About the Report
Omega-3 ingredients are made up of three fatty acids that are docosahexaenoic acid (DHA), alpha-linolenic acid (ALA), and eicosapentaenoic acid (EPA), which are essential for maintaining health and wellness in humans. Omega-3 ingredients such as alpha-linolenic acid (ALA) are not produced by the body and is consumed as ingredients from different dietary supplements, desserts, juices, and others. Besides this, manufacturers are deriving Omega-3 ingredients from various sources such as plants and animal to acknowledge demand from the vegan population in the global market.
In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for omega-3 ingredients. The report tracks the global sales of omega-3 ingredients in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the food and beverage industry in general, and omega-3 ingredients in particular.
How Does the Historical and Future Outlook for Omega-3 Ingredients Market Match Up?
Two primary players in the global market, DSM and Evonik have formed a joint venture in 2017, to form Verameris, aiming to produce algae-based omega-3 ingredients with a clean supply chain and no inclusion of animals in the production of all of their products.
The Food and Drug Administration (FDA) in 2019 has announced new health claims for omega-3 ingredients to be used in the food and dietary supplements meant for those who are at the risk of hypertension and coronary heart disease. These are expected to bode well for the market. According FMI, omega-3 ingredients’ sales have grown at 10.9% CAGR between 2016 and 2020.
Future growth will be driven by innovations in omega-3 ingredients formulations and increasing consumer awareness about the relationship between their immunity and digestive health, and the overall wellbeing. Moreover, governments of various countries such as the U.S., Sweden, Canada, and Japan are adopting various initiatives. They are encouraging the adequate intake of fatty acids such as omega-3 ingredients for better health. This is expected to create new opportunities for the global omega-3 ingredients market. FMI has forecast the market to grow at 10.9% CAGR through 2031.
How is Preference for PUFAS Affecting Omega-3 Ingredients Sales?
The high concentration of saturated fats in food and beverage is causing an increasing incidence of several coronary diseases, stroke, and cardiovascular diseases (CVD). This is causing increase in the demand for polyunsaturated fatty acids (PUFAs) such as omega-3 ingredients as they help in reducing risk factors by lowering LDL cholesterol level.
As the American Heart Association (AHA) recommended the consumption of PUFAs such as omega-3 ingredients in diet for reducing risks associated with heart diseases, the population are more aware of health benefits of and thus is driving the market of omega-3 ingredients.
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Why are Omega-3 Ingredients Used in Convenience Food?
Increasing health awareness and growing preference for healthy food have been encouraging the inclusion of omega-3 ingredients to be used in food products. Rising urbanization and increasing prevalence of sedentary lifestyle are fueling the demand of healthy convenience food.
Manufacturers are therefore using omega-3 ingredients to make gummy candies in various flavors such as orange, lemon, strawberry, and many more. This has been identified as one of the chief market drivers.
Why is R&D Important in Omega-3 Ingredients?
Manufacturers are striving to team with strong research & development (R&D) team for developing novel products with omega-3 ingredients. Some of the key players such as BASF are continuously exploring novel product offerings and production techniques.
For developing any dietary supplement or pharmaceutical product with omega-3 ingredients extensive preclinical research testing is required for which, strong research & development team is needed. Product innovation in omega-3 ingredients aimed at increasing shelf life and exploring novel plant-based sources equires a highly qualified team.
How are Manufacturers Responding to the Stiff Competition in Omega-3 Ingredients Market?
Key players are striving to partner with and acquire well-performing players. For instance, Omega Protein Corporation acquired Cooke Inc. in 2017 intending to strengthen its distribution network in the regional market. Manufacturers are also aiming at increasing the production quantity of omega-3 ingredients as they spot the growing potential of the market.
Improved product offering and customization of omega-3 ingredients according to the end users’ requirement will certainly help manufacturer to strengthen their footprint in the competitive market.
How is Sustainability Affecting Omega-3 Ingredients Market?
