Global Omega 3 Market Share, Size, Trends, Industry Analysis Report: Information By Type (DHA (Docosahexaenoic Acid), ALA (Alpha Linolenic Acid), and EPA (Eicosapentaenoic Acid)), By Source, By Application And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast, 2024 - 2032

Global Omega 3 Market Size was valued at USD 2,336.39 Million in 2023. The Omega 3 industry is projected to grow from USD 2,477.74 Million in 2024 to USD 4,459.28 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 7.6% during the forecast period (2024 - 2032).

The omega 3 market has experienced significant growth and diversification in recent years, driven by various factors influencing consumer preferences and industry dynamics. As awareness regarding the health benefits of Omega 3 fatty acids continues to rise, growing demand for Omega 3 fortified products across sectors such as pharmaceuticals, nutraceuticals, food and beverages, and dietary supplements is boosting omega 3 market demand. Furthermore, the expanding aging population, coupled with the prevalence of chronic diseases, has bolstered the demand for Omega 3 supplements as part of a healthy lifestyle regimen.

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Additionally, the incorporation of Omega 3 ingredients in functional foods and beverages has gained traction, driven by the trend towards functional and fortified food products catering to specific health needs. Moreover, technological advancements in extraction and processing techniques have enhanced the availability and bioavailability of Omega 3 supplements, further fueling omega 3 market growth. Industry players are also investing in research and development activities to explore new sources of Omega 3 and develop innovative delivery formats to cater to diverse consumer preferences. There is an increasing emphasis on sustainability and environmental considerations in the sourcing of Omega 3, with a growing interest in obtaining it from sustainable fisheries or alternative sources like algae-based supplements.

Strategic collaborations, partnerships, mergers, and acquisitions among key industry players are anticipated to drive omega 3 market consolidation and foster innovation in product development and marketing strategies. For instance, in January 2021, GC Rieber VivoMega AS announced its partnership with Meelung Trading Co. Ltd, a nutritional supplements distributor and marketer, to sell VivoMega Omega 3 fish oils in Taiwanese markets.  As the omega 3 market continues to evolve, with expanding applications and a widening consumer base, industry stakeholders are poised to capitalize on the lucrative opportunities presented by this dynamic market landscape. In addition, regulatory initiatives and endorsements by healthcare professionals and regulatory bodies advocating the benefits of Omega 3 consumption are expected to bolster omega 3 market revenue share.

Omega 3 Market Trends

Increasing Product Application is Driving the Market Growth

Market CAGR for Omega 3 is growing significantly due to their expanding application across various end-use industries. These fatty acids, known for their extensive health benefits, are increasingly utilized in the pharmaceutical and nutraceutical sectors, as well as in food and beverage, cosmetics, and animal feed industries. The versatility of Omega 3s, especially EPA and DHA, has driven their incorporation into a wide range of products aimed at improving heart health, cognitive function, joint support, eye health, and immune function. This broadening application scope is a major driver of omega 3 industry growth, as consumers become more aware of the health benefits associated with Omega 3 intake.

Moreover, the rising prevalence of chronic diseases, particularly cardiovascular diseases, has further propelled the demand for Omega 3 fatty acids as both a preventive and therapeutic measure. Countries such as India and China are experiencing a surge in heart disease cases, creating a substantial market for heart health products that contain Omega 3s. According to the United Nations Population Fund (India), it is estimated that the number of cases of heart disease in senior citizens across India will reach 19.1 million by 2050. This growing demand is a testament to the essential role of Omega 3s in promoting overall health and preventing chronic illnesses.

Growing Use of Omega 3 in Cosmetics and Personal Care Products

The growing use of Omega 3 in cosmetics and personal care products is significantly boosting omega 3 market demand. Omega 3 fatty acids, known for their anti-inflammatory and skin-nourishing properties, are becoming increasingly popular in skincare and haircare formulations. Consumers are looking for products that improve both their appearance and support long-term health, making Omega 3 a highly desired ingredient.

This trend is driven by heightened consumer awareness about the benefits of natural and health-oriented products. Omega 3 enriched cosmetics are marketed as offering superior hydration, anti-aging effects, and improved skin elasticity, which resonates with the health-conscious demographic. As consumers prioritize holistic wellness, the incorporation of Omega 3 in personal care products aligns with this shift, fostering greater omega 3 market demand.

Moreover, the integration of Omega 3 into cosmetics complements the broader trend of functional beauty products. This synergy between health benefits and beauty outcomes is propelling the omega 3 market, encouraging more manufacturers to innovate and include these fatty acids in their formulations, thus fueling the omega 3 market revenue.

