The Global Omega 3 Ingredients industry reached USD 5,008.0 million in 2019. Demand for Omega 3 Ingredients registered a 9.4% Compound Annual Growth Rate from 2019 to 2023, indicating that the global industry would reach USD 8,088.2 million in 2024. Over the projection period (2024 to 2034), global sales of Omega 3 Ingredients are expected to exhibit a 10.8% CAGR, ultimately totaling a sales value of USD 22,555.3 million by the end of 2034.
The global Omega 3 ingredient industry has been growing at a healthy rate as consumers are placing more emphasis on Omega 3 products. Nutrients such as EPA and DHA, in particular, are healthy for the heart, the brain and the body as a whole. Sustainability is at the forefront in this case, with some companies looking to produce algae Omega 3s in such a way as to reduce the pressure on the oceans, for microencapsulation of Omega 3 products and fortified foods.
The global demand for Omega 3 ingredients is derived from different markets including dietary supplements, functional foods, pharmaceuticals and infant formula. Increasing demand for personalized nutrition is also leading to the rise of Omega 3 products specific to health parameters.
| Attributes | Description |
|---|---|
| Estimated Global Industry Size (2024E) | USD 8,088.2 Million |
| Projected Global Value (2034F) | USD 22,555.3 Million |
| Value-based CAGR (2024 to 2034) | 10.8% |
The table below presents a comparative assessment of the variation in CAGR over six months for the base year (2023) and current year (2024) for the Global NPK fertilizer industry. This analysis reveals crucial shifts in industry performance and indicates revenue realization patterns, thus providing stakeholders with a better vision of the ecosystem growth trajectory over the year. The first half of the year, or H1, spans from January to June. The second half, H2, includes the months from July to December.
| Particular | Value CAGR |
|---|---|
| H1 | 6.7% (2023 to 2033) |
| H2 | 7.8% (2023 to 2033) |
| H1 | 8.0% (2024 to 2034) |
| H2 | 7.1% (2024 to 2034) |
The above table presents the expected CAGR for the Global NPK fertilizer industry over several semi-annual periods spanning from 2024 to 2034. In the first half (H1) of the decade from 2024 to 2034, the business is predicted to surge at a CAGR of 6.7%, followed by a slightly variable growth rate of 7.8% in the second half (H2) of the same decade. Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to change slightly 8.0% in the first half and remain relatively moderate at 7.1% in the second half.
Infant formula rising as a leading application of Omega 3 Ingredients such as DHA
With the growing awareness of the importance of Omega 3 DHA ingredients, especially in children, the use of DHA in infant formulations is on the rise. DHA is considered an important component for brain growth and functional development in infants and for the maintenance of normal brain structure in adults.
The market for infant formulas with DHA is rapidly growing as parents become increasingly aware of the cognitive and visual benefits of DHA. As a result, manufacturers are increasing the composition of DHA in their products.
Development of Advanced Delivery Systems for Enhanced Bioavailability
The creation of next-generation dosage forms and delivery systems is another strategy in the Omega 3 Ingredients Industry. Several companies are seeking new delivery forms such as emulsions, microencapsulation and nanoencapsulation to increase the stability and availability of Omega 3 fatty acids.
These technologies are used to prevent Omega 3s from oxidation and to help in how the oils are metabolized within the body. Moreover, newer forms of delivery such as gummies, soft gels and other forms aimed at broader markets including children and the elderly are also improving delivery systems.
Rise of Personalized Nutrition and Targeted Health Benefits
Personalized nutrition is one of the new trends emerging in the Omega 3 Ingredients Industry. Omega 3 products are being formulated to benefit specifically the cardiovascular, cognitive and musculoskeletal systems.
Furthermore, ongoing developments of nutrigenomics and performing relevant health assessments are allowing companies to manufacture more targeted Omega 3 supplements and functional foods that cater to individual customer needs for increased efficacy. This trend is giving rise to changes and diversification of the Omega 3 product range.
Global sales increased at a CAGR of 9.4% from 2019 to 2023. For the next ten years (2024 to 2034), projections are that expenditure on the industry will rise at 10.8% forecast CAGR.
The Global Omega 3 Ingredients Industry has registered excellent growth over several decades of its existence which is primarily due to increased awareness of the health benefits of Omega 3 fatty acids. In the beginning, the market was comprised of products that contained fish oil, with applications mainly in dietary supplements.
As studies about the positive attributes of Omega 3 oils regarding heart and brain functions grew, the market for these oils rose substantially. This increased the market for the application of Omega 3s in active and healthy food products, drinks and medication. The industry also underwent modernization in the methods of removal and purification of Omega 3s, giving rise to improved product quality.
