Press Release / Business / Omega3 PUFA Market Share | Uses, Price, Growth, Key Players, Development Strategy, Sales Revenue and Forecast 2023

Omega3 PUFA Market Share | Uses, Price, Growth, Key Players, Development Strategy, Sales Revenue and Forecast 2023

The Global Omega-3 PUFA Market is expected to register a CAGR of 11.01% to reach USD 8,418.0 Million by 2025. Omega-3 long-chain polyunsaturated fatty acids (PUFA), including eicosatetraenoic acid (EPA) and docosahexaenoic acid (DHA), are dietary lipids that offer an array of health benefits. Omega-3 PUFA play a crucial role in anti-inflammatory processes in the cell membrane, thereby improving immunity in response to an infection in the human body.
Segmentation
The dietary supplements segment is expected to expand at a substantial CAGR and reach USD 2,846.4 million by the end of 2025. Omega-3 PUFA are extensively used in dietary supplements. Consumption of these supplements is projected to rise in the next few years which will boost the application of omega-3 PUFA in dietary supplements. However, the increasing demand for nutrition-rich infant formula is projected to boost the sales of omega-3 PUFA in infant formula and the segment is expected to be the fastest-growing during the forecast period.
Market Dynamics
Omega-3 PUFA Industry is expected to grow at a substantial rate during the forecast period. Omega-3 PUFA offers various benefits for human health for which its application in industries is increasing. Over the years, the healthcare industry has been shifting from a focus on curative healthcare to preventive healthcare. This trend has had a significant impact on the demand for functional foods & beverages, dietary supplements, and nutraceuticals which is driving the growth of the global omega-3 PUFA market. Moreover, omega-3 PUFA finds application in various products in the personal care industry owing to their skin-benefiting properties. However, these products are expensive due to the high raw material costs and complex extraction process which acts as a restraint for market growth.
Regional Analysis
North America is expected to constitute the largest share of the global omega-3 PUFA market during the forecast period. The region accounted for a 31.11% share of the global market in 2018. The US is a major contributor to the growth of the North American omega-3 PUFA market. Growing health consciousness among consumers and increasing awareness regarding the benefits of omega-3 are key factors driving the growth of the market.  However, the market in Asia-Pacific is projected to exhibit the highest CAGR during the forecast period. The demand for omega-3 in infant formula in the region has grown in the last few years and is expected to continue during the forecast period. Europe accounted for a significant share of the market in 2018. Consumers in the region are health conscious and prefer high nutritional products which boost the consumption of omega-3 PUFA in this region.
Key Players
The prominent players operating in the Global Omega-3 PUFA Market include Cargill, Incorporated (US), BASF SE (Germany), Pharma Marine AS (Norway), Croda International Plc (UK), Polaris (France), Pelagia AS (Norway), Omega Protein Corporation (US), Arista Industries (US), Koninklijke DSM N.V. (Netherlands), and Arjuna Natural Pvt Ltd (India).
The players operating in the global omega-3 PUFA market are focusing on strengthening their footprints by entering untapped markets.
Market Segmentation
Global Omega-3 PUFA Market, by Type

Docosahexaenoic Acid (DHA)
Eicosapentaenoic Acid (EPA)
Alpha-Linolenic Acid (ALA)

Global Omega-3 PUFA Market, by Source

Plant SourcesFlaxseed
Marine SourcesFish


Chia Seed
Others


Algae
Krill
Others

Global Omega-3 PUFA Market, by Application

Functional Food & Beverages
Dietary Supplements
Infant Formula
Pharmaceuticals & Nutraceuticals
Others

Global Omega-3 PUFA Market, by Region

North America


US
Canada
Mexico


Europe


Germany
UK
France
Spain
Italy
Rest of Europe


Asia-Pacific


China
India
Japan
Australia & New Zealand
Rest of Asia-Pacific


Rest of the World (RoW)


South America
Middle East
Africa

Available Additional Customizations

Company Profiles of Regional Key Players
Country-Level Analysis

Intended Audience

Omega-3 PUFA manufacturers
Food & beverages manufacturers
Infant formula manufacturers
Personal care industry
Traders, wholesalers, and distributors
Governments, associations, and industrial bodies
Investors and trade experts