| Product Code: ETC4548625 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India omega-3 market import shipments exhibited robust growth with a CAGR of 27.1% from 2020 to 2024. The market saw accelerated expansion between 2023 and 2024, with a growth rate of 28.8%. Overall, the market expanded consistently, showing strong momentum and a positive upward trend.
The omega-3 market in India has witnessed notable growth in recent years, driven by the rising awareness of the health benefits associated with these essential fatty acids. Omega-3 fatty acids, found in fish, algae, and certain plant sources, are recognized for their potential in promoting heart health, cognitive function, and overall well-being. As consumers become more health-conscious and look for natural ways to improve their diet, the demand for omega-3 supplements and fortified food products has increased. The omega-3 market is expected to continue to grow as consumers prioritize their health and seek out such functional ingredients.
The India omega-3 market is experiencing growth due to several significant drivers. Omega-3 fatty acids are essential nutrients known for their various health benefits, particularly in heart and brain health. As consumers become more health-conscious, there is a growing demand for omega-3-rich products and dietary supplements. Omega-3 is a key component of the dietary supplement market, with applications in heart health, brain health, and overall well-being. Additionally, omega-3`s role in the food and beverage industry, particularly in fortifying various products, contributes to the market`s expansion. With ongoing research and awareness of omega-3`s health benefits, the market is expected to continue to grow in India.
The India omega-3 market faces multiple challenges. One of the primary obstacles is the limited awareness among consumers about the health benefits of omega-3 fatty acids, which are essential for heart and brain health. This lack of awareness translates into a slow adoption of omega-3-rich products. Sourcing high-quality omega-3 ingredients, particularly from marine sources, can be challenging due to concerns about sustainability and potential contamination. Regulatory hurdles related to labeling and health claims also affect the industry`s growth potential. Furthermore, competition from alternative sources of omega-3 and changing consumer preferences add to the market`s complexity. Lastly, ensuring product stability and preventing oxidation of omega-3 during processing and storage is a significant technical challenge for the industry.
The COVID-19 pandemic has significantly impacted the India Omega-3 market. With the outbreak, there has been a growing awareness of the importance of maintaining a healthy immune system, and Omega-3 fatty acids are known for their potential health benefits. This has driven a surge in demand for Omega-3 supplements and fortified food products. Consumers have become more health-conscious and are seeking products that can enhance their overall well-being. However, supply chain disruptions and lockdown measures have caused logistical challenges, affecting the availability of Omega-3 products. As a result, the market has seen fluctuations in pricing and availability. The pandemic has highlighted the importance of Omega-3 fatty acids in supporting overall health, which is expected to drive sustained growth in this market.
Key players in the India Omega-3 market include Epax, Croda International, Omega Protein, and BASF.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Omega-3 Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Omega-3 Market Revenues & Volume, 2021 & 2031F |
3.3 India Omega-3 Market - Industry Life Cycle |
3.4 India Omega-3 Market - Porter's Five Forces |
3.5 India Omega-3 Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Omega-3 Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Omega-3 Market Revenues & Volume Share, By Source, 2021 & 2031F |
4 India Omega-3 Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the health benefits of omega-3 fatty acids |
4.2.2 Rising incidence of lifestyle diseases such as cardiovascular diseases and obesity |
4.2.3 Growing demand for functional food and dietary supplements |
4.3 Market Restraints |
4.3.1 High cost associated with omega-3 products |
4.3.2 Limited availability of sustainable sources of omega-3 |
4.3.3 Regulatory challenges and lack of stringent quality control measures |
5 India Omega-3 Market Trends |
6 India Omega-3 Market, By Types |
6.1 India Omega-3 Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Omega-3 Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Omega-3 Market Revenues & Volume, By DHA, 2021-2031F |
6.1.4 India Omega-3 Market Revenues & Volume, By EPA, 2021-2031F |
6.1.5 India Omega-3 Market Revenues & Volume, By ALA, 2021-2031F |
6.2 India Omega-3 Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Omega-3 Market Revenues & Volume, By Dietary Supplements, 2021-2031F |
6.2.3 India Omega-3 Market Revenues & Volume, By Functional Foods & Beverages, 2021-2031F |
6.2.4 India Omega-3 Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.5 India Omega-3 Market Revenues & Volume, By Infant Formula, 2021-2031F |
6.2.6 India Omega-3 Market Revenues & Volume, By Pet Food & Feed, 2021-2031F |
6.3 India Omega-3 Market, By Source |
6.3.1 Overview and Analysis |
6.3.2 India Omega-3 Market Revenues & Volume, By Marine , 2021-2031F |
6.3.3 India Omega-3 Market Revenues & Volume, By Plant, 2021-2031F |
7 India Omega-3 Market Import-Export Trade Statistics |
7.1 India Omega-3 Market Export to Major Countries |
7.2 India Omega-3 Market Imports from Major Countries |
8 India Omega-3 Market Key Performance Indicators |
8.1 Consumer adoption rate of omega-3 fortified products |
8.2 Number of new product launches in the omega-3 market |
8.3 Level of investment in research and development for omega-3 products |
8.4 Percentage of population meeting recommended omega-3 intake levels |
8.5 Consumer perception and trust in omega-3 products |
9 India Omega-3 Market - Opportunity Assessment |
9.1 India Omega-3 Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Omega-3 Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Omega-3 Market Opportunity Assessment, By Source, 2021 & 2031F |
10 India Omega-3 Market - Competitive Landscape |
10.1 India Omega-3 Market Revenue Share, By Companies, 2024 |
10.2 India Omega-3 Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |