Omega 3 Ingredients Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Omega-3/EPA/DHA Ingredients Manufacturers and the market is Segmented by Type (Concentrates, Algal Oil, Cod Liver Oil, Krill Oil, Menhaden Oil, Refined Tuna Oil, Anchovy Oil, and Others); By Application (Functional Food and Beverage, Dietary Supplements, Infant Nutrition, Pet food and Feed, Pharmaceutical, and Clinical Nutrition); and by Geography (North America, Europe, Asia-Pacific, South America, Middle-East, and Africa). The report offers market size and values in (USD million) during the forecasted years for the above segments.

Omega-3 Ingredients Market Size

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Omega-3 Ingredients Market Summary
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Study Period 2019 - 2029
Market Size (2024) USD 1.26 Billion
Market Size (2029) USD 2.41 Billion
CAGR (2024 - 2029) 13.79 %
Fastest Growing Market Asia-Pacific
Largest Market North America

Major Players

Omega-3 Ingredients Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Omega-3 Ingredients Market Analysis

The Omega-3 Ingredients Market size is estimated at USD 1.26 billion in 2024, and is expected to reach USD 2.41 billion by 2029, growing at a CAGR of 13.79% during the forecast period (2024-2029).

Awareness of the benefits offered by omega-3 in human health has led to the use of fish oils as food supplements. However, the continually decreasing number of marine species, especially anchovy fish, has highlighted the need to explore alternative sources, especially those of microbial origin. Manufacturers are actively using advanced manufacturing technologies. To ensure the best delivery of the beneficial properties of fish oil, manufacturers emphasize the effective removal of environmental pollutants from fish oil, reducing oxidation during the manufacturing process, and increasing the omega-3 concentration in the finished product.

Low-cost algal harvesting options are currently under development. A significant research effort is needed to develop cost-effective algal harvesting techniques. Companies have been focusing on process improvement to improve fermentation conditions and downstream processing. They have been adjusting their manufacturing process to increase the percentage of total omega-3s in the oil from 40% to 50%. The total cost remains high to date. However, attempts to reduce the cost of omega-3 products are expected to drive the market in the future.

Demand for brain health and nutraceutical products for youngsters has been the major driver for Omega 3 ingredients across the world. Though Omega 3 ingredients are not restricted to age, it is highly consumed by working adults to boost metabolic activities and cognitive health. However, one of the most prevalent challenges conventional omega-3 ingredient manufacturers face is offering products with a competitive price range. This is more relevant for the companies that offer omega-3 ingredients from alternative sources, such as krill and algae oils.

Omega-3 Ingredients Market Trends

This section covers the major market trends shaping the Omega-3 Ingredients Market according to our research experts:

Immense Growth in Concentrated Forms of Algal Omega-3 Ingredients

New ultra-high concentrated omega-3 ingredients offer numerous benefits to consumers willing to pay a higher premium price for high-end products. Suppliers are investing in producing highly concentrated algal omega-3 products and counting on increased demand to drive their sales. The market for concentrates has also been booming, as more consumers have been becoming familiar with the benefits of algal omega-3 and have been looking for the benefits of higher doses. Considering the existing opportunities in the market studied, major companies involved in the manufacturing of omega-3 have also started making strategic efforts to capitalize on the existing business expansion opportunity. For instance, in June 2021, Polaris launched Omegavie DHA 800 algae oil, which is sourced from microalgae that are rich in vitamins, proteins, pigments, and enzymes. Omegavie DHA 800 is unique because of its high potency, offering a minimum of 800 mg/g of DHA.

Omega-3 Ingredients Market: Seaweeds and Other Algae for Human Consumption, in Thousand Euros, Europe, 2018-2021

North America Holds the Largest Market Share

Consumer awareness regarding the benefits of omega-3 has increased recently, which has influenced the demand for omega-3 in the North American region. Omega 3 ingredients are predominantly extracted and processed in North America due to augmenting dietary supplement brands and huge herbal and chemical processing companies. In the United States, consumers show a huge interest in Omega 3 ingredients due to inflating neurological disorders, due to which the market demand is even further boosting. The American Heart Association (AHA) recommends people in the region eat fish, particularly cold-water fish, twice a week to maintain optimum omega-3 levels in their diet. Growing consumer knowledge regarding product benefits is boosting the industry's growth.

Omega-3 Ingredient Market: Market Share(%), By Region, Global, 2021

Omega-3 Ingredients Industry Overview

A few players, such as Corbion NV, BASF SE, Koninklijke DSM N.V., Archer Daniels Midland Company, and Cargill Inc., dominate the global omega-3 ingredients market. The most notable point to be observed in the global omega-3 ingredients market is the effect of strategic mergers, acquisitions, partnerships, and investments. Furthermore, the increasing importance of omega-3 fatty acids at the global level owing to the implementation of new advertising campaigns by companies, such as Koninklijke DSM N.V. and BASF SE, is anticipated to have a significant impact on the segment growth.

