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Global consumption OMEGA -3 market will reach 16.37 billion USD by the end of 2023

Author: QYResearch | Publish date: 2018-05-07 | Views: 80
The global consumption Omega-3 market is valued at 10.51 billion USD in 2016 and is expected to reach 1.63 billion USD by the end of 2023, growing at a CAGR of 6.54% between 2016 and 2023.


Publisher: QYResearch

Published Date: 2018-05-07

欧米茄-3(Ω-3).jpg

Omega-3 mainly has three types involved in ALA, EPA and DHA. It is also extracted from fish oil and algae oil, etc. Omega-3 produced by algae has not been wildly used. This method has great potential.


Currently, omega-3 is mainly distributed in Europe, North America, South America and China. Europe was the largest consumption region holding 37.40% of global share, while China consumption takes only 7.75% of global omega-3 in 2016. Manufactures are limited by regional distribution of fish resources. This industry is mainly concentrated in areas which have rich aquatic resources.


The market concentrate is rather dispersion, DSM, BASF, EPAX, Golden Omega, TASA, Omega Protein, Croda, Marine Ingredients, GC Rieber, Polaris are main manufacturers and the total share of top 3 is 37.67% in 2016, and the top 5 takes 48.30% of global production.


In the coming few years, global sales of omega-3 will continue to increase. In 2023, global production may be 153020 MT. Omega-3 can be widely used in dietary supplements, fortified food and beverage, infant formula, pharmaceuticals, pet foods and other fields. With the development of economy, these industries will need more omega-3. So, omega-3 has a huge market potential in the future.


The Global Omega 3 Products Market Research Report 2017 report released by QYResearch provides a basic overview of the Omega-3 industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.


The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Omega-3 industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.


Click to view the full report:https://www.qyresearch.com/index/detail/161755/global-omega-3-products-market-research-report
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Media contact: press@qyresearch.com

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