The Omega-3 Fatty Acid market share has been steadily growing over the years, driven by increasing consumer awareness about the numerous health benefits associated with these essential fatty acids. Omega-3s are known for their anti-inflammatory properties, cardiovascular health benefits, and cognitive function support.

The market is primarily dominated by fish oil-based Omega-3 supplements, which have been widely available for many years. However, with the rise in vegan and vegetarian lifestyles, there has been a surge in demand for plant-based alternatives such as algae-derived Omega-3 supplements.

In recent times, the market has witnessed a shift towards more sustainable and eco-friendly sources of Omega-3s. This has led to the emergence of innovative products like krill oil supplements, which are derived from tiny shrimp-like crustaceans found in the Antarctic Ocean. Krill oil is considered a more sustainable option compared to traditional fish oil as it is sourced from a rapidly renewable marine resource.

Another factor driving the growth of the Omega-3 Fatty Acids market is the increasing awareness among consumers about the numerous health benefits associated with Omega-3s, such as improved heart health and brain function.

The Omega 3 supplements market was valued USD 6.60 billion in 2022 and is estimated to reach USD 12.96 billion by 2030. From 2023 to 2030 & grow at a CAGR of 8.8%.

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KEY MARKET SEGMENTATION:

By Source

  • Marine
  • Vegetable oils
  • Soya and Soya Products
  • Nuts and Seeds

By Type

  • ALA (alpha-linolenic acid)
  • EPA (eicosapentaenoic acid)
  • DHA (docosahexaenoic acid)

By Application

  • Dietary Supplement
  • Food & Beverage
  • Fish Feed
  • Pharmaceutical
  • Infant Formula
  • Pet Food

Some of the major key players are as follows: Orkla Health, BASF SE, Aker Biomarine Antarctic AS, EPAX, BioProcess Algae, LLC, Lonza, Croda International Plc, Omega Protein Corp., Koninklijke DSM N.V., GC Reiber Oils and Other Players.

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