Omega 3 PUFA Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The Omega-3 PUFA market is expected to reach USD 42.031 billion by 2023, growing at a CAGR of 3.16% from 2024 to 2032. This growth is driven by the increasing awareness of the health benefits associated with the consumption of these essential nutrients, such as improved heart health, enhanced cognition and anti-inflammatory properties. The market is set to expand steadily as dietary preferences shift towards more healthy options. This trend is supported by a number of factors, including technological advances in the extraction and processing of Omega-3 PUFAs. Furthermore, the rising prevalence of chronic diseases and an ageing population are expected to drive the demand for Omega-3 PUFAs in dietary supplements. Several market players, such as DSM, BASF SE and Omega Protein, are actively investing in strategic initiatives such as product innovation and acquisitions in order to increase their market share. Recent product launches, for example, have aimed to address changing consumer preferences and dietary trends, such as the development of plant-based Omega-3 PUFAs and Omega-3 enriched foods.

Regional Market Size

Regional Deep Dive

The omega-3 PUFA market is growing rapidly in many countries, driven by the growing awareness of the health benefits of omega-3 fatty acids, such as the heart and brain. In North America, there is a strong demand for dietary supplements and food supplements containing omega-3, while in Europe there is a growing demand for plant-based omega-3 sources. The Asian-Pacific region is experiencing a boom in the consumption of omega-3, driven by increasing incomes and changing diets. In the Middle East and Africa, the adoption of omega-3 products is gradually increasing, influenced by health trends and government support. Latin America is also becoming a major player in the market, focusing on sustainable sourcing and innovative product formulations.

Europe

• The European Food Safety Authority (EFSA) has set specific health claims for omega-3 fatty acids, which has encouraged manufacturers to enhance product transparency and quality, benefiting brands like Unilever and Nestlé.
• There is a notable shift towards plant-based omega-3 sources, with companies like Algama Foods and DSM focusing on algae-derived omega-3 products to cater to the growing vegan and vegetarian market.

Asia Pacific

• The rising prevalence of lifestyle diseases in countries like China and India is driving demand for omega-3 supplements, with local companies such as Herbalife and Amway expanding their product lines to include omega-3 offerings.
• Government initiatives promoting health and wellness, such as the 'Healthy China 2030' plan, are encouraging the incorporation of omega-3s into dietary guidelines, thus boosting market growth.

Latin America

• The Latin American market is seeing a rise in omega-3 fortified food products, with companies like Bunge and Cargill focusing on sustainable sourcing of fish oil to meet consumer demand for eco-friendly options.
• Health awareness campaigns led by local governments and NGOs are promoting the benefits of omega-3s, which is expected to drive consumer interest and increase product availability in the region.

North America

• The FDA has recognized omega-3 fatty acids as beneficial for heart health, leading to increased product labeling and marketing opportunities for companies like Omega Protein Corporation and DSM Nutritional Products.
• Recent innovations in microencapsulation technology are allowing for improved stability and bioavailability of omega-3 supplements, with companies like BASF and Croda International investing in research and development.

Middle East And Africa

• The Gulf Cooperation Council (GCC) countries are witnessing increased investments in health and wellness, with local firms like Al Ain Food and Beverages introducing omega-3 fortified products to meet consumer demand.
• Regulatory bodies in the region are beginning to recognize the health benefits of omega-3s, leading to more favorable policies for dietary supplements, which is expected to enhance market accessibility.

Did You Know?

“Did you know that omega-3 fatty acids are not produced by the human body and must be obtained through diet or supplements? This makes them essential for maintaining overall health.” — National Institutes of Health (NIH)

Segmental Market Size

The omega-3 PUFA market is experiencing rapid growth, driven by the increasing consumer awareness of the benefits of omega-3 fatty acids, particularly in the area of heart health and mental performance. Rising rates of chronic diseases and a growing trend towards preventive medicine are also driving demand for dietary supplements and foods rich in omega-3 fatty acids. Also, the regulatory support for health claims related to the consumption of omega-3 fatty acids, especially in North America and Europe, is a key driver of the market. Consequently, the market for omega-3 PUFA products is already in a mature stage of development, with companies like DSM and BASF leading the way in terms of innovation and product development. There are three main categories of products: dietary supplements, fortified foods and pharmaceuticals. Among the best-known products are fish oil capsules and milk enriched with omega-3 fatty acids. But trends such as the increasing focus on sustainability and plant-based alternatives are driving the market even further, as can be seen in the growth of the algal oil products. The development of new extraction and microencapsulation techniques is also shaping the evolution of the market. The improved stability and bioavailability of these products will also help to maintain the growth of the market.

Future Outlook

From 2023 to 2032, the omega-3 PUFA market is expected to grow steadily, with a CAGR of 3.52%, from US$42 billion to US$57 billion. The market is expected to be driven by rising consumer awareness of the health benefits of omega-3 PUFAs, especially on heart health, mental function and inflammation. The consumption of omega-3 PUFAs is expected to rise significantly, and the penetration rate of omega-3 PUFAs is expected to reach about 30 percent of the developed country's adult population by 2032, up from 20 percent in 2023. The market is also expected to be driven by the development of new extraction methods and the development of plant-based omega-3 PUFAs. Also, the government's support for omega-3 PUFAs and health claims will further promote the market. The trend of personalized nutrition and the trend of integrating omega-3 PUFAs into common foods will also play an important role in the market. The market for omega-3 PUFAs will grow steadily in the coming years.