Omega 3 Ingredients Market, By Type (ALA, DHA, EPA), By Source (Nuts and Seeds, Vegetable Oils, Marine, Soya), By Application (Infant Formula, Supplements & Functional Foods, Animal Feed, Pharmaceuticals, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) -

Published In : Feb 2023

Code : CMI370

Pages :270

Formats :

Excel and PDF

Industry : Food Ingredients

Omega 3 Ingredients MarketSize and Trends

Omega 3 ingredients are naturally occurring polyunsaturated fatty acids and nutrients that are imperative for optimal human health. There are three types of omega 3 ingredients, namely, alpha-linoleic acid (ALA), eicosapentaenoic acid (EPA), and docosahexaenoic acid (DHA). EPA and DHA are primarily extracted from fish and ALA is primarily extracted from plants sources such as seeds and nuts.

The global omega 3 ingredients market was valued at US$ 2.5 Bn in 2022 and is expected to expand at a CAGR of 10.5% in terms of revenue during 2023 – 2030.

Market Trends

Immense Growth in Concentrated Forms of Algal Omega-3 Ingredients

New ultra-high concentrated omega-3 ingredients offer numerous benefits to consumers willing to pay a higher premium price for high-end products. Suppliers are investing in producing highly concentrated algal omega-3 products and counting on increased demand to drive their sales. The market for concentrates has also been booming, as more consumers have been becoming familiar with the benefits of algal omega-3 and have been looking for the benefits of higher doses. Considering the existing opportunities in the market studied, major companies involved in the manufacturing of omega-3 have also started making strategic efforts to capitalize on the existing business expansion opportunity. For instance, in June 2021, Polaris launched Omega vie DHA 800 algae oil, which is sourced from microalgae that are rich in vitamins, proteins, pigments, and enzymes. Omega vie DHA 800 is unique because of its high potency, offering a minimum of 800 mg/g of DHA.