Global Omega 3 Market (Fish Oil & Krill Oil): Insights, Trends and Forecast (2020-2024)
The global omega 3 market is expected to reach US$8.30 billion in 2024, growing at an annual growth rate of 10.63%, for the duration spanning 2020-2024. Factors such as rising penetration of omega 3 in Active Pharmaceutical Market (APM), upsurge in ageing population, growing obese populace, rapid urbanization and growing disposable income are expected to drive the market. The growth of the market would be challenged by concerns regarding the side effects of omega 3 and risks associated with excessive EPA and DHA content. A few notable trends may include rising prevalence of rheumatoid arthritis, accelerating demand for dietary supplements and increasing E-commerce retail sales.
The global omega 3 market is highly concentrated with fish oil, due to its increased popularity among consumers. The benefits of consuming fish oil are widespread among consumers, which is why it is highly preferable by them. The numerous uses of fish oil along with its benefits in reducing risk factors of cardiovascular diseases, are making it a popular choice of consumers. Whereas, krill oil is also emerging significantly in the market, owing to its EPA and DHA content, which are beneficial for healing various health problems.
The fastest growing regional market is North America due to the wide usage of fish oil in daily diet, as well as increasing health awareness among people, which is augmenting the demand for omega 3. Growing cultivation of krill fish is also expected to propel the overall market development. While Europe and Asia Pacific also held considerable shares in the omega 3 market, owing to the continuous growth in the demand for dietary supplements.
Scope of the report:
The report provides a comprehensive analysis of the global Omega 3 Market (Fish Oil and Krill Oil).
The major regional markets (North America, Europe, Asia Pacific and South America) have been analyzed.
The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
The competitive landscape of the market, along with the company profiles of leading players (Cargill, BASF, Royal DSM, Lonza Group, Orkla ASA and Croda International) are also presented in detail.
Key Target Audience:
Omega 3 Products Manufacturers
Raw Material Suppliers
End Users (Food & Beverage industry, Supplement Industry, Direct Users, etc.)
Industrial Consultants
Investment Banks
Government Bodies & Regulating Authorities
- 1. Overview
- 1.1 Introduction
- 1.2 Health Benefits of Omega-3
- 1.3 Sources of Omega 3
- Table 1: Sources of Omega 3
- 1.4 Types of Omega 3 Fatty Acids
- Table 2: Types of Omega 3 Fatty Acids
- 1.5 Comparison of Fish Oil and Algal Oil
- Table 3: Comparison of Fish Oil and Algal Oil
- 2. Global Market Analysis
- 2.1 Global Omege-3 Market by Value
- Table 4: Global Omege-3 Market by Value (2015-2019)
- 2.2 Global Omege-3 Market Forecast by Value
- Table 5: Global Omege-3 Market Forecast by Value (2020-2024)
- 2.3 Global Omege-3 Market by Source
- Table 6: Global Omega-3 Market by Source (2019)
- 2.3.1 Global Marine Omega 3 Market by Value
- Table 7: Global Marine Omega 3 Market by Value (2015-2019)
- 2.3.2 Global Marine Omega 3 Market Forecast by Value
- Table 8: Global Marine Omega 3 Market Forecast by Value (2020-2024)
- 2.3.3 Global Plant Omega 3 Market by Value
- Table 9: Global Plant Sourced Omega 3 Market by Value (2015-2019)
- 2.3.4 Global Plant Omega 3 Market Forecast by Value
- Table 10: Global Plant Omega 3 Market Forecast by Value (2020-2024)
- 2.4 Global Omege-3 Market by Product Type
- Table 11: Global Omega-3 Market by Product Type (2019)
- 2.4.1 Global Fish Oil Market by Value
- Table 12: Global Fish Oil Market by Value (2015-2019)
- 2.4.2 Global Fish Oil Market Forecast by Value
- Table 13: Global Fish Oil Market Forecast by Value (2020-2024)
- 2.4.3 Global Krill Oil Market by Value
- Table 14: Global Krill Oil Market by Value (2015-2019)
- 2.4.4 Global Krill Oil Market Forecast by Value
- Table 15: Global Krill Oil Market Forecast by Value (2020-2024)
- 2.5 Global Omega 3 Market by Region
- Table 16: Global Omega 3 Market by Region (2019)
- 3. Regional Market Analysis
- 3.1 North America
- 3.1.1 North America Omega 3 Market by Value
- Table 17: North America Omega 3 Market by Value (2015-2019)
- 3.1.2 North America Omega 3 Market Forecast by Value
- Table 18: North America Omega 3 Market Forecast by Value (2020-2024)
- 3.1.3 North America Omega 3 Market by Region
- Table 19: North America Omega 3 Market by Region (2019)
- 3.1.4 The U.S. Omega 3 Market by Value
- Table 20: The U.S. Omega 3 Market by Value (2015-2019)
- 3.1.5 The U.S. Omega 3 Market Forecast by Value
- Table 21: The U.S. Omega 3 Market Forecast by Value (2020-2024)
