Omega-3 Supplements Market Size, Trends and Growth Analysis by 2027

The omega-3 supplements market was valued at approximately US$ 28,817.29 million in 2021 and is anticipated to grow to US$ 50,845.88 million by 2028, reflecting a compound annual growth rate (CAGR) of 8.4% from 2021 to 2028.

These supplements are rich in EPA and DHA, sourced from various origins including fish oil, krill oil, algal oil, and more. The increasing incidence of cardiovascular diseases, coupled with rising healthcare costs, is significantly driving the expansion of the global omega-3 supplements market. Companies in this sector are heavily investing in research and development, exploring omega-3 extraction from innovative sources such as plants.

The market is categorized by form into capsules, soft gels, and other formats. In 2020, the soft gels segment held the largest market share and is projected to experience the highest CAGR during the forecast period. The encapsulation of omega-3 products in soft gels helps prevent degradation and employs advanced formulation techniques to mask unpleasant tastes. Soft gels are generally easier to swallow compared to traditional capsules and tablets, as they are tasteless and odorless. Their enhanced absorption and bioavailability facilitate rapid nutrient delivery, which is a key factor propelling the demand for soft gels.

When examining the sources of omega-3 supplements, the market is divided into fish oil, krill oil, algae oil, and others. The fish oil segment dominated the market share in 2020, while krill oil is expected to show the highest growth rate in the coming years. Krill oil is recognized as a sustainable source of omega-3 polyunsaturated fatty acids, rich in long-chain PUFAs such as eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). Similar to fish oil, krill oil offers numerous health benefits, which is likely to increase its demand as an omega-3 supplement.

The distribution channels for omega-3 supplements include supermarkets and hypermarkets, specialty stores, online platforms, and others. In 2020, specialty stores captured the largest market share, while online retail is projected to grow at the fastest rate during the forecast period. The rise of online shopping has significantly contributed to the growth of the omega-3 supplements market, as it lowers operational costs for manufacturers and enables them to reach specific customer segments effectively. The convenience of 24/7 availability, easy access, secure payment methods, prompt service, and home delivery options have made online shopping increasingly appealing to consumers.

Regionally, the omega-3 supplements market is divided into North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). North America held the largest market share in 2020, with the United States being a key market, followed by Canada and Mexico. In these regions, consumers are increasingly adopting healthier lifestyles and are inclined towards products that offer health benefits, such as preventing macular degeneration, reducing the risk of sudden cardiac death in individuals with heart conditions, lowering blood pressure and triglycerides, and managing asthma and other health issues. These health advantages are particularly attractive to health-conscious consumers seeking omega-3 supplements.

Key players in the omega-3 supplements market include Church & Dwight, Inc., Prestige Consumer Healthcare Inc., Pharmavite LLC, Quten Research Institute, Epion Brands, NOW Foods, Nordic Naturals, Reckitt Benckiser Group PLC, Pharma Nord B.V., and Rimfrost AS. These companies offer a diverse range of products and have established a presence in developing regions, creating significant opportunities for market growth. They are focused on developing high-quality and innovative products to meet consumer demands.

The overall size of the omega-3 supplements market has been determined through a combination of primary and secondary research methods. The research process began with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. Additionally, numerous primary interviews were conducted with industry stakeholders to validate the information and gain deeper analytical insights. Participants in this research included industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the omega-3 supplements sector.