South Africa Omega 3 Market Size & Outlook, 2023-2030
South Africa omega 3 market, 2018-2030 (US$M)
Related Markets
South Africa omega 3 market highlights
- The South Africa omega 3 market generated a revenue of USD 17.3 million in 2023 and is expected to reach USD 28.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 7.3% 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 17.3 million |
| Market revenue in 2030 | USD 28.2 million |
| Growth rate | 7.3% (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, South Africa accounted for 0.7% 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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South 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 54.34% in 2023. Horizon Databook has segmented the South 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.
The demand for omega-3 supplements is growing in South Africa, driven by various factors. This growth indicates a rising demand for pharmaceutical products including omega 3. In addition, the government of South Africa is working toward implementing a National Health Insurance (NHI) scheme.
which aims to improve access to healthcare and make the government the primary purchaser of health goods and services. As part of this scheme, there is a focus on investing in the public healthcare system to improve infrastructure and accessibility.
This emphasis on healthcare improvement may contribute to the growing demand for omega-3 supplements as people become more conscious of their health and seek preventive measures. It is important to note that the implementation of the NHI scheme is a gradual process and is expected to be fully enforced by 2026.
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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 South Africa omega 3 market , including forecasts for subscribers. This country databook contains high-level insights into South Africa omega 3 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa omega 3 market size, by type, 2018-2030 (US$M)
South Africa Omega 3 Market Outlook Share, 2023 & 2030 (US$M)
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