Omega-3 Concentrates Global Market - Industry and Forecast to 2027

The omega-3 concentrates market was valued at US$ 1,635.39 million in 2019 and is projected to reach US$ 2,703.20 million by 2027; it is expected to grow at a CAGR of 6.6% during the forecast period.

Omega-3 concentrates are highly purified oils that offer DHA and EPA in sufficient amounts. Convenience and health benefits, such as cardiovascular, eye, and brain health are propelling the demand for omega-3 concentrates. Rising health consciousness among consumers furthers helps in market expansion. As the population worldwide is inclined toward a healthy lifestyle, they are becoming familiar with the benefits of omega-3 concentrates. Omega-3 fatty acids help reduce the risk of heart disease and are used during exercise and diet to reduce the levels of triglyceride and to increase levels of HDL cholesterol. Increased level of triglyceride in the blood promotes the development of arteriosclerosis, which eventually increases the risk of cardiovascular disease. Moreover, omega-3 concentrates aids in reducing depression and anxiety, improves eye health, reduces the symptoms of metabolic syndrome, fights inflammation, helps prevent cancer risks, and offers various other health benefits. Further, the rising incidence of cardiovascular diseases, cancer, and other similar health issues has also augmented the demand for omega-3 concentrates worldwide.

North America is expected to hold the largest share of the global omega 3 concentrates market during the forecast period. The North America region consists of developed economies such as the US, Canada, and Mexico. Several domestic and international companies have a strong foothold in the North American region. BASF SE, AlaskOmega, and Golden Omega S.A. are among the key market players present in the North America Omega-3 concentrates market. These companies are constantly working toward innovation and new product developments of Omega-3 concentrates with improved characteristics and qualities to attract new consumers and widen the consumer base in the region. The rise in awareness amongst the consumers for reducing the risk of illness along with maintaining their health is the key factors driving the omega-3 concentrates market in North America. Consumers in the US and Canada are moving toward a healthy lifestyle and prefer products that provide health benefits. Various research suggests that omega-3 concentrates offer various health benefits. Omega 3 concentrates help reduce the risk of cardiovascular diseases and enhance the eye and brain health. 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

COVID-19 outbreak started in Wuhan, China, in December 2019 and has spread across the globe. The US, India, Brazil, Russia, the UK, France, Spain, Italy, Turkey, and Germany are among the most-affected nations in terms of confirmed cases and reported deaths, as of January 2021. According to the WHO, there are ~99,864,391 affirmed cases and 2,149,700 death cases across the world. COVID-19 has affected economies due to lockdowns, travel bans, and business shutdowns. The global food & beverages industry is one of the major businesses enduring supply chain breaks, and manufacturing disruptions due to lockdown and office shutdowns. China is the global hub of manufacturing and the largest raw material supplier for various industries. The lockdown of various plants and factories leading regions, such as Asia Pacific and Europe, is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various goods. All these factors have greatly affected the global omega-3 concentrates market growth.

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Omega-3 Concentrates Market: Strategic Insights

Omega-3 Concentrates Market

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  CAGR (2019 - 2027)

  6.6%
• Market Size 2019
  US$ 1.64 Billion
• Market Size 2027
  US$ 2.7 Billion

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• BASF SE
• AlaskOmega
• Golden Omega S A
• K Pharmtech Co Ltd
• DSM Nutritional Products AG
• Nordic Naturals Inc
• Epax Norway
• Norwegian Fish Oil
• GC Rieber VivoMega

