Omega 3 Market Size, Share, Growth Analysis, By Type(Docosahexaenoic acid (DHA), Eicosapentaenoic acid (EPA)), By Source(concentrates, fish oil), By Application(Supplements & Functional foods, Pharmaceuticals) - Industry Forecast 2024-2031

Omega 3 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 4.48 billion by 2031, growing at a CAGR of 7.8% in the forecast period (2024-2031).

The rise in demand for omega-3 is highly growing because there are more cases of heart disease and the change in dietary patterns is one of the significant reasons for rise in cardiovascular diseases. The increasing importance of immunity development in the wake of the COVID-19 pandemic has helped fuel the market.

Increasing the addition of omega-3 ingredients in the diet to support heart and brain health is expected to increase product demand. The global market for dietary supplements and functional foods is seeing strong growth, largely due to increasing demand from consumers.
The growing awareness of the health benefits of polyunsaturated fatty acids and the increasing availability of technology that improves their bioavailability are major factors fuelling the growth of the global omega fatty acid ingredients market.  

Omega-3 fatty acids contain a variety of plant-based oils, such as those found in nuts and oils from fish. These fatty acids are important for health and can be found in many types of seafood.

Essential fatty acids are important for human health. Omega-3 fatty acids are one type of essential fatty acid. These fatty acids are necessary for the function of the brain and for the growth and development of humans. Omega-3 fatty acids have been shown to lower the risk of chronic diseases, such as cancer, heart disease, and arthritis. Therefore, these factors will boost the demand for omega-3 in the global market.

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