The Omega-3 Fatty Acid Market is being driven by Growing awareness of health benefits
The Omega-3 Fatty Acid Market is expected to grow at a CAGR of 5.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 908.4 million. The global omega-3 fatty acid market is experiencing significant growth, with an increasing number of businesses introducing new, high-quality, and sustainable omega-3 supplements in response to surging consumer demand. On October 23, 2024, dsm-firmenich expanded its LIFES portfolio with the launch of LIFESDHA B54-0100, a highly potent DHA algal oil. This innovative ingredient delivers 545 mg of DHA and 80 mg of EPA per gram, totaling 620 mg of omega-3s per serving. Designed to cater to the growing demand for plant-based supplements, LIFESDHA B54-0100 enables the production of smaller, cost-effective capsules and new supplement formats such as gummies and chews, which are free from fishy odors. This development underscores the industry's commitment to providing consumers with effective and sustainable omega-3 solutions.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Source (Concentrates, Fish oil, Algae oil, Others) Application (Dietary supplements, Functional food, Infant formulae, Pharmaceuticals, Animal feed) Geography (North America, Asia, Europe, Rest of World (ROW)).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Omega-3 Fatty Acid Market Research Report
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The Omega-3 market encompasses various sources of Omega-3 fatty acids, including krill oil and fish oil alternatives, that offer health benefits for brain and heart health. ALA (Alpha-Linolenic Acid), found in flaxseed, walnuts, and algae, is another non-fish source. Omega-3s aid in reducing blood pressure and cholesterol levels, combating chronic diseases. Dietary supplements and functional foods provide enhanced bioavailability. Innovative ingredients like monounsaturated fatty acids and plant-based sources offer solutions amidst supply chain disruptions. Boosting health and immunity, Omega-3s counteract sedentary lifestyles and cardiovascular disease.
The Omega-3 fatty acid market is a significant segment within the larger global pharmaceuticals industry. This sector encompasses entities involved in research and development (R&D) or production of various types of drugs, including generics, non-generics, and veterinary medicines. According to Technavio, the healthcare market size is determined by the consolidated revenue generated by providers of medical equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services. The expansion of the global pharmaceuticals market will be fueled by several factors, chief among them being the increasing elderly population. By 2050, approximately one-quarter of the US population and Europe's population ratio is projected to be aged 60 years and above. This demographic shift will drive demand for Omega-3 fatty acid-based products, such as krill oil and fish oil alternatives, due to their proven health benefits for brain and heart health, as well as their potential role in managing chronic diseases, including high blood pressure and cholesterol.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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