The global fish oil supplement market is expected to witness moderate growth during the forecast period between 2021 and 2031.
Fish oil supplements have gained popularity in the last few years because of the health benefits they offer. Some of the ingredients in fish oil supplements include eicosapentaenoic acid (EPA), omega-3 fatty acids, and docosahexaenoic acid (DHA).
The presence of DHA and EPA in fish oil supplements have helped improve heart health by decreasing plagues, cholesterol levels, and triglycerides. They have also played a key role in controlling blood pressure.
In addition to this, fish oil supplements have also proven beneficial in decreasing the risk of Alzheimer's disorder as well as help improve brain and eye health.
Rising consumer preference towards healthy food supplements is the key growth driver for the global fish oil supplement market.
Also, recent studies have shown that the consumption of foods rich in fish oil supplements has led to protecting the skin and the teeth as well as helping build muscles. As a result, the demand for fish oil supplements is expected to rise and, in turn, bolster the overall fish oil supplement market.
Government initiatives and measures such as providing funding for leading players could also contribute to the overall market growth, in the coming years.
Over-the-counter distribution channel is expected to make the largest contribution to the overall fish oil supplement market in future because of large number of consumers opting to purchase these products after physically viewing the ingredients, depending on their requirements.
Adult end-user segment is anticipated to contribute the most to the overall market in the years ahead because of increasing need to maintain good health among large number of adults, globally.
The global fish oil supplement market is highly competitive, with the presence of several leading players, many of whom have become successful owing to years of delivering consistent results.
Many of these players are expected to account for a large share in the overall market, in the years ahead.
Growth strategies such as new product launches could help well-established market players gain a competitive edge over the other players.
In 2021, Nuseed Nutritional US Inc was offered a product approval by the FDA for the use of Nutriterra Total Omega-3 as a new dietary ingredient. The new product has been found sustainable, ever since they have been available to consumers.
Prominent market players could collaborate with smaller players in a bid to expand their market presence and increase their revenue shares.
Leading market players could establish R&D centers in different parts of the world which would exclusively function to produce improved quality of products.
Some of the leading players in the global fish oil supplement market include Omega Protein Corporation, Nordic Naturals, Oceana Group, TASA, and Nature's Ways Products Inc.
North America is anticipated to be the dominant region in the global fish oil supplement market because of increasing population suffering from obesity in countries such as US and Canada.
Also, rising population suffering from lifestyle-related diseases because of unhealthy eating habits could contribute to fish oil supplement market growth in North America.
Asia Pacific is expected to offer lucrative growth opportunities to the overall market in the coming years because of increasing demand for health-enhancing food products, particularly among sports athletes residing in countries such as India and China.
Europe is anticipated to witness strong growth in the global fish oil supplement market because of increasing prevalence of chronic diseases such as diabetes in countries such as Italy and Germany.
Other regions of the world such as Middle East and Africa and Latin America are expected to witness moderate growth in the overall market, in the coming years.
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Fish Oil Supplements Market
*86 figures and 60 tables includes