Europe Omega-3 Supplements Market Growth and Analysis by 2028
Europe 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) 
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Form, and by Source, and by Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Europe Omega-3 Supplements Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinion
5. Europe Omega-3 Supplements Market — Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Enhancing Awareness Regarding Chronic Diseases:
5.1.2 Burgeoning Emphasis on Cognitive Development:
5.2 Key Market Restraints
5.2.1 Absence of clarity among consumers about the daily recommended intake:
5.3 Key Market Opportunities
5.3.1 Advancing Product Innovation Efforts by Companies
5.4 Future Trends
5.4.1 Fostering Consumers Preferences Toward Vegan Supplements:
5.5 Impact Analysis of Drivers and Restraint
6. Europe Omega-3 Supplements Market Analysis
6.1 Europe Omega-3 Supplements Market Overview
6.2 Europe: Omega 3 Supplements Market – Analysis and Forecast to 2028 (US$ Million)
7. Europe Omega-3 Supplements Market Analysis – By Form
7.1 Overview
7.2 Europe Omega 3 Supplements Market, by Form
7.3 Capsules
7.3.1.1 Overview
7.3.1.2 Capsules: Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Soft Gels
7.4.1.1 Overview
7.4.1.2 Soft Gels: Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Omega-3 Supplements Market Analysis – By Source
8.1 Overview
8.2 Europe Omega 3Supplements Market, by Source
8.3 Fish Oil
8.3.1 Overview
8.3.2 Fish Oil : Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Krill Oil
8.4.1 Overview
8.4.2 Krill Oil: Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Algae Oil
8.5.1 Overview
8.5.2 Algae Oil: Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Omega-3 Supplements Market Analysis – By Distribution Channel
9.1 Overview
9.2 Europe Omega 3 Supplements Market, by Distribution Channel
9.3 Supermarkets and Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets and Hypermarkets: Omega-3 Supplement Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Specialty Stores
9.4.1 Overview
9.4.2 Specialty Stores: Omega-3 Supplement Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Online Stores
9.5.1 Overview
9.5.2 Online Stores: Omega-3 Supplement Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Omega-3 Supplement Market – Revenue and Forecast to 2028 (US$ Million)
10. Europe Omega-3 Supplements Market– Country Analysis
10.1 Overview
10.1.1 Europe: Omega 3 Supplements Market, by Key Country
10.1.1.1 Germany: Omega 3Supplements Market –Analysis and Forecast to 2028 (US$ Million)
10.1.1.1.1 Germany: Omega 3 Supplements Market, by Form
10.1.1.1.2 Germany: Omega 3 Supplements Market, by Source
10.1.1.1.3 Germany: Omega 3 Supplements Market, by Distribution Channel
10.1.1.2 France: Omega 3 Supplements Market –Analysis and Forecast to 2028 (US$ Million)
10.1.1.2.1 France: Omega 3 Supplements Market, by Form
10.1.1.2.2 France Omega 3Supplements Market, by Source
10.1.1.2.3 France: Omega 3 Supplements Market, by Distribution Channel
10.1.1.3 UK: Omega 3 Supplements Market –Analysis and Forecast to 2028 (US$ Million)
10.1.1.3.1 UK: Omega 3 Supplements Market, by Form
10.1.1.3.2 UK: Omega 3Supplements Market, by Source
10.1.1.3.3 UK: Omega 3 Supplements Market, by Distribution Channel
10.1.1.4 Italy: Omega 3 Supplements Market –Analysis and Forecast to 2028 (US$ Million)
10.1.1.4.1 Italy: Omega 3 Supplements Market, by Form
10.1.1.4.2 Italy: Omega 3Supplements Market, by Source
10.1.1.4.3 Italy: Omega 3 Supplements Market, by Distribution Channel
10.1.1.5 Russia: Omega 3 Supplements Market –Analysis and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Omega 3 Supplements Market, by Form
10.1.1.5.2 Russia: Omega 3 Supplements Market, by Source
10.1.1.5.3 Russia: Omega 3 Supplements Market, by Distribution Channel
10.1.1.6 Rest of Europe: Omega 3Supplements Market –Analysis and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Omega 3Supplements Market, by Form
10.1.1.6.2 Rest of Europe Omega 3 Supplements Market, by Source
10.1.1.6.3 Rest of Europe: Omega 3 Supplements Market, by Distribution Channel
11. Impact of COVID-19 Pandemic on Europe Omega-3 Supplements Market
11.1 Europe: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Product & Service Launch
12.2 Merger & Acquisition
13. Company Profiles
13.1 Church & Dwight, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Epion Brands
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 NOW Foods
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Nordic Naturals
