The Omega-3 market is estimated at USD 3.9 billion in 2024 and is projected to reach USD 7.4 billion by 2029, at a CAGR of 13.5% from 2024 to 2029.
Consumer awareness of the diverse health advantages of Omega-3 fatty acids, including bolstering heart health, cognitive function, and alleviating inflammation, has been steadily increasing. Consequently, consumers are actively pursuing products abundant in Omega-3s to integrate into their dietary regimens. The endorsement of health claims associated with Omega-3 fatty acids by regulatory bodies like the Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA) has further reinforced consumer confidence in Omega-3 enriched products, enhancing their credibility and appeal.
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BASF SE (Germany)
BASF SE, a prominent multinational corporation, is a key player in the omega-3 market, offering its products primarily through the Nutrition & Care segment. With operations spanning over 90 countries globally, BASF SE operates over 100 production and research sites strategically located in North America, Europe, and Asia. Leveraging over 180 years of expertise in omega-3 innovation, BASF focuses on producing high-quality omega-3 solutions tailored for pharmaceutical APIs and nutritional supplements. Headquarters based in Lysaker, Norway, BASF maintains manufacturing sites in Sandefjord, Norway, and Callanish, Scotland.
In November 2019, BASF Nutrition & Health, collaborating with Swiss pharmaceutical firm Ideogen, launched its omega-3 fatty acid solution, Hepacor, in the European market.
Cargill, Incorporated (US)
Cargill, Incorporated, a leading producer of specialty food ingredients and industrial products, operates across four main business segments, including animal nutrition & protein, food ingredients & applications, origination & processing, and industrial & financial services. Within its food ingredients & applications segment, Cargill offers food additives and a wide range of ingredients to food and beverage manufacturers, food service companies, and retailers. Its specialty food ingredients include acidulants, sweeteners, starches, and protein ingredients, catering to various sectors such as beverages, bakery, dairy, and meat. These ingredients play a crucial role in enhancing the appearance, taste, and stability of fresh meat and specialty meat products, contributing to the omega-3 market.
In March 2023, Cargill, Incorporated partnered with Cubig Foods, a food technology company based in Barcelona, to collaborate on the development and commercialization of innovative plant-based fat ingredients.
dsm-firmenich (Netherlands)
dsm-firmenich (Netherlands), a global science-driven company with a strong emphasis on health, nutrition, and materials, offers a diverse portfolio of products spanning nutrition solutions, performance ingredients, functional materials, polymer intermediates, and biomaterials. Additionally, DSM is engaged in serving a multitude of markets, including food and beverages, dietary supplements, personal care, animal nutrition, and medical devices; dsm-firmenich also caters to sectors such as automotive, paints, electrical and electronics, alternative energy, and construction materials. The company actively participates in initiatives related to early-life nutrition, bio-based materials, and packaging solutions. dsm-firmenich provides a broad range of omega-3 ingredients suitable for various applications, including dietary supplements, infant nutrition, fortified foods, and animal nutrition. These ingredients encompass omega-3s derived from fish oil and alternative sources such as algal oil.
In October 2023, dsm-firmenich introduced Life's OMEGA 03020 in North America, marking the debut of a top-tier single-source algal omega-3 supplement. This supplement boasts an EPA/DHA ratio that closely resembles the natural composition found in fish oil.
Related Reports:
Omega-3 Market by Type (DHA, EPA, and ALA), Application (Dietary Supplements, Functional Foods & Beverages, Pharmaceuticals, Infant Formula, and Pet Food & Feed), Source (Marine and Plant), and Region - Global Forecast to 2029
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