Advancements in Omega 3 Extraction Technologies

Advancements in Omega 3 extraction technologies are significantly driving the demand for the omega 3 market. Innovations in extraction methods, such as supercritical CO2 extraction and enzymatic processes, have improved the purity, yield, and environmental sustainability of omega 3 production. These technologies ensure that the extracted Omega 3 fatty acids are of high quality, free from contaminants, and possess greater bioavailability, making them more effective for human health. Such advancements also reduce production costs, making Omega 3 products more affordable and accessible to a broader range of consumers. This leads to an increase in the variety and availability of Omega 3-enriched products in the market, from dietary supplements to fortified foods and beverages.

Additionally, improved extraction methods support the development of new formulations and applications, further expanding the omega 3 market. As a result, the enhanced efficiency and quality offered by modern extraction technologies are meeting the rising consumer demand for high-quality, health-beneficial Omega 3 products, thus propelling omega 3 market growth.

Omega 3 Market Segment Insights

Omega 3 Type Insights:

The global omega 3 market segmentation, based on type includes DHA (Docosahexaenoic Acid), ALA (Alpha Linolenic Acid), and EPA (Eicosapentaenoic Acid). DHA (Docosahexaenoic Acid) held the largest market in 2023. Docosahexaenoic acid (DHA) has emerged as a market leader, primarily driven by its increasing use in infant formulas to enhance overall infant health. As the most vital and abundant Omega 3 fatty acid in the human diet, DHA plays a key role in maintaining human body health. It is particularly crucial for the development and maturation of an infant's brain and eyesight.  The innovation introduced by key players in the DHA in the Omega 3 product segment indicates a notable increase in demand within the omega 3 market.

This innovation includes advancements such as improved formulation techniques, enhanced bioavailability, novel delivery methods, or the development of products with higher concentrations of DHA (docosahexaenoic acid), a key Omega 3 fatty acid known for its health benefits. As a result, consumers are showing greater interest and demand for Omega 3 products that offer specific benefits associated with DHA, such as cognitive health, heart health, and overall well-being. For instance, in November 2022, Orlo Nutrition unveiled a DHA Starter Kit featuring an algae-based Omega 3 supplement designed to promote brain, heart, joint, and overall health. Furthermore, Omega 3 is extensively used in dietary supplements and fortified foods. Its applications extend to the treatment of conditions like dementia, attention deficit hyperactivity disorder (ADHD), coronary artery disease (CAD), and Type 2 diabetes. The health and longevity benefits associated with DHA have led to its inclusion in geriatric nutrition products.

Omega 3 Application Insights

The global omega 3 market segmentation, based on application, includes Pharmaceutical, Dietary Supplements, Animal Feed & Pet Food, Functional Food & Beverages, and Infant Formula. The Pharmaceuticals segment is expected to be the fastest-growing CAGR during the forecast period. Due to the benefits of Omega 3 fatty acids in reducing the risk of abnormal heartbeats (arrhythmias) leading to sudden death, lowering triglyceride levels, slowing atherosclerotic plaque growth, and decreasing blood pressure. The nutrients also offer potential benefits in managing conditions like cancer, asthma, and depression. In dermatology, Omega 3's scalp nourishment properties are valued for preserving skin lipid content, preventing moisture loss, and maintaining skin hydration. The rising use of Omega 3 in pharmaceutical applications for treating skin and scalp conditions is expected to drive omega 3 market growth. Factors such as the growing elderly population, lifestyle-related diseases, and cancer prevalence are driving the demand for Omega 3-based pharmaceutical products.

Moreover, technological advancements in active pharmaceutical ingredient (API) manufacturing are also projected to enhance omega 3 market revenue share. Key players are collaborating to innovate Omega 3 products tailored for pharmaceutical industry use, further fueling market expansion. For instance, in August 2020, KD Pharma Group SA and Stratum Nutrition announced a partnership aimed at developing a distinctive joint health formula by combining Stratum's NEM brand eggshell membrane with KD Pharma's kd-pür marine omega oils. The resulting combined product, named MOVE3, is being marketed in soft gel form through the global sales networks of both Stratum and KD Pharma. The collaboration between Stratum and KD Pharma includes a global exclusivity agreement for the combination of NEM and kd-pür marine fish oils. A recent study has been published assessing the combination's effectiveness in treating joint pain and stiffness.

Global Omega-3 Market, Segmental Coverage, 2019 - 2032 (USD Million)

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

Omega 3 Regional Insights:

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America region accounted to be the largest market share in 2023. The omega 3 market in North America is experiencing significant growth, driven by the increasing consumer awareness of the health benefits associated with Omega 3 fatty acids and their growing incorporation into various food and dietary supplements. The primary driving factor behind the growth of the omega 3 market in North America is the rising prevalence of chronic diseases such as cardiovascular disorders, arthritis, and cognitive impairments. According to the Centers for Disease Control and Prevention, approximately 695,00 people died because of heart disease in the year 2021. Omega 3 fatty acids, such as EPA (eicosapentaenoic acid) and DHA (docosahexaenoic acid), have been extensively researched for their potential to reduce the risk of these conditions and promote overall heart and brain health.

