Factors Driving Growth Within the Omega-3 Supplement Market

New York City, 14 Jan 2019: In 2017, the omega 3 supplement market was worth roughly USD 2,184.3 million. An increasing tendency towards a sedentary lifestyle among the younger age groups has brought about an escalation in the incidence of chronic diseases such as cancer, diabetes, and heart disease. This is expected to drive growth within the market. Furthermore, growing awareness of the therapeutic properties of omega 3 is also expected to support market growth over coming years.

Rising concern for the health of infants is expected to favour demand for infant formula fortified with omega 3. Also, public health agencies across the larger area of Latin America and the Asia Pacific are sensitizing the masses of the importance of infant health. This will eventually contribute towards growth in the omega 3 supplement market. Various companies such as Mead Johnson, Danone, and abbot laboratories are presently engaged in rigorous research to create better formulae suitable for infants. This will have a positive long-term effect on the industry.

It is highly likely that manufacturers will experience higher production costs due to man-made environmental changes such as pollution which affect water quality and marine life. To compensate, some companies are switching to alternative sources of omega 3 such as krill and plants. Online vending and retail distribution are the major channels of distribution. Companies such as Ascent, Now Foods and Jamieson laboratories make use of online platforms such as Walmart and Amazon for the sale of their products. Growing exposure to e-commerce platforms across the world will have a generally positive effect on the industry as it will result in a much larger customer base. Region-wise, North America dominated the largest share in the global Omega 3 market in 2017. Polaris Market Research report on Omega-3 market includes a comprehensive geographic information of the global market –

Request For Sample

Sardines also have large amounts of omega 3. They contain other beneficial nutrients too such as vitamin B-12, and D. The species is less susceptible to heavy metal intake because it largely feeds on plankton. This makes it highly suitable for omega 3 extraction. Increased supply from commercial fish farming is therefore expected to favour market growth. Sardine fish oil is a beneficial addition to infant formulae. The consumption of products derived from sardines by nursing mother’s results in increased concentrations in breast milk which facilitates neural development in new-born babies. Based on the source of Omega-3, the market is categorized under plant, marine and other sources. There are various uses of Omega-3 supplement such as functional food or supplements, medicinal, baby formula, animal food and others.

The continued availability of various species of fish that are highly nutritious and suitable for human consumption has allowed manufacturers to create diverse products. This, combined with the other factors included in the report will continue to drive market growth.  Rising demand from developing economies and evolving consumer perception towards precautionary healthcare are also few key factors projected to deliver huge growth prospects in the coming years. Check out the report to understand in detail about the factors driving growth in the global omega-3 supplement market.

Read More : https://www.polarismarketresearch.com/industry-analysis/omega-3-market/