Middle East & Africa Omega 3 Concentrates Market Drivers and Forecasts by 2027

The Middle East & Africa omega 3 concentrates market was valued at US$ 69.31 million in 2019 and is projected to reach US$ 108.13 million by 2027; it is expected to grow at a CAGR of 5.8% during the forecast period.

Omega-3 concentrates are highly purified oils that offer DHA and EPA sufficient amounts. Convenience, along with health benefits, is propelling the demand for omega-3 concentrates. Omega 3 concentrate offers various health benefits to the consumers, including cardiovascular, eye, and brain health. Rising health consciousness among consumers furthers helps in market expansion. A large number of consumers are becoming familiar with the benefits of omega-3 concentrates. Nowadays, the populace worldwide is inclined towards a healthy lifestyle and is spending considerably on nutritional products. Omega-3 fatty acids help to reduce the risk of heart disease and are used along with exercise and diet to reduce the levels of triglyceride and to increase levels of HDL cholesterol. Increased level triglyceride in the blood promotes the development of arteriosclerosis, which eventually increases the risk of cardiovascular disease. Moreover, omega-3 concentrates aids in fighting depression and anxiety, improves eye health, reduces the symptoms of metabolic syndrome, fights inflammation, helps prevent cancer risks, and offers various other health benefits. These health benefits are attracting consumers to the omega-3 concentrates market. Furthermore, the rising incidence of cardiovascular diseases, cancer, and other similar health issues has also augmented the demand for omega-3 concentrates in Middle East & Africa.

The COVID-19 pandemic first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. As of February 2021, South Africa, Saudi Arabia and UAE are among the worst-affected countries in terms confirmed cases and reported deaths. The pandemic has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdowns of food and beverages industry and disruptions in supply chains due to lockdown of countries has created a strain on the supplies of the various products offered by this industry. In Middle East & Africa, South Africa is the worst-hit country by the COVID–19 outbreak. Owing to this pandemic, the Middle East & African food and beverages has witnessed an abrupt downturn in several major countries. The food and beverages industry in Middle East & Africa suffered its one of the biggest drops in activities after the restaurants and food centers were closed, and the supply of food products and workers were disrupted due to the pandemic. The drop in the demand for various food products in the region has directly affected the sales of the omega-3 concentrates products in Middle East & Africa.

Middle East & Africa Omega 3 Concentrates Market

Market Insights

Increased Demand for Omega-3 Concentrates from End-User Segments

Omega-3 is highly used in the production of infant formula, food and beverages, dietary supplements, and others. Increased application of omega-3 concentrates on infant formula has significantly influenced the market expansion. Omega-3 is a vital building block for the development and maturation of an infant's brain and retina. Developing countries such as US and Canada are estimated as the largest consumers of infant formula products in Middle East & Africa, attributed to high birth rates in the countries. Similarly, the rising trend of healthy aging is also increasing the application of omega-3 concentrates in food and beverages. The life expectancy of the populations worldwide is increasing, which further stimulates the need for healthy aging. The consumption of nutritious food and beverages reduces the risk of chronic diseases and promotes good physical and mental function. The geriatric population in countries such as Japan are increasing tremendously. Moreover, omega-3 also offers various benefits to the skin, including acne prevention, protection against sun damage, and fight red, dry, or itchy skin caused by skin disorders such as atopic dermatitis and psoriasis. These properties of omega-3 expand its application in personal care and cosmetic products. Thus, the factors mentioned above are positively influencing the market and are propelling the omega-3 concentrates market growth.

Form Insights

Based on form, the omega 3 concentrates market is segmented into oil and powder. In 2019, the oil segment dominated the market. The omega-3 concentrate is a highly concentrated oil that contains EPA and DHA with a sum concentration of more than 50%. Omega-3 concentrates are majorly obtained from omega-3 rich oils that are further processed to obtain a higher EPA and/or DHA concentration. These can be obtained from several omega-3 rich oils such as alga oil, fish oil, calamari oil, etc. The richest and the cheapest source of EPA/DHA is fish oil. Fish oil contains 30-60 different fatty acids. Fish oil is an industrial product of high nutritional value due to its content of long-chain omega-3 polyunsaturated fatty acids (PUFA), such as Docosahexaenoic acid (DHA), and Eicosapentaenoic acid (EPA), which are currently extremely valued for their prophylactic and therapeutic properties in nutritional and health fields. Moreover, the market for highly concentrated omega-3 fatty acid fish oils for pharmaceuticals and supplements is growing.

Middle East & Africa Omega 3 Concentrates Market, by Form – 2019 and 2027

Source Insights

Based on source, the omega 3 concentrates market is segmented into fish, algae, calamari, Krill and others. In 2019, the fish segment dominated the market. Fish are the primary food source of EPA and DHA. Fish oil is mainly derived from oily fish tissues containing omega-3 fatty acids docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA), precursors of certain eicosanoids known to improve hypertriglyceridemia and lessen inflammation in the body. More than 50% of the world's fish oil used in aquaculture feed is fed to farmed salmon. The most extensively available EPA and DHA dietary source is cold-water oily fish, such as salmon, anchovies, mackerel, and sardines. Fish oil has become a prevalent supplement because of its documented cardiovascular and ocular health benefits. Most health benefits from fish oil consumption are connected with the long-chain omega-3 fatty acids, EPA and DHA.