The Global Omega 3 Ingredients Industry has favorable projections in the future supported by several factors. It is expected that demographic changes in Asia-Pacific, as well as increased incidence of chronic diseases and conditions, will increase the use of Omega 3 enriched products.
There is also the trend of increased adoption of alternatives to fish oil in the form of plant oils, especially algae, thus expanding the market for populations preferring plant-based options. Product formulation and delivery system innovations such as microencapsulation and fortified foods are also expected to provide additional market opportunities. Besides, applying various health claims in products is expected to increase consumers' confidence in the market.
The Omega 3 Ingredients Industry leans slightly towards consolidation with the dominance of some global corporations over the market. Nevertheless, the distribution of regional players is still notable, particularly in niche segments and geography-specific markets.
Market concentration measures the extent to which companies control the market. In the case of the Omega 3 Ingredients industry, higher market concentration is observed in fish oil and algal oil segments, where few large companies have high market shares. On the other hand, there is low concentration in regional markets and niche products.
There are few large MNCs in the industry such as Koninklijke DSM NV, BASF SE and Croda International Plc, who possess strategic assets in the form of extensive infrastructure, strong R&D as well as well-organized supply management. Their ability of product innovation and mergers & acquisitions enable their future dominance.
Even with the presence of MNCs, the sector remains fractured in certain segments and regions. Many small to medium-sized enterprises (SMEs) and regional players address local markets as well as certain applications. These companies are engaged primarily with niche products like plant-based Omega 3s or special infant nutrition formulations. For example, Polaris and Golden Omega are present in niche areas with their own specialized business, which is a major factors leading to fragmentation of the industry.
Omega Protein Inc is active in the production of Omega 3 fatty acids from fish oils and ingredients for protein sources. The company follows eco-friendly operational measures and a traceable fishing approach to produce desirable products.
Omega Protein Inc has plans to increase its market share by making acquisitions and broadening its product range to include high-quality Omega 3 ingredients. In future plans, the focus is on increasing sustainability, reducing production costs and developing new markets for Omega 3 ingredients in functional foods and dietary supplements.
In the Global Omega 3 Ingredients industry, it is the companies that are strong in R&D and have innovative offerings that are leading the pack. Their emphasis is on sustainability, responsible quality control, and health benefits as demanded by the consumers. Others will have to invest in research, consider the environment as an important aspect of their operations, and take care of the product range to satisfy different health requirements.
The market position can also be improved by developing close relations with consumers and providing them with information about raw materials and their health advantages. Companies need to be flexible enough to meet the challenges of staying competitive in the market.
Koninklijke DSM N.V. provides a full spectrum of Omega 3 products such as algal-based DHA and EPA oils. Sustainability and innovation are priorities for the company in order to produce more algae Omega 3 with less marine resources.
The company's growth strategy includes allocating funds for R&D, establishing alliances and entering unexplored international markets. Practical applications include introducing novel, marketable, high-dose Omega 3 products and endorsing the use of plant-dominated Omega 3s to cater to the increasing need for vegan population.
The following table shows the estimated growth rates of the top five markets. These countries are set to exhibit high consumption, recording high CAGRs through 2034.
| Countries | CAGR 2024 to 2034 |
|---|---|
| USA | 10.6% |
| Canada | 10.4% |
| Germany | 10.0% |
| China | 11.4% |
| Japan | 11.1% |
In the USA market, the growing popularity of dietary supplements and functional foods plays an important role in the revenues of the Omega 3 ingredients industry. Consumers are looking for products that will help them not only to nourish, but also to improve their health, such as heart health, brain health, overall well-being and others.
This is being driven by increasing understanding of the contribution of Omega 3 fatty acids, especially EPA and DHA, to improved health. The industry is further benefitted by a well-developed retail network as well as the relative convenience as products are readily available in the marketplace.
The industry for Omega 3 Ingredients in USA is projected to exhibit a CAGR of 10.6% during the assessment period and revenue from the sales of Omega 3 Ingredients in the country is expected to reach USD 6,089.9 million with a market share of 27%.
The trend of consumer focus on improvement in nutrition and healthcare is leading to a growing market for Omega 3 ingredients in Germany. The country boasts of well-established pharmaceutical and nutraceutical industries which offer high-quality and innovative products.
German consumers are more health-oriented and have an inclination towards science-based products which impacts positively on the industry of Omega 3 supplements. Moreover, strong market growth & consumer confidence are also aided by leading nutraceutical companies and massive R&D in Germany which enable new & improved Omega 3 products to be introduced continuously.
