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Pulished Date April, 2021
ID: 9763
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Asia Pacific Omega-3 Market by Type (ALA, EPA, and DHA), Application (Pet Food & Feed, Infant Formula, Pharmaceuticals, Functional Foods & Beverages, and Dietary Supplements), Source (Plant and Marine), By Country – Regional Industry Size, Share, Value, Volume and Global Key Players Analysis Forecast Report 2021-2026

Pulished: April, 2021
ID: 9763
Pages: 140

Asia Pacific Omega-3 Market Size Share Value Analysis 2021-2026

Asia Pacific Omega-3 Market was calculated at USD xx billion in 2019 and is foreseen to develop up to USD xx billion by the end of 2026 with a considerable growth rate over the conjecture period 2021-2026. Omega-3s are a family of fats important for health, which are divided into alpha-linolenic acid, eicosapentaenoic acid, and docosahexaenoic acid. The human body cannot prepare ALA (alpha-linolenic acid), so it must be consumed. EPA (eicosapentaenoic acid) and DHA (docosahexaenoic acid) are long-chain fats that can be made from ALA in our bodies. 

Increased investments by various companies to improve manufacturing capacity, strengthen R&D activities for the production of new products, increase the demand for the production of infant formulas for development and better infant growth, and increase adoption of Omega-3 fatty acids in the animal feed industry to provide improved performance are important factors that are expected to contribute to the growth of the Asia Pacific Omega-3 market during the forecast period 2021-2026. Excessive consumption of omega-3 leads to gastrointestinal diseases such as diarrhea, fish breath, upset stomach, and nausea, which are major factors holding back the growth of the Asia Pacific Omega-3 market.

Market Drivers and Restraints:

Increased investments by various companies to improve manufacturing capacity, strengthen R&D activities for the production of new products, increase the demand for the production of infant formulas for development and better infant growth, and increase adoption of Omega-3 fatty acids in the animal feed industry to provide improved performance are important factors that are expected to contribute to the growth of the Omega-3 market in the Asia Pacific region, during the outlook period. The importance of omega-3s in infant nutrition in the Asia-Pacific region is unprecedented; and as a result, there is a high demand for omega-3 products.

This growing demand for infant nutrition is driving the omega-3 market in the Asia-Pacific, underpinned by the health attributes it offers for prenatal and postnatal care. China and India are the world's largest consumers of infant formula, due to high birth rates in the countries. China accounted for around a third of the infant formula market in 2015, while infant formula is also the largest food segment, where the average annual delivery exceeds 25 million children.

However, excessive consumption of omega-3 leads to gastrointestinal diseases such as diarrhea, fish breath, upset stomach, and nausea, which are major factors holding back the growth of the Asia Pacific Omega-3 market. The cost of fish and other marine oils used to extract omega-3s is high and highly unstable. This factor poses a challenge to the growth of the local market. Fluctuating raw material prices negatively affects the omega-3 market. The sudden increase in the prices of these raw materials is due to the increase in the cost of aquaculture.

Food is the main input for aquaculture, and food prices are continually changing due to the high cost of maintaining aquaculture. The cost of imported or purchased fish also increases considerably. Increasing manpower, energy and energy costs and restrictions on deep-sea fishing further slow down the growth of the industry. Therefore, the increase in the prices of raw materials creates a challenge for the growth of the Asia Pacific omega-3 market.

: Asia Pacific Omega-3 Market Report overview:

Metrics Details
Market Size Available 2021-2026
Market CAGR 9.3% during the forecast 2021-2026
Market Segmentation          By Type, By Source, and By Application
Market Drivers
  1. Increased demand in functional foods and medications for Omega-3
  2. Boost user profiling and new markets for existing applications
  3. Public understanding and emphasis on preventive medicine of the health benefits of omega-3
Market Restraints
  1. Fisheries conservation concerns lead to low fish oil production
  2. Raw material competition and smaller catch quotas are raising the price of fish oil
  3. The high initial cost of installation

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Impact of COVID-19 on Asia Pacific Omega-3 Market

The coronavirus pandemic has had a significant impact on the food sector worldwide, including all stages of the supply and value chain of various industries. Food and beverages are among the industries that are currently experiencing adverse effects of this pandemic. Production, distribution, and inventory levels across the spectrum of the food and beverage industry are expected to be affected. The affected workforce on farms, food and beverage production and processing plants, and the distribution network are analyzed to risk promoting the COVID-19, which can occur during various coordination activities. There is also a potential risk that the virus will spread through outbound products, leading to food security problems, when a trade occurs between geographic areas and different stages of the supply chain, resulting in a shortage of manpower working.

Market Segmentation:

The market segmentation for Asia Pacific Omega-3 has been divided into type, source, and application. Depending on the type, the market is divided into eicosapentaenoic acid (EPA), docosahexaenoic acid (DHA), and alpha-linolenic acid (ALA). The combination of DHA and EPA helps reduce bad cholesterol and coronary heart disease such as stroke and blood pressure, which, in turn, should boost the growth of these segments. In this sense, the higher incidence of heart disease in individuals due to an unhealthy lifestyle is likely to fuel the demand for Omega-3. Due to increased aquaculture activities, mainly in the Asia Pacific. The abundant availability of agricultural land and favorable climatic conditions should stimulate the demand for foods containing Omega-3.

In terms of application, the Asia Pacific Omega-3 market is divided into functional foods and supplements, pharmaceuticals, instant formulas, pet food, and more. The functional foods and supplements segment dominated the industry in 2019 due to the various health benefits of omega-3 fatty acids, rising R&D initiatives, and rising healthcare costs. The increasing use of dietary supplements to maintain fitness and nutrient adequacy in adults should increase Omega-3 consumption in dietary supplements. Supplements and functional foods are consumed primarily to ensure the supply of important nutritional components for the human body. The increase in the number of cardiovascular diseases due to the slow and inactive lifestyle, especially in the age group of 30 to 40 years, and fluctuating diets are the factors that should drive the importance of Omega-3 nutraceutical products in the market in the coming years.

