About Omega-3 Supplements
Research indicates that omega-3 supplements can reduce levels of triglycerides and may help relieve symptoms of rheumatoid arthritis. The omega-3 supplement contains omega-3 fatty acids. Omega-3 fatty acids are a family of essential fatty acids that play an important role in the human body found in fish oils, especially from salmon and other cold-water fish. It helps to lower the levels of cholesterol and LDL (Bad Cholesterol) in human blood. The numerous products containing omega-3s have been approved as prescription drugs to be used in combination with diet to reduce triglyceride levels in patients whose triglyceride levels are very high.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Omega-3 Supplements market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Golden Omega (Chile), GC Rieber (Norway), Kinomega (China), Epax (Norway), Croda International (United Kingdom), Sinomega (China), Pharma Marine (Norway), BASF (Germany), Lonza (Switzerland) and Huatai Biopharm (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Cargill (United States), DSM (Netherlands), Polaris (France), KD Pharma (Germany), Runke Bioengineering (China) and Nordic Naturals (United States).
Segmentation Overview
AMA Research has segmented the market of Global Omega-3 Supplements market by Type (ALA (Alpha-Linolenic Acid), EPA (Eicosapentaenoic Acid) and DHA (Docosahexaenoic Acid)), Application (Children, Adults and Geriatric) and Region.
On the basis of geography, the market of Omega-3 Supplements has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Offline Channel (Supermarkets and Hypermarkets, Specialty Stores and Others) will boost the Omega-3 Supplements market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Marine (Fish Oil & Krill Oil and Algal Oil) will boost the Omega-3 Supplements market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Focus on Preventive Healthcare
Market Growth Drivers:
Health Benefits of the Omega-3 Supplements, Increased Marketing and Promotional Activities by Supplement Manufacturers and Robust Increase in the Distribution Channels
Challenges:
High Investment for Research and Development Activities
Restraints:
High Cost Associated With Omega-3 Supplements
Opportunities:
Rising Demand from End-Users and Growth in the Supplement Market
Market Leaders and their expansionary development strategies
On March 2019, Golden Omega, Chilean leading manufacturer of Omega3 concentrates, has announced the acquisition of OmegaTri AS, developer of an innovative Omega-3 compressible powder technology and current client of Golden Omega. The acquisition strengthens Golden Omega’s Delivery Solutions portfolio by the integration of both businesses.
Recently, Evonik launched ground-breaking omega-3 products for dietary supplements. AvailOm is a high-concentration omega-3 lysine complex that exhibits excellent bioavailability and stability.
Key Target Audience
Omega-3 Supplement Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.