- 3.1.6 The U.S. Omega 3 Market by Application
- Table 22: The U.S. Omega 3 Market by Application (2019)
- 3.1.7 The U.S. Supplements & Functional Food Omega 3 Market by Value
- Table 23: The U.S. Supplements & Functional Food Omega 3 Market by Value (2015-2019)
- 3.1.8 The U.S. Supplements & Functional Food Omega 3 Market Forecast by Value
- Table 24: The U.S. Supplements & Functional Food Omega 3 Market Forecast by Value (2020-2024)
- 3.1.9 The U.S. Pharmaceuticals Omega 3 Market by Value
- Table 25: The U.S. Pharmaceuticals Omega 3 Market by Value (2015-2019)
- 3.1.10 The U.S. Pharmaceuticals Omega 3 Market Forecast by Value
- Table 26: The U.S. Pharmaceuticals Omega 3 Market Forecast by Value (2020-2024)
- 3.1.11 The U.S. Infant Formulas Omega 3 Market by Value
- Table 27: The U.S. Infant Formulas Omega 3 Market by Value (2015-2019)
- 3.1.12 The U.S. Infant Formulas Omega 3 Market Forecast by Value
- Table 28: The U.S. Infant Formulas Omega 3 Market Forecast by Value (2020-2024)
- 3.2 Europe
- 3.2.1 Europe Omega 3 Market by Value
- Table 29: Europe Omega 3 Market by Value (2015-2019)
- 3.2.2 Europe Omega 3 Market Forecast by Value
- Table 30: Europe Omega 3 Market Forecast by Value (2020-2024)
- 3.3 Asia Pacific
- 3.3.1 Asia Pacific Omega 3 Market by Value
- Table 31: Asia Pacific Omega 3 Market by Value (2015-2019)
- 3.3.2 Asia Pacific Omega 3 Market Forecast by Value
- Table 32: Asia Pacific Omega 3 Market Forecast by Value (2020-2024)
- 3.4 South America
- 3.4.1 South America Omega 3 Market by Value
- Table 33: South America Omega 3 Market by Value (2015-2019)
- 3.4.2 South America Omega 3 Market Forecast by Value
- Table 34: South America Omega 3 Market Forecast by Value (2020-2024)
- 3.5 ROW
- 3.5.1 ROW Omega 3 Market by Value
- Table 35: ROW Omega 3 Market by Value (2015-2019)
- 3.5.2 ROW Omega 3 Market Forecast by Value
- Table 36: ROW Omega 3 Market Forecast by Value (2020-2024)
- 4. Market Dynamics
- 4.1 Growth Drivers
- 4.1.1 Rising Penetration of Omega 3 as Active Pharmaceutical Ingredient (API)
- Table 37: Global Active Pharmaceutical Ingredient (API) Market (2015-2019)
- 4.1.2 Upsurge in Ageing Population
- Table 38: Global Ageing Population above Age of 69 Years (2015-2019)
- 4.1.3 Growing Obese Populace
- Table 39: Global Obese Population (2015-2019)
- 4.1.4 Rapid Urbanization
- Table 40: Global Urban Population (2014-2018)
- 4.1.5 Increasing Disposable Income
- Table 41: Global GDP Per Capita (2014-2018)
- 4.1.6 Consumer Awareness Regarding the Health Benefits of Omega-3
- 4.2 Key Trends and Developments
- 4.2.1 Rising Prevalence of Rheumatoid Arthritis
- Table 42: Diagnosis Rates of Rheumatoid Arthritis in Top Countries (2019)
- 4.2.2 Accelerating Demand for Dietary Supplements
- Table 43: Global Dietary Supplement Market Forecast (2019-2024)
- 4.2.3 Increasing E-Commerce Retail Sales
- Table 44: Global E-Commerce Retail Sales (2015-2019)
- 4.2.4 Rising Usage of Fish oil as Hair and Skincare Supplements
- 4.3 Challenges
- 4.3.1 Concerns Regarding Side Effects of Omega-3
- 4.3.2 Risks Associated with Excessive EPA and DHA Content
- 5. Competitive Landscape
- 5.1 Global Market
- 5.1.1 Key Players – Revenue Comparison
- Table 45: Key Players – Revenue Comparison (2019/2018)
- 5.1.2 Key Players – Market Capitalization Comparison
- Table 46: Key Players – Market Capitalization Comparison (2020)
- 6. Company Profiles
- 6.1 Cargill, Incorporated
- 6.1.1 Business Overview
- 6.1.2 Financial Overview
- Table 47: Cargill Sales and Net Earnings (2015-2019)
- 6.1.3 Business Strategies
- 6.2 BASF
- 6.2.1 Business Overview
- 6.2.2 Financial Overview
- Table 48: BASF Sales and Net Income (2015-2019)
- Table 49: BASF Sales by segments (2019)
- Table 50: BASF Sales by Region (2019)
- 6.2.3 Business Strategies
- 6.3 Royal DSM
- 6.3.1 Business Overview
- 6.3.2 Financial Overview
- Table 51: Royal DSM Net Sales and Profit (2015-2019)
- Table 52: Royal DSM Net Sales by Segment (2019)
- Table 53: DSM Net Sales by Regions (2019)
- 6.3.3 Business Strategies
- 6.4 Lonza Group
- 6.4.1 Business Overview
- 6.4.2 Financial Overview
- Table 54: Lonza Group Sales and Profit (2015-2019)
- Table 55: Lonza Group Sales by Segments (2019)
- 6.4.3 Business Strategies
- 6.5 Orkla ASA
- 6.5.1 Business Overview
- 6.5.2 Financial Overview
- Table 56: Orkla ASA Revenue and Profit/Loss (2014-2018)
- Table 57: Orkla ASA Revenue by Segments (2018)
- Table 58: Orkla ASA Revenue by Region (2018)
- 6.5.3 Business Strategies
- 6.6 Croda International
- 6.6.1 Business Overview
- 6.6.2 Financial Overview
- Table 59: Croda International Revenue and Profit (2014-2018)
- Table 60: Croda International Revenue by Segments (2018)
- Table 61: Croda International Revenue by Regions (2018)
- 6.6.3 Business Strategies