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Omega 3 Supplements Market, By Source (Fish Oil and Krill Oil) By Application (Infant Formula, Food & Beverages, Dietary Supplements, Pharmaceuticals, Pet & Animal Feed and Clinical Nutrition) and Geography (North America, Europe, Asia Pacific, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

149 Pages | Published Date : June 2019 | Report Code: AV317 | Report Format: PDF

REPORT HIGHLIGHT

The omega-3 supplements market is estimated to represent a global market of USD 34.90 billion by 2017, growing with 6.23% CAGR over the forecast period.

Market Dynamics

Omega 3 supplements are fish oils that are rich in docosahexaenoic acid (DHA), and Eicosapentaenoic acid (EPA). As people are becoming aware of the importance of healthy lifestyle and seek a solution to the rising problem of obesity, it will result in a considerable increase in the demand of omega 3 supplements in the upcoming years. 

There is scientific evidence to suggest that Omega 3 is very effective in treating high cholesterol, arthritis, immunity loss, hypertension, and heart disease. Moreover, it is beneficial for vision development and nervous system of fetuses. Thus, a gradual increase in awareness regarding the numerous health benefits will contribute positively to the global market expansion in the years to follow. However, fisheries sustainability issues can minimize fish oil production and this can hamper the industry growth.

Market by Source

The omega 3 market is segregated into pet & animal feed, instant formulas, supplement & functional foods, pharmaceuticals. The fish oil segment, anchovy will dominate the industry because of their wide availability. Among all the available sources, fish oil dominates the global omega 3 supplements market. The extensive demand for fish oil during the past few years, due to its high nutritional value is likely to bolster this segment and keep it dominant in the coming years. Likewise, krill oil is also expected to emerge as a significant source of omega 3 over the forecast period. 

Application Takeaway

The industry is broadly segmented into pet and animal feed, infant formulas, pharmaceuticals, and supplement and functional foods based on its applications. Infant formula segment is expected to take an edge in the market because of its health benefits for babies. The segment of supplement and functional foods is also capturing the market because of increasing health care cost, and hefty investment in R&D. Dietary supplements play a significant role in maintaining fitness and nutrient adequacy among adults.  Hence, it is anticipated to leverage the consumption of omega 3 products related to dietary supplement.

Supplement and functional foods ensure the intake of important nutritional constituents.  The rise of cardiovascular diseases among the millennial due to sedentary life style and faulty dietary habits will propel the demand for nutraceutical products based on omega 3. Improved awareness of the harmful effects of consuming excess calories is likely to surge the use of omega 3 in sports supplement and functional food products.

Regional Insights

Asia Pacific region is anticipated to have the highest growth rate due to the increasing demand in countries like Australia, India, and China. Extensive use of fish oil in regular diet and rise in health awareness will augment the product demand. Increase in the cultivation of krill fish in the Indian Ocean and South China Sea will be propelling the overall market development.

In North America, a substantial increase in product utilization particularly in the pharmaceutical industry along with growing R&D activities is projected to boost the regional market. Europe will also witness a healthy growth due to increased consumption in the form of dietary supplement and rising geriatric population particularly in developed economies like France and Germany.

Key Vendor Takeaway

Some of the renowned companies in the global industry are Lonza, GC Rieber Oils AS, Omega Protein Corporation, DSM, BASF SE, Axellus, Aker BioMarine. Capacity expansions and product development are the major operational strategies adopted on the part of the manufacturers.   The high differentiation of products in the market has forced manufacturers to focus on the introduction of different forms like soft gels, powders, liquids, and tablets.

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2014 & 2016
  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Government and Regional Agencies
  • Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY SOURCE

  • Fish Oil
    • Anchovy
    • Sardine
    • Salmon
    • Tuna
    • Cod Liver
  • Krill Oil

MARKET, BY APPLICATION

  • Infant Formula
  • Food & Beverages
  • Dietary Supplements
  • Pharmaceuticals
  • Pet & Animal Feed
  • Clinical Nutrition

MARKET, BY REGION

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • The Middle East and Africa
    • Latin America

