Animal fats and fish oils are currently much in focus because of their content of high-value Omega-3 unsaturated fatty acids. Krill oil, derived from shrimp-like crustaceans called krill, is rich with omega-3 fatty acids. Studies have also show that chia seeds contain numerous vitamins, minerals and nutrients including omega-3 fatty acids. Omega-3 fatty acids can aid in development of vision in infants.
Recent Developments
Major players in the market are focused on launching GMP certified products to expand their product portfolio. For instance, in October 2019, Omega Protein Corporation announced that the Gulf menhaden fishery was certified as sustainable against Marine Stewardship Council (MSC) standards.
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Global Omega-3 Ingredients Market: Drivers
Increasing prevalence of chronic diseases is expected to propel growth of the global omega-3 ingredients market over the forecast period. For instance, according to the American Heart Association’s Heart and Stroke Statistics 2019 Update, around 48% of all adults in the U.S. suffered from some type of CVD in 2016.
Moreover, increasing health awareness is also expected to aid in growth of the market. For instance, The American Heart Association and the World Health Organization recommend a diet high in Omega-3 essential fatty acids.
Global Omega-3 Ingredients Market: Opportunities
Production of vegan omega-3 ingredients is expected to offer lucrative growth opportunities for players in the global omega-3 ingredients market. For instance, the number of people consuming only vegetarian food in the U.K. increased from 276,000 in 2016 to 600,000 in 2019, according to The Vegan Society.
Moreover, availability of GMP certified products is also expected to propel growth of the market. For instance, in March 2019, OLVEA Fish Oils and OLVEA Green Technologies obtained the GMP+ certification; GMP+ B2 for eco-refinery and GMP+ B1 for OLVEA Fish Oils.
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Market Trends:
Raw krill oil is used in manufacturing drug candidate CaPre (omega-3 phospholipid) used for the treatment of severe hypertriglyceridemia. For instance, in November 2019, Acasti Pharma Inc., a biopharmaceutical company, partnered with Aker BioMarine, a Norwegian fishing and biotech company providing krill products, to deliver krill oil to Acasti, under a two-year, fixed price supply agreement.
Availability of farm loans in the U.S. is expected to boost animal fat production, thereby aiding in growth of the global omega-3 ingredients market. For instance, in the U.S., Department of Agriculture Maine Farm Service Agency offers specially targeted farm ownership and farm operating loans. In 2019, the agency offered US$ 5.97 million in loans.
Key Takeaways:
The global omega 3 ingredients market was valued at US$ 3.83 billion in 2016 and is expected to expand at a CAGR of 15% in terms of revenue during 2017 – 2027.
Europe, followed by North America, and Asia Pacific, respectively accounted for major revenue shares in the global omega 3 ingredients market in 2016 and the trend is projected to remain the same over the forecast period. In 2016,
North America held a market share of 28.1%, followed by Europe’s share of 27.6% in the global omega-3 ingredients market. Growth of the market in North America is driven by increasing demand for fish oil. For instance, according to survey conducted by National Center for Complementary and Integrative Health in the United States, fish oil was the most common natural supplement product used by over 8 million adults in the United States in 2012, than in 2007.
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Global Omega-3 Ingredients Market: Competitive Landscape
Major players operating in the global omega-3 ingredients market include BASF SE, Croda International Plc., Koninklijke DSM NV, NU-MEGA Ingredients Pvt. Ltd., Omega Protein Corporation, Ocean Nutrition Canada Limited, and Pronova BioPharma ASA.
