Global Omega 3 Supplements Market Report and Forecast 2024-2032

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Rising Demand for Fish Oil and Algae Oil to Bolster the Growth of the Omega 3 Supplements Industry

Based on source, the fish oil segment accounts for the largest share in the market and is anticipated to maintain its dominance in the forecast period as well. This can be attributed to the various benefits offered by fish oil. Fish oil supplements can be consumed regularly, which can lead to the reduction of blood triglycerides, relieve inflammation, and help tackle various problems, including infertility. Over the forecast period, the population explosion is likely to propel the demand for fish oil as it contains omega-3 fatty acids in concentrated form. Meanwhile, the algae oil segment is anticipated to attain a significant growth rate in the forecast period owing to the rising inclination of consumers towards plant-based alternatives and the growing trend of veganism.

North America Accounts for a Significant Share in the Market

North America accounts for a significant share in the market and is anticipated to attain a considerable growth rate in the forecast period owing to the increasing health consciousness among consumers. The increased efforts by organisations like the American Heart Association towards spreading awareness about the benefits of omega-3 consumption to combat health issues like obesity, heart-related disorders, and depression are aiding the market. In addition, the growing prevalence of coronary heart diseases in the United States is likely to propel the demand for omega 3 supplements in the forecast period.

Omega 3 Supplements: Market Segmentation

Omega 3 supplement is defined as a dietary supplement that contains omega 3 fatty acids. The supplement comes with a number of health benefits and can be consumed in the form of tablets, capsules, and pills, among others.

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Based on source, the market is divided into:

• Fish Oil
• Krill Oil
• Algae Oil
• Others

The various forms of omega 3 supplements include:

• Tablets
• Capsules
• Soft Gels
• Others

On the basis of functionality, the market is segmented into:

• Cardiovascular Health
• Brain, Nervous System, and Mental Health
• Eye Diseases
• Diabetes
• Others

The significant end users of omega 3 supplements are:

• Adults
• Geriatric
• Pregnant Women
• Children
• Infants

The major distribution channels of the product include:

• OTC
• Prescribed

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increasing Health Concerns and the Rising Cases of Chronic Diseases to Boost the Growth of the Omega 3 Supplements Industry

The global omega 3 supplements industry is driven by the increasing health consciousness among consumers, which has enhanced the demand for dietary supplements globally. In addition, the growing prevalence of chronic diseases such as strokes, arthritis, cancer, and coronary heart diseases especially among geriatrics and adults is also aiding the market. Among the end users, the geriatric population is anticipated to account for a significant share owing to the rising cases of age-related macular degeneration (AMD) that may get worse over the age of 60. AMD can be effectively countered with omega 3 supplements, which is likely to propel the demand for the product in the forecast period.

Key Industry Players in the Global Omega 3 Supplements Market

The report gives a detailed analysis of the following key players in the global omega 3 supplements market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• NutriGold Inc.
• Pharma Nord B.V.
• Luhua Biomarine (Shandong) Co., Ltd.
• Aker BioMarine ASA
• KD Pharma Group SA
• Nordic Naturals, Inc.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report