The omega-3 market is projected to reach USD 7.4 billion by 2029 from USD 3.9 billion by 2024, at a CAGR of 13.5% during the forecast period in terms of value.  Conventional fish oil sources are no longer the sole choice. Sustainable and plant-based substitutes such as algae, flaxseed, and chia seed oil are becoming increasingly popular, addressing dietary limitations and ethical considerations. Furthermore, novel formats like micro-emulsified supplements and fortified food items are enhancing convenience and attractiveness, appealing to a broader demographic.

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Plant source segment is expected to maintain consistent growth in omega-3 market during the forecast period

Plant-powered Omega-3s are surging, fueled by ethically-conscious consumers seeking sustainable alternatives. Vegan, vegetarian, and allergy-friendly, these innovative options like algae oil and chia seed extracts boast potential unique health benefits and wider accessibility. Affordability and government initiatives promoting sustainable practices add further momentum. While ensuring potency and educating consumers remain key hurdles, the future of Omega-3 looks green, with this segment poised to shape a more responsible and inclusive market landscape.

North America to dominate the omega-3 market during the forecast period

In North America, the demand for Omega-3 is increasing, particularly in dietary supplement applications, driven by the recognition of Omega-3’s benefits health. Omega-3 fatty acids are among the most popular dietary supplements, known for their potential benefits for heart health, brain function, and overall well-being. The demand for omega-3 supplements in North America has been steadily increasing due to rising awareness about their health benefits and the inclusion of omega-3 in various health recommendations.

Key Market Players

The key players in this market include BASF SE (Germany), Cargill, Incorporated. (US), dsm-firmenich (Netherlands), ADM (US), Kerry Group Plc (Ireland), Croda International Plc (UK), Orkla.  (Norway), Corbion (Netherlands), GC Rieber (Norway), Pelagia AS (Norway), KD Pharma Group SA (Switzerland), Cooke Aquaculture Inc. (Canada), AlgiSys Biosciences, Inc. (US), Golden Omega (Chile), AKER BIOMARINE (Norway), and Polaris (France). These market participants are emphasizing the expansion of their footprint via agreements and partnerships. They maintain a robust presence in North America, Asia Pacific, South America, RoW, and Europe, supported by manufacturing facilities and well-established distribution networks spanning across these regions.

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The global Omega-3 market is experiencing significant growth, with an estimated value of USD 3.9 billion in 2024, projected to reach USD 7.4 billion by 2029. This expansion is attributed to innovative product technologies and shifting consumer preferences towards proactive health management practices.

Innovative approaches in Omega-3 product development involve the advancement of novel methods, formulations, and delivery techniques tailored to enhance effectiveness, absorption, stability, taste, and convenience. For instance, encapsulating Omega-3 oils within microscopic particles improves their stability and palatability, shielding them from degradation and undesirable flavors.

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Among the various applications, the dietary supplements segment is dominating the Omega-3 market. Consumers are increasingly embracing Omega-3 dietary supplements for their potential health advantages, including support for heart health, cognitive function, and joint health. Endorsement of health claims associated with Omega-3 fatty acids by regulatory agencies reinforces consumer trust and motivates integration of Omega-3 supplements into daily routines.

Eicosapentaenoic Acid (EPA) emerges as a key type driving growth, with the highest projected Compound Annual Growth Rate (CAGR) during the forecast period. Scientific evidence supporting EPA’s effectiveness in addressing cardiovascular disease, inflammation, and mood disorders like depression bolsters consumer confidence and market expansion.

The marine segment is expected to dominate the Omega-3 market by source. Marine-derived Omega-3, including fish oil, krill oil, and algae, offers high bioavailability, ensuring easy absorption and utilization by the body. Strong consumer trust in marine-derived Omega-3 supplements, particularly fish oil supplements, further contributes to market growth.

The Asia Pacific region is anticipated to exhibit the fastest growth in terms of value. Endorsement of health claims by regulatory agencies and the rise of chronic health conditions prompt consumers in the region to seek Omega-3 supplementation to support overall health and wellness.

