Market revenue in 2023 | USD 73.1 million |
Market revenue in 2030 | USD 130.2 million |
Growth rate | 8.6% (CAGR from 2023 to 2030) |
Largest segment | Docosahexaenoic acid (dha) |
Fastest growing segment | DPA |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 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 |
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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 54.58% in 2023. Horizon Databook has segmented the Japan 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.
The demand for omega 3 in Japan is driven by the growing preference of the population of the country for omega 3 fatty acids extracted from krill and fish oils. The rising consumption of omega 3 in the form of fortified food products such as fish ham and fish sausages in the country is anticipated to drive the growth of the market in Japan over the forecast period.
Moreover, surging awareness among the masses about the consumption of products with high triglyceride levels is anticipated to further propel the demand for omega 3-fortified food items in the country in the coming years. The demand for omega 3-based products in Japan is expected to be fueled by the presence of a large number of omega 3 manufacturers in the country.
Ongoing innovations in the omega 3 market undertaken by these manufacturers, along with the adoption of various marketing strategies by them to promote the consumption of omega 3-induced products, including infant formulas and functional food and supplements, are anticipated to propel the growth of omega 3 market in Japan over the forecast period.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan omega 3 market , including forecasts for subscribers. This country databook contains high-level insights into Japan omega 3 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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