Fish Oil Omega-3 Market Forecast 2021 - 2026

Fish Oil Omega-3 Market size is estimated to reach $3,700 million by 2026, growing at a CAGR of 6.1% over 2021-2026. Omega-3 fatty acids are essential nutrients that are present in certain foods such as flaxseed and fish, as well as dietary supplements such as fish oil. It is also referred to as n-3s that contains carbon–carbon double bond located three carbons from the methyl end of the chain. There are several types of omega-3 fish oils 'such as alpha-linolenic acid (ALA), eicosapentaenoic acid (EPA), and docosahexaenoic acid (DHA) where EPA and DHA are considered as long chain omega-3s. The omega-3 fatty acids also present in Cod Liver Oil that come from the liver of cod fish which contain various health benefits. Various fish such as salmon and tuna are especially high in omega-3 fatty acids that contains docosahexaenoic Acid (DHA). Omega-3 acids such as EPA and DHA are found in fish oil supplements that help in reducing heart diseases. Growing awareness about the health among people and rising incidence of cardiovascular diseases is the major factor driving the growth of this market. Furthermore, increasing research and development activities in food and beverage industry and rising advancement in technology is set to further enhance the overall market demand for Fish Oil Omega-3 Market for the period 2021-2026. 

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Report Coverage

The report: “Fish Oil Omega-3 Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Fish Oil Omega-3 Market.

By Type: Eicosapentaenoic acid (EPA), and Docosahexaenoic acid (DHA), and Alpha-linolenic acid (ALA).

By Form: Soft Gels, and Liquid.

By Source: Anchovy, Mackerel, Sardines, Cod, Herring, Menhaden, and Others.

By Application: Pharmaceuticals, Food, and Personal Care.

By Geography: North America (U.S., Canada, Mexico), Europe (U.K, Germany, Italy, France, Spain, Russia, Rest of Europe), Asia Pacific (China, Australia, Japan, South Korea, India, Rest of Asia Pacific), South America (Brazil, Argentina, Others) and Rest of the World (Middle East, Africa).


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Key Takeaways

  • In 2020, North America dominated the Fish Oil Omega-3 Market owing to changing dietary pattern that increases the demand of fish oil supplements among consumers. Moreover, rising prevalence of heart diseases increases the consumption of fish oil omega-3 products which in turn driving the market growth.
  • Growing awareness about the health among people and rising incidence of cardiovascular diseases are enhancing the growth of the Fish Oil Omega-3 Market.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Fish Oil Omega-3 Market report.
  • Stringent regulation on fish oil omega-3 products is set to create hurdles for the Fish Oil Omega-3 Market.

  • Rising Incidence of Cardiovascular Diseases

    The incidence of cardiovascular disease increases owing to changing lifestyle patterns among consumers. According to World Health Organization (WHO), about 17.9 million people die every year owing to cardiovascular diseases that increases the demand of omega supplement among consumers in order to reduce the health diseases which further boosting the growth of Fish Oil Omega-3 Market over the period 2021-2026. 

    Covid-19 Impact:

     COVID-19 pandemic had greatly impacted the growth of Fish Oil Omega-3 Market. During pandemic, there is a lockdown that created a disruption in the manufacturing industries owing to less availability of human resources. Moreover, production capacity also decreases among manufacturers and are negatively impacted the growth of Fish Oil Omega-3 Market.   

    Fish Oil Omega-3 Market Challenges 

    Strict Government Regulations

    The factors that is set to impede the growth of the Fish Oil Omega-3 Market are the strict regulation for the approval of omega-3 supplements. Moreover, owing to regulation there is delay in manufacturing of products that is set to create hurdles for the Fish Oil Omega-3 Market. 

    Fish Oil Omega-3 Landscape 

    Product launches, acquisitions, collaboration, joint ventures, and geographical expansions are key strategies adopted by players in the Fish Oil Omega-3 Market. Fish Oil Omega-3 top 10 companies are Aker BioMarine, Axellus, BASF SE, DSM, Omega Protein Corporation, GC Reiber Oils, Wiley, Lonza, Natrol LLC, and Bionova.

    Development

    • In March 2020, Wiley launched its new formulations of a new omega-3 concentrate in powder form that helps consumers to get rid from various diseases which further rising the market growth. 

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