Market Size of Omega-3 Ingredients Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.26 Billion |
| Market Size (2029) | USD 2.41 Billion |
| CAGR (2024 - 2029) | 13.79 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Omega-3 Ingredients Market Analysis
The Omega-3 Ingredients Market size is estimated at USD 1.26 billion in 2024, and is expected to reach USD 2.41 billion by 2029, growing at a CAGR of 13.79% during the forecast period (2024-2029).
Awareness of the benefits offered by omega-3 in human health has led to the use of fish oils as food supplements. However, the continually decreasing number of marine species, especially anchovy fish, has highlighted the need to explore alternative sources, especially those of microbial origin. Manufacturers are actively using advanced manufacturing technologies. To ensure the best delivery of the beneficial properties of fish oil, manufacturers emphasize the effective removal of environmental pollutants from fish oil, reducing oxidation during the manufacturing process, and increasing the omega-3 concentration in the finished product.
Low-cost algal harvesting options are currently under development. A significant research effort is needed to develop cost-effective algal harvesting techniques. Companies have been focusing on process improvement to improve fermentation conditions and downstream processing. They have been adjusting their manufacturing process to increase the percentage of total omega-3s in the oil from 40% to 50%. The total cost remains high to date. However, attempts to reduce the cost of omega-3 products are expected to drive the market in the future.
Demand for brain health and nutraceutical products for youngsters has been the major driver for Omega 3 ingredients across the world. Though Omega 3 ingredients are not restricted to age, it is highly consumed by working adults to boost metabolic activities and cognitive health. However, one of the most prevalent challenges conventional omega-3 ingredient manufacturers face is offering products with a competitive price range. This is more relevant for the companies that offer omega-3 ingredients from alternative sources, such as krill and algae oils.
Omega-3 Ingredients Industry Segmentation
Omega-3 fatty acids are a form of polyunsaturated fat that the body derives from food. Omega-3 fatty acids are found in foods, such as fish and flaxseed, and dietary supplements, such as fish oil. The scope of the global omega-3 ingredients market includes market segmentation by Type, Application, and Geography. Based on type, the market is segmented under concentrates, algal oil, cod liver oil, krill oil, menhaden oil, refined tuna oil, anchovy oil, and others. Furthermore, based on application, the market is segmented under functional food and beverage, dietary supplements, infant nutrition, pet food and feed, pharmaceutical, and clinical nutrition. Lastly, the report outlines the coverage of all the global regions, including North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. For each segment, the market sizing and forecasts have been done based on value (in USD million).
| Type | |
| Concentrates | |
| Algal Oil | |
| Cod Liver Oil | |
| Krill Oil | |
| Menhaden Oil | |
| Refined Tuna Oil | |
| Anchovy Oil | |
| Others Oil Types |
| Application | |
| Functional Food and Beverage | |
| Dietary Supplements | |
| Infant Nutrition | |
| Pet food and Feed | |
| Pharmaceutical | |
| Clinical Nutrition |
| Geography | |||||||||
| |||||||||
| |||||||||
| |||||||||
| |||||||||
|
Omega-3 Ingredients Market Size Summary
The omega-3 ingredients market is experiencing significant growth, driven by increasing consumer awareness of the health benefits associated with omega-3 fatty acids. This has led to a rising demand for fish oil supplements, although the depletion of marine species like anchovy fish has prompted manufacturers to seek alternative sources, particularly microbial origins. Advanced manufacturing technologies are being employed to enhance the purity and concentration of omega-3 in products, with a focus on reducing environmental pollutants and oxidation. The development of cost-effective algal harvesting techniques is underway, aiming to make algal omega-3 products more affordable and accessible. The market is also witnessing a surge in demand for high-concentration omega-3 products, especially among younger consumers and working adults seeking cognitive and metabolic health benefits.
In North America, the omega-3 ingredients market is predominantly driven by the growing interest in dietary supplements and the prevalence of neurological disorders, which has heightened consumer demand. Major companies like Corbion NV, BASF SE, and Koninklijke DSM N.V. are leading the market, supported by strategic mergers, acquisitions, and investments. The introduction of innovative products, such as Polaris's Omegavie DHA 800 and KD Pharma Group's Alga3, highlights the industry's focus on sustainability and customization to meet diverse consumer needs. The expansion of production facilities and the establishment of new plants, such as AlgaeCytes Limited's in Germany, further underscore the market's growth potential and the increasing importance of omega-3 fatty acids globally.
Omega-3 Ingredients Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porter's Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Type
-
2.1.1 Concentrates
-
2.1.2 Algal Oil
-
2.1.3 Cod Liver Oil
-
2.1.4 Krill Oil
-
2.1.5 Menhaden Oil
-
2.1.6 Refined Tuna Oil
-
2.1.7 Anchovy Oil
-
2.1.8 Others Oil Types
-
-
2.2 Application
-
2.2.1 Functional Food and Beverage
-
2.2.2 Dietary Supplements
-
2.2.3 Infant Nutrition
-
2.2.4 Pet food and Feed
-
2.2.5 Pharmaceutical
-
2.2.6 Clinical Nutrition
-
-
2.3 Geography
-
2.3.1 North America
-
2.3.1.1 United States
-
2.3.1.2 Canada
-
2.3.1.3 Mexico
-
2.3.1.4 Rest of North America
-
-
2.3.2 Europe
-
2.3.2.1 United Kingdom
-
2.3.2.2 Germany
-
2.3.2.3 Spain
-
2.3.2.4 France
-
2.3.2.5 Italy
-
2.3.2.6 Russia
-
2.3.2.7 Rest of Europe
-
-
2.3.3 Asia-Pacific
-
2.3.3.1 China
-
2.3.3.2 Japan
-
2.3.3.3 India
-
2.3.3.4 Australia
-
2.3.3.5 Rest of Asia-Pacific
-
-
2.3.4 South America
-
2.3.4.1 Brazil
-
2.3.4.2 Argentina
-
2.3.4.3 Rest of South America
-
-
2.3.5 Middle-East and Africa
-
2.3.5.1 United Arab Emirates
-
2.3.5.2 South Africa
-
2.3.5.3 Rest of Middle-East and Africa
-
-
-
Omega-3 Ingredients Market Size FAQs
How big is the Omega-3 Ingredients Market?
The Omega-3 Ingredients Market size is expected to reach USD 1.26 billion in 2024 and grow at a CAGR of 13.79% to reach USD 2.41 billion by 2029.
What is the current Omega-3 Ingredients Market size?
In 2024, the Omega-3 Ingredients Market size is expected to reach USD 1.26 billion.
