Global Omega 3 for Food Ingredients Market Segmentation, By Source (Plant Source and Marine Source), Product Type (Docosahexaenoic Acid (DHA), Eicosapentaenoic Acid (EPA), and Alpha-Linolenic Acid (ALA)), Application (Dietary Supplements, Functional Foods and Beverages, Pharmaceuticals, Infant Formula, and Pet Food and Feed) – Industry Trends and Forecast to 2031.
Omega 3 for Food Ingredients Market Analysis
The omega-3 for food ingredients market is experiencing robust growth, driven by increasing consumer awareness of the health benefits associated with omega-3 fatty acids and a rising demand for functional foods. As consumers become more health-conscious, there is a growing preference for food products fortified with omega-3s due to their proven benefits in cardiovascular health, brain function, and inflammation reduction. This trend is further supported by the expanding range of omega-3-enriched products, including dairy items, bakery goods, snacks, beverages, and dietary supplements. The market is bolstered by advancements in extraction and formulation technologies, which improve the stability and bioavailability of omega-3s in various food matrices.
Omega 3 for Food Ingredients Market Size
Global omega 3 for food ingredients market size was valued at USD 3.95 billion in 2023 and is projected to reach USD 10.73 billion by 2031, with a CAGR of 13.30% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Source (Plant Source and Marine Source), Product Type (Docosahexaenoic Acid (DHA), Eicosapentaenoic Acid (EPA), and Alpha-Linolenic Acid (ALA)), Application (Dietary Supplements, Functional Foods and Beverages, Pharmaceuticals, Infant Formula, and Pet Food and Feed)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America
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Market Players Covered
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Cargill, Incorporated (US), BASF SE (Germany), DSM (Netherlands), Orkla (Norway), Croda International Plc (UK), Lonza (Switzerland), KD Pharma Group (Germany), Corbion (Netehrlands), GC Rieber (India), Epax (Norway), Runke Bioengineering (China), Nordic Naturals, Inc. (US), Golden Omega (Chile), Kinomega Biopharm Inc. (China), Sinomega Biotech Engineering Co. Ltd. (China), Polaris (US), Pharma Marine AS (Norway), Huatai Biopharm (China), ALGISYS LLC (US), Biosearch Life (Spain)
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Market Opportunities
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Omega 3 for Food Ingredients Market Definition
Omega-3 for food ingredients refers to a type of essential polyunsaturated fatty acids that are crucial for human health but cannot be synthesized by the body. These include alpha-linolenic acid (ALA), eicosapentaenoic acid (EPA), and docosahexaenoic acid (DHA). Omega-3s are incorporated into various food products, such as dietary supplements, fortified foods, and functional beverages, to enhance their nutritional value.
Omega 3 for Food Ingredients Market Dynamics
Drivers
- Increasing Consumer Health Awareness
As consumers become more informed about the positive impact of omega-3s on cardiovascular health, brain function, and inflammation reduction, they are increasingly seeking to incorporate these essential nutrients into their diets. For instance, Nuseed Global launched Nuseed Nutriterra, a plant-based oil enriched with omega-3, in May 2023, designed specifically to cater to the human nutrition and dietary supplement markets. This heightened awareness is leading to a greater demand for foods and supplements that are fortified with omega-3s, as individuals strive to improve their overall health and prevent chronic conditions. Growing awareness about the health benefits of omega-3 fatty acids is significantly driving the demand for omega 3 ingredients market.
- Rising Prevalence of Chronic Diseases
Omega-3s are well-regarded for their potential to mitigate the risk of cardiovascular issues, support metabolic health, and improve cognitive function. As these health conditions become more widespread, individuals are turning to omega-3-enriched products as part of a proactive approach to managing their health. This trend underscores the growing demand for omega-3 ingredients in the food and supplement markets, as consumers increasingly recognize their role in addressing and managing chronic health conditions. The rising prevalence of chronic diseases such as heart disease, diabetes, and mental health disorders is driving consumers to seek dietary supplements and functional foods rich in omega-3 fatty acids for both prevention and management.
Opportunities
- Expansion of Functional and Fortified Foods
The growing market for functional foods and beverages is significantly fueling the demand for omega-3 ingredients. Consumers are increasingly seeking out omega 3 ingredients, such as dairy items, cereals, snacks, and beverages, which offer added nutritional benefits beyond basic sustenance. This trend towards functional foods reflects a broader consumer desire for products that not only taste good but also contribute to overall health and wellness. The expansion of omega-3-fortified options aligns with the rising interest in foods that offer specific health benefits, creating a lucrative opportunity for manufacturers to develop and market innovative products that cater to this growing consumer preference.
- Advancements in Extraction and Formulation Technologies
Innovations in extraction and formulation technologies have greatly enhanced the stability, bioavailability, and sensory attributes of omega-3s in various food products. These advancements ensure that omega 3 ingredients can be effectively incorporated into a wide range of foods without compromising their quality or consumer appeal. Improved technologies enable manufacturers to produce omega-3-enriched products that maintain their nutritional value, flavor, and texture throughout their shelf life. As a result, these innovations make omega-3 ingredients more attractive to both manufacturers and consumers, facilitating broader use and acceptance in the food industry.
Restraints/Challenges
- High Raw Material Costs
Fluctuations in the prices of raw materials, particularly fish oil, present a significant challenge for the omega-3 ingredients market. The cost of sourcing high-quality fish oil, which is a primary source of omega-3s, can vary due to factors such as supply chain disruptions, environmental conditions, and market demand. These price fluctuations impact production costs and can result in higher prices for omega-3-enriched products. Manufacturers must navigate these cost challenges while maintaining product affordability and quality, which can affect overall market growth and profitability.
- Quality and Purity Concerns of Omega 3
Ensuring the quality and purity of omega-3 ingredients is critical for maintaining consumer trust and meeting regulatory standards. Contaminants such as heavy metals and toxins can pose significant risks, making rigorous quality control essential. Manufacturers must invest in advanced testing and purification processes to ensure that their omega-3 products are safe and effective. Addressing these quality and purity concerns is crucial for overcoming potential barriers to market growth and ensuring that omega-3 ingredients continue to be a trusted and valued component of health and wellness products.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Latest Developments in Omega 3 for Food Ingredients Market
- In May 2024, MegaFood, a certified B Corporation and member of 1% for the Planet, known for its planet-first vitamins and minerals, announced the launch of Omega 3-6-9. This new plant-powered complex features a distinctive blend of essential 3-6-9 fatty acids and delivers 600 mg of Omega-3 to support heart, brain, vision, and joint health
- In March 2024, Bioriginal Food & Science Corp. (“Bioriginal”), a wholly owned subsidiary of Cooke Inc. (“Cooke”), introduced a new range of sustainable omega-3 oils sourced from fish, algae, and plants, employing technology from POS Biosciences. This new product line combines innovative fish oil with highly concentrated, environmentally friendly algal DHA
- In March 2023, Epax revealed a USD 40 billion investment in advanced molecular distillation technology to enhance the processing of highly concentrated omega-3s
Omega 3 for Food Ingredients Market Scope
The market is segmented on the basis of source, product type, and application. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Source
- Marine Source
- Fish Oil
- Algal Oil
- Krill Oil
- Others
- Plant Source
- Nuts & Seeds
- Vegetable Oils
- Soy
Product Type
- Docosahexaenoic Acid (DHA)
- Eicosapentaenoic Acid (EPA)
- Alpha-Linolenic Acid (ALA)
Application
- Dietary Supplements
- Functional Foods and Beverages
- Pharmaceuticals
- Infant Formula
- Pet Food and Feed
Omega 3 for Food Ingredients Market Regional Analysis
The market is analyzed and market size insights and trends are provided by country, source, product type, and application as referenced above.
The countries covered in the market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.
North America is expected to dominate the market due to a heightened awareness among consumers about the health benefits of omega-3 fatty acids. In the region, there is a well-established understanding of how omega-3s contribute to cardiovascular health, brain function, and overall well-being.
Asia-Pacific is expected to show significant growth due to the rising obesity rates across the region, which is prompting consumers to seek dietary solutions that can aid in weight management and overall health improvement. As awareness of the benefits of omega-3 fatty acids grows, there is an increasing demand for omega-3-enriched products such as dietary supplements, functional foods, and beverages.
The country section of the report also provides individual market-impacting factors and changes in market regulation that affect the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Omega 3 for Food Ingredients Market Share
The market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, regional presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on the market.
Some of the major market players operating in the market are:
- Cargill, Incorporated (US)
- BASF SE (Germany)
- DSM (Netherlands)
- Orkla (Norway)
- Croda International Plc (UK)
- Lonza (Switzerland)
- KD Pharma Group (Germany)
- Corbion (Netehrlands)
- GC Rieber (India)
- Epax (Norway)
- Runke Bioengineering (China)
- Nordic Naturals, Inc. (US)
- Golden Omega (Chile)
- Kinomega Biopharm Inc. (China)
- Sinomega Biotech Engineering Co. Ltd. (China)
- Polaris (US)
- Pharma Marine AS (Norway)
- Huatai Biopharm (China)
- ALGISYS LLC (US)
- Biosearch Life (Spain)
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