The Latin America, Middle East and Africa Omega 3 Market would witness market growth of 9.2% CAGR during the forecast period (2021-2027).
Due to the expanding product application breadth in medicines, an increasing number of omega 3-based pharmaceutical product releases by market participants is likely to boost market growth. For example, BASF Nutrition and Health, in collaboration with Ideogen, developed an omega 3 product to treat Non-Alcoholic Fatty Liver Disease (NAFLD), a chronic illness, in November 2019.
Advanced manufacturing technologies are being aggressively adopted by manufacturers. To ensure optimal delivery of the healthful properties of fish oil, manufacturers are focusing on effective removal of environmental pollutants from fish oil, limiting oxidation in the production process, and concentrating the omega 3 content in the final product. For example, Smartfish has developed manufacturing procedures that prevent oil from oxidizing and give high-temperature tolerance.
Brazil, with its expanding need for health supplements, is driving product demand in Central and South America. Companies in the region are projected to increase their investments in manufacturing facilities and R&D activities, which will boost the market growth. For example, Wiley Company manufactured its first Omega-3 concentration powder in CSA in March 2020, which was developed without the fishy flavour or odour. With the constantly increasing cases of mental illness in UAE, government is taking initiatives to improve the mental condition of the people.
The Brazil market dominated the LAMEA Omega 3 Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $64.8 million by 2027. The Argentina market is experiencing a CAGR of 9.8% during (2021 - 2027). Additionally, The UAE market would exhibit a CAGR of 8.9% during (2021 - 2027).
Based on Type, the market is segmented into Docosahexaenoic acid (DHA), Eicosapentaenoic acid (EPA), and Alpha-linolenic acid (ALA). Based on Application, the market is segmented into Supplements & Functional Foods, Pharmaceuticals, Infant Formula, Animal Feed & Pet Food and Others. Based on Source, the market is segmented into Marine Source and Plant Source. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Omega 3 Market is Predict to reach $3 Billion by 2027, at a CAGR of 7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Aker BioMarine AS, GC Rieber VivoMega AS (GC Rieber group), Epax Norway AS (Pelagia Holding AS), FMC Corporation, BASF SE, Koninklijke DSM N.V., Lonza Group AG, Orkla ASA (Orkla Health), Croda International PLC, and Omega Protein Corporation (Cooke, Inc.).
Scope of the Study
Market Segments Covered in the Report:
By Type
- Docosahexaenoic acid (DHA)
- Eicosapentaenoic acid (EPA), and
- Alpha-linolenic acid (ALA)
By Application
- Supplements & Functional Foods
- Pharmaceuticals
- Infant Formula
- Animal Feed & Pet Food and
- Others
By Source
- Marine Source and
- Plant Source
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Aker BioMarine AS
- GC Rieber VivoMega AS (GC Rieber group)
- Epax Norway AS (Pelagia Holding AS)
- FMC Corporation
- BASF SE
- Koninklijke DSM N.V.
