Omega-3 Supplements Market is expected to reach US$ 50,845.88 Million by 2028


PRESS RELEASE BY The Insight Partners 28 Dec 2021

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Growing Awareness Regarding Chronic Diseases to Escalate Omega-3 Supplements Market Growth During 2021–2028

According to our latest market study on “Omega-3 Supplements Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Form (Capsules, Soft Gels, and Others), Source (Fish Oil, Krill Oil, Algae Oil, and Others), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Stores, and Others),” the market is expected to reach US$ 50,845.88 million by 2028 from US$ 28,817.29 million in 2021; it is estimated to grow at a CAGR of 8.4% during 2021–2028. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

Omega-3 is a polyunsaturated fatty acid obtained by the consumption of plant and animal sources as it cannot be synthesized in the human body. Mostly, omega-3 can be obtained from marine and plant-based sources. Omega-3 supplements contain highly concentrated omega-3 fatty acids, such as EPA, DHA, and numerous vitamins and minerals that the human body needs to maintain overall health and wellness. In the past few years, consumers' stressful and hectic lifestyles and dietary habits have significantly limited their nutritional intake. EPA and DHA in omega-3 supplements help reduce the risk of heart diseases and improve metabolic and cardiovascular health. It has anti-inflammatory properties, and it further supports the immune system by promoting the functionality of immune cells. Rising awareness regarding chronic health has increased the daily intake of omega-3 supplements, thus driving the market growth.

Church & Dwight, Inc.; Prestige Consumer Healthcare Inc.; Pharmavite LLC; Quten Research Institute; Epion Brands; NOW Foods; Nordic Naturals; Reckitt Benckiser Group PLC; Pharma Nord B.V.; Rimfrost AS are a few of the major key players operating in the global omega-3 supplements market.

Impact of COVID-19 Pandemic on Omega-3 Supplements Market

The COVID-19 pandemic has severely affected the distribution channels as well as manufacturing operations in all parts of the world. Many countries faced severe lockdown restrictions resulting in the hindrance of production processes concerning the overall dietary supplements market. However, post the initial stages of lockdown and recovery phases, the omega-3 supplements market has been witnessing rapid recovery and is growing at a high pace. One of the major reasons for the growth is the increased health awareness among consumers which has led to the growing demand for supplements.

Global Omega-3 Supplements Market Breakdown – by Region

Global Omega-3 Supplements Market Breakdown – by Region


Omega-3 Supplements Market Demand and Forecast to 2028

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Omega-3 Supplements Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Form (Capsules, Soft Gels, and Others), Source (Fish Oil, Krill Oil, Algae Oil, and Others), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Stores, and Others)

 

The report includes the segmentation of the global omega-3 supplements market as follows:

By form, the omega-3 supplements market is segmented into capsules, soft gels, and others. By source, the market is segmented into fish oil, krill oil, algae oil, and others. Based on distribution channels, the omega-3 supplements market is segmented into supermarkets and hypermarkets, specialty stores, online stores, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. The market in North America is further segmented into the US, Canada, and Mexico. The omega-3 supplements market in Europe is sub-segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The market in the Asia Pacific is sub-segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The omega-3 supplements market in Middle East & Africa (MEA) is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The market in South and Central America is sub-segmented into Brazil, Argentina, and the Rest of South and Central America.

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