OMEGA-3 PRODUCTS MARKET ANALYSIS

Regional Analysis

Global Omega-3 Products Market: Regional Insights

Based on geography, the global omega-3 products market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Regionally, North America is expected to dominate the global omega-3 products market over the forecast period owing to the rise in demand for vegan and plant-based products. In September 2019, Heather Mills has launched a vegan omega-3 supplement named V-mega 3. With this product, the company aims to take advantage of the sustainable aspects of the products. In September 2019, Heather Mills has launched a vegan omega-3 supplement named V-mega 3. With this product, the company aims to take advantage of the sustainable aspects of the products.

In Asia Pacific, the market for omega-3 fatty acids is expected to grow at rapid pace over the next five years. The region is home to many developing economies that are interested in promoting healthy lifestyles. This is why the consumption of omega-3 fatty acids is likely to increase in this region, particularly in China and India. The Chinese omega-3 product market was valued at USD 7,304.29 million in 2020, and it is projected to reach USD 11,924.89 million by 2026, witnessing a CAGR of 8.57 % over the forecast period (2021-2026).

The Indian omega-3 product market was valued at USD 960.54 million in 2020, and it is projected to reach USD 1,775.32 million by 2026, witnessing a CAGR of 10.84% over the forecast period (2021-2026).

Figure 1 . Global Omega-3 Products Market , By Region 2022

The global omega-3 products market report is segmented into product type, distribution channel, source, and geography

Based on product type, the market is segmented into Functional Food, Dietary Supplements, Infant Nutrition, Pet Food and Feed, and Pharmaceutical. Out of which, Functional Food is expected to dominate the global market over the forecast period and this is attributed to the growing popularity of omega-3 fortified food and beverages along with the rising trend of personalized nutrition management. The functional food and beverage segment of the global omega-3 products market was valued at USD 13,479.17 million in 2022. It is projected to reach USD 26,349.82 million by 2030, witnessing a CAGR of 8.74% over the forecast period.