August 2024
23 Jul 2024
The global omega 3 market revenue was valued at USD 8.06 billion in 2023 and is poised to grow from USD 8.67 billion in 2024 to USD 17.86 billion by 2034, at a CAGR of 7.5% during the forecast period 2024 – 2034. The increasing concern towards healthcare and the increasing consciousness of using ingredients in the diet for enhancement of heart and brain health.
Omega-3 fatty acids are essential nutrients required for the human body, and they have several benefits: lower blood pressure, reduced joint inflammation, and various severe disorders. This can be obtained from plants, nut oils, various fishes, and seafood like halibut, tuna, salmon, algae, and krill. The incorporation of omega-3 fatty acids in food and beverages is good for brain health and the development of the human body.
Awareness among people and continuous research studies in pharmaceutical companies boost the omega 3 market. Due to the benefits like better heart health, healthy skin, reduced levels of triglycerides, and improved good cholesterol like HDL, many people prefer to consume this in their diet. Multiple industries in the omega 3 market are concentrating on improving and evolving their products by adding flavors, fragrances, nutritional value, and various other characteristics to their deliveries.
Continuous research and enhancement in product quality driving the omega 3 market
As omega 3 helps to reduce chronic heart diseases, brain diseases, improve skin texture, and diseases that can cause sudden death of patients, the demand for omega 3 market is boosting. Awareness among people about the impact of diet on health is resulting in conscious choice of healthy food habits and supplements. Along with the consumption of other vitamins and minerals, the understanding of the importance of omega-3 fatty acids is rising. Some other factors that drive the omega 3 market are advertisements of brands showing their nutritional benefits. In various countries, fish consumption is also rising as fish oil is the primary source of omega-3 in it. The need for docosahexaenoic acid (DHA) is important for women with pregnancy and breastfeeding mothers.
Also, it is essential for the brain development of infants, which ultimately drives the omega 3 market to an exponential level. With the increasing number of athletes, the consumption of omega 3 also increases both in the natural form and in supplements as this is well known for its ability to fight inflammation, hence helping to reduce joint pain and fatigue condition in athletes.
Furthermore, scientific studies highlighting the possible assistances of omega 3 in handling several health situations, like circulatory disease, cerebral decline, and inflammatory illnesses, further boost market development. Additionally, healthcare experts’ references and confirmations of omega-3 supplements are subsidized to amplify user assurance and acceptance of omega-3 foodstuffs. The rising consciousness of omega-3 health assistance among customers and healthcare workers is a crucial driver pushing market development.
The high demand for fish culture decreases the availability at lower charges and hence hinders the growth of the omega 3 market. Rapidly increasing pollution makes fish toxic to consume, which again creates a barrier to the growth of the omega 3 market. Because of the overexploitation of fish, the marine ecosystem is under threat, and many other marine life is at risk of extinction.
| Report Attribute | Key Statistics |
| Market Revenue in 2024 | USD 8.67 Billion |
| Market Revenue by 2034 | USD 17.86 Billion |
| Market CAGR | 7.5% from 2024 to 2034 |
| Quantitative Units | Revenue in USD million/billion, Volume in units |
| Largest Market | North America |
| Base Year | 2023 |
| Forecast Period | 2024 to 2034 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Recent Development by MiAlgae
Recent Development by Corbion
Asia-Pacific is expected to grow at the fastest rate during the forecast period due to the continuous shift towards preventive healthcare. Omega-3 can diminish the risk of several major diseases related to the heart, brain, and more. A country like India is facing major lifestyle-related diseases such as diabetes, obesity, sedentary lifestyle, stress, etc. Omega-3 plays a crucial role in combatting such diseases, which leads to a high demand for omega-3 supplements.
North American region held the largest share of the omega 3 market in 2023 due to consciousness among people to consume healthy food. Consumers are gradually becoming more aware of their health and trying to adopt lifestyle and food habits that can enhance their longevity. Docosahexaenoic acid (DHA), eicosapentaenoic acid (EPA), and alpha-linolenic acid (ALA) are the three major forms of omega 3, which is majorly consumed and adds immense benefits to humans.
The rapid application and formation of the purest form driving the market potential of the omega 3 market
The growing demand for omega-3 in pet nutrition and pharmaceuticals is enhancing the market, as is growing public inventiveness related to well-being and fitness, which further support the market. The rising consumer consciousness of the well-being profits of omega-3 is boosting the request for market companies to revolutionize to endure competition. In addition, the expertise brings aromatic oils in a micro-emulsified preparation that is intended to upsurge external captivation.
The rising trend in the direction of modified nutrition and health-attentive existences further boosts the request for useful foods developed with omega-3 three personalized to precise health requirements and likings. Moreover, revolutions in food skills and preparation techniques allowed the growth of Omega 3 to encourage foodstuffs with enhanced taste, quality, and constancy, encouraging user adoption and market saturation. By taking advantage of the rising request for useful foods and drinks, omega-3 producers can blow the new market sections and boost economic development.
Market Segmentation
By Type
By Source
By End-Use
Buy this Research Report@ https://www.precedenceresearch.com/checkout/2312
You can place an order or ask any questions, please feel free to contact at sales@precedenceresearch.com | +1 650 460 3308
August 2024
February 2024
October 2023
July 2023