World Omega-3 Supplements Market Size to Grow at a CAGR of 8.4% During the Forecast Period 2021-2026
Owing to their busy and hectic lifestyles, consumers are becoming more interested in high-quality supplement products, enhancing the World Omega-3 Supplements industry potential. Omega-3 fatty acids are a kind of fat that are found in both food and the human body. They are marketed as Dietary supplements. Supplements containing fish liver oil, such as cod liver oil, include EPA and DHA, and vitamins A and D, in varying quantities depending on the product. A dietary supplement containing omega-3 fatty acid which provides necessary vitamins and minerals to preserve overall health and fitness. Omega 3 consumption has been shown to lower the risk of heart disease. Blood contains a kind of fat called triglycerides. Dietary supplements containing omega 3 fatty acids, when combined with regular exercise, assist improve metabolic and cardiovascular health. The Council for Responsible Nutrition's (CRN) Consumer Survey on Dietary Supplements, now in its 20th year, indicates the greatest overall dietary supplement consumption to date, with 77% of Americans saying they take supplements. According to the poll, the majority of both males and females aged 18 and above consume dietary supplements, which is consistent with prior data. Adults between the ages of 35 and 54 use the most dietary supplements of any age group, at 81%. While the industry continues to develop, these regulated goods have unquestionably become mainstream. Every year, more than three-quarters of Americans use dietary supplements, indicating the critical role supplementing plays in their overall health and wellness regimens, according to Nancy Weindruch, vice president of communications for the Council for Responsible Nutrition. Most children and adults in the United States get recommended levels of omega-3s as ALA (alpha-linolenic acid), according to data from the 2011–2012 National Health and Nutrition Examination Survey (NHANES).
World Omega-3 Supplements Market Segment Analysis – By Form:
Based on Form, World Omega-3 Supplements Market is segmented into Capsules, Tablets, Soft Gels, Others. In 2020, the Soft Gels category accounted for the greatest revenue market share. Soft gels, which are an oral dosage type of omega-3 fatty acid supplements, include a gelatin-based shell that surrounds a liquid fill. Soft gels are easier to swallow than pills and capsules since they have no unpleasant odor and are tasteless. The enhanced absorption and bioavailability they provide, which results in rapid breakdown, instant nutritional delivery, are the major factors driving their demand. Omega-3 acid ethyl esters, a kind of lipid found in fish oil, are used in conjunction with diet and exercise to help decrease blood fat levels (triglyceride). These supplements, which are prepared from fish oil such as cod liver oil and other sources, have an unpleasant taste, smell, and odor and are only available in soft gel form. Soft gels are also available in the form of vitamin A, vitamin D3, vitamin E, carotenoids, lycopene, and omega-3 fatty acids, in addition to omega-3 supplements. Soft gels are predicted to experience a significant increase in use attributed to their smooth texture and taste masking properties. EPA and DHA, and vitamins A and D, are included in fish liver oil supplements, such as cod liver oil, in variable amounts depending on the product. The capsules category is anticipated to expand with the fastest CAGR of 8.8% in the forecast period 2021-2026. Capsules are gelatin shells or receptacles that hold powder or spheroid from medicines. Some people require medication to reduce their triglyceride levels. Omega-3-Acid Ethyl Esters capsules are a prescription medication that is used in conjunction with a low-fat, low-cholesterol diet to help individuals with extremely high triglyceride levels. Several omega-3-rich items have been licensed as prescription medicines to be used in conjunction with diet to lower triglyceride levels in individuals with extremely high triglyceride levels. In addition to gelatin, which is an animal-derived casing material, plant-derived casing materials such as hydroxypropyl methylcellulose and polysaccharide matrix are utilized to create capsules. Plant-based case materials are anticipated to be in high demand owing to the overwhelming vegan population throughout the world.
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World Omega-3 Supplements Market Segment Analysis – By Functionality:
Based on Functionality, World Omega-3 Supplements Market is segmented into Diabetes, Cardiovascular Health, Eye Diseases, Brain, Nervous System, and Others. Cardiovascular health is the category with the greatest revenue share in 2020. Supplementing with omega 3 fatty acids helps to avoid cardiovascular disease, stabilize heartbeats, lower bad cholesterol, and keep blood pressure in check. As a result of these benefits, omega 3 supplements are likely to grow in popularity. According to the American Heart Association, roughly 17.3 million people worldwide were diagnosed with heart disease in 2017. People in industrialized countries like the United States, France, the United Kingdom, and Spain have high cholesterol and blood pressure. As a result, high-graded health supplements in the form of omega-3 fatty acid supplements are in great demand. The Nervous system segment of omega 3 supplements, on the other hand, is anticipated to expand at the fastest CAGR of 9.1% in the forecast period 2021-2026. Epilepsy affects approximately 50 million people globally, according to the World Health Organization. Furthermore, as of 2017, depression had affected more than 322 people in the United States alone. Furthermore, the number of persons with epilepsy has grown in the United States in recent years. According to the Centers for Disease Control and Prevention (CDC), around 3 million people suffer from epilepsy. Anxiety affects approximately 18.1 percent of the US population each year, according to the Anxiety and Depression Association of America.
