Product ID: UCMIG30I2255
Report ID: UCMIG30I2255 | Region: Global | Published Date: Upcoming | Pages: 165 | Tables: 55 | Figures: 60
In 2021, the Omega 3 Market achieved a valuation of USD 2.25 billion, and it is projected to exhibit substantial growth, reaching USD 4.48 billion by 2030 from an estimated USD 2.43 billion in 2022. This remarkable expansion is driven by a compounded annual growth rate (CAGR) of 7.8% during the forecast period of 2023-2030. The increasing awareness of the health benefits associated with Omega 3 fatty acids, coupled with the growing demand for functional foods and dietary supplements, serves as a driving force behind this anticipated growth trajectory in the Omega 3 market.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Packaged Foods & Meats by segment aggregation, the contribution of the Packaged Foods & Meats in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
The Omega 3 Market is segmented by Region. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.
Omega 3 Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.
SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Omega 3 Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Omega 3 Market's supply chain, distribution, and total revenue growth.
To understand the competitive landscape, we are analyzing key Omega 3 Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Omega 3 Market.
To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.
The Omega 3 Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.
Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.
|The base year for estimation||2021|
|Historical data||2016 – 2022|
|Forecast period||2022 – 2028|
|Report coverage||Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis|
|Regional scope||North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)|
|Country scope||U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa|
|Key companies profiled||
|Customization scope||Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.|
|Pricing and purchase options||Reap the benefits of customized purchase options to fit your specific research requirements.|
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Omega 3 Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Omega 3 Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Omega 3 Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Omega 3 Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
The global market for Omega 3 was estimated to be valued at US$ XX Mn in 2021.
The global Omega 3 Market is estimated to grow at a CAGR of XX% by 2028.
The global Omega 3 Market is segmented on the basis of Region.
Based on region, the global Omega 3 Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The key players operating in the global Omega 3 Market are ket size was valued at USD 2.25 billion in 2021 and is poised to grow from USD 2.43 billion in 2022 to USD 4.48 billion by 2030, growing at a CAGR of 7.8% in the forecast period (2023-2030). , The rise in demand for omega-3 is highly growing because there are more cases of heart disease and the change in dietary patterns is one of the significant reasons for rise in cardiovascular diseases. The increasing importance of immunity development in the wake of the COVID-19 pandemic has helped fuel the market. , Increasing the addition of omega-3 ingredients in the diet to support heart and brain health is expected to increase product demand. The global market for dietary supplements and functional foods is seeing strong growth, largely due to increasing demand from consumers. , The growing awareness of the health benefits of polyunsaturated fatty acids and the increasing availability of technology that improves their bioavailability are major factors fuelling the growth of the global omega fatty acid ingredients market. , Omega-3 fatty acids contain a variety of plant-based oils, such as those found in nuts and oils from fish. These fatty acids are important for health and can be found in many types of seafood. , Essential fatty acids are important for human health. Omega-3 fatty acids are one type of essential fatty acid. These fatty acids are necessary for the function of the brain and for the growth and development of humans. Omega-3 fatty acids have been shown to lower the risk of chronic diseases, such as cancer, heart disease, and arthritis. Therefore, these factors will boost the demand for omega-3 in the global market. , The market value in North America stood at 62 million in 2022 and is predicted to grow at a CAGR of 4.71%. The growth of North American market for polyunsaturated fatty acids is due to the increasing awareness of the health benefits of these nutrients. , The increasing currency of lifestyle-related health conditions, increasing number of older people, and stress of a hectic lifestyle will create a huge demand for dietary supplements and functional food in this region. , The rising trend of veganism and vegetarianism in the region will result in huge demand for plant-based fatty acids. The recent development by the U.S. Food and Drug Administration (FDA) confirmed that these products can reduce the risk of cardiovascular conditions, thus boosting its demand in this region. , Asia Pacific has immense potential for the omega fatty acids market, and it is expected to witness growth rates higher than the global average. The increase in the market for healthcare products is due to an increased awareness of the health benefits and an increase in people's optional income. This allows people to spend more on products that promote health. , Global Omega 3 Market Dynamics , Omega 3 Market Drivers , Several Health Benefits from Consuming Omega-3 to Boost its Demand in Forecast Period , The omega-3 fatty acids help to reduce the risk of abnormal heartbeats or arrhythmias, which can result in the patient's sudden death. The folate nutrient can help reduce triglyceride levels, slow the growth of atherosclerotic plaque, and reduce blood pressure. The trend of consumers choosing healthier alternatives and viewing preventive care as a necessary tool to assist them in leading a healthier lifestyle is growing. Omega 3s are more popular because they are a good source of vitamins, proteins, and minerals and can help deal with diseases like cancer, asthma, and depression. Various factors that affect consumers' purchasing decisions are brand name, nutritional value, and product safety. , Omega 3 Market Restraints , Fish Farming’s Impact on Environment to Hamper Market Growth , A shortage of fish due to uneven catch and increasing demand for fish from other sources is limiting the market growth. Excessive environmental metals and hazardous pollutants are causing fish to become toxic, which is likely to slow down their growth. , Global Omega 3 Market Competitive Landscape , The global omega-3 market is fragmented in nature as various players are entering the global and regional markets. These players are investing in collaborations, mergers, acquisitions, and partnerships to stay ahead of the competition. They are also investing in R&D activities to expand their product portfolio and expand their consumer base. , Omega 3 Market Recent Developments , In July 2021, Neptune wellness arrangements Inc, a differentiated and completely coordinated wellbeing and wellness organization centred on plant based, sustainable and purpose driven way of life brands presented a unuse timberlands cured plant based multi omega 3-6-9 gummies delicate gels with tailflower as a major fixing. This new product can help consumer to fulfil the nutrient requirements of the human body. , In February 2021, India based start-up Oziva announced the launch of new vegan omega 3 multivitamins to fulfil the increasing the demand for plant based dietary supplements. , Global Omega 3 Key Market Trends , Gummy Bears to Gain Massive Momentum during Forecast Period , In recent years, there has been a rise in the prevalence of health conditions caused by a sedentary lifestyle, stress, aging, and other hereditary factors. This trend has led to the exploration of various ingredients that can positively affect certain body functions to maintain overall health and well-being. Gummy bears are gaining a lot of popularity in current times as they are marketed well. They are easy to consume and are presented very well. Social media is aggressively marketing these products to consumers, therefore a lot of people are buying supplements in the form of gummy bears. , Global Omega 3 Market SkyQuest Analysis , SkyQuest’s ABIRAW (Advanced Business Intelligence, Research and Analysis Wing) is our Business Information Services team that collects, collates, Co-relates and analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research , According to global omega-3 market report analysis, the market is expected to rise in demand in the coming years. The market is expected to go through evolution as consumer demands are changing. Investing in product portfolio expansion and marketing the products correctly can provide players with added advantages. Consumers are looking to invest in supplements that are easy to consume, ecological ethical, and is promising in its results. Therefore, players in the market need to focus on branching out and investing in R&D activities. , KEY MARKET SEGMENTS , Type , Docosahexaenoic acid (DHA) , Eicosapentaenoic acid (EPA) , Alpha-lionlenic acid (ALA) , Source , concentrates , fish oil , algal oil , krill oil , walnut , pumpkin seeds , soybean oil , canola oil , bean curd , others , Application , Supplements & Functional foods , Pharmaceuticals , Infant Formula , Animal Feed & Pet Food , Food & beverages , others , By Region , North America , Europe , Asia Pacific , Latin America , Middle East & Africa , KEY MARKET PLAYERS , DSM , BASF , Croda International , Lonza , Epax Norway , GC Rieber Oils , Omega Protein Corporation , Arista Industries , Omega-3 Innovations , Polaris , Cargill , KD Pharma Group , Nordic Naturals , Aker BioMarine , Pharma Marine , Golden Omega , Corbion , Clover Corporation , Huatai Biopharm Inc. , Sinomega Biotech Engineering Co., Ltd. .
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