Middle East & Africa Omega 3 Market Size & Outlook
Middle East & Africa omega 3 market, 2018-2030 (US$M)
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MEA omega 3 market highlights
- The MEA omega 3 market generated a revenue of USD 97.3 million in 2023.
- The market is expected to grow at a CAGR of 6.7% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 97.3 million |
| Market revenue in 2030 | USD 152.8 million |
| Growth rate | 6.7% (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, MEA region accounted for 3.7% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Omega 3 Market Scope
Omega 3 Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 54.57% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
Ongoing economic and industrial development is fueling a major shift in the lifestyle of consumers in the Middle East & Africa. This paradigm shift in the consumer lifestyle has led to a rise in the instances of chronic ailments, such as diabetes, obesity, and cardiovascular diseases in the region.
This, in turn, has augmented the demand for improved healthcare for the masses in countries such as the UAE, Saudi Arabia, South Africa, and Egypt. Moreover, the demand for omega 3 in the Middle East & Africa is expected to grow at a significant rate in the coming years owing to its rising utilization in functional food and supplements.
In addition, increasing consumer awareness regarding the health benefits of omega 3 and growing concerns among consumers to prevent diabetes and cardiovascular diseases are expected to propel the consumption of omega 3 and supplements based on it in the Middle East & Africa.
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Our clientele includes a mix of omega 3 market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa omega 3 market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa omega 3 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA omega 3 market size, by country, 2018-2030 (US$M)
Middle East & Africa Omega 3 Market Outlook Share, 2023 & 2030 (US$M)
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