Global Omega-3 PUFA Market

Omega-3 PUFA Market Size, Share, Growth Analysis, By Type(Marine Source and Plant Source), By Source(High Concentration, Medium Concentration, and Low Concentration), By Concentration(Supplements & Functional Foods, Pharmaceuticals, Infant Formula, Animal Feed & Pet Food and others), By Region - Industry Forecast 2024-2031


Report ID: SQMIG30C2085 | Region: Global | Published Date: February, 2024
Pages: 242 |Tables: 89 |Figures: 76

Omega-3 PUFA Market Insights

Omega-3 PUFA Market size was valued at USD 2.25 billion in 2019 and is poised to grow from USD 2.43 billion in 2023 to USD 4.45 billion by 2031, growing at a CAGR of 7.8% in the forecast period (2024-2031).

Omega-3 Fats are a crucial component of cell membranes all across the body, and they have an impact on how cell receptors in these membranes work. They serve as the precursor for the production of hormones that control inflammation, arterial wall contraction and relaxation, and blood clotting. Eicosapentaenoic acid (EPA), docosahexaenoic acid (DHA), and alpha-linolenic acid (ALA), three members of the family of lipids known as omega-3 polyunsaturated fatty acids (PUFA), are essential for the growth and development of the body as well as having several health advantages. They are thought to be wholesome and necessary for cell development and brain health. Since the human body is unable to create PUFA on its own, it is crucial to rely on external supplements to give the body these vital fats. Clinical research has demonstrated the benefits of omega-3 PUFAs in treating and preventing a variety of disorders, including inflammation, cancer, rheumatoid arthritis, coronary heart disease, and neurodegenerative, neuropsychiatric, and cancerous conditions. Because omega-3 PUFA supplements are frequently prescribed by cardiologists and other doctors, they have become the most popular dietary supplements globally. Additionally, there is a growing need for omega-3 in nutritional supplements, infant formula, functional food & drinks, animal feed & pet food, and infant formula. The expansion of the market is anticipated to be driven by commercial manufacturing methods throughout the course of the projected period.

US Omega-3 PUFA Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 2.25 billion

Largest Segment

DHA

Fastest Growth

DHA

Growth Rate

7.8% CAGR

Global Omega-3 PUFA Market ($ Bn)
Country Share for North America Region (%)

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Omega-3 PUFA Market Segmental Analysis

Global Omega-3 PUFA Market is segmented based on the type, source, concentration, application and region. Based on type, the Market is segmented into Docosahexaenoic acid (DHA), Eicosapentaenoic acid (EPA) and Alpha-linolenic acid (ALA). Based on source, the market is bifurcated into marine source and plant source. According to concentration it is categorized into High Concentration, Medium Concentration, and Low Concentration. On the basis of application the omega-3 market is segmented into Supplements & Functional Foods, Pharmaceuticals, Infant Formula, Animal Feed & Pet Food and others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Omega-3 PUFA Market Analysis by Type

The segment of Docosahexaenoic acid (DHA) held the largest market share during 2021. In people with blood pressure issues, DHA helps lower bad cholesterol and enhance health. Demand for DHA omega 3 is anticipated to increase due to the increased prevalence of coronary heart disease worldwide. The main advancements, such as emulsion and technologies like microencapsulation and stabilisation, assisted in overcoming the problem of sensitivity to oxidation, which resulted in the expansion of the use of DHA in food and beverage applications, particularly in clear drinks.

The Eicosapentaenoic acid (EPA) segment is expected to grow at a high CAGR during the forecast period. The intake of these items can aid in reducing irregular heartbeats, which include inflammation, peripheral artery disease, major coronary events, and anticoagulation. This is because EPA can aid in the prevention and reversal of heart disease. Thus, the desire for a better lifestyle among consumers is ultimately directing per capita expenditure in this direction. Cold-water fish, nuts, seeds, and plant-based oils are some of the foods that contain eicosapentaenoic acid most frequently. Customers all throughout the world overwhelmingly like the health advantages that EPA offers.

Omega-3 PUFA Market Analysis by Source

The segment of marine source held the largest market share during 2021. Fish oil, which primarily comes from anchovy fish, is the principal marine source. Omega 3 prices fluctuate according to the availability of anchovy fish and are based on the cost of fish oil extraction and processing. Over the projected period, rising fish contamination from contaminants like mercury is anticipated to have a negative impact on fish oil prices.

The plant based source is expected to show substantial growth during the forecast period due to the increasing trend of veganism and current constraints in deep-sea fishing and environmental concerns. Omega-3 fatty acids derived from plants are more beneficial and more environmentally friendly. The market for plant-based omega-3 fatty acids is predicted to develop rapidly thanks to the adaptation of algae, a source of omega-3s that may be used instead of fish. Manufacturers include flaxseeds, chia seeds, and foods supplemented with hemp seeds, canola oil, and walnuts.

