Omega 3 Supplements Market Analysis Report By Source, By Form, By End User, By Functionality, By Distribution Channel And Segment Forecasts From 2020 To 2028

Synopsis

The global omega 3 supplements market was prized at USD 5.58 billion in 2020. It is anticipated to observe 8.6% CAGR from 2020 to 2028.

Drivers

An inactive way of life has caused a growing figure of chronic sicknesses. This is projected to boost the demand for omega 3 supplements. These fatty acids help in lessening the threat of irregular heartbeats or arrhythmias that can still source unexpected demise of the patient. In addition, it assists in dropping triglyceride stages, slowing down the development speed of the atherosclerotic plaque, plus decreasing levels of blood pressure.

The customers are increasingly changing to better options whilst taking on the precautionary care like an essential means to assist them in managing a superior everyday life. Therefore, because they are a heavy resource of minerals, vitamins, proteins, and deliver benefits to sicknesses like depression, cancer, asthma plus others, omega 3 supplements are consumed, gradually more.

Restraints

Particularly in emergent nations, the augmentation in fish utilization is expected to carry on. Mainly, the omega 3 supplements are created from fish oil. But, rising demand for the fish, from additional functional resources and irregular capture of the fish decrease their availability on a lesser price, which is limiting growth of the omega 3 supplements market.

End User Insight

The adult end-user division held the major, more than 43.0% revenue share of the market for omega 3 supplements, in 2020. The increasing expenditure of omega 3 supplements between the working persons, to preserve a fit standard of living is expected to stay a major pushing factor for the division.

Due to the rising preference for retaining best possible physical condition together with the elevated purchasing capacity as well as readiness to pay out for wellness and fitness products, the children section is likely to observe large augmentation.

The threat of increasing lifestyle sicknesses for example cognitive function, diabetes, dementia and Alzheimer’s disease, is greater between aged clients, because of which they depend on fitness enhancements used for the administration of sickness. The current movement of the precautionary healthcare between elderly consumers is likely to stimulate the expansion of the division.

Distribution Channel Insight

The Over-The-Counter (OTC) distribution channel section held 75.9% revenue share and dominated the global omega 3 supplements market, in 2020. The proposals about the induction of encouraging system, together with the infrastructural growth in the healthcare division by the majority governments of the world are expected to effect the development, in addition to the recognition of omega 3 supplements by means of the OTC network.

Stringent policies by the governing organizations plus a lesser amount of alertness between the persons are likely to increase the sales of the product via the prescribed distribution means. Rising R&D spending, in addition to financial support from the private along with public sectors is, furthermore, estimated to increase the development of the section.

Functionality Insight

Cardiovascular health division held 37.4% revenue share and led the global omega 3 supplement market, in 2020. Regarding the prevention of cardiovascular complaints, omega-3 fatty acids decrease blood pressure, even out heart beats, reduce damaging LDL cholesterol and assist to retain HDL cholesterol. These entire fitness benefits are likely to propel the demand for the product in the cardiovascular health division. The excessive occurrence of diverse cerebral complaints through the U.S., it is expected to propel the demand for omega 3 supplements, during the near future.

Form Insight

Soft gels form section held 41.3% share and led the global market, in 2020. Soft gels comprise a gelatin sourced case, encasing a fluid fill up, these are the oral dosages. As contrast to capsules and tablets, soft gels are easier to gulp down because they are flavorless plus do not possess an objectionable smell.

Source Insight

Fish oil-based supplements section held above 63.1% revenue and dominated the global market, in 2020. The accessibility of different categories of fish that include diverse vitamins is pushing omega-3 supplement manufacturing companies to present various products. The rising ecologically unsafe impurities in fish are creating them poisonous for the consumption. This is likely to hold back the expansion of the section. The rising directives on fishing actions to defend the fish species are, furthermore, projected to have an effect on the supply of raw material to the manufacturing companies.

