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.
The report consists of global Omega 3 fatty acids market trends such as such as drivers, restraints and opportunities. Porter’s Five Forces analysis, PESTEL analysis, and value chain analysis are the analytical tools utilized in the published study in order to gain a better understanding of the global 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.
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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.
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 global Omega 3 fatty acids market comprises of both players operating at the global and at the national level. Some of the major key players include DSM, BASF, Croda, Pronova, Omega Protein, GC Rieber Oils, Axellus, Aker BioMarine, BioProcess Algae and others. These companies have established their presence in the market owing to continuous R&D activities and their various strategic initiatives.
Key segments of the global Omega 3 fatty acids market
Application Overview, 2015-2025 (USD million) (Kilo tons)
Supplements & Functional Foods
- Infant formulas
- Pet & Animal Feed
Regional Overview, 2015-2025 (USD million) (Kilo tons)
- North America
- Asia Pacific
- Latin America
- Middle-East & Africa
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