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Form

• Oil and Powder

Source

• Fish
• Algae
• Calamari
• Krill

Type

• Triglyceride
• Ethyl Ester
• Phospholipids

Concentration

• High DHA
• High EPA
• Balanced EPA-DHA

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Market Insights

Increased Demand for Omega-3 Concentrates from End-User Segments

Omega-3 is highly used in the production of infant formula, food & beverages, dietary supplements, and others. Increased application of omega-3 concentrates on infant formula has significantly influenced the market expansion. Omega-3 is a vital building block for the development and maturation of an infant's brain and retina. Developing countries such as India and China are estimated as the largest consumers of infant formula products globally, attributed to high birth rates in the countries. In India, the annual average of childbirth is more than 25 million children, and a similar trend is observed in China. Moreover, the rising trend of healthy aging is also increasing the application of omega-3 concentrates in food & beverages. The life expectancy of the populations worldwide is increasing, which further stimulates the need for healthy aging. The consumption of nutritious food & beverages reduces the risk of chronic diseases and promotes good physical and mental function. The geriatric population in countries such as Japan are increasing tremendously. According to World Economic Forum, 25% of the Japanese population is older than 65 years. Moreover, omega-3 also offers various benefits to the skin, including acne prevention, protection against sun damage, and fight red, dry, or itchy skin caused by skin disorders, such as atopic dermatitis and psoriasis. These properties of omega-3 expand its application in personal care and cosmetic products. Thus, the factors mentioned above are positively influencing the market and are propelling the omega-3 concentrates market growth.

Form Insights

Based on form, the omega 3 concentrates market is segmented into oil and powder. In 2019, the oil segment dominated the market. The omega-3 concentrate is a highly concentrated oil that contains EPA and DHA with a sum concentration of more than 50%. Omega-3 concentrates are majorly obtained from omega-3 rich oils that are further processed to obtain a higher EPA and/or DHA concentration. These can be obtained from several omega-3 rich oils such as alga oil, fish oil, and calamari oil. The richest and the cheapest source of EPA/DHA is fish oil. Fish oil contains 30–60 different fatty acids. Fish oil is an industrial product of high nutritional value due to its content of long-chain omega-3 polyunsaturated fatty acids (PUFA), such as Docosahexaenoic acid (DHA), and Eicosapentaenoic acid (EPA), which is extremely valued for their prophylactic and therapeutic properties in nutritional and health fields. Moreover, the market for highly concentrated on omega-3 fatty acid fish oils for pharmaceuticals and supplements is growing.

Source Insights

Based on source, the omega-3 concentrates market is segmented into fish, algae, calamari, Krill, and others. In 2019, the fish segment dominated the market. Fish are the primary food source of EPA and DHA. Fish oil is mainly derived from oily fish tissues containing omega-3 fatty acids docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA), precursors of certain eicosanoids are known to improve hypertriglyceridemia and lessen inflammation in the body. More than 50% of the world's fish oil used in aquaculture feed is fed to farmed salmon. The most extensively available EPA and DHA dietary source is cold-water oily fish, such as salmon, anchovies, mackerel, and sardines. Fish oil has become a prevalent supplement because of its documented cardiovascular and ocular health benefits. Most health benefits from fish oil consumption are connected with the long-chain omega-3 fatty acids, EPA, and DHA.

Concentration Insights

Based on concentration, the omega 3 concentrates market is segmented into high DHA, high EPA, and balanced EPA-DHA. In 2019, the high DHA segment dominated the market. DHA (docosahexaenoic acid) is an omega-3 fatty acid usually found in the meat of cold-water fish such as tuna, mackerel, salmon, cod liver, whale blubber, and others. It can also be found in algae. DHA reduces heart disease risk, improves attention deficit hyperactivity disorder, reduces the risks of early preterm births, and fights inflammation. It is also used for improving infant and child development and is commonly used as a supplement for premature babies. Pregnant women are advised to take prenatal supplements, which contain 200mg–300mg of DHA owing to its benefits on brain development. Various studies state that DHA supplementation during pregnancy helps in neurological development in infants. It is a vital ingredient in infant formula for brain development. Further, research published on Critical Reviews in Food Science and Nutrition in 2019 reveals that high DHA levels at birth are linked with better childhood neurodevelopmental health.  

