What is the global market size of Omega 3 Market?

Omega 3 Market size was valued at USD 2.25 billion in 2021 and is poised to grow from USD 2.43 billion in 2022 to USD 4.48 billion by 2030, growing at a CAGR of 7.8% in the forecast period (2023-2030).

Omega 3 Market Size, Share, Growth Analysis, By Type(Docosahexaenoic acid (DHA), Eicosapentaenoic acid (EPA), Alpha-linolenic acid (ALA), Docosapentaenoic acid (DPA)), By Source(Marine Source (Fish Oil, Algal Oil, Krill Oil, Others)), By Application(Supplements & Functional Foods, Pharmaceuticals, Infant Formula, Animal Feed & Pet Food), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30I2293 | Region: Global | Published Date: July, 2001
Pages: 157 | Tables: 98 | Figures: 76

Omega 3 Market Regional Insights

The market value in North America stood at 62 million in 2022 and is predicted to grow at a CAGR of 4.71%. The growth of North American market for polyunsaturated fatty acids is due to the increasing awareness of the health benefits of these nutrients.

The increasing currency of lifestyle-related health conditions, increasing number of older people, and stress of a hectic lifestyle will create a huge demand for dietary supplements and functional food in this region.

The rising trend of veganism and vegetarianism in the region will result in huge demand for plant-based fatty acids. The recent development by the U.S. Food and Drug Administration (FDA) confirmed that these products can reduce the risk of cardiovascular conditions, thus boosting its demand in this region.

Asia Pacific has immense potential for the omega fatty acids market, and it is expected to witness growth rates higher than the global average. The increase in the market for healthcare products is due to an increased awareness of the health benefits and an increase in people's optional income. This allows people to spend more on products that promote health

Omega 3 Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Omega 3 Market size was valued at USD 2.25 billion in 2019 and is poised to grow from USD 2.43 billion in 2023 to USD 4.48 billion by 2031, growing at a CAGR of 7.8% in the forecast period (2024-2031).

The global omega-3 market is fragmented in nature as various players are entering the global and regional markets. These players are investing in collaborations, mergers, acquisitions, and partnerships to stay ahead of the competition. They are also investing in R&D activities to expand their product portfolio and expand their consumer base. 'DSM', 'BASF', 'Croda International', 'Lonza', 'Epax Norway', 'GC Rieber Oils', 'Omega Protein Corporation', 'Arista Industries', 'Omega-3 Innovations', 'Polaris', 'Cargill', 'KD Pharma Group', 'Nordic Naturals', 'Aker BioMarine', 'Pharma Marine', 'Golden Omega', 'Corbion', 'Clover Corporation', 'Huatai Biopharm Inc.', 'Sinomega Biotech Engineering Co., Ltd.'

The omega-3 fatty acids help to reduce the risk of abnormal heartbeats or arrhythmias, which can result in the patient's sudden death. The folate nutrient can help reduce triglyceride levels, slow the growth of atherosclerotic plaque, and reduce blood pressure. The trend of consumers choosing healthier alternatives and viewing preventive care as a necessary tool to assist them in leading a healthier lifestyle is growing. Omega 3s are more popular because they are a good source of vitamins, proteins, and minerals and can help deal with diseases like cancer, asthma, and depression. Various factors that affect consumers' purchasing decisions are brand name, nutritional value, and product safety.

In recent years, there has been a rise in the prevalence of health conditions caused by a sedentary lifestyle, stress, aging, and other hereditary factors. This trend has led to the exploration of various ingredients that can positively affect certain body functions to maintain overall health and well-being. Gummy bears are gaining a lot of popularity in current times as they are marketed well. They are easy to consume and are presented very well. Social media is aggressively marketing these products to consumers, therefore a lot of people are buying supplements in the form of gummy bears.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Omega 3 Market Regional Insights

Omega 3 Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Omega 3 Market?

Who are the key vendors in the Omega 3 Market?

What is the key driver of Omega 3 Market?

What is the key market trend for Omega 3 Market?

Which region accounted for the largest share in Omega 3 Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300