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Key players in the Omega-3 market include BASF SE, Cargill, Incorporated, DSM-Firmenich, ADM, Kerry Group Plc, Croda International Plc, Orkla, Corbion, GC Rieber, Pelagia AS, KD Pharma Group SA, Cooke Aquaculture Inc., AlgiSys Biosciences, Inc., Golden Omega, and Polaris. These companies are at the forefront of innovation and market expansion, catering to the growing demand for Omega-3 products worldwide.

In conclusion, the Omega-3 market is witnessing substantial growth driven by innovative product technologies, increasing consumer awareness of health benefits, and regulatory support. With a focus on enhancing product effectiveness and consumer convenience, the market is poised for continued expansion in the coming years.

The global omega-3 market size is estimated to be valued at USD 4.1 billion in 2019 and is projected to be worth USD 8.5 billion by 2025, recording a CAGR of 13.1% during the forecast period. The growing demand for food fortification, increase in application profiling, and innovative product technologies shall drive the growth of the global omega-3 market over the next few years. Due to the increasing trend of mother and infant nutrition products, consumption of omega-3 fatty acids improve the performance. The omega-3 market is projected to record significant growth during the forecast period. In addition, due to the rise in health awareness among consumers, omega-3-based dietary supplement products are projected to witness high demand in the market.

The key players in this market include Cargill (US), BASF (Germany), DSM (Netherlands), Croda International (UK), and Epax (Norway). New product and technology launches, expansions & investments, agreements, and partnerships were some of the core strengths of the leading players in the omega-3 market. These strategies were adopted by the key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Some of the other players in the omega-3 market include Lonza (Switzerland), Orkla Health (Norway), Corbion (Netherlands), KD Pharma (Germany), GC Rieber (Norway), Guangdong Runke Bioengineering (China), Nordic Naturals (US), Golden Omega (Chile), Biosearch Life (Spain), Pharma Marine (Norway), Polaris (France), Sinomega (China), Kinomega (China), and Huatai Biopharm (China).

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DSM (Netherlands) is one of the major players in the global omega-3 market. DSM is a Dutch company that is involved in the manufacture of nutritional products, pharmaceutical ingredients, and industrial chemicals. The company is actively providing solutions in the fields of nutrition and health. To expand its business, the primary strategy opted by the company is to launch new products, partnerships, investments, and joint ventures. DSM launched Life’s Omega is an algae-based vegetarian capsule that offers both EPA and DHA and is a natural source for omega-3. This product aided in sustaining the marine ecosystems.

Epax (Norway) is one of the major players in the omega-3 market. It is one of the global leaders in providing omega-3 concentrates, which are highly purified and of high quality. The company’s line of business includes omega-3 concentrates in different concentrations and EPA: DHA ratios. Epax announced to invest USD 35 million over the next two years for the innovation of its omega-3 sector. This investment will allow Epax to have better capacity in the omega-3 industry, at its main site of production in Norway. It will facilitate the extended concentration of EPA and DHA without prompting oxidation, which will ultimately avoid unwanted by-products.

The omega-3 market in Asia Pacific is projected to witness high growth due to rising awareness about its health benefits and increasing disposable income of the population in the Asia Pacific countries. With the growing inclination toward healthy aging in the region, the adult population prefers consuming dietary supplements, including omega-3, as per the recommendations by the Global Organization for EPA & DHA Omega-3 (GOED). Moreover, in Asia Pacific countries, the governments are also focusing on and promoting fortified foods, and many big brands such as BASF (Germany) and Croda International (UK) have expanded their operations in these countries to cater to the growing demand for omega-3. Key manufacturers prefer expanding in the Asia Pacific region, as it provides cost-effective benefits during production and processing. The high demand for omega-3 and low cost of production are the major factors that are projected to encourage suppliers and manufacturers to invest in this market. In addition, Asia Pacific has the highest growth potential due to factors such as high economic growth and the increase in income of individuals in the region. The high population growth and increase in FDI are factors that are driving the growth of the omega-3 market.

This report includes a study on the marketing and development strategies, as well as the product portfolios of the leading companies operating in the omega-3 market. It includes the profiles of leading companies such as Epax (Norway), Croda International (UK), Golden Omega (Chile), GC Rieber (Norway), Cargill (US), DSM (Netherlands), BASF (Germany), Lonza (Switzerland), KD Pharma (Germany), and Pharma Marine (Norway).

