Omega 3 PUFA Market: Global Industry Analysis and Forecast (2023-2029)

Omega 3 PUFA Market is anticipated to reach US$ 1.96 Bn. by 2029 from US$ 1.50 Bn. in 2022 at a CAGR of 3.89% during a forecast period.

Omega-3 Polyunsaturated Fatty Acids are a kind of polyunsaturated fatty acid that is utilized to strengthen the cardiovascular system. These chemicals can be found in both marine and botanical sources. Omega 3 PUFA is essential for anti-inflammatory activities in the cell membrane, which improves immunity in the face of any illness to the human body. With a 46.3 percent market share, North America led the way, followed by the APAC region. EPA has been the most important constituent type in Omega-3 polyunsaturated fatty acids, accounting for 64.7 percent of the total.To know about the Research Methodology:- Request Free Sample Report
Omega 3 PUFA Market Dynamics:
The market for Omega-3 PUFAs is growing as the frequency of cardiovascular illnesses rises. Unhealthy diets, cigarette use, and physical inactivity are only a few of the key causes of cardiovascular disease, which elevate blood pressure & blood glucose levels, resulting in overweight and obesity. According to the World Health Organization, the number of people dying from heart attacks and strokes is on the rise. As a result, the Omega-3 PUFA Market is expected to grow between 2022 and 2029.

The market for Disposable Negative Pressure Wound Therapy Devices is growing due to the rising prevalence of chronic illnesses. Chronic illnesses are the major cause of death all over the world. Chronic illnesses are thought to be responsible for roughly 29% of all fatalities in the United States, with chronic diseases afflicting 40.5 percent of the population. As a result, the Disposable Negative Pressure Wound Therapy Devices Market is expected to grow between 2022 and 2029.

Higher omega-3 PUFA prices and more competition are some of the factors that are expected to stymie the market's growth. During the forecast period 2022-2029, the market is expected to be hampered by stringent government restrictions and a lack of everyday use of nutritious items.
Omega 3 PUFA Market Segmentation Analysis:
By Type, The significant breakthroughs, such as emulsion and technologies like microencapsulation and stabilization, helped to overcome the problem of oxidation susceptibility, allowing EPA/DHA to be used in more food and beverage applications, particularly clear drinks. In fish oil formulations, the EPA is combined with DHA to treat a range of illnesses, including asthma, cancer, menstruation issues, hot flashes, hay fever, lung disorders, lupus erythematosus, and renal disease. The demand for EPA from infant formula, nutritional supplements, foods and drinks, and pharmaceutical sectors is increasing as a result of these health advantages, propelling the worldwide EPA/DHA market forward. ALA, on the other hand, is expected to expand at a faster rate than EPA/DHA throughout the forecast period, owing to rising demand for plant-based omega-3 PUFA from vegetarian and vegan customers throughout the world.

Plant-derived omega-3 PUFA is expected to grow at the quickest rate in the market over the forecast period. The rising propensity of the vegetarian population to eat goods containing ingredients or components derived from plant sources is attributable to the rapid growth of this market. However, marine-sourced omega-3 PUFA held the largest share of the global omega-3 PUFA market in 2017, owing to factors such as its wide range of applications in dietary supplements and infant formula, approval from leading organizations for its use in various products, and its widespread availability and production.

By Application, The gloabl Infant formula market is growing due to rising birth rates and parental buying power throughout the world. Infant formula is generally made from skimmed, processed cow's milk. The European Food Safety Authority (EFSA) has established that omega-3 fats, such as DHA and ALA, can help newborns' vision and cognition. In 2001, the US Food and Drug Administration allowed the use of DHA in baby formula, and now, the most popular formulas are DHA-fortified. Premature newborns and early infants can benefit from DHA-fortified formula.
Omega 3 PUFA Market Regional Insight:
In 2022, North America dominated the market, with a 35.3 percent share. This can be attributable to increased research and development as well as enhanced medicine penetration. The market in this area is growing due to rising dietary supplement usage, increased health advantages of omega-3 PUFA, rising healthcare spending, and improved healthcare infrastructure.

In the Global Omega 3 PUFA Market, Asia Pacific is expected to grow at a high rate. The growing demand from consumers for foods with high fiber content is responsible for the market's size. Large expanses of farmland and production of high-fiber content plants and oilseeds, which are the key raw materials for fiber and specialty carbohydrate components, are found in emerging nations in this region, such as India and China. Due to changing client lives, the food business in the Asia-Pacific region is experiencing slow growth. The Asia-Pacific food and beverage market is now undergoing a dramatic shift as a result of growing urbanization, diet diversity, and increased foreign direct investment in the food sector. These are the factors that are likely to boost product sales.
Report Objectives:
Landscape analysis of the Omega 3 PUFA Market
competitive benchmarking
Past and current status of the industry with the forecasted market size and trends
Evaluation of potential key players that include market leaders, followers, and new entrants
Technology trends
Potential impact of micro-economic factors of the market
External and Internal factors affecting market have been analysed

The report also helps in understanding the Omega 3 PUFA Market dynamics, structure by analysing the market segments and project the market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the market make the report investor’s guide.
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Omega 3 PUFA Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 1.50 Bn


Forecast Period 2023 to 2029 CAGR:
3.89%
Market Size in 2029:
US $ 1.96 Bn


 Segments Covered:
by Type
Docosahexaenoic acid (DHA)
Eicosapentaenoic acid (EPA)
Alpha linoleic acid (ALA)


by Source
Marine Sources
Fish oils
Algal oils
Krill oils
Other
Plant Source
Flaxseed oil
Chia Seed oil
Other


by Application
Dietary supplements
Functional foods & beverages
Pharmaceuticals
Infant formula
Others



Omega 3 PUFA Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Omega 3 PUFA Market Key Players
1.Cargill Incorporated
2.FMC Corporation
3.Croda International PLC
4.Royal DSM
5.Omega Protein Corporation
6.Arista Industries Inc.
7.Denemoga
8.Polaris
9.Pharma Marine LLC.
10.GOED Omega 3
11.Croda International PLC
12.GC Rieber Oils
13.BASF SE
14.Pelagia AS
15.Koninklijke DSM NV
16.Arjuna Natural
17.Corbion NV
18.Archer Daniels Midland Company
Frequently Asked Questions
1. What is the projected market size & growth rate of Omega 3 PUFA Market?
Ans- Omega 3 PUFA Market was valued at USD 1.50 billion in 2022 and is projected to reach USD 1.96 billion by 2029, growing at a CAGR of 3.89% during the forecast period.

2. What is the key driving factor for the growth of Omega 3 PUFA Market?
Ans- The market for Omega-3 PUFAs is growing as the frequency of cardiovascular illnesses rises.

3. Which Region accounted for the largest market share?
Ans- In 2021, North America dominated the market, with a 35.3 percent share.

4. What makes North America a Lucrative Market for Omega 3 PUFA Market?
Ans- This can be attributable to increased research and development as well as enhanced medicine penetration.

5. What are the top players operating in Omega 3 PUFA Market?
Ans- Cargill Incorporated, FMC Corporation, Croda International PLC, Royal DSM, Omega Protein Corporation, and Arista Industries Inc.