Omega Ingredients Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.20 % |
| Fastest Growing Market | South-East Asia |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Omega Ingredients Market Analysis
Omega ingredients market is projected to grow at a CAGR of 8.20% during the forecast period (2020-2025).
- Omega fatty acids, including omega-3, omega-6, and omega-9 are dietary constituents that have a major influence on human health. Omega fatty acids have received a great amount of research attention in the past decade as a nutritional food supplement.
- New sources of omega-3 algae are hitting the headlines recently. Microalgae, a source rich in omega-3 and beta-carotene, has gained immense popularity among manufacturers as a sustainable source of food and fuel.
- Algae omega ingredients play a key role to drive the overall market growth due to the growing demand for algae omega in infant food fortification, as they provide benefits similar to that of fish oil but have no off-odor or taste.
Omega Ingredients Market Trends
This section covers the major market trends shaping the Omega Ingredients Market according to our research experts:
Fish is the Prominent Source of Omega Ingredients
Fish source dominates the market share owing to low cost, lack of taste or smell, the convenience of use, and mild side effects, fish oil supplementations are an inexpensive, quick, and safe way of increasing an individual's omega-3 fatty acid intake, as well as for deriving omega ingredients. Cold-water fish has the highest amount of DHA and EPA, the two fatty acids closely linked to heart health. The American Heart Association recommends at least two servings per week of salmon, tuna, herring, lake trout, sardines, or similar fatty fish. According to a study conducted by the US National Institutes of Health in 2018, people with low risk of cardiovascular disease should consume fatty fish regularly to maintain the omega-3 requirement. The people who do not like fish or are allergic can opt for supplements that are not more than 1 g per day and should look for a combination of EPA-DHA, with a proper quality approval seal on the pack from US Pharmacopeia, NSF International, or ConsumerLab.com
North America Dominates the Market Share
The United States omega ingredients market is driven by innovations in the products as well as technology. The leading players are continuously investing in technological advancement, in order to get improved omega ingredient for its wider application. In October 2016, DSM launched a new process technology, 3 C technology. The technology aids the manufacturers to produce highly concentrated ingredient (up to 85%). It also provision the manufacturers the facility of customizing the combinations of EPA and DHA for its application in pharmaceutical and dietary supplements. Due to the high demand for omega ingredients, the R&D sector is pacing fast, in order to produce a better product in the market. In November 2018, ADM has expanded its high-quality product line by launching algal omega-3 powder, which will be beneficial for the product developers who are seeking ingredients that support cognitive, heart, and eye health.
Omega Ingredients Industry Overview
The global Omega ingredients market is highly fragmented, and key players, such as DSM, Corbion, BASF, and ADM, are facing fierce competition from local/domestic players across regions. The most notable point to be observed in the global Omega ingredients market is the effect of the strategic mergers, acquisitions, partnerships, and investments. Most of the global players, such as ADM, Corbion, Omega Protein Corporation, BASF, Cellana Inc. and Polaris SA, are focusing on partnerships and expansions to increase their market shares and consumer bases, in various regions. Cellana Inc. acquired TerraVia and 44.9% stake in Bunge's' SB Renewable Oils to gain a competitive advantage in the market by increasing its commercial production facility of algae Omega-3 ingredients, primarily algal oil.
Omega Ingredients Market Leaders
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Koninklijke DSM NV
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BASF SE
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Polaris SA
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Archer Daniels Midland Company
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Corbion NV
*Disclaimer: Major Players sorted in no particular order
Omega Ingredients Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
- 3.1 Market Overview
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Source
- 5.1.1 Fish
- 5.1.2 Algae
- 5.1.3 Plant
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5.2 By Type
- 5.2.1 Omega-3
- 5.2.2 Omega-6 & Omega-9
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5.3 By Application
- 5.3.1 Food and Beverage
- 5.3.2 Dietary Supplements
- 5.3.3 Pharmaceutical
- 5.3.4 Animal Nutrition
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5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.1.4 Rest of North America
- 5.4.2 Europe
- 5.4.2.1 Spain
- 5.4.2.2 United Kingdom
- 5.4.2.3 Germany
- 5.4.2.4 France
- 5.4.2.5 Italy
- 5.4.2.6 Rest of Europe
- 5.4.3 Asia Pacific
- 5.4.3.1 China
- 5.4.3.2 Japan
- 5.4.3.3 India
- 5.4.3.4 Australia
- 5.4.3.5 Rest of Asia-Pacific
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle East and Africa
- 5.4.5.1 South Africa
- 5.4.5.2 Saudi Arabia
- 5.4.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategies Adopted By Leading Players
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 The Archer Daniels Midland Company
- 6.3.2 Koninklijke DSM NV
- 6.3.3 Polaris SA
- 6.3.4 Corbion NV
- 6.3.5 BASF SE
- 6.3.6 AlgaeCytes
- 6.3.7 Cellana Inc.
- 6.3.8 BioProcess Algae LLC
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityOmega Ingredients Industry Segmentation
The global omega ingredients market is segmented by source, product type, application, and geography. By source, the market studied is segmented into fish, algae, and plants. By product type, the market studied is segmented into omega-3 and omega-6 and omega-9. By application, the market studied can be segmented into food and beverage, dietary supplements, pharmaceuticals, and animal nutrition. Furthermore, the report also takes into consideration the market for omega ingredients in established and emerging economies, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Omega Ingredients Market Research FAQs
What is the current Omega Ingredients Market size?
The Omega Ingredients Market is projected to register a CAGR of 8.20% during the forecast period (2024-2029)
Who are the key players in Omega Ingredients Market?
Koninklijke DSM NV, BASF SE , Polaris SA , Archer Daniels Midland Company and Corbion NV are the major companies operating in the Omega Ingredients Market.
Which is the fastest growing region in Omega Ingredients Market?
South-East Asia is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Omega Ingredients Market?
In 2024, the Asia Pacific accounts for the largest market share in Omega Ingredients Market.
What years does this Omega Ingredients Market cover?
The report covers the Omega Ingredients Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Omega Ingredients Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Omega Ingredients Industry Report
Statistics for the 2024 Omega Ingredients market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Omega Ingredients analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
