Saudi Arabia Omega 3 Market Size & Outlook, 2023-2030
Saudi Arabia omega 3 market, 2018-2030 (US$M)
Related Markets
Saudi Arabia omega 3 market highlights
- The Saudi Arabia omega 3 market generated a revenue of USD 27.8 million in 2023 and is expected to reach USD 44.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 6.9% 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 27.8 million |
| Market revenue in 2030 | USD 44.3 million |
| Growth rate | 6.9% (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, Saudi Arabia accounted for 1.1% 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 Middle East & Africa, Saudi Arabia omega 3 market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 28.2 million by 2030.
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Omega 3 Market Scope
Omega 3 Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 54.68% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
Consumers in South Korea prefer high-purity and individually packed omega-3 supplements, thereby emphasizing the importance of quality and convenience in their purchasing decisions. In terms of manufacturing, BASF SE has received clearance from regulators in South Korea to produce pharmaceutical-grade omega-3 at its facility in Scotland.
This indicates the potential for locally produced omega-3 ingredients to meet their demand in South Korea. Moreover, in April 2023, South Korea manufactured the first omega-3 supplement in the country to have third-party International Fish Oil Standards (IFOS) authorization.
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Our clientele includes a mix of omega 3 market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 country-level data and insights on the Saudi Arabia omega 3 market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia omega 3 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia omega 3 market size, by type, 2018-2030 (US$M)
Saudi Arabia Omega 3 Market Outlook Share, 2023 & 2030 (US$M)
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