Omega 3 Products Market by Product and Geography - Forecast and Analysis 2019-2023

The global Omega 3 products market has the potential to grow by USD 16.13 billion during 2019-2023. The growth momentum will accelerate throughout the forecast period, and the market will grow at a CAGR of over 7%.

The health benefits of Omega 3 products and the increasing popularity of vegan Omega 3 products are some of the major factors driving market growth. The US, China, and Canada are currently the major markets for Omega 3 products.

Omega 3 Products Market Report - Key Insights

Scope of this Report

The report provides a detailed analysis of the market by product and geography. Also, the report analyzes the market's competitive landscape and offers information on several market vendors.

Browse TOC and LoE with selected illustrations and example pages from Omega 3 products market report

Request a FREE sample now!

Market Segmentation     

Omega 3 Products Market by Product

• Functional food and supplements
• Infant nutrition
• Pharmaceutical
• Pet food and feed

Omega 3 Products Market by Region

• APAC
• Europe
• MEA
• North America
• South America

Market Competitive Analysis

The market is fragmented, and the degree of fragmentation will increase during the forecast period. Market vendors are focusing on new product launches and M&As to increase their Omega 3 products market share. AKER BIOMARINE AS, Archer Daniels Midland Co., and BASF SE are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, the increasing fish allergy among consumers will challenge the growth of the market participants. To increase their Omega 3 products market share, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this Omega 3 products market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and provides information on the products offered by various companies. Moreover, this Omega 3 products market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading Omega 3 product manufacturers, including:

• AKER BIOMARINE AS
• Archer Daniels Midland Co.
• BASF SE
• Bellamy's Australia Ltd.
• Cargill Inc.
• Koninklijke DSM NV
• Nestlé SA
• Orkla ASA
• Reckitt Benckiser Group Plc
• Unilever Group

Omega 3 Products Market: Key Drivers and Trends

The health benefits of Omega 3 products will be a significant factor in driving the growth of the Omega 3 market. Omega 3 fatty acids, such as eicosapentaenoic acid (EPA), help in fighting depression and anxiety. Omega 3 fatty acids also reduce the risks of Alzheimer's disease in older people and attention deficit hyperactivity disorder (ADHD) in children.

Moreover, the consumption of Omega 3 fatty acids improves eye health and minimizes the risk of heart diseases among consumers. The risk of macular degeneration, which can cause permanent eye damage and blindness, can be greatly reduced by the consumption of Omega 3 fatty acids. The increasing awareness about these health benefits among consumers is expected to boost the demand for Omega 3 products.

• The increasing popularity of vegan Omega 3 products will be one of the critical Omega 3 products market trends contributing to market growth.
• Vegan diet is rich in antioxidants, folate, magnesium, potassium, vitamins, and beneficial plant compounds, which help in lowering the risks of cardiovascular disease and metabolic disorders.
• Health-conscious consumers increasingly prefer plant-based diets because of the various health and safety-related concerns related to animal-based food products.
• Market vendors are launching new products to cater to this growing demand for vegan Omega 3 products.
• For instance, iWi, a new line of plant-based Omega 3 supplements launched by Qualitas Health, is gluten-free, non-GMO, vegan, and sustainably farmed.
• The rising popularity and the introduction of such vegan Omega 3 products will fuel the growth of the Omega 3 products market during the forecast period.
• During 2019-2023, the Omega 3 products market will grow at a CAGR of over 7%.

Omega 3 Products Market: Segmentation by Region

For more insights on the market share of various regions Request for a FREE sample now!

North America is one of the largest markets for Omega 3 products. The growing geriatric population, increasing launches of new products, and the rising adoption of healthy lifestyles and diet habits are contributing to Omega 3 products market growth in this region.

During the forecast period, almost 36% of the overall market growth will originate from North America. However, market growth in this region will be slower than the growth of the market in APAC.

Omega 3 Products Market: Segmentation by Product

Request for a FREE sample and get more information on the market contribution of various products

The aging global population, increasing health consciousness among consumers, and the health benefits of Omega 3 fatty acids are some of the factors fueling the demand for functional food products containing Omega 3 fatty acids. The rising number of M&A activities and the increase in new product launches are also driving the growth of the Omega 3 products market in the functional food and supplements segment.

However, market growth in this segment will be slower than the growth of the market in the infant nutrition and pharmaceutical segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the Omega 3 products market size.

Omega 3 Products Market: Key Highlights of the Report

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the Omega 3 products market during the next five years
• Precise estimation of the global omega-3 products market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the Omega 3 products industry across the APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of Omega 3 products vendors

We can help! Our analysts can customize this report to meet your requirements Get in touch