Vietnam Omega 3 Market Size & Outlook, 2023-2030
Vietnam omega 3 market, 2018-2030 (US$M)
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Vietnam omega 3 market highlights
- The Vietnam omega 3 market generated a revenue of USD 34.7 million in 2023 and is expected to reach USD 62.5 million by 2030.
- The Vietnam market is expected to grow at a CAGR of 8.8% 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 34.7 million |
| Market revenue in 2030 | USD 62.5 million |
| Growth rate | 8.8% (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, Vietnam accounted for 1.3% 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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Vietnam 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 54.18% in 2023. Horizon Databook has segmented the Vietnam 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.
Omega 3 market in Vietnam is witnessing an increase in the number of trawlers engaged in extracting fish and krill oil. Supplements & functional foods, pharmaceuticals, and infant formulas are some key applications of omega 3 in the country.
The scientists from the Department of Animal Biotechnology under the Institute of Tropical Biology have researched and developed a technology for producing omega 3-enriched chicken eggs in Vietnam in January 2024.
Salmon fish oil from Norway and Chile accounted for shares of 55% to 65%, respectively of the total demand for this oil in Vietnam. Meanwhile, the country exported 83,000 tons of fish oil from locally produced.
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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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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 Vietnam omega 3 market , including forecasts for subscribers. This country databook contains high-level insights into Vietnam omega 3 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Vietnam omega 3 market size, by type, 2018-2030 (US$M)
Vietnam Omega 3 Market Outlook Share, 2023 & 2030 (US$M)
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