Global Omega-3 PUFA Market, 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 2029.
Omega 3 PUFA Market Analysis and Size
Nutrition is a widely accepted tool for preventing chronic diseases, which are becoming more prevalent. Omega 3 fatty acids are required for normal growth and development. They may be valuable in preventing and treating various chronic diseases, including coronary artery disease, hypertension, diabetes, arthritis, other inflammatory and autoimmune disorders, and cancer.
Data Bridge Market Research analyses that the omega-3 PUFA market was valued at USD 2.32 billion in 2021 and is expected to reach the value of USD 4.76 billion by 2029, at a CAGR of 9.40% during the forecast period of 2022-2029. 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.
Omega 3 PUFA Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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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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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)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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DSM (Netherlands), BASF SE (Germany), Lonza Group (Switzerland), Glanbia Plc (Ireland), ADM (U.S.), 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 (U.S.), Pharma Marine AS (Norway), Huatai Biopharm (China), ALGISYS LLC (U.S.), and Biosearch Life (Spain)
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Opportunities
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Market Definition
The omega-3 PUFA market is classified as polyunsaturated fatty acids, which also include eicosatetraenoic acid (EPA) and docosahexaenoic acid (DHA) and aid in the promotion of healthy skin and overall immunity of the entire body. Consumption of omega-3 fatty acids reduces the risk of chronic diseases such as cancer, heart disease, and arthritis.
Global Omega 3 PUFA Market Dynamics
Drivers
- Various health benefits associated with omega-3 fatty acids
The omega-3 fatty acids help to lower the risk of abnormal heartbeats or arrhythmias, which can lead to sudden death. It also aids in lowering triglyceride levels, slowing the growth rate of atherosclerotic plaque, and lowering blood pressure. Consumers are increasingly opting for healthier alternatives, and they see preventive care as a necessary tool to help them live a healthier lifestyle. As a result, Omega-3 fatty acids are becoming more popular because they are high in vitamins, proteins, and minerals and can aid in the treatment of diseases such as cancer, asthma, and depression.
- Marketing strategies and promotions are augmenting market growth
Brand name, nutritional value, and product safety are all factors that influence consumer purchasing decisions. The benefits of omega-3 based supplements are likely to influence purchasing behaviour through various forms of media, including electronic and print. Fish consumption is expected to rise even more in the coming years, particularly in developing countries. The primary source of Omega 3s is fish oil.
Opportunities
The increasing use of omega-3 fatty acids in pet food and pharmaceuticals, as well as increased public initiatives related to health and fitness, are boosting the market. The growing consumer awareness of omega-3's health benefits is driving the need for market players to innovate in order to compete. In contrast, the technology delivers odorous oils in a micro-emulsified formulation designed to increase surface absorption. The OmegaZeroTechnology helps odoriferous oil emulsify in the gut rather than forming a layer on the surface of the gastric juice, reducing the oil's contact surface with air significantly.
Restraints
However, uneven fish capture and rising demand from other application sources reduce their availability at a lower cost, limiting market growth. Increasing levels of environmental, metal, and hazardous pollutants in fish are making them toxic for consumption, limiting the segment's growth. Furthermore, increased fishing regulations to protect fish species are expected to impact the industry's raw material supply.
This omega-3 PUFA 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 PUFA 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 PUFA Market
The COVID-19 has also created opportunities for health-related product manufacturers, particularly dietary supplement manufacturers. In recent years, the outbreak of the second wave of coronavirus in 2021 has influenced consumers to consume dietary supplements in their daily lives in order to protect themselves from the severe respiratory syndrome coronavirus, resulting in a significant increase in demand for omega-3 fatty acids, boosting the omega 3 product market..
Recent Development
- In 2021, Natures Crops International announced the release of industry-first functional gummy supplements containing Ahiflower oil. 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.
- In 2021, Coromega, a Quadra Ingredients company, announced the launch of Coromega Pup Packets, their first Omega-3 liquid squeeze supplement for dogs. Each Pup Packet contains thirty times the omega-3 content of a typical pet chew.
- In 2021, Nordic Naturals will enter the beauty category 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.
Global Omega-3 Market Scope
The omega-3 PUFA 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 PUFA Market Regional Analysis/Insights
The omega-3 PUFA market is analysed and market size insights and trends are provided by country, source, type and application as referenced above.
The countries covered in the omega-3 PUFA market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the omega-3 PUFA market because of the increasing prevalence of chronic diseases, as well as the prevalence of improved medication and better health supplements, whereas Europe is expected to grow from 2022 to 2029 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.
Competitive Landscape and Omega-3 PUFA Market Share Analysis
The omega-3 PUFA 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 PUFA market.
Some of the major players operating in the omega-3 PUFA market are:
- DSM (Netherlands)
- BASF SE (Germany)
- Lonza Group (Switzerland)
- Glanbia Plc (Ireland)
- ADM (U.S.)
- 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 (U.S.)
- Pharma Marine AS (Norway)
- Huatai Biopharm (China)
- ALGISYS LLC (U.S.)
- Biosearch Life (Spain)
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