Omega-3 PUFA Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Global Omega-3 PUFA Market is segmented by Source (Plant and Marine); Type (Docosahexaenoic acid (DHA), Eicosapentaenoic acid (EPA), Alpha-Linolenic Acid (ALA) and Others); Concentration, (High Concentration, Medium Concentration, and Low Concentration); Application (Food and Beverage, Dietary Supplements, Pharmaceuticals, and Animal Feed); and Geography (North America, Europe, Asia-Pacific, South America, and the Middle East & Africa). The report offers market size and forecasts for the Omega-3 Pufa market in value (USD million) for all the above segments.

Market Snapshot

Omega-3 PUFA Market Size
Study Period: 2016 -2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 8.2 %

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Market Overview

The global omega-3 PUFA market is growing at a CAGR of 8.2% during the forecast period (2022-2027).

COVID-19 had a significant effect on the omega-3 PUFA market. The buying pattern of consumers changed during the pandemic. This was because of the consumer's interest in healthy, nutritious food raised. The products that contain omega-3 PUFA were found in the top preference of the consumers because consumption of such products helps in improvising health physically and mentally. For instance, Archer Daniels Midland Company, which is one of the key players in this industry, has estimated a growth of 76% in the first quarter of fiscal 2021.

The market growth is fueled by factors such as rising consumer awareness of the health benefits associated with omega-3 PUFA. The sector is also gaining importance and becoming a part of the consumer’s daily diet owing to the increased prevalence of people taking preventive healthcare measures.

The rising application of omega-3 PUFA in industrial sectors is eventually driving the growth of this market globally. As the consumers are getting aware of their health, therefore, the majority of consumers prefer the omega-3 contained product as their base need supplement.

Scope of the Report

The global omega-3 PUFA market has been segmented by source into plant and marine sources; and by type into Docosahexaenoic acid (DHA), Eicosapentaenoic acid (EPA), Alpha-Linolenic Acid (ALA), and others. By concentration, the market is segmented into high concentration, medium concentration, and low concentration; and by application into food and beverage, dietary supplements, pharmaceuticals, and animal feed. The market is also segmented by geography into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report offers market size and forecasts for the organic food and beverages market in value (USD million) for all the above segments.

By Source
Plant
Marine
By Type
Docosahexanoic acid (DHA)
Eicosapentanoic acid (EPA)
Alpha-Linolenic Acid (ALA)
Others
By Concentration
High Concentrated
Medium Concentrated
Low Concentrated
By Application
Food and Beverages
Functional Foods & Beverages
Infant Formula
Dietary Supplements
Pharmaceuticals
Animal Nutrition
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

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Key Market Trends

Increasing Demand for EPA Contained Food

The demand for Eicosapentaenoic acid is rising among consumers, which is one of the several omega-3 fatty acids. This is due to the fact that EPA can help in preventing and reversing heart disease, and consumption of these products can help in decreasing irregular heartbeats, which include inflammation, peripheral artery disease, major coronary events, and anticoagulation. Thus, the consumer consciousness towards a healthier lifestyle is eventually dragging the per capita spending towards this specific market. Some of the most common foods that contain Eicosapentaenoic acid are cold-water fish, nuts, seeds, and plant-based oil. The health benefits gained by EPA are majorly preferred by consumers worldwide. Thus, this factor is driving the market tremendously.

Omega-3 PUFA Market Trends

Asia Pacific is the Fastest-Growing Market

Asia- Pacific is the fastest-growing region for the omega-3 ingredient market, with major markets in China and Japan. China is the largest market, followed by Japan and Australia. The strong manufacturing base, increasing middle-class population, disposable income, and health awareness are fueling the market for omega 3 PUFA, especially the consumption of EPA and DHA ingredients in China. The high birth rate and the recent abolition of the one-child policy in China are expected to fuel the demand for DHA-based ingredients for infant nutritional formulae. Infant formulae followed by dietary supplements are two major application areas in the Chinese EPA and DHA market. The dietary supplements sector in the China marketplace is expected to emerge as a lucrative application sector for EPA and DHA ingredients amid an increase in discretionary spending.

Omega-3 PUFA Market Share

Competitive Landscape

The market studied is competitive in nature. This is because of the presence of numerous domestic and international players in this segment. Some of the key players in this industry are Croda International Plc, Archer Daniels Midland Company, Corbion NV, BASF SE, and Cargill, Incorporated. Key players are majorly focusing on product development and product innovation to meet the consumer's needs by offering a variety in taste and in product quality to maintain premiumization. Some of the major players use mergers and acquisitions as their key strategy.

Recent Development

  • In 2021, Cargill, Incorporated has acquired Croda's Biobased industrial business. The key strategy behind the acquisition of Croda's technologies and chemical business will be useful in developing new products which will be beneficial in meeting the varying requirements of the consumers around the globe, as using different technologies the company can offer numerous innovative omega-3 PUFA supplements to the consumer and also it will play a major role in business expansion.
  • In 2021, Pharma Marine has partnered with GEA, which is a well-established and active member of the food and beverage industry. The strategy behind the partnership is to expand the fish oil production on Norway's west coast.

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 Source

      1. 5.1.1 Plant

      2. 5.1.2 Marine

    2. 5.2 By Type

      1. 5.2.1 Docosahexanoic acid (DHA)

      2. 5.2.2 Eicosapentanoic acid (EPA)

      3. 5.2.3 Alpha-Linolenic Acid (ALA)

      4. 5.2.4 Others

    3. 5.3 By Concentration

      1. 5.3.1 High Concentrated

      2. 5.3.2 Medium Concentrated

      3. 5.3.3 Low Concentrated

    4. 5.4 By Application

      1. 5.4.1 Food and Beverages

        1. 5.4.1.1 Functional Foods & Beverages

        2. 5.4.1.2 Infant Formula

      2. 5.4.2 Dietary Supplements

      3. 5.4.3 Pharmaceuticals

      4. 5.4.4 Animal Nutrition

    5. 5.5 Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

        3. 5.5.1.3 Mexico

        4. 5.5.1.4 Rest of North America

      2. 5.5.2 Europe

        1. 5.5.2.1 Spain

        2. 5.5.2.2 United Kingdom

        3. 5.5.2.3 Germany

        4. 5.5.2.4 France

        5. 5.5.2.5 Italy

        6. 5.5.2.6 Russia

        7. 5.5.2.7 Rest of Europe

      3. 5.5.3 Asia-Pacific

        1. 5.5.3.1 China

        2. 5.5.3.2 Japan

        3. 5.5.3.3 India

        4. 5.5.3.4 Australia

        5. 5.5.3.5 Rest of Asia-Pacific

      4. 5.5.4 South America

        1. 5.5.4.1 Brazil

        2. 5.5.4.2 Argentina

        3. 5.5.4.3 Rest of South America

      5. 5.5.5 Middle-East and Africa

        1. 5.5.5.1 South Africa

        2. 5.5.5.2 Saudi Arabia

        3. 5.5.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Cargill, Incorporated

      2. 6.4.2 BASF SE

      3. 6.4.3 Corbion NV

      4. 6.4.4 Archer Daniels Midland Company

      5. 6.4.5 Croda International Plc

      6. 6.4.6 Omega Protein Corporation

      7. 6.4.7 Pharma Marine

      8. 6.4.8 Stepan company

      9. 6.4.9 Novotech Nutraceuticals Inc

      10. 6.4.10 Clover Corporation Ltd

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

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

**Subject to Availability

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Frequently Asked Questions

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

The Omega 3-PUFA Market is growing at a CAGR of 8.2% over the next 5 years.

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

North America holds highest share in 2021.

Cargill, Incorporated, BASF SE, Corbion NV, Archer Daniels Midland Company, Croda International Plc are the major companies operating in Omega 3-PUFA Market.

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