The global omega 3 supplements market size reached US$ 7.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.6 Billion by 2028, exhibiting a growth rate (CAGR) of 8% during 2023-2028.
Omega-3 fatty acids are essential fats found naturally in foods like fish, vegetable oils, nuts, flax seeds, flaxseed oil, and leafy vegetables. They play a pivotal role in the cell membranes of the body for affecting the functions of cell receptors. Their deficiency can lead to dry and irritated skin, inflammation, dry eyes, depression, and arthritis. As a result, there is a rise in the need for over the counter (OTC) omega-3 supplements to help boost the omega-3 levels in the body. These supplements generally contain different forms of omega-3s, including natural triglycerides, free fatty acids, ethyl esters, re-esterified triglycerides, and phospholipids.
Omega 3 Supplements Market Trends:
A significant rise in the number of individuals suffering from omega-3 deficiency represents one of the key factors bolstering the market growth. Moreover, omega-3 fatty acids play an essential role in improving cardiovascular health and enhancing communication between brain cells. Therefore, the increasing prevalence of heart diseases and the growing consumer inclination towards cognitive health are contributing to the market growth. Apart from this, the rising awareness about the benefits of including omega-3 fatty acids in the diet for reducing the risk of blood clots, keeping the lining of the arteries smooth and free from damage, and lowering triglyceride levels is also driving the market. Furthermore, some of these supplements made from fish oil are considered nonvitamin and nonmineral natural products, which makes them a popular choice among children and adults. Besides this, manufacturers are offering sustainably sourced plant-based variants to cater to the dietary requirements of omega-3 among the vegan population. This, along with the emerging trend of veganism, is anticipated to propel market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global omega 3 supplementsmarket report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on source, form, functionality, distribution channel and end user.
Breakup by Source:
Breakup by Form:
Breakup by Functionality:
Brain, Nervous System and Mental Health
Breakup by Distribution Channel:
Breakup by End User:
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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., OmegaBrite, Optimum Nutrition Inc. (Glanbia Performance Nutrition Inc.), Pharma Nord and The Bountiful Company.
Base Year of the Analysis
Source, Form, Functionality, Distribution Channel, End User, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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., OmegaBrite, Optimum Nutrition Inc. (Glanbia Performance Nutrition Inc.), Pharma Nord and The Bountiful Company
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Key Questions Answered in This Report
The global omega 3 supplements market was valued at US$
7.3 Billion in 2022.
We expect the global omega 3 supplements market to exhibit a CAGR of
8% during 2023-2028.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of omega 3 supplements.
The rising awareness towards the numerous associated benefits of omega-3 fatty acids in reducing the risk of blood clots, keeping the lining of the arteries smooth and free from damage, and lowering triglyceride levels, is primarily driving the global omega 3 supplements market.
Based on the source, the global omega 3 supplements market can be segmented into fish oil, krill oil, algae oil, and others. Currently, fish oil holds the majority of the total market share.
Based on the form, the global omega 3 supplements market has been divided into tablets, capsules, soft gels, and others. Among these, soft gels currently exhibit a clear dominance in the market.
Based on the functionality, the global omega 3 supplements market can be categorized into cardiovascular health, brain, nervous system and mental health, eye diseases, diabetes, and others. Currently, cardiovascular health accounts for the majority of the global market share.
Based on the distribution channel, the global omega 3 supplements market has been segregated into OTC and prescribed, where OTC currently holds the largest market share.
Based on the end user, the global omega 3 supplements market can be bifurcated into adults, geriatric, pregnant women, children, and infants. Currently, adults exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global omega 3 supplements market include 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., OmegaBrite, Optimum Nutrition Inc. (Glanbia Performance Nutrition Inc.), Pharma Nord, and The Bountiful Company.
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