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 : October, 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.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?