IMARC Group’s report titled “Omega 3 Supplements Market Report by Source (Fish Oil, Krill Oil, Algae Oil, and Others), Form (Tablets, Capsules, Soft Gels, and Others), Functionality (Cardiovascular Health, Brain, Nervous System and Mental Health, Eye Diseases, Diabetes, and Others), Distribution Channel (OTC, Prescribed), End User (Adults, Geriatric, Pregnant Women, Children, Infants), and Region 2024-2032“. The global omega 3 supplements market size reached USD 7.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 14.7 Billion by 2032, exhibiting a growth rate (CAGR) of 7.06% during 2024-2032.
Factors Affecting the Growth of Omega 3 Supplements Industry:
- Growing Awareness about Health Benefits:
A significant factor propelling the global market for Omega-3 supplements is the increasing awareness of the numerous health benefits associated with these vital fatty acids. Predominantly found in fish oil, flaxseed oil, and various nuts and seeds, Omega-3s have gained considerable recognition for their favorable impact on overall health. The two main types of Omega-3s, eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), have been the subject of extensive research, demonstrating a variety of advantages, such as a decreased risk of cardiovascular diseases, reduced triglyceride levels, and improved cognitive abilities and memory. Additionally, the anti-inflammatory characteristics of Omega-3s present a promising option for individuals dealing with ailments like rheumatoid arthritis.
- Expanding Aging Population:
The swift increase in the global aging population significantly contributes to the expansion of the Omega-3 supplements market. As individuals age, they become more susceptible to a range of health issues, such as cardiovascular diseases, cognitive decline, and joint problems. Research indicates that Omega-3 fatty acids can mitigate some of these health challenges associated with aging. For instance, they have been shown to enhance cardiovascular health by reducing the likelihood of heart disease, which is a primary concern for the elderly. Furthermore, studies imply that Omega-3s may aid in preserving cognitive abilities in older adults, potentially lowering the risk of age-related mental deterioration, including disorders like Alzheimer’s disease. The aspiration of seniors to sustain their health and well-being has resulted in a notable increase in the demand for Omega-3 supplements, with many individuals integrating them into their daily health regimens as a preventive strategy, thereby propelling market growth.
- Increasing Prevalence of Chronic Diseases:
The rising prevalence of chronic diseases worldwide significantly contributes to the expansion of the Omega-3 supplements market. Conditions such as diabetes, obesity, and cardiovascular diseases have become increasingly common, leading to considerable health challenges. Research indicates that Omega-3 fatty acids may play a role in the management and prevention of several chronic conditions. They are known to improve insulin sensitivity and mitigate inflammation, both of which are vital for controlling diabetes and obesity. Additionally, the cardiovascular benefits associated with Omega-3s, including the reduction of blood pressure and triglyceride levels, render them particularly attractive to individuals at risk for heart-related ailments. As chronic diseases exert pressure on healthcare systems and individuals alike, a growing number of people are integrating Omega-3 supplements into their health management strategies. The rising interest in natural and effective solutions for addressing chronic diseases has further fueled the growth of the Omega-3 supplements market.
Leading Companies Operating in the Global Omega 3 Supplements Industry:
- 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 a
- The Bountiful Company.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/omega-3-supplements-market/requestsample
Omega 3 Supplements Market Report Segmentation:
By Source:
- Fish Oil
- Krill Oil
- Algae Oil
- Others
Fish oil dominates the market due to its abundant availability, high concentration of Omega-3 fatty acids, and well-established reputation for delivering health benefits, making it a preferred choice for consumers seeking Omega-3 supplements.
By Form:
- Tablets
- Capsules
- Soft Gels
- Others
Soft gels hold maximum number of shares due to its advantages, such as ease of swallowing, enhanced absorption of nutrients, and the ability to encapsulate both oil-soluble and water-soluble substances, making it a preferred choice for a wide range of dietary supplements.
By Functionality:
- Cardiovascular Health
- Brain, Nervous System and Mental Health
- Eye Diseases
- Diabetes
- Others
Cardiovascular health represents the largest segment due to the widespread concern and increasing prevalence of heart-related conditions, driving the demand for products and supplements specifically designed to support and improve cardiovascular well-being.
By Distribution Channel:
- OTC
- Prescribed
OTC dominates the market due to the convenience and accessibility it offers to consumers, allowing them to purchase a wide range of products without the need for a prescription or healthcare intervention of the profession.
By End User:
- Adults
- Geriatric
- Pregnant Women
- Children
- Infants
Adults hold the majority of the market share due to their greater purchasing power and the widespread recognition of the health benefits of Omega-3 supplements among this demographic.
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Global Omega-3 Supplements Market Trends:
The transition of the retail sector towards digital platforms has significantly transformed the market for Omega-3 supplements. E-commerce platforms provide consumers with an extensive selection of products, allowing them to conduct research, compare options, and make informed purchasing choices. The surge in online shopping, particularly during the COVID-19 pandemic, has greatly accelerated market growth, facilitating worldwide access to Omega-3 supplements. Additionally, the regulatory landscape for dietary supplements is evolving to ensure product quality and safety. Stricter regulations and quality standards in areas such as North America and Europe have enhanced consumer confidence in Omega-3 supplements, encouraging more individuals to incorporate them into their daily routines and contributing to market expansion as consumers increasingly seek products that adhere to high quality and safety criteria.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145