The global omega 3 market is anticipated to be worth US$ 8.53 Bn in 2022. Sales in the market are slated to grow at a CAGR of 9% between 2023 to 2033, and reach US$ 22.02 Bn by the end of 2033.The market is anticipated to reach a total of US$ 9.3 Bn in 2023.
The demand for omega 3 supplements among athletes in Europe is on the rise, creating a potential market driver. Omega 3 fatty acids are essential nutrients that are linked to improved performance and recovery in athletes, making them a popular supplement choice. Many European athletes are now turning to omega 3 to enhance their training regimens and optimize their performance.
Further, omega 3 has several benefits for athletes, including reduced muscle soreness and improved endurance, strength, and energy levels. Additionally, fatty acids can help reduce inflammation and improve cardiovascular health, both of which are essential for athletes.
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In addition, Omega-3 fatty acids aid in the treatment of arthritis by lowering joint pain and discomfort caused by inflammation. They also aid in the smooth and clean lining of your arteries, allowing the maximum quantity of oxygen-rich blood to reach working muscles. Omega 3 is in demand for athletes, thanks to its plethora of nutritional benefits.
Omega-3 dietary supplements enhance the anabolic impact of exercise and prevent muscle loss. Fish oil also aids in reducing the symptoms of delayed onset muscle soreness (DOMS). For these reasons, increasing demand for omega 3 supplements among athletes in Europe is driving growth in the region.
Key Takeaways from the Omega 3 Market
- The omega 3 market in Europe is likely to witness a robust growth rate during the forecast period.
- K omega 3 market is expected to witness healthy growth during the forecast period.
- Germany is expected to hold significant market share in omega 3 market during the forecast period.
- Growing demand for omega 3 among athletes for supplements will increase the sales of omega 3 in Europe.
“Rising demand for supplements among athletes in Europe, will drive the demand for omega 3. Hence, key players are focusing on relying on developing innovative products to increase their footholds.”– Says an FMI Analyst.
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Competition Landscape in the Omega 3 Market
Key players in omega 3 market are focusing on developing and innovative new product to increase their footprints. They are also investing in technological advancement to expand their product offering across Europe. Additionally, in order to get a competitive edge in the market, the companies are using constant growth strategies.
Ideogen, Anpario, and BASF SE are the key companies in Europe omega 3 market.
Recent Developments
- In December 2019, in order to treat the chronic disease non-alcoholic fatty liver disease (NAFLD), BASF nutrition & health and Ideogen have partnered to deliver an omega-3 fatty acid product to Europe
- In October 2021, Anpario is pleased to introduce Optomega Algae, a new omega-3 fatty acid supplement produced from microalgae that joins well-known Optomega product line.
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Omega 3 Market Segmentation
By Type:
- Docosahexaenoic acid (DHA),
- Eicosapentaenoic acid (EPA),
- Alpha-linolenic acid (ALA),
By Source:
- Marine Source,
- Plant Source
By End-Use:
- Nutraceuticals & Supplements,
- Food & Beverages,
- Pharmaceuticals,
- Personal Care,
- Infant Formulas,
- Fish Feed,
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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