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Global Omega 3 Supplements Market to Grow at a CAGR of 8.5% During 2024-2032, Aided by the Growing Demand for the Products among Geriatric, Adults, and Pregnant Women

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Omega 3 Supplements Market

Global Omega 3 Supplements Market Size, Share, Forecast: 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 7.15 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 15.01 billion by 2032.          

 

Global Omega 3 Supplements Market

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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.

 

Global Omega 3 Supplements Market by Segment

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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.

 

Global Omega 3 Supplements Market by Region

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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

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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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    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

What was the global omega-3 supplements market size in 2023?

In 2023, the market attained a value of approximately USD 7.15 billion.

What is the growth rate of the global omega-3 supplements market?

The market is estimated to grow at a CAGR of 8.5% between 2024 and 2032.

What are the major regional markets of the omega-3 supplements, according to the EMR report?

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the major market drivers?

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.

What are the key trends of the market?

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.

What are the major sources of omega 3 supplements?

Fish oil, krill oil, and algae oil, among others are the major sources of omega 3 supplements.

What are the different forms of omega 3 supplements?

Tablets, capsules, and soft gels, among others are the different forms of omega 3 supplements.

What are the various functionalities in the market?

Cardiovascular health, brain, nervous system and mental health, eye diseases, and diabetes, among others are the various functionalities in the market.

What are the significant end users of omega 3 supplements?

Adults, geriatric, pregnant women, children, and infants are the significant end-users of omega 3 supplements.

What are the distribution channels of omega 3 supplements in the market?

OTC and prescribed are the distribution channels of omega 3 supplements in the market.

Who are the key market players, according to the report?

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 7.15 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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Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

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