Global Omega 3 Supplements Market is anticipated to reach USD 57.07 billion by 2025 owing to the growing application along with increasing demand from the infant formula. Omega 3 supplements (also known as ω-3 fatty acids or n-3 fatty acids) are combination of polyunsaturated fatty acids that are important for multiple functions in human body. Few types of omega 3 supplements are found in food products like shellfish and fatty fish, others are observed in vegetable oils and rest are found in dietary supplements.
Omega 3 supplements are also linked to healthy aging throughout life. Recently researched, EPA and DHA (eicosapentaenoic acid and docosahexaenoic acid) are being associated with fetal development, Alzheimer’s disease, and cardiovascular function. Human body is unable to produce omega 3 supplements from the marine sources and therefore it becomes necessary to obtain high amount of protein through fish-oil and fish products. EPA and DHA are not only essential for the fetal development but also necessary for neuronal, immune and retinal function.
Rising environmental pollutants that are affecting the marine life are the reason for the increased production cost of products. Some market players are opting to substitutes like plant-based and krill-based by including krill oil, fish oil, etc. to control product costs. These products possess medical benefits like improving heart health, lowering the blood pressure and reducing triglycerides, which are also likely to boost the demand for krill oil.
The growing demand from end-users and the rise in awareness among consumers concerning healthy eating and health benefits of omega 3 supplements are the major drivers of omega 3 supplement industry. However, the strict regulations and high cost are projected to hinder the market in the forecast period.
Additionally, Asia Pacific are estimated to register considerable growth in comparison to saturated markets of North America and Europe. Omega- 3 supplements market is also expected to reduce due to low cost of vegetative sources like vegetable oils, soya products and nuts & seeds. The production from these vegetative sources is currently on the rise form the global economies.
Several factors like government efforts to educate consumers and offer superior healthcare services and urbanization are projected to fuel the use of omega 3 supplement products. Additionally, growing consumer willingness to spend on the omega-3 supplement products are estimated to display a positive outlook on the omega 3 supplement market. The rising opportunities from the sports nutrition market owing to growing preference for leading an active lifestyle along with rising awareness for about omega 3 benefits are projected to play major role in the growth of omega 3 supplements industry.
Omega 3 supplement market is categorized on the basis of product type, source, application and geography. On the basis of product type, the market is divided into DHA (docosahexaenoic acid), EPA (eicosapentaenoic acid), and ALA (alpha-linolenic acid). DHA is predicted to dominate the omega 3 supplements industry followed by ALA and EPA. In terms of source, the market is segmented as nuts & seeds, marine, vegetable oils, and soya products. On the basis of application, omega 3 supplements is divided into pharmaceuticals, dietary supplements, food & beverages, infant formulas, pet food and fish feed.
Geographically, omega 3 supplements market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to hold larger share of the market in the forecast period. The key omega 3 supplements industry players profiled here comprise Omega Protein Corporation, Royal DSM, FMC Corporation, Croda International Plc, Cargill Incorporated, OLVEA Fish Oils, GC Rieber Oils, Polaris, LuhuaBiomarine (Shandong) Co., Ltd., and Pharma Marine AS.
Omega 3 Supplements Source Outlook (Revenue, USD Million, 2014 - 2025)
• Fish Oil
• Cod Liver
• Krill Oil
Omega 3 Supplements Application Outlook (Revenue, USD Million, 2014 - 2025)
• Infant Formula
• Food & Beverages
• Nutritional Supplement
• Pet & Animal Feed
• Clinical Nutrition
Omega 3 Supplements Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• Asia Pacific
• Central & South America
• Middle East & Africa
Research Support Specialist, USA