NEW YORK, September 15, 2021 / PRNewswire / – Omega-3 Dietary Supplement Market Expected to Reach Global Size $ 10.57 billion by 2028, according to a new study from Polaris Market Research. The market is forecast to have a CAGR of 8.6% from 2021 to 2028. Growing consumer awareness of the health benefits of omega-3 supplements coupled with an increase in chronic diseases such as cancer, stroke, arthritis and heart disease is expected to result in significant market growth. In addition, concerns about insufficient intake of nutrients and the unavailability of certain flaxseeds and fish, which are the main omega-3 spruce trees, are growing, increasing the demand for additional omega-3 supplements. In addition, raising awareness campaigns through various forms of media to educate people about the benefits of such dietary supplements, which continues to drive market growth.
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Key highlights of the omega-3 dietary supplement market
According to Quelle, the fish oil segment had the largest share of the omega-3 supplement market. Fish oil is considered to be one of the main sources of omega-3 fatty acids and is therefore preferred in dietary supplements.
Formally, the Softgels segment dominated the market with a higher share of sales and should do better in the forecast period. Compared to capsules and tablets, softgels are pleasant to swallow as they are tasteless and have no unpleasant odor.
In terms of functionality, the cardiovascular health segment emerged as the fastest growing segment and accounted for a large part of the market share. Omega-3s are useful for maintaining HDL cholesterol, lowering blood pressure, and stabilizing the heart rhythm, all of which help prevent cardiovascular disease.
The latest study in patients with Alzheimer’s disease observed the effect of omega-3 supplementation on spinal fluid and memory test results. According to the study, people who took omega-3s are completely stable in terms of memory function. Now researchers can look at biomarkers in blood samples rather than doing a lumbar puncture on patients, which is a significant step forward.
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North America dominated the global omega-3 nutritional supplement market and is expected to show the fastest growth over the forecast period. It is expected that the increasing prevalence of chronic diseases, combined with increasing consumer preference for dietary supplements, will lead to significant growth in the regional market. On the other hand, Europe significant growth is forecast due to the growing geriatric population, government initiatives to prioritize obesity, and increasing investment by leading players.
The effects of newer revenue generating strategies have helped leading actors achieve financial stability. In addition, the increasing number of official approvals has helped market participants to gain positive momentum in the market. Some of the major players in the omega-3 supplements market are Nordic Naturals, Inc., Reckitt Benckiser Group plc, NutriGold Inc., Pharma Nord BV, NOW Foods, Vital Choice Wild Seafood & Organics, Aker BioMarine AS, Pharmavite LLC, i -Health, Inc., KD Pharma Group, GlaxoSmithKline plc, Natrol LLC, OmegaBrite, Optimum Nutrition, Inc., Carlson Laboratories, VAYA Pharma, SPC, Bionova, The Nature’s Bounty Co. and Arkopharma.
Supply side: pharmaceutical company
Demand side: hospital, clinics
Regulatory side: World Health Organization
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Polaris Market Research segmented the Omega-3 Nutritional Supplements Market report by Source, Form, Functionality, End Use, and Region:
Omega-3 Supplements Market Source Outlook (Revenue – $ Mn, 2016-2028)
Omega-3 Supplements Market Forms Outlook (Revenue – $ Mn, 2016-2028)
Omega-3 Supplements Market Feature Outlook (Revenue – $ Mn, 2016-2028)
Omega-3 Supplements Market End Use Outlook (Sales – US $ Mn, 2016-2028)
Omega-3 Supplements Market by Regional Outlook (Sales – USD Mn, 2016-2028)
Central & South America
middle East & Africa
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SOURCE Polaris Market Research