Global Omega-3 market is expected to reach 16034.84 million USD by the end of 2023

Global Omega-3 market is expected to reach 16034.84 million USD by the end of 2023 www.qyresearch.com

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QYResearch • 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. www.qyresearch.com

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• The global Omega-3 market is valued at 9618.22 million USD in 2016 and is expected to reach 16034.84 million USD by the end of 2023, growing at a CAGR of 7.57% between 2016 and 2023. • 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.

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QYResearch In the coming few years, global sales of omega-3 will continue to increase. In 2023, global sales may be 146575 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.

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