The Omega 3 Ingredients Industry outlook highlights a dynamic market poised for substantial growth. With evolving consumer preferences, technological advancements, and expanding application areas, the industry is set to achieve new milestones.
NEWARK, DE / ACCESSWIRE / January 9, 2025 / The global Omega 3 Ingredients industry has witnessed significant growth over the last decade, reflecting its critical role in the health and wellness sector. In 2019, the industry was valued at USD 5,008.0 million, driven by rising consumer awareness about the benefits of Omega 3 fatty acids for cardiovascular, brain, and overall health. From 2019 to 2023, the market registered a robust Compound Annual Growth Rate (CAGR) of 9.4%, propelling its value to USD 8,088.2 million by 2024.
Looking ahead, the Omega 3 Ingredients market is poised for remarkable expansion, with sales projected to grow at a CAGR of 10.8% during the forecast period from 2024 to 2034. This trajectory is expected to drive the global market to an impressive USD 22,555.3 million by the end of 2034. This growth is attributed to increased demand for nutritional supplements, advancements in extraction technologies, and the adoption of Omega 3 ingredients in functional foods and beverages.
Consumer preferences for natural and sustainable products are shaping the industry landscape. The Omega 3 Ingredients market, dominated by fish oil, is witnessing a gradual shift toward algal oil and other plant-based sources to cater to the growing vegan and vegetarian population. Additionally, the inclusion of Omega 3 in infant formulas and fortified food products is further driving market growth.
The market's regional dynamics also underline the global appetite for Omega 3 ingredients. North America and Europe remain dominant markets, while Asia-Pacific is emerging as a high-growth region due to increased awareness and economic development. These trends reflect a growing recognition of the potential health benefits associated with Omega 3 fatty acids.
How is Preference for PUFAS Affecting Omega-3 Ingredients Sales?
The high concentration of saturated fats in food and beverage is causing an increased incidence of several coronary diseases, stroke, and cardiovascular diseases (CVD). This is causing an increase in the demand for polyunsaturated fatty acids (PUFAs) such as omega-3 ingredients as they help in reducing risk factors by lowering LDL cholesterol levels.
As the American Heart Association (AHA) recommended the consumption of PUFAs such as omega-3 ingredients in diet for reducing risks associated with heart diseases, the population is more aware of the health benefits of and thus is driving the market of omega-3 ingredients.
Why are Omega-3 Ingredients Used in Convenience Food?
Increasing health awareness and a growing preference for healthy food have been encouraging the inclusion of omega-3 ingredients to be used in food products. Rising urbanization and the increasing prevalence of sedentary lifestyles are fueling the demand for healthy convenience food.
Manufacturers are therefore using omega-3 ingredients to make gummy candies in various flavors such as orange, lemon, strawberry, and many more. This has been identified as one of the chief market drivers.
Key Takeaways from Market Study
The global Omega 3 Ingredients market reached USD 8,088.2 million in 2024 and is projected to grow at a 10.8% CAGR to reach USD 22,555.3 million by 2034.
Fish oil remains the leading source of Omega 3 ingredients, while algal oil is gaining traction among plant-based consumers.
The Asia-Pacific region is expected to exhibit the fastest growth, supported by rising disposable incomes and health awareness.
Increased adoption of Omega 3 in dietary supplements, infant nutrition, and functional foods is a significant market driver.
"The Omega 3 Ingredients industry is transitioning toward sustainability and inclusivity, reflecting broader consumer preferences for natural and ethical products. With technological advancements and the diversification of sourcing options, market players have significant opportunities to tap into previously underserved segments. The emphasis on preventive healthcare and the rising prevalence of chronic diseases further underscore the importance of Omega 3 fatty acids in global health strategies," - says Nandini Roy Choudhury, Client Partner at Future Market Insights
To Gain In-Depth Insights on Market, Browse Complete Report: https://www.futuremarketinsights.com/reports/omega-3-ingredients-market
How are Manufacturers Responding to the Stiff Competition in Omega-3 Ingredients Market?
Sources' Sufficiency Strive to Hold Supply Efficiency
Key players are striving to partner with and acquire well-performing players. Manufacturers are also aiming at increasing the production quantity of omega-3 ingredients as they spot the growing potential of the omega-3 ingredients market.
• For instance, Omega Protein Corporation acquired Cooke Inc. in 2017 intending to strengthen its distribution network in the regional market.
Improved product offering and customization of omega-3 ingredients according to the end users' requirement is anticipated to certainly help the manufacturer to strengthen their footprint in the competitive market.
