Omega-3 Market to achieve CAGR of 6.3% by 2032, owing to soaring adoption of a healthy diet among the middle-class population | insightSLICE
The size of the world market for Omega-3 was projected to reach US$ 2.45 billion in 2021 and to increase at a CAGR of 6.3% through 2032.
Essential fatty acids called omega-3s to play a significant role in your body and benefit your health in a variety of ways. These must be obtained from external intake because your body cannot create them on its own.
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The key players of the Global Omega-3 Market are:
Major companies involved in the global Omega-3 Market include Axellus, BASF SE, Aker BioMarine, GC Reiber Oils, DSM, Omega Protein Corporation, and Lonza.
Increased awareness will promote consumption of omega-3 fats:
Omega 3 continue to be at the forefront of growing public knowledge about heart disease and offer a promising means of lowering risk. The American Heart Association claims that omega-3 lower the risk of heart disease and stroke, two fatal conditions that affect the majority of people worldwide.
The World Health Organization (WHO) reports that heart disease and other cardiovascular illnesses continue to be the leading cause of mortality worldwide. According to the WHO, these diseases, which are on the rise, claim the lives of close to 18 million people each year.
Additionally, heart disease and strokes are responsible for 4 out of every 5 cardiovascular-related deaths. Furthermore, one-third of fatalities are untimely because they tend to affect people under the age of 70.
The substantial preventive potential of the fatty acids, rising demand for omega-3, and expanding awareness of heart disease all represent significant growth opportunities for those in the omega-3 industry.
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Global Omega-3 Market Key Segments:
- Docosahexaenoic acid (DHA)
- Eicosapentaenoic acid (EPA)
- Alpha-linolenic acid (ALA)
- Dietary supplements
- Functional food & beverages
- Infant formula
- Pet food & feed
- Marine source
- Fish Oil
- Algal Oil
- Krill Oil
- Plant source
- Nuts & Seeds
- Vegetable Oils
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA
The leading market segments of Global Omega-3 Market
Major types and benefits if Omega-3:
Alpha-linolenic acid (ALA), docosahexaenoic acid (DHA), and eicosapentaenoic acid (EPA) are indeed the three most significant forms of Omega 3 acids (eicosapentaenoic acid).
ALA type is primarily found in plants, whereas DHA and EPA are primarily found in meals made from algae and animals, respectively. Fish oils, fatty fish, flax seeds, flaxseeds, chia seeds, walnuts, and flaxseed oil are typical products that are rich in omega-3.
For the brain and retinas to operate properly, one must consume omega-3. Getting adequate DHA is especially important for women who are breastfeeding and expecting a child because it may affect the development and IQ of the fetus.
Adults can also benefit greatly from Omega 3 fatty acid consumption when it is sufficient for their needs. According to research, omega-3 may guard against a wide range of disorders, including depression, ADHD, breast cancer, and different inflammatory conditions.
If someone doesn’t eat fish or other naturally occurring foods high in omega-3s, they should think about taking supplements. Supplements are affordable and efficient.
A study that was published in the Nature Food Journal in November 2020 shows that there is still a sizable supply and demand gap for omega-3—nearly twice as large as earlier predictions. The growing population’s desire for healthier alternatives continues to be a major factor in the expansion of the omega-3 industry.
As potential in the expanding utilization of fisheries’ byproducts and encouraging measures to reduce food waste remain a growth factor in the Omega 3 industry, the supply chain also looks to stabilize in the near future.
Docosahexaenoic acid (DHA) dominates the market for omega-3 products of this type:
In the Type section of the Omega 3 industry, the docosahexaenoic acid (DHA) market is in the lead. DHA is necessary for people of all ages since it aids in learning and memory retention and is crucial for the growth of the eye and nerve tissues.
DHA is an inappropriate element for customers of all ages because it promotes sound learning and memory retention and is essential for the growth of the tissue that lines the eyes and nerves.
The combination of the two essential Omega-3 types, DHA and EPA, facilitates the reduction of total cholesterol and lowers coronary heart diseases, including strokes and blood pressure, so it can be anticipated that the Omega-3 Market will experience significant growth as a result of today’s changing lifestyles, the widespread prevalence of many heart diseases, and the growing awareness against them.
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In the Omega-3 Market’s Source sector, marine-based products predominate:
Marine sources of Omega-3 constituted a substantial portion of the market in terms of revenue and are predicted to have rapid expansion throughout the projected period.
The rise in consumer interest in Omega-3 found in fish and krill oils is a major factor driving the market for items with marine origins.
Over the coming years, the Source sector of the Omega-3 Market is anticipated to increase due to the rising consumption of Omega-3 found in foods like fish, ham, and sausages that have been fortified with fatty acids.
Additionally, a rise in the market for meals fortified with omega-3 is projected as a result of the increased awareness surrounding the consumption of foods high in triglycerides.
The Global Omega-3 Market is led by North America:
Due to the expanding demand for this product in the pharmaceutical sector and the expansion of research and development efforts, North America has emerged as the market leader in the geographical section of the omega-3 market.
Additionally, the desire to extend the lives of the elderly population and the rising use of better, more modern treatments have both been noted, and these factors are predicted to raise demand for pharmaceuticals made with Omega-3 in the North American region.
Due to the increased demand for Omega-3 products in China, India, Singapore, South Korea, Australia, and Japan, the Asia Pacific area is predicted to rise significantly throughout the projection period.
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