Europe Omega-3 Supplements Market

Europe Omega-3 Supplements Market Size Set Expands at Significant CAGR of 12.48% During 2024–2030 to Reach USD 2.05 Billion by 2030

Published | 29 February 2024

Recent years have witnessed a lot of technological advancements in the omega-3 supplement sector. Companies are always creating new goods. In order to improve their current products, they are working on R&D projects to either produce new product forms or alter their sources.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Europe Omega-3 Supplements Market size at USD 0.90 Billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Europe Omega-3 Supplements Market size to expand at a CAGR of 12.48% reaching a value of USD 2.05 Billion by 2030. Recent years have witnessed a lot of technological advancements in the omega-3 supplement sector. Companies are always creating new goods. In order to improve their current products, they are working on R&D projects to either produce new product forms or alter their sources. Currently, soft gels and capsules are the most popular forms of omega-3 supplements on the market.

Opportunity: Surge in geriatric populations

As people age, they become more susceptible to various health concerns such as cardiovascular diseases, cognitive decline, and joint issues. Omega-3 fatty acids, particularly EPA and DHA, are known for their potential benefits in addressing these conditions. For example, omega-3s can support heart health by lowering triglyceride levels and reducing inflammation, while also promoting brain health and cognitive function. With the increasing emphasis on preventive healthcare, older adults are increasingly