TABLE OF CONTENT

1. OMEGA 3 SUPPLEMENTS MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Source
2.1.2. Market Snippet by Application
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. OMEGA 3 SUPPLEMENTS KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. OMEGA 3 SUPPLEMENTS INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. OMEGA 3 SUPPLEMENTS MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key Manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. OMEGA 3 SUPPLEMENTS MARKET – BY SOURCE
6.1. Overview
6.1.1. Segment Share Analysis, By Source, 2017 & 2025 (%)
6.2. Fish Oil
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.2.3. Anchovy
6.2.3.1. Overview
6.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.2.4. Sardine
6.2.4.1. Overview
6.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.2.5. Salmon
6.2.5.1. Overview
6.2.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.2.6. Tuna
6.2.6.1. Overview
6.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.2.7. Cod Liver
6.2.7.1. Overview
6.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. Krill Oil
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. OMEGA 3 SUPPLEMENTS MARKET – BY APPLICATION
7.1. Overview
7.1.1. Segment Share Analysis, By Application, 2017 & 2025 (%)
7.2. Infant Formula
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3. Food & Beverages
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4. Dietary Supplements
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.5. Pharmaceuticals
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.6. Pet & Animal Feed
7.6.1. Overview
7.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.7. Clinical Nutrition
7.7.1. Overview
7.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8. OMEGA 3 SUPPLEMENTS MARKET– BY GEOGRAPHY
8.1. Introduction
8.1.1. Segment Share Analysis, By Region, 2017 & 2025 (%)
8.2. North America
8.2.1. Overview
8.2.2. Key Manufacturers in North America
8.2.3. North America Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.2.4. North America Market Size and Forecast, By Source, 2014 – 2025 (US$ Million)
8.2.5. North America Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.2.6. U.S.
8.2.6.1. Overview
8.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.2.7. Canada
8.2.7.1. Overview
8.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3. Europe
8.3.1. Overview
8.3.2. Key Manufacturers in Europe
8.3.3. Europe Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.3.4. Europe Market Size and Forecast, By Source, 2014 – 2025 (US$ Million)
8.3.5. Europe Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.3.6. France
8.3.6.1. Overview
8.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.7. Germany
8.3.7.1. Overview
8.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.8. Rest of Europe
8.3.8.1. Overview
8.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Key Manufacturers in Asia Pacific
8.4.3. Asia Pacific Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.4.4. Asia Pacific Market Size and Forecast, By Source, 2014 – 2025 (US$ Million)
8.4.5. Asia Pacific Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.4.6. China
8.4.6.1. Overview
8.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.7. India
8.4.7.1. Overview
8.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.8. Rest of APAC
8.4.8.1. Overview
8.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5. Rest of the World
8.5.1. Overview
8.5.2. Key Manufacturers in Rest of the World
8.5.3. Rest of the World Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.5.4. Rest of the World Market Size and Forecast, By Source, 2014 – 2025 (US$ Million)
8.5.5. Rest of the World Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.5.6. Latin America
8.5.6.1. Overview
8.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.7. Middle East and Africa
8.5.7.1. Overview
8.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9. KEY VENDOR ANALYSIS
9.1. Nordic Naturals Inc.
   9.1.1. Company Snapshot
   9.1.2. Financial Performance
   9.1.3. Source Benchmarking
   9.1.4. Strategic Initiatives
9.2. Pharma Nord B.V.
9.3. Ascenta Health
9.4. Green Pasture Products, Inc.
9.5. Aker BioMarine AS
9.6. Luhua Biomarine
9.7. Cederroth
9.8. Pharmavite LLC
9.9. KD Pharma Group
9.10. Carlson Laboratories
9.11. Glaxosmithkline PLC
9.12. Optimum Nutrition Inc.
9.13. Nutrigold Inc.
9.14. Natrol LLC
9.15. OmegaBrite
9.16. Vaya Pharma
9.17. Coromega
9.18. 53 Formulas Inc. (Nutrusta)
9.19. Reckitt Benckiser Group plc
9.20. Tranquility Labs LLC
9.21. Rainbow Light
9.22. Onnit Labs, LLC
9.23. Jarrow Formulas
9.24. Dr C’s Omega 3’s
9.25. Life Extension
9.26. Lonza
9.27. GC Rieber Oils AS
9.28. Omega Protein Corporation
9.29. DSM
9.30. BASF SE
9.31. Axellus
9.32. Aker BioMarine
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. References
11.3. Abbreviations
11.4. Disclaimer
11.5. Contact Us

