North America Omega 3 Concentrates Market

The North America omega-3 concentrates market is expected to reach US$ 994.78 million in 2027 from US$ 605.81 million in 2019. The market is anticipated to grow at a CAGR of 6.5 % 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.

North America Omega 3 Concentrates Strategic Insights

Strategic insights for the North America Omega 3 Concentrates provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Omega 3 Concentrates Report Scope

North America Omega 3 Concentrates Regional Insights

The geographic scope of the North America Omega 3 Concentrates refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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 North America 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. US has the highest number of confirmed cases of the COVID-19 morbidity among all North American countries. This is likely to impact the food and beverages industry in the region due to the disruption of supply and distribution chain in North America. 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 North America omega-3 concentrates market, by form, in 2019. The fish segment accounted for a larger share of the North America omega-3 concentrates market, by source, in 2019. The triglyceride segment accounted for a larger share of the North America omega-3 concentrates market, by type, in 2019. The high DHA segment accounted for a larger share of the North America omega-3 concentrates market, by concentration, in 2019. The dietary supplements segment accounted for a larger share of the North America 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 North America 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.

Reasons to buy the report

• To understand the North America omega-3 concentrates market landscape and identify market segments that are most likely to guarantee a strong return
• To stay ahead by comprehending the ever-changing competitive landscape for the omega-3 concentrates market
• To efficiently plan M&A and partnership deals in the omega-3 concentrates market by identifying market segments with most promising probable sales
• To take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments in the omega-3 concentrates market
• To obtain market revenue forecast for market by various segments from 2017 to 2027

North America Omega-3 Concentrates Market Segmentation

By Form

• Oil
• Powder

By Source

• Fish
• Algae
• Calamari
• Krill
• Others

By Type

• Triglyceride (TG)
• Ethyl Ester (EE)
• Phospholipids (PL)

By Concentration

• High DHA
• High EPA
• Balanced EPA-DHA

By End Use

• High DHA
• High EPA
• Balanced EPA-DHA

Company Profiles

• BASF SE
• AlaskOmega
• Golden Omega S.A.
• DSM Nutritional Products AG
• Nordic Naturals, Inc.
• Epax Norway
• Norwegian Fish Oil
• GC Rieber VivoMega

By Country

• US
• Canada
• Mexico