Thailand Omega 3 Market Size & Outlook, 2023-2030
Thailand omega 3 market, 2018-2030 (US$M)
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Thailand omega 3 market highlights
- The Thailand omega 3 market generated a revenue of USD 23.6 million in 2023 and is expected to reach USD 40.0 million by 2030.
- The Thailand market is expected to grow at a CAGR of 7.8% 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 23.6 million |
| Market revenue in 2030 | USD 40.0 million |
| Growth rate | 7.8% (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, Thailand accounted for 0.9% 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 Asia Pacific, China omega 3 market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 214.7 million by 2030.
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Omega 3 Market Scope
Omega 3 Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand 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 54.66% in 2023. Horizon Databook has segmented the Thailand 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.
Thailand has been a forerunner in the production of animal feed in Asia Pacific. Various animal feed manufacturers based out of the country are setting up their new production facilities equipped with high-end technologies in Thailand. For instance, in March 2023, Betagro launched a smart new feed mill in Nakhon Ratchasima, Thailand.
This mill uses IoT and automation for producing feed. Investments in feed manufacturing facilities in the country to increase their productivity are anticipated to surge the demand for omega-3 used in the formulation of animal feed. Additionally, numerous omega-3 manufacturers based out of Thailand are undertaking various strategic initiatives to meet the demand for the product in the country.
For instance, in March 2023, Canadabased Algarithm Ingredients, which is an algae-based omega 3 manufacturer, signed a multi-year manufacturing deal with Thai Union Ingredients (TUI). This strategic collaboration is expected to help the former company to scale up the production capacity of omega-3 in Thailand.
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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 Thailand omega 3 market , including forecasts for subscribers. This country databook contains high-level insights into Thailand omega 3 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand omega 3 market size, by type, 2018-2030 (US$M)
Thailand Omega 3 Market Outlook Share, 2023 & 2030 (US$M)
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