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Omega 3 Supplements Market Size To Reach USD 17.12 Billion By 2032, Growing At A CAGR Of 8.83% - SNS Insider
| Report Attributes | Details |
| Market Size in 2023 | US$ 8 billion |
| Market Size by 2032 | US$ 17.12 billion |
| CAGR | CAGR of 8.83% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Key Regional Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East]), Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Key Growth Drivers | Rising demand for cardiovascular, cognitive, and mental health solutions, alongside innovative product offerings |
Segment Analysis
By Source
Fish oil dominated the omega 3 supplements market in 2023, accounting for a substantial 65% of the total market share. Its dominance can be attributed to the high concentration of EPA and DHA, which are the most effective omega-3 fatty acids for cardiovascular and cognitive health. Fish oil's long-standing credibility and cost-effectiveness have made it a preferred choice among consumers globally. Additionally, its availability in various formulations, such as capsules and liquids, further strengthens its market position.
Krill oil is the fastest-growing segment in the omega 3 supplements market. Its superior bioavailability, due to its phospholipid structure, enhances the body's absorption of omega-3s. This oil, derived from tiny crustaceans, has gained popularity among health-conscious consumers who prioritize sustainability and environmental impact. With an increasing number of clinical studies validating its efficacy, the krill oil segment is expected to grow at an accelerated pace throughout the forecast period.
By Form
Soft gels held the largest market share in 2023, accounting for 48% of the global omega 3 supplements market. Their ease of consumption, precise dosing, and ability to mask the fishy taste make them a consumer favorite. Soft gels also provide a long shelf life, preserving the potency of omega-3 oils, which further supports their widespread adoption.
Tablets are emerging as the fastest-growing form of omega-3 supplements, driven by their affordability and ease of production. They appeal to budget-conscious consumers seeking high-dose omega-3 supplementation in a convenient format. As tablets gain traction, particularly in developing markets, manufacturers are innovating formulations to meet varying consumer preferences.
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Omega-3 supplements Market Segmentation:
By Source
- Fish Oil Krill Oil Algae Oil Others
By Form
- Tablets Capsules Soft Gels Others
By Functionality
- Cardiovascular Health Brain, Nervous System & Mental Health Eye Diseases Diabetes Others
By End-user
- Adults Geriatric Pregnant Women Children Infants
Regional Insights
North America held a significant share of the omega 3 supplements market in 2023, driven by high consumer awareness and a well-established supplement industry. The U.S., in particular, leads the region due to robust demand from health-conscious consumers and strong retail distribution networks.
The Asia-Pacific region is the fastest-growing market for omega-3 supplements. Rising disposable incomes, increasing health awareness, and the prevalence of chronic diseases are driving demand in countries such as China, India, and Japan. Moreover, the region's growing vegan and vegetarian populations are contributing to the adoption of plant-based omega-3 supplements.
Recent Developments
- October 2024 : Groupe Berkem joined forces with Arctic Bioscience to introduce B-Romega, an innovative omega-3 supplement tailored for the North American market. This product features herring caviar oil extract, which is rich in phospholipid omega-3s and naturally occurring Specialized Pro-Resolving Mediators (SPMs). April 2024 : Vibrant Health introduced Trilogy, a 3-in-1 supplement that combines multivitamins, omega-3s, and probiotics. This product targets consumers looking for streamlined wellness solutions without compromising quality.
Statistical Insights
- Fish oil remains the leading source, accounting for 65% of the omega 3 supplements market in 2023. However, algae-based omega-3 supplements, a vegan alternative, are growing rapidly, with an annual growth rate of 10.2%, due to the increasing adoption of plant-based diets. Women make up 57% of the consumer base for omega-3 supplements, primarily driven by prenatal health benefits and skincare advantages. In contrast, men tend to use these supplements primarily for cardiovascular and fitness-related benefits. Soft gel capsules dominated the market with a 48% share in 2023 due to their convenience and ease of swallowing. Liquid forms of omega-3 supplements, though less popular, are witnessing a growing adoption rate of 6.8% annually, particularly among children and older adults. Approximately 40% of omega-3 supplement consumers purchase these products for cardiovascular health, making it the most common use case. Cognitive health applications follow closely, accounting for 22% of usage, driven by increasing concerns over aging-related cognitive decline. Online sales accounted for 32% of the market share globally in 2023. Within this, Asia-Pacific saw the highest growth, with online sales increasing by 15% year-over-year, driven by rising e-commerce penetration and health-focused marketing campaigns.
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Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
5.1 Incidence and Prevalence of Omega-3 Deficiency Related Health Conditions (2023)
5.2 Prescription Trends for Omega-3 Supplements (2023), by Region
5.3 Omega-3 Supplement Volume, by Region (2020-2032)
5.4 Healthcare Spending, by Region (Government, Commercial, Private, Out-of-Pocket), 2023
6. Competitive Landscape
7. Omega-3 supplements Market by Source
8. Omega-3 supplements Market by Form
9. Omega-3 supplements Market by Functionality
10. Omega-3 supplements Market by End-user
11. Regional Analysis
12. Company Profiles
13. Use Cases and Best Practices
14. Conclusion
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