Market Size of Omega 3-PUFA Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Omega-3 PUFA Market Analysis
The global omega-3 PUFA market is growing at a CAGR of 8.2% during the forecast period (2022-2027).
COVID-19 had a significant effect on the omega-3 PUFA market. The buying pattern of consumers changed during the pandemic. This was because of the consumer's interest in healthy, nutritious food raised. The products that contain omega-3 PUFA were found in the top preference of the consumers because consumption of such products helps in improvising health physically and mentally. For instance, Archer Daniels Midland Company, which is one of the key players in this industry, has estimated a growth of 76% in the first quarter of fiscal 2021.
The market growth is fueled by factors such as rising consumer awareness of the health benefits associated with omega-3 PUFA. The sector is also gaining importance and becoming a part of the consumer's daily diet owing to the increased prevalence of people taking preventive healthcare measures.
The rising application of omega-3 PUFA in industrial sectors is eventually driving the growth of this market globally. As the consumers are getting aware of their health, therefore, the majority of consumers prefer the omega-3 contained product as their base need supplement.
