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The omega-3 supplements market is driven by the growing awareness among the geriatrics, adults, and pregnant women about the various advantages offered by the diversified omega-3 supplements. Omega-3 fatty acids, present in the omega-3 supplements, prevents cardiovascular diseases, augments brain development, reduces the risk of cancer, and helps the diabetic patients control their insulin levels, among others. The COVID-19 pandemic is anticipated to be a boon for the omega-3 supplements market, as the product boosts immunity significantly. Therefore, the surge in the need to bolster the immunity of geriatrics and adults is likely to provide impetus to the market growth.
In terms of region, North America is likely to account for a significant share in the market, owing to the growing geriatric population in the region, coupled with the rising cases of chronic diseases in the United States of America and Canada. The growing concerns of the healthcare regulatory bodies in the United States of America, such as the American Heart Association, about the need to prevent heart related diseases is likely to provide impetus to the market growth as omega-3 is an excellent ingredient that bolsters the heart health.
In November 2020, Aker Biomarine ASA (FRA: 1PG) announced the launch of LYSOVETA™, a new delivery platform based on LPC bound EPA and DHA from krill. This breakthrough is significant and is likely to expand the opportunities for large market within the brain, eye, and other important health areas. Hence, the omega-3 supplements market, which is known to bolster brain and eye health, is likely to be augmented, owing to the increasing focus of the company towards the geriatric population.
Market Breakup by Sources, Forms, Functionality, End-users, Distribution Channels, and Region:
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The major players in the global omega-3 supplements 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 comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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