The global omega-3 concentrates market is anticipated to grow significantly, achieving a substantial CAGR of 7.5% to reach USD 5.3 billion by 2032, up from USD 2.4 billion in 2022. This growth is fueled by robust consumer spending on healthy foods and dietary supplements across developed and developing economies, driving increased demand for omega-3 concentrates in the foreseeable future.
Omega-3 concentrates, comprising predominantly DHA and EPA accounting for over 50%, are derived from omega-3 rich oils processed in advanced facilities to enhance their concentration of these beneficial compounds.
Available in both powder and oil forms, omega-3 concentrates are widely used by dietary supplement manufacturers for capsule production. They also serve as pharmaceutical-grade ingredients and find application in the food and beverage industry.
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The growth of the market is expected to be driven significantly by the emergence of new entrants. For example, in March 2022, Else Nutrition Holdings Inc. introduced a new nutrition drink called Else Toddler Omega, marking its debut in the toddler product segment enriched with Omega 3 fatty acids for brain and eye development. The launch of such innovative products is anticipated to further propel market expansion.
Growing awareness of the diverse health benefits associated with omega-3 concentrates is expected to fuel market growth. Additionally, increased consumer expenditure on health-conscious products due to improved lifestyles and higher disposable incomes is poised to drive sales of omega-3 concentrates in the foreseeable future.
Competitive Landscape
The global omega-3 concentrates market consists of some of the leading key players, including Australian Omega Oils Pty. Ltd., BASF SE, Epax Norway, K Pharmtech Co., Ltd., GC Rieber VivoMega, AlaskOmega Golden Omega S.A., Norwegian Fish Oil, Nordic Naturals, Inc., and DSM Nutritional Products AG among others.
The global market is highly fragmented with the presence of many large- and small-scale companies. Majority of these companies are focusing on mergers and acquisitions with local players to expand their geographic presence. A few other players are aiming to engage in collaborations and joint ventures with reputed firms to strengthen their positions and develop innovative products
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Key Segments Profiled in the Omega-3 Concentrates Industry Survey
By Form:
- Powder
- Oil
By Source:
- Krill
- Fish
- Calamari
- Algae
- Others
By Type:
- Triglyceride (TG)
- Ethyl Ester (EE)
- Phospholipids (PL)
By Concentration:
- High DHA
- High EPA
- Balanced EPA: DHA
By End Use:
- Food and Beverages
- Dietary Supplements
- Pharmaceuticals
- Nutraceuticals
- Infant Formula
- Personal Care and Cosmetics
- Pet Food
By Packaging:
- Drums
- Totes
By Region:
- North America
- Latin America
- Western Europe
- Easter Europe
- APEJ
- Japan
- Middle East & Africa Top of FormBottom of Form
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