The global omega 3 supplements market size is expected to be worth around US$ 15.20 billion by 2030, according to a new report by Vision Research Reports.
The global omega 3 supplements market size was valued at US$ 6.50 billion in 2020 and is anticipated to grow at a CAGR of 9.6% during forecast period 2021 to 2030.
|Market Size||US$ 15.20 Bn by 2030|
|Growth Rate||CAGR of 9.6% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Source, form, functionality, end user, distribution channel|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||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|
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.
By Source Analysis
Fish oil-based supplements led the market and accounted for more than 64.1% share of the global revenue in 2020. The availability of various types of fish, which contain different vitamins, is propelling 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.
increasing regulations on fishing activities to protect the fish species are expected to affect the raw material supply for the industry. The rising consumer inclination towards plant-based alternatives is expected to drive the demand for algae oil-based supplements.
By Form Analysis
Soft gels led the form segment with a share of 42.3% in the global market in 2020. Soft gels are an oral dosage form that consists 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.
Apart from omega-3 supplements, other dietary supplements including vitamin A, D3, & 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.
Plant-based casing materials are expected to witness a considerable demand due to the growing vegan population across the globe. Gummies, similar to candies, are a chewable form of omega-3 supplements that are enriched with nutrients.
By Functionality Analysis
Cardiovascular health led the market and accounted for a 38.4% share of the global revenue in 2020. Concerning cardiovascular disease prevention, omega-3 fatty acids help maintain HDL cholesterol, stabilize heart rhythms, reduce harmful LDL cholesterol, and lower blood pressure. All these health benefits are expected to drive the product demand in the cardiovascular health segment.
This trend is expected to drive the product demand for the treatment of coronary heart diseases, hypertension, and cholesterol. The brain, nervous system, and mental health segment is expected to register the second-fastest CAGR over the forecast period.
By Distribution Channel Analysis
The Over-The-Counter (OTC) distribution channel segment led the market and accounted for a 75.9% 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 cost-effectiveness and convenience of direct purchase are expected to create various opportunities for product manufacturers. Strict regulations by the governing bodies and less awareness among individuals are expected to augment the product sales through the prescribed distribution channel.
By End-user Analysis
The adult end-user segment accounted for the highest revenue share of over 43% 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.
The children segment is expected to witness significant growth owing to the increasing inclination towards maintaining optimal health along with high purchasing power and willingness to spend on health and wellness products.
By Regional Analysis
North America dominated the market and accounted for 37.7% share of the global revenue in 2020. Increased cases of obesity and lifestyle-related diseases on account of unhealthy dietary habits and availability of several processed and Ready-To-Eat (RTE) foods.
Cardiovascular health is one of the primary application segments of omega 3 supplements as Coronary Heart Disease (CHD) is a primary cause of death among several men and women in North America.
products, such as fortified foods and dietary supplements enriched with omega fatty acids, are expected to have a high demand in the regional market. Asia Pacific is anticipated to witness significant growth on account of the rising expenditure on health-enhancing products due to increasing sports activities.
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
By Distribution Channel
Supermarkets/ Hypermarkets/Food Stores
Drug Stores & Pharmacies
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 2030. 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 2030. 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.
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.
The study objectives of this report are:
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