Global Omega 3 market

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

Report ID: SQMIG30I2293 | Region: Global | Published Date: July, 2001
Pages: 157 | Tables: 100 | Figures: 76

Omega 3 Market Insights

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.

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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 omega-3 market is fragmented in nature as various players are entering the and regional markets. These players are investing in collaborations, mergers, acquisitions, and partnerships to stay ahead of the competition. They are also investing in R&D activities to expand their product portfolio and expand their consumer base. 'DSM', 'BASF', 'Croda International', 'Lonza', 'Epax Norway', 'GC Rieber Oils', 'Omega Protein Corporation', 'Arista Industries', 'Omega-3 Innovations', 'Polaris', 'Cargill', 'KD Pharma Group', 'Nordic Naturals', 'Aker BioMarine', 'Pharma Marine', 'Golden Omega', 'Corbion', 'Clover Corporation', 'Huatai Biopharm Inc.', 'Sinomega Biotech Engineering Co., Ltd.'

The omega-3 fatty acids help to reduce the risk of abnormal heartbeats or arrhythmias, which can result in the patient's sudden death. The folate nutrient can help reduce triglyceride levels, slow the growth of atherosclerotic plaque, and reduce blood pressure. The trend of consumers choosing healthier alternatives and viewing preventive care as a necessary tool to assist them in leading a healthier lifestyle is growing.  Omega 3s are more popular because they are a good source of vitamins, proteins, and minerals and can help deal with diseases like cancer, asthma, and depression. Various factors that affect consumers' purchasing decisions are brand name, nutritional value, and product safety.

In recent years, there has been a rise in the prevalence of health conditions caused by a sedentary lifestyle, stress, aging, and other hereditary factors. This trend has led to the exploration of various ingredients that can positively affect certain body functions to maintain overall health and well-being. Gummy bears are gaining a lot of popularity in current times as they are marketed well. They are easy to consume and are presented very well. Social media is aggressively marketing these products to consumers, therefore a lot of people are buying supplements in the form of gummy bears.

The market value in North America stood at 62 million in 2022 and is predicted to grow at a CAGR of 4.71%. The growth of North American market for polyunsaturated fatty acids is due to the increasing awareness of the health benefits of these nutrients.

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Global Omega 3 market

Product ID: SQMIG30I2293