Global Omega-3 market is expected to reach 16034.84 million USD by the end of 2023

The global Omega-3 market is valued at 9618.22 million USD in 2016 and is expected to reach 16034.84 million USD by the end of 2023, growing at a CAGR of 7.57% between 2016 and 2023.

Publisher: QYResearch

Published Date: 2018/8/31

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.

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. Manufactures are limited by regional distribution of fish resources. This industry is mainly concentrated in areas which have rich aquatic resources.

The global Omega-3 market is valued at 9618.22 million USD in 2016 and is expected to reach 16034.84 million USD by the end of 2023, growing at a CAGR of 7.57% between 2016 and 2023.

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.

In the coming few years, global sales of omega-3 will continue to increase. In 2023, global sales may be 146575 MT. Omega-3 can be widely used in dietary supplements, fortified food and beverage, infant formula, pharmaceuticals, pet foods and other fields. With the development of economy, these industries will need more omega-3. So, omega-3 has a huge market potential in the future.

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