Omega 3 Supplements Market Report involving Key Players: Lonza, GC Rieber Oils AS, Omega Protein Corporation, DSM, BASF SE, Axellus, Aker BioMarine.

The omega-3 supplements market is estimated to represent a global market of USD 34.90 billion by 2017, growing with 6.23% CAGR over the forecast period

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Market Dynamics

Omega 3 supplements are fish oils that are rich in docosahexaenoic acid (DHA), and Eicosapentaenoic acid (EPA). As people are becoming aware of the importance of healthy lifestyle and seek a solution to the rising problem of obesity, it will result in a considerable increase in the demand of omega 3 supplements in the upcoming years.

There is scientific evidence to suggest that Omega 3 is very effective in treating high cholesterol, arthritis, immunity loss, hypertension, and heart disease. Moreover, it is beneficial for vision development and nervous system of fetuses. Thus, a gradual increase in awareness regarding the numerous health benefits will contribute positively to the global market expansion in the years to follow. However, fisheries sustainability issues can minimize fish oil production and this can hamper the industry growth.

Market by Source

The omega 3 market is segregated into pet & animal feed, instant formulas, supplement & functional foods, pharmaceuticals. The fish oil segment, anchovy will dominate the industry because of their wide availability. Among all the available sources, fish oil dominates the global omega 3 supplements market. The extensive demand for fish oil during the past few years, due to its high nutritional value is likely to bolster this segment and keep it dominant in the coming years. Likewise, krill oil is also expected to emerge as a significant source of omega 3 over the forecast period.

Application Takeaway

The industry is broadly segmented into pet and animal feed, infant formulas, pharmaceuticals, and supplement and functional foods based on its applications. Infant formula segment is expected to take an edge in the market because of its health benefits for babies. The segment of supplement and functional foods is also capturing the market because of increasing health care cost, and hefty investment in R&D. Dietary supplements play a significant role in maintaining fitness and nutrient adequacy among adults. Hence, it is anticipated to leverage the consumption of omega 3 products related to dietary supplement.

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Supplement and functional foods ensure the intake of important nutritional constituents. The rise of cardiovascular diseases among the millennial due to sedentary life style and faulty dietary habits will propel the demand for nutraceutical products based on omega 3. Improved awareness of the harmful effects of consuming excess calories is likely to surge the use of omega 3 in sports supplement and functional food products.

Regional Insights

Asia Pacific region is anticipated to have the highest growth rate due to the increasing demand in countries like Australia, India, and China. Extensive use of fish oil in regular diet and rise in health awareness will augment the product demand. Increase in the cultivation of krill fish in the Indian Ocean and South China Sea will be propelling the overall market development.

In North America, a substantial increase in product utilization particularly in the pharmaceutical industry along with growing R&D activities is projected to boost the regional market. Europe will also witness a healthy growth due to increased consumption in the form of dietary supplement and rising geriatric population particularly in developed economies like France and Germany.

Key Vendor Takeaway

Some of the renowned companies in the global industry are Lonza, GC Rieber Oils AS, Omega Protein Corporation, DSM, BASF SE, Axellus, Aker BioMarine. Capacity expansions and product development are the major operational strategies adopted on the part of the manufacturers. The high differentiation of products in the market has forced manufacturers to focus on the introduction of different forms like soft gels, powders, liquids, and tablets.

The market size and forecast for each segment and sub-segments has been considered as below:

Historical Year-2014 & 2016
Base Year-2017
Estimated Year-2018
Projected Year-2025
TARGET AUDIENCE

Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies
Research Organizations
Consultants
Distributors

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SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY SOURCE

Fish Oil
Anchovy
Sardine
Salmon
Tuna
Cod Liver
Krill Oil
MARKET, BY APPLICATION

Infant Formula
Food & Beverages
Dietary Supplements
Pharmaceuticals
Pet & Animal Feed
Clinical Nutrition
MARKET, BY REGION

North America
The U.S.
Canada
Europe
Germany
France
Rest of Europe
Asia Pacific
India
China
Rest of APAC
Rest of the World
The Middle East and Africa
Latin America

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