The global Omega 3 Supplements market size is expected to be worth around US$ 9.90 billion by 2028, according to a new report by Vision Research Reports.
The global Omega 3 Supplements market size was valued at US$ 5.20 billion in 2020 and is anticipated to grow at a CAGR of 8.6% during forecast period 2021 to 2028.
The demand for omega-3 supplements is projected to be driven by the growing adoption of the product to fulfill the daily nutritional requirements and maintain optimum health of organs by the geriatric population in developed economies, such as the U.S., Canada, the U.K., and France.
Furthermore, the outbreak of COVID-19 from the beginning of 2020 led to increased consumer awareness regarding the significance of immunity and immunity-boosting products, which is expected to fuel the demand for various omega fatty acids products. Increasing incorporation of products in gummies form with novel flavor is expected to increase product penetration among children in the coming years.
Docosahexaenoic acid (DHA) is an omega-3 fatty acid comprising of over 93.0% of omega-3 fats in the retina and 97.0% in the human brain. Rising demand for DHA supplements for pregnant ladies owing to lack of adequate DHA in the diet is expected to drive the market. Additionally, increasing demand for omega-3 DHA rich supplements from non-lactating mothers is expected to propel the product demand over the forecast period.
Fish oil-based supplements led the market and accounted for more than 63.03% share of the global revenue in 2020. is a traditional source of omega 3. Traditionally, COD liver-based fish oil has been utilized to treat problems, such as pain in joints, and for the betterment of the eyes. The availability of various types of fish, which contain different vitamins and human body essentials, is facilitating the omega 3 supplement manufacturers to offer diversified products.
Increasing environmental, metal, & hazardous pollutants in fish are making them toxic for utilization, which is expected to restrain the growth of the segment. Furthermore, increasing regulations on the fishing activities in order to protect the fish species are expected to hamper the raw material supply for the industry.
Soft gels led the market with more than 41.03% share of the global revenue in 2020. Soft gels are an oral dosage form of omega 3 supplements that consist of a gelatin-based shell surrounding a liquid fill. Soft gels are easier to swallow as compared to tablets and capsules as they do not have an unpleasant odor and are tasteless. Enhanced absorption and bioavailability offered by them, which results in fast disintegration, immediate nutrient delivery, and quicker action, are the key factors driving their demand.
These supplements, derived from fish oil and others, have bad taste, aroma, and odor and can be easily delivered with soft gel form. Apart from omega 3 supplements, other dietary supplements including vitamin A, vitamin D3, vitamin E, carotenoids, lycopene, and omega-3 fatty acids are also offered in soft gel form. The application of soft gels is projected to witness significant growth owing to their smooth texture and taste masking capabilities.
Capsules are shells or containers made up of gelatin, which contain powder or spheroid form drugs inside them. Moreover, apart from gelatin, which is an animal-derived casing material, plant-derived casing materials including hydroxypropyl methylcellulose and polysaccharide matrix are also utilized for making capsules. Plant-based casing materials are expected to witness a considerable demand due to the growing vegan population across the globe.
Furthermore, gummies, similar to candies, are a chewable form of omega 3 supplements that are enriched with nutrients. These were initially formulated for adults and children unwilling to take pills but later became popular among other end users as a result of their easy assimilation and visual appeal. Moreover, the gummy form of the product is convenient to take and is filled with high quantities of nutrients.
Cardiovascular health led the market and accounted for more than 37.03% share of the global revenue in 2020. Concerning cardiovascular disease prevention, omega 3 fatty acids help maintain good HDL cholesterol, stabilize heart rhythms, reduce harmful LDL cholesterol in the blood, and lower blood pressure. All these health benefits are expected to drive their demand in the cardiovascular health segment.
The brain, nervous system, and mental health segment is expected to emerge as a significantly growing segment over the forecast period. According to the WHO, about 50 million people worldwide suffer from epilepsy, making it a major health concern. Furthermore, depression has affected about 322 million in 2017 in the U.S.
The over-the-counter (OTC) distribution channel segment led the market and accounted for more than 76.03% share of the global revenue in 2020. Initiatives related to the introduction of favorable policies, along with the infrastructural development in the healthcare sector by most governments worldwide, are projected to influence the expansion and popularity of omega 3 supplements through the OTC channel.
The adult segment led the market and accounted for more than 43.03% share of the global revenue in 2020. Growing consumption of omega 3 supplements among working individuals to maintain a healthy lifestyle is projected to remain a key driving factor for the segment. Furthermore, rising awareness regarding healthy diet among working individuals and sports athletes to maintain the nutritional balance in their bodies is expected to expand the scope of omega 3 supplements over the forecast period.
The children segment is expected to witness significant growth over the forecast period owing to the increasing inclination towards optimal disease-free health, high purchasing power, and willingness to spend on health and wellness products. Besides, growing concerns of eye health among children are likely to favor the segment growth in the coming years.
The risk of developing lifestyle diseases, such as diabetes, Alzheimer’s disease, dementia, and cognitive function, is higher among consumers of this age group, owing to which they rely on omega 3 supplements for disease management. Moreover, owing to the medicinal properties of these supplements, they are used in disease prevention. This ongoing trend of preventive healthcare among the children is expected to fuel the segment growth.
North America dominated the market and accounted for over 37.03% share of the global revenue in 2020. North America has a vast population facing increased obesity levels and lifestyle-related diseases on account of their dietary habits and availability of several processed and ready-to-eat foods, which are not fundamentally benefiting their health. The ‘transitioning face’ of food has evolved into functional foods and supplements, which can provide numerous health benefits beyond basic nutrition.
Asia Pacific is anticipated to witness significant demand for the product in the years to come on account of the rising expenditure on health-enhancing products in the light of physical fitness requirements and increasing sports activities. Other factors contributing to the growth of the Asia Pacific market are rising healthcare costs, increasing cases of mal-digestion, and the growing geriatric population.
Nordic Naturals, Inc.
Reckitt Benckiser Group plc
Pharma Nord B.V
Aker BioMarine AS
Luhua Biomarine (Shandong) Co., Ltd.
KD Pharma Group
Optimum Nutrition, Inc.
Vital Choice Wild Seafood & Organics, SPC
The Nature's Bounty Co.
Brain, Nervous System & Mental Health
Distribution Channel Outlook
Supermarkets/ Hypermarkets/Food Stores
Drug Stores & Pharmacies
Regional Outlook (Revenue, USD Million, 2016 - 2027)
Central & South America
Middle East & Africa
The Omega 3 Supplements market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Omega 3 Supplements market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Omega 3 Supplements market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Omega 3 Supplements market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Omega 3 Supplements market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Omega 3 Supplements capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Omega 3 Supplements by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Omega 3 Supplements market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Omega 3 Supplements market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Omega 3 Supplements market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Omega 3 Supplements industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Omega 3 Supplements market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Omega 3 Supplements market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Omega 3 Supplements market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Omega 3 Supplements market. These factors have benefited the growth of the global market for Omega 3 Supplements. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Omega 3 Supplements. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Omega 3 Supplements are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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