Concentration Insights

Based on concentration, the omega 3 concentrates market is segmented into high DHA, high EPA and balanced EPA-DHA. In 2019, the high DHA segment dominated the market. DHA (docosahexaenoic acid) is an omega-3 fatty acid usually found in the meat of cold-water fish such as tuna, mackerel, salmon, cod liver, whale blubber, and others. It can also be found in algae. DHA reduces heart disease risk, improves attention deficit hyperactivity disorder, reduces the risks of early preterm births, and fights inflammation. It is also used for improving infant and child development and is commonly used as a supplement for premature babies. Pregnant women are advised to take prenatal supplements, which contain 200mg to 300mg of DHA owing to its benefits on brain development. Various studies state that DHA supplementation during pregnancy helps in neurological development in infants. It is a vital ingredient in infant formula for brain development. Furthermore, research published on Critical Reviews in Food Science and Nutrition in 2019 reveals that high DHA levels at birth are linked with better childhood neurodevelopmental health.  

Type Insights

Based on type, the omega 3 concentrates market is segmented into triglyceride (TG), ethyl ester (EE), and phospholipids (PL). In 2019, the triglyceride segment dominated the market. Triglycerides are formed of three fatty acids bound to a glycerol backbone. This is the molecular form which builds up virtually all oils and fats in plant and animal species. Unrefined fish oil comprises TGs with differing amounts of DHA and EPA. The commercially available TG forms usually undergo processing and purification by numerous methods. During the process, the glycerol backbone of triglycerides is removed from DHA and EPA, and some shorter chain fatty acids are taken out. Furthermore, fish oil in the triglyceride form proposes numerous advantages over ethyl ester fish oil. The triglyceride oils are the molecular form found naturally in fish. A triglyceride fish oil is metabolized and absorbed more efficiently than oil in the ethyl ester form.

End Use Insights

Based on end use, the omega 3 concentrates market is segmented into food and beverages, dietary supplements, pharmaceuticals, infant formula, personal care and cosmetics and others. In 2019, the dietary supplements segment dominated the market. Omega 3 dietary supplements, when combined with regular exercise, helps in enhancing cardiovascular and metabolic health. Nowadays, consumers are spending significantly on dietary supplement products that contain fish oils, vitamins, minerals, and other ingredients. Dietary supplements can be purchased without the consultation of physician. Growing awareness among consumers to reduce the risk of illness and maintain their health favors the segment growth. In the U.S, guidelines recommend a combined EPA and DHA intake of between 250 and 500 mg per day. However, people in the U.S consume less amount of omega-3 through food. The average intake of DHA and EPA from food sources is approximately 90 mg in adults. The deficiency of omega-3 is resulting in cardiovascular diseases in humans. Hence, consumers are taking dietary supplements to overcome the deficiency, and due to omega-3 concentrates, consumers can take a fewer amount of supplements and get adequate nutrition. Fish oil, krill oil, algal oil, and cod liver oil are some of the dietary supplements rich in EPA and DHA.

Middle East & Africa Omega 3 Concentrates Market: Strategic Insights

Key players present in the Middle East & Africa omega 3 concentrates market include BASF SE; AlaskOmega; Golden Omega S.A.; DSM Nutritional Products AG; Nordic Naturals, Inc.; Epax Norway and Norwegian Fish Oil. These companies are implementing new product developments and mergers and acquisitions to enlarge the customer base and gain significant market share across the world, which, in turn, permit the players to maintain their brand name in Middle East & Africa.

Report Spotlights

• Progressive industry trends in the Middle East & Africa omega 3 concentrates market that help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the Middle East & Africa omega 3 concentrates market from 2017 to 2027
• Estimation of Middle East & Africa omega 3 concentrates demand across various industries
• PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
• Recent developments to understand the competitive market scenario and Middle East & Africa omega 3 concentrates demand
• Market trends and outlook, and factors driving and restraining the growth of the Middle East & Africa omega 3 concentrates market
• Understanding of strategies that underpin commercial interest with regard to the market growth

• Middle East & Africa omega 3 concentrates market size at various nodes of market
• Detailed overview and segmentation of the market, as well as its industry dynamics
• Middle East & Africa omega 3 concentrates market size in various regions with promising growth opportunities in the respective regions

Middle East & Africa Omega 3 Concentrates Market, byForm

• Oil
• Powder

Middle East & Africa Omega 3 Concentrates Market, by Source

• Fish
• Algae
• Calamari
• Krill
• Others

Middle East & Africa Omega 3 Concentrates Market, by Type

• Triglyceride (TG)
• Ethyl Ester (EE)
• Phospholipids (PL)

Middle East & Africa Omega 3 Concentrates Market, by Concentration

• High DHA
• High EPA
• Balanced EPA-DHA

Middle East & Africa Omega 3 Concentrates Market, by End Use         

• Food and Beverages
• Dietary Supplements
• Pharmaceuticals
• Infant Formula
• Personal care and cosmetics
• Others

Company Profiles

• BASF SE
• AlaskOmega
• Golden Omega S.A.
• DSM Nutritional Products AG
• Nordic Naturals, Inc.
• Epax Norway
• Norwegian Fish Oil

Middle East & Africa Omega 3 Concentrates Market Players Density: Understanding Its Impact on Business Dynamics

The Middle East & Africa Omega 3 Concentrates Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.