Omega 3 Market Size, Share & Trends Report

Omega 3 Market Size, Share & Trends Analysis Report By Type (EPA, DHA, ALA), By Source (Marine, Plant), By Application (Supplements & Functional Foods), By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: 978-1-68038-079-8
  • Number of Pages: 125
  • Format: Electronic (PDF)

Research Methodology

A three-pronged approach was followed for deducing the omega 3 market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for omega 3 market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of omega 3 market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Omega 3 Market Categorization:

The omega 3 market was categorized into four segments, namely type (Docosahexaenoic acid, Eicosapentaenoic acid, Alpha-linolenic acid, Docosapentaenoic acid), source (Marine Source, Plant Source), application (Supplements & Functional Foods, Pharmaceuticals, Infant Formula, Animal Feed & Pet Food) and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The omega 3 market was segmented into type, source, application and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The omega 3 market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into nineteen countries, namely, the U.S.; Canada; Mexico; Germany; the UK.; France; Spain; Italy; Norway; The Netherlands; China; India; Japan; Australia; New Zealand; Brazil; Argentina; UAE, South Africa.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Omega 3 market companies & financials:

The omega 3 market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Aker Biomarine Antarctic AS - Aker Biomarine Antarctic AS, a subsidiary of the Aker Group, specializes in supplying krill products abundant in omega-3 phospholipids. The company's krill harvesting vessels operate in the Antarctic and Saga Seas, while its tramper vessels are in La Manche. Aker Biomarine's krill products are renowned for their high eicosapentaenoic acid content, omega-3 fatty acids that are phospholipid-bound, and docosahexaenoic acid. The company has penetrated various markets worldwide, including pet food, aquaculture, and nutritional supplements. It maintains a presence in the United States, Uruguay, Australia, China, and Norway.

  • Orkla - Orkla, formerly known as Axellus, is engaged in the production of cod liver oil. In 1990, Möller joined forces with Orkla. Orkla Health operates four factories in Løren, Oslo; Ålesund; Ishøy, Denmark; and Leknes, Lofote. The company specializes in the manufacturing of cod liver oil and fish oils. Additionally, Orkla owns a range of food and health brands, including Möller's, Maxim, Nutrilett, CuraMed, and Collett.

  • BASF SE - BASF SE is a multinational company with five primary business divisions: chemicals, performance products, functional materials & solutions, agricultural solutions, and oil & gas. Within its performance products segment, BASF SE provides dispersion and pigments, care chemicals, nutrition and health, and performance chemicals in the form of vitamins and food additives to various industries, including pharmaceuticals, personal care and cosmetics, and hygienic and household products. Furthermore, BASF SE is publicly traded on prominent stock exchanges worldwide, including the Frankfurt Stock Exchange, London Stock Exchange, and SIX Swiss Exchange.

  • Omega Protein Corporation - Omega Protein Corporation offers a diverse range of products, encompassing fish oils, fish meals, fish soluble, cod liver oil, flaxseeds, krill oil, black currant seed oil, coconut oil, borage seed oil, evening primrose oil, hempseeds, dairy proteins, and nutraceuticals. Primarily catering to the human nutrition sector, the company's omega-3 product line finds application in cod liver oil, flaxseeds, and krill oil. With an impressive production capacity of approximately 17,000 tons of omega-3 products, Omega Protein Corporation operates across 17 locations spanning the United States, the United Kingdom, Italy, and the Netherlands. Furthermore, the company has established valuable partnerships with Russell 2000 and Peer Group.

  • GC Reiber Oils - GC Reiber Oils provides an extensive selection of items, encompassing salts, pelts, emergency foods, and omega-3 concentrates. Their omega-3 product line offers a diverse range, such as VivoMega High EPA, VivoMega Balanced, VivoMega High DHA, and VivoMega Customized. The company operates approximately nine production units strategically located across Europe, Asia Pacific, and North America.

