Global Omega-3 PUFA Market

Global Omega-3 PUFA Market Size, Share, Growth Analysis, By Type(Marine Source and Plant Source), By Source(High Concentration, Medium Concentration), By Concentration(Supplements & Functional Foods, Pharmaceuticals) - Industry Forecast 2024-2031

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

Global Omega-3 PUFA Market News

  • 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.
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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).

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. '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 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.

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