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Monday, October 25, 2021

Global Omega 3 Supplements Market to be Driven by the Increasing Health Concerns in the Forecast Period of 2021-2026

 The new report by Expert Market Research titled, ‘Global Omega 3 Supplements Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global omega 3 supplements market, assessing the market based on its segments like source, form, functionality, end user, distribution channel, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 5.6 Billion
  • Forecast CAGR (2021-2026): 5%
  • Forecast Market Size (2026): USD 9.20 Billion

Consumers are increasingly shifting to healthier alternatives while adopting preventive care as a necessary tool to help them lead a better lifestyle. Thus, omega 3 supplements are being increasingly consumed as they are a rich source of vitamins, proteins, minerals and render benefits to diseases, such as cancer, asthma, depression, and others. A sedentary lifestyle has resulted in a rising number of chronic diseases, which is expected to propel the product demand. Customers' attention has moved from reaction to prevention as a result of the COVID-19 pandemic. Consumers are increasingly prioritising immune health, heart health, and overall wellbeing. This, in turn, increased the demand for supplements for mitigating the risk of heart failure, thus positively impacting the product sales. The rising consumer inclination towards plant-based alternatives is expected to drive the demand for algae oil-based supplements.

Industry Definition and Major Segments

A dietary supplement containing omega 3 fatty acids is known as an omega 3 supplement. The supplement has a lot of health benefits and is available in a variety of forms, including tablets, capsules, and pills.

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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

On the basis of region, the industry is divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

With the increased cases of age-related macular degeneration (AMD), which might worsen after the age of 60, the geriatric population is expected to account for a large share. Omega 3 supplements can successfully treat AMD, which is expected to drive demand for the product in the forecast future. The population explosion is expected to drive demand for fish oil, which includes concentrated omega-3 fatty acids, over the predicted period. The benefits of omega 3-based supplements are likely to affect purchasing behaviour if they are made known through multiple forms of media, including electronic and print. Also, the growing vegan population, coupled with rising consumer awareness regarding the product benefits, is expected to boost the market growth. Initiatives aimed at enacting favourable regulations, and infrastructure development in the healthcare sector by most governments across the world, are expected to have an impact on the growth and popularity of omega 3 supplements.

Key Market Players

The major players in the market are NutriGold Inc., Pharma Nord B.V., Luhua Biomarine (Shandong) Co., Ltd., Aker BioMarine ASA, KD Pharma Group SA, and Nordic Naturals, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: EMR Inc.
Contact Person:-Ian Bell, Business Consultant
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**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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