Asia-Pacific Omega-3 Products Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.30 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Omega-3 Products Market Analysis
The Asia-Pacific omega-3 products market is projected to register a CAGR of 9.3% during the forecast period, 2020-2025.
The Asian market for omega-3 products is an emerging and one of the fastest-growing markets. The dietary supplements sector has the highest consumer base in terms of volume and value in the omega-3 market, followed by the food and beverage fortification sector.
The shift in consumer preference toward a healthy diet comprising omega-3 ingredients and the use of fish oil in Southeast Asia are expected to boost the sales of omega-3 in the Asia-Pacific region.
Asia-Pacific Omega-3 Products Market Trends
This section covers the major market trends shaping the APAC Omega-3 Market according to our research experts:
Infants Formula Driving the Market Growth in the Region
The importance of omega-3 in infant nutrition in the Asia-Pacific region stands unparalleled; and as a result, there is a gigantic demand for omega-3 products. This increasing demand for infant nutrition is driving the omega-3 market in Asia-Pacific, supported by the health attributes it delivers for pre- and post-natal.
China and India are the world's largest consumers of infant formula products, due to high birth rates in the countries. China accounted for about one-third of the infant formula market in 2015, whereas infant formula is also the largest segment of baby food in India, where an annual average of childbirth is over 25 million children. Due to the increasing demand for high nutritional food for infants in the developing economies of Asia, such as China and India, a further increase in the consumption of omega-3 products is expected in the region.
Increasing Demand from the Aging Population
With populations across the world living longer, there is a growing focus on healthy aging that transforms into a meaningful lifespan without major chronic diseases and with good physical and mental function. Countries, such as Japan, are experiencing a "super-aging" society, both, in rural and urban areas. According to 2014 estimates by Bloomberg, 33.0% of the Japanese population was above the age of 60, 25.9% were aged 65 or above, and 12.5% were aged 75 or above.
Higher blood levels of omega-3 fatty acids found in seafood are associated with a higher likelihood of healthy aging among older adults. The above-mentioned factor, in turn, impacts the manufacturers operating in the region positively to target specific countries that have an increasing propensity, in terms of old age population.
Asia-Pacific Omega-3 Products Industry Overview
Some of the leading manufactures in Asia-Pacific for omega-3 products are Unilever, Amway, and Nestle. Asia is witnessing an increasing preference for omega-3 products, which is enabling, both, global and regional omega-3 manufacturers to expand their product portfolios and innovate their existing product lines, to serve the increasing health needs of the Asia-Pacific consumers.
Asia-Pacific Omega-3 Products Market Leaders
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Unilever
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Nestle
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HealthViva
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Amway
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Abbott Laboratories
*Disclaimer: Major Players sorted in no particular order
Asia-Pacific Omega-3 Products Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Functional Food
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5.1.2 Dietary Supplements
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5.1.3 Infant Nutrition
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5.1.4 Pet Food and Feed
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5.1.5 Pharmaceuticals
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5.2 By Distribution Channel
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5.2.1 Grocery Retailers
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5.2.2 Pharmacies and Drug Store
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5.2.3 Internet Retailing
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5.2.4 Other Distribution Channels
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5.3 By Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 Australia
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5.3.1.5 Rest of Asia-Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Position Analysis
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6.4 Company Profiles
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6.4.1 Unilever
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6.4.2 Amway Corp.
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6.4.3 Herbalife Nutrition
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6.4.4 Nestle SA
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6.4.5 Reckitt Benckiser Group PLC
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6.4.6 Abbott Laboratories
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6.4.7 Healthvita
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Asia-Pacific Omega-3 Products Industry Segmentation
The Asia-Pacific omega-3 products market is segmented by product type as functional food, dietary supplements, infant nutrition, pet food and feed, and pharmaceutical. By distribution channel, the market is segmented into grocery retailers, pharmacies, health stores, internet retailing, and other distribution channels. Based on geography, the report provides an analysis of China, Japan, India, Australia, and the Rest of Asia-Pacific.
| By Product Type | |
| Functional Food | |
| Dietary Supplements | |
| Infant Nutrition | |
| Pet Food and Feed | |
| Pharmaceuticals |
| By Distribution Channel | |
| Grocery Retailers | |
| Pharmacies and Drug Store | |
| Internet Retailing | |
| Other Distribution Channels |
| By Geography | |||||||
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Asia-Pacific Omega-3 Products Market Research FAQs
What is the current Asia-Pacific Omega-3 Products Market size?
The Asia-Pacific Omega-3 Products Market is projected to register a CAGR of 9.30% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Omega-3 Products Market?
Unilever, Nestle, HealthViva, Amway and Abbott Laboratories are the major companies operating in the Asia-Pacific Omega-3 Products Market.
What years does this Asia-Pacific Omega-3 Products Market cover?
The report covers the Asia-Pacific Omega-3 Products Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Omega-3 Products Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
APAC Omega-3 Products Industry Report
Statistics for the 2024 APAC Omega-3 Products market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. APAC Omega-3 Products analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
