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Global Omega 3 Supplements Market: By Source: Fish Oil, Krill Oil, Algae Oil, Others; By Form: Tablets, Capsules, Soft Gels, Others; By Functionality; By End User; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Omega 3 Supplements Market Outlook
The global omega 3 supplements market stood at a value of around USD 5.6 billion in 2020. The market is further expected to grow at a CAGR of 8.5% in the forecast period of 2022-2027 to attain a value of around USD 9.20 billion by 2026.
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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 | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| 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 |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| 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 Industry Opportunities and Challenges
8 Global Omega 3 Supplements Market Analysis
8.1 Key Industry Highlights
8.2 Global Omega 3 Supplements Historical Market (2017-2021)
8.3 Global Omega 3 Supplements Market Forecast (2022-2027)
8.4 Global Omega 3 Supplements Market by Source
8.4.1 Fish Oil
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Krill Oil
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Algae Oil
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Others
8.5 Global Omega 3 Supplements Market by Form
8.5.1 Tablets
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Capsules
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Soft Gels
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Others
8.6 Global Omega 3 Supplements Market by Functionality
8.6.1 Cardiovascular Health
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Brain, Nervous System, and Mental Health
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Eye Diseases
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Diabetes
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2017-2021)
8.6.4.3 Forecast Trend (2022-2027)
8.6.5 Others
8.7 Global Omega 3 Supplements Market by End User
8.7.1 Adults
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 Geriatric
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.7.3 Pregnant Women
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2017-2021)
8.7.3.3 Forecast Trend (2022-2027)
8.7.4 Children
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2017-2021)
8.7.4.3 Forecast Trend (2022-2027)
8.7.5 Infants
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2017-2021)
8.7.5.3 Forecast Trend (2022-2027)
8.8 Global Omega 3 Supplements Market by Distribution Channel
8.8.1 OTC
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2017-2021)
8.8.1.3 Forecast Trend (2022-2027)
8.8.2 Prescribed
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2017-2021)
8.8.2.3 Forecast Trend (2022-2027)
8.9 Global Omega 3 Supplements Market by Region
8.9.1 Market Share
8.9.1.1 North America
8.9.1.2 Europe
8.9.1.3 Asia Pacific
8.9.1.4 Latin America
8.9.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 NutriGold Inc.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Pharma Nord B.V.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Luhua Biomarine (Shandong) Co., Ltd.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Aker BioMarine ASA
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 KD Pharma Group SA
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Nordic Naturals, Inc.
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Others
14 Industry Events and Developments
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, 2016 and 2026
2. Global Omega 3 Supplements Historical Market: Breakup by Source (USD Billion), 2017-2021
3. Global Omega 3 Supplements Market Forecast: Breakup by Source (USD Billion), 2022-2027
4. Global Omega 3 Supplements Historical Market: Breakup by Form (USD Billion), 2017-2021
5. Global Omega 3 Supplements Market Forecast: Breakup by Form (USD Billion), 2022-2027
6. Global Omega 3 Supplements Historical Market: Breakup by Functionality (USD Billion), 2017-2021
7. Global Omega 3 Supplements Market Forecast: Breakup by Functionality (USD Billion), 2022-2027
8. Global Omega 3 Supplements Historical Market: Breakup by End User (USD Billion), 2017-2021
9. Global Omega 3 Supplements Market Forecast: Breakup by End User (USD Billion), 2022-2027
10. Global Omega 3 Supplements Historical Market: Breakup by Distribution Channel (USD Billion), 2017-2021
11. Global Omega 3 Supplements Market Forecast: Breakup by Distribution Channel (USD Billion), 2022-2027
12. Global Omega 3 Supplements Historical Market: Breakup by Region (USD Billion), 2017-2021
13. Global Omega 3 Supplements Market Forecast: Breakup by Region (USD Billion), 2022-2027
14. North America Omega 3 Supplements Historical Market: Breakup by Country (USD Billion), 2017-2021
15. North America Omega 3 Supplements Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Europe Omega 3 Supplements Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Europe Omega 3 Supplements Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Asia Pacific Omega 3 Supplements Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Asia Pacific Omega 3 Supplements Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Latin America Omega 3 Supplements Historical Market: Breakup by Country (USD Billion), 2017-2021
21. Latin America Omega 3 Supplements Market Forecast: Breakup by Country (USD Billion), 2022-2027
22. Middle East and Africa Omega 3 Supplements Historical Market: Breakup by Country (USD Billion), 2017-2021
23. Middle East and Africa Omega 3 Supplements Market Forecast: Breakup by Country (USD Billion), 2022-2027
24. Global Omega 3 Supplements Market Structure
Key Questions Answered in the Report
In 2020, the global omega-3 supplements market attained a value of nearly USD 5.6 billion.
The market is estimated to grow at a CAGR of 8.5% between 2022 and 2027.
The major regions in the industry 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, rising inclination of consumers towards plant-based alternatives and the growing trend of veganism.
The growing cases of chronic diseases and the exploration of various health benefits offered by the omega-3 fatty acids are the key trends guiding the growth of the industry.
Fish oil, krill oil, and algae oil, among others are the major sources of the product.
Tablets, capsules, and soft gels, among others are the different forms of the product.
Cardiovascular health, brain, nervous system and mental health, eye diseases, and diabetes, among others are the market segmentation based on functionality.
Adults, geriatric, pregnant women, children, and infants are the significant end-users of the product.
OTC and prescribed are the distribution channels of the product in the market.
The major players in the industry 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 5.6 billionin 2020, 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 2022-2027, 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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