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Omega-3 Supplements Market 2021-2028: Industry Trends, Growth, Size, Segmentation, Future Demands and Sales Revenue by Regional Forecast
The omega-3 supplements market is expected to reach US$ 50,845.88 million by 2028 from US$ 28,817.291 million in 2021; it is expected to grow at a CAGR of 8.4% during 2021 to 2028.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.
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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.
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Omega-3 Supplements Market - by Form
Capsules
Soft Gels
Omega-3 Supplements Market - by Source
Fish Oil
Krill Oil
Algae Oil
Omega-3 Supplements Market - by Distribution Channel
Supermarkets and Hypermarkets
Specialty Stores
Online Stores
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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