Omega-3 Products Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Omega-3 Products Market is segmented by Product Type (Functional Food, Dietary Supplements, Infant Nutrition, Pet Food and Feed, and Others), Distribution Channel (Supermarkets/Hypermarkets, Pharmacies and Drug Stores, Online Retailers, and Other Distribution Channels), and Geography (North America, Europe, Asia Pacific, South America, and Middle-East and Africa). The report offers market size and forecasts in value (USD million) for the above segments.

Market Snapshot

Omega-3 Products Market Size
Study Period: 2016 -2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia-Pacific
CAGR: 7.4 %
Omega-3 Products Market Key Players

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The omega-3 product market is projected to grow at a CAGR of 7.4% during the forecast period (2022-2027).

The COVID-19 has also resulted in the generation of opportunities for manufacturers of health-oriented products, especially dietary supplements. In recent year, the outbreak of coronavirus 2nd wave in 2021 has inclined consumer towards consuming dietary supplements in their daily life to prevent themselves from severe respiratory syndrome coronavirus and this led to a huge increase of the demand of omega 3 supplement which in turn boost the omega 3 product market.

Recently, deaths from cardiovascular disease witnessed to increase around the globe which tend to boost the omega-3 product market. Western Sub-Saharan Africa and South Asia saw a rise in cardiovascular disease. Omega-3 fatty acids found in supplements and naturally in foods such as certain fish, nuts, and seeds, have long been touted for health benefits, especially heart health. However, increasing chronic diseases like heart disease, arthritis, strokes and cancer are predicted to accelerate the demand for omega 3 products over the globe. As per the World Health Organization (WHO), more than 14 million population of age 30 and 70 die every year owing to eminent chronic diseases.

Rising application of the omega 3 fatty acids in pet food and pharmaceuticals is highly boosting the market owing to the increasing public initiatives syndicated with health and fitness which further aid the market. The growing awareness among consumers about the health benefits of omega-3 is driving the demand for innovation among the market players to sustain in the market. However, the technology delivers odorous oils in a micro-emulsified formulation designed to increase surface absorption. The OmegaZero® Technology helps the odoriferous oil get emulsified in the gut instead of forming a layer on the surface of the gastric juice, thus, significantly reducing the contact surface of the oil with air.

Scope of the Report

Omega-3s (short for omega-3 fatty acids) are a kind of nutrient found in foods and in the human body, such as fish and flaxseed. The global omega-3 products market offers a range of products, including functional food, dietary supplements, infant nutrition, pet food and feed, and others. The market mainly relies on Supermarkets/ Hypermarkets, pharmacies and drug stores, online retailers, and other points of sales for distributing products. The study also covers the market scenario at the global level, covering regions - North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).

By Product Type
Functional Food
Dietary Supplements
Infant Nutrition
Pet Food and Feed
Other Product Types
By Distribution Channel
Supermarkets/ Hypermarkets
Pharmacies and Drug Stores
Online Retailers
Other Distribution Channels
By Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
Saudi Arabia
Rest of Middle-East and Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Infant Nutrition Emerges as the Highest Consumed Omega-3 Products

Owing to the increasing popularity of omega-3 in other applications, many researches are being carried out to assess the effect of omega-3 in baby food/infant nutrition. It has been found that consumption of DHA-enriched formula in infancy may be linked to positive cognitive outcomes in childhood. In infants, most of the brain development occurs during pregnancy and throughout the first two years of life. During these times, infants need DHA and ARA. These nutrients are responsible largely for brain development, which is the major reason for the growing sales of omega-3 infant nutrition products. Due to the increase in the number of working individuals in a family, including women, parents find it difficult to constantly monitor the health of their children. This has shifted their focus to synthetically formulated foods, which can assist in the health of their children.

Omega-3 Products Market Share

Asia-Pacific Dominates the Global Omega-3 Products Market

The shift in consumer preference toward a healthy diet comprising of omega-3 ingredients and the use of fish oil in Asia-Pacific is expected to boost sales. China is the third-largest market for EPA and DHA oils in the world. Consumers in China mostly obtain their omega-3s from fish, supplements, and fortified foods. Omega-3 sourced from fish oil dominates the dietary supplements sector, while algal DHA oil leads in the fortified food and beverage industry. Cooking oil, eggs, and health drinks are some popular fortified omega-3 products in the Indian market. Over the years, consumer demand has increased, and several major companies have started selling omega-3 supplements and other products on e-commerce websites. For instance, in 2020, Blackmores Group offered a range of omega-3-based supplements, gummies, and other commodities over the regions of Asia-Pacific, recently announced its launch into the Indian market, reaching local consumers associated with Amazon India and other major e-commerce platforms.

Omega-3 Products Market Analysis

Competitive Landscape

Omega-3 products market is a moderately consolidated market with the presence of various major and local players. Some of the key players in the market are Reckitt Benckiser Group PLC, Sanofi SA, Unilever PLC, Amway Corp., Nestle SA, and several small-scale private-labeled local manufacturers. Most of the companies operating at the regional levels are private companies. Thus, their market prominence is less than the other prominent players in the market studied. Most of the major players in the omega-3 product industry are focusing on R&D for the latest product innovation, merger, and acquisition, which is expected during the forecast period. Advanced distribution network and manufacturing expertise give an upper edge to the manufacturers to expand their range of products.

Recent Developments

  • In 2021, Natures Crops International announced the launch of industry-first functional gummy supplements containing Ahiflower® oil. Ahiflower is a regeneratively grown vegan alternative to fish and flax oils, providing comprehensive omega nutrition and health benefits backed by human clinical trials and the most complete and balanced omegas.
  • In 2021, Coromega, a Quadra Ingredients company, announced the launch of its first Omega-3 liquid squeeze supplement for dogs, Coromega Pup Packets®. Each Pup Packet has fully thirty times the omega-3 as a typical pet chew.
  • In 2021, Nordic Naturals entered the beauty category with new skin health supplements.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Functional Food

      2. 5.1.2 Dietary Supplements

      3. 5.1.3 Infant Nutrition

      4. 5.1.4 Pet Food and Feed

      5. 5.1.5 Other Product Types

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarkets/ Hypermarkets

      2. 5.2.2 Pharmacies and Drug Stores

      3. 5.2.3 Online Retailers

      4. 5.2.4 Other Distribution Channels

    3. 5.3 By Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 Germany

        4. 5.3.2.4 France

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Share Analysis

    2. 6.2 Most Adopted Strategies

    3. 6.3 Company Profiles

      1. 6.3.1 Nestle SA

      2. 6.3.2 Unilever

      3. 6.3.3 Amway Corp.

      4. 6.3.4 Sanofi SA

      5. 6.3.5 Herbalife Limited

      6. 6.3.6 Quadra Chemicals Inc.

      7. 6.3.7 Reckitt Benckiser Group PLC

      8. 6.3.8 Blackmores Limited

      9. 6.3.9 Natures Crops International

      10. 6.3.10 Cooke Inc.

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Omega-3 Products Market market is studied from 2016 - 2027.

The Omega-3 Products Market is growing at a CAGR of 7.4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia-Pacific holds highest share in 2021.

Sanofi S.A., Unilever, Reckitt Benckiser Group plc, Amway Corp., Nestlé SA are the major companies operating in Omega-3 Products Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!