The global omega-3 market size is estimated to be valued at USD 4.1 billion in 2019 and is projected to be worth USD 8.5 billion by 2025, recording a CAGR of 13.1% during the forecast period. The global market is projected to witness significant growth due to factors such as the increase in the dietary supplement consumption and that of functional food & beverage, which encourages the production process and rise in the awareness of consumers associated with preventive healthcare across the globe.This has promoted the growth ofthe omega-3 market in China, India, Japan, and Australia.

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Significant developments that can change the business landscape as well as market forecasts

The share of the source segmentation was calculated based on the share of the type segmentation. ALA is mainly found in plant oils; however, some part of it comes from the marine sources. Whereas, EPA and DHA are obtained from marine sources only.

The growing number of omega-3 manufacturers in the US and the largest number of existing companies in the country are factors considered for the higher CAGR of the country in the market.

The falling supply of fish stocks and lack of aquaculture management due to sustainability issues have made manufacturers shift to plant alternatives. Due to this reason, the plant source segment is growing at a relatively higher rate.

A majority of the infant and mother nutrition products in the US are now DHA-fortified. Due to this reason, the market for infant formula and DHA are growing at a higher rate in the country.

The rising number of health concerns among the various age groups across the world has resulted in an increasing demand for omega-3 supplements that target specific ailments, which, in turn, drive the market. Recent launches and research in infant and mother nutrition products for infant brain development have resulted in high usage of DHA in these products, which has significantly affected market growth.

Addition to/Refinement in segmentation – Increase in depth or width of segmentation

Type(with more scope): In the previous edition of the report, theomega-3market, on the basis of type, was segmented as follows:

• Marine sources
  • Fish oil
  • Algal oil
  • Krill oil
  • Other marine oils
• Plant sources
  • Flaxseed oil
  • Chia seed oil
  • Other plant sources

In the latest edition, market sizing and forecasting are provided for the following segmentation:

• Marine sources
  • Fish oil
  • Algal oil
  • Krill oil
  • Other marine oils
• Plant sources
  • Nuts & seeds
  • Vegetable oils

Coverage of new market players, change in the market ranking of existing players

Company Profiles: Company profiles offer a glimpse of the key players in the market with respect to business overview, financials, product offerings, and recent developments. In the new edition of the report, a few additional players have been profiled—Epax (Norway), Golden Omega (Chile), Kinomega (China), Sinomega (China), BASF (Germany), Lonza (Switzerland), Huatai Biopharm (China), KD Pharma (Germany), Runke Bioengineering (China), Nordic Naturals (US), Algisys (US), Biosearch Life (Spain), and Corbion (Netherlands).

These players have emerged as key players in recent years, due to various strategic investments, acquisitions, and product launches in emerging markets of omega-3. These strategic developments have challenged the status quo of the industry leaders, and it was prudent to analyze the changing business landscape.

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Case Studies/Commercialization of Concepts/New Use Cases

• Use of spray drying technology is cost-effective over emulsion-based technologies for microencapsulation of omega-3 fatty acids. Several market players are expanding their portfolios into microencapsulated omega-3 products to achieve future revenue mix. Here are a few instances:
  • Skuny Bioscience (China) has launched microencapsulated powder of omega-3 under the brand name, Megafullife,which is produced from plant-based sources.
  • Functional Mikron (Brazil) has launched microencapsulated powder of omega-3 in order to achieve higher bioavailability in the products.
• In 2016, the Marine Ingredients Organization published a report stating that the fishing of anchovy is reduced due to the feed and fish stock management. Due to this, fish oil production is reducing at the rate of 900/800,000 metric tons per year.

These studies are considered as new use cases, which are influencing the growth rate of theomega-3market significantly.

