Omega-3 PUFA Market Size, Share - Industry Trends, And Outlook 2023 - 2030.

Global Omega-3 PUFA Market is segmented By Type (ALA (α-Linolenic acid), EPA (Eicosapentaenoic acid), DHA (Docosahexaenoic acid)), By Source (Marine, Plant, Others), By Application (Dietary Supplements, Functional Food & Beverages, Pharmaceuticals, Infant Formula, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030.

Omega-3 PUFA Market Overview

A report by DataM Intelligence estimates the Global Omega-3 PUFA market to grow at a high CAGR  during the forecast period 2023- 2030. The market is expected to grow because it becomes important in different industries like Dietary Supplements, Functional Food & Beverages, Pharmaceuticals, Infant Formula . The competitive rivalry intensifies with Cargill Incorporated, FMC Corporation., Croda International PLC, and others operating in the market.

Omega-3 Polyunsaturated Fatty Acid (PUFA) is a type of healthy fat found in a variety of foods. The market for Omega-3 PUFA is growing because of the various health benefits of Omega-3 fatty acids.

Omega-3 PUFA Market Scope

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Omega-3 PUFA Market Drivers

• The increasing health awareness in consumers and growth in chronic diseases like cardiovascular disease, diabetes, high cholesterol, and cancer are the primary factors that are boosting the demand for Omega-3 PUFA. There is a high prevalence of cardiovascular diseases throughout the world.
• Around 16 million people died in 2016 because of heart disease and heart stroke. Omega-3 fatty acids can play a vital role in the prevention and treatment of cardiovascular diseases. They lower blood pressure, reduce triglycerides and lousy cholesterol, increase good cholesterol, and thus reduce the chance of heart attack and stroke.
• Therefore, the increasing incidents of chronic conditions especially cardiovascular will increase the demand for Omega-3 PUFAs.

Omega-3 PUFA Segmentation Analysis

• The Global Omega-3 PUFA market report segments the market by type, sources, and application. The type segment includes ALA, EPA, and DHA. ALA is obtained from a plant source, and EPA & DHA are derived from marine sources. EPA is the most significant segment in this category.
• The demand for EPA is high because of its broad clinical applications. EPAs have been proven to be useful for heart diseases, diabetes, asthma, cancer, schizophrenia, depression, menstrual problems, lung diseases, and many more. Because of the increase in these chronic diseases, the demand for EPAs is expected to grow manifold in the nearby future.
• Based on the sources, the market consists of Marine Sources and Plant Sources. Marine sources dominate the market in this segment. However, the Plant sources segment is expected to reproduce because of the increasing vegan population and increasing adoption of products that are derived from plants. Many key players are investing in the development of Omega-3 from plant sources to cater to the need of a large vegetarian population.
• Further, the market can be segmented based on the application of Omega-3 PUFAs, which includes Dietary Supplements, Functional food & Beverages, Pharmaceuticals, Infant Formula, and Others.

Omega-3 PUFA Geograpical Growth

• Based on Geography, the market can be segmented as North America, South America, Europe, Asia-Pacific, and the Rest of the World. North America holds the largest market share for Omega-3 PUFA.
• The market for dietary supplements in North America is growing at a fast pace. So, the adoption rate of dietary and nutritional supplements is high.
• It is because of the increasing health awareness and increases in chronic diseases because of the sedentary lifestyle in the region. So, the growth in the dietary supplement market will drive the demand for Omega-3 PUFA in the coming years as well, and North America is expected to hold the maximum market share during the forecast period.
• Asia-Pacific is predicted to be the fastest-growing region during the forecast period owing to the rapid growth in the sectors like Functional Food & Beverages and Dietary supplements.
• Due to the high birth rate and increasing population in the APAC region, the demand for infant nutrition is estimated to grow at a quick pace, which in turn will propel the market for Omega-3 PUFA.

Omega-3 PUFA Company & Competitive Landscape

The Global Omega-3 PUFA market report profiles the following companies-

Cargill, Incorporated, Royal DSM, Omega Protein Corporation, FMC Corporation, Croda International PLC, Polaris, Denemoga, G.C. Rieber, Arista Industries Inc., and Pharma Marine USA LLC.