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Reckitt Benckiser Group plc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Pharma Nord B.V.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Rimfrost As
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Omega-3 Supplements Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany Omega 3Supplements Market, by Form– Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany Omega 3Supplements Market, by Source– Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany Omega 3 Supplements Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 5. France Omega 3 Supplements Market, by Form– Revenue and Forecast to 2028 (US$ Million)
Table 6. France Omega 3 Supplements Market, by Source– Revenue and Forecast to 2028 (US$ Million)
Table 7. France Omega 3 Supplements Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 8. UK Omega 3 Supplements Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 9. UK Omega 3 Supplements Market, by Source– Revenue and Forecast to 2028 (US$ Million)
Table 10. UK Omega 3 Supplements Market, by Distribution Channel– Revenue and Forecast to 2028 (US$
Table 11. Italy Omega 3Supplements Market, by Form– Revenue and Forecast to 2028 (US$ Million)
Table 12. Italy Omega 3Supplements Market, by Source– Revenue and Forecast to 2028 (US$ Million)
Table 13. Italy Omega 3Supplements Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 14. Russia Omega 3Supplements Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia Omega 3 Supplements Market, by Source– Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia Omega 3 Supplements Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Europe Omega 3 Supplements Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe Omega 3 Supplements Market, by Source– Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe Omega 3 Supplements Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 20. Glossary of Terms, Europe Omega-3 Supplements Market
LIST OF FIGURES
Figure 1. Europe Omega-3 Supplements Market Segmentation
Figure 2. Europe Omega-3 Supplements Market Segmentation – By Country
Figure 3. Europe Omega-3 Supplements Market Overview
Figure 4. Europe Omega-3 Supplements Market, By Source
Figure 5. Europe Omega-3 Supplements Market, By Country
Figure 6. Europe Omega-3 Supplements Market Players
Figure 7. Europe: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Europe Omega-3 Supplements Market Impact Analysis of Drivers and Restraints
Figure 10. Europe: Omega 3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Europe Omega 3 Supplements Market Revenue Share, by Form (2020 and 2028)
Figure 12. Capsules: Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Soft Gels: Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Others: Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Omega 3 Supplements Market Revenue Share, by Source (2020 and 2028)
Figure 16. Fish Oil : Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Krill Oil: Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Algae Oil: Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Others: Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe: Omega 3 Supplements Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 21. Supermarkets and Hypermarkets: Omega-3 Supplement Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Specialty Stores: Omega-3 Supplement Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Online Stores: Omega-3 Supplement Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: Omega-3 Supplement Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Geographic Overview of Europe Omega-3 Supplements Market
Figure 26. Europe: Omega 3 Supplements Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. Germany: Omega 3Supplements Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. France: Omega 3 Supplements Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. UK: Omega 3 Supplements Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. Italy: Omega 3 Supplements Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. Russia: Omega 3 Supplements Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of Europe: Omega 3 Supplements Market –Revenue and Forecast to 2028 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic in Europe Country Markets
- Church & Dwight, Inc.
- Epion Brands
- NOW Foods
- Nordic Naturals
- Reckitt Benckiser Group plc.
- Pharma Nord B.V.
- Rimfrost As
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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