These trends are leading to a projected value of USD 2,481.1 million by 2034 with Omega 3 Ingredients demand calculated to rise at a value CAGR of 10.0% during the forecast period (2024 to 2034) with a value share of 11%.
In China, health awareness among individuals and the increase in the amount of money that individuals can spend play an important role in sales and the Omega 3 ingredients market. Since the public is preferring Omega 3 fatty acids, especially for cardio-health and brain function, the interest in these components in supplements and functional nourishment foods is increasing.
The growing economy in China has resulted in a rise in disposable income which in turn means that more of the consumers are willing to spend on health and wellness products. The government policies to encourage healthy living combined with the increase in retail outlets selling Omega 3 products have made it easy for the general public.
These factors are responsible for the robust projected forecast CAGR of 11.4% from 2024 to 2034, with the country achieving a global value share of 20% in 2034 with a value of USD 4,511.1 million.
| Segment | Docosahexaneoic Acid |
|---|---|
| Main Segment | Ingredients |
| Value Share (2034) | 42% |
DHA is one of the Omega 3 fatty acids necessary for brain and eye health. It is predominantly found in the central nervous system and the retina and is crucial for cognitive and visual abilities. This is the reason for the incorporation of this compound in various products such as food supplements, functional foods and pharmaceutical products.
As more evidence emerged on the benefits of DHA, its inclusion in products targeting the improvement of brain performance, prevention of neurodegenerative diseases and promotion of vision health has been increasing. As a result, DHA remains an advanced compound that is increasingly included in health and wellness products. This growth has propelled the segment's value to USD 9,473.2 million in 2034 with a market share of 42% and further projections suggest its growth at a CAGR of 11.1%.
| Segment | Fish Oil |
|---|---|
| Main Segment | Source |
| Value Share (2034) | 64% |
Among the sources of Omega 3 fatty acids, fish oil is still the prominent one, as it contains DHA and EPA which are beneficial for health. These fatty acids are typically used in the treatment of various inflammatory conditions and support the proper functioning of the heart, the brain and health in general. This means that fish oil has become an integral part of nutrients required for the prevention of diseases, leading to its usage in dietary supplements.
Other uses include functional foods, drugs and animal diets, which shows fish oil's versatility in application. Bolstering from these trends, this segment is set to achieve a market share of 64% with a market value of USD 14,435.4 million by 2034 due to growth at a forecast CAGR of 10.3%.
The Global Omega 3 Ingredients market is a fast growing industry with growth due to mergers and acquisitions, innovation in product launches and efficiency strategies by the key players in the industry. Players are gaining more market share and capacities through mergers and acquisitions, increasing their production and widening their scope of operations.
Such consolidation, in turn, also contributes towards achieving the economies of scale and innovating faster. Companies have been very active in launching their omega 3 products for other specific health benefits like heart health, brain health and prenatal health. These new products meet the rising demand of consumers for functional food and dietary supplements.
Acquisitions are also helping firms to seek and enhance their omega 3 brands through sustainable farming that is traceable and environmentally friendly. Strategic collaborations & alliances focused on particular omega 3 rich crop research and development investments are needed to achieve the quality and effective delivery of omega 3 products on the market.
As per Ingredients, the industry has been categorized into Alphalinolenic Acid, Eicosapentaenoic Acid and Docosahexaneoic Acid.
As per Source, the industry has been categorized into Fish Oil, Algal Oil, Chia Seed Oil, Flax Seed Oil, Soybean Oil, Canola Oil, Walnut Oil, Mustard Oil and Others.
As per Application, the industry has been categorized into Food Industry, Beverage Industry, Dietary Supplements, Infant Formulas, Pharmaceutical & Nutraceutical Industry and Animal Feed.
Industry analysis has been carried out in key countries of North America, Latin America, Western Europe Eastern Europe, Balkans & Baltic, Russia & Belarus, Central Asia, East Asia, South Asia & Pacific and Middle East & Africa.
The global market is estimated at a value of USD 8,088.2 million in 2024.
Prominent players in the landscape include Omega Proteins, Bio-Oregon Protein, Colpex International Inc., Mukka Seafood Industries Ltd, Aroma NZ, Ingredients Inc., Peterlabs Holdings and Siam Industries International.
The Global Industry grew at a Historical CAGR of 9.4% from 2019 to 2023.
The USA sales are projected to hold a revenue share of 21% over the forecast period.
The industry is projected to grow at a forecast CAGR of 10.8% from 2024 to 2034.
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Omega 3 Ingredients Market
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