Global Omega-3 PUFA Market By Type, 2023 (%)

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Omega-3 PUFA Market Regional Insights

North America dominated the Global Omega-3 PUFA Market during 2021. Consumers' increasing willingness to spend more on nutritional products, the availability of fortified food products, and approval from the US Food and Drug Administration to include omega-3 supplements in a diet for improved heart health applications are the main factors propelling the market growth. To lower the risk of cardiac disease, the American Heart Association advises consuming one to two servings of seafood each week. The US, followed by Canada and Mexico, is a key contributor to the growth of the omega-3 PUFA market in North America.

Asia Pacific omega-3 market is expected to grow at a fast rate during the forecast period, having significant markets in Japan and China. The biggest market is China, which is followed by Japan and Australia. The market for omega 3 PUFA, particularly the consumption of EPA and DHA components in China, is being driven by the country's strong manufacturing base, expanding middle-class population, disposable money, and increased awareness of health issues. The demand for DHA-based additives for newborn nutritional formulas is anticipated to increase as a result of China's high birth rate and the recent elimination of the one-child policy. The Chinese EPA and DHA market's two main application sectors are infant formula and nutritional supplements. Given the rise in discretionary expenditure, the Chinese market for nutritional supplements is anticipated to become a profitable application area for EPA and DHA constituents.

Global Omega-3 PUFA Market By Region, 2024-2031
  • Largest
  • Fastest

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Omega-3 PUFA Market Dynamics

Omega-3 PUFA Market Drivers

Growing Awareness of Omega-3 Benefits to Bolster Market Growth

  • An important factor driving the demand for omega-3 polyunsaturated fatty acids is the growing public knowledge of the health advantages of these fats. The market for omega-3 polyunsaturated fatty acids is also being driven by the use of these fats in combination with omega-6 polyunsaturated fats to treat cancer and cardiovascular illnesses.
  • The increasing significance of immunity development has made the market's driving power more stronger. It is anticipated that product demand would increase as omega 3 components are increasingly included in diets to promote heart and brain health. Rising product demand is predicted as a result of sedentary lifestyles, the tendency toward working from home, and a lack of physical exercise, particularly among those between the ages of 30 and 40. The market's expansion is also projected to be aided by rising consumer spending on healthcare and wellbeing.

Omega-3 PUFA Market Restraints

Limited Supply might Hinder Market Growth

  • The factors that may hinder the omega-3 market growth during the forecast period are Limited fish oil supply, absence of daily recommended intake (RDI) and rigid and uncertain regulatory landscape. Additionally, the market's expansion is being constrained by the high cost of research and development operations as well as a lack of research.

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Omega-3 PUFA Market Competitive Landscape

Global Omega-3 PUFA Market is highly fragmented due to the presence of many global and local market players. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. Key players include Cargill, Incorporated, BASF SE, Corbion NV, Archer Daniels Midland Company and Croda International Plc. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.

Omega-3 PUFA Market Top Player's Company Profiles

  • DSM Nutritional Products
  • BASF SE
  • Croda International PLC
  • Omega Protein Corporation
  • FMC Corporation
  • GC Rieber Oils AS
  • Cargill, Incorporated
  • Lonza Group AG
  • Aker BioMarine AS
  • Nordic Naturals, Inc.
  • Novotech Nutraceuticals, Inc.
  • Corbion N.V.
  • KD Pharma Bexbach GmbH
  • Pharma Marine AS
  • Polaris
  • BioProcess Algae, LLC
  • Source Omega LLC
  • Golden Omega S.A.
  • Denomega Nutritional Oils AS
  • Sinomega Biotech Engineering Co., Ltd.

Omega-3 PUFA Market Recent Developments

  • In October 2022, The makers of the Omega-3 Index test, OmegaQuant, teamed with Seattle, Washington-based direct-to-consumer seafood provider Premier Catch.
  • In March 2022, Polaris, a pioneer in omega-3 fatty acids and a market leader in those with high concentrations of EPA (eicosapentaenoic acid) and DHA (docosahexaenoic acid), has announced that it is financing €5 million via its Health for Life CapitalTM fund, with Seventure Partners serving as the main investor.The firm, which has operations in South Korea, Japan, and most recently the United States, will be able to reinforce its position, develop its sustainable production facility in Brittany, France, and continue its global expansion with the help of this finance.