- Lonza Group AG
- Orkla ASA (Orkla Health)
- Croda International PLC
- Omega Protein Corporation (Cooke, Inc.)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Omega 3 Market, by Type
1.4.2 LAMEA Omega 3 Market, by Application
1.4.3 LAMEA Omega 3 Market, by Source
1.4.4 LAMEA Omega 3 Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Acquisition and Mergers
3.2.3 Product Launches and Product Expansions
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2019, Nov – 2021, Feb) Leading Players
Chapter 4. LAMEA Omega 3 Market by Type
4.1 LAMEA Docosahexaenoic acid (DHA) Market by Country
4.2 LAMEA Eicosapentaenoic acid (EPA) Market by Country
4.3 LAMEA Alpha-linolenic acid (ALA) Market by Country
Chapter 5. LAMEA Omega 3 Market by Application
5.1 LAMEA Supplements & Functional Foods Market by Country
5.2 LAMEA Pharmaceuticals Market by Country
5.3 LAMEA Infant Formula Market by Country
5.4 LAMEA Animal Feed & Pet Food Market by Country
5.5 LAMEA Others Market by Country
Chapter 6. LAMEA Omega 3 Market by Source
6.1 LAMEA Marine Source Market by Country
6.2 LAMEA Plant Source Market by Country
Chapter 7. LAMEA Omega 3 Market by Country
7.1 Brazil Omega 3 Market
7.1.1 Brazil Omega 3 Market by Type
7.1.2 Brazil Omega 3 Market by Application
7.1.3 Brazil Omega 3 Market by Source
7.2 Argentina Omega 3 Market
7.2.1 Argentina Omega 3 Market by Type
7.2.2 Argentina Omega 3 Market by Application
7.2.3 Argentina Omega 3 Market by Source
7.3 UAE Omega 3 Market
7.3.1 UAE Omega 3 Market by Type
7.3.2 UAE Omega 3 Market by Application
7.3.3 UAE Omega 3 Market by Source
7.4 Saudi Arabia Omega 3 Market
7.4.1 Saudi Arabia Omega 3 Market by Type
7.4.2 Saudi Arabia Omega 3 Market by Application
7.4.3 Saudi Arabia Omega 3 Market by Source
7.5 South Africa Omega 3 Market
7.5.1 South Africa Omega 3 Market by Type
7.5.2 South Africa Omega 3 Market by Application
7.5.3 South Africa Omega 3 Market by Source
7.6 Nigeria Omega 3 Market
7.6.1 Nigeria Omega 3 Market by Type
7.6.2 Nigeria Omega 3 Market by Application
7.6.3 Nigeria Omega 3 Market by Source
7.7 Rest of LAMEA Omega 3 Market
7.7.1 Rest of LAMEA Omega 3 Market by Type
7.7.2 Rest of LAMEA Omega 3 Market by Application
7.7.3 Rest of LAMEA Omega 3 Market by Source
Chapter 8. Company Profiles
8.1 Aker BioMarine AS
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.2 GC Rieber VivoMega AS (GC Rieber group)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Recent strategies and developments:
8.2.3.1 Partnerships, Collaborations, and Agreements:
8.2.3.2 Product Launches and Product Expansions:
8.2.3.3 Geographical Expansions:
8.3 Epax Norway AS (Pelagia Holding AS)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.4 FMC Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expenses
8.5 BASF SE
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.6 Koninklijke DSM N.V.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.1 Recent strategies and developments:
8.6.1.1 Acquisition and Mergers:
8.7 Lonza Group AG
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.8 Orkla ASA (Orkla Health)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Acquisition and Mergers:
8.9 Croda International PLC
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Acquisition and Mergers:
8.10. Omega Protein Corporation (Cooke, Inc.)
8.10.1 Company Overview
TABLE 1 LAMEA Omega 3 Market, 2017 - 2020, USD Million
