Omega-3 Concentrates Market Size, Trends and Growth Analysis by 2027

The global market for omega-3 concentrates was valued at approximately US$ 1,635.39 million in 2019 and is anticipated to grow to US$ 2,703.20 million by 2027, reflecting a compound annual growth rate (CAGR) of 6.6% from 2020 to 2027.

Omega-3 concentrates are defined as oils that are highly concentrated in eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), with their combined content exceeding 50%. These concentrates are derived from omega-3-rich fats that undergo processing to enhance the levels of EPA and DHA. The primary sources of omega-3 concentrates include fish oil, calamari oil, and algal oil. Additionally, these concentrates can be found in powdered forms and are utilized in the production of dietary supplements as well as pharmaceutical-grade products. The extensive health benefits associated with omega-3 concentrates are significant drivers of market growth. However, a notable challenge remains the lack of awareness among consumers, which creates a gap between potential usage and actual consumption, hindering the market's profitable expansion.

In emerging economies across regions such as Asia Pacific, Middle East, Africa, and South America, rising disposable incomes are contributing to market growth. Consumers in these areas are increasingly investing in dietary supplements and health foods, driven by improved lifestyles and financial capabilities. Furthermore, key players in the omega-3 concentrates supply chain are implementing various strategies to enhance awareness of the health benefits linked to omega-3-rich diets, positively impacting sales in developing regions. Manufacturers are also introducing gluten-free and non-GMO omega-3 concentrates to cater to diverse consumer preferences. For example, Solgar Inc. provides non-GMO omega-3 fish oil concentrates that are free from gluten, wheat, and dairy. Consequently, product launches that appeal to a wide range of consumers are further propelling market growth.

The omega-3 concentrates market is categorized by form into oil and powder segments. In 2019, the oil segment was the dominant player in the market. Omega-3 concentrates are primarily extracted from omega-3-rich oils that are processed to achieve higher concentrations of EPA and/or DHA. Fish oil, in particular, is recognized as the most abundant and cost-effective source of EPA and DHA, containing a diverse array of fatty acids. Fish oil is a highly valued industrial product due to its rich content of long-chain omega-3 polyunsaturated fatty acids (PUFAs), such as DHA and EPA, which are esteemed for their preventive and therapeutic properties in nutrition and health. The demand for highly concentrated omega-3 fatty acid fish oils for both pharmaceuticals and dietary supplements is on the rise.

Geographically, the omega-3 concentrates market is divided into North America, Europe, Asia Pacific (APAC), South America, and Middle East & Africa (MEA). In 2019, North America held the largest share of the global omega-3 concentrates market, followed by Asia Pacific and Europe. The North American market includes several developed economies, such as the United States, Canada, and Mexico. The demand for omega-3 concentrates in this region is expected to rise as consumers increasingly recognize the importance of EPA and DHA in their diets, particularly in light of the growing prevalence of lifestyle-related health issues. The incorporation of EPA and DHA into food products, dietary supplements, and clinical nutrition is further driving market growth in North America. Omega-3 oils are essential fatty acids that offer numerous health benefits, including support for eye, cardiovascular, and brain health, leading to their widespread use in various applications such as infant nutrition, dietary supplements, and functional foods.

In contrast, the Asia Pacific region is projected to experience the fastest CAGR during the forecast period, primarily due to a shift in consumer preferences towards healthier diets that include omega-3 ingredients. The increasing use of fish oil in Southeast Asia is expected to significantly boost the omega-3 concentrates market in this region.

The COVID-19 pandemic, which began in Wuhan, China, in December 2019, has had a profound impact globally. As of January 2021, countries such as the United States, India, Brazil, Russia, United Kingdom, France, Spain, Italy, Turkey, and Germany were among the most affected in terms of confirmed cases and fatalities. The World Health Organization reported approximately 99,864,391 confirmed cases and 2,149,700 deaths worldwide. The pandemic has disrupted economies and industries due to lockdowns, travel restrictions, and business closures, significantly affecting the global food and beverage sector, which in turn has impacted the omega-3 concentrates market.

Key players in the global omega-3 concentrates market include BASF SE, AlaskOmega, Golden Omega S.A., K Pharmtech Co., Ltd., DSM Nutritional Products AG, Nordic Naturals, Inc., Epax Norway, Norwegian Fish Oil, GC Rieber VivoMega, and Australian Omega Oils Pty. Ltd..

The overall size of the global omega-3 concentrates market has been determined through a combination of primary and secondary research methods. The research process began with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. Additionally, numerous primary interviews were conducted with industry participants and experts to validate the findings and gain deeper analytical insights. Participants typically included industry professionals such as VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants, valuation experts, research analysts, and key opinion leaders specializing in omega-3 concentrates.