Omega-3 Products Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 47.77 Billion |
| Market Size (2029) | USD 68.86 Billion |
| CAGR (2024 - 2029) | 7.59 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia-Pacific |
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 Products Market Analysis
The Omega-3 Products Market size is estimated at USD 47.77 billion in 2024, and is expected to reach USD 68.86 billion by 2029, growing at a CAGR of 7.59% during the forecast period (2024-2029).
Omega-3 is known to have many health benefits. Consequently, the COVID-19 pandemic created opportunities for manufacturers of health-oriented products, especially dietary supplements containing omega-3. Due to this, consumers are recently more inclined towards consuming nutritional supplements daily to prevent themselves from severe respiratory syndrome like coronavirus. It is leading to a massive increase in the demand for omega 3 supplements, boosting the omega 3 product market.
Recently, deaths from cardiovascular disease witnessed to increase around the globe, which tends to boost the omega-3 product market. Western Sub-Saharan Africa and South Asia saw a rise in cardiovascular disease. Omega-3 fatty acids found in supplements and naturally in foods such as certain fish, nuts, and seeds, have long been touted for health benefits, especially heart health. However, increasing chronic diseases like heart disease, arthritis, strokes, and cancer are predicted to accelerate the demand for omega-3 products over the globe. As per the World Health Organization (WHO), more than 14 million people aged 30 and 70 die yearly from eminent chronic diseases.
Further, the rising application of omega-3 fatty acids in pet food and pharmaceuticals is highly boosting the market owing to the increasing public initiatives syndicated with health and fitness, which further aid the market. The growing awareness among consumers about omega-3 health benefits is driving the demand for innovation among the market players to sustain. However, the technology delivers odorous oils in a micro-emulsified formulation designed to increase surface absorption. The OmegaZero® Technology helps the odoriferous oil get emulsified in the gut instead of forming a layer on the gastric juice, thus, significantly reducing the oil contact surface with air.
Omega-3 Products Market Trends
This section covers the major market trends shaping the Omega-3 Products Market according to our research experts:
Health Benefits Associated With Omega-3 Consumption
Omega-3 fatty acids, particularly EPA and DHA, are essential in the human diet for proper growth, development, and good health. They are suitable for heart health, joint and inflammation support, eye health, cognitive function, pregnancy and child development, and immune function. It is known that omega-3 reduces cardiovascular disease risk. Recently, deaths from cardiovascular disease witnessed an increase globally. Western Sub-Saharan Africa and South Asia saw a rise in cardiovascular disease. According to the United Nations Population Fund (India), the number of cases of heart disease in senior citizens across India in 2050 is expected to be 19.1 million. Countries such as India and China, where chances of heart disease cases are increasing, create demand for heart health products, which supports the omega-3 products market.
Omega-3 fatty acids also help ward off many eye diseases and help treat dry eye syndrome. Studies show that consuming omega-3 fatty acids, whether in foods or supplements, may help reduce your risk of developing macular degeneration and glaucoma. Therefore, the benefits of omega-3 in various aspects of human health are expected to drive its demand in the market.
Asia-Pacific Dominates the Global Omega-3 Products Market
The shift in consumer preference toward a healthy diet comprising omega-3 ingredients and the use of fish oil in Asia-Pacific is expected to boost sales. China is the third-largest market for EPA and DHA oils in the world. Consumers in China primarily obtain their omega-3s from fish, supplements, and fortified foods. Omega-3 sourced from fish oil dominates the dietary supplements sector, while algal DHA oil leads in the fortified food and beverage industry. Cooking oil, eggs, and health drinks are popular fortified omega-3 products in the Indian market. Over the years, consumer demand increased, and several major companies have started selling omega-3 supplements and other products on e-commerce websites.
Additionally, the shift among pet owners to take extra care in choosing pet products positively affected omega-3-based pet foods. Many manufacturers are providing pet foods containing essential nutrients like Eukanuba. Proactive Health for Small Breeds is an easily digestible protein-rich food containing omega-3 for healthy skin and a radiant coat. It is widely available in the Japanese market. Thus, the growing demand for omega-3 in various regional products is propelling its demand in the regional market.
Omega-3 Products Industry Overview
The omega-3 products market is moderately consolidated with various primary and local players. Some key players in the market are Reckitt Benckiser Group PLC, Sanofi SA, Unilever PLC, Amway Corp., Nestle SA, and several small-scale private-labeled local manufacturers. Most of the companies operating at the regional level are private companies. Thus, their market prominence is less than the other prominent players in the market studied. Most of the major players in the omega-3 product industry are focusing on Research Development for the latest product innovation, merger, and acquisition, which is expected during the forecast period. Advanced distribution networks and manufacturing expertise give an upper edge to the manufacturers to expand their range of products.
Omega-3 Products Market Leaders
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Sanofi S.A.
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Unilever
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Reckitt Benckiser Group plc
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Amway Corp.
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Nestlé SA
*Disclaimer: Major Players sorted in no particular order
Omega-3 Products Market News
- November 2022: A DHA Starter Kit and an algal omega-3 supplement have been introduced by Orlo Nutrition to support the systems of the brain, heart, joints, and body.