TABLE 2 LAMEA Omega 3 Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Omega 3 Market
TABLE 4 1.2.2 Acquisition and Mergers– Omega 3 Market
TABLE 5 Product Launches And Product Expansions – Omega 3 Market
TABLE 6 geographical Expansions – Omega 3 Market
TABLE 7 LAMEA Omega 3 Market by Type, 2017 - 2020, USD Million
TABLE 8 LAMEA Omega 3 Market by Type, 2021 - 2027, USD Million
TABLE 9 LAMEA Docosahexaenoic acid (DHA) Market by Country, 2017 - 2020, USD Million
TABLE 10 LAMEA Docosahexaenoic acid (DHA) Market by Country, 2021 - 2027, USD Million
TABLE 11 LAMEA Eicosapentaenoic acid (EPA) Market by Country, 2017 - 2020, USD Million
TABLE 12 LAMEA Eicosapentaenoic acid (EPA) Market by Country, 2021 - 2027, USD Million
TABLE 13 LAMEA Alpha-linolenic acid (ALA) Market by Country, 2017 - 2020, USD Million
TABLE 14 LAMEA Alpha-linolenic acid (ALA) Market by Country, 2021 - 2027, USD Million
TABLE 15 LAMEA Omega 3 Market by Application, 2017 - 2020, USD Million
TABLE 16 LAMEA Omega 3 Market by Application, 2021 - 2027, USD Million
TABLE 17 LAMEA Supplements & Functional Foods Market by Country, 2017 - 2020, USD Million
TABLE 18 LAMEA Supplements & Functional Foods Market by Country, 2021 - 2027, USD Million
TABLE 19 LAMEA Pharmaceuticals Market by Country, 2017 - 2020, USD Million
TABLE 20 LAMEA Pharmaceuticals Market by Country, 2021 - 2027, USD Million
TABLE 21 LAMEA Infant Formula Market by Country, 2017 - 2020, USD Million
TABLE 22 LAMEA Infant Formula Market by Country, 2021 - 2027, USD Million
TABLE 23 LAMEA Animal Feed & Pet Food Market by Country, 2017 - 2020, USD Million
TABLE 24 LAMEA Animal Feed & Pet Food Market by Country, 2021 - 2027, USD Million
TABLE 25 LAMEA Others Market by Country, 2017 - 2020, USD Million
TABLE 26 LAMEA Others Market by Country, 2021 - 2027, USD Million
TABLE 27 LAMEA Omega 3 Market by Source, 2017 - 2020, USD Million
TABLE 28 LAMEA Omega 3 Market by Source, 2021 - 2027, USD Million
TABLE 29 LAMEA Marine Source Market by Country, 2017 - 2020, USD Million
TABLE 30 LAMEA Marine Source Market by Country, 2021 - 2027, USD Million
TABLE 31 LAMEA Plant Source Market by Country, 2017 - 2020, USD Million
TABLE 32 LAMEA Plant Source Market by Country, 2021 - 2027, USD Million
TABLE 33 LAMEA Omega 3 Market by Country, 2017 - 2020, USD Million
TABLE 34 LAMEA Omega 3 Market by Country, 2021 - 2027, USD Million
TABLE 35 Brazil Omega 3 Market, 2017 - 2020, USD Million
TABLE 36 Brazil Omega 3 Market, 2021 - 2027, USD Million
TABLE 37 Brazil Omega 3 Market by Type, 2017 - 2020, USD Million
TABLE 38 Brazil Omega 3 Market by Type, 2021 - 2027, USD Million
TABLE 39 Brazil Omega 3 Market by Application, 2017 - 2020, USD Million
TABLE 40 Brazil Omega 3 Market by Application, 2021 - 2027, USD Million
TABLE 41 Brazil Omega 3 Market by Source, 2017 - 2020, USD Million
TABLE 42 Brazil Omega 3 Market by Source, 2021 - 2027, USD Million
TABLE 43 Argentina Omega 3 Market, 2017 - 2020, USD Million
TABLE 44 Argentina Omega 3 Market, 2021 - 2027, USD Million
TABLE 45 Argentina Omega 3 Market by Type, 2017 - 2020, USD Million
TABLE 46 Argentina Omega 3 Market by Type, 2021 - 2027, USD Million
TABLE 47 Argentina Omega 3 Market by Application, 2017 - 2020, USD Million
TABLE 48 Argentina Omega 3 Market by Application, 2021 - 2027, USD Million
TABLE 49 Argentina Omega 3 Market by Source, 2017 - 2020, USD Million
TABLE 50 Argentina Omega 3 Market by Source, 2021 - 2027, USD Million
