What Has Been The Historical And Current Growth Of The Omega-3 Market?
The omega-3 market has seen considerable growth due to a variety of factors.
• In recent times, the market size of omega-3 has experienced significant growth. It is projected to escalate from $3.35 billion in 2024 to $3.61 billion in 2025, fostering a compound annual growth rate (CAGR) of 7.9%.
Factors such as heightened consumer awareness, growing aging population, support from regulatory bodies, amplified requirement for omega-3 in the pharmaceutical sector, and a surge in demand within the nutraceuticals and supplements industry have contributed to the growth during the historic period.
What Is The Forecast For The Omega-3 Market By 2029?
The omega-3 market is expected to maintain its strong growth trajectory in upcoming years.
• We can anticipate a significant escalation in the omega-3 market in the coming years, with it being projected to reach a value of $5.26 billion in 2029, reflecting a compound annual growth rate (CAGR) of 9.8%.
This predicted growth over the timeframe can be linked to factors such as the increasing case of cardiovascular diseases, a heightened demand for prenatal nutritional supplements, a rise in the use of advanced medicines for chronic disease prevention and treatment, and increased requirements for omega-3 in both infant formula and fish feed industries. Over this projected period, prevailing trends likely to be seen include the use of plant-derived omega-3 sources, combination products, a renewed emphasis on research and development activities, the rising popularity of krill oil as an omega-3 source, and the expanding use of omega-3 in the beauty and personal care market.
What Are The Essential Drivers Behind The Growth Of The Omega-3 Market?
The Omega-3 market is predicted to grow due to the expanding global demand for dietary supplements that enhance immunity. These supplements offer an array of health management benefits and are known to improve overall wellness. Additionally, they have proven effective in reducing disease risks when used appropriately. The desire to protect against potential health issues and fight off new viruses has led to a worldwide increase in expenditure on immunity-enhancing dietary supplements. As indicated in a February 2022 report from Agriculture and Agri-Food Canada, a branch of the Canadian Government, the retail sales value of the health food and beverage sector in the United States grew to $191.9 billion in 2021. The report also forecasted that this sector would see a 13.8% increase by reaching $218.1 billion in 2025. As such, the rising demand for immunity-enhancing dietary supplements could lead to heightened demand for Omega-3 products in the coming years.
How Is The Global Omega-3 Market Divided Into Key Segments?
The omega-3 market covered in this report is segmented –
1) By Type: Alpha-Linolenic Acid (ALA), Docosahexaenoic Acid (DHA), Eicosapentaenoic Acid (EPA)
2) By Source: Plant Source, Vegetable Oil, Nuts and Seeds, Soy, Marine Source, Other Sources
3) By Distribution Channel: Super markets/Hyper markets, Pharmacies and Drug Stores, Online Retailers, Other Distribution Channels
4) By Application: Supplements & Functional Foods, Pharmaceuticals, Infant Formula, Animal Feed & Pet Food, Other Applications
Subsegments:
1) By Alpha-Linolenic Acid (ALA): Plant-Based ALA Sources, ALA Supplements
2) By Docosahexaenoic Acid (DHA): Fish Oil-Based DHA, Algal Oil-Based DHA, DHA-Enriched Food Products
3) By Eicosapentaenoic Acid (EPA): Fish Oil-Based EPA, Algal Oil-Based EPA, EPA-Enriched Food Products
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What Trends Are Reshaping The Future Of The Analysis Market?
Emerging technology is a growing trend of note in the omega-3 market. Pursuing the use of state-of-the-art technologies to eliminate environmental pollutants, reduce oxidation, and enhance the omega-3 concentration in the final product is a key priority for manufacturers in the omega-3 market, as this ensures the delivery of optimal health benefits. For example, Smartfish, an omega-3 producer based in Sweden, has rolled out production methods that halt the oxidation of oil and allow for resistance to high temperatures. Similarly, Enzymotec is employing a Multi-Stage Oil (MSO) extraction technology to manufacture their krill oil, K-REAL. This product has been clinically demonstrated to outperform fish oil in raising omega-3 levels in the human bloodstream.
Who Are the Key Players in the Omega-3 Market?
Major companies operating in the omega-3 market include:
• Royal DSM Naamloze Vennootschap
• BASF SE
• Lonza Group AG
• Epax Norway AS
• Croda International PLC
• Reckitt Benckiser Group PLC
• Sanofi SA
• Unilever PLC
• Amway Corp.
• Nestle SA
• Aker Biomarine Antarctic AS
• Orkla Health
• Omega Protein Corp.
• GC Reiber Oils
• BioProcess Algae LLC
• Koninklijke DSM N.V.
• Cargill Incorporated
• FMC Corporation
• Corbion
• KD Pharma
• Nordic Naturals
• Pharmavite LLC
• Carlson Laboratories
• Garden of Life
• NOW Foods
• Solgar Inc.
• Source Naturals Inc.
• Barlean's Organic Oils
• Jarrow Formulas
• Bluestar Adisseo Company
What are the Regional Insights into the Omega-3 Market?
North America was the largest region in the omega-3 market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the omega-3 market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
