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Omega 3 Concentrates Market

Omega-3 Concentrates Market Forecasts to 2028 – Global Analysis By Form (Oil, Powder), Type (Triglyceride (TG), Ethyl Ester (EE), Phospholipids (PL)), Source, Concentration, End User and By Geography

4.8 (78 reviews)
Published: August 2021 ID: SMRC20846
4.8 (78 reviews)
Published: August 2021 ID: SMRC20846

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Omega-3 Concentrates Market is accounted for $1,771.13 million in 2020 and is expected to reach $3,351.79 million by 2028 growing at a CAGR of 8.3% during the forecast period. Rising awareness regarding the health benefits of omega-3 concentrates, growing health consciousness among consumers are the major factors propelling the market growth. However, depleting marine sources is hampering the market growth.

Omega-3 concentrates refer to highly concentrated oils comprising the EPA and DHA in sufficient amounts. These concentrates are obtained from omega-3 rich fats processed to have EPA or DHA in higher concentrations. Omega-3 is a vital building block for the development and maturation of an infant's brain and retina. The omega-3 concentrates are mainly derived from oils such as algal oil, calamari oil, and fish oil. These concentrates are also available in powdered forms and find their application in dietary supplement manufacturing and are also used as a pharmaceutical-grade component.

Based on end user, the dietary supplements segment is estimated to have a lucrative growth due to the significant increase in consumer spending on dietary supplement products that contain fish oils, vitamins, minerals, and other ingredients. Omega-3 dietary supplements, when consumed with regular exercise, help in enhancing cardiovascular and metabolic health. The deficiency of omega-3 is resulting in cardiovascular diseases in humans. Hence, consumers are taking dietary supplements to overcome the deficiency, and due to omega-3 concentrates, consumers can take a fewer amount of supplements and get adequate nutrition.

By geography, North America is going to have a lucrative growth during the forecast period due to the increase in awareness amongst the consumers for reducing the risk of illness along with maintaining their health. Consumers in the US and Canada are moving toward a healthy lifestyle and prefer products that provide health benefits. The gradual shift of consumers towards functional and dietary food due to the high protein and nutrient content of eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) in omega 3 concentrates propels the demand for the same in North America.

Some of the key players profiled in the Omega-3 Concentrates Market include BASF SE, AlaskOmega, Australian Omega Oils, Croda, DSM Nutritional Products AG, Epax Norway, GC Rieber VivoMega AS, Golden Omega S.A, K Pharmtech Co., Ltd, Nordic Naturals, Inc, Norwegian Fish Oil, Orkla Health, Polaris, Sinomega, and Stepan Specialty Products.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 1,771.13 million

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

8.3%

Predicted 2028 Value:

USD 3,351.79 million

Forecast Years:

2021-2028

Tables, Graphs & Figures

138

Chapters Covered:

Form, Type, Source, Concentration, End User and Region

Core Drivers and Opportunities:

  • Rising awareness regarding the health benefits
  • Growing health consciousness among consumers

Restraining Factors & Market Threats:

  • Depleting marine sources
  • Lack of awareness

 
Forms Covered:
• Oil
• Powder

Types Covered:
• Triglyceride (TG)
• Ethyl Ester (EE)
• Phospholipids (PL)

Sources Covered:
• Fish
• Algae
• Calamari
• Krill

Concentrations Covered:
• High Docosahexaenoic Acid (DHA)
• High Eicosapentaenoic Acid (EPA)
• Balanced EPA-DHA

End Users Covered:
• Dietary Supplements
• Food and Beverages
• Infant Formula
• Personalcare and Cosmetics
• Pharmaceuticals

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China        
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Omega-3 Concentrates Market is majorly driven by rising awareness regarding the health benefits of omega-3 concentrates, growing health consciousness among consumers.

The dietary supplements segment is growing at a highest CAGR owing to significant increase in consumer spending on dietary supplement products that contain fish oils, vitamins, minerals, and other ingredients.

North America dominated with a significant market share due to the factors such as increase in awareness amongst the consumers for reducing the risk of illness along with maintaining their health.

Asia Pacific market is growing at a highest CAGR owing to the shift in consumer inclination toward a healthy diet containing omega-3 ingredients and the use of fish oil in Southeast Asia.

Key players in Omega-3 Concentrates Market include BASF SE, AlaskOmega, Australian Omega Oils, Croda, DSM Nutritional Products AG, Epax Norway, GC Rieber VivoMega AS, Golden Omega S.A, K Pharmtech Co., Ltd, Nordic Naturals, Inc, Norwegian Fish Oil, Orkla Health, Polaris, Sinomega, and Stepan Specialty Products.

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