Romania Omega 3 Market Size & Outlook, 2023-2030
Romania omega 3 market, 2018-2030 (US$M)
Related Markets
Romania omega 3 market highlights
- The Romania omega 3 market generated a revenue of USD 15.2 million in 2023 and is expected to reach USD 25.6 million by 2030.
- The Romania market is expected to grow at a CAGR of 7.7% 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.
Omega 3 market data book summary
| Market revenue in 2023 | USD 15.2 million |
| Market revenue in 2030 | USD 25.6 million |
| Growth rate | 7.7% (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 |
Other key industry trends
- In terms of revenue, Romania accounted for 0.6% of the global omega 3 market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany omega 3 market is projected to lead the regional market in terms of revenue in 2030.
- Netherlands is the fastest growing regional market in Europe and is projected to reach USD 67.0 million by 2030.
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Omega 3 Market Scope
Omega 3 Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Romania 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 53.95% in 2023. Horizon Databook has segmented the Romania 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.
Romania is one of the crucial producers of animal feed in Europe. According to the European Feed Manufacturers Association (FEFAC), the overall animal feed production in the region witnessed a fall of 2% in 2023, due to continued market and political crisis and a rapidly increasing demand for providing sustainable feed solutions to meet the market demand.
However, countries such as Austria, Italy, Romania, and Bulgaria, have experienced a modest increase in animal feed production. Apart from the animal feed industry, Romania holds a significant position in the food & beverages (F&B) industry in Europe. The country serves as one of the most desirable locations for foreign direct investments (FDIs), especially from Greece-based food & beverage companies.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Romania omega 3 market , including forecasts for subscribers. This country databook contains high-level insights into Romania omega 3 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Romania omega 3 market size, by type, 2018-2030 (US$M)
Romania Omega 3 Market Outlook Share, 2023 & 2030 (US$M)
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