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According to a new report available from Million Insights, the Omega-3 Supplement Industry Worldwide Report is designed to provide solid support for market participants to lay a solid foundation for their businesses to grow. It includes a comprehensive assessment of the growth status and market risk of the market.
Global Omega 3 Supplements Market is projected to reach $ 57.07 billion by 2025 due to growing application and demand for infant formula. Omega-3 supplements (also known as ω-3 fatty acids or n-3 fatty acids) are a combination of polyunsaturated fatty acids that are important for several functions in the human body. Few types of omega-3 supplements are found in foods like shellfish and oily fish, others in vegetable oils, and the rest in dietary supplements.
Omega-3 supplements are also linked to healthy aging throughout life. Recently researched, EPA and DHA (eicosapentaenoic acid and docosahexaenoic acid) have been linked to fetal development, Alzheimer’s disease, and cardiovascular function. The human body is unable to make omega-3 supplements from marine sources. Therefore, it is necessary to get a high amount of protein through fish oil and fish products. EPA and DHA are not only essential for the development of the fetus, but also for neural, immunological and retinal function.
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Rising environmental pollutants that affect marine life are the reason for the increased production costs of products. Some market players are opting for substitutes like vegetable and krill based by including krill oil, fish oil, etc. to help control product cost. These products offer medicinal benefits such as improving heart health, lowering blood pressure, and reducing triglycerides, all of which are likely to fuel demand for krill oil as well.
Growing consumer demand and increasing consumer awareness of healthy eating and health benefits of omega-3 dietary supplements are the main drivers of the omega-3 dietary supplement industry. However, the strict regulations and high costs are likely to hamper the market during the forecast period.
In addition, the Asia-Pacific region is estimated to be experiencing significant growth compared to the saturated markets of North America and Europe. The market for omega-3 dietary supplements is also likely to decline due to the low cost of vegetative sources such as vegetable oils, soy products, and nuts and seeds. Production from these vegetative sources is currently increasing in world economies.
Various factors such as government efforts to educate consumers and provide superior health services and urbanization are expected to fuel the use of omega-3 supplements. In addition, it is estimated that the growing willingness of consumers to spend on omega-3 supplements offers a positive outlook for the omega-3 supplement market. The increasing opportunities in the sports nutrition market due to the growing preference for an active lifestyle and increased awareness of the benefits of omega-3 fatty acids are expected to play a major role in the growth of the omega-3 dietary supplement industry.
The Omega-3 Supplements market is categorized based on product type, source, application, and geography. Based on the product type, the market is divided into DHA (docosahexaenoic acid), EPA (eicosapentaenoic acid) and ALA (alpha-linolenic acid). DHA is predicted to dominate the omega-3 supplement industry, followed by ALA and EPA. In terms of source, the market is divided into nuts and seeds, marine, vegetable oils, and soy products. Based on application, omega-3 dietary supplements are divided into pharmaceuticals, dietary supplements, foods and beverages, infant formulas, pet foods, and fish feeds.
Geographically, the omega-3 supplement market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America is expected to hold a larger market share over the forecast period. Key players in the omega-3 dietary supplement industry featured here include Omega Protein Corporation, Royal DSM, FMC Corporation, Croda International Plc, Cargill Incorporated, OLVEA Fish Oils, GC Rieber Oils, Polaris, LuhuaBiomarine (Shandong ) Co., Ltd. and Pharma Marine AS.
Want to access the full research report on the global Omega-3 Nutritional Supplements Market? Click here: https://www.millioninsights.com/industry-reports/omega-3-supplement-market
Omega 3 Supplements Source Outlook (Revenue, MILLION USD, 2014-2025)
• fish oil
• Cod liver oil
• Krill oil
Omega-3 Supplements Application Outlook (Revenue, $ Mn, 2014-2025)
• Baby food
• Food and drinks
• Food supplement
• Pet and animal feed
• Clinical nutrition
Regional Outlook for Omega-3 Supplements (Sales, US $ Mn, 2014-2025)
• North America
• UNITED STATES
• Great Britain
• Asia Pacific
• Middle and South America
• Middle East and Africa
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