List of Tables
TABLE List of data Technology
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Omega 3 Supplements Market: Source snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Source
TABLE Global Omega 3 Supplements Market, by Source 2014-2025 (USD Million)
TABLE Omega 3 Supplements Market: Application snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Application
TABLE Global Omega 3 Supplements Market, by Application, 2014-2025 (USD Million)
TABLE Omega 3 Supplements Market: regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by region
TABLE Global Omega 3 Supplements Market, by region 2014-2025 (USD Million)
TABLE North America Omega 3 Supplements Market, by country, 2014-2025 (USD Million)
TABLE North America Omega 3 Supplements Market, by Source, 2014-2025 (USD Million)
TABLE North America Omega 3 Supplements Market, by Application, 2014-2025 (USD Million)
TABLE U.S. Omega 3 Supplements Market, by Source, 2014-2025 (USD Million)
TABLE U.S. Omega 3 Supplements Market, by Application, 2014-2025 (USD Million)
TABLE Canada Omega 3 Supplements Market, by Source, 2014-2025 (USD Million)
TABLE Canada Omega 3 Supplements Market, by Application, 2014-2025 (USD Million)
TABLE Europe Omega 3 Supplements Market, by country, 2014-2025 (USD Million)
TABLE Europe Omega 3 Supplements Market, by Source, 2014-2025 (USD Million)
TABLE Europe Omega 3 Supplements Market, by Application, 2014-2025 (USD Million)
TABLE Germany Omega 3 Supplements Market, by Source, 2014-2025 (USD Million)
TABLE Germany Omega 3 Supplements Market, by Application, 2014-2025 (USD Million)
TABLE U.K. Omega 3 Supplements Market, by Source, 2014-2025 (USD Million)
TABLE U.K. Omega 3 Supplements Market, by Application, 2014-2025 (USD Million)
TABLE Rest of the Europe Omega 3 Supplements Market, by Source, 2014-2025 (USD Million)
TABLE Rest of the Europe Omega 3 Supplements Market, by Application, 2014-2025 (USD Million)
TABLE Asia Pacific Omega 3 Supplements Market, by country, 2014-2025 (USD Million)
TABLE Asia Pacific Omega 3 Supplements Market, by Source, 2014-2025 (USD Million)
TABLE Asia Pacific Omega 3 Supplements Market, by Application, 2014-2025 (USD Million)
TABLE Japan Omega 3 Supplements Market, by Source, 2014-2025 (USD Million)
TABLE Japan Omega 3 Supplements Market, by Application, 2014-2025 (USD Million)
TABLE China Omega 3 Supplements Market, by Source, 2014-2025 (USD Million)
TABLE China Omega 3 Supplements Market, by Application, 2014-2025 (USD Million)
TABLE Rest of Asia Pacific Omega 3 Supplements Market, by Source, 2014-2025 (USD Million)
TABLE Rest of Asia Pacific Omega 3 Supplements Market, by Application, 2014-2025 (USD Million)
TABLE Rest of the World Omega 3 Supplements Market, by country, 2014-2025 (USD Million)
TABLE Rest of the World Omega 3 Supplements Market, by Source, 2014-2025 (USD Million)
TABLE Rest of the World Omega 3 Supplements Market, by Application, 2014-2025 (USD Million)
TABLE Latin America Omega 3 Supplements Market, by Source, 2014-2025 (USD Million)
TABLE Latin America Omega 3 Supplements Market, by Application, 2014-2025 (USD Million)
TABLE Middle East and Africa Omega 3 Supplements Market, by Source, 2014-2025 (USD Million)
TABLE Middle East and Africa Omega 3 Supplements Market, by Application, 2014-2025 (USD Million)

List of Figures
FIGURE Omega 3 Supplements Market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Source segment market share analysis, 2017 & 2025
FIGURE Source segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Fish Oil market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Anchovy market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Sardine market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Salmon market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Tuna market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Cod Liver market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Application segment market share analysis, 2017 & 2025
FIGURE Application segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Infant Formula market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Food & Beverages market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Dietary Supplements market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Pharmaceuticals market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Pet & Animal Feed market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Clinical Nutrition market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Regional segment market share analysis, 2017 & 2025
FIGURE Regional segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE North America Omega 3 Supplements Market share and leading players, 2018
FIGURE Europe Omega 3 Supplements Market share and leading players, 2018
FIGURE Asia Pacific Omega 3 Supplements Market share and leading players, 2018
FIGURE Latin America Omega 3 Supplements Market share and leading players, 2018
FIGURE Middle East and Africa Omega 3 Supplements Market share and leading players, 2018
FIGURE North America market share analysis by country, 2018
FIGURE U.S. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Canada market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Europe market share analysis by country, 2018
FIGURE U.K. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Germany market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the Europe market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Asia Pacific market share analysis by country, 2018
FIGURE India market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE China market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of Asia Pacific market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the World market share analysis by country, 2018
FIGURE Latin America market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Middle East and Africa market size, forecast and trend analysis, 2014 to 2025 (USD Million)

SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including Technology launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

KEY BENEFITS OF THE REPORT
• The report presents macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
• Thorough analysis of relevant statistical data to estimate the market paradigms
• Exceptional understanding of region and country specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts, and growth specific to the countries.
• Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new Technology developments

RESEARCH METHODOLOGY

Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
  • Industry study groups and semiofficial sources
  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast :

Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.

We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.

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