Growth Drivers and Challenges in the Omega-3 Market


23 Jul 2024

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The global omega 3 market revenue was valued at USD 8.06 billion in 2023 and is poised to grow from USD 8.67 billion in 2024 to USD 17.86 billion by 2034, at a CAGR of 7.5% during the forecast period 2024 – 2034. The increasing concern towards healthcare and the increasing consciousness of using ingredients in the diet for enhancement of heart and brain health.

Omega 3 Market Statistics

Market Overview

Omega-3 fatty acids are essential nutrients required for the human body, and they have several benefits: lower blood pressure, reduced joint inflammation, and various severe disorders. This can be obtained from plants, nut oils, various fishes, and seafood like halibut, tuna, salmon, algae, and krill. The incorporation of omega-3 fatty acids in food and beverages is good for brain health and the development of the human body.

Awareness among people and continuous research studies in pharmaceutical companies boost the omega 3 market. Due to the benefits like better heart health, healthy skin, reduced levels of triglycerides, and improved good cholesterol like HDL, many people prefer to consume this in their diet. Multiple industries in the omega 3 market are concentrating on improving and evolving their products by adding flavors, fragrances, nutritional value, and various other characteristics to their deliveries.

  • Rising product usage and health consciousness: Fatty acids have immense health benefits, so the use of such products is increasing rapidly. Also, due to the rise in awareness of cholesterol, cardiovascular health, and brain functioning, the consumption of food rich in omega-3 and supplements is increasing.
  • Extension of pharmaceutical industries: Due to the rapid expansion of pharmaceutical industries, research studies are increasing, and the usage of omega-3 fatty acids is also rising to produce drugs related to heart diseases and many more.
  • Technological enhancement: Regular technological advancements help extract omega-3 fatty acids in their purest form, eventually forming the best and most effective supplements.

Continuous research and enhancement in product quality driving the omega 3 market

As omega 3 helps to reduce chronic heart diseases, brain diseases, improve skin texture, and diseases that can cause sudden death of patients, the demand for omega 3 market is boosting. Awareness among people about the impact of diet on health is resulting in conscious choice of healthy food habits and supplements. Along with the consumption of other vitamins and minerals, the understanding of the importance of omega-3 fatty acids is rising. Some other factors that drive the omega 3 market are advertisements of brands showing their nutritional benefits. In various countries, fish consumption is also rising as fish oil is the primary source of omega-3 in it. The need for docosahexaenoic acid (DHA) is important for women with pregnancy and breastfeeding mothers.

Also, it is essential for the brain development of infants, which ultimately drives the omega 3 market to an exponential level. With the increasing number of athletes, the consumption of omega 3 also increases both in the natural form and in supplements as this is well known for its ability to fight inflammation, hence helping to reduce joint pain and fatigue condition in athletes.

Furthermore, scientific studies highlighting the possible assistances of omega 3 in handling several health situations, like circulatory disease, cerebral decline, and inflammatory illnesses, further boost market development. Additionally, healthcare experts’ references and confirmations of omega-3 supplements are subsidized to amplify user assurance and acceptance of omega-3 foodstuffs. The rising consciousness of omega-3 health assistance among customers and healthcare workers is a crucial driver pushing market development.

The high demand for fish culture decreases the availability at lower charges and hence hinders the growth of the omega 3 market. Rapidly increasing pollution makes fish toxic to consume, which again creates a barrier to the growth of the omega 3 market. Because of the overexploitation of fish, the marine ecosystem is under threat, and many other marine life is at risk of extinction.

