Market Research Report
Global Omega 3 Supplements Market Size study, by Source, by Form, by Functionality, by End-User, by Distribution Channel and Regional Forecasts 2020-2027
|Published by||Bizwit Research & Consulting LLP||Product code||988174|
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|Global Omega 3 Supplements Market Size study, by Source, by Form, by Functionality, by End-User, by Distribution Channel and Regional Forecasts 2020-2027|
|Published: February 5, 2021||Content info:||
Global Omega 3 Supplements Market Size study, by Source (Fish Oil, Krill Oil, Algae Oil and Others), by Form (Tablets, Capsules, Soft gels and Others), by Functionality (Cardiovascular Health, Brain, Nervous System & Mental Health, Eye Diseases, Diabetes and Others), by End-User (Adults, Geriatric, Pregnant Women, Children and Infants), by Distribution Channel (OTC and Prescribed) and Regional Forecasts 2020-2027.
Global Omega 3 Supplements Market is valued approximately at USD 5.18 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 8.4% over the forecast period 2020-2027. Omega-3 is a polyunsaturated fatty acid that cannot be synthesized in the human body. Thus, consumers consume omega-3 from plant and animal sources in the form of supplements. These supplements are derived from sources such as algae oil, krill oil, fish oil, and others. Omega 3 supplements are available in the form of capsules, tablets, soft gels and others and contains vitamin A, vitamin D3, vitamin E, lycopene, carotenoids, and omega-3 fatty acids. The growing health consciousness among consumers and rising awareness regarding chronic diseases encourages the growth of Omega 3 Supplements Market. For instance: according to American Hospital Association, the number of Americans with chronic medical conditions was 149 million in 2015 and is anticipated to rise to 164 million of Americans suffering from chronic medical conditions in 2025. Furthermore, the rising advancements and other strategic alliance by market key players will create a lucrative demand for this market. For instance: on 12th June 2019, KD Pharma Group launched K2ardio3TM, solution to maintain healthy lipids (triglycerides and cholesterol) and blood vessels and support cardiovascular health. The product includes Omega-3s, Vitamin K2 and phytosterol, a complete lipid and blood vessel management in one product. However, lower fish oil supply due to sustainability issues among fisheries is the major factor restraining the growth of global Omega 3 Supplements market during the forecast period.
The regional analysis of global Omega 3 Supplements Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the vast population facing increased obesity levels and lifestyle-related diseases on account of their dietary habits and availability of several processed and ready-to-eat foods, which are not fundamentally benefiting their health. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Nordic Naturals, Inc.
Reckitt Benckiser Group plc
Pharma Nord B.V
Aker BioMarine AS
Luhua Biomarine (Shandong) Co., Ltd.
KD Pharma Group
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Brain, Nervous System & Mental Health
By Distribution Channel:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2017, 2018
Base year - 2019
Forecast period - 2020 to 2027
Target Audience of the Global Omega 3 Supplements Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
List of figures