The global fats and oils market is forecasted to grow by 5.2% over the period of 2018 to 2023. Polyunsaturated fats, which includes omega-3s, remain a key driver of the sector. Although health-conscious consumers recognise the value of omega-3s and their role in improving overall health, 96% of the global population is estimated to consume insufficient levels of omega-3s.
With a variety of marine and emerging plant-based sources, omega-3 remains a leading category within the nutraceuticals industry. There’s more growth and opportunity to come from this established market for businesses looking to introduce further innovation and variety to the space, especially as consumers actively seek out marine alternatives.
While fish oil has long been the conventional source of omega-3, overarching demand for sustainable and plant-based sources has motivated innovation in ingredients and manufacturing practices.