Global Omega 3 Fatty Acid Market Revenue Projected Around USD 9 Billion By 2026

19-Mar-2020 | Facts and Factors

Facts and Factors has authored “Omega 3 Fatty Acid Market By Type Analysis (Alpha-Linolenic Acid, Eicosapentaenoic Acid, and Docosahexaenoic Acid), By Application Analysis (Infant formula, Pharmaceuticals, Clinical Nutrition, Food and Beverage, Dietary Supplements, and Pet food), By Source Analysis (Fish Oil, Algal Oil, and Plant Oil), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026”. Based on our analysis, the Global Omega 3 Fatty Acid market in 2019 is approximately USD 4 Billion and is anticipated to reach around USD 9 Billion by 2026. The anticipated CAGR for the Omega 3 Fatty Acid market is around 14% from 2020 to 2026.

Omega 3 Fatty Acid Market

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Omega−3 fatty acids are polyunsaturated fatty acids (PUFAs) and are also called n−3 fatty acids, ω−3 fatty acids, and omega-3 oils. There are two major sources of omega−3 fatty acids including plant sources such as walnut, edible seeds, clary sage seed, flaxseed, Sacha Inchi, Echium, hemp, etc. and animal sources such as fish, chicken eggs, squid, krill, certain algae, etc. Lowering the risk of diseases and disorders such as cancer, asthma, cardiovascular disease, atopic diseases, inflammation, cognitive aging, brain and visual functions, mental health, developmental disabilities, and risk of deficiency is anticipated to strengthen the growth of the omega 3 fatty acid demands over the forecast period.

Browse the full “Omega 3 Fatty Acid Market By Type Analysis (Alpha-Linolenic Acid, Eicosapentaenoic Acid, and Docosahexaenoic Acid), By Application Analysis (Infant formula, Pharmaceuticals, Clinical Nutrition, Food and Beverage, Dietary Supplements, and Pet food), By Source Analysis (Fish Oil, Algal Oil, and Plant Oil), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026" https://www.fnfresearch.com/omega-3-fatty-acid-market-by-type-analysis-829

The omega 3 fatty acid market is segmented based on type, application, and source. Based on type segmentation, the market is classified into alpha-linolenic acid (ALA), eicosapentaenoic acid (EPA), and docosahexaenoic acid (DHA). Among which, alpha-linolenic acid found in plant sources, whereas; eicosapentaenoic acid and docosahexaenoic acid both found in marine sources.

Based on the application the omega 3 fatty acid market is classified as infant formula, pharmaceuticals, clinical nutrition, food and beverage, dietary supplements, and pet food. Among these, the dietary supplements segment is anticipated to account for the largest market share in terms of volume as well as value. High population growth and increasing per capita income is predicted to strengthen the growth of the market especially across developing economies over the forecast period.

By Source, the Omega 3 fatty acid market split into fish oil, algal oil, and plant oil. Among all the source segments, the fish oil segment accounts for more than 40% share in the global omega 3 fatty acid market. Nevertheless, the plant oil segment is anticipated to grow at a substantial growth rate over the forecast period. This is with respect to the increasing vegan population across the globe.

The global omega 3 fatty acid market analysis is split into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among the aforementioned regions, the Asia Pacific omega 3 fatty acid market is anticipated to expand at a significant growth rate over the forecast period.

The growth is owing to the increasing popularity of healthy products coupled with increasing per capita income of the consumers across the region especially in countries such as India and China. Furthermore, the increasing the population is another factor bolstering the omega 3 fatty acid market across the region. North America and Europe omega 3 fatty acid markets are anticipated to account for major revenue share in the global market. This is attributed to the increasing penetration of omega 3 fatty acids in the food supplement and active pharmaceutical ingredient market. 

Report Scope

Report Attribute

Details

Market Size in 2019

USD 4 Billion

Projected Market Size in 2026

USD 9 Billion

CAGR Growth Rate

14% CAGR

Base Year

2019

Forecast Years

2020-2026

Key Market Players

Cargill Incorporated, BASF SE, Royal DSM, Schiff Vitamins (Reckitt Benckiser Group PLC), Nordic Naturals, Inc., Epax Norway AS, Omega Protein Corporation, Organic Technologies, Arjuna Natural Pvt. Ltd., Cellana Inc., and others. The prominent market players in the market are focused on key trends such as Go-To-Market Strategy, Merger & Acquisitions and Partnerships/JVs Feasibility, and New Product/Service Launch and Expansion., and Others

Key Segment

By Type , Application, Source, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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Some of the leading players in the global market include

Cargill Incorporated, BASF SE, Royal DSM, Schiff Vitamins (Reckitt Benckiser Group PLC), Nordic Naturals, Inc., Epax Norway AS, Omega Protein Corporation, Organic Technologies, Arjuna Natural Pvt. Ltd., Cellana Inc., and others. The prominent market players in the market are focused on key trends such as Go-To-Market Strategy, Merger & Acquisitions and Partnerships/JVs Feasibility, and New Product/Service Launch and Expansion.

This report segments the Global Omega 3 Fatty Acid market as follows:

By Type Analysis

  • ALA (Alpha-Linolenic Acid)
  • EPA (Eicosapentaenoic Acid)
  • DHA (Docosahexaenoic Acid)

By Application Analysis

  • Infant Formula
  • Pharmaceuticals
  • Clinical Nutrition
  • Food and Beverage
  • Dietary Supplements
  • Pet Food

By Source Analysis

  • Fish Oil
  • Algal Oil
  • Plant Oil

By Region

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-East Asia
    • Rest of Asia pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

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