IMARC Group, a leading market research company, has recently releases report titled “Omega 3 Supplements Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global omega 3 supplements market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the omega 3 supplements market?
|Market Size in 2022||US$ 7.3 Billion|
|Market Forecast in 2028||US$ 11.6 Billion|
|Growth rate (2023 to 2028)||CAGR of 8%|
|Base Year of the Analysis||2022|
What is omega 3 supplements?
Omega 3 fatty acids are essential fats found naturally in food items, such as fish, vegetable oils, nuts, flax seeds, and leafy vegetables. They ensure proper structural maintenance and functioning of the nervous and cardiovascular systems by providing adequate energy to the body. They play a vital role in the development and maintenance of brain cells. Besides this, including omega 3 supplements in the diet helps prevent rheumatoid arthritis, slows down the progression of age-related muscular degradation, and reduces levels of triglycerides. As a result, omega 3 supplements are gaining immense traction across the globe, especially among fitness enthusiasts.
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What are the growth prospects and trends in the omega 3 supplements industry?
The increasing prevalence of heart disease and a significant rise in omega 3 fatty acid deficiency among individuals due to changing dietary patterns represent one of the key factors positively influencing the market. The omega 3 fatty acid rich diet improves the conditioning effect on brain health, eyes, and the blood circulatory system of the body. On account of this, they are increasingly being used in dietary supplements, pharmaceuticals, infant formulas, food and beverages (F&B), pet food, and fish food, which is catalyzing their demand in the market. Apart from this, the growing consumer focus on living a healthy lifestyle and increasing awareness about the benefits of omega 3 supplements are driving the market. Furthermore, suboptimal nutrient intake due to food insecurity and poor diet quality are increasing the frequency of strokes, depression, Alzheimer’s disease, and other conditions affecting the brain, nervous system, and mental health. This is increasing the sales of omega 3 supplements in the market. Besides this, omega 3 fatty acids play an essential role in fetal growth and development. Therefore, there is a rise in the consumption of these supplements throughout pregnancy, which is encouraging manufacturers to focus on maintaining the quality of these supplements and expanding their market base. Additionally, omega 3 fatty acids are beneficial for the overall well-being of dogs. They help strengthen their immune system, reduce inflammation and increase their ability to fight against diseases. Moreover, the easy availability of these supplements online and in retail outlets, coupled with doorstep delivery and secured payment gateways, is strengthening the growth of the market. In line with the rising demand for plant-based supplements among consumers is compelling investors to provide sustainably sourced plant-based variants.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Source:
- Fish Oil
- Krill Oil
- Algae Oil
Breakup by Form:
- Soft Gels
Breakup by Functionality:
- Cardiovascular Health
- Brain, Nervous System and Mental Health
- Eye Diseases
Breakup by Distribution Channel:
Breakup by End User:
- Pregnant Women
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 1-800-Flowers.com Inc.
- Aker BioMarine ASA
- Carlson Labs
- Green Pasture Products LLC
- KD Pharma Group
- Natrol LLC
- Nordic Naturals Inc
- Now Foods
- NutriGold Inc.
- Optimum Nutrition Inc.
- Pharma Nord
- The Bountiful Company.
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