Food safety measures taken by regulatory bodies for instance European Food Safety Authority (EFSA), State Food and Drug Administration (SFDA, China), Foods for specified health uses (FOSHU, Japan), Food Safety and Standards Authority of India (FSSAI, India), and others aim at re-assuring food safety by looking for concentrations of omega-3 ingredients along with other ingredients in the food products.
Rising awareness about sustainability is giving a new direction to the omega-3 ingredients market. This is driven by the increasing demand for algae-based omega-3 ingredients. Though a considerable amount of omega-3 can be obtained from fish and other seafood, manufactures are developing novel production methods. For instance algae farming as a response to demand for plant-based omega-3 ingredients.
What are the Opportunity for Omega-3 Ingredients in Japan Market?
According to a study by Juntendo University, Japan, consumption of omega-3 ingredients as dietary supplement help reducing allergic conjunctivitis due to its anti-inflammatory activity. Consumers in Japan also take omega-3 ingredients to reduce symptoms of atopic dermatitis.
All these factors indicate that the consumer base in Japan is more inclined towards the application of omega-3 ingredients in dietary supplements.
How Big is the Opportunity in U.S.?
The American Heart Association compiled data from the U.S. and Japan and compared deaths caused due to coronary diseases. The figures indicated more number of deaths due to coronary disease in the U.S. as compared to Japan. Rising incidence of various chronic ailments has been compelling consumers to rethink their food habits.
In general there is increasing focus towards healthy living and eating, which is expected to present lucrative growth opportunities for the market in the U.S.
What are the Factors Improving Omega-3 Ingredients Demand in UK?
Manufacturers are striving to improve awareness about various health benefits of omega-3 ingredients by educating consumers as well as encouraging health practitioners. According to a regional study conducted by BASF, it was found that a considerable sections of consumers in the U.K. take omega-3 ingredients or omega-3 dietary supplements at the time of breakfast and often tend to skip breakfast.
This creates sub-optimal conditions for absorption of omega-3 ingredients and thus does not gives promised health benefits. Owing to this requirement, BASF developed dietary supplements made for omega-3 ingredients, to address nutritional requirements of consumers who tend to skip breakfast.
What is are the Opportunities for Omega-3 Ingredients Producers in Mexico?
According to the Institute for Health Metrics and Evaluation (IHME), Mexico was recorded to be low on omega-3 ingredients in their diets. Manufacturers of omega-3 ingredients are expanding their reach in Mexico. For instance, GC Riber Oil has partnered with Barrington Nutritionals to distribute omega-3 ingredients in Mexico.
GC Riber Oils is enhancing production quantity as they commenced a new production facility with increasing 60% of capacity. This rapid increase in production indicates the growing potential of the domestic market.
A large number of manufacturers from the U.S. are looking for opportunity in Mexico. However, manufacturers entering the Mexican market have to adhere to an established set of regulations for concentration level as well as food safety standards according to Federal Commission for Protection against Health Risks (COFEPRIS).
Which is the Preferred Sources of Omega-3 Ingredients?
The influence of the increasing awareness about animal cruelty and inclination for plant-based ingredients is profoundly felt on the market. This has resulted in increasing sales of omega-3 ingredients sourced from plant-based resources such as chia, flax, canola, walnut, mustard, and many more.
Besides plant sources, algae farming is gaining traction among manufacturers as it is a more sustainable way of producing omega-3 ingredients. The method uses photosynthesis in place of fermentation for production due to which it does not leave any toxins behind that are difficult to discard.
Which is the key Omega-3 Ingredient?
Docosahexaenoic Acid (DHA) is one of the vital omega-3 ingredients used to fight several diseases such as arthritis, hypertension, depression, atherosclerosis, myocardial infarction, adult-onset diabetes mellitus, thrombosis, and many more. Due to its vitality, Consumers are ready to pay a premium price for omega-3 ingredients made from docosahexaenoic acid.
Which is the key Application of Omega-3 Ingredients?
Currently, dietary Supplements holds the leading market share. However, the application of omega-3 ingredients in infant formula and pharmaceutical & nutraceutical industry is also expected to witness rapid growth in the global market.
