Turkey Omega 3 Market Size & Outlook, 2023-2030
Turkey omega 3 market, 2018-2030 (US$M)
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Turkey omega 3 market highlights
- The Turkey omega 3 market generated a revenue of USD 26.4 million in 2023 and is expected to reach USD 46.0 million by 2030.
- The Turkey market is expected to grow at a CAGR of 8.2% 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 26.4 million |
| Market revenue in 2030 | USD 46.0 million |
| Growth rate | 8.2% (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, Turkey accounted for 1.0% 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 |
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Turkey 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 54.92% in 2023. Horizon Databook has segmented the Turkey 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 manufacturing sector of the country received FDIs worth USD 137 million, thereby enhancing the industrial base of Turkey. As a result, the country is considered highly suitable for manufacturing numerous products such as infant formulations.
According to the Association of Infant Formula and Baby Food Producers, the Government of Iran has outsourced the production of infant formulation to a Turkey-based company. Such factors are expected to have a positive impact on the consumption of omega-3 in infant formulations in the country in the coming years, thereby leading to the growth of the market.
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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 Turkey omega 3 market , including forecasts for subscribers. This country databook contains high-level insights into Turkey omega 3 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Turkey omega 3 market size, by type, 2018-2030 (US$M)
Turkey Omega 3 Market Outlook Share, 2023 & 2030 (US$M)
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