The new report by Expert Market Research titled, ‘Global Omega 3 Supplements Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global omega 3 supplements market, assessing the market based on its segments like sources, forms, functionalities, end users, distribution channels, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 8.5%
The omega 3 supplements market is being driven by the growing demand for omega 3 supplements among pregnant women. Derivatives of omega 3, such as the fish oil are very useful for pregnant women, as the DHA present in it helps in the development of eyes and brain of the baby. In addition, omega-3 fatty acids also help in avoiding premature births and miscarriage, while the EPA and DHA present in the supplement help pregnant women to avoid depression and anxiety.
Over the forecast period, the changing consumer preference towards leading a healthy lifestyle is anticipated to be a driving factor in the market growth, as omega 3 supplements are rich in vitamin A, D and E.
Industry Definition and Major Segments
Omega 3 supplement is defined as the dietary supplement which contains concentrated amounts of omega-3 fatty acids. These supplements can be consumed in the form of tablet, pill, and soft gel, among others.
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Based on source, the market is divided into:
- Fish Oil
- Krill Oil
- Algae Oil
The various forms of omega 3 supplements include:
- Soft Gels
On the basis of functionality, the market is segmented into:
- Cardiovascular Health
- Brain, Nervous System, and Mental Health
- Eye Diseases
The significant end users of omega 3 supplements are:
- Pregnant Women
The major distribution channels of the product are:
The regional markets for omega 3 supplements include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The development of new delivery platforms, along with the growing commercial availability of omega 3 supplements is likely to be a major trend driving the market growth in the forecast period. For instance, global biotech innovator Aker BioMarine launched LYSOVETA, a new delivery platform based on LPC-bound EPA and DHA derived from krill.
Such developments are likely to provide lucrative growth opportunities for omega 3 supplements market in the forecast period. In terms of region, North America is anticipated to witness a significant growth in the forecast period owing to the rising geriatric population and their requirement for essential dietary supplements to prevent heart-related diseases.
Key Market Players
The major players in the market are NutriGold Inc., Pharma Nord B.V., Luhua Biomarine (Shandong) Co., Ltd., Aker BioMarine ASA, KD Pharma Group SA, and Nordic Naturals, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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