Omega-3 Concentrates Market is expected to reach US$ 2,703.20 Mn by 2027

Growing Awareness among the Consumers Regarding the Health Benefits of Omega-3 Concentrates To Escalate Omega-3 Concentrates Market Growth

According to our latest market study on “Omega-3 Concentrates Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Form (Oil and Powder), Source (Fish, Algae, Calamari, Krill, and Others), Type (Triglyceride (TG), Ethyl Ester (EE), and Phospholipids (PL)), Concentration (High DHA, High EPA, and Balanced EPA-DHA), and End Use (Food and Beverages, Dietary Supplements, Pharmaceuticals, Infant Formula, Personal Care and Cosmetics, and Others),” the market was valued at US$ 1,635.39 million in 2019 and is projected to reach US$ 2,703.20 million by 2027; it is expected to grow at a CAGR of 6.6% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players, along with their developments, in the market.

Omega-3 concentrates refer to highly concentrated oils comprising the EPA and DHA that sum up more than 50%. These concentrates are obtained from omega-3 rich fats processed to have EPA or DHA in higher concentrations. The omega-3 concentrates are mainly derived from oils such as fish oil, calamari oil, and algal oil. These concentrates are also available in powdered forms and find their application in dietary supplement manufacturing and are also used as a pharmaceutical-grade component. The plethora of health benefits and attributes offered by omega-3 concentrates are the key factors driving the omega-3 concentrates market. However, the lack of awareness and a wide gap between the usage and awareness restricts the profitable growth of the omega-3 concentrates market.

Surging demand for omega-3 concentrates is attributed to the rise in awareness among consumers regarding the health benefits of 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 lower the risk of heart disease and are used along with exercise and diet to reduce triglyceride levels and increase HDL cholesterol levels. Increased level triglyceride in the blood promotes arteriosclerosis development, which eventually increases the risk of cardiovascular disease.

Moreover, omega-3 concentrates aids in reducing depression and anxiety, improves eye health, reduces the symptoms of metabolic syndrome, fights inflammation, helps prevent cancer risks, and offers various other health benefits. Further, the rising incidence of cardiovascular diseases, cancer, and other similar health issues has also augmented the demand for omega-3 concentrates worldwide.

BASF SE; AlaskOmega; Golden Omega S.A.; K Pharmtech Co., Ltd; DSM Nutritional Products AG; Nordic Naturals, Inc.; Epax Norway; Norwegian Fish Oil; GC Rieber VivoMega; and Australian Omega Oils Pty. Ltd. are among the well-established players in the omega-3 concentrates market.

Impact of COVID-19 Pandemic on Omega-3 Concentrates Market

COVID-19 first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. As of January 2021, the US, Brazil, India, Russia, South Africa, and Mexico, among others, are some of the worst-affected countries in terms of confirmed cases and reported deaths. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global food & beverages industry is one of the significant sectors suffering severe disruptions such as supply chain breaks, technology events cancellations, office shutdowns, etc., as a result of this outbreak. Several companies have already announced possible delays in product deliveries and slump in future sales of their products. Besides, the global travel bans imposed by countries in Europe, Asia, and North America are affecting business collaborations and partnership opportunities. All these factors are expected to affect the food & beverage industry negatively and thus act as a restraining factor for the growth of various markets related to this industry in the coming months.

Geographic Overview of Omega-3 Concentrates Market

---

Omega-3 Concentrates Global Market - Industry and Forecast to 2027

Download Free Sample

---

Omega-3 Concentrates Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Form (Oil and Powder), Source (Fish, Algae, Calamari, Krill, and Others), Type (Triglyceride (TG), Ethyl Ester (EE), and Phospholipids (PL)), Concentration (High DHA, High EPA, and Balanced EPA-DHA), and End Use (Food and Beverages, Dietary Supplements, Pharmaceuticals, Infant Formula, Personal Care and Cosmetics, and Others)

The report includes the segmentation of the global omega-3 concentrates market as follows:

• Oil
• Powder

• Fish
• Algae
• Calamari
• Krill
• Others

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

• High DHA
• High EPA
• Balanced EPA-DHA

• Food and Beverages
• Dietary Supplements
• Pharmaceuticals
• Infant Formula
• Personal Care and Cosmetics
• Others

Omega-3 Concentrates Market, by Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Russia
  • Rest of Europe
• Asia Pacific (APAC)
  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Middle East &Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East &Africa
• South America
  • Brazil
  • Argentina
  • Rest of South America