The global omega 3 market size was valued at USD 2.62 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2030. This is attributable to the rising use of ingredients in the human diet to support brain and heart health. Furthermore, the increasing consumer investment in healthcare and one’s well-being is also expected to boost product demand. The market is witnessing continuous diversification in its product offerings as consumers are looking for alternatives to traditional fish oil. Krill oil is one of the widely used sources of omega-3 due to its superior properties as compared to conventional fish oil. The majority of consumers in Europe and North America prefer krill oil over any other source of fish oil owing to its acid reflux, unpleasant taste, and large-sized pills. Such factors are anticipated to trigger product demand during the forecast period.

The demand for omega-3 fatty acids in the U.S. is projected to grow significantly over the next few years owing to rising consumer awareness in the country regarding the several health benefits offered, including lowering blood pressure and cholesterol and reducing risks related to heart diseases. Moreover, growing consumer preference for a healthy and nutritional diet is further expected to fuel product demand shortly.

Gather more insights about the market drivers, restrains and growth of the Global omega 3 market

Omega 3 Market Segments Highlights:

• Docosahexaenoic acid (DHA) dominated the market with a revenue share of more than 56% in 2023. This is attributed to the growing utilization of the product in infant formulas to improve an infant's overall health.
• The demand for Eicosapentaenoic acid (EPA) will increase globally during the forecast period owing to several health benefits, such as avoiding inflammation, high blood pressure, coronary heart diseases, and excessive triglycerides (blood fats).
• The marine source dominated the market with the highest revenue share of 83.5% in 2023. This is attributable to the abundance of DHA and EPA omega-3s in fish bodies or oily, liver oil, or fatty fish, and marine microorganisms, such as marine and algae omega 3 ingredient including krill.
• The plant source segment is expected to register growth over the forecast period, mainly because the global demand for vegetable oils obtained from seeds of soybeans, safflower, sunflower, cotton, and corn is surging as they are rich sources of omega 3.
• Supplements & functional foods dominated the market with a revenue share of over 51% in 2023.This is attributable to the exceptional benefits offered by the product such as muscle gain, mineral fortification weight management, and beauty benefits.
• The pharmaceuticals segment is expected to register significant growth over the forecast period on account of its growing usage in the dermatology sector due to its scalp nourishment properties.
• The growing aging population, increasing lifestyle-related diseases, and rising prevalence of cancer are expected to fuel the demand for omega-3-based pharmaceutical products.
• North America region dominated the market with a revenue share of more than 37.1% in 2023. The demand in this geographical area is additionally stimulated by the existence of prominent pharmaceutical corporations, including Pfizer, Inc., Johnson & Johnson, Amway, and Amarin Pharma, Inc., among other entities.
• In Europe, the demand for omega 3 is anticipated to witness a significant increase over the forecast period owing to surging product consumption, especially in the form of dietary supplements by the continuously increasing aging population, particularly of developed economies such as Germany, France, the Netherlands, and the UK.
• Asia Pacific is likely to witness growth owing to the rising demand for packaged baby nutrition formulas owing to the increasing participation of women in the workplace is anticipated to propel the demand for infant formulas in countries such as India, China, Japan, Australia, and Thailand.

Browse through Grand View Research's Food Additives & Nutricosmetics Industry Research Reports.

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Omega 3 Market Segmentation

Grand View Research has segmented the global omega 3 market report based on basis of type, source, application, and region:

Omega 3 Type Outlook (Revenue, USD Million; Volume, Tons; 2018 - 2030)

• Docosahexaenoic acid (DHA)
• Eicosapentaenoic acid (EPA)
• Alpha-linolenic acid (ALA)
• Docosapentaenoic acid (DPA)
• Others

Omega 3 Source Outlook (Revenue, USD Million; Volume, Tons; 2018 - 2030)

• Marine Source
• Plant Source

Omega 3 Application Outlook (Revenue, USD Million; Volume, Tons; 2018 - 2030)

• Supplements & Functional Foods
• Pharmaceuticals
• Infant Formula
• Animal Feed & Pet Food
• Others

Omega 3 Regional Outlook (Revenue, USD Million; Volume, Tons; 2018 - 2030)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

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