Microencapsulated Omega-3 Powders Market

Microencapsulated Omega-3 Powders Market Snapshot (2022 to 2032)

The global microencapsulated omega-3 powders market size is likely to exceed USD 17.4 Billion in 2032 and exhibit steady growth at a CAGR of 8.2% in the forecast period from 2022 to 2032. Increasing product consumption on the back of changing dietary habits and rising prevalence of cardiovascular diseases is set to push growth.

As per a report by FMI, demand for microencapsulated omega-3 powders is projected to reach USD 10.5 Billion in 2022. Surging investment by consumers in products associated with their healthcare and wellbeing is anticipated to bode well for the market.

Report Attribute	Details
Microencapsulated Omega-3 Powders Market Estimated Base Year Value (2021)	USD 9.1 Billion
Microencapsulated Omega-3 Powders Market Expected Market Value (2022)	USD 10.5 Billion
Microencapsulated Omega-3 Powders Market Anticipated Forecast Value (2032)	USD 17.4 Billion
Microencapsulated Omega-3 Powders Market Projected Growth Rate (2022 to 2032)	8.2% CAGR

As omega-3 fatty acids help in lowering the risk of arrhythmias or abnormal heartbeats that can even lead to sudden death of patients, demand for omega-3 powders is set to surge in the assessment period. The emergence of microencapsulation technology that is capable of improving the durability of powders even in temperature extremities is likely to push growth.

Besides, the ability of omega-3 fatty acids to lower the levels of triglyceride, reduce blood pressure levels, and slow down the growth of atherosclerotic plaque is expected to propel sales of microencapsulated omega-3 powders in future years. Increasing inclination of consumers towards healthier alternatives and surging adoption of preventive care to lead a better lifestyle are also set to boost growth.

In addition to that, high demand for omega-3 supplements worldwide as they are considered to be a rich source of minerals, proteins, and vitamins is estimated to foster growth. Increasing need to lower the risk of depression, asthma, and cancer among people of all age groups is also likely to drive the market.

Rising Prevalence of Diabetes and Cancer to Push the Microencapsulated Omega-3 Powders Market

Increasing prevalence of cancer and cardiovascular disease stoked by rising health awareness and adoption of a sedentary lifestyle across the globe is anticipated to spur the microencapsulated omega-3 powders market growth in the upcoming years.

As per the World Health Organization (WHO), in 2020, cancer accounted for about 10 million deaths or 1 in 6 deaths worldwide. These numbers are projected to surge at a rapid pace in future years, thereby accelerating the market.

The WHO further mentioned that diabetes was considered to be the ninth leading cause of death in 2019, with a projected 1.5 million deaths directly caused by the disease.

Also, the number of people suffering from diabetes surged to 422 million in 2014 from 422 million in 2014 with high prevalence in low- and middle-income countries globally. The trend is set to continue during the forthcoming years with changing lifestyles and consumption of junk food, thereby fostering growth.

Availability of Alternative Sources May Hamper the Microencapsulated Omega-3 Powders Market

Conventional omega 3 ingredient producers, especially in emerging economies, find it difficult to provide their products at a competitive price range. It is more relevant for those manufacturers that deliver omega-3 ingredients from alternative sources, such as krill oils and algae oils. Apart from that, consuming very high amounts of omega-3 fatty acids with health supplements can surge blood sugar levels of those people living with diabetes.

Diarrhea is another common side effect of consuming excessive fish oil. Driven by the above-mentioned disadvantages, demand for microencapsulated omega-3 powders may decline in future.

Surging Cases of Obesity to Drive the North America Microencapsulated Omega-3 Powders Market

North America is anticipated to dominate in the evaluation period by generating the largest microencapsulated omega-3 powders market share. Increasing cases of heart-related issues and obesity in the USA and Canada are set to push the need for various health supplements, including microencapsulated omega-3 powders across North America.

Moreover, several manufacturers based in the region are focusing more on developing advanced production technologies. They are thus aiming to reduce oxidation in their manufacturing processes and eliminate environmental pollutants from fish oil.

A few North America-based producers are also striving to concentrate omega-3 content in their final products to ensure the delivery of healthy parameters of fish oil.

Increasing Demand for Plant-based Alternatives to Augment the Asia Pacific Microencapsulated Omega-3 Powders Market

Increasing awareness among people living in India, China, South Korea, and Japan regarding the benefits of following a healthy diet is projected to augment the Asia Pacific microencapsulated omega-3 powders market size. Increasing population of young mothers and high birth rate across Asia Pacific are also set to spur the demand for infant nutrition, thereby pushing sales.

Additionally, increasing shift of consumers towards plant-based alternatives is compelling manufacturers to produce algae oil-based supplements. Growing vegan population across Asia Pacific is set to fuel sales of plant-based casing materials.

Market Competition

Some of the prominent companies operating in the global microencapsulated omega-3 powders market include Clover Corporation, Venketesh Biosciences LLP, Novotech Nutrition, Socius Ingredients, Koninklijke DSM N.V., KD Pharma Group, BASF SE, Wincobel, Skuny Bioscience Co., Ltd., Stepan Company, Glanbia Nutritionals, Biosearch SA and Benexia among others.

The global market is highly competitive in nature with the presence of various local and international key players. They are mainly focusing on developing well-differentiated products to generate high market share.

Some of the other key players are aiming to use non-fish sources for omega-3 extraction backed by the increasing trend of veganism in various parts of the globe. They are striving to find new algal sources as these do not have a fishy odor or taste, thereby making omega-3 ideal for the vegan population.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 8.2% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2015 to 2020
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Million and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Nature, Distribution Channel, Type, Region
Regions Covered	North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa
Key Countries Profiled	USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa
Key Companies Profiled	Clover Corporation; Venketesh Biosciences LLP; Novotech Nutrition; Socius Ingredients; Koninklijke DSM N.V.; KD Pharma Group; BASF SE; Wincobel; Skuny Bioscience Co., Ltd.; Stepan Company; Glanbia Nutritionals; Biosearch SA; Benexia
Customization	Available Upon Request

Key Segments Profiled in the Microencapsulated Omega-3 Powders Industry Survey

By Nature:

• Organic
• Conventional

By Distribution Channel:

• Direct
• Indirect
• Store-based
• Supermarket/Hypermarket
• Convenience Stores
• Discount Stores
• Food and Drink Health Stores
• Online

By Type:

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

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa

Frequently Asked Questions

At what rate will the microencapsulated omega-3 powders market grow?

The global microencapsulated omega-3 powders market is set to surpass USD 17.4 Billion in 2032.

Which region is set to lead the microencapsulated omega-3 powders market?

North America is set to lead the microencapsulated omega-3 powders market in the forecast period.

Which are some of the renowned companies in the microencapsulated omega-3 powders market?

Clover Corporation, Venketesh Biosciences LLP, Novotech Nutrition, Socius Ingredients, Koninklijke DSM N.V., KD Pharma Group, BASF SE, and Wincobel some of the renowned companies in the microencapsulated omega-3 powders market.