Global Omega 3 Supplements Market to be Driven by the Increasing Health Concerns in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Omega 3 Supplements Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global omega 3 supplements market, assessing the market based on its segments like source, form, functionality, end user, distribution channel, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/omega-3-supplements-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026)

Historical Market Size (2020): USD 5.6 Billion
Forecast CAGR (2021-2026): 5%
Forecast Market Size (2026): USD 9.20 Billion

Consumers are increasingly shifting to healthier alternatives while adopting preventive care as a necessary tool to help them lead a better lifestyle. Thus, omega 3 supplements are being increasingly consumed as they are a rich source of vitamins, proteins, minerals and render benefits to diseases, such as cancer, asthma, depression, and others. A sedentary lifestyle has resulted in a rising number of chronic diseases, which is expected to propel the product demand. Customers’ attention has moved from reaction to prevention as a result of the COVID-19 pandemic. Consumers are increasingly prioritising immune health, heart health, and overall wellbeing. This, in turn, increased the demand for supplements for mitigating the risk of heart failure, thus positively impacting the product sales. The rising consumer inclination towards plant-based alternatives is expected to drive the demand for algae oil-based supplements.

Industry Definition and Major Segments

A dietary supplement containing omega 3 fatty acids is known as an omega 3 supplement. The supplement has a lot of health benefits and is available in a variety of forms, including tablets, capsules, and pills.

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/omega-3-supplements-market

Based on source, the market is divided into:

Fish Oil
Krill Oil
Algae Oil
Others

The various forms of omega 3 supplements include:

Tablets
Capsules
Soft Gels
Others

On the basis of functionality, the market is segmented into:

Cardiovascular Health
Brain, Nervous System, and Mental Health
Eye Diseases
Diabetes
Others

The significant end users of omega 3 supplements are:

Adults
Geriatric
Pregnant Women
Children
Infants

The major distribution channels of the product include:

OTC
Prescribed

On the basis of region, the industry is divided into:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Market Trends

With the increased cases of age-related macular degeneration (AMD), which might worsen after the age of 60, the geriatric population is expected to account for a large share. Omega 3 supplements can successfully treat AMD, which is expected to drive demand for the product in the forecast future. The population explosion is expected to drive demand for fish oil, which includes concentrated omega-3 fatty acids, over the predicted period. The benefits of omega 3-based supplements are likely to affect purchasing behaviour if they are made known through multiple forms of media, including electronic and print. Also, the growing vegan population, coupled with rising consumer awareness regarding the product benefits, is expected to boost the market growth. Initiatives aimed at enacting favourable regulations, and infrastructure development in the healthcare sector by most governments across the world, are expected to have an impact on the growth and popularity of omega 3 supplements.

Key Market Players

The major players in the market are NutriGold Inc., Pharma Nord B.V., Luhua Biomarine (Shandong) Co., Ltd., Aker BioMarine ASA, KD Pharma Group SA, and Nordic Naturals, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.