OMEGA-3 PRODUCTS MARKET ANALYSIS

Omega-3 Products MarketSize and Trends

The global omega-3 products market size was valued at USD 44,149.6 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 7.59% from 2023 to 2030. Growing consumption of omega-3 based product due to its various health benefits is expected to fuel market growth. Research shows that fish oil and other omega-3 fatty acids may help reduce the risk of coronary heart disease by lowering LDL (bad) cholesterol levels, and triglycerides. Moreover, omega-3 fatty acids have been shown to support a healthy mood, sleep pattern, and stress response. Additionally, increasing focus of key players on introducing omega-3 based functional food and beverages is further expected to propel market growth.

Global Omega-3 Products Market: Key Developments

In October 2021, Nestle announced its plans to add plant-based eggs and shrimp to the menu to tap into vegan growth. The egg substitute, branded Garden Gourmet vEGGie in Europe, contains soy protein and omega-3 fatty acids. It could be scrambled or used in a frittata or as an ingredient in cakes and cookies.

Global Omega-3 Products Market Trends:

Omega 3 infused beverages gaining immense popularity worldwide

Due to growing health and wellness trend omega-infused beverages are gaining high demand among health conscious consumers. For instance, in May 2020, Coca-Cola launched the brand Gomega, under which it offers new omega-3 superfusion drinks in three flavors, namely Berry Acai, Strawberry Guava, and Mango Passionfruit. All three varieties contain 32mg of DHA omega-3s, 25 calories, and no more than 2 g of sugar. Gomega is gluten-free, soy-free, vegan, kosher, and made with plant-based sweeteners and 100% natural flavors.