Omega-3 Market By Type (ALA (alpha-linolenic acid) , DHA (docosahexaenoic acid) , EPA (eicosapentaenoic acid)) , By Source (marine, nuts and seeds, vegetable oils, soya & soya products) By Application (dietary supplements, pharmaceuticals, infant formulas

Omega-3 Market By Type (ALA (alpha-linolenic acid) , DHA (docosahexaenoic acid) , EPA (eicosapentaenoic acid)) , By Source (marine, nuts and seeds, vegetable oils, soya & soya products) By Application (dietary supplements, pharmaceuticals, infant formulas, food & beverages, pet food and fish feed) : Global Opportunity Analysis and Industry Forecast, 2024-2033

The omega-3 market was valued at $7.9 billion in 2023, and is projected to reach $30.8 billion by 2033, growing at a CAGR of 14.7% from 2024 to 2033.
Omega-3 fatty acids, also known as heathy fats or unsaturated fats, are a pivotal part of the cell membrane playing a key role in providing structure and supporting interactions between cells. These fatty acids are predominantly concentrated in eyes and brain. As humans cannot produce sufficient omega-3 for survival, it is essential to have a balanced meal; for instance, fatty fish such as salmon and mackerel, chia seeds, and flaxseed are rich in omega-3. These fatty acids exhibit multiple health benefits such as they play a key role in lowering triglyceride levels, thereby reducing the risk of cardiovascular diseases and supporting cognitive function.
The growth of the global omega-3 market is majorly driven by increase in awareness of the benefits of omega-3 fatty acids in preventing chronic diseases like heart disease, improving brain function, and supporting overall well-being. According to a study conducted by the Fatty Acids and Outcomes Research (FORCE) consortium, individuals with higher levels of seafood-derived omega-3 are at a 8% lower risk of developing chronic kidney disease. A study published by the American Heart Association in 2019 found that regular consumption of omega-3 fatty acids can reduce the risk of coronary heart disease by up to 15%. These studies highlight that omega-3 supplementation, combined with a balanced diet, plays a crucial role in cardiovascular health management. Moreover, rise in the use of dietary supplements, particularly in developed countries, has contributed to the growing demand for omega-3 products. Moreover, omega-3s are being incorporated into a wide range of functional foods & beverages, such as fortified dairy, juices, and snacks, which is significantly contributes toward the growth of the global market. Sustainable sourcing of omega-3s, particularly from marine ecosystems, has led to the development of eco-friendly products, including algae-based alternatives, further driving the demand among environmentally conscious consumers. However, high cost associated with omega-3 extraction, particularly from marine sources such as fish or algae, due to processing, purification, and sustainability concerns, hampers the growth of the market. In addition, overfishing of marine resources used for omega-3 extraction, especially fish oil, raises environmental concerns, which significantly restrains the growth of the global market.
The global omega 3 market is segmented into type, source, application, and region. On the basis on type, it is divided into ALA (alpha-linolenic acid), DHA (docosahexaenoic acid), and EPA (eicosapentaenoic acid). Depending on source, it is classified into marine, nuts and seeds, vegetable oils, and soya & soya products. On the basis of application, it is classified into dietary supplements, pharmaceuticals, infant formulas, food & beverages, pet food and fish feed.? Region wise, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.?

Key Findings

On the basis of type, the DHA segment is expected to dominate the omega-3 market from 2024 to 2033.
Depending on source, the marine segment is anticipated to exhibit the highest growth during the forecast period.
On the basis of application, the dietary supplement segment is projected to lead the market by 2033.
Region wise, North America is likely to emerge as the most lucrative market for omega-3 in the coming future.

Competition Analysis

Competitive analysis and profiles of the major players in the global omega-3 market include LUHUA BIOMARINE (SHADONG) CO., LTD., Cargill, Inc., Croda International Plc., GC Reiber Oils, Olvea Fish Oils, Pharma Marine AS, Omega Protein Corporation, Royal DSM, FMC Corporation, Epax, Nuseed Global, and Polaris. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to sustain the intense competition and gain a strong foothold in the global market.

Key Market Segments

By Type

ALA (alpha-linolenic acid)
DHA (docosahexaenoic acid)
EPA (eicosapentaenoic acid)

By Source

marine
nuts and seeds
vegetable oils
soya soya products

By Application

dietary supplements
pharmaceuticals
infant formulas
food beverages
pet food and fish feed

By Region

North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Thailand
Malaysia
Indonesia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
UAE
Argentina
Rest of LAMEA

Key Market Players

LUHUA BIOMARINE (SHADONG) CO., LTD.
Cargill, Inc.
Croda International Plc.
GC Reiber Oils
Olvea Fish Oils
Pharma Marine AS
Omega Protein Corporation
Royal DSM
FMC Corporation
Epax,Nuseed Global
Polaris.