The Saudi Arabia Omega 3 Market is estimated at USD 60 million in 2019 and, it is anticipated to grow at a CAGR of 8.6% and reach USD 106.9 million by 2026. The penetration of Omega 3 in The Active Pharmaceutical Ingredient (API) market determines the industry growth. Growing awareness regarding prolonged diseases and practices supporting the usage of omega 3 in infant formula expands the scope of Omega 3 usage, contributing to the Saudi Arabia Omega-3 market. The ω-3 fatty acids market and n-3 fatty acids market sections contribute considerably to the omega-three fatty acids market size.
Citizens have become more aware of the benefits of Omega 3 fatty acids and their presence in fish oil. Moreover, health clubs and fitness specialists recommend food products containing Omega 3 as dietary supplements for sportspersons, adding to the market growth. The Fish Omega-3 market has evolved substantially in terms of standard sourcing and procurement practices and streamlined distribution channels, contributing to its sustainability.
However, severe regulatory barriers and high costs restrict market development. Besides, the omega-3 fish oil market is expected to get affected by low-cost substitutes such as soy products, vegetable oil, nuts, and seeds.
Saudi Arabia Omega 3 Market – Overview
Fish oil contains 3 Omega-3 fatty acids viz., Eicosapentaenoic Acid (EPA) and Docosahexaenoic Acid (DHA), Alpha-linolenic acid (ALA), respectively. These fatty acids are essential for human health as per numerous scientific researches, but they are not naturally produced in the human body. And therefore the humans need to obtain them from outside sources such as fatty fishes like salmon, bluefish, menhaden, etc., directly, or via certain supplement products containing their extracts. The indirect source in the form of supplementary products is safe because they are free from any contamination. One significant health advantage of Omega-3 fish oil is that it helps reduce triglycerides by up to 50 %, which consequently prevents heart disease and diabetes. Fish oil improves hormonal balance and male & female fertility.
The omega-3 deficiency among the citizens in Saudi Arabia has positively influenced the demand for omega-3-based products. Also, the awareness regarding the health benefits of Omega 3 products have induced market players to avail them in different forms to consumers. The different products include several dietary supplements, functional food and beverages, pharma products (particularly capsules), and infant formula. The market has grown substantially over the recent few years.