The increasing preference of the consumers for plant sourced option is likely to force the demand for algae oil sourced supplements. The rising vegan populaces together with increasing end user alertness about the benefits of the product, is anticipated to increase the expansion of the section.

Regional Insight

In 2020, North America held 37.7% revenue share and led the global omega 3 supplement market. This can be credited to the augmented cases of lifestyle linked sicknesses, along with obesity, because of the accessibility of many Ready-To-Eat (RTE) and processed food items plus the unhealthful nutritional routine. The New York State Government carried out research in March 2019, according to that approximately 610,000 persons expire each year in the U.S., due to the heart complaints.

Since, Coronary Heart Disease (CHD) is a main source of death between a number of women and men in North America, cardiovascular health is single of the principal application sector of omega 3 supplements.

The ‘transitioning face’ of foodstuffs has developed into functional foods, along with the supplements. This is able to offer many fitness benefits further than essential nourishment. Hence, the products like nutritional supplements, and prepared foodstuff enrich by means of omega fatty acids, are likely to contain a greater demand in the local market.

As a result of the growing sports actions, the spending on fitness enhancing foodstuffs is rising; therefore, Asia Pacific is expected to observe the major enlargement. Other factors adding to the development are increasing elderly inhabitants and rising cases of mal-digestion.

The increasing commonness of lifestyle illnesses like, cardiovascular troubles, diabetes, obesity and blood pressure in India, will additionally increase the enlargement of local market. The increasing awareness regarding following a lively daily life is one more factor, pushing the demand for the product. The metropolitan residents having sound disposable earnings in the nation is increasingly choosing for nutritional supplements. This will increase the demand for the product, more.

Companies

The global market is extremely disintegrated. It is differentiated by strong competition. Together the private as well as public limited companies are concentrating on modernization to remain competitive. The public companies are positive in setting off the policies to promote the acceptance of their products, within the global market. Major companies are broadly spending on research & development actions along with facility development, to launch fresh products to achieve a better share of the market.

Some of the companies for omega 3 supplements market are:

• The Nature’s Bounty Co.
• Vital Choice Wild Seafood & Organics, SPC
• Optimum Nutrition, Inc.
• Carlson Laboratories
• Glaxo SmithKline plc
• KD Pharma Group
• Luhua Biomarine (Shandong) Co., Ltd.
• i-Health, Inc.
• Reckitt Benckiser Group plc
• Nordic Naturals, Inc.
• Arkopharma
• Bionova
• VAYA Pharma
• OmegaBrite
• Natrol LLC
• NOW Foods
• Pharmavite LLC
• Aker BioMarine AS
• Pharma Nord B.V
• NutriGold Inc.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Million Insights has segmented the global omega 3 supplements market report on the basis of source, form, functionality, end user, distribution channel, and region:

• Source Outlook (Revenue, USD Million, 2017 - 2028)
    • Fish Oil
    • Krill Oil
    • Algae Oil
    • Others

• Form Outlook (Revenue, USD Million, 2017 - 2028)
    • Tablets
    • Capsules
    • Soft Gels
    • Others

• Functionality Outlook (Revenue, USD Million, 2017 - 2028)
    • Cardiovascular Health
    • Brain, Nervous System & Mental Health
    • Eye Diseases
    • Diabetes
    • Others

• End-user Outlook (Revenue, USD Million, 2017 - 2028)
    • Adults
    • Geriatric
    • Pregnant Women
    • Children
    • Infants

• Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)
    • OTC
        • Supermarkets/ Hypermarkets/Food Stores
        • Drug Stores & Pharmacies
        • Online Retailers
        • Others
    • Prescribed

• Regional Outlook (Revenue, USD Million, 2017 - 2028)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • U.K.
        • France
        • The Netherlands
        • Italy
        • Spain
        • Norway
    • Asia Pacific
        • China
        • India
        • Japan
        • Australia
        • New Zealand
    • Central & South America
        • Brazil
        • Argentina
    • Middle East & Africa
        • UAE