Omega-3 Ingredients Market Leaders

  1. Corbion N.V.

  2. Koninklijke DSM N.V.

  3. Cargill Inc.

  4. Archer Daniels Midland Company

  5. BASF SE

*Disclaimer: Major Players sorted in no particular order

Koninklijke DSM N.V., Cargill Inc.,  Croda International PLC, Archer Daniels Midland Company, Corbion N.V., Pelagia AS, Polaris SA, Omega Protein Corporation
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Omega-3 Ingredients Market News

  • In October 2021, Omega-3 concentrates supplier GC Rieber VivoMega announced its plans to expand production facilities and storage tanks to accommodate more ingredients in the upcoming years.
  • In September 2021, KD Pharma Group introduced Alga3, a sustainable, vegan omega-3 solution. KD Nutra's superior technology and production flexibility allow for a wide range of omega-3 concentrates. This means the company can customize the EPA and DHA ratio on customer needs, and for any kd-pür fish oil, there is a matching Alga3 plant-based solution.
  • In May 2021, AlgaeCytes Limited announced plans to build its first commercial plant in Dessau, Saxon-Anhalt, Germany. The plant will be owned and operated by the Company's German subsidiary, AlgaeCytes Germany GmbH.

Omega-3 Ingredients Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 Type

      1. 5.1.1 Concentrates

      2. 5.1.2 Algal Oil

      3. 5.1.3 Cod Liver Oil

      4. 5.1.4 Krill Oil

      5. 5.1.5 Menhaden Oil

      6. 5.1.6 Refined Tuna Oil

      7. 5.1.7 Anchovy Oil

      8. 5.1.8 Others Oil Types

    2. 5.2 Application

      1. 5.2.1 Functional Food and Beverage

      2. 5.2.2 Dietary Supplements

      3. 5.2.3 Infant Nutrition

      4. 5.2.4 Pet food and Feed

      5. 5.2.5 Pharmaceutical

      6. 5.2.6 Clinical Nutrition

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of North America

      2. 5.3.2 Europe

        1. United Kingdom

        2. Germany

        3. Spain

        4. France

        5. Italy

        6. Russia

        7. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. Rest of Asia-Pacific

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. United Arab Emirates

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Koninklijke DSM N.V.

      2. 6.3.2 Cargill Inc.

      3. 6.3.3 Croda International PLC

      4. 6.3.4 Archer Daniels Midland Company

      5. 6.3.5 Corbion N.V.

      6. 6.3.6 Pelagia AS

      7. 6.3.7 Polaris SA

      8. 6.3.8 Omega Protein Corporation

      9. 6.3.9 BASF SE

      10. 6.3.10 Aker BioMarine

    4. *List Not Exhaustive

**Subject to Availability
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Omega-3 Ingredients Industry Segmentation

Omega-3 fatty acids are a form of polyunsaturated fat that the body derives from food. Omega-3 fatty acids are found in foods, such as fish and flaxseed, and dietary supplements, such as fish oil. The scope of the global omega-3 ingredients market includes market segmentation by Type, Application, and Geography. Based on type, the market is segmented under concentrates, algal oil, cod liver oil, krill oil, menhaden oil, refined tuna oil, anchovy oil, and others. Furthermore, based on application, the market is segmented under functional food and beverage, dietary supplements, infant nutrition, pet food and feed, pharmaceutical, and clinical nutrition. Lastly, the report outlines the coverage of all the global regions, including North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. For each segment, the market sizing and forecasts have been done based on value (in USD million).

Algal Oil
Cod Liver Oil
Krill Oil
Menhaden Oil
Refined Tuna Oil
Anchovy Oil
Others Oil Types
Functional Food and Beverage
Dietary Supplements
Infant Nutrition
Pet food and Feed
Clinical Nutrition
North America
United States
Rest of North America
United Kingdom
Rest of Europe
Rest of Asia-Pacific
South America
Rest of South America
Middle-East and Africa
United Arab Emirates
South Africa
Rest of Middle-East and Africa
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Omega-3 Ingredients Market Research FAQs

The Omega-3 Ingredients Market size is expected to reach USD 1.26 billion in 2024 and grow at a CAGR of 13.79% to reach USD 2.41 billion by 2029.

In 2024, the Omega-3 Ingredients Market size is expected to reach USD 1.26 billion.

Corbion N.V., Koninklijke DSM N.V., Cargill Inc., Archer Daniels Midland Company and BASF SE are the major companies operating in the Omega-3 Ingredients Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Omega-3 Ingredients Market.

In 2023, the Omega-3 Ingredients Market size was estimated at USD 1.11 billion. The report covers the Omega-3 Ingredients Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Omega-3 Ingredients Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

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Omega 3 Ingredients Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)