Omega-3 Market

The study involved four major activities in estimating the current size of the omega-3 market. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

This research study involved the extensive use of secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the omega-3 market.

In the secondary research process, various sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles from recognized authors, gold & silver standard websites, directories, and databases were referred to identify and collect information. This research study involved the extensive use of secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the omega-3 market.

Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, and market classification and segmentation as per the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

Extensive primary research was conducted after obtaining information regarding the omega-3 market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and South America. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, research, and development teams, and related key executives from distributors, and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to type, source, application, and region.

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Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the Omega-3 Market. These approaches were also used extensively to estimate the size of various dependent submarkets. The research methodology used to estimate the market size includes the following:

• Key players were identified through extensive secondary research.
• Primary and secondary research determined the industry’s value chain and market size.
• All percentage share splits and breakdowns were determined using secondary sources and verified through primary sources.
• All the possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
• The following figure provides an illustrative representation of the complete market size estimation process implemented in this research study for an overall estimation of the omega-3 market in a consolidated format.

The following sections (bottom-up & top-down) depict the overall market size estimation process employed for the purpose of this study.

Global Omega-3 Market: Bottom-Up Approach

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Global Omega-3 Market: Top-Down Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. To estimate the overall omega-3 market and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. The market size was also validated using both the top-down and bottom-up approaches.

Market Definition

According to the US Department of Health & Human Services, “Omega-3 fatty acids (omega-3s) have a carbon-carbon double bond located three carbons from the methyl end of the chain. Omega-3s, sometimes referred to as “n-3s,” are present in certain foods, such as flaxseed and fish, as well as dietary supplements, such as fish oil. Several different omega-3s exist, but the majority of scientific research focuses on three: alpha-linolenic acid (ALA), eicosapentaenoic acid (EPA), and docosahexaenoic acid (DHA). ALA contains 18 carbon atoms, whereas EPA and DHA are considered “long-chain” (LC) omega-3s because EPA contains 20 carbons, and DHA contains 22. ALA is found mainly in plant oils, such as flaxseed, soybean, and canola oils. DHA and EPA are found in fish and other seafood.”

Key Stakeholders

• Manufacturers, dealers, and suppliers of omega-3
• Government bodies
• API, pharmaceutical products, and fortified food manufacturers
• Fisheries and farms
• Intermediate suppliers, such as retailers, wholesalers, and distributors
• Raw material suppliers
• Technology providers
• Industry associations
• Regulatory bodies and institutions
  • World Health Organization (WHO)
  • Code of Federal Regulations (CFR)
  • US Food and Drug Administration (FDA)
  • Codex Alimentarius Commission (CAC)
  • EUROPA
  • United States Department of Agriculture (USDA)
  • Food Processing Suppliers Association (FPSA)
• Logistic providers & transporters
• Research institutes and organizations
• Consulting companies/consultants in the agricultural and animal farming technology sectors 

Report Objectives

Market Intelligence

• Determining and projecting the size of the omega-3 market with respect to type, source, application, and region.
• Identifying the attractive opportunities in the market by determining the largest and fastest-growing segments
• Providing detailed information about the key factors influencing the market growth (drivers, restraints, opportunities, and industry-specific challenges)
• Providing the regulatory framework and market entry process related to the omega-3 market.
• Analyzing the micro markets with respect to individual growth trends, prospects, and their contribution to the total market.

Competitive Intelligence

• Identifying and profiling the key players in the omega-3 market
• Providing a comparative analysis of market leaders based on the following:
• Product offerings
• Business strategies
• Strengths and weaknesses
• Key financials
• Understanding the competitive landscape and identifying the major growth strategies players across the country adopt.
• Providing insights on key product innovations and investments in the omega-3 market.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

The following customization options are available for the report:

Product Analysis

• Product Matrix, which gives a detailed comparison of the product portfolio of each company.

Geographic Analysis

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

• Further breakdown of the Rest of Europe into Belgium, Poland, Sweden, and other EU & non-EU countries
• Further breakdown of the Rest of Asia Pacific into Taiwan, South Korea, Indonesia, Malaysia, Thailand, the Philippines, Bangladesh, Singapore, and Vietnam.  
• Further breakdown of the Rest of South America into Chile, Peru, Uruguay, Venezuela, Colombia, and other South American countries

Company Information

• Detailed analyses and profiling of additional market players (up to five)