As a result, consumers in North America are increasingly seeking out Omega 3-fortified products, including functional foods and supplements, as part of their daily diet. Similarly, the increasing healthcare expenditure in North America is a significant driver of the market. As consumers become more health-conscious, they are turning to nutritional supplements and functional foods rich in Omega 3 fatty acids. Overall, the omega 3 market in North America is poised for continued growth, driven by factors such as increasing consumer health consciousness, industry players' product innovation efforts, and supportive regulatory frameworks.

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.

The Asia-Pacific omega 3 market is expected to grow at the fastest CAGR from 2024 to 2032. Asia Pacific is expected for the growth of fastest CAGR during the forecast period. As people are becoming more health-conscious, there is a shift towards preventive healthcare. Omega 3 fatty acids are known for their potential to reduce the risk of various lifestyle-related diseases such as cardiovascular diseases, diabetes, and obesity. India is witnessing a rise in lifestyle-related diseases due to changing dietary patterns, sedentary lifestyles, and increasing stress levels. omega 3 fatty acids are perceived as an important nutrient to combat these diseases, leading to a higher demand for Omega 3 supplements and fortified foods. 

Moreover, India omega 3 market is expected to continue its steady growth during the forecast period. The demand for nutritional supplements, including Omega 3 products, is on the rise due to greater awareness of the health benefits associated with these supplements. Evonik, a global leader in specialty chemicals operating across more than 100 countries, is launching Omega 3 products in India to establish a foothold in the Asian market. India serves as a strategic location that provides access to neighboring countries in the region, offering opportunities for further expansion and increased distribution channels

GLOBAL OMEGA 3 MARKET, REGIONAL COVERAGE, 2019 - 2032 (USD Million)

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

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 technological advancements. Major players in the omega 3 market, including AKER BIOMARINE, BASF SE, Croda International Plc, Pelagia Holding AS, GC Rieber, DSM-Firmenich AG, Omega Protein Corporation, Corbion, Nuseed Global, and Cargill Inc.

Aker BioMarine AS specializes in krill-derived products for nutraceuticals, pet food, and aquaculture, operating globally with segments in Ingredients and Brands, and offering circular recycling solutions. In September 2023, Aker BioMarine collaborated with Swisse to introduce Swisse Ultiboost High Strength Krill Oil, featuring Superba Boost, with exclusive health benefits in Australia.

GC Rieber, a privately owned company, operates in industry, shipping, and commercial property, offering VivoMega oils for health and high-quality nutritional solutions like Seven OceanS Rations and BP-5 for malnutrition and survival. In January 2021, GC Rieber VivoMega AS announced its partnership with Meelung Trading Co. Ltd, a nutritional supplements distributor and marketer, to exclusively sell VivoMega Omega 3 fish oils in Taiwanese markets.

Key Companies in the Omega 3 Market Include:

• AKER BIOMARINE
• BASF SE
• Croda International Plc
• Corbion
• Cargill Inc.
• DSM-Firmenich AG
• GC Rieber
• Nuseed Global
• Omega Protein Corporation
• Pelagia Holding AS

Omega 3 Industry Developments

• March 2024: DSM-Firmenich partnered with SCN BestCo to develop high-load Omega 3 gummies using Life’s OMEGA O33-P100. The company aims to offer superior formulations exceeding 400 mg EPA+DHA per two-piece serving, revolutionizing Omega 3 supplementation in North America with science, taste, and sustainability.
• October 2023: DSM-Firmenich introduced Life’s OMEGA 03020, an algal omega 3 with EPA/DHA ratio matching fish oil. This product addresses sustainability concerns in the marine Omega 3 market while offering consumers a plant-based alternative to meet nutritional needs.
• September 2023: Aker BioMarine collaborated with Swisse to introduce Swisse Ultiboost High Strength Krill Oil, featuring Superba Boost, with exclusive health benefits in Australia

Omega 3 Market Segmentation:

Omega 3 Type Outlook

• DHA (Docosahexaenoic Acid)
• ALA (Alpha Linolenic Acid)
• EPA (Eicosapentaenoic Acid)

Omega 3 Source Outlook

• Plant-Based
• Marine-Based

Omega 3, Application Outlook

• Pharmaceutical
• Dietary Supplements
• Animal Feed & Pet Food
• Functional Food & Beverages
• Infant Formula

Omega 3 Regional Outlook

• North America

• US
• Canada

• Europe

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

• Asia-Pacific

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

• Middle East & Africa

• Saudi Arabia
• UAE
• Israel
• South Africa
• Rest of Middle East & Africa

• Latin America

• Mexico
• Brazil
• Argentina
• Rest of Latin America

Omega 3 Report Scope