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Omega 3 supplements market Report Scope & Overview:

The Omega 3 supplements market was valued USD 6.60 billion in 2022 and is estimated to reach USD 12.96 billion by 2030. From 2023 to 2030 & grow at a CAGR of 8.8%.

The increased acceptance of omega-3 supplements to meet daily nutritional requirements and maintain optimum organ health by the older population in industrialized economies such as the United States, Germany, United Kingdom, and France is expected to fuel demand. The worldwide omega-3 supplements market is being driven by rising end-user demand and rising consumer knowledge about healthy eating and the health advantages of omega-3. The sector is made up of two segments: -3 fatty acids and n-3 fatty acids, both of which contribute considerably to the size of the omega 3 fatty acids market. However, high costs and strict regulatory restrictions are likely to stifle industry growth. Furthermore, compared to the saturated markets of North America and Europe, Asia-Pacific is expected to rise significantly.

Omega 3 supplements Market Revenue Analysis

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Due to the low cost of vegetal sources such as vegetable oil, nuts and seeds, and soya products, the market share of omega-3 fish oil is predicted to decline.

MARKET DYNAMICS: 

KEY DRIVERS:

  • Chronic disease awareness is growing.

  • Increased attention to cognitive development

RESTRAINTS: 

  • Lack of consumer understanding of the daily recommended consumption

OPPORTUNITIES:

  • Product Development

IMPACT OF COVID-19: 

Customers' attention has moved from reaction to prevention as a result of the corona virus outbreak.Consumers are placing a greater emphasis on immune health, heart health, and overall well-being. If infected with COVID-19, stroke survivors and people with cardiac problems such as high blood pressure and congenital heart defects may have an increased risk of consequences, according to the American Heart Association. As a result, demand for supplements to reduce the risk of heart failure grew, positively boosting product sales.

MARKET ESTIMATION: 

Global omega-3 supplements market is divided into four categories based on type, source, application, and location. The market is divided into three types of omega-3 acids: ALA (alpha-linolenic acid), DHA (docosahexaenoic acid), and EPA (eicosapentaenoic acid) (eicosapentaenoic acid). In 2021, DHA dominated the overall market, accounting for more than three-quarters of revenue, while the ALA and EPA combined accounted for one-fourth of revenue. With a CAGR of 8.8% from 2021 ALA is the fastest rising form of omega-3. Omega-3 is also categorized according to its sources, which include marine, nuts and seeds, vegetable oils, and soy and soy products.

The market is further divided into dietary supplements, medicines, infant formulae, food & drinks, pet food, and fish feed based on Omega-3 uses. The market for Omega-3 supplements is a significant element of the global industry. Pharmaceutical application is growing at a rapid pace with a CAGR of 15% from 2021 to 2028. The global market is divided into four regions: North America, Europe, Asia-Pacific, and Latin America and the Caribbean. North America is the largest market region, accounting for more than one-third of total revenue in 2020, followed by Asia-Pacific and Europe.

KEY MARKET SEGMENTS:

By Source Type

By Application Type

  • Food & beverage
  • Nutraceutical supplement
  • Pharmaceutical
  • Infant formula
  • Others

By End-User  

  • Adults
  • Geriatric
  • Pregnant Women
  • Children
  • Infants

Omega 3 supplements Market Segmentation Analysis

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REGIONAL ANALYSIS:

In 2020, North America dominated the market, accounting for 37.7% of worldwide sales. Obesity and lifestyle-related disorders are on the rise as a result of poor eating habits and the widespread availability of processed and ready-to-eat (RTE) foods. According to a study conducted by the New York State Government in March 2019, around 610,000 Americans die each year from heart disease.

In North America, coronary heart disease (CHD) is the leading cause of death for both men and women, making cardiovascular health one of the most important applications of omega 3 supplements. Food has evolved into functional foods and supplements, which can provide several health benefits in addition to basic sustenance.

As a result, items containing omega fatty acids, such as fortified meals and dietary supplements, are projected to be in high demand in the regional market. Due to increased sporting activities, Asia Pacific is expected to see considerable growth due to higher expenditure on health-enhancing items.Increased malnutrition rates and an ageing population are also contributing to the increase.

REGIONAL COVERAGE:

  • North America
    • USA
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • The Netherlands
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • south Korea
    • China
    • India
    • Australia
    • Rest of Asia-Pacific
  • The Middle East & Africa
    • Israel
    • UAE
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Key Market Players

The key players are 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 and Other Players.

NutriGold Inc-Company Financial Analysis

Omega 3 Supplements Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 6.60 Billion
Market Size by 2030  US$ 12.96 Billion
CAGR  CAGR of 8.8% From 2023 to 2030
Base Year  2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Source Type (Fish Oil, Krill Oil, Algae Oil)
• By Application Type (Food & beverage, Nutraceutical supplement, Pharmaceutical, Infant formula)
• By End User (Adults, Geriatric, Pregnant Women, Children, Infants)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles 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
DRIVERS • Chronic disease awareness is growing.
• Increased attention to cognitive development
Restraints • Lack of consumer understanding of the daily recommended consumption

Frequently Asked Questions

Ans: The Omega 3 supplements market is predicted to grow at a CAGR of 8.8% over the forecast period 2023-2030.

Ans: - The Omega 3 supplements Market size was valued at US$ 6.60 Bn in 2022.

North America is the most known region.

Yes, a data validation process is followed in this report.

Geriatric, Pregnant Women, and Children these are the end-users of omega 3 supplements market

Table of Contents

1. Introduction

1.1 Market Definition 

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Omega 3 supplements market  Segmentation, by source type 

8.1 Fish Oil

8.2 Krill Oil

8.3 Algae Oil

8.4 Others 

9. Omega 3 supplements market Segmentation, by application type

9.1 Food & beverage

9.2 Nutraceutical supplement

9.3 Pharmaceutical

9.4 Infant formula

9.5 Others

10. Omega 3 supplements market  Segmentation, By end user type

10.1 Adults

10.2 Geriatric

10.3 Pregnant Women

10.4 Children

10.5 Infants

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2    Canada

11.2.3    Mexico

11.3    Europe

11.3.1    Germany

11.3.2    UK

11.3.3    France

11.3.4    Italy

11.3.5    Spain

11.3.6    The Netherlands

11.3.7    Rest of Europe

11.4    Asia-Pacific

11.4.1    Japan

11.4.2    South Korea

11.4.3    China

11.4.4    India

11.4.5    Australia

11.4.6    Rest of Asia-Pacific

11.5    The Middle East & Africa

11.5.1    Israel

11.5.2    UAE

11.5.3    South Africa

11.5.4    Rest

11.6    Latin America

11.6.1    Brazil

11.6.2    Argentina

11.6.3    Rest of Latin America

12. Company Profiles

12.1 Nordic Naturals

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2  NutriGold Inc. 

12.3 Reckitt Benckiser Group plc

12.5 Pharma Nord B.V

12.5 i-Health, Inc

12.6 Aker BioMarine AS

12.7 Luhua Biomarine (Shandong) Co., Ltd

12.8 Pharmavite LLC

12.9 KD Pharma Group

12.10 NOW Foods

12.11GlaxoSmithKline plc

12.12  Natrol LLC

12.13 Carlson Laboratories

12.14 OmegaBrite

12.13 Optimum Nutrition, Inc.

12.16 VAYA Pharma

12.17 Vital Choice Wild Seafood & Organics

12.18 SPC

12.19 Bionova,

12.20 The Nature’s Bounty Co.

12.21 Arkopharma

13. Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share Analysis

13.3 Recent Developments

14. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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