Global Omega-3 Ingredients Market: Key Developments
Major players in the global omega-3 ingredients market are focused on launching online distribution channels to enhance their market share. For instance, in October 2018, Lysi hf launched online shop for its health products.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet By Source
- Market Snippet By Type
- Market Snippet By Application
- Market Snippet By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Supply Side Drivers
- Demand Side Drivers
- Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trends
- Mergers and Acquisitions
- New Product Approvals/Launches
- Promotion and Marketing Initiatives
- Drivers
- Cost Tier Down Analysis
- Market Dynamics
- Global Omega 3 Ingredients Market, By Source, 2015–2025 (US$ Mn)
- Introduction
- Market Share Analysis, 2015 & 2025 (%)
- Y-o-Y Growth Analysis, 2015–2025
- Segment Trends
- Nuts and Seeds
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Mn)
- Vegetable Oils
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Mn)
- Marine
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Mn)
- Soya
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Mn)
- Introduction
- Global Omega 3 Ingredients Market, By Type, 2015–2025 (US$ Mn)
- Introduction
- Market Share Analysis, 2015 & 2025 (%)
- Y-o-Y Growth Analysis, 2015–2025
- Segment Trends
- ALA
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Mn)
- DHA
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Mn)
- EPA
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Mn)
- Introduction
- Global Omega 3 Ingredients Market, By Application, 2015–2025 (US$ Mn)
- Introduction
- Market Share Analysis, 2015 & 2025 (%)
- Y-o-Y Growth Analysis, 2015–2025
- Segment Trends
- Infant Formula
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Mn)
- Supplements & Functional Foods
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Mn)
- Animal Feed
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Mn)
- Pharmaceuticals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Mn)
- Introduction
- Global Omega 3 Ingredients Market, By Regions, 2015–2025 (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2015 & 2025 (%)
- Y-o-Y Growth Analysis, For Regions, 2015–2025
- North America
- Market Share Analysis, By Country, 2015 & 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2015–2025
- U.S.
- Country Trends
- Market Size and Forecast, By Source, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Types, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
- Canada
- Country Trends
- Market Size and Forecast, By Source, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Types, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
- U.S.
- Europe
- Market Share Analysis, By Country, 2015 & 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2015–2025
- U.K.
- Country Trends
- Market Size and Forecast, By Source, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Types, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
- Germany
- Country Trends
- Market Size and Forecast, By Source, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Types, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
- Italy
- Country Trends
- Market Size and Forecast, By Source, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Types, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
- France
- Country Trends
- Market Size and Forecast, By Source, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Types, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
- Russia
- Country Trends
- Market Size and Forecast, By Source, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Types, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
- Rest of Europe
- Country Trends
- Market Size and Forecast, By Source, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Types, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
- U.K.
- Asia Pacific
- Market Share Analysis, By Country, 2015 & 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2015–2025
- China
- Country Trends
- Market Size and Forecast, By Source, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Types, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
- India
- Country Trends
- Market Size and Forecast, By Source, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Types, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
- Japan
- Country Trends
- Market Size and Forecast, By Source, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Types, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
- ASEAN
- Country Trends
- Market Size and Forecast, By Source, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Types, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
- Australia
- Country Trends
- Market Size and Forecast, By Source, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Types, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
- South Korea
- Country Trends
- Market Size and Forecast, By Source, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Types, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
- Rest of Asia Pacific
- Country Trends
- Market Size and Forecast, By Source, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Types, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
- China
- Latin America
- Market Share Analysis, By Country, 2015 & 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2015–2025
- Brazil
- Country Trends
- Market Size and Forecast, By Source, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Types, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
- Mexico
- Country Trends
- Market Size and Forecast, By Source, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Types, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
- Rest of Latin America
- Country Trends
- Market Size and Forecast, By Source, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Types, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
- Brazil
- Middle East
- Market Share Analysis, By Country, 2015 & 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2015–2025
- GCC Countries
- Country Trends
- Market Size and Forecast, By Source, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Types, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
- Israel
- Country Trends
- Market Size and Forecast, By Source, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Types, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
- Rest of Middle East
- Country Trends
- Market Size and Forecast, By Source, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Types, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
- GCC Countries
- Africa
- Market Share Analysis, By Country, 2015 & 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2015–2025
- Northern Africa
- Country Trends
- Market Size and Forecast, By Source, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Types, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
- Central Africa
- Country Trends
- Market Size and Forecast, By Source, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Types, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
- South Africa
- Country Trends
- Market Size and Forecast, By Source, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Types, 2015–2025 (US$ Mn)
- Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
- Northern Africa
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
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