The growing incidence of chronic diseases is a major factor responsible for the surging demand for various supplements and functional food items such as omega-3. The high occurrence rate of chronic diseases is affecting the people of both low- and middle-income countries (LMICs) and high-income nations. “According to the World Health Organization (WHO), 9.6 million people died of cancers in 2018 and out of which around 70% were reported in LMICs”. Further, the increasing prevalence of heart disorders in several countries, especially developed nations, is boosting the requirement of heart-healthy food supplements such as omega-3 fatty acids.
Omega-3 supplements play a major role in protecting the body against various diseases and disorders such as asthma, rheumatoid arthritis, depression, and cardiovascular diseases. Besides this, it has also been found through various studies and surveys that omega-3 fatty acids help in slowing down cognitive decline. Furthermore, omega-3 acids contain docosahexaenoic acid (DHA) and are thus, highly essential for pregnant women and breastfeeding mothers. Additionally, the increasing public awareness of healthy foods is boosting the requirement of omega-3 supplements across the globe. As these fatty acids are not synthesized in the body, they need to be obtained through the diet.
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Hence, with the growing consumption of omega-3 supplements,
the global omega-3 market will grow, in value, from $19.7 billion to
$49.7 billion from 2019 to 2030, advancing at a CAGR of 8.8% from 2020 to 2030.
Depending on source, the market is categorized into animals and plants. Of
these, the animals category will hold a higher market share in the future
years. This is ascribed to the fact that the EPA (eicosapentaenoic acid) and
DHA (docosahexaenoic acid), found in animal-based omega-3, are required by the
human body in significantly larger amounts than the ALA (alpha-linolenic acid)
found in plant-based omega-3.
In the future years, the Asia-Pacific (APAC) omega-3 market will
exhibit the highest and the fastest growth in the world, as per the
calculations of P&S Intelligence, a market research company based in India.
This is attributed to the growing requirement of omega-3 supplements and other
products in the various APAC nations such as India, Australia, and China. In
addition to this, the ballooning utilization of fish oil in food items and the
mushrooming public awareness of health and wellness will push up the sales of
omega-3 food items in the region in the forthcoming years.
Hence, it can be said with confidence that the sales of omega-3 food products will boom all over the world in the upcoming years, primarily due to the growing requirement of omega-3 supplements and capsules, mainly because of their numerous health benefits, especially with respect to the heart, in several countries around the world.
