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Omega 3 Supplements Market Outlook and Forecast 2025: Growth Factors, Trends, Top Companies Analysis for Business Prospects
by Jitendra Magar · September 21, 2018
The global omega 3 supplements market size is expected to reach a value of USD 57.06 billion by 2025. It is anticipated to expand at a CAGR of over 6.0% during the forecast period. The market is majorly driven by exponential demand for dietary supplements from developed and developing economies. Increasing awareness regarding weight loss Wholelsale Womens Asics Shoes , balanced diet, and daily calorie monitoring are the key growth drivers. Furthermore, rising consciousness regarding the importance of omega 3 supplements owing to high prevalence of heart diseases within emerging economies such as China and India is expected to drive demand for omega 3 supplements in near future.
In India, heart diseases is one of the top causes of mortality Wholelsale Mens Asics Shoes , accounting for 1.7 million deaths in 2017, which is more than 53% from 2005. Additionally, Chronic Obstructive Pulmonary Disease (COPD) caused 848,000 deaths in 2016 Wholelsale Asics Shoes , up by 22.7% compared to 2005. Such an increase in prevalence of heart diseases is expected to drive demand for dietary supplements propelling market for omega 3 supplements.
Rising cases of chronic diseases are expected to have a positive impact on the omega 3 supplement market. According to the World Health Organization (WHO), over 14 million people between the age of 30 to 70 die every year due to various chronic diseases. Rising government support and initiatives for affordable pharmaceutical drugs is expected to propel demand for omega 3 based pharmaceuticals in the forthcoming years.
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Increasing obesity coupled with enhanced healthcare infrastructure in developing nations such as China, India, South Africa Cheap Asics Shoes Online , and Brazil is expected to drive product demand over the forecast period. Rising consumer willingness to pay for costly nutraceuticals and supplements owing to health concerns is anticipated to propel the market for omega 3 supplements. The market is highly competitive in nature with manufacturers looking to develop low cost products to fulfil rising demand from emerging economies.
Asia Pacific is expected to emerge as the fastest growing market for omega 3 supplements. Japan is one of the largest sardine fishing countries, which is expected to propel regional growth in near future. The region accounted for approximately 37% of market share in terms of revenue in 2016 and is expected to expand at a CAGR of over 10% by 2025. Increasing population in China and India is projected to drive regional demand for infant formulas. In addition, demand for packaged baby nutrition formulas owing to growing percentage of working women coupled with rising disposable income of parents is anticipated to augment regional market over the forecast period.