According to IMARC Group’s latest report, titled “Omega 3 Supplements Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” 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 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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Market Trends
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.
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List of Key Companies Covered in this Market Report:
- 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.
- Pharma Nord
- The Bountiful Company.
Breakup by Source:
- Fish Oil
- Krill Oil
- Algae Oil
- Others
Breakup by Form:
- Tablets
- Capsules
- Soft Gels
- Others
Breakup by Functionality:
- Cardiovascular Health
- Brain, Nervous System and Mental Health
- Eye Diseases
- Diabetes
- Others
Breakup by Distribution Channel:
- OTC
- Prescribed
Breakup by End User:
- Adults
- Geriatric
- Pregnant Women
- Children
- Infants
Breakup by Geography:
- 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
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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