Global Omega 3 Supplement Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Global Omega 3 Supplement Market Overview:

“The global Omega 3 Supplement Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Omega 3 fatty acids are found in plants, nut oil, and in fishes namely tuna, salmon, halibut, and in other sea foods like krill and algae. Omega 3 fatty acids are essential fatty acids that are necessary for human health. These fatty acids play a crucial role in brain functioning and growth & development of the human body. Consumption of omega 3 reduces the risks of chronic diseases such as cancer, heart diseases, and arthritis.

Most of the people these days prefer sedentary lifestyle which resulted increase in chronic diseases which is estimated to boost the market growth over the forecast period. Rising consumer awareness regarding the health benefits by consumption of omega 3 fatty acids is expected to fuel the market growth. Online selling and retail stores are the two major sales channels in the market. Most of the companies sell their products by their own portal or through online retail channel such as Amazon and Walmart. Increasing number of consumer coverage to online media is expected to increase the customer base of the market players.

Fish oil is expected to be the largest source segment of the global omega 3 supplement market. Fishes provide high vitamins and nutrients that are beneficial to the human body. Various benefits offered by the fish oil is expected to drive the market growth. Moreover, The American Heart Association recommends eating of fish twice a week to fulfill the vitamins and nutrients.

Infant formula is expected to dominate the market and the expected to have its dominance over the forecast period due to growing demand for omega 3 supplements for functional development of infants and children up to two years.

North America is expected to be the largest market region. Rising occurrence of chronic diseases along with growing customer preference to spend on supplements is expected to boost the market growth in the region over the forecast period.

Market segmentation and key players operating in the global market:

Global Omega 3 Supplement Market segmentation, by source:

• Fish oil
• Krill oil
• Others

Global Omega 3 Supplement Market segmentation, by application:

• Food & beverage
• Nutraceutical supplement
• Pharmaceutical
• Infant formula
• Others

Global Omega 3 Supplement Market segmentation, by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa