Global Omega 3 Market Segmentation, By Type (ALA, EPA, DHA), Source (Fish Oil and Krill Oil, Algal Oil, Walnut, Pumpkin Seeds, Soybean Oil, Canola Oil, Bean Curd, Others), Application (Dietary Supplement, Pharmaceutical, Infant Formula, Food & Beverage, Pet Food, Fish Feed), – Industry Trends and Forecast to 2031.
Omega 3 Market Analysis
Deaths from cardiovascular disease have recently increased around the world, which tends to boost the omega-3 market. Cardiovascular disease has increased in Western Sub-Saharan Africa and South Asia. Omega-3 fatty acids, which can be found in supplements and naturally in foods like certain fish, nuts, and seeds, have long been touted for their health benefits, particularly for heart health. However, rising chronic diseases such as heart disease, arthritis, strokes, and cancer are expected to drive up demand for omega-3 fatty acids around the world.
Omega 3 Market Size
Global Omega 3 market size was valued at USD 2.78 billion in 2023 and is projected to reach USD 5.70 billion by 2031, with a CAGR of 9.40% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Omega 3 Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Key Market Players
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DSM (Netherlands), BASF SE (Germany), Lonza Group (Switzerland), Glanbia Plc (Ireland), ADM (US), Farbest Brands (U.S), SternVitamin GmbH & Co. KG (Germany), Adisseo (France), BTSA Biotechnologias Aplicadas S.L. (Spain)Rabar Pty Ltd (Australia) 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), and Biosearch Life (Spain)
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Market Opportunities
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Omega 3 Market Definition
Plants, nut oils, and fish such as tuna, salmon, and halibut, as well as other sea foods such as krill and algae, contain omega 3 fatty acids. Omega 3 fatty acids are essential fatty acids required for human health. These fatty acids are essential for brain function as well as human growth and development. Omega-3 fatty acid consumption lowers the risk of chronic diseases such as cancer, heart disease, and arthritis.
Omega 3 Market Dynamics
Drivers
- Rising health awareness of consumption Omega 3s
The omega-3 fatty acids help to reduce the risk of abnormal heartbeats or arrhythmias, which can result in the patient's sudden death. It also aids in the reduction of triglyceride levels, the slowing of the growth rate of atherosclerotic plaque, and the reduction of blood pressure. Consumers are increasingly shifting to healthier alternatives while viewing preventive care as a necessary tool to assist them in leading a healthier lifestyle. As a result, Omega 3s are becoming more popular because they are a good source of vitamins, proteins, and minerals and can help with diseases like cancer, asthma, and depression.
- Marketing strategies and endorsements to boost market growth
Some of the factors that influence consumers' purchasing decisions are brand name, nutritional value, and product safety. Awareness of the benefits of omega-3-based supplements through various forms of media, including electronic and print, is also likely to influence purchasing behaviour. Fish consumption is expected to rise further, particularly in developing countries. Fish oil is the primary source of Omega 3s.
Opportunity
The increasing application of omega 3 fatty acids in pet food and pharmaceuticals is boosting the market, as are increasing public initiatives associated with health and fitness, which further aid the market. The growing consumer awareness of the health benefits of omega-3 is driving the demand for market players to innovate in order to remain competitive. On the other hand, the technology delivers odorous oils in a micro-emulsified formulation that is designed to increase surface absorption. The OmegaZero Technology aids in the emulsification of odoriferous oil in the gut rather than forming a layer on the surface of the gastric juice, significantly reducing the oil's contact surface with air.
Restraints
However, uneven fish capture and rising demand for fish from other application sources reduce their availability at a lower cost, limiting market growth. Increasing environmental, metal, and hazardous pollutants in fish are making them toxic for consumption, which is expected to limit the segment's growth. Furthermore, increased regulations on fishing activities to protect fish species are expected to have an impact on the industry's raw material supply.
This omega 3 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 omega 3 market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Omega 3 Market
The COVID-19 has also created opportunities for manufacturers of health-related products, particularly dietary supplements. In recent years, the outbreak of coronavirus 2nd wave in 2021 has influenced consumers to consume dietary supplements in their daily lives in order to protect themselves from severe respiratory syndrome coronavirus, which has resulted in a significant increase in the demand for omega 3 fatty acids, boosting the omega 3 product market.
Omega 3 Market Scope
The omega 3 market is segmented on the basis of source, type and application. The growth amongst these segments will help you analyze meagre 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
- Fish oil
- Anchovy
- Sardine
- Salmon
- Tuna
- Cod liver
- Others
- Krill oil
- Algal oil
- Nuts and seeds
- Walnut
- Pumpkin seeds
- Others
- Vegetable oils
- Soybean oil
- Canola oil
- Others
- Soya and soya products
- Soya milk
- Bean curd
Type
- ALA (αlpha-linolenic acid)
- EPA (eicosapentaenoic acid)
- DHA (docosahexaenoic acid)
Application
- Infant formula
- Food & beverages
- Nutritional supplement
- Pharmaceutical
- Pet & animal feed
- Clinical nutrition
Omega 3 Market Regional Analysis
The omega 3 market is analyzed and market size insights and trends are provided by country, source, type and application as referenced above.
The countries covered in the omega 3 market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the omega 3 market due to the increasing occurrences of chronic diseases, as well as the prevalence of improved medication and better health supplements, whereas Europe is expected to grow from 2024 to 2031 due to the growing geriatric population, as well as rising usage in treating obesity.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Omega 3 Market Share
The omega 3 market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to omega 3 market.
Omega 3 Market Leaders Operating in the Market Are:
- DSM (Netherlands)
- BASF SE (Germany)
- Lonza Group (Switzerland)
- Glanbia Plc (Ireland)
- ADM (US)
- Farbest Brands (US)
- SternVitamin GmbH & Co. KG (Germany)
- Adisseo (France)
- BTSA Biotechnologias Aplicadas S.L. (Spain)
- Rabar Pty Ltd (Australia)
- 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)
Latest Developments in Omega 3 Market
- Natures Crops International announced the release of industry-first functional gummy supplements containing Ahiflower oil in 2021. Ahiflower is a regeneratively grown vegan alternative to fish and flax oils, offering comprehensive omega nutrition and health benefits supported by human clinical trials and the most complete and balanced omegas
- Coromega, a Quadra Ingredients company, announced the launch of Coromega Pup Packets, their first Omega-3 liquid squeeze supplement for dogs, in 2021. Each Pup Packet contains thirty times the omega-3 content of a typical pet chew
- Nordic Naturals will enter the beauty category in 2021 with new skin health supplements. Nordic Beauty Omega-3 + Borage Oil, which combines highly concentrated EPA+DHA from fish oil and gamma-linolenic acid (GLA) from borage seed oil to provide comprehensive support for healthy skin, is one of the misses
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