  • Lonza - Lonza offers a range of services to the pharmaceutical industry, including product development, detection systems, and chemical synthesis capabilities for the biosciences sector. The company operates in two primary business segments: Pharma & Biotech and Specialty Ingredients. Lonza provides various products to various consumers, such as active pharmaceutical ingredients, drinking water sanitizers, industrial preservatives, and microbial control solutions. These consumers include manufacturers, distributors, service companies, and consumer and health products industry formulators. The company's services are utilized in multiple industries, including bioresearch, consumer care, water treatment, agro ingredients, pharma & biotech, and industrial solutions. Lonza caters to various applications, such as drug discovery, nutrition, hygiene and personal care, endotoxin detection, and transfection. Lonza offers a variety of products, including assay solutions, primary and stem cell protocols, cytosmart systems, bioprocess systems, high-performance materials, and specialties. The company has a global presence in the U.S., France, Spain, New Zealand, Switzerland, South Africa, Columbia, the Netherlands, Hungary, Argentina, Japan, Denmark, Brazil, and India.

  • Croda International Plc - Founded in 1925 and headquartered in Snaith, UK, Croda International Plc is a leading manufacturer of specialty chemicals. The company's wide range of products and services caters to various industries, including coating & polymers, personal care, health & crop care, geo technologies, industrial chemicals, lubricants, and polymer additives. Croda serves diverse specialties such as health & beauty, plastics, and engine lubricants. With three core sectors, namely personal care, life sciences (crop & healthcare, industrial chemicals), and performance technologies, the company offers three natural flavors of highly concentrated Omega-3 enriched with EPA and DHA ingredients that provide numerous health benefits. These Omega-3 products are available in convenient sachets and spoon servings, making them suitable for children and adults.

  • Epax - Epax, the renowned brand of concentrated omega-3 fatty acids, operates in various regions, including North America, South Korea, the Nordic regions, France, Spain, Germany, Austria, Switzerland, Italy, Japan, and Thailand. With a commitment to delivering high-quality EPA/DHA ingredients for Omega-3 products, Epax caters to both the nutraceutical and pharmaceutical sectors. As a subsidiary of the Pelagia Group, a global provider of pelagic fish products for human consumption, Epax ensures its offerings are distributed internationally as B2B dietary supplements. The growing prevalence of health-related concerns and modern lifestyles has significantly amplified the demand for omega-3 products worldwide. Epax focuses on three crucial elements in the omega-3 market: ALA (alphalinoleic acid), EPA (eicosapentaenoic acid), and DHA (docosahexaenoic acid), which are essential for overall well-being. By providing naturally occurring nutrients in the form of dietary supplements, Epax plays a vital role in promoting human health.

  • BioProcess Algae, LLC - BPA, also known as BioProcess Algae, LLC, serves various industries such as animal feed, nutraceuticals, fish feed, chemicals, and fuel. Its product portfolio includes animal feed, bioplastics, diesel ethanol, fertilizers, gasoline, jet fuel, nutritional supplements, sustainable chemicals, and numerous other everyday items. Operating on a significant commercial level, the company specializes in the development and construction of grower harvester bioreactors. These innovative systems facilitate the efficient conversion of CO2 and sunlight into valuable microbial biomass, which is then utilized for oil extraction in various markets.

  • DSM - DSM, a publicly traded company, has its stocks listed on Euronext Amsterdam N.V. DSM serves various industries, including food and beverage, dietary supplements, animal feed, personal care, automotive, medical devices, life protection, paints, alternative energy, electrical and electronics, and bio-based materials. Koninklijke DSM N.V. is renowned for its global presence in producing essential nutrients like carotenoids, vitamins, nutritional lipids, and other ingredients. Its products are supplied to industries such as animal feed, pharmaceuticals, food and beverage, and personal care. The company offers a diverse range of omega-3 products in its nutritional lipids segment, including life's DHA, life's Omega, and Omega-3 EPA/DHA. DSM has a widespread production network with approximately 115 manufacturing facilities spread across 49 countries in Africa, Asia, Oceania, and Europe.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Omega 3 Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2023, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Omega 3 Market Report Assumptions:

  • The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

What questions do you have? Get quick response from our industry experts. Request a Free Consultation



This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.



We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

Contact us now to get our best pricing.

esomar icon

ESOMAR certified & member


ISO Certified

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.

great place to work icon