Omega-3 Market Segmentation, Top Drivers, Share, Size, Key Trends Report And Forecast To 2033

The omega-3 market size has grown strongly in recent years. It will grow from $3.11 billion in 2023 to $3.35 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to increased consumer awareness, aging population, regulatory support, increased demand for omega-3 in the pharmaceutical industry, growing demand for omega-3 in the nutraceuticals and supplements industry.

The omega-3 market size is expected to see strong growth in the next few years. It will grow to $4.76 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to rising prevalence of cardiovascular diseases, surge in demand for nutritional supplementation for pregnant women, increasing consumption of enhanced medicines to treat and prevent chronic diseases, growing demand for omega-3 in the infant formula industry, increasing demand for omega-3 in the fish feed industry. Major trends in the forecast period include plant-based omega-3 sources, combination products, increasing focus on research and development activities, growing demand for krill oil as a source of omega-3, omega-3 in beauty and personal care.

Market Overview -
Omega 3 refers to the sort of fatty acids that play an important role in the human body. Omega 3 is available in fatty fish, fish oils, flax seeds, chia seeds, linseed oil, and walnuts. It provides a variety of health benefits, such as lower blood pressure, reducing triglycerides, slowing the occurrence of plaque within the arteries, reducing the prospect of abnormal cardiac rhythm, reducing the likelihood of coronary failure and stroke, and lessening the possibility of sudden cardiac death in people with a heart condition.

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Rising Global Demand For Immunity-Boosting Dietary Supplements Fueling Growth In The Omega-3 Market
The growing demand for immunity-boosting dietary supplements global will drive the Omega-3 market. Dietary supplements can assist manage various health issues and enhance general health. Certain dietary supplements, when used correctly, can help lower the risk of certain diseases. Individuals across the globe are increasing spending on immunity-boosting dietary supplements to counter emerging viruses and keep them healthy against possible health-related difficulties. For instance, in February 2022, according to the report published by Agriculture and Agri-Food Canada, a department of the Government of Canada, the retail sales value of the health and wellness food and beverage sector in the United States increased to $191.9 billion in 2021, compared to $191.7 billion in 2020. In addition, the health and wellness category is projected to reach $218.1 billion in 2025, reflecting a 13.8% increase compared to 2021. Therefore, increasing demand for immunity-boosting dietary supplements is expected to boost demand for omega-3 products during the forecast period.

Competitive Landscape -
Major companies operating in the omega-3 market include Royal DSM Naamloze Vennootschap, BASF SE, Lonza Group AG, Epax Norway AS, Croda International PLC, Reckitt Benckiser Group PLC, Sanofi SA, Unilever PLC, Amway Corp., Nestle SA, Aker Biomarine Antarctic AS, Orkla Health, Omega Protein Corp., GC Reiber Oils, BioProcess Algae LLC, Koninklijke DSM N.V., Cargill Incorporated, FMC Corporation, Corbion, KD Pharma, Nordic Naturals, Pharmavite LLC, Carlson Laboratories, Garden of Life, NOW Foods, Solgar Inc., Source Naturals Inc., Barlean's Organic Oils, Jarrow Formulas, Bluestar Adisseo Company

Technological Advancements Driving Innovation In The Omega-3 Market
Technological advancements are a key trend gaining popularity in the omega-3 market. Manufacturers operating in omega-3 market are focusing on utilizing advanced technologies to remove environmental pollutants, minimizing oxidation, and concentrating the omega-3 content in the final product to assure optimal delivery of the healthy parameters. For instance, Sweden-based omega-3 maker, Smartfish has introduced manufacturing techniques that prevent the oxidation of oil and provide high-temperature resistance. In another instance, Enzymotec manufactures krill oil, K-REAL through Multi-Stage Oil (MSO) extraction technology, wherein K-REAL is clinically proven to be more efficient than fish oil that increases omega-3 levels in human blood.

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Key Segments -
The omega-3 market covered in this report is segmented -
1) By Type: Alpha-Linolenic Acid (ALA), Docosahexaenoic Acid (DHA), Eicosapentaenoic Acid (EPA)
2) By Source: Plant Source, Vegetable Oil, Nuts and Seeds, Soy, Marine Source, Other Sources
3) By Distribution Channel: Supermarkets/Hypermarkets, Pharmacies and Drug Stores, Online Retailers, Other Distribution Channels
4) By Application: Supplements & Functional Foods, Pharmaceuticals, Infant Formula, Animal Feed & Pet Food, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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