Market Size of Middle East & Africa Omega-3 Products Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR (2024 - 2029) | 5.20 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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MEA Omega-3 Products Market Analysis
The Middle East & Africa Omega-3 Products Market is expected to register a CAGR of 5.20% during the forecast period.
Scientific research and media exposure, as well as rising health and nutritional awareness among African consumers, have led to a substantial rise in omega-3 fish oil supplementation over the last five years. Some of the fish oil supplements sold in South Africa are encapsulated locally, while all fish oil or fish oil concentrates are imported from different countries.
Across the Middle Eastern region, the demand is mostly backed by the adoption of western lifestyle, driven by the changing attitudes toward dietary preferences and product know-how among affluent consumers.
MEA Omega-3 Products Industry Segmentation
The Middle-East and Africa omega-3 products market is segmented by product type into functional food, dietary supplements, and infant nutrition. By distribution channel, the market is segmented into grocery retailers, pharmacies and drug stores, internet retailing, and other distribution channels. By geography, the market is segmented into South Africa, the United Arab Emirates, and the rest of Middle-East and Africa.
By Product Type | |
Functional Food | |
Dietary Supplements | |
Infant Nutrition |
By Distribution Channel | |
Grocery Retailers | |
Pharmacies and Drug Store | |
Internet Retailing | |
Other Distribution Channels |
Geography | ||||||
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Middle East & Africa Omega-3 Products Market Size Summary
The Middle East and Africa Omega-3 Products Market is poised for significant growth, driven by increasing health and nutritional awareness among consumers. This trend is particularly evident in the rising consumption of omega-3 fish oil supplements, which are gaining popularity due to scientific research and media exposure. In South Africa, while some supplements are locally encapsulated, the majority of fish oil products are imported. In the Middle East, the demand is fueled by a shift towards a western lifestyle, with affluent consumers becoming more aware of dietary preferences and product benefits. The poultry industry, especially in countries like Saudi Arabia, is also contributing to this growth, as there is a rising need for omega-3 enriched feeds to enhance chicken meat quality and reduce reliance on imports.
The market is further bolstered by the increasing adoption of the internet and curiosity about new products in developing regions, leading to a higher demand for branded omega-3 dietary supplements. This shift is creating substantial opportunities for the market, as health-conscious consumers across various age groups seek to meet their dietary needs through supplements. The imitation of western lifestyles is accelerating the consumption of these products, with major players like Now Foods, Windmill Health Products, and Unilever expanding their presence. The market is expected to see more innovation in functional foods and a significant volume of imports in the feed and pet food segments, although sourcing may be affected by price fluctuations.
Middle East & Africa Omega-3 Products Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Functional Food
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2.1.2 Dietary Supplements
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2.1.3 Infant Nutrition
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2.2 By Distribution Channel
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2.2.1 Grocery Retailers
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2.2.2 Pharmacies and Drug Store
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2.2.3 Internet Retailing
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2.2.4 Other Distribution Channels
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2.3 Geography
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2.3.1 Middle-East and Africa
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2.3.1.1 South Africa
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2.3.1.2 Saudi Arabia
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2.3.1.3 United Arab Emirates
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2.3.1.4 Rest of Middle-East and Africa
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Middle East & Africa Omega-3 Products Market Size FAQs
What is the current Middle East & Africa Omega-3 Products Market size?
The Middle East & Africa Omega-3 Products Market is projected to register a CAGR of 5.20% during the forecast period (2024-2029)
Who are the key players in Middle East & Africa Omega-3 Products Market?
Now Foods, Unilever, Windmill Health Products, Amway Corp and Herbalife Nutrition are the major companies operating in the Middle East & Africa Omega-3 Products Market.