North America Omega 3 Market Size Worth $1,567.13 Million by 2032 | CAGR: 7.5%

North America Omega 3 Market Size Worth $1,567.13 Million by 2032 | CAGR: 7.5%


The North America omega 3 market size is expected to reach USD 1,567.13 million by 2032, according to a new study by Polaris Market Research. The report “North America Omega 3 Market Share, Size, Trends, Industry Analysis Report, By Type (DHA (Docosahexaenoic Acid), ALA (Alpha Linolenic Acid), and EPA (Eicosapentaenoic Acid)); By Source by Application; By Country; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

In the North American market, omega-3 fatty acids have emerged as vital nutrients offering a plethora of health benefits, crucial for overall well-being and reducing the risk of chronic diseases. Found predominantly in specific fish, nuts, seeds, and plant oils, omega-3 incorporation into diets has been linked to a myriad of advantages, including enhanced cardiovascular health, diminished inflammation, and improved brain function.

Research features omega-3s' pivotal role in lowering bloodstream triglyceride levels, consequently mitigating heart disease risk. Additionally, their anti-inflammatory properties hold promise in alleviating symptoms of conditions like arthritis and inflammatory bowel disease. Moreover, these fatty acids are indispensable for brain health and cognitive function, with studies suggesting potential in curbing cognitive decline while enhancing memory and concentration. Consequently, the market for omega-3 products has witnessed remarkable growth, buoyed by heightened consumer awareness regarding their pivotal role in health and wellness.

This expansion is further propelled by a surge in health consciousness and a burgeoning focus on preventive healthcare, prompting consumers to seek out omega-3-fortified foods and supplements. The market encompasses a diverse array of products, including fish oil supplements, fortified foods and beverages, and pharmaceuticals. Moreover, technological advancements in extraction techniques have paved the way for innovative omega-3 products boasting improved bioavailability and reduced fishy aftertaste, aligning with consumer preferences for convenient and palatable options. Several factors underpin the growth of the omega-3 market, including the prevalence of lifestyle-related health conditions such as cardiovascular diseases, obesity, and diabetes, fueling demand for nutritional supplements and functional foods rich in omega-3 fatty acids.

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In the North American market, the growth of the omega-3 industry is further propelled by strides in extraction and purification technologies. These advancements empower manufacturers to yield premium-grade omega-3 ingredients in a cost-effective manner. Moreover, regulatory approvals and certifications validating the health advantages of omega-3s have fortified consumer trust and streamlined market expansion across diverse geographical areas.

North America Omega 3 Market Report HighlightsTop of Form

  • In 2023, the marine-based segment accounted for the largest market share in the North America omega 3 market. The marine-based omega-3 industry in North America is well-established, with a long history of fish oil extraction and processing.
  • The pharmaceutical segment is expected to grow at the fastest CAGR during the forecast period. Growing awareness among consumers about the importance of omega-3 fatty acids for health and wellness also contributes to the demand for pharmaceutical-grade products. Consumers are increasingly seeking out high-quality, clinically proven formulations of omega-3s, which pharmaceutical companies can provide.
  • In 2023, United States dominated the largest market. The omega-3 market in the United States offers a wide range of products, including fish oil supplements, krill oil supplements, fortified foods, and pharmaceutical-grade omega-3 drugs. This diversity of products caters to different consumer preferences and dietary needs, contributing to market expansion.
  • The key market players are AKER BIOMARINE, BASF SE, Croda International Plc., Pelagia Holding AS, GC Rieber, DSM-Firmenich AG, Omega Protein Corporation, Corbion, Nuseed Global, Cargill Inc.

Polaris Market Research has segmented the North America omega 3 market report based on Type, source, application, and country.

North America Omega 3, Type Outlook (Revenue - USD Million, 2019 - 2032)

  • DHA (Docosahexaenoic Acid)
  • ALA (Alpha Linolenic Acid)
  • EPA (Eicosapentaenoic Acid)

North America Omega 3, Source Outlook (Revenue - USD Million, 2019 - 2032)

  • Plant-Based
  • Marine-Based

North America Omega 3, Application Outlook (Revenue - USD Million, 2019 - 2032)

  • Pharmaceutical
  • Dietary Supplements
  • Animal Feed & Pet Food
  • Functional Food & Beverages
  • Infant Formula      

North America Omega 3, Country Outlook (Revenue - USD Million, 2019 - 2032)

  • U.S.
  • Canada

North America Omega 3 Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 875.65 million

Revenue forecast in 2032

USD 1,567.13 million

CAGR

7.5% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD million and CAGR from 2024 to 2032

Segments covered

By Type, By Source, By Application And By Country

Country scope

United States, Canada

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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