Europe Omega 3 Market Insights Forecasts to 2033

• The Europe Omega 3 Market Size was valued at USD 604.1 Million in 2023.
• The Market Size is Growing at a CAGR of 7.27% from 2023 to 2033
• The Europe Omega 3 Market Size is Expected to Reach USD 1218.6 Million by 2033

The Europe Omega 3 Market Size is Anticipated to Reach USD 1218.6 Million by 2033, growing at a CAGR of 7.27% from 2023 to 2033.

Market Overview

Omega-3 fatty acids are essential fats that the body cannot produce on its own, crucial for heart health, brain function, and reducing inflammation. They are primarily found in fish, flaxseeds, and walnuts. In Europe, omega-3 fatty acids are recognized for their health benefits, particularly in promoting cardiovascular health and cognitive function. Sources like fatty fish (such as salmon and mackerel), flaxseed oil, and walnuts are commonly consumed, and many countries encourage dietary intake of omega-3s through guidelines and public health campaigns. Additionally, omega-3 supplements are popular among Europeans seeking to enhance their overall well-being. Furthermore, increasing awareness of health benefits, such as cardiovascular health and cognitive function, is driving demand for omega-3-rich foods and supplements. The market is seeing a rise in innovative products, including fortified foods (like dairy and snacks), omega-3-enriched oils, and plant-based supplements, catering to diverse dietary preferences. Regulatory frameworks, such as the European Food Safety Authority (EFSA), govern health claims related to omega-3s, ensuring that consumers receive reliable information and safe products.

Report Coverage

This research report categorizes the market for the Europe omega 3 based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Europe omega 3 market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Europe omega 3 market.

Driving Factors

The Europe omega-3 market is driven by several factors. As consumers become more aware of the health benefits of omega-3 fatty acids, the demand for omega-3 supplements and fortified foods is increasing. Research highlights the therapeutic potential of omega-3s in managing various health conditions, boosting consumer confidence. Additionally, the growing global aging population is contributing to the demand for omega-3 supplements, as older adults are more likely to develop chronic diseases that omega-3s can help address. There is also an increasing interest in non-fish sources of omega-3, such as algae, flaxseed, walnuts, and krill oil, driven by sustainability concerns and pressure on anchovy fisheries.

Restraining Factors

Several factors hinder the growth of the omega-3 market in Europe. One of the main issues is the high and unstable cost of fish and other marine oils used to produce omega-3. This instability is largely due to rising aquaculture expenses, which are influenced by the costs of feed, labor, electricity, and power. Additionally, algae-based omega-3 products are often more expensive than fish oil, mainly because their cultivation and extraction processes are labor-intensive.

Market Segmentation

The Europe omega 3 market share is classified into type and application.

• The docosahexaenoic acid (DHA) segment is expected to hold the largest market share through the forecast period.

The Europe omega 3 market is segmented by type into docosahexaenoic acid (DHA), eicosapentaenoic acid (EPA), alpha-linolenic acid (ALA), docosapentaenoic acid (DPA), and others. Among these, the docosahexaenoic acid (DHA) segment is expected to hold the largest market share through the forecast period. The increasing use of DHA in infant formulas is due to its numerous benefits for overall infant health. DHA, or docosahexaenoic acid, is the most significant and abundant omega-3 fatty acid in the human diet and plays a critical role in maintaining health. It is essential for the development and maturation of an infant's brain and eyesight.  In addition to its presence in infant formulas, DHA is commonly found in nutritional supplements and fortified foods. It is also used in the treatment of various health conditions, including dementia, attention deficit hyperactivity disorder (ADHD), coronary artery disease (CAD), and Type 2 diabetes. The recognized health benefits of DHA have led to its inclusion in products aimed at geriatric nutrition.

• The supplements & functional foods segment is expected to dominate the Europe omega 3 market during the forecast period.

Based on the application, the Europe omega 3 market is divided into supplements & functional foods, pharmaceuticals, infant formula, animal feed & pet food, and others. Among these, the supplements & functional foods segment is expected to dominate the Europe omega 3 market during the forecast period. The outstanding benefits of this product, such as muscle gain, mineral fortification, weight management, and beauty advantages, are contributing to its growing popularity. As athletes and gym enthusiasts in key countries like Italy, Spain, and Germany become more aware of the importance of reducing calorie intake, the demand for sports supplements and functional food products is expected to rise.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Europe omega 3 market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Austevoll Seafood ASA
• Orkla ASA
• Omega Laboratories
• Croda International PLC
• Lonza Group Ltd
• Basf SE
• Koninklijke DSM NV
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Europe, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Europe Omega 3 Market based on the below-mentioned segments:

Europe Omega 3 Market, By Type

• Docosahexaenoic Acid (DHA)
• Eicosapentaenoic Acid (EPA)
• Alpha-linolenic Acid (ALA)
• Docosapentaenoic Acid (DPA)
• Others

Europe Omega 3 Market, By Applications

• Supplements & Functional Foods
• Pharmaceuticals
• Infant Formula
• Animal Feed & Pet Food
• Others