India Omega 3 Market Size was valued at USD XX Billion in 2022. The omega 3 market industry is projected to grow from USD XX Billion in 2023 to USD XX Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.50% during the forecast period (2023 - 2032). The rising number of cardiovascular disease cases and changing eating patterns are major market drivers of the increase in product consumption. The post-COVID-19 pandemic importance of immunity development has grown, which has strengthened the market's primary driver.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The market CAGR is being driven by the growing usage of omega-3 fatty acids in medications and pet food. Public activities pertaining to fitness and health are expanding, which sustains the market and need innovation in order to stay competitive. Increased business potential will result from consumer orders motivated by health benefits. However, this technology offers lotions with compositions that are micro-emulsified and intended to enhance absorption through the skin. By considerably decreasing the area of contact between oil and air, omega-3 technology aids in the emulsification of the ointment in the intestine as opposed to its formation as a layer on the gastric juices' surface. Along with lowering blood pressure and lipid levels, it also reduces the development of atherosclerotic plaques. Furthermore, the danger of abnormal cardiac rhythms, which can cause an untimely death for the patient, is reduced by omega-3 fatty acids. Protective caution is seen as a necessary tool to assist customers live better lives, and they are gradually shifting to healthier choices. Due to their abundance in vitamins, proteins, and minerals as well as their potential to combat conditions like depression, asthma, and cancer, omega-3 fatty acids are consequently gaining popularity.
Moreover, in the human diet, omega-3 fatty acids—EPA and DHA in particular—are critical for healthy development, growth, and wellbeing. They are beneficial for immune system function, heart health, eye health, joint and inflammatory support, pregnancy and child development, and cognitive function. Omega-3 is recognized to lower the risk of cardiovascular disease. In India, the number of deaths from cardiovascular disease has increased recently. In India, 19.1 million senior persons are predicted to have heart disease by 2050, according to the United Nations Population Fund (India). The market for omega-3 products is supported by countries like India, where the likelihood of heart disease cases is rising and there is a need for heart health goods. Additionally, many eye illnesses can be prevented and dry eye condition can be treated using omega-3 fatty acids. Research indicates that ingesting meals or supplements containing omega-3 fatty acids may lower the chances of acquiring glaucoma and macular degeneration. Consequently, it is anticipated that the market demand for omega-3 will be driven by its advantages in a number of areas related to human health. Thus, driving the omega 3 market revenue.
The India Omega 3 market segmentation, based on type includes Docosahexaenoic Acid (DHA), Eicosapentaenoic Acid (EPA), and Alpha-linolenic Acid (ALA). The docosahexaenoic acid (DHA) segment dominated the market mostly. This is explained by the product's increasing use in baby formulae to enhance an infant's general health. The most abundant and vital omega-3 fatty acid in the human diet, DHA aids in preserving bodily health.
Figure 1: India Omega 3 Market, by Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The India Omega 3 market segmentation, based on source, includes Marine Source and Plant Source. The marine source category generated the most income. This can be attributed to the quantity of DHA, omega-3 fatty acids, and EPA found in fish oil and bodies, as well as oily or fatty fish and marine microorganisms like algae and marine crustaceans like krill. For human consumption, sources with high omega-3 content include salmon, mackerel, pollock, and tuna.
The India Omega 3 market segmentation, based on application, includes Supplements & Functional Foods, Pharmaceuticals, Infant Formula, Animal Feed & Pet Food, and Others. The supplements & functional foods category generated the most income. This can be attributed to the remarkable advantages that omega 3 fatty acids provide, including weight management, muscle growth, and enhanced mineral content. Sports supplements and functional food products are expected to become more popular as gym professionals & athletes, particularly in India, become more conscious of the need to cut back on their calorie intake.
The omega-3 market in India is expected to expand rapidly over the course of the forecast period. The shift in consumer preferences toward wholesome food, drinks, and dietary supplements is driving the market's income growth. A further factor driving consumers to prefer preventative over curative care is the growing expense of hospital stays and uncomfortable therapies. This includes selecting nutritious meals and drinks. As a result, there is now a noticeable rise in the demand for meals prepared with wholesome components. Furthermore, the countries' cheap labor, the quantity of resources accessible, and the presence of large firms using omega-3 as an essential component in a range of products are all important elements driving the market's income growth. Additionally, R&D efforts to improve women's nutritional status are being funded by governments from many countries in this field. This can help in the fight against diseases like obesity and other cardiovascular disorders. Several new businesses are entering this market sector and offering a range of distinctive and enhanced items to meet the continuous demand from customers. Revenue growth in this sector of the industry is being aided by this.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the omega 3 market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, omega 3 industry must offer cost-effective items.
Major players in the omega 3 market are attempting to increase market demand by investing in research and development operations includes Aker Biomarine Antarctic AS; BASF SE; BioProcess Algae; Omega Protein Corp.; Orkla Health; GC Reiber Oils; Lonza; EPAX; Croda International Plc; LLC; and Koninklijke DSM N.V.
Omega 3 Industry Developments
August 2021: The vegetarian omega-3 supplement RuVega was developed in collaboration with a team of scientists at the Center of Aromatic Plants (CAP) and is derived from the perilla plant. It was founded by India's minister of agriculture.
July 2021: Lonza continues partnership with Important Biopharmaceutical Company for Commercial Supply of Monoclonal Antibodies on a Large Scale. A long-term partnership for the commercial production of monoclonal antibodies will finish the integrated supply chain for the production of antibody-drug conjugates that can be used to treat cancers that are difficult to treat.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD XX Billion |
| Market Size 2023 | USD XX Billion |
| Market Size 2032 | USD XX Billion |
| Compound Annual Growth Rate (CAGR) | 9.50% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Source, Application, and Region |
| Countries Covered | India |
| Key Companies Profiled | Aker Biomarine Antarctic AS; BASF SE; Omega Protein Corp.; Orkla Health; GC Reiber Oils; Lonza; EPAX; Croda International Plc; BioProcess Algae; LLC; and Koninklijke DSM N.V. |
| Key Market Opportunities | Growing use of improved medications to address and avoid long-term health issues |
| Key Market Dynamics | Increasing consumption of foods high in omega-3 fatty acids to improve heart and brain health Growing consumer spending on health and personal wellness |
Frequently Asked Questions (FAQ) :
The India Omega 3 market size was valued at USD XX Billion in 2022.
The market is projected to grow at a CAGR of 9.50% during the forecast period, 2023-2032.
The key players in the market are Aker Biomarine Antarctic AS; BASF SE; Omega Protein Corp.; Orkla Health; GC Reiber Oils; Lonza; EPAX; Croda International Plc; BioProcess Algae; LLC; and Koninklijke DSM N.V.
The marine source category dominated the market in 2022.
The supplements & functional foods category had the largest share in the market.
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