- October 2021: Nordic Naturals entered the beauty category with new skin health supplements. Gamma linolenic acid (GLA) from borage seed oil and highly concentrated EPA+DHA from fish oil are combined in Nordic Beauty Omega-3 + Borage Oil to support good skin and overall wellness.
- July 2021: Coromega, a Quadra Ingredients company, announced the launch of its first Omega-3 liquid squeeze supplement for dogs, Coromega Pup Packets®. Each Pup Packet include fully thirty times the omega-3 as a typical pet chew.
Omega-3 Products Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Bargaining Power of Suppliers
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Threat of New Entrants
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Product Type
- 5.1.1 Functional Food
- 5.1.2 Dietary Supplements
- 5.1.3 Infant Nutrition
- 5.1.4 Pet Food and Feed
- 5.1.5 Other Product Types
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5.2 By Distribution Channel
- 5.2.1 Supermarkets/ Hypermarkets
- 5.2.2 Pharmacies and Drug Stores
- 5.2.3 Online Retailers
- 5.2.4 Other Distribution Channels
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5.3 By Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 Spain
- 5.3.2.2 United Kingdom
- 5.3.2.3 Germany
- 5.3.2.4 France
- 5.3.2.5 Italy
- 5.3.2.6 Russia
- 5.3.2.7 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 South Africa
- 5.3.5.2 Saudi Arabia
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Market Share Analysis
- 6.2 Most Adopted Strategies
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6.3 Company Profiles
- 6.3.1 Nestle SA
- 6.3.2 Unilever
- 6.3.3 Amway Corp.
- 6.3.4 Sanofi SA
- 6.3.5 Herbalife Limited
- 6.3.6 Quadra Chemicals Inc.
- 6.3.7 Reckitt Benckiser Group PLC
- 6.3.8 Blackmores Limited
- 6.3.9 Natures Crops International
- 6.3.10 Cooke Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Omega-3 Products Industry Segmentation
Omega-3s (short for omega-3 fatty acids) are a nutrient found in foods and the human body, such as fish and flaxseed. The global omega-3 products market offers a range of products, including functional food, dietary supplements, infant nutrition, pet food and feed, and others. The market mainly relies on supermarkets/hypermarkets, pharmacies and drug stores, online retailers, and other sales points for distributing products. The study also covers the market scenario at the global level, covering regions - North America, Europe, Asia-Pacific, South America, Middle-East, and Africa. For each segment, the market sizing and forecasts have been done based on value (in USD million).
| By Product Type | Functional Food | |
| Dietary Supplements | ||
| Infant Nutrition | ||
| Pet Food and Feed | ||
| Other Product Types | ||
| By Distribution Channel | Supermarkets/ Hypermarkets | |
| Pharmacies and Drug Stores | ||
| Online Retailers | ||
| Other Distribution Channels | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| By Geography | Europe | Spain |
| United Kingdom | ||
| Germany | ||
| France | ||
| Italy | ||
| Russia | ||
| Rest of Europe | ||
| By Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| By Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| By Geography | Middle-East and Africa | South Africa |
| Saudi Arabia | ||
| Rest of Middle-East and Africa |
Omega-3 Products Market Research FAQs
How big is the Omega-3 Products Market?
The Omega-3 Products Market size is expected to reach USD 47.77 billion in 2024 and grow at a CAGR of 7.59% to reach USD 68.86 billion by 2029.
What is the current Omega-3 Products Market size?
In 2024, the Omega-3 Products Market size is expected to reach USD 47.77 billion.
Who are the key players in Omega-3 Products Market?
Sanofi S.A., Unilever, Reckitt Benckiser Group plc, Amway Corp. and Nestlé SA are the major companies operating in the Omega-3 Products Market.
Which is the fastest growing region in Omega-3 Products Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Omega-3 Products Market?
In 2024, the Asia-Pacific accounts for the largest market share in Omega-3 Products Market.
What years does this Omega-3 Products Market cover, and what was the market size in 2023?
In 2023, the Omega-3 Products Market size was estimated at USD 44.40 billion. The report covers the Omega-3 Products Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Omega-3 Products Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the key challenges faced by the Omega-3 Products Industry?
The key challenges faced by the Omega-3 Products Industry are a) Competition b) Price fluctuations c) Consumer knowledge gaps
What is the impact of consumer preferences on the Omega-3 Market?
The impact of consumer preferences on the Omega-3 Market are a) Growing demand for organic, plant-based options b) Increasing popularity of convenient dosage forms
Omega-3 Products Industry Report
The omega 3 product industry is witnessing remarkable growth, fueled by heightened awareness of omega-3 fatty acids' health benefits, including enhanced heart and brain function, and overall well-being. This growth is propelled by the increasing prevalence of chronic diseases and a shift towards nutritional diets, with a keen interest in sustainable and alternative omega-3 sources like flaxseed and algae. The market is diversifying across dietary supplements, functional foods, pharmaceuticals, and infant formulas, reflecting a broad consumer base and varied applications. Manufacturers are innovating to meet consumer demands, focusing on products that address specific health concerns such as cardiovascular and cognitive health. The industry's expansion is also supported by strategic marketing efforts. According to Mordor Intelligence™ Industry Reports, the Omega-3 Products market is experiencing a surge in share, size, and revenue, with detailed analysis and forecasts available in their comprehensive report, offering a free PDF sample for a deeper insight into the industry's dynamics and future outlook.
