Omega 3 supplements Market Size Worth $ 19.17 Billion By 2032 | CAGR: 9.0%

The global Omega 3 supplements market size is expected to reach USD 19.17 billion by 2032, according to a new study by Polaris Market Research. The report “Omega 3 supplements Market Share, Size, Trends, Industry Analysis Report, By Form (Soft Gels, Tablets, Capsules, Others); By Source; By Functionality; By End-User; By Distribution Channel; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growing acceptance of omega-3 supplements among the elderly in developed economies like the United States, Germany, the United Kingdom, and France, as a means to meet daily nutritional needs and promote optimal organ health, is projected to drive demand. The global omega-3 supplements market is propelled by increasing demand from end-users and heightened consumer awareness regarding healthy eating and the health benefits of omega-3. The market consists of two key segments: -3 fatty acids and n-3 fatty acids, both contributing substantially to the overall size of the omega-3 fatty acids market. However, challenges such as high costs and stringent regulatory constraints are likely to impede industry growth. Additionally, the Asia-Pacific region is expected to witness significant growth compared to the mature markets of North America and Europe

Given the COVID-19 outbreak, consumers have transitioned from reactive approaches to embracing preventive health measures. There is currently an increased focus on immune health, heart health, and overall well-being. The American Heart Association underscores that individuals, especially those with a history of stroke and cardiac conditions such as high blood pressure and congenital heart defects, may encounter a heightened risk of complications if infected with COVID-19. As a result, there has been a significant upswing in the demand for supplements designed to mitigate the risk of heart-related problems, positively influencing product sales.

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The substantial increase in individuals experiencing omega-3 deficiency stands out as a pivotal factor fostering market growth. Additionally, omega-3 fatty acids play a crucial role in enhancing cardiovascular health and facilitating communication between brain cells. Consequently, the rising incidence of heart diseases and a growing consumer preference for cognitive well-being are driving the market's expansion. Furthermore, heightened awareness regarding the advantages of incorporating omega-3 fatty acids into the diet to reduce the risk of blood clots, maintain smooth and undamaged artery linings, and decrease triglyceride levels is propelling market growth. Moreover, certain fish oil-based supplements, classified as nonvitamin and nonmineral natural products, are gaining popularity among both children and adults. In addition to this, manufacturers are introducing sustainably sourced plant-based alternatives to meet the omega-3 dietary needs of the vegan population. This, coupled with the surging trend of veganism, is expected to propel market growth.

Omega 3 supplements Market Report Highlights

• In 2023, the Soft Gels segment dominated the market in terms of revenue share. Soft gels, an oral dosage format, consist of a gelatin-based casing enclosing a liquid fill. Offering a more easily swallowable option compared to tablets and capsules, they are characterized by their lack of unpleasant odors and tastelessness. The enhanced absorption and bioavailability associated with soft gels contribute to swift disintegration, immediate nutrient release, and rapid efficacy, driving their market demand. Notably, soft gels excel in delivering fish oil supplements while mitigating undesirable tastes and odors.
• During the forecast period, the Cardiovascular Health segment secured the top market share. Omega-3 fatty acids play a pivotal role in cardiovascular disease prevention by maintaining HDL cholesterol, stabilizing heart rhythms, reducing harmful LDL cholesterol, and lowering blood pressure. These varied health benefits are expected to drive product demand significantly within the cardiovascular health sector.
• In 2023, North America emerged as the leading market. The increase in obesity cases and lifestyle-related diseases can be linked to unhealthy dietary habits and the abundant availability of processed and Ready-To-Eat (RTE) foods. Research conducted by the New York State Government in March 2019 revealed that around 610,000 people in the U.S. succumb to heart diseases annually.
• Omega-3 supplements play a vital role in cardiovascular health, particularly as coronary heart disease (CHD) remains a primary cause of mortality among both men and women in North America.
• The global key market players include Aker BioMarine AS, Arkopharma, Bionova, Carlson Laboratories, GlaxoSmithKline plc, i-Health, Inc., KD Pharma Group, Luhua Biomarine (Shandong) Co., Ltd., Natrol LLC, Nordic Naturals, Inc., NOW Foods, NutriGold Inc., OmegaBrite, Optimum Nutrition, Inc., Pharma Nord B.V, Pharmavite LLC, Reckitt Benckiser Group plc, The Nature’s Bounty Co., VAYA Pharma, and Vital Choice Wild Seafood & Organics, SPC.

Polaris Market Research has segmented the Omega 3 supplements market report based on form, source, functionality, end-user, distribution channel, and region:

Omega 3 supplements, Form Outlook (Revenue - USD Billion, 2019 - 2032)

• Soft Gels
• Tablets
• Capsules
• Others

Omega 3 supplements, Source Outlook (Revenue - USD Billion, 2019 - 2032)

• Krill Oil
• Algae Oil
• Fish Oil
• Others

Omega 3 supplements, Functionality Outlook (Revenue - USD Billion, 2019 - 2032)

• Nervous System & Mental Health
• Cardiovascular Health
• Diabetes
• Eye Diseases

Omega 3 supplements, End-User Outlook (Revenue - USD Billion, 2019 - 2032)

• Infants
• Children
• Pregnant Women
• Adults
• Geriatric

Omega 3 supplements, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)

• Prescribed
• OTC
  • Online Retailers
  • Supermarkets/ Hypermarkets/Food Stores
  • Drug Stores & Pharmacies

Omega 3 supplements, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Omega 3 supplements Market Report Scope