Increasing consumption of dietary supplements over other functional food ingredients is expected to drive the global omega-3 ingredients market over the forecast period. Other the other hand application of omega-3 ingredients in infant formula is also on the rise due to the vitality of docosahexaenoic acid (DHA) for the infant initial period.
Manufacturers of omega-3 ingredients are focusing on expanding their production capacity to cater to the rising demand. There also is ample focus towards research and development leading to various product launches.
- In 2019, BASF and Ideogen announced the launch of Omega- 3 solution for non-alcoholic fatty liver disease (NAFLD). The food, called Hepacor, will contain concentrated Docosahexaneoic Acid and Eicosapentaenoic Acid to address fat buuld up in the liver.
- In 2020, Wiley Companies launched Omega 3 concentrate in powder form.
Some of the leading companies operating in the market are:
- Croda International Plc
- Omega Protein Corporation
- Koninklijke DSM N.V.
- Cargill Inc.
- Epax Norway AS
- GC Rieber Oils AS
- Pharma Marine AS
- Copeinca ASA
- Arista Industries Inc.
- Polaris Nutritional Lipids
- Clover Corp. Ltd.
- Marine Ingredients LLC
- Barleans Organic Oils L.L.C.
- Algaecytes Limited
- Qualitas Health
- Cellana, Inc.
- Qponics Limited, BioProcess Algae, LLC
- Luhua Biomarine (Shandong) Co., Ltd
- Denomega Nutritional Oils
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.
Scope of the Report
Historical Data Available for
USD Million for value and Metric Tonnes for Volume
Key Regions Covered
North America, Latin America, Europe, Asia Pacific, Oceania, Japan, and Middle East & Africa
Key Countries Covered
U.S., Canada, Brazil, Mexico, Chile, Peru, Argentina, Rest of LATAM, EU5, BENELUX, NORDIC, Russia, Poland, Rest of Europe, China, India, ASEAN, South Korea, Australia, New Zealand, Japan, GCC Countries, South Africa, Israel, Turkey, and Rest of MEA
Key Segments Covered
Ingredients, Source, Application, and Region
Key Companies Profiled
Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing
Available upon Request
Key Questions Answered in the Report
- Which is the most lucrative market for Omega-3 Ingredients?
Europe currently leads the global market for Omega-3 Ingredients. Sales in Europe will be over 36.8% of total demand throughout the forecast period.
- Which is the top-selling product type of Omega-3 Ingredients?
Eicosapentaenoic Acid is expected to be the preferred ingredient in the global Omega-3 Ingredients market.
- Which is the key application of omega-3 ingredients?
Application of omega-3 ingredients in dietary supplements is expected to grow at high rate. This is owing to the increasing focus on health and wellness among consumers.
- Which are some of the leading companies offering Omega-3 Ingredients?
Some of the leading companies offering Omega-3 Ingredients are Croda International Plc, Omega Protein Corporation, Koninklijke DSM N.V., Cargill Inc., Epax Norway AS, GC Rieber Oils AS, Pharma Marine AS among others.
Enquiry before Buying
Is this research conducted by Future Market Insights?
Yes, the research has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to research analyst
What research methodology is followed by FMI?
FMI follows a methodology that encompasses demand side assessment of the market, and triangulates the same through supply side analysis. This methodology is based on use of standard market structure, methods and definitions. Request detailed methodology
Who are the respondents for primary research?
FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.
What are the sources of secondary research?
FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Is a sample of this report available for evaluation?
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Omega-s Ingredients Market by Category
- Alphalinolenic Acid
- Eicosapentaenoic Acid
- Docosahexaneoic Acid
- Fish Oil
- Algal Oil
- Chia Seed Oil
- Flax Seed Oil
- Soybean Oil
- Canola Oil
- Walnut Oil
- Mustard Oil
- Food Industry
- Dairy Desserts
- Bakery & Confectionery
- Savory Snacks
- Breakfast Cereals
- Beverage Industry
- Functional Drinks
- Dietary Supplements
- Infant Formulas
- Pharmaceutical & Nutraceutical Industry
- Animal Feed
- North America
- Latin America
- Asia Pacific
- Middle East and Africa (MEA)