Omega 3 Market Analysis

Global Omega 3 Market Overview

Omega 3 Market Size was valued at USD 2.5 Billion in 2023. The omega 3 industry is projected to grow from USD 2.7 Billion in 2024 to USD 5.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.50% during the forecast period (2024 - 2032). Increasing adoption of a holistic approach to health and wellness is the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Omega 3 Market Trends

• Growing research advancements and nutritional awareness in the market growth

Market CAGR for the increasing adoption of a holistic approach to health and wellness is a pivotal driver for the Omega-3 market. Consumers are actively seeking nutritional solutions that promote overall well-being, and Omega-3 fatty acids have emerged as a key component in this quest for holistic health. According to data from the World Health Organization (WHO), there is a growing awareness of the impact of lifestyle on health, prompting individuals to make conscious choices for preventive care. In line with this trend, Omega-3 supplements are gaining popularity as they offer a multifaceted approach to health, addressing cardiovascular health, cognitive function, and inflammation.

Additionally, the continuous advancement of scientific research in nutritional sciences is a driving force behind the Omega-3 market's growth. Rigorous studies supporting the health benefits of Omega-3 fatty acids have provided consumers with evidence-based information, fueling a surge in nutritional awareness. According to a report by Allied Market Research, the increasing prevalence of chronic diseases worldwide has heightened awareness about the role of nutrition in disease prevention. Consumers are proactively seeking products that align with the latest nutritional insights, contributing to the sustained demand for Omega-3 supplements.

The integration of Omega-3 into functional foods and nutraceuticals represents a transformative trend in the health and wellness industry. Consumers are gravitating towards products that not only provide basic nutrition but also offer additional health benefits. Data from Euromonitor International highlights the exponential growth of the functional foods market, with Omega-3-enriched products playing a prominent role. The innovation in product offerings, such as Omega-3 fortified beverages, snacks, and dietary supplements, is reshaping the market landscape. Nutraceutical innovation is not only catering to consumer preferences but is also addressing specific health concerns.

Omega 3 Market Segment Insights

Omega 3 Type Insights

The Omega 3 Market segmentation, based on type includes Docosahexaenoic Acid (DHA), Eicosapentaenoic Acid (EPA) and Alpha-linolenic Acid (ALA). The Eicosapentaenoic Acid (EPA) segment dominated the market 2022 due to the holistic health and wellness trend, research advancements and nutritional awareness.

Omega 3 Source Insights

The Omega 3 Market segmentation, based on Source, includes marine source and plant source. The marine source category generated the most revenue in 2022. Increasing prevalence of chronic diseases worldwide has heightened awareness about the role of nutrition in disease prevention. Consumers are proactively seeking products that align with the latest nutritional insights, contributing to the sustained demand for Omega-3 supplements. The term "ecosystem" refers to a group of people who work in the medical industry. Furthermore, Marine Source channels are always involved in boosting total customer engagement and experience in stores.

Figure 1: Omega 3 Market, by Source, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Omega 3 Application Insights

The Omega 3 Market segmentation, based on application, includes Supplements & Functional Foods, Pharmaceuticals, Infant Formula, Animal Feed & Pet Food, Others. The Pharmaceuticals category generated the most revenue in 2022. The aging population and a growing awareness of cognitive health have spurred interest in Omega-3 for its neuroprotective properties. The market is notable in both aging demographics and among younger consumers looking to support cognitive function during periods of intense mental activity.

Omega 3 Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Omega 3 market area will dominate this market, owing to an increase in the number of persons affected by marine source and plant source. In addition, the growing number of establishing health clubs and fitness facilities will boost market growth in this region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: OMEGA 3 MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Omega 3 market accounts for the second-largest market share due to the rise of plant-based diets has led to a surge in demand for plant-derived Omega-3 alternatives. Further, the German omega 3 market held the largest market share, and the UK omega 3 market was the fastest growing market in the European region

The Asia-Pacific Omega 3 Market is expected to grow at the fastest CAGR from 2023 to 2032. The increasing prevalence of e-commerce platforms and direct-to-consumer channels is reshaping the Omega-3 market. Online accessibility facilitates product awareness, reviews, and convenient purchasing, impacting consumer preferences and distribution strategies. Moreover, China’s omega 3 market held the largest market share, and the Indian omega 3 market was the fastest growing market in the Asia-Pacific region.

