Omega-3 PUFA Market Size, Share, Growth Analysis, By Type(Marine Source and Plant Source), By Source(High Concentration, Medium Concentration, and Low Concentration), By Concentration(Supplements & Functional Foods, Pharmaceuticals, Infant Formula, Animal Feed & Pet Food and others), By Region - Industry Forecast 2024-2031

North America dominated the Global Omega-3 PUFA Market during 2021. Consumers' increasing willingness to spend more on nutritional products, the availability of fortified food products, and approval from the US Food and Drug Administration to include omega-3 supplements in a diet for improved heart health applications are the main factors propelling the market growth. To lower the risk of cardiac disease, the American Heart Association advises consuming one to two servings of seafood each week. The US, followed by Canada and Mexico, is a key contributor to the growth of the omega-3 PUFA market in North America.

Asia Pacific omega-3 market is expected to grow at a fast rate during the forecast period, having significant markets in Japan and China. The biggest market is China, which is followed by Japan and Australia. The market for omega 3 PUFA, particularly the consumption of EPA and DHA components in China, is being driven by the country's strong manufacturing base, expanding middle-class population, disposable money, and increased awareness of health issues. The demand for DHA-based additives for newborn nutritional formulas is anticipated to increase as a result of China's high birth rate and the recent elimination of the one-child policy. The Chinese EPA and DHA market's two main application sectors are infant formula and nutritional supplements. Given the rise in discretionary expenditure, the Chinese market for nutritional supplements is anticipated to become a profitable application area for EPA and DHA constituents.