Reports
Global Omega 3 Supplements Market Size, Share, Growth: By Source: Fish Oil, Krill Oil, Algae Oil, Others; By Form: Tablets, Capsules, Soft Gels, Others; By Functionality: Cardiovascular Health, Eye Diseases, Diabetes, Others; By End User: Adults, Geriatric, Others; By Distribution Channel; Regional Analysis; Competitive Landscape; 2024-2032
Global Omega 3 Supplements Market Outlook
The global omega 3 supplements market stood at a value of around USD 6.59 billion in 2023. The market is further expected to grow at a CAGR of 8.5% in the forecast period of 2024-2032 to attain a value of around USD 10.83 billion by 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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Source, Form, Functionality, End User, Distribution Channel, Region |
| 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 End User | Adults, Geriatric, Pregnant Women, Children, Infants |
| Breakup by Distribution Channel | OTC, Prescribed |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | NutriGold Inc., Pharma Nord B.V., Luhua Biomarine (Shandong) Co., Ltd., Aker BioMarine ASA, KD Pharma Group SA, Nordic Naturals, Inc., Others |
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| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Omega 3 Supplements Market Analysis
8.1 Key Industry Highlights
8.2 Global Omega 3 Supplements Historical Market (2018-2023)
8.3 Global Omega 3 Supplements Market Forecast (2024-2032)
8.4 Global Omega 3 Supplements Market by Source
8.4.1 Fish Oil
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Krill Oil
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Algae Oil
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Omega 3 Supplements Market by Form
8.5.1 Tablets
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Capsules
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Soft Gels
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Omega 3 Supplements Market by Functionality
8.6.1 Cardiovascular Health
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Brain, Nervous System, and Mental Health
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Eye Diseases
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Diabetes
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Omega 3 Supplements Market by End User
8.7.1 Adults
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Geriatric
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Pregnant Women
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Children
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Infants
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.8 Global Omega 3 Supplements Market by Distribution Channel
8.8.1 OTC
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Prescribed
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.9 Global Omega 3 Supplements Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Omega 3 Supplements Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Omega 3 Supplements Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Omega 3 Supplements Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Omega 3 Supplements Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Omega 3 Supplements Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 NutriGold Inc.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Pharma Nord B.V.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Luhua Biomarine (Shandong) Co., Ltd.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Aker BioMarine ASA
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 KD Pharma Group SA
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Nordic Naturals, Inc.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Omega 3 Supplements Market: Key Industry Highlights, 2018 and 2032
2. Global Omega 3 Supplements Historical Market: Breakup by Source (USD Billion), 2018-2023
3. Global Omega 3 Supplements Market Forecast: Breakup by Source (USD Billion), 2024-2032
4. Global Omega 3 Supplements Historical Market: Breakup by Form (USD Billion), 2018-2023
5. Global Omega 3 Supplements Market Forecast: Breakup by Form (USD Billion), 2024-2032
6. Global Omega 3 Supplements Historical Market: Breakup by Functionality (USD Billion), 2018-2023
7. Global Omega 3 Supplements Market Forecast: Breakup by Functionality (USD Billion), 2024-2032
8. Global Omega 3 Supplements Historical Market: Breakup by End User (USD Billion), 2018-2023
9. Global Omega 3 Supplements Market Forecast: Breakup by End User (USD Billion), 2024-2032
10. Global Omega 3 Supplements Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
11. Global Omega 3 Supplements Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
12. Global Omega 3 Supplements Historical Market: Breakup by Region (USD Billion), 2018-2023
13. Global Omega 3 Supplements Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. North America Omega 3 Supplements Historical Market: Breakup by Country (USD Billion), 2018-2023
15. North America Omega 3 Supplements Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Europe Omega 3 Supplements Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Europe Omega 3 Supplements Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific Omega 3 Supplements Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Asia Pacific Omega 3 Supplements Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Latin America Omega 3 Supplements Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America Omega 3 Supplements Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Middle East and Africa Omega 3 Supplements Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Middle East and Africa Omega 3 Supplements Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Global Omega 3 Supplements Market Structure
Key Questions Answered in the Report
In 2023, the market attained a value of approximately USD 6.59 billion.
The market is estimated to grow at a CAGR of 8.5% between 2024 and 2032.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the growing geriatric population, increasing awareness about the benefits of the omega-3 supplements, growing consumption of fish oil and algae oil, increasing health consciousness.
The growing cases of chronic diseases, rising inclination of consumers towards plant-based alternatives, growing trend of veganism, and the exploration of various health benefits offered by the omega-3 fatty acids are the key trends guiding the growth of the market.
Fish oil, krill oil, and algae oil, among others are the major sources of omega 3 supplements.
Tablets, capsules, and soft gels, among others are the different forms of omega 3 supplements.
Cardiovascular health, brain, nervous system and mental health, eye diseases, and diabetes, among others are the various functionalities in the market.
Adults, geriatric, pregnant women, children, and infants are the significant end-users of omega 3 supplements.
OTC and prescribed are the distribution channels of omega 3 supplements in the market.
The key 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.
Analyst Review
The global omega-3 supplements market attained a value of USD 6.59 billion in 2023, driven by the growing cases of chronic diseases. Aided by the increasing health consciousness and rising inclination of consumers towards plant-based alternatives, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 8.5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market is segmented based on sources, into fish oil, krill oil, and algae oil, among others. The significant forms of omega-3 supplements include tablets, capsules, and soft gels, among others. On the basis of functionality, the market is segmented into cardiovascular health, brain, nervous system and mental health, eye diseases, and diabetes, among others. The major end-users of the product adults, geriatric, pregnant women, children, and infants. By distribution channel, the market is divided into OTC and prescribed. The major regional markets for omega-3 supplements are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include NutriGold Inc., Pharma Nord B.V., Luhua Biomarine (Shandong) Co., Ltd., Aker BioMarine ASA, KD Pharma Group SA, and Nordic Naturals, Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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