New data points/analysis(frameworks) that were not present in the previous version of the report

• During the production cycle of the report, in-depth interviews were conducted with various primary respondents, which include key opinion leaders, subject matter experts, directors, and C-level executives of the demand-side and supply-side stakeholders of the omega-3 market, to obtain and verify critical qualitative and quantitative information. This primary data was collected mainly through questionnaires, emails, and telephonic interviews.
• The recent developments of the top 39 players offering omega-3were mapped in the new edition of the report, to understand and forecast future growth trends.
• Comprehensive analysis of market dynamics such as drivers, restraints, opportunities, and challenges was also added to this report.
• Regulatory data is provided in this version of report.
• Fish oil production data for various countries is also provided in the current version of the report.

Report Objectives:

• To define, segment, and project the global market size for omega-3
• To understand the omega-3 market by identifying its various subsegments
• To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To analyze the micromarkets, with respect to individual growth trends, prospects, and their contribution to the total market
• To project the size of the market and its submarkets, in terms of value, with respect to the regions (along with their respective key countries)
• To profile the key players and comprehensively analyze their core competencies
• To understand the competitive landscape and identify the major growth strategies adopted by the players across the key regions
• To analyze the competitive developments, such as expansions & investments, mergers & acquisitions, new product launches, partnerships, collaborations, and agreements

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Recent Developments:

• In October 2019, KD Pharma (Germany) introduced Kardio3, which is a blend of omega-3, vitamin K2, and phytosterols. It aids in maintaining healthy lipids and supports heart and bone health.
• In September 2019, Epax (Norway) announced an investment of USD 35 million over the next two years for the innovation of its Omega-3 sector. This investment will allow Epax to have better capacity in the omega-3 industry at its main site of production in Norway. It will facilitate the extended concentration of EPA and DHA without prompting oxidation, which will ultimately avoid unwanted by-products.
• In September 2019, Polaris (France) launched Omegavie DHA 700 algae Sensory QualitySilver, which would help the company in the field of algal omega-3. The product majorly contains DHA and also contains excellent organoleptic properties.

Factors Influencing Global Growth:

Drivers

• Consumer Awareness Regarding the Health Benefits of Omega-3
• Increase in Application Profiling and Existing Applications Finding New Markets
• Innovative Production Technologies

Restraints

• Lower Fish Oil Supply Due to Sustainability Issues Among Fisheries
• Lack of Clarity Among Consumers About Daily Recommended Intake

Opportunities

• Research for the Development of Alternative Sources to Obtain Omega-3
• Emerging Economies of Asia Pacific and South America to Witness High Growth
• Favorable Regulatory Environment
• Microencapsulation
• Awareness About Certified Food Ingredients

Challenges

• High Cost Involved in R&D Activities
• Highly Unstable Fish Oil Prices

Monetary Growth Expectations, Globally:

The omega-3 market size is estimated to account for a value of USD 4.1 billion in 2019 and is projected to grow at a CAGR of 13.1% from 2019, to reach a value of USD 8.5 billion by 2025. Consumer awareness regarding the health benefits of omega-3 and an increase in application profiling and existing applications finding new markets are projected to drive the growth of the omega-3 industry.

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Geographical Growth Scenario:

The omega-3 market in Asia Pacific is projected to witness high growth due to rising awareness about its health benefits and increasing disposable income of the population in the Asia Pacific countries. With the growing inclination toward healthy aging in the region, the adult population prefers consuming dietary supplements, including omega-3, as per the recommendations by the Global Organization for EPA & DHA Omega-3 (GOED). Moreover, in Asia Pacific countries, the governments are also focusing on and promoting fortified foods, and many big brands such as BASF (Germany) and Croda International (UK) have expanded their operations in these countries to cater to the growing demand for omega-3. Key manufacturers prefer expanding in the Asia Pacific region, as it provides cost-effective benefits during production and processing. The high demand for omega-3 and low cost of production are the major factors that are projected to encourage suppliers and manufacturers to invest in this market. In addition, Asia Pacific has the highest growth potential due to factors such as high economic growth and the increase in income of individuals in the region. The high population growth and increase in FDI are factors that are driving the growth of the omega-3 market.

Leading Market Players:

• Epax (Norway)
• Croda International (UK)
• Golden Omega (Chile)
• GC Rieber (Norway)
• Cargill (US)
• DSM (Netherlands)
• BASF (Germany)