Europe Omega-3 Supplements Market Growth and Analysis by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028Europe Omega-3 Supplements Market Forecast to 2028 - COVID-19 Impact and Regional 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 Retail, and Others)
- Report Date : Mar 2022
- Report Code : TIPRE00019839
- Category : Consumer Goods
- Status : Published
- Available Report Formats :
- No. of Pages : 108
The omega-3 supplements market in Europe is expected to grow from US$ 8,036.57 million in 2021 to US$ 14,080.95 million by 2028; it is estimated to grow at a CAGR of 8.3% from 2021 to 2028.
In recent years, in recent years, the omega 3 supplements market has experienced various technological advancements. Companies continuously engage in new product developments. They are conducting R&D activities to improve their existing products by modifying sources or introducing new product forms. Currently, capsules and soft gels are among the most popular forms in which omega-3 supplements are being offered. However, to cater to the changing tastes and preferences of customers, companies are focusing on introducing omega- 3 in new forms such as powders, candies, and gummies. Candies and gummies are gaining popularity among consumers due to enhanced taste and texture compared to fish oil supplements. Further, companies are also exploring the replacement of traditional sources such as algae and fish oil with new sources such as chia seeds, flax seeds, and walnuts, along with other plant-based sources. Depleting marine sources and increasing consumer inclination toward veganism have encouraged manufacturers to discover alternative sources. For instance, in October 2018, Cargill introduced “Latitude,” a plant-based sustainable alternative source of Omega 3 for fish feed applications. Moreover, in June 2021, Polaris introduced Omegavie DHA 800 oil derived from the microalgae Schizochytrium sp. The oil has a high DHA concentration of ~800 mg/g, which can be utilized to make vegan DHA capsules or tablets. Thus, product innovation efforts are creating lucrative growth opportunities for the omega 3 supplements market players.
In Europe, currently France, the UK, and Russia are the worst-impacted countries by the COVID-19 pandemic. The region is estimated to suffer an economic hit due to the lack of revenue from various industries subjected to disruption in supply chain. However, shift in consumer lifestyle and rise in preference towards healthy dietary practices have substantially promoted the demand for omega-3 supplements in the regional market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe omega-3 supplements market. The Europe omega-3 supplements market is expected to grow at a good CAGR during the forecast period.
Europe Omega-3 Supplements Market Revenue and Forecast to 2028 (US$ Million)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Europe Omega-3 Supplements Market Segmentation
Europe Omega-3 Supplements Market – By Form
- Capsules
- Soft Gels
- Others
Europe Omega-3 Supplements Market – By Source
- Fish Oil
- Krill Oil
- Algae Oil
- Others
Europe Omega-3 Supplements Market – By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
- Others
Europe Omega-3 Supplements Market – By Country
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
Europe Omega-3 Supplements Market – Companies Mentioned
- Church & Dwight, Inc.
- NOW Foods
- Nordic Naturals
- Reckitt Benckiser Group plc.
- Pharma Nord B.V.
- Rimfrost As
- Epion Brands
Europe Omega-3 Supplements Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 8,036.57 Million |
| Market Size by 2028 | US$ 14,080.95 Million |
| Global CAGR (2021 - 2028) | 8.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Form
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- Church & Dwight, Inc.
- Epion Brands
- NOW Foods
- Nordic Naturals
- Reckitt Benckiser Group plc.
- Pharma Nord B.V.
- Rimfrost As
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