Reports > Food And Beverages > Omega-3 Market Report
Omega-3 Market Size, Share, Industry Trends and Forecast to 2033
This report covers the comprehensive analysis of the Omega-3 market, including market size, growth trends, segmentation, technological advancements, and regional insights for the forecast period from 2023 to 2033.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $12.30 Billion |
| CAGR (2023-2033) | 7.5% |
| 2033 Market Size | $25.89 Billion |
| Top Companies | DSM Nutritional Products, BASF SE, Omega Protein Corporation, Lipogen Ltd., Nutraceutical Corporation |
| Last Modified Date | 15 Nov 2024 |
Omega-3 Market Report (2023 - 2033)
Omega-3 Market Overview
What is the Market Size & CAGR of Omega-3 market in 2023?
Omega-3 Industry Analysis
Omega-3 Market Segmentation and Scope
Request a custom research report for industry.
Omega-3 Market Analysis Report by Region
Europe Omega-3 Market Report:
Europe's Omega-3 market is anticipated to grow from USD 4.39 billion in 2023 to USD 9.24 billion by 2033. The region experiences high acceptance rates for health supplements and is supported by stringent regulatory standards on product safety and quality. The growing trend towards organic and natural products is expected to play a critical role in shaping market dynamics.Asia Pacific Omega-3 Market Report:
The Asia Pacific Omega-3 market is projected to grow from USD 2.05 billion in 2023 to USD 4.32 billion by 2033, highlighting a CAGR of approximately 7.8%. This growth is attributed to increasing health consciousness among consumers and a rising trend towards preventive healthcare. The demand for plant-based Omega-3 sources, particularly among vegetarian populations, is also gaining traction in this region.North America Omega-3 Market Report:
North America maintains a dominant position in the Omega-3 market, with a projected increase from USD 4.08 billion in 2023 to USD 8.58 billion by 2033. This robust growth rate is supported by the high prevalence of lifestyle-related diseases and the strong presence of key market players. The region's inclination towards scientific research backing health claims for Omega-3 products will likely further stimulate market demand.South America Omega-3 Market Report:
The South American market for Omega-3 is expected to increase from USD 0.50 billion in 2023 to USD 1.05 billion by 2033. Factors such as rising disposable income and changing dietary habits significantly influence this growth. The dietary supplement segment is anticipated to be the major contributor, driven by an increase in the population seeking alternative health remedies.Middle East & Africa Omega-3 Market Report:
The Omega-3 market in the Middle East and Africa is set to rise from USD 1.28 billion in 2023 to USD 2.70 billion by 2033. The increasing health awareness and rising prevalence of chronic diseases in this region have been key factors in driving growth. The consumption of Omega-3 supplements is steadily increasing as more consumers realize the health benefits associated with dietary inclusions.Request a custom research report for industry.
Omega-3 Market Analysis By Source
Global Omega-3 Market, By Source Market Analysis (2023 - 2033)
In 2023, Fish Oil dominates the Omega-3 market with a size of USD 8.00 billion, maintaining a 65.06% share. Algae Oil comes next at USD 3.43 billion with a 27.90% share. Flaxseed Oil, though smaller, contributes USD 0.87 billion, representing a 7.04% market share. By 2033, both Fish Oil and Algae Oil are expected to double in size, while Flaxseed Oil is projected to grow modestly.
Omega-3 Market Analysis By Product Type
Global Omega-3 Market, By Product Type Market Analysis (2023 - 2033)
Dietary Supplements lead the Omega-3 market with a size of USD 6.48 billion and a share of 52.68% in 2023. The Pharmaceuticals segment contributes USD 2.80 billion with a 22.8% share, followed by Food and Beverages at USD 1.76 billion (14.34%) and Animal Feed at USD 1.25 billion (10.18%). The market will likely shift with Dietary Supplements reaching USD 13.64 billion and Pharmaceuticals USD 5.90 billion by 2033.
Omega-3 Market Analysis By Application
Global Omega-3 Market, By Application Market Analysis (2023 - 2033)
The application of Omega-3 in EPA & DHA formulations accounts for a significant share, with a market size of USD 8.00 billion in 2023, expected to reach USD 16.85 billion by 2033. Alpha-Linolenic Acid (ALA) is another critical application, currently sized at USD 3.43 billion with projections pointing to a value of USD 7.22 billion in the same timeframe.
Omega-3 Market Analysis By Form
Global Omega-3 Market, By Form Market Analysis (2023 - 2033)
Liquid formats dominate the Omega-3 market with a size of USD 8.00 billion in 2023, expected to grow to USD 16.85 billion by 2033, while capsules are projected to grow from USD 3.43 billion to USD 7.22 billion. Powder forms are also witnessing growth, expected to reach USD 1.82 billion from USD 0.87 billion over the forecast period.
Omega-3 Market Analysis By Distribution Channel
Global Omega-3 Market, By Distribution Channel Market Analysis (2023 - 2033)
Online channels accounted for USD 9.89 billion in 2023, commanding a share of 80.42%. This segment is poised to grow against offline sales, which stood at USD 2.41 billion (19.58%) but are expected to maintain steady growth primarily through increased e-commerce activity.
Omega-3 Market Trends and Future Forecast
Request a custom research report for industry.
Global Market Leaders and Top Companies in Omega-3 Industry
DSM Nutritional Products:
A leader in the production of omega-3 fatty acids, DSM provides health and nutritional products with innovative solutions to meet consumer needs.BASF SE:
A global leader in various chemical sectors, BASF focuses on advanced nutritional solutions, including omega-3 products for health enhancement.Omega Protein Corporation:
Specializing in fish oil production, Omega Protein Corporation is a significant player in the Omega-3 market, supplying high-quality products for nutritional and industrial applications.Lipogen Ltd.:
Lipogen provides a range of omega-3 products targeting specific health needs, leveraging scientific research to deliver effective solutions.Nutraceutical Corporation:
Known for its wide array of dietary supplements, Nutraceutical Corporation offers omega-3 products that are essential for various health and wellness applications.We're grateful to work with incredible clients.