How is Sustainability Affecting Omega-3 Ingredients Market?
The Appeal of Developed Markets Persists
Food safety measures taken by regulatory bodies for instance European Food Safety Authority (EFSA), State Food and Drug Administration (SFDA, China), Foods for specified health uses (FOSHU, Japan), Food Safety and Standards Authority of India (FSSAI, India), and others aim at re-assuring food safety by looking for concentrations of omega-3 ingredients along with other ingredients in the food products.
Rising awareness about sustainability is giving a new direction to the omega-3 ingredients market. This is driven by the increasing demand for algae-based omega-3 ingredients. Though a considerable amount of omega-3 can be obtained from fish and other seafood, manufacturers are developing novel production methods. For instance, algae farming is a response to the demand for plant-based omega-3 ingredients.
Market's Prime Determinants of Trends and Opportunities
The Omega 3 Ingredients industry is influenced by several key factors:
Consumer Health Awareness: Growing awareness about the role of Omega 3 in managing heart disease, depression, and cognitive decline is driving demand across demographics.
Regulatory Support: Favorable regulatory guidelines promoting Omega 3 fortification in food and beverages are fostering market expansion.
Technological Innovations: Enhanced extraction and purification technologies are improving product quality and reducing environmental impact.
Sustainability Trends: Increasing concerns over overfishing are pushing the industry toward sustainable and plant-based sources like algal oil.
Expanding Application Areas: The integration of Omega 3 ingredients in pharmaceuticals, animal feed, and cosmetics is broadening the market's scope.
Key Companies & Market Share Insights
The Omega 3 Ingredients market is highly competitive, with key players focusing on innovation, partnerships, and sustainability. Prominent companies include:
DSM: Known for its diversified Omega 3 product portfolio, including sustainable algal oil solutions.
BASF: A leader in high-quality Omega 3 products catering to dietary supplements and functional foods.
Cargill: Leveraging its expertise in food ingredients to offer tailored Omega 3 solutions.
Epax Norway AS: Renowned for its high-purity Omega 3 concentrates, primarily for the pharmaceutical sector.
These companies are investing heavily in research and development to enhance product efficacy and cater to evolving consumer demands.
Growth Drivers
Rising Prevalence of Chronic Diseases: With cardiovascular diseases and mental health issues on the rise, Omega 3 ingredients are gaining prominence as preventive healthcare solutions.
Booming Dietary Supplements Market: Omega 3 supplements are becoming a staple in health-conscious households, driving consistent demand.
Growing Vegan Population: The surge in veganism is boosting demand for plant-based Omega 3 sources like algal oil.
Infant Nutrition Demand: The inclusion of Omega 3 in infant formulas is creating new growth avenues.
Government Initiatives: Subsidies and programs encouraging Omega 3 fortification in diets are propelling market growth.
Regional Analysis of Omega 3 Ingredients Industry
North America remains the largest market for Omega 3 Ingredients, driven by high consumer awareness and a well-established supplement industry. The United States, in particular, leads in both production and consumption, with robust demand across age groups.
Europe follows closely, with countries like Germany, the United Kingdom, and France showing strong adoption rates due to regulatory backing and widespread health consciousness. The region also emphasizes sustainability, fostering the growth of algal oil products.
The Asia-Pacific region is emerging as the fastest-growing market, supported by increasing disposable incomes, urbanization, and awareness of Omega 3's health benefits. China and India are key contributors, with a burgeoning middle-class population and rising health awareness. Additionally, the expanding nutraceutical industry in these countries is bolstering demand.
Latin America and the Middle East & Africa, while smaller in market size, are witnessing steady growth, primarily driven by the adoption of Omega 3 supplements and fortified foods.
Key Segments of Omega 3 Ingredients Report
By Ingredients:
As per Ingredients, the industry has been categorized into Alphalinolenic Acid, Eicosapentaenoic Acid and Docosahexaneoic Acid.
By Source:
As per Source, the industry has been categorized into Fish Oil, Algal Oil, Chia Seed Oil, Flax Seed Oil, Soybean Oil, Canola Oil, Walnut Oil, Mustard Oil and Others.
By Application:
As per Application, the industry has been categorized into Food Industry, Beverage Industry, Dietary Supplements, Infant Formulas, Pharmaceutical & Nutraceutical Industry and Animal Feed.
By Region:
Industry analysis has been carried out in key countries of North America, Latin America, Western Europe Eastern Europe, Balkans & Baltic, Russia & Belarus, Central Asia, East Asia, South Asia & Pacific and Middle East & Africa.
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Authored by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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