The global omega 3 fatty acids market size was valued at USD 1.26 billion in 2017 and is expected to keep on growing in the forecast period. The positive clinical research, along with increasing health awareness, regulatory recognition and improvement of standard of living in several countries propel the growth of global Omega 3 fatty acids market in the coming years.

Omega 3 fatty acids is a family of 15 different fat molecules, out of which Eicosapentaenoic acid (EPA) and Docosahexaenoic acid (DHA) are the important ones. Omega 3 fatty acids fatty acids have many important functions including regulation of passage of both nutrients and waste products across the cell membrane. These acids are mainly found in fish, flax seeds, chia seeds, walnuts, algae and other plant oils. A major valuable portion of the Omega 3 fatty acids market volume is derived from fish and only a small part from the algae. Because of the depleting fish supply, algae are expected to be the most promising source of Omega 3 fatty acids fatty acids in the near future.

The global Omega 3 fatty acids market will be doing fine simply due to the rapid economic development across the world. Also, rise in demand for supplements and functional foods will boost the growth of Omega 3 fatty acids market in the forecast period. Emerging economies such as India, China, and other Asian countries are spending on pharmaceutical sector, thus, attracting the major market players to invest in these regions. However, the limited supply of fish that provides Omega 3 fatty acids fatty acids and increased levels of contamination in fishes can act as a barrier to the growth of Omega 3 fatty acids market.

Despite the overall growth of Omega 3 fatty acids market, the market in Europe and the US is slightly down from the previous years, indicating the maturity of market in these regions. The pet & animal feed sector has decreased slightly, while the other applications such as supplements & functional foods and infant formulas have shown growth in Europe. Even if the European market is mature, a vast majority of people do not get enough EPA and DHA to support their health. Hence, the demand for EPA and DHA supplements will grow with its recognition in the forecast period, contributing to the growth of Omega 3 fatty acids market.

Supplements & functional food segment had the highest share among different applications within the global Omega 3 fatty acids market in 2017. Most of the Omega 3 fatty acids oil is consumed by supplements & functional food, followed by pet & animal feed, infant formulas and pharmaceuticals. In terms of value, supplements & functional food is followed by pharmaceuticals, infant formulas and pet & animal feed. The infant formula segment is expected to grow with the highest growth rate in the forecast period, owing to its numerous nutritional advantages essential for the infant growth.

Algae-based Omega 3 fatty acids acid have higher prices as compared to the fish-based, but the market for algae-based acid looks promising due to the depleting fish supply and overfishing concerns. This creates an opportunity for the Omega 3 fatty acids market players to steer their attention towards algae as an alternative for fish to extract EPA & DHA. In January 2018, UK-based chemical giant Croda announced their acquisition of Canadian microbial technology company Nautilus, which researches microbes such as coral, sponges and algae which could be used to extract Omega 3 fatty acids oils. Hence, growing number of technological innovations will fuel the growth of Omega 3 fatty acids market.

The competitive landscape of global Omega 3 fatty acids market consist of global as well as some regional players including DSM, BASF, Croda, Pronova, Omega Protein and others. These prominent players have always looked forward to implement eminent strategies through partnerships, agreements, collaborations and business expansions. For instance, in March 2017, DSM and Evonik announced their joint venture to produce Omega 3 fatty acids fatty acids from natural marine algae for animal nutrition.

Key segments of the global Omega 3 fatty acids market

Application Overview, 2015-2025 (USD million) (Kilo tons)

• Supplements & Functional Foods
• Pharmaceuticals
• Infant formulas
• Pet & Animal Feed
• Others

Regional Overview, 2015-2025 (USD million) (Kilo tons)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle-East & Africa

Reasons for the study

• The study assesses the dynamics and movement of the global Omega 3 fatty acids market across various geographies
• While studying the Omega 3 fatty acids market, we observed that the demand for its products was tremendous in both developed as well as developing countries
• The companies, as a strategic step are opening new manufacturing facilities, especially algae-based Omega 3 fatty acids extracting techniques to meet the growing demand and overcome the overfishing problem.

What does the report include?

• The report focuses on Omega 3 fatty acids market and its application industries.
• The study on the global Omega 3 fatty acids market includes qualitative factors such as value chain analysis, drivers, and restraints
• The study covers qualitative and quantitative analysis of the market segmented on the basis of applications. Moreover, the study provides similar information for the key geographies
• Actual market sizes and forecasts have been provided for all the above-mentioned segments
• The study includes the profiles of key players in the market with a significant global and/or regional presence

Who should buy this report?

• The report on the global Omega 3 fatty acids market is suitable for all the players across the value chain including industries such as food, pharmaceuticals and others
• Venture capitalists and investors looking for more information on the future outlook of the global Omega 3 fatty acids market
• Consultants, analysts, researcher, and academicians looking for insights shaping the global Omega 3 fatty acids market