Omega-3 Products Market, By Product Type (Functional Food, Dietary Supplements, Infant Nutrition, Pet Food and Feed, Pharmaceutical), By Distribution Channel (Grocery Retailers, Pharmacies and Drug Stores, Internet Retailing, Other Distribution Channels), By Source (Plant-based, Animal-based), By Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa)

Published In : Apr 2023

Code : CMI5626

Pages :145

Formats :

Excel and PDF

Industry : Food and Beverages

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.