Type Insights

Based on type, the omega-3 concentrates market is segmented into triglyceride (TG), ethyl ester (EE), and phospholipids (PL). In 2019, the triglyceride segment dominated the market. Triglycerides are formed of three fatty acids bound to a glycerol backbone. This is the molecular form that builds up virtually all oils and fats in plant and animal species. Unrefined fish oil comprises TGs with differing amounts of DHA and EPA. The commercially available TG forms usually undergo processing and purification by numerous methods. During the process, the glycerol backbone of triglycerides is removed from DHA and EPA, and some shorter chain fatty acids are taken out. Further, fish oil in the triglyceride form offers numerous advantages over ethyl ester fish oil. The triglyceride oils are the molecular form found naturally in fish. A triglyceride fish oil is metabolized and absorbed more efficiently than oil in the ethyl ester form.

End Use Insights

Based on end use, the omega 3 concentrates market is segmented into food and beverages, dietary supplements, pharmaceuticals, infant formula, personal care and cosmetics, and others. In 2019, the dietary supplements segment dominated the market. Omega-3 dietary supplements, when consumed with regular exercise, help in enhancing cardiovascular and metabolic health. Nowadays, consumers are spending significantly on dietary supplement products that contain fish oils, vitamins, minerals, and other ingredients. Dietary supplements can be purchased without the consultation of physician. Growing awareness among consumers to reduce the risk of illness and maintain their health favors the segment growth. In the US, guidelines recommend a combined EPA and DHA intake of between 250 and 500 mg per day. However, people in the US consume less amount of omega-3 through food. The average intake of DHA and EPA from food sources is ~90 mg in adults. 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. Fish oil, krill oil, algal oil, and cod liver oil are some of the dietary supplements rich in EPA and DHA.

 

BASF SE; AlaskOmega; Golden Omega S.A.; K Pharmtech Co., Ltd.; DSM Nutritional Products AG; Nordic Naturals, Inc.; Epax Norway; Norwegian Fish Oil; GC Rieber VivoMega; and Australian Omega Oils Pty. Ltd. are among the key players present in the global omega-3 concentrates market. These companies are implementing new product developments and mergers and acquisitions to enlarge the customer base and gain significant market share across the world, which, in turn, permit the players to maintain their brand name globally.

Omega-3 Concentrates Market Report Scope

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• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Report Spotlights 

• Progressive industry trends in the global omega 3 concentrates market that help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the global omega 3 concentrates market from 2017 to 2027
• Estimation of global omega 3 concentrates demand across various industries
• PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
• Recent developments to understand the competitive market scenario and global omega 3 concentrates demand
• Market trends and outlook, and factors driving and restraining the growth of the global omega 3 concentrates market
• Understanding of strategies that underpin commercial interest with regard to the market growth

• Global omega 3 concentrates market size at various nodes of market
• Detailed overview and segmentation of the market, as well as its industry dynamics
• Global omega 3 concentrates market size in various regions with promising growth opportunities in the respective regions

Omega 3 Concentrates Market, byForm

• Oil
• Powder

Omega 3 Concentrates Market, by Source

• Fish
• Algae
• Calamari
• Krill
• Others

Omega 3 Concentrates Market, by Type

• Triglyceride (TG)
• Ethyl Ester (EE)
• Phospholipids (PL)

Omega 3 Concentrates Market, by Concentration

• High DHA
• High EPA
• Balanced EPA-DHA

Omega 3 Concentrates Market, by End Use           

• Food and Beverages
• Dietary Supplements
• Pharmaceuticals
• Infant Formula
• Personal care and cosmetics
• Others

Company Profiles

• BASF SE
• AlaskOmega
• Golden Omega S.A.
• K Pharmtech Co., Ltd.
• DSM Nutritional Products AG
• Nordic Naturals, Inc.
• Epax Norway
• Norwegian Fish Oil
• GC Rieber VivoMega
• Australian Omega Oils Pty. Ltd