Middle East & Africa Vegan Omega 3 Supplements Market Size & Outlook
The vegan omega 3 supplements market in Middle East & Africa is expected to reach a projected revenue of US$ 48.3 million by 2030. A compound annual growth rate of 7.4% is expected of Middle East & Africa vegan omega 3 supplements market from 2024 to 2030.
Revenue, 2023 (US$M)
$29.3
Forecast, 2030 (US$M)
$48.3
CAGR, 2024 - 2030
7.4%
Report Coverage
Middle East & Africa
MEA vegan omega 3 supplements market highlights
- The MEA vegan omega 3 supplements market generated a revenue of USD 29.3 million in 2023.
- The market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, algae was the largest revenue generating source in 2023.
- Algae is the most lucrative source segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 29.3 million |
| Market revenue in 2030 | USD 48.3 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Algae |
| Fastest growing segment | Algae |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Algae |
| Key market players worldwide | DSM Firmenich AG, Source Naturals, NuTru Inc, Nordic Naturals, NOW Foods, Sunwarrior |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.8% of the global vegan omega 3 supplements market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,070.8 million by 2030.
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Vegan Omega 3 Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| NuTru Inc | View profile | 11-50 | North Yarmouth, Maine, United States, North America | https://www.nutru.com/ |
| Sunwarrior | View profile | 51-100 | Washington, Utah, United States, North America | http://sunwarrior.com |
| Source Naturals | View profile | - | Scotts Valley, California, United States, North America | https://www.sourcenaturals.com |
| NOW Foods | View profile | 501-1000 | Bloomingdale, Illinois, United States, North America | https://www.nowfoods.com |
| Nordic Naturals | View profile | 251-500 | Watsonville, California, United States, North America | https://www.nordic.com |
| DSM Firmenich AG | View profile | 30000 | Wurmisweg 576, Kaiseraugst, Switzerland, 4303 | https://www.dsm-firmenich.com/corporate/home.html |
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