Depending on the source, the omega-3 industry falls into two categories, namely marine sources, and plant sources. In terms of revenue, the marine source of Omega-3 fatty acids accounted for an 82.5% share in 2019 and should experience significant growth during the forecast period. Demand for marine products is fueled by growing consumer interest in Omega-3 fatty acids extracted from fish and krill oils. Increased consumption of Omega-3s in the form of fortified food products, such as fish ham and fish sausages, should stimulate the segment in the coming years. Furthermore, increasing awareness of consuming high triglycerides is expected to drive demand for omega-3 fortified foods.

Regional Analysis:

The Asia Pacific Omega-3 market has been divided by geography into China, Taiwan, South Korea, India, Japan, Australia, and New Zealand, and the rest of the Asia-Pacific. Asia-Pacific is supposed to experience considerable growth over the forecast period due to the growing demand for products in the countries mentioned above. The increased consumption of fish oil in the daily diet, as well as greater health awareness, increases the demand for Omega-3 in this region. Furthermore, the growing cultivation of krill in the South China Sea and the Indian Ocean should boost the growth of the regional market in the coming years.

Leading Company

Cargill Inc. had the largest share of the Asia Pacific Omega-3 Market in terms of sales and revenue in 2019.

Recent Developments

  1. In October 2019, KD Pharma introduced Kardio3, which is a blend of omega-3s, vitamin K2, and phytosterols. It helps maintain healthy lipids and supports heart and bone health.
  2. In September 2019, Polaris introduced Omegavie DHA 700 algae Sensory QualitySilver, which is supposed to aid the company in the omega-3 algae sector. The product is mainly concentrated in DHA and also contains excellent organoleptic properties.
  3. In September 2019, Epax is planning to make funding of $ 35 million in the next two years for implementing new developments in the omega-3 sector. This investment will allow Epax to have better capacity in the omega-3 sector at its main production site in Norway.
  4. In May 2019, KD Pharma acquired a manufacturing site in the United Kingdom to increase its omega-3 supplement manufacturing capacity.

Key Players:

  1. Cargill
  2. Pharma Marine AS
  3. Luhua Biomarine (Shandong) Co., Ltd.
  4. GC Rieber Oils
  5. Omega Protein Corporation
  6. OLVEA Fish Oils
  7. Royal DSM
  8. Croda International Plc
  9. FMC Corporation

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 DHA           

                                5.1.3 EPA            

                                5.1.4 ALA            

                                5.1.5  Y-o-Y Growth Analysis, By Type    

                                5.1.6  Market Attractiveness Analysis, By Type  

                                5.1.7  Market Share Analysis, By Type    

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Dietary Supplements          

                                5.2.3 Functional Foods and Beverages   

                                5.2.4 Pharmaceuticals   

                                5.2.5 Infant Formula      

                                5.2.6 Y-o-Y Growth Analysis, By Application         

                                5.2.7 Market Attractiveness Analysis, By Application       

                                5.2.8 Market Share Analysis, By Application        

                5.3 Source                          

                                5.3.1 Introduction           

                                5.3.2 Marine      

                                5.3.3 Plant          

                                5.3.4 Y-o-Y Growth Analysis, By Source

                                5.3.5  Market Attractiveness Analysis, By Source              

                                5.3.6  Market Share Analysis, By Source                

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                       By Geographical Area

                                       By Type

                                       By Application

                                       By Source

                                6.1.4  Market Attractiveness Analysis     

                                       By Geographical Area

                                       By Type

                                       By Application

                                       By Source

                                6.1.5  Market Share Analysis      

                                       By Geographical Area

                                       By Type

                                       By Application

                                       By Source

                6.2 Asia-Pacific                 

                                6.2.1 Introduction           

                                6.2.2 China         

                                6.2.3 India          

                                6.2.4 Japan         

                                6.2.5 Australia   

                                6.2.6 South Korea           

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Aker BioMarine                        

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Rieber Oils AS and Lonza                       

                8.3 Axellus                         

                8.4 BASF SE                        

                8.5 DSM                              

                8.6 Omega Proteine Company                  

                8.7 Luhua Biomarine (Shandong) Co., Ltd                             

                8.8 Croda International Plc                          

                8.9FMC Corporation                      

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         


                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of Type, Application, and Source along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Asia Pacific Omega 3 Market By Region, From 2021-2026 ( USD Million )
  2. Asia Pacific Omega 3 Market By Type, From 2021-2026 ( USD Million )
  3. Asia Pacific DHA Market By Region, From 2021-2026 ( USD Million )
  4. Asia Pacific EPA Market By Region, From 2021-2026 ( USD Million )
  5. Asia Pacific ALA Market By Region, From 2021-2026 ( USD Million )
  6. Asia Pacific Omega 3 Market By Application, From 2021-2026 ( USD Million )
  7. Asia Pacific Dietary Supplements Market By Region, From 2021-2026 ( USD Million )
  8. Asia Pacific Functional Foods & Beverages Market By Region, From 2021-2026 ( USD Million )
  9. Asia Pacific Pharmaceuticals Market By Region, From 2021-2026 ( USD Million )
  10. Asia Pacific Infant Formula Market By Region, From 2021-2026 ( USD Million )
  11. Asia Pacific Omega 3 Market By Source, From 2021-2026 ( USD Million )
  12. Asia Pacific Marine Market By Region, From 2021-2026 ( USD Million )
  13. Asia Pacific Plant Market By Region, From 2021-2026 ( USD Million )

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