Big Boom in Omega-3 concentrates Market Size Future Scope Demands and Projected Industry Growths to 2027 | BASF SE; AlaskOmega; Golden Omega S.A.; K Pharmtech Co., Ltd

The market was valued at US$ 1,635.39 million in 2019 and is projected to reach US$ 2,703.20 million by 2027; it is expected to grow at a CAGR of 6.6% from 2020 to 2027.

Omega-3 concentrates refer to highly concentrated oils comprising the EPA and DHA that sum up more than 50%. These concentrates are obtained from omega-3 rich fats processed to have EPA or DHA in higher concentrations. The omega-3 concentrates are mainly derived from oils such as fish oil, calamari oil, and algal oil. These concentrates are also available in powdered forms and find their application in dietary supplement manufacturing and are also used as a pharmaceutical-grade component. The plethora of health benefits and attributes offered by omega-3 concentrates are the key factors driving the omega-3 concentrates market.

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Top Key Players:- BASF SE; AlaskOmega; Golden Omega S.A.; K Pharmtech Co., Ltd; DSM Nutritional Products AG; Nordic Naturals, Inc.; Epax Norway; Norwegian Fish Oil; GC Rieber VivoMega; and Australian Omega Oils Pty. Ltd.

Surging demand for omega-3 concentrates is attributed to the rise in awareness among consumers regarding the health benefits of omega-3 concentrates. Omega 3 concentrate offers various health benefits to the consumers, including cardiovascular, eye, and brain health. Rising health consciousness among consumers furthers helps in market expansion. A large number of consumers are becoming familiar with the benefits of omega-3 concentrates. Nowadays, the populace worldwide is inclined towards a healthy lifestyle and is spending considerably on nutritional products. Omega-3 fatty acids help lower the risk of heart disease and are used along with exercise and diet to reduce triglyceride levels and increase HDL cholesterol levels. Increased level triglyceride in the blood promotes arteriosclerosis development, which eventually increases the risk of cardiovascular disease.

omega-3 concentrates aids in reducing depression and anxiety, improves eye health, reduces the symptoms of metabolic syndrome, fights inflammation, helps prevent cancer risks, and offers various other health benefits. Further, the rising incidence of cardiovascular diseases, cancer, and other similar health issues has also augmented the demand for omega-3 concentrates worldwide.

Impact of COVID-19 Pandemic on Omega-3 Concentrates Market

COVID-19 first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. As of January 2021, the US, Brazil, India, Russia, South Africa, and Mexico, among others, are some of the worst-affected countries in terms of confirmed cases and reported deaths. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global food & beverages industry is one of the significant sectors suffering severe disruptions such as supply chain breaks, technology events cancellations, office shutdowns, etc., as a result of this outbreak. Several companies have already announced possible delays in product deliveries and slump in future sales of their products.

The report includes the segmentation of the global omega-3 concentrates market as follows:

 Omega-3 Concentrates Market, by Form

• Oil
• Powder

 Omega-3 Concentrates Market, by Source

• Fish
• Algae
• Calamari
• Krill

 Omega-3 Concentrates Market, by Type

• Triglyceride (TG)
• Ethyl Ester (EE)
• Phospholipids (PL)

 Omega-3 Concentrates Market, by Concentration

• High DHA
• High EPA
• Balanced EPA-DHA

 Omega-3 Concentrates Market, by End Use

• Food and Beverages
• Dietary Supplements
• Pharmaceuticals
• Infant Formula
• Personal Care and Cosmetics

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