATTY ACID IN OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
13. GLOBAL OMEGA-3 POLYUNSATURATED FATTY ACID MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
14. NORTH AMERICAN OMEGA-3 POLYUNSATURATED FATTY ACID MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
15. NORTH AMERICAN OMEGA-3 POLYUNSATURATED FATTY ACID MARKET RESEARCH AND ANALYSIS BY TYPE,2020-2027 ($ MILLION)
16. NORTH AMERICAN OMEGA-3 POLYUNSATURATED FATTY ACID MARKET RESEARCH AND ANALYSIS BY SOURCE, 2020-2027 ($ MILLION)
17. NORTH AMERICAN OMEGA-3 POLYUNSATURATED FATTY ACID MARKET RESEARCH AND ANALYSIS BY APPLICATION,2020-2027 ($ MILLION)
18. EUROPEAN OMEGA-3 POLYUNSATURATED FATTY ACID MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
19. EUROPEAN OMEGA-3 POLYUNSATURATED FATTY ACID MARKET RESEARCH AND ANALYSIS BY TYPE,2020-2027 ($ MILLION)
20. EUROPEAN OMEGA-3 POLYUNSATURATED FATTY ACID MARKET RESEARCH AND ANALYSIS BY SOURCE, 2020-2027 ($ MILLION)
21. EUROPEAN OMEGA-3 POLYUNSATURATED FATTY ACID MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
22. ASIA-PACIFIC OMEGA-3 POLYUNSATURATED FATTY ACID MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
23. ASIA-PACIFIC OMEGA-3 POLYUNSATURATED FATTY ACID MARKET RESEARCH AND ANALYSIS BY TYPE,2020-2027 ($ MILLION)
24. ASIA-PACIFIC OMEGA-3 POLYUNSATURATED FATTY ACID MARKET RESEARCH AND ANALYSIS BY SOURCE, 2020-2027 ($ MILLION)
25. ASIA-PACIFIC OMEGA-3 POLYUNSATURATED FATTY ACID MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
26. REST OF THE WORLD OMEGA-3 POLYUNSATURATED FATTY ACID MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
27. REST OF THE WORLD OMEGA-3 POLYUNSATURATED FATTY ACID MARKET RESEARCH AND ANALYSIS BY TYPE,2020-2027 ($ MILLION)
28. REST OF THE WORLD OMEGA-3 POLYUNSATURATED FATTY ACID MARKET RESEARCH AND ANALYSIS BY SOURCE, 2020-2027 ($ MILLION)
29. REST OF THE WORLD OMEGA-3 POLYUNSATURATED FATTY ACID MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
1. GLOBAL OMEGA-3 POLYUNSATURATED FATTY ACID MARKET SHARE BY TYPE,2020 VS 2027 (%)
2. GLOBAL OMEGA-3 POLYUNSATURATED FATTY ACID MARKET SHARE BY SOURCE, 2020 VS 2027 (%)
3. GLOBAL OMEGA-3 POLYUNSATURATED FATTY ACID MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
4. GLOBAL OMEGA-3 POLYUNSATURATED FATTY ACID MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
5. GLOBAL OMEGA-3 POLYUNSATURATED FATTY ACID MARKET SHARE BY TYPE, 2020 VS 2027 (%)
6. GLOBAL DOCOSAHEXAENOIC ACID SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL EICOSAPENTAENOIC ACID MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL ALPHA-LINOLENIC ACID MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL OMEGA-3 POLYUNSATURATED FATTY ACID FROM MARINE SOURCE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL OMEGA-3 POLYUNSATURATED FATTY ACID FROM PLANT SOURCE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL OMEGA-3 POLYUNSATURATED FATTY ACID IN DIETARY SUPPLEMENTS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL OMEGA-3 POLYUNSATURATED FATTY ACID IN FUNCTIONAL FOOD AND BEVERAGES MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL OMEGA-3 POLYUNSATURATED FATTY ACID IN PHARMACEUTICAL MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL OMEGA-3 POLYUNSATURATED FATTY ACID IN OTHER APPLICATION MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
15. US OMEGA-3 POLYUNSATURATED FATTY ACID MARKET SIZE, 2020-2027($ MILLION)
16. CANADA OMEGA-3 POLYUNSATURATED FATTY ACID MARKET SIZE, 2020-2027($ MILLION)
17. UK OMEGA-3 POLYUNSATURATED FATTY ACID MARKET SIZE, 2020-2027($ MILLION)
18. FRANCE OMEGA-3 POLYUNSATURATED FATTY ACID MARKET SIZE, 2020-2027($ MILLION)
19. GERMANY OMEGA-3 POLYUNSATURATED FATTY ACID MARKET SIZE, 2020-2027($ MILLION)
20. ITALY OMEGA-3 POLYUNSATURATED FATTY ACID MARKET SIZE, 2020-2027($ MILLION)
21. SPAIN OMEGA-3 POLYUNSATURATED FATTY ACID MARKET SIZE, 2020-2027($ MILLION)
22. REST OF EUROPE OMEGA-3 POLYUNSATURATED FATTY ACID MARKET SIZE, 2020-2027($ MILLION)
23. INDIA OMEGA-3 POLYUNSATURATED FATTY ACID MARKET SIZE, 2020-2027($ MILLION)
24. CHINA OMEGA-3 POLYUNSATURATED FATTY ACID MARKET SIZE, 2020-2027($ MILLION)
25. JAPAN OMEGA-3 POLYUNSATURATED FATTY ACID MARKET SIZE, 2020-2027($ MILLION)
26. SOUTH KOREA OMEGA-3 POLYUNSATURATED FATTY ACID MARKET SIZE, 2020-2027($ MILLION)
27. REST OF ASIA-PACIFIC OMEGA-3 POLYUNSATURATED FATTY ACID MARKET SIZE, 2020-2027($ MILLION)
28. REST OF THE WORLD OMEGA-3 POLYUNSATURATED FATTY ACID MARKET SIZE, 2020-2027($ MILLION)