TABLE 51 UAE Omega 3 Market, 2017 - 2020, USD Million
TABLE 52 UAE Omega 3 Market, 2021 - 2027, USD Million
TABLE 53 UAE Omega 3 Market by Type, 2017 - 2020, USD Million
TABLE 54 UAE Omega 3 Market by Type, 2021 - 2027, USD Million
TABLE 55 UAE Omega 3 Market by Application, 2017 - 2020, USD Million
TABLE 56 UAE Omega 3 Market by Application, 2021 - 2027, USD Million
TABLE 57 UAE Omega 3 Market by Source, 2017 - 2020, USD Million
TABLE 58 UAE Omega 3 Market by Source, 2021 - 2027, USD Million
TABLE 59 Saudi Arabia Omega 3 Market, 2017 - 2020, USD Million
TABLE 60 Saudi Arabia Omega 3 Market, 2021 - 2027, USD Million
TABLE 61 Saudi Arabia Omega 3 Market by Type, 2017 - 2020, USD Million
TABLE 62 Saudi Arabia Omega 3 Market by Type, 2021 - 2027, USD Million
TABLE 63 Saudi Arabia Omega 3 Market by Application, 2017 - 2020, USD Million
TABLE 64 Saudi Arabia Omega 3 Market by Application, 2021 - 2027, USD Million
TABLE 65 Saudi Arabia Omega 3 Market by Source, 2017 - 2020, USD Million
TABLE 66 Saudi Arabia Omega 3 Market by Source, 2021 - 2027, USD Million
TABLE 67 South Africa Omega 3 Market, 2017 - 2020, USD Million
TABLE 68 South Africa Omega 3 Market, 2021 - 2027, USD Million
TABLE 69 South Africa Omega 3 Market by Type, 2017 - 2020, USD Million
TABLE 70 South Africa Omega 3 Market by Type, 2021 - 2027, USD Million
TABLE 71 South Africa Omega 3 Market by Application, 2017 - 2020, USD Million
TABLE 72 South Africa Omega 3 Market by Application, 2021 - 2027, USD Million
TABLE 73 South Africa Omega 3 Market by Source, 2017 - 2020, USD Million
TABLE 74 South Africa Omega 3 Market by Source, 2021 - 2027, USD Million
TABLE 75 Nigeria Omega 3 Market, 2017 - 2020, USD Million
TABLE 76 Nigeria Omega 3 Market, 2021 - 2027, USD Million
TABLE 77 Nigeria Omega 3 Market by Type, 2017 - 2020, USD Million
TABLE 78 Nigeria Omega 3 Market by Type, 2021 - 2027, USD Million
TABLE 79 Nigeria Omega 3 Market by Application, 2017 - 2020, USD Million
TABLE 80 Nigeria Omega 3 Market by Application, 2021 - 2027, USD Million
TABLE 81 Nigeria Omega 3 Market by Source, 2017 - 2020, USD Million
TABLE 82 Nigeria Omega 3 Market by Source, 2021 - 2027, USD Million
TABLE 83 Rest of LAMEA Omega 3 Market, 2017 - 2020, USD Million
TABLE 84 Rest of LAMEA Omega 3 Market, 2021 - 2027, USD Million
TABLE 85 Rest of LAMEA Omega 3 Market by Type, 2017 - 2020, USD Million
TABLE 86 Rest of LAMEA Omega 3 Market by Type, 2021 - 2027, USD Million
TABLE 87 Rest of LAMEA Omega 3 Market by Application, 2017 - 2020, USD Million
TABLE 88 Rest of LAMEA Omega 3 Market by Application, 2021 - 2027, USD Million
TABLE 89 Rest of LAMEA Omega 3 Market by Source, 2017 - 2020, USD Million
TABLE 90 Rest of LAMEA Omega 3 Market by Source, 2021 - 2027, USD Million
TABLE 91 Key Information – Aker BioMarine AS
TABLE 92 Key Information – GC Rieber VivoMega AS
TABLE 93 Key Information – Epax Norway AS
TABLE 94 Key Information – FMC Corporation
TABLE 95 Key Information – BASF SE
TABLE 96 Key Information – Koninklijke DSM N.V.
TABLE 97 Key Information – Lonza Group AG
TABLE 98 Key Information – Orkla ASA
TABLE 99 Key Information – Croda International PLC
TABLE 100 key information – Omega Protein Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2019, Nov – 2021, Feb) Leading Players
FIG 5 Recent strategies and developments: Aker BioMarine AS
FIG 6 Recent strategies and developments: GC Rieber VivoMega AS
FIG 7 Recent strategies and developments: Orkla ASA