IMARC Group's report titled "Omega 3 Supplements Market Report by Source (Fish Oil, Krill Oil, Algae Oil, and Others), Form (Tablets, Capsules, Soft Gels, and Others), Functionality (Cardiovascular Health, Brain, Nervous System and Mental Health, Eye Diseases, Diabetes, and Others), Distribution Channel (OTC, Prescribed), End User (Adults, Geriatric, Pregnant Women, Children, Infants), and Region 2024-2032". The global omega 3 supplements market size reached US$ 7.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 14.7 Billion by 2032, exhibiting a growth rate (CAGR) of 7.06% during 2024-2032.
Factors Affecting the Growth of Omega 3 Supplements Industry:
- Growing Awareness about Health Benefits:
The increasing awareness of the various health benefits associated with Omega-3 fatty acids is a significant factor driving the global market for Omega-3 supplements. These essential fatty acids, commonly found in fish oil flaxseed oil, and seeds, are well-known for their positive impact on overall health. Extensive research has highlighted the advantages of the two main forms of Omega-3s, eicosapentaenoic acid (EPA) and docosahex risk of cardiovascular disease, lowering triglyceride levels, and improving cognitive function and memory. Additionally, the anti-inflammatory properties of Omega-3s suggest potential benefits for individuals with conditions like rheumatoid arthritis.
- Expanding Aging Population:
The global population's accelerated aging process of the Omega-3 supplements market's expansion. As individuals age, they become more susceptible to a range of health issues, including cardiovascular disease, cognitive impairment, and joint problems. Scientific evidence has demonstrated that Omega-3 fatty acids can mitigate some of these age-related health concerns. For instance, they have been shown to support cardiovascular health by reducing the risk of heart disease, a significant concern for the elderly. Furthermore, research suggests that Omega-3s may help preserve cognitive function in older adults, potentially lowering the risk of age-related cognitive decline, including conditions such as Alzheimer's disease. As a result, older adults seeking to maintain their health and well-being are increasingly turning to Omega-3 supplements as a preventative measure, fueling the market's growth.
- Increasing Prevalence of Chronic Diseases:
The rising prevalence of chronic illnesses worldwide is fueling the expansion of the Omega-3 supplements market and heart disease become increasingly common, they pose significant health concerns. Research has shown that Omega-3 fatty acids can play a vital role in mitigating and preventing these chronic conditions by improving insulin sensitivity, reducing inflammation, and offering cardiovascular benefits. Specifically, Omega-3s have been found to lower blood pressure and triglycer of heart-related issues. As the burden of chronic diseases on healthcare systems and individuals continues to grow, many are turning to Omega-3 supplements as a natural and effective way to manage their health. This growing demand for alternative approaches to combat chronic diseases is driving the growth of the Omega-3 supplements market.
Leading Companies Operating in the Global Omega 3 Supplements Industry:
- 1-800-Flowers.com Inc.
- Aker BioMarine ASA
- Carlson Labs
- Green Pasture Products LLC
- KD Pharma Group
- Natrol LLC
- Nordic Naturals Inc.
- Now Foods
- NutriGold Inc.
- OmegaBrite
- Optimum Nutrition Inc. (Glanbia Performance Nutrition Inc.)
- Pharma Nord a
- The Bountiful Company.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/omega-3-supplements-market/requestsample
Omega 3 Supplements Market Report Segmentation:
By Source:
- Fish Oil
- Krill Oil
- Algae Oil
- Others
Fish oil dominates the market due to its abundant availability, high concentration of Omega-3 fatty acids, and well-established reputation for delivering health benefits, making it a preferred choice for consumers seeking Omega-3 supplements.
By Form:
- Tablets
- Capsules
- Soft Gels
- Others
Soft gels hold maximum number of shares due to its advantages, such as ease of swallowing, enhanced absorption of nutrients, and the ability to encapsulate both oil-soluble and water-soluble substances, making it a preferred choice for a wide range of dietary supplements.
By Functionality:
- Cardiovascular Health
- Brain, Nervous System and Mental Health
- Eye Diseases
- Diabetes
- Others
Cardiovascular health represents the largest segment due to the widespread concern and increasing prevalence of heart-related conditions, driving the demand for products and supplements specifically designed to support and improve cardiovascular well-being.
By Distribution Channel:
- OTC
- Prescribed
OTC dominates the market due to the convenience and accessibility it offers to consumers, allowing them to purchase a wide range of products without the need for a prescription or healthcare intervention of the profession.
By End User:
- Adults
- Geriatric
- Pregnant Women
- Children
- Infants
Adults hold the majority of the market share due to their greater purchasing power and the widespread recognition of the health benefits of Omega-3 supplements among this demographic.
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Global Omega-3 Supplements Market Trends:
The digital transformation of the retail sector has had a profound impact on the Omega-3 supplement market. Online platforms offer customers a wide range of options, empowering them to research, compare, and make informed purchase choices. The surge in e-commerce, especially amid the COVID-19 crisis, has significantly contributed to the expansion of the market, providing global availability of Omega-3 supplements. Moreover, there is a shift in the regulatory landscape concerning dietary supplements to ensure top-notch quality and safety. Stricter regulations and quality standards in areas like North America and Europe have enhanced consumer confidence in Omega-3 supplements, leading to more people incorporating them into their daily routines. This trend has spurred market growth as consumers look for products that meet stringent quality and safety criteria.
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