Omega 3 Market Analysis, Growth Trends, and Segment Forecasts, 2012 to 2020

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Omega 3 Market Analysis, Growth Trends, And Segment

Forecasts, 2012 To 2020

The global market for omega 3 is expected to reach USD 7.32 billion by 2020. Growing consumer

awareness regarding the health benefits associated with omega 3 coupled with rising prevalence of

coronary heart diseases are expected to drive market demand over the next six years.

In addition, growing demand from emerging applications such as infant formulas and pharmaceuticals

would further boost the growth of the market over the next six years. Raw material procurement,

consumer perception with regards to fish oil and its smell and the lack of standardization in terms of

labeling and registration are expected to be key challenges for market participants in the near future.

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Functional foods were the largest application segment of omega 3 ingredients in 2013, accounting for

over 55% of the global demand. Infant formulas and pharmaceuticals were other key applications of

omega 3 and are expected to have a combined market of over 2.7 billion by 2020, growing at a CAGR of

16.9 % and 17.5% from 2014 to 2020, respectively. Increasing R&D in encapsulation technology offers

the market with growth opportunities over the next six years.

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Further key findings from the study suggest:

The global market for omega 3 ingredients was estimated to be 24.87 kilo tons in 2013, and is expected

to grow at a CAGR of 13.7% from 2014 to 2020.

Europe was the largest consumer of omega 3 ingredients in 2013, accounting for over 60% of global

consumption and is expected to maintain leadership position till 2020. North America was the second

largest consumer but is expected to lose share to emerging regions such as Asia Pacific and...