Omega 3 Market Highlights

Report Attribute Key Statistics
Market Revenue in 2024 USD 8.67 Billion
Market Revenue by 2034 USD 17.86 Billion
Market CAGR 7.5% from 2024 to 2034
Quantitative Units Revenue in USD million/billion, Volume in units
Largest Market North America
Base Year 2023
Forecast Period 2024 to 2034
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Top Companies in Omega 3 Market

  • BASF SE
  • Croda International Plc
  • GC Rieber Oils
  • Aker BioMarine
  • Amway
  • Cargill
  • EPAX
  • Omega Protein Corporation
  • Corbion N.V
  • Lonza Group AG
  • Nordic Naturals
  • Pharma Marine
  • MiAlgae
  • GOLDEN Omega
  • KD Pharma Group
  • Reckitt Benckiser Group PLC
  • Sanofi S.A
  • Unilever PLC

Recent Development by MiAlgae

  • In April 2023, MiAlgae, a biotech company, launched NaturAlgae, an omega-3 product derived from algae. NaturAlgae is a dry powder with a high concentration of DHA and several other oils, and it is targeted at fish feed and pet food.

Recent Development by Corbion

  • In September 2023, Corbion, which is a global market leader in algae-based feed ingredients, launched AlgaPrimeTM DHA P3, which is a high-performing omega-3 ingredient enabling pet food manufacturers to enhance the nutritional benefits and boost DHA levels.

Regional Insights

Asia-Pacific is expected to grow at the fastest rate during the forecast period due to the continuous shift towards preventive healthcare. Omega-3 can diminish the risk of several major diseases related to the heart, brain, and more. A country like India is facing major lifestyle-related diseases such as diabetes, obesity, sedentary lifestyle, stress, etc. Omega-3 plays a crucial role in combatting such diseases, which leads to a high demand for omega-3 supplements.

North American region held the largest share of the omega 3 market in 2023 due to consciousness among people to consume healthy food. Consumers are gradually becoming more aware of their health and trying to adopt lifestyle and food habits that can enhance their longevity. Docosahexaenoic acid (DHA), eicosapentaenoic acid (EPA), and alpha-linolenic acid (ALA) are the three major forms of omega 3, which is majorly consumed and adds immense benefits to humans.

Market Potential and Growth Opportunity

The rapid application and formation of the purest form driving the market potential of the omega 3 market

The growing demand for omega-3 in pet nutrition and pharmaceuticals is enhancing the market, as is growing public inventiveness related to well-being and fitness, which further support the market. The rising consumer consciousness of the well-being profits of omega-3 is boosting the request for market companies to revolutionize to endure competition. In addition, the expertise brings aromatic oils in a micro-emulsified preparation that is intended to upsurge external captivation.

The rising trend in the direction of modified nutrition and health-attentive existences further boosts the request for useful foods developed with omega-3 three personalized to precise health requirements and likings. Moreover, revolutions in food skills and preparation techniques allowed the growth of Omega 3 to encourage foodstuffs with enhanced taste, quality, and constancy, encouraging user adoption and market saturation. By taking advantage of the rising request for useful foods and drinks, omega-3 producers can blow the new market sections and boost economic development.

Omega 3 Market News

  • In March 2024, DSM corporation combined with the SCN company network to progress high-quality Omega 3 gummies by using Life’s OMEGA O33-P100. The corporation's goals are to deliver higher preparations, surpassing 400 mg EPA+DHA per two-piece portion, transforming the Omega 3 supplement.
  • In January 2024, Hydrogen Intelligence SA, which is a Paris-based company making electric vehicle (EV) Omega Seiki Mobility (OSM), launched green hydrogen-powered three-wheelers. The vehicle will be tested on the Lemans racetrack in Paris. The Indian subsidiary of Hydrogen Intelligence will make a batch of 100 three-wheelers.

Market Segmentation

By Type

  • Docosahexaenoic acid (DHA)
  • Eicosapentaenoic acid (EPA)
  • Alpha-linolenic acid (ALA)

By Source

  • Marine Source
  • Fish Oil
  • Algal Oil
  • Krill Oil
  • Others
  • Plant Source
  • Nuts & Seeds
  • Vegetable Oils
  • Soy

By End-Use  

  • Nutraceuticals & Supplements
  • Food & Beverages
  • Pharmaceuticals
  • Personal Care
  • Infant Formulas
  • Fish Feed
  • Others

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