World Omega-3 Supplements Market Segment Analysis – By Geography
Based on Geography, in 2020, the North America World Omega-3 Supplements Market accounted for 44% of total sales. The region has a large population of people suffering from obesity and other lifestyle-related disorders, which are largely caused by changing dietary demands and habits as a result of processed and ready-to-eat meals, which wreak havoc on people's health. Aside from nutrition, the development of supplements and other functional foods has resulted in several health benefits. According to a study performed by the New York State Government, by 2020, about 610,000 people in the state would die from heart-related diseases. As a result, such a dietary supplement with increased nutritional value is predicted to support the region's rise in omega 3 fatty acid supplements. Triglyceride levels that are too high can increase the risk of heart disease. Low triglyceride levels can be achieved by dietary modifications, weight loss, and exercise. Over the research period, the Asia Pacific omega 3 supplements market is estimated to develop at a healthy rate. This is largely owing to rising health supplement spending, increased consumer awareness, and the expansion of fitness centers in the region. Furthermore, the region's market for omega 3 supplements is expected to develop owing to a growing elderly population, rising healthcare expenditures, and international firms' strong focus on extending their distribution network. Furthermore, in a nation like India, lifestyles are evolving in the same way that they are in Western countries, resulting in lifestyle-related diseases like obesity, diabetes, and other heart-related disorders. As a result, metropolitan populations with a lot of disposable cash are turning to nutritional supplements to prevent illnesses of any type.
World Omega-3 Supplements Market Segment Analysis Drivers
Rising Awareness of Omega-3 Fatty Acids:
Customer preferences for nutritional supplements and fortified food and beverage items containing fish oil, such as cod liver oil, are driving the market for World Omega-3 Supplements. By reducing triglyceride levels in the blood, omega-3 is considered to reduce the risk of heart disease and coronary artery disease. Omega-3 is finding usage in a variety of applications owing to its numerous health advantages, such as the use of DHA in newborn formulae for growth and brain development, which is critical at the infant level. Growing amounts of omega-3 fatty acids in dietary supplements are also being developed in response to increased demand for high Omega-3 intake. Ingredients derived from DHA are also utilized to treat type 2 diabetes, dementia, and cardiovascular disease. It's also used to help with eyesight, eye disease prevention, and depression prevention and treatment. Further, product demand will be driven by increased investment in baby feeding product innovation.
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World Omega-3 Supplements Market Segment Analysis Challenges
Increasing Cost of Raw Materials:
The rising cost of raw materials, particularly natural components, has put a dent in many small-scale providers' profit margins. For suppliers sourcing from China, India, and the United States, the position is much more perilous. Since then, the new COVID-19 has wreaked havoc on these countries in recent months. Furthermore, variable input costs and labor costs have affected and continue to influence the profitability margins of suppliers and distributors. In addition, one of the defining factors limiting market growth is the lack of uniformity in norms and guidelines in the worldwide Omega-3 Supplements market. Regulations on the usage of EPA/DHA (Omega 3) and its inclusion in the food category differs from nation to country. Owing to a lack of restrictions, it is possible that health-related claims may be misrepresented. Functional food, for example, is a term used in Japan to describe processed foods that contain ingredients that help with particular body processes. Functional foods, on the other hand, can contain biotechnology-derived ingredients in the United States.
World Omega-3 Supplements Market Segment Landscape:
Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the World Omega-3 Supplements Market. World Omega-3 Supplements Market top 10 companies are Optimum Nutrition, Inc ., Nordic Naturals, Inc., NutriGold Inc., NOW Foods, Vital Choice Wild Seafood & Organics, Pharmavite LLC, i-Health, Inc., KD Pharma Group, Reckitt Benckiser Group plc, GlaxoSmithKline plc, Pharma Nord B.V, Natrol LLC, OmegaBrite, Carlson Laboratories, VAYA Pharma, SPC, Bionova, The Nature's Bounty Co., and Arkopharma.
Acquisitions/Product Launches:
In May 2020, DSM expanded its nutrition offering with the addition of ARA and DHA powder, which is ideal for newborn feeding. This powder has at least 110 mg of DHA and ARA. Furthermore, it is made from vegetarian DHA omega-3 and ARA omega-6, both of which help fulfill global sustainability standards.
Key Takeaways
Omega-3 Supplements are in high demand owing to the numerous health advantages that omega 3 fatty acids give. This is anticipated to propel market growth throughout the forecast period.
Regular use of omega 3 components in food items help to reduce depression and enhance the effectiveness of antidepressants. Moreover, DHA intake is beneficial to newborns' neurological and visual development.
Omega-3 fatty acids are commonly used in Cosmetics and personal care products with low concentrations in products such as sun care, haircare, makeup, and color cosmetics.
The epidermis' epidermal membranes are strengthened by omega 3 fatty acids. These fatty acids are also important in decreasing UV light-induced solar damage and the development of cancer cells.
Related Reports:
A. Omega 3 Supplement Market
https://www.industryarc.com/Research/Omega-3-Supplement-Market-Research-504946
B. Global Fish Oil Market
https://www.industryarc.com/Research/Global-Fish-Oil-Market-Research-511202
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