The global market for omega-3 supplements was valued at a substantial USD 5.58 billion in 2020 and is projected to grow at a robust compound annual growth rate (CAGR) of 8.6% from 2020 to 2028. This growth is primarily driven by the increasing prevalence of chronic diseases linked to sedentary lifestyles.
Omega-3 fatty acids play a crucial role in reducing the risk of heart-related issues, such as abnormal heart rhythms that can lead to sudden cardiac death. They also help lower triglyceride levels, slow the progression of plaque buildup in arteries, and decrease blood pressure. As consumers become more health-conscious and prioritize preventive healthcare, they are increasingly turning to omega-3 supplements as a convenient way to boost their nutrient intake. These supplements are rich in essential vitamins, proteins, and minerals, offering a range of health benefits, including potential protection against cancer, asthma, depression, and other conditions.
The United States dominates the North American market, accounting for a significant 77.7% share of the revenue in 2020. The American Heart Association's recommendation to consume fish to maintain optimal omega-3 levels has further fueled market growth. Additionally, the rising awareness of the benefits of omega-3 supplements among consumers is driving demand. As socioeconomic development continues to accelerate, the incidence of heart disease, cancer, and diabetes is increasing across various population segments. This trend, coupled with growing health consciousness, is leading consumers to opt for dietary supplements like omega-3, which promote heart health, support infant development, contribute to cancer prevention, and offer numerous other health advantages.
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Form Segmentation Insights
Soft gels accounted for the largest share (41.3%) of the global market in 2020. These are oral dosage forms with a gelatin shell containing liquid fill. They are preferred over tablets and capsules due to their ease of swallowing, lack of odor, and tasteless nature. Key factors driving their demand include enhanced absorption, bioavailability, fast disintegration, immediate nutrient delivery, and quicker action. Soft gels are particularly suitable for fish oil supplements, as they mask the unpleasant taste and odor.
Beyond omega-3 supplements, soft gels are also used for vitamins A, D3, E, carotenoids, lycopene, and other dietary supplements. Their smooth texture and taste-masking properties are expected to fuel significant growth in their application. Capsules, another common dosage form, are shells made of gelatin or plant-based materials like hydroxypropyl methylcellulose and polysaccharide matrix. Plant-based capsules are gaining popularity due to the rising vegan population.
Gummies, a chewable form of omega-3 supplements, are gaining traction, especially among adults and children who dislike pills. Their easy assimilation, visual appeal, and variety of flavors contribute to their popularity.
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