Omega 3 Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Omega 3 market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Omega 3 industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global omega 3 industry to benefit clients and increase the market sector. In recent years, the omega 3 industry has offered some of the most significant advantages to medicine. Major players in the omega 3 market, including Aker Biomarine Antarctic AS; Orkla Health; BASF SE; Omega Protein Corp.; GC Reiber Oils, and others, are attempting to increase market demand by investing in research and development operations.

Aker Biomarine Antarctic AS stands as a pioneering and sustainable biotechnology company with a distinct focus on marine-derived products, particularly Omega-3. Established in Norway, the company is renowned for its commitment to environmentally responsible practices in harvesting krill, a key source of Omega-3. Aker Biomarine's proprietary Eco-Harvesting technology ensures minimal environmental impact while maximizing the yield of high-quality krill oil. The company has positioned itself as a leader in the Omega-3 market, emphasizing innovation, research, and environmental stewardship. With a robust supply chain and dedication to scientific excellence, Aker Biomarine Antarctic AS has become a key player in providing premium Omega-3 solutions to the global market, contributing to both human health and the preservation of marine ecosystems.

Orkla Health, a subsidiary of the Norwegian conglomerate Orkla, is a dynamic player in the health and wellness industry. Specializing in the development, production, and marketing of a diverse range of consumer health products, Orkla Health is committed to promoting well-being and a healthy lifestyle. With a portfolio encompassing dietary supplements, over-the-counter medicines, and personal care products, the company caters to the evolving needs of consumers in the Nordic region and beyond. Orkla Health leverages its extensive expertise in nutrition and pharmaceuticals to deliver high-quality, science-backed products. By blending innovation, consumer insights, and a commitment to quality, Orkla Health has solidified its position as a trusted provider of health solutions, contributing to the overall health and vitality of individuals and communities.

Key Companies in the Omega 3 market include

• Aker Biomarine Antarctic AS


• Orkla Health


• BASF SE


• Omega Protein Corp.


• GC Reiber Oils


• Lonza


• Croda International Plc


• EPAX


• BioProcess Algae, LLC


• Koninklijke DSM N.V.

Omega 3 Industry Developments

March 2023: Epax announced that it had undertaken a significant upgrade to its facility in Aelesund, Norway, along with the launch of an advanced molecular distillation technology, branded ‘EQP+Tech’. This technology enables the separation and ultra-concentration of individual fatty acids from fish oil without using chemicals or excessive heat. It will allow the company to manufacture highly-concentrated Omega-3 products for nutritional purposes.

March 2023: GC Rieber VivoMega, through the efforts of its commercial and R&D teams, introduced a new microalgae-based omega-3 concentrate. Microalgae is a plant-based alternative to fish oil, being the origin of omega-3 DHA and EPA in species such as fish. The concentrate is aimed at consumers who follow a high-quality plant-based diet pattern.

December 2022: Aker BioMarine announced that it had entered into a strategic partnership with Fullpet Co., a major Chinese pet food manufacturer. The partnership will aim to customize raw materials through the exchange of manufacturing and research practices for promoting pet health food development.

October 2022: Epax announced the launch of a new range of products, called ‘Epax NovusLipid’, which leverages the benefits of cetoleic acid. The first product in the range was ‘EPAX Cetoleic 10’, containing cetoleic acid (an Omega-11 marine lipid) and gondoic acid (Omega-9).

Omega 3 Market Segmentation

Omega 3 Type Outlook

• Docosahexaenoic Acid (DHA)


• Eicosapentaenoic Acid (EPA)


• Alpha-linolenic Acid (ALA)

Omega 3 Source Outlook

• Marine Source


• Plant Source

Omega 3 Application Outlook

• Supplements & Functional Foods


• Pharmaceuticals


• Infant Formula


• Animal Feed & Pet Food


• Others

Omega 3 Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America