The Europe omega-3 concentrates market is expected to reach US$ 664.99 million in 2027 from US$ 399.69 million in 2019. The market is anticipated to grow at a CAGR of 6.7 % from 2020 to 2027.
Market Introduction
Omega-3 concentrates refers to highly concentrated oils & powders that are rich in EPA and DHA constitution. The common sources of obtaining omega-3 concentrates are fish, algae, calamari and others. These concentrates are known for offering health benefits like reduction in the risk of heart diseases, reduces blood fat level and enhances the good cholesterol level in the human body. The EPA and DHA content in omega-3 concentrates are inked with healthy aging throughout life. These are also linked with fetal development and Alzheimer’s disease. The omega-3 concentrates in the form of powder and oil find applications in food & beverages, infant formulas and dietary supplements.
Factors driving the market growth include awareness among the consumers regarding the health benefits of omega-3 concentrates and increased demand for omega-3 concentrates from end-user segments. However, depleting marine population is likely to have a negative impact on the market growth.
Effect of covid-19 on Europe omega-3 concentrates market
The ongoing COVID-19 outbreak began in Wuhan (China) in December 2019, but later it spread to all the parts of the world. It has adversely affected the food and beverages industry as the industry is suffering from supply chain disruptions, lockdowns, travel bans, and business shutdowns called in various countries. Russia has the highest number of confirmed cases of the COVID-19 morbidity among all European countries. This is likely to impact the food and beverages industry in the region due to the disruption of supply and distribution chain in Europe. In addition, the lockdown scenarios are also impacting the overall manufacturing processes, research, and development activities pertaining to different industries.
Key Market Segments
The oil segment accounted for a larger share of the Europe omega-3 concentrates market, by form, in 2019. The fish segment accounted for a larger share of the Europe omega-3 concentrates market, by source, in 2019. The triglyceride segment accounted for a larger share of the Europe omega-3 concentrates market, by type, in 2019. The high DHA segment accounted for a larger share of the Europe omega-3 concentrates market, by concentration, in 2019. The dietary supplements segment accounted for a larger share of the Europe omega-3 concentrates market, by end use, in 2019.
Major Sources and Companies Listed
A few of the major primary and secondary sources referred to while preparing this report on the Europe omega-3 concentrates market include BASF SE; AlaskOmega; Golden Omega S.A.; DSM Nutritional Products AG; Nordic Naturals, Inc.; Epax Norway; Norwegian Fish Oil and GC Rieber VivoMega.
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Europe Omega-3 Concentrates Market Segmentation
By Form
By Source
By Type
By Concentration
By End Use
Company Profiles
By Country
The Europe Omega-3 Concentrates Market is valued at US$ 399.69 Million in 2019, it is projected to reach US$ 664.99 Million by 2027.
As per our report Europe Omega-3 Concentrates Market, the market size is valued at US$ 399.69 Million in 2019, projecting it to reach US$ 664.99 Million by 2027. This translates to a CAGR of approximately 6.7 % during the forecast period.
The Europe Omega-3 Concentrates Market report typically cover these key segments-
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The Europe Omega-3 Concentrates Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
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