Omega-3 PUFA Key Market Trends

  • Omega-3 fatty acids are advantageous for heart health and inflammatory conditions because they contain anti-inflammatory effects. The researchers found that an excessive intake of omega-3 fatty acids occasionally altered immune function, resulting in an ineffective immunological response to a bacterial or viral illness. Coastal fish are rich in omega-3 fatty acids, but because of its widespread consumption, the oceans are running low in fish. Scientists have developed bioengineered algae and plants as a substitute source of PUFA oil for the manufacture of omega-3 fatty acids in order to address the shortfall. Due to its potential to create a significant amount of omega-3 long-chain PUFAs and ease of availability in the marine ecosystem, thraustochytrids, a kind of heterotrophic fungus, has drawn increased attention recently.

Omega-3 PUFA Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, the market for omega-3 PUFA is expanding gradually as a result of rising consumer knowledge of the health advantages of omega-3, increased emphasis on preventative healthcare, and enormous demand for omega-3 in medicines and functional foods. The market for omega-3 PUFAs is also expected to increase as a result of factors including the adoption of cutting-edge manufacturing technology and rising demand in emerging nations. Additionally, when chronic diseases are treated with omega-3 PUFA, the prevalence of chronic diseases is increasing, which benefits market expansion.

Report Metric Details
Market size value in 2023 USD 2.25 billion
Market size value in 2031 USD 4.45 billion
Growth Rate 7.8%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Marine Source and Plant Source
  • Source
    • High Concentration, Medium Concentration, and Low Concentration
  • Concentration
    • Supplements & Functional Foods, Pharmaceuticals, Infant Formula, Animal Feed & Pet Food and others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • DSM Nutritional Products
  • BASF SE
  • Croda International PLC
  • Omega Protein Corporation
  • FMC Corporation
  • GC Rieber Oils AS
  • Cargill, Incorporated
  • Lonza Group AG
  • Aker BioMarine AS
  • Nordic Naturals, Inc.
  • Novotech Nutraceuticals, Inc.
  • Corbion N.V.
  • KD Pharma Bexbach GmbH
  • Pharma Marine AS
  • Polaris
  • BioProcess Algae, LLC
  • Source Omega LLC
  • Golden Omega S.A.
  • Denomega Nutritional Oils AS
  • Sinomega Biotech Engineering Co., Ltd.
Customization scope

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Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Omega-3 PUFA Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Omega-3 PUFA Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Omega-3 PUFA Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Omega-3 PUFA Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Omega-3 PUFA Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Omega-3 PUFA Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Omega-3 PUFA Market size was valued at USD 2.25 billion in 2019 and is poised to grow from USD 2.43 billion in 2023 to USD 4.45 billion by 2031, growing at a CAGR of 7.8% in the forecast period (2024-2031).

Omega-3 PUFA Market is highly fragmented due to the presence of many and local market players. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. Key players include Cargill, Incorporated, BASF SE, Corbion NV, Archer Daniels Midland Company and Croda International Plc. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'DSM Nutritional Products', 'BASF SE', 'Croda International PLC', 'Omega Protein Corporation', 'FMC Corporation', 'GC Rieber Oils AS', 'Cargill, Incorporated', 'Lonza Group AG', 'Aker BioMarine AS', 'Nordic Naturals, Inc.', 'Novotech Nutraceuticals, Inc.', 'Corbion N.V.', 'KD Pharma Bexbach GmbH', 'Pharma Marine AS', 'Polaris', 'BioProcess Algae, LLC', 'Source Omega LLC', 'Golden Omega S.A.', 'Denomega Nutritional Oils AS', 'Sinomega Biotech Engineering Co., Ltd.'

An important factor driving the demand for omega-3 polyunsaturated fatty acids is the growing public knowledge of the health advantages of these fats. The market for omega-3 polyunsaturated fatty acids is also being driven by the use of these fats in combination with omega-6 polyunsaturated fats to treat cancer and cardiovascular illnesses.

Omega-3 fatty acids are advantageous for heart health and inflammatory conditions because they contain anti-inflammatory effects. The researchers found that an excessive intake of omega-3 fatty acids occasionally altered immune function, resulting in an ineffective immunological response to a bacterial or viral illness. Coastal fish are rich in omega-3 fatty acids, but because of its widespread consumption, the oceans are running low in fish. Scientists have developed bioengineered algae and plants as a substitute source of PUFA oil for the manufacture of omega-3 fatty acids in order to address the shortfall. Due to its potential to create a significant amount of omega-3 long-chain PUFAs and ease of availability in the marine ecosystem, thraustochytrids, a kind of heterotrophic fungus, has drawn increased attention recently.

North America dominated the Omega-3 PUFA Market during 2021. Consumers' increasing willingness to spend more on nutritional products, the availability of fortified food products, and approval from the US Food and Drug Administration to include omega-3 supplements in a diet for improved heart health applications are the main factors propelling the market growth. To lower the risk of cardiac disease, the American Heart Association advises consuming one to two servings of seafood each week. The US, followed by Canada and Mexico, is a key contributor to the growth of the omega-3 PUFA market in North America.

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