Omega 3 Supplements Industry Overview
The global omega 3 supplements market size was valued at USD 5.58 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.6% from 2020 to 2028.
A sedentary lifestyle has resulted in a rising number of chronic diseases, which is expected to propel the product demand. The omega-3 fatty acids aid in decreasing the risk of abnormal heartbeats or arrhythmias, which can even cause sudden death of the patient. It also helps in reducing triglyceride levels, slowing the growth rate of atherosclerotic plaque, and lowering blood pressure levels. Consumers are increasingly shifting to healthier alternatives while adopting preventive care as a necessary tool to help them lead a better lifestyle. Thus, omega 3 supplements are being increasingly consumed as they are a rich source of vitamins, proteins, minerals and render benefits to diseases, such as cancer, asthma, depression, and others.
The U.S. dominated the North America regional market and accounted for a 77.7% share of the revenue in 2020. The American Heart Association (AHA) recommends the consumption of fish to maintain optimum omega 3 levels in the diet. Growing consumer knowledge regarding the product benefits is also boosting the market growth. The rapid socio-economic development has resulted in increased cases of heart diseases, cancer, and diabetes across various segments of the population. Growing health consciousness has resulted in consumers preferring dietary supplements, such as omega 3, which promotes heart health, helps in maintaining optimum health of the infant, aids in cancer prevention, and offers many other health benefits.
Gather more insights about the market drivers, restrains and growth of the Global Omega 3 Supplements Market
Brand name, nutritional value, and safety of the products are some of the factors that influence the consumers’ buying decision. Awareness through various forms of media, including electronic and print, about the benefits offered by omega 3-based supplements, is also likely to influence buying behavior. Growth in fish consumption is likely to continue, especially in developing countries. Omega 3 supplements are primarily produced from fish oil. However, uneven capture of fish and growing demand for fish from other application sources reduce their availability at a lower cost, restraining market growth.
The coronavirus pandemic has shifted the focus of customers to a preventive, rather than reactionary mindset. Consumers are increasingly prioritizing immune health, heart health, and overall wellbeing. According to the AHA, stroke survivors and those with heart diseases, including high blood pressure and congenital heart defects, may face an increased risk of complications, if infected by COVID-19. This, in turn, increased the demand for supplements for mitigating the risk of heart failure, thus positively impacting the product sales.
Browse through Grand View Research's Nutraceuticals And Functional Foods Industry Research Reports.
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Omega 3 Supplements Market Segmentation
Grand View Research has segmented the global omega 3 supplements market on the basis of source, form, functionality, end-user, distribution channel, and region:
Omega 3 Supplements Source Outlook (Revenue, USD Million, 2017 - 2028)
• Fish Oil
• Krill Oil
• Algae Oil
• Others
Omega 3 Supplements Form Outlook (Revenue, USD Million, 2017 - 2028)
• Tablets
• Capsules
• Soft Gels
• Others
Omega 3 Supplements Functionality Outlook (Revenue, USD Million, 2017 - 2028)
• Cardiovascular Health
• Brain, Nervous System & Mental Health
• Eye Diseases
• Diabetes
• Others
Omega 3 Supplements End-user Outlook (Revenue, USD Million, 2017 - 2028)
• Adults
• Geriatric
• Pregnant Women
• Children
• Infants
Omega 3 Supplements Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)
• OTC
• Prescribed
Omega 3 Supplements Regional Outlook (Revenue, USD Million, 2017 - 2028)
• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa
Key Companies profiled:
Some prominent players in the Global Omega 3 Supplements Market include
• Nordic Naturals, Inc.
• NutriGold Inc.
• Reckitt Benckiser Group plc
• Pharma Nord B.V
• i-Health, Inc.
• Aker BioMarine AS
• Luhua Biomarine (Shandong) Co., Ltd.
• Pharmavite LLC
• KD Pharma Group
• NOW Foods
• GlaxoSmithKline plc
• Natrol LLC
• Carlson Laboratories
• OmegaBrite
• Optimum Nutrition, Inc.
• VAYA Pharma
• Vital Choice Wild Seafood & Organics, SPC
• Bionova
• The Nature’s Bounty Co.
• Arkopharma
Order a free sample PDF of the Omega 3 Supplements Market Intelligence Study, published by Grand View Research.
Global Omega 3 Supplements Market is anticipated to reach USD 57.07 billion by 2025 owing to the growing application along with increasing demand from the infant formula.
Omega 3 supplements (also known as ω-3 fatty acids or n-3 fatty acids) are combination of polyunsaturated fatty acids that are important for multiple functions in human body.
The rising opportunities from the sports nutrition market owing to growing preference for leading an active lifestyle along with rising awareness for about omega 3 benefits are projected to play major role in the growth of omega 3 supplements industry.Omega 3 supplement market is categorized on the basis of product type, source, application and geography.
The key omega 3 supplements industry players profiled here comprise Omega Protein Corporation, Royal DSM, FMC Corporation, Croda International Plc, Cargill Incorporated, OLVEA Fish Oils, GC Rieber Oils, Polaris, LuhuaBiomarine (Shandong) Co., Ltd., and Pharma Marine AS.Market Segment:Omega 3 Supplements Source Outlook (Revenue, USD Million, 2014 - 2025)Fish OilAnchovySardineSalmonTunaCod LiverOthersKrill OilOthersOmega 3 Supplements Application Outlook (Revenue, USD Million, 2014 - 2025)Infant FormulaFood & BeveragesNutritional SupplementPharmaceuticalPet & Animal FeedClinical NutritionOmega 3 Supplements Regional Outlook (Revenue, USD Million, 2014 - 2025)North AmericaU.S.CanadaEuropeGermanyUKSpainItalyAsia PacificChinaJapanIndiaCentral & South AmericaBrazilMiddle East & AfricaBrowse Full Research Report with TOC @ https://www.millioninsights.com/industry-reports/omega-3-supplement-marketTable of ContentsChapter 1.
List of data sourcesChapter 2.
Omega-3 Supplements Market Variables, Trends & Scope 3.1.
Global Omega 3 Supplements Market is anticipated to reach USD 57.07 billion by 2025 owing to the growing application along with increasing demand from the infant formula.
Omega 3 supplements (also known as ω-3 fatty acids or n-3 fatty acids) are combination of polyunsaturated fatty acids that are important for multiple functions in human body.
Few types of omega 3 supplements are found in food products like shellfish and fatty fish, others are observed in vegetable oils and rest are found in dietary supplements.Omega 3 supplements are also linked to healthy aging throughout life.
Recently researched, EPA and DHA (eicosapentaenoic acid and docosahexaenoic acid) are being associated with fetal development, Alzheimer’s disease, and cardiovascular function.
Human body is unable to produce omega 3 supplements from the marine sources and therefore it becomes necessary to obtain high amount of protein through fish-oil and fish products.
EPA and DHA are not only essential for the fetal development but also necessary for neuronal, immune and retinal function.Request a Free Sample Copy of Omega 3 Supplements Market Report @ https://www.millioninsights.com/industry-reports/omega-3-supplement-market/request-sample Rising environmental pollutants that are affecting the marine life are the reason for the increased production cost of products.
The Global Omega-3 Supplements Market report offers key information about the industry, helpful and important facts and figures, expert opinions, and the latest developments across the world.
The research report represents a comprehensive presumption of the market and encloses imperative future estimations, industry-authenticated figures, and facts of the global market.
Further, the study additionally caters the in-depth statistics about the crucial elements which includes drivers & restraining factors that defines future growth outlook of the market.
The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.Company profile section of players such as Nutrigold Inc, Reckitt Benckiser Group plc, Nordic Naturals Inc, Pharma Nord B.V, Now Foods, I Health Inc, Aker BioMarine AS, Pharmavite LLC, Cederroth AB, Glaxosmithkline PLC, Carlson Laboratories, Dr C's Omega 3's, Jarrow Formulas, Terra-Medica, Tranquility Labs LLC, Coromega includes its basic information like legal name, website, headquarters, its market position, historical background and top 5 closest competitors by Market capitalization / revenue along with contact information.
Each player/ manufacturer revenue figures, growth rate and gross profit margin is provided in easy to understand tabular format for past 5 years and a separate section on recent development like mergers, acquisition or any new product/service launch etc.Analysis of COVID-19 Impact & Post Pandemic Opportunities in Omega-3 Supplements Market:The episode of COVID-19 has brought along a worldwide downturn, which has affected a few businesses.
Coronavirus sway investigation additionally covers key changes for Tier 1, 2 and 3 players of Omega-3 Supplements market.Regional Insights :The research covers the current market size of the [Global Omega-3 Supplements Market Research Report 2021] and its growth rates based on 5 year history data.
