Marine Omega-3 Market

The global Marine Omega-3 market was valued at 109.57 Million USD in 2021 and will grow with a CAGR of 5.13% from 2021 to 2027, based on Research newly published report.

The prime objective of Marine Omega-3 Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Marine Omega-3 Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Marine Omega-3, also called -3 fatty acids or n-3 fatty acids, are polyunsaturated fatty acids (PUFAs) with a double bond (C=C) at the third carbon atom from the end of the carbon chain. Three types of Marine Omega-3 involved in human physiology are -linolenic acid (ALA) (found in plant oils), eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) (both commonly found in marine oils).

They are considered essential fatty acids and necessary for human health but the body can`t make them. Also they play a role in brain health as well as normal growth and development.Omega-3 mainly has three types involved in ALA, EPA and DHA. It is also extracted from fish oil and algae oil, etc. Omega-3 produced by algae has not been wildly used. This method has great potential. Currently, omega-3 is mainly distributed in Europe, North America, South America and China. Europe was the largest consumption region holding 37.71% of global share, while China consumption takes only 9.05% of global omega-3 in 2017. Manufactures are limited by regional distribution of fish resources. This industry is mainly concentrated in areas which have rich aquatic resources. In Europe, Norway is the biggest consumer country, of which the share is 25.77% of all Europe consumption.

Asia-Pacific has huge market potential, especially China, the total consumption increases to 10.1 K MT in 2017 from 8.1 K MT in 2013 at a CAGR of 5.83%. The market concentrate is rather dispersion, DSM, BASF, EPAX, Golden Omega, TASA, Omega Protein, Croda, Marine Ingredients, GC Rieber, Polaris are main manufacturers and the total share of top 3 is 37.86% in 2017. In the coming few years, global sales of omega-3 will continue to increase. In 2023, global sales may be 151.7 K MT.

Omega-3 can be widely used in dietary supplements, fortified food and beverage, infant formula, pharmaceuticals, pet foods and other fields. With the development of economy, these industries will need more omega-3. So, omega-3 has a huge market potential in the future.

By Market Verdors:

• DSM
• BASF
• EPAX
• Golden Omega
• TASA
• Omega Protein
• Croda
• KD Pharma (Marine Ingredients)
• GC Rieber
• Polaris
• Auqi
• Kinomega
• Skuny
• Xinzhou
• Anti-Cancer
• Sinomega
• Orkla Health
• LYSI
• OLVEA Fish Oils
• Hofseth BioCare
• Nippon Suisan Kaisha
• Bioprocess Algae
• Shandong Yuwang Pharmaceutical
• Maruha Nichiro Foods
• Solutex

By Types:

• Marine Animals Source Omega-3
• Marine Plant Source Omega-3

By Applications:

• Dietary Supplements
• Fortified Food and Beverage
• Infant Formula
• Pharmaceuticals
• Pet Foods

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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