Soft Gels Segment to Dominate North America Omega-3 Supplements Market During 2020–2028

According to a new market research study on “North America Omega-3 Supplements Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Form, Source, and Distribution Channel,” is expected to reach US$ 18,825.60 million by 2028 from US$ 11,207.31 million in 2021. The market is estimated to grow at a CAGR of 7.7% from 2021 to 2028. The report provides trends prevailing in the North America omega-3 supplements market along with the drivers and restraints pertaining to the market growth. Increasing awareness regarding chronic diseases, surging emphasis on cognitive development, and raising product innovation efforts by companies are the major factor driving the growth of the North America omega-3 supplements market. However, limited clarity among consumers about the daily recommended intake hinders the growth of North America omega-3 supplements market.

North America is one of the worst-affected economies due to the COVID -19 pandemic. Notable disruption in manufacturing facilities, along with disturbed raw material sourcing, has harmed the production of omega 3 supplements in the region. However, the growing consumer focus on health and wellbeing is boosting the demand for omega 3 supplements in the regional market. As per an article published by National Center for Biotechnology Information (NCBI), the presence of poor nutritional patterns and the pre-existing noncommunicable diseases (NCDs) such as diabetes, chronic lung diseases, and cardiovascular diseases (CVDs) in North American countries have made the patient immunocompromised. Hence, the consumption of ~250–500 mg of combined EPA and DHA each day has been recommended for healthy adults to fight against emerging microbes. This is expected to promote the demand for omega 3 supplements in the region in the long run.

The North America omega-3 supplements market is segmented on the basis of form, source, distribution channel and country. Based on form, the market is segmented into capsules, soft gels, and others. In 2020, soft gels segment held the largest share in the market, it is also expected to be the fastest growing segment during the forecast period. Based on source, the market is segmented into fish oil, krill oil, algae oil, and others. In 2020, fish oil segment held the largest share in the market, and krill oil is expected to be the fastest growing segment during the forecast period. Based on distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online stores, and others. In 2020, specialty stores segment held the largest share in the market, and online stores is expected to be the fastest growing segment during the forecast period. Similarly, based on country the market is segmented into the US, Canada, and Mexico. In 2020, the US held the largest share in the market, and Canada is expected to be the fastest growing country during the forecast period.

Church & Dwight, Inc.; Prestige Consumer Healthcare Inc.; NOW Foods; Nordic Naturals; Reckitt Benckiser Group plc.; Pharma Nord B.V.; Rimfrost As; Pharmavite LLC; Quten Research Institute; and Epion Brands are among the leading companies in the North America omega-3 supplements market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Epion Brands introduced its new Kori Pure Antarctic in Walmart, CVS, Meijer, and HEB. It is also available on Target.com and directly from the product’s website.

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