Market Size of Omega-3 Products Industry
| 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 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 | |||||||||
| |||||||||
| |||||||||
| |||||||||
| |||||||||
|
Omega-3 Products Market Size Summary
The omega-3 products market is experiencing significant growth, driven by increasing consumer awareness of the health benefits associated with omega-3 fatty acids. These benefits include support for heart health, joint and inflammation relief, eye health, cognitive function, and immune system enhancement. The COVID-19 pandemic has further accelerated demand, as consumers seek dietary supplements to bolster their health and prevent chronic diseases. The rise in cardiovascular diseases, particularly in regions like Western Sub-Saharan Africa and South Asia, has also contributed to the market's expansion. Omega-3 fatty acids, found in supplements and naturally in foods such as fish, nuts, and seeds, are gaining traction as a preventive measure against these health issues.
The market is also witnessing a shift in consumer preferences towards healthier diets incorporating omega-3 ingredients, with significant demand in the Asia-Pacific region. Countries like China and India are seeing increased consumption of omega-3s through fish oil, supplements, and fortified foods. Additionally, the pet food industry is embracing omega-3 enrichment, reflecting a broader trend of health-conscious choices among pet owners. The market is moderately consolidated, with key players like Reckitt Benckiser Group, Sanofi SA, Unilever, Amway Corp., and Nestle SA leading the charge. These companies are focusing on research and development, product innovation, and strategic mergers and acquisitions to maintain their competitive edge and expand their product offerings.
Omega-3 Products 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 Bargaining Power of Suppliers
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Threat of New Entrants
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Product Type
-
2.1.1 Functional Food
-
2.1.2 Dietary Supplements
-
2.1.3 Infant Nutrition
-
2.1.4 Pet Food and Feed
-
2.1.5 Other Product Types
-
-
2.2 By Distribution Channel
-
2.2.1 Supermarkets/ Hypermarkets
-
2.2.2 Pharmacies and Drug Stores
-
2.2.3 Online Retailers
-
2.2.4 Other Distribution Channels
-
-
2.3 By 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 Spain
-
2.3.2.2 United Kingdom
-
2.3.2.3 Germany
-
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 South Africa
-
2.3.5.2 Saudi Arabia
-
2.3.5.3 Rest of Middle-East and Africa
-
-
-
Omega-3 Products Market Size 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.
