Market Size of Omega 3-PUFA Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
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 PUFA Market Analysis
The global omega-3 PUFA market is growing at a CAGR of 8.2% during the forecast period (2022-2027).
COVID-19 had a significant effect on the omega-3 PUFA market. The buying pattern of consumers changed during the pandemic. This was because of the consumer's interest in healthy, nutritious food raised. The products that contain omega-3 PUFA were found in the top preference of the consumers because consumption of such products helps in improvising health physically and mentally. For instance, Archer Daniels Midland Company, which is one of the key players in this industry, has estimated a growth of 76% in the first quarter of fiscal 2021.
The market growth is fueled by factors such as rising consumer awareness of the health benefits associated with omega-3 PUFA. The sector is also gaining importance and becoming a part of the consumer's daily diet owing to the increased prevalence of people taking preventive healthcare measures.
The rising application of omega-3 PUFA in industrial sectors is eventually driving the growth of this market globally. As the consumers are getting aware of their health, therefore, the majority of consumers prefer the omega-3 contained product as their base need supplement.
Omega-3 PUFA Industry Segmentation
The global omega-3 PUFA market has been segmented by source into plant and marine sources; and by type into Docosahexaenoic acid (DHA), Eicosapentaenoic acid (EPA), Alpha-Linolenic Acid (ALA), and others. By concentration, the market is segmented into high concentration, medium concentration, and low concentration; and by application into food and beverage, dietary supplements, pharmaceuticals, and animal feed. The market is also segmented by geography into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report offers market size and forecasts for the organic food and beverages market in value (USD million) for all the above segments.
| By Source | |
| Plant | |
| Marine |
| By Type | |
| Docosahexanoic acid (DHA) | |
| Eicosapentanoic acid (EPA) | |
| Alpha-Linolenic Acid (ALA) | |
| Others |
| By Concentration | |
| High Concentrated | |
| Medium Concentrated | |
| Low Concentrated |
| By Application | ||||
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| Dietary Supplements | ||||
| Pharmaceuticals | ||||
| Animal Nutrition |
| Geography | |||||||||
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Omega 3-PUFA Market Size Summary
The omega-3 PUFA market is experiencing significant growth, driven by increasing consumer awareness of its health benefits and a shift towards preventive healthcare measures. The COVID-19 pandemic has further accelerated this trend, as consumers have shown a heightened interest in nutritious foods, with omega-3 PUFA products becoming a top preference. This market expansion is supported by the rising demand for Eicosapentaenoic acid (EPA), known for its cardiovascular benefits, which is increasingly incorporated into daily diets. The market's growth is also bolstered by its applications in various industrial sectors, making omega-3 PUFA a staple in many consumers' health regimens.
Regionally, the Asia-Pacific stands out as the fastest-growing market, with China and Japan leading the charge. Factors such as a robust manufacturing base, a growing middle class, and heightened health awareness are propelling the demand for omega-3 PUFA, particularly EPA and DHA, in these countries. The Chinese market, in particular, is witnessing a surge in demand for DHA-based ingredients in infant nutritional formulae, driven by demographic changes and increased discretionary spending. The competitive landscape of the omega-3 PUFA market is characterized by the presence of numerous domestic and international players, with key companies focusing on product innovation and strategic partnerships to meet diverse consumer needs and expand their market presence.
Omega 3-PUFA Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Source
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2.1.1 Plant
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2.1.2 Marine
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2.2 By Type
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2.2.1 Docosahexanoic acid (DHA)
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2.2.2 Eicosapentanoic acid (EPA)
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2.2.3 Alpha-Linolenic Acid (ALA)
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2.2.4 Others
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2.3 By Concentration
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2.3.1 High Concentrated
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2.3.2 Medium Concentrated
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2.3.3 Low Concentrated
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2.4 By Application
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2.4.1 Food and Beverages
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2.4.1.1 Functional Foods & Beverages
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2.4.1.2 Infant Formula
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2.4.2 Dietary Supplements
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2.4.3 Pharmaceuticals
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2.4.4 Animal Nutrition
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2.5 Geography
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2.5.1 North America
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2.5.1.1 United States
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2.5.1.2 Canada
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2.5.1.3 Mexico
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2.5.1.4 Rest of North America
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2.5.2 Europe
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2.5.2.1 Spain
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2.5.2.2 United Kingdom
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2.5.2.3 Germany
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2.5.2.4 France
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2.5.2.5 Italy
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2.5.2.6 Russia
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2.5.2.7 Rest of Europe
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2.5.3 Asia-Pacific
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2.5.3.1 China
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2.5.3.2 Japan
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2.5.3.3 India
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2.5.3.4 Australia
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2.5.3.5 Rest of Asia-Pacific
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2.5.4 South America
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2.5.4.1 Brazil
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2.5.4.2 Argentina
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2.5.4.3 Rest of South America
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2.5.5 Middle-East and Africa
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2.5.5.1 South Africa
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2.5.5.2 Saudi Arabia
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2.5.5.3 Rest of Middle-East and Africa
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Omega 3-PUFA Market Size FAQs
What is the current Omega 3-PUFA Market size?
The Omega 3-PUFA Market is projected to register a CAGR of 8.20% during the forecast period (2024-2029)
Who are the key players in Omega 3-PUFA Market?
Cargill, Incorporated, BASF SE, Corbion NV, Archer Daniels Midland Company and Croda International Plc are the major companies operating in the Omega 3-PUFA Market.
