Europe Omega-3 Supplements Market

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Analysis By Form (Capsules, Soft Gels, and Others), Source (Fish Oil, Krill Oil, Algae Oil, and Others), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)


No. of Pages: 109    |    Report Code: TIPRE00019839    |    Category: Consumer Goods

Europe Omega-3 Supplements Market
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The omega-3 supplements market in Europe is expected to grow from US$ 8,036.57 million in 2021 to US$ 14,080.95 million by 2028; it is estimated to grow at a CAGR of 8.3% from 2021 to 2028.

 

In recent years, in recent years, the omega 3 supplements market has experienced various technological advancements. Companies continuously engage in new product developments. They are conducting R&D activities to improve their existing products by modifying sources or introducing new product forms. Currently, capsules and soft gels are among the most popular forms in which omega-3 supplements are being offered. However, to cater to the changing tastes and preferences of customers, companies are focusing on introducing omega- 3 in new forms such as powders, candies, and gummies. Candies and gummies are gaining popularity among consumers due to enhanced taste and texture compared to fish oil supplements. Further, companies are also exploring the replacement of traditional sources such as algae and fish oil with new sources such as chia seeds, flax seeds, and walnuts, along with other plant-based sources. Depleting marine sources and increasing consumer inclination toward veganism have encouraged manufacturers to discover alternative sources. For instance, in October 2018, Cargill introduced “Latitude,” a plant-based sustainable alternative source of Omega 3 for fish feed applications. Moreover, in June 2021, Polaris introduced Omegavie DHA 800 oil derived from the microalgae Schizochytrium sp. The oil has a high DHA concentration of ~800 mg/g, which can be utilized to make vegan DHA capsules or tablets. Thus, product innovation efforts are creating lucrative growth opportunities for the omega 3 supplements market players.

 

In Europe, currently France, the UK, and Russia are the worst-impacted countries by the COVID-19 pandemic. The region is estimated to suffer an economic hit due to the lack of revenue from various industries subjected to disruption in supply chain. However, shift in consumer lifestyle and rise in preference towards healthy dietary practices have substantially promoted the demand for omega-3 supplements in the regional market.

 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe omega-3 supplements market. The Europe omega-3 supplements market is expected to grow at a good CAGR during the forecast period.

 

 Europe Omega-3 Supplements Market Revenue and Forecast to 2028 (US$ Million)  

 Europe Omega-3 Supplements Market Revenue and Forecast to 2028 (US$ Million)  
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Europe Omega-3 Supplements Strategic Insights

Strategic insights for the Europe Omega-3 Supplements provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Europe Omega-3 Supplements Report Scope

Report Attribute Details
Market size in 2021 US$ 8,036.57 Million
Market Size by 2028 US$ 14,080.95 Million
Global CAGR (2021 - 2028) 8.3%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Form
  • Capsules
  • Soft Gels
By Source
  • Fish Oil
  • Krill Oil
  • Algae Oil
By Distribution Channel
  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online Retail
Regions and Countries Covered Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Market leaders and key company profiles
  • Church & Dwight, Inc.
  • Epion Brands
  • NOW Foods
  • Nordic Naturals
  • Reckitt Benckiser Group plc.
  • Pharma Nord B.V.
  • Rimfrost As
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    Europe Omega-3 Supplements Regional Insights

    The geographic scope of the Europe Omega-3 Supplements refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    Europe Omega-3 Supplements Market Segmentation

     

    Europe Omega-3 Supplements Market – By

    Form

    • Capsules
    • Soft Gels
    • Others

    Europe Omega-3 Supplements Market – By Source

    • Fish Oil
    • Krill Oil
    • Algae Oil
    • Others

    Europe Omega-3 Supplements Market – By Distribution Channel

    • Supermarkets and Hypermarkets
    • Specialty Stores
    • Online Stores
    • Others

    Europe Omega-3 Supplements Market – By

    Country

    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Rest of Europe

    Europe Omega-3 Supplements Market – Companies Mentioned

    • Church & Dwight, Inc.                                  
    • NOW Foods                                          
    • Nordic Naturals                                    
    • Reckitt Benckiser Group plc.           
    • Pharma Nord B.V.                             
    • Rimfrost As       
    • Epion Brands                                                                                    

    The List of Companies - Europe Omega-3 Supplements Market

    1. Church & Dwight, Inc.    
    2. Epion Brands                                                                                                                  
    3. NOW Foods                                          
    4. Nordic Naturals                                    
    5. Reckitt Benckiser Group plc.           
    6. Pharma Nord B.V.                            
    7. Rimfrost As       
    Frequently Asked Questions
    How big is the Europe Omega-3 Supplements Market?

    The Europe Omega-3 Supplements Market is valued at US$ 8,036.57 Million in 2021, it is projected to reach US$ 14,080.95 Million by 2028.

    What is the CAGR for Europe Omega-3 Supplements Market by (2021 - 2028)?

    As per our report Europe Omega-3 Supplements Market, the market size is valued at US$ 8,036.57 Million in 2021, projecting it to reach US$ 14,080.95 Million by 2028. This translates to a CAGR of approximately 8.3% during the forecast period.

    What segments are covered in this report?

    The Europe Omega-3 Supplements Market report typically cover these key segments-

    • Form (Capsules, Soft Gels)
    • Source (Fish Oil, Krill Oil, Algae Oil)
    • Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail)

    What is the historic period, base year, and forecast period taken for Europe Omega-3 Supplements Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Omega-3 Supplements Market report:

  • Historic Period : 2019-2020
  • Base Year : 2021
  • Forecast Period : 2022-2028
  • Who are the major players in Europe Omega-3 Supplements Market?

    The Europe Omega-3 Supplements Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Church & Dwight, Inc.
  • Epion Brands
  • NOW Foods
  • Nordic Naturals
  • Reckitt Benckiser Group plc.
  • Pharma Nord B.V.
  • Rimfrost As
  • Who should buy this report?

    The Europe Omega-3 Supplements Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Europe Omega-3 Supplements Market value chain can benefit from the information contained in a comprehensive market report.

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