Omega 3 Supplements Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

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Omega 3 Supplements Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

Status : May, 2020 | Food and Beverages | PPT format

Report Digest


Global Omega 3 Supplements Market: Snapshot 

Omega 3 fatty acids, along with omega 6 fatty acids, comprise a key group of nutrients crucial for human health. Omega 3 fatty acids play an important role in several aspects of human health, including brain and skin health. As a result, the global omega 3 supplements market has risen to a key position in the healthcare sector and is likely to benefit from the rising adoption of a comprehensive view towards medicine that entails consumption of various supplements in order to avoid diseases rather than having to cure them later. The global omega 3 supplements market is thus likely to exhibit steady growth in the near future. 

Omega 3 Supplements Market - Notable Developments

Omega-3s or omega-3 fatty acids are a type of fat that are found in human body and in food products. These fatty acids are also available in the market as dietary supplements. Of the three types of omega-3 fatty acids, the DHA (docosahexaenoic acid) and EPA (eicosapentaenoic acid) offer exclusive benefits such as improving retinal conditions, lowering inflammation, and enhancing brain functioning.

Several research and studies have indicated that the omega-3 supplements do not necessarily cut down the risk of heart diseases. However, individuals who regularly consume seafood, around one to four times per week are less susceptible to incur heart related disorders. Studies have also indicated that high intake of omega-3 supplements can help in reducing the levels of triglycerides. It also help in relieving the symptoms of rheumatoid arthritis. In recent times, there has been considerable growth in the vegan population across the globe. It has been a significant driving factor for the sales of fish-free omega-3 supplements.

Some of the key developments in the global omega-3 supplements market are given below:

  • Recently, Green Pasture Products Inc., a leading manufacturer in the global omega-3 supplements market, announced that the company has launched a series of new products. The company launched five new products with an objective to cater to the evolving needs of the consumers.
  • Nordic Naturals recently announced the launch of Algae DHA, a new omega-3 dietary supplement product. The product offers omega-3 supplements derived from microalgae. The company claim that regular consumption of the supplement will help in improving the nervous, brain, and eye functioning.

Global Omega 3 Supplements Market: Key Trends 

The prime driver for the global omega 3 supplements market is the growing health-conscious demographic across developed economies, which has led to rising awareness about the benefits of regular consumption of food supplements. The high prevalence of a sedentary lifestyle among urban consumer has also helped the global omega 3 supplements market. Sedentary lifestyles are associated several cardiovascular and respiratory problems. The protective effect provided by omega 3 supplements against damage to the cardiovascular system and vascular system is likely to drive demand from the global omega 3 supplements market in the coming years. 

Rising awareness regarding the immense benefits of the addition of omega 3 fatty acids in the diet of infants is likely to be a key driver for the global omega 3 supplements market in the coming years. The field of infant care has advanced and expanded rapidly in the past few decades hand in hand with the growing database about infant care. The growing acknowledgment of the benefits of omega 3 supplements in ensuring healthy growth of infants has been a key part of this movement and is likely to benefit the global omega 3 supplements market handsomely in the coming years. 

On the other hand, the rising threat posed by water pollution has led to an inevitable pricing rise in the global omega 3 supplements market, as fish that comprise the primary source of omega 3 fatty acids now require extensive purification procedures to extract omega 3 compounds. However, many players in the global omega 3 supplements market have successfully responded to these developments by switching to krill-based or plant-based extraction of omega 3 fatty acids, which is likely to ensure steady growth of the global omega 3 supplements market in the coming years. 

Global Omega 3 Supplements Market: Market Potential 

Omega 3 fatty acids are among the latest in a long line of ‘superfoods’ whose claimed benefits have needed to be kept in check by consistent scientific assessment. As a result, they have been part of several research projects aimed at discovering their association with a variety of conditions. 

In May 2017, researchers discovered omega 3 fatty acids have a protective effect against dry eyes and help avert conditions that can cause the tear glands or ducts to malfunction. While this may seem negligible, the rising threat of air pollution is likely to make ocular disorders a common occurrence across the world in the coming years, enabling steady demand from the global omega 3 supplements market. 

The rising research into the benefits of omega 3 fatty acids in preventing dementia and a range of other neurodegenerative disorders is also likely to benefit the global omega 3 supplements market in the coming years. 

Global Omega 3 Supplements Market: Geographical Dynamics 

The global omega 3 supplements market is likely to be dominated by North America in the coming years. The firm establishment of promising medical research avenues is a key driver for the North America omega 3 supplements market, as the utilization of omega 3 fatty acids in the treatment of diverse conditions is a key driver for the global omega 3 supplements market. Europe is also likely to retain a key role in the global omega 3 supplements market in the coming years, while Asia Pacific is expected to benefit the omega 3 supplements market due to the rising awareness about the medical benefits of omega 3 fatty acids. 

Global Omega 3 Supplements Market: Competitive Dynamics 

The global omega 3 supplements market is likely to remain highly competitive in the coming years due to the steady availability of lucrative opportunities. Key players in the omega 3 supplements market include Nordic Naturals Inc., Reckitt Benckiser Group Plc, Green Pasture Products Inc., Nutrigold Inc., Pharmavite LLC, Natrol LLC, Ascenta Health, and OmegaBrite.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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