Omega 3 Ingredients Market Size to Reach US$ 4.8 Billion by 2028

Industry Overview of Omega 3 Ingredients Market
Omega-3 ingredients refer to a group of essential fatty acids that are beneficial for human health. Omega-3 fatty acids are polyunsaturated fats that cannot be produced by the human body and must be obtained from dietary sources. The three main types of omega-3 fatty acids are alpha-linolenic acid (ALA), eicosapentaenoic acid (EPA), and docosahexaenoic acid (DHA). Omega-3 ingredients are commonly found in fatty fish, such as salmon, mackerel, and sardines, as well as in certain plant-based sources like flaxseeds, chia seeds, and walnuts. However, due to dietary preferences, availability, or health considerations, some individuals may not consume enough omega-3 fatty acids through their regular diet. In such cases, omega-3 ingredients in the form of supplements or functional food products can be used to bridge the nutritional gap.

How Big Is the Omega 3 Ingredients Market?
The global omega 3 ingredients market size reached US$ 2.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.8 Billion by 2028, exhibiting a growth rate (CAGR) of 10.3% during 2023-2028.

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Global Industry Trends and Drivers:
The omega-3 ingredients market is driven by several industry trends and drivers. One significant trend is the increasing awareness among consumers about the health benefits of omega-3 fatty acids. As people become more conscious of their overall well-being, there is a growing demand for functional food and dietary supplements that provide omega-3 ingredients to support heart health, brain function, and overall wellness. Another driver is the rising prevalence of chronic diseases, such as cardiovascular diseases, cognitive disorders, and inflammatory conditions. Omega-3 fatty acids have been extensively studied for their potential preventive and therapeutic effects on these conditions. This has led to increased consumer interest in incorporating omega-3 ingredients into their diets as a part of a proactive approach to health management.
Furthermore, the expanding aging population globally is driving the omega-3 ingredients market. As people age, there is a greater emphasis on maintaining cognitive function, joint health, and cardiovascular health. Omega-3 ingredients, known for their potential benefits in these areas, are increasingly sought after by aging individuals and the healthcare industry. The trend towards clean label and natural ingredients is also influencing the omega-3 ingredients market. Consumers are seeking products that are derived from sustainable and traceable sources. This has led to a growing demand for omega-3 ingredients sourced from fish oil, algae, or plant-based alternatives.

What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Breakup by Type:
• Alpha-linolenic Acid (ALA)
• Docosahexaenoic Acid (DHA)
• Eicosapentaenoic Acid (EPA)

Breakup by Source:
• Marine Source
• Plant Source

Breakup by Application:
• Supplements and Functional Foods
• Pharmaceuticals
• Infant Formula
• Animal Feed

Breakup by Region:
• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa

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The report provides a comprehensive analysis of the industry key players listed below:
Aker BioMarine ASA, Archer-Daniels-Midland Company, BASF SE, Cargill Incorporated, Cellana Inc., Clover Corporation Limited, Corbion N.V., Croda International Plc, Koninklijke DSM N.V., Omega Protein Corporation (Cooke Inc.), Pelagia AS, Pharma Marine AS and Polaris.

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This release was published on openPR.