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%.

Get Free Sample Report @ https://www.snsinsider.com/sample-request/1066

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.

About US:

SNS Insider has been a leader in data and analytics globally with its authentic consumer and market insights. The trust of our clients and business partners has always been at the center of who we are as a company. We are a business that leads the industry in innovation, and to support the success of our clients, our highly skilled engineers, consultants, and data scientists have consistently pushed the limits of the industry with innovative methodology and measuring technologies.

We assist our clients to anticipate industrial, economic, and consumer trends to drive disruptive change by fusing global experience with local information from experts throughout the world. We bring context to strategic and tactical data by bridging approaches based on data science and field research, assisting you in addressing your most pressing problems and spotting possibilities.

Contact Us:

Akash Anand – Head of Business Development & Strategy,

[email protected],

Phone: +1-415-230-0044 (US) | +91-7798602273 (IND),

Website: https://www.snsinsider.com