Asia Pacific Omega 3 Market Size & Outlook, 2023-2030
Asia Pacific omega 3 market, 2018-2030 (US$M)
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Asia Pacific omega 3 market highlights
- The Asia Pacific omega 3 market generated a revenue of USD 758.4 million in 2023.
- The market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, docosahexaenoic acid (dha) was the largest revenue generating type in 2023.
- DPA is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 758.4 million |
| Market revenue in 2030 | USD 1,346.8 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Docosahexaenoic acid (dha) |
| Fastest growing segment | DPA |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Docosahexaenoic acid (DHA), Eicosapentaenoic acid (EPA), Alpha-linolenic acid (ALA), DPA |
| Key market players worldwide | Orkla ASA, Basf SE, Omega Laboratories, Lonza Group Ltd, Croda International PLC, Austevoll Seafood ASA, Koninklijke DSM NV |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 29.0% of the global omega 3 market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,346.8 million by 2030.
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Omega 3 Market Scope
Omega 3 Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific omega 3 market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to omega 3 market will help companies and investors design strategic landscapes.
Docosahexaenoic acid (dha) was the largest segment with a revenue share of 54.46% in 2023. Horizon Databook has segmented the Asia Pacific omega 3 market based on docosahexaenoic acid (dha), eicosapentaenoic acid (epa), alpha-linolenic acid (ala), dpa covering the revenue growth of each sub-segment from 2018 to 2030.
In Asia Pacific, the expanding middle-class population and the rising consumer demand for omega 3- based supplements owing to changing lifestyle of the masses in countries such as India, Australia, China, New Zealand, and Japan are projected to spur the consumption of omega 3 in the coming years.
Functional food and supplements are gaining popularity in the region owing to growing consumer awareness regarding the benefits of a balanced diet. In addition, consumer’s dependency on dietary supplements is anticipated to witness a significant increase in Asia Pacific in the coming years owing to the ability of the product to compensate for the lack of vitamins and minerals in the daily diet.
Surging consumption of nutrient-rich functional food and supplements to prevent chronic diseases and improve the health of consumers is anticipated to drive the growth of omega 3 in Asia Pacific over the forecast period.
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Our clientele includes a mix of omega 3 market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific omega 3 market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific omega 3 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific omega 3 market size, by country, 2018-2030 (US$M)
Asia Pacific Omega 3 Market Outlook Share, 2023 & 2030 (US$M)
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