Omega-3 Market to Reach US$ 16.37 Bn by 2023, Globally - QYResearch.com

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18 Jul, 2018, 19:30 IST

LOS ANGELES, PUNE, India and SEOUL, South Korea, July 18, 2018 /PRNewswire/ --

According to the latest market report published by QY Research titled "Global Omega-3 Market Research Report 2017-2023", currently, omega-3 is mainly distributed in Europe, North America, South America and China. Europe was the largest consumption region holding 37.40% of global share, while China consumption takes only 7.75% of global omega-3 in 2016. Manufacturers are limited by regional distribution of fish resources. This industry is mainly concentrated in areas which have rich aquatic resources.

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Omega-3 mainly has three types involved in ALA, EPA and DHA. It is also extracted from fish oil and algae oil, etc. Omega-3 produced by algae has not been wildly used. This method has great potential.

The global consumption Omega-3 market is valued at 10.51 billion USD in 2016 and is expected to reach 16.37 billion USD by the end of 2023, growing at a CAGR of 6.54% between 2016 and 2023.

The leading companies own the advantages on better performance, more abundant product's types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow upward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

Omega-3 Market Competitive landscape and key vendors: DSM, BASF, EPAX, Golden Omega, TASA, Omega Protein, Croda, Marine Ingredients, GC Rieber, Polaris, Auqi, Kinomega, Skuny, Xinzhou, Anti-Cancer, Sinomega, Orkla Health, LYSI, OLVEA Fish Oils, Hofseth BioCare, Nippon Suisan Kaisha, KD Pharma, Shandong Yuwang Pharmaceutical, Maruha Nichiro Foods, Solutex, Bioprocess Algae. 

The market concentrate is rather dispersion, DSM, BASF, EPAX, Golden Omega, TASA, Omega Protein, Croda, Marine Ingredients, GC Rieber, Polaris are main manufacturers and the total share of top 3 is 37.67% in 2016, and the top 5 takes 48.30% of global production.

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The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.

The Global Omega-3 Market Research Report 2018 report released by QYResearch provides a basic overview of the Omega-3 industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Omega-3 industry development trends and marketing channels were analysed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

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Omega-3 Market Segment Applications, can be divided into 

  • Dietary Supplements
  • Fortified Food and Beverage
  • Infant Formula
  • Pharmaceuticals
  • Pet Foods
  • Others

Omega-3 Market Segment by Type, covers 

  • Marine Omega-3
  • Algae Omega-3

To analyse and study the Omega-3 Market capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025); Focuses on the key Omega-3 Market manufacturers, to study the capacity, production, value, market share and development plans in future and global key manufacturers, to define, describe and analyse the market competition landscape, SWOT analysis.

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