Omega 3 Fatty Acid Market Size, Share Global Analysis Report, 2019–2026

Industry Insights

[178+ Pages Report] According to the report published by Facts Factors, the global omega 3 fatty acid market size was worth around USD 4 billion in 2019 and is predicted to grow to around USD 9 billion by 2026 with a compound annual growth rate (CAGR) of roughly 14% between 2020 and 2026. The report analyzes the global omega 3 fatty acid market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the omega 3 fatty acid market.

This professional and specialized report study examines the technical and business perspective of the omega 3 fatty acid industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the omega 3 fatty acid market. The report study analyzes the market statistics at the global as well as the regional levels to gain an in-depth perspective of the overall omega 3 fatty acid market.

The historical insights are provided from 2016 to 2019 and projected trends are provided from 2020 to 2026. The quantitative data is provided in terms of both volume (Metric Tons) and value (USD Million) for 2016 – 2026. The qualitative data is reinforced by analyzing and providing numerous market dynamics (directly or indirectly affecting the industry) such as growth drivers, restraints, challenges, and opportunities.

We have included various industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the omega 3 Fatty Acid market in our study. Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies adopted by various stakeholders involved in the entire value chain of the Omega 3 fatty acid market. It also encompasses PESTLE analysis and SWOT analysis.

Key Insights from Primary Research

• According to interview with industry participants, the omega 3 fatty acid market is anticipated to expand at a significant rate over the forecast period i.e. a compound annual growth rate of around 14% by 2026 end over 2019 market value
• Fish oil segment has a dominant share in the global market. This owing to the high content of the omega 3 fatty acid in the fatty fish like salmon and anchovy
• Plant oil stands second on the basis of market share, attributed to increasing popularity for the vegan products
• BASF SE, Cargill Incorporated, Royal DSM, and Omega Protein Corporation are some of the major market players across the globe

Key Recommendations from Analysts

• As per our analyst, the omega 3 fatty acid market is fragmented in nature. There are multiple companies operating at the domestic and local level.
• Among the application segment, the pharmaceutical segment accounts for around 27% value share in 2019
• Dietary Supplements account for dominant market share coupled with a high growth rate over the forecast period. This is owing to the increasing health awareness and popularity for the nutraceuticals among the consumers
• At present, the average price of the omega 3 fatty acid is around USD 23 thousand per metric ton
• In terms of sales volume, the global market is anticipated to grow at around 11% over the forecast period

Global Omega 3 Fatty Acid Market Company Share Analysis, 2019

The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the omega 3 fatty acid market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the omega 3 fatty acid market.

The research study provides a critical assessment of the omega 3 fatty acid industry by logically segmenting the market on the basis of type, application, source, and regions. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026.

Increasing consumer awareness regarding health benefits for omega 3 fatty acids is anticipated to strengthen the global market over the forecast period. Increasing application finding new markets and an increase in application profiling are some of the important factors enhancing the growth of the market across the globe.

Report Scope

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, eicosapentaenoic acid, and docosahexaenoic acid. 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.

By Source, the Omega 3 fatty acid market split into fish oil, algal oil, and plant oil. In the end, the Omega 3 fatty acid market analysis is split into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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.

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
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

KEY BUSINESS POINTERS ADDRESSED & FOREMOST REASONS TO PROCURE THE REPORT:

• Statistical Analysis of the Past, Current, and Future Trends of the Industry with Validated Market Sizes Data
• Direct and Indirect Rationales Impacting the Industry
• In-depth and Micro Analysis of Viable Segments and Sub-segments
• Companies and Vendors Market Share, Competitive Landscape, and Player Positioning Analysis
• Demand Side (Consumption) and Supply Side (Production) Perspective and Analysis wherever applicable
• Key Buyers and End-Users Analysis
• Value Chain and Manufacturing Cost Structure Analysis wherever relevant
• Key Marketing Strategies as well as Key Sales Channels adopted in the market
• Investment Opportunity Analysis & Patents Analysis wherever feasible
• Technological Road Map & Technical Analysis
• Robust Research Methodology comprising dynamic mix (65%~35%) of Extensive Primary Research (primary interviews, ad-hoc surveys, questionnaires) and Protracted Secondary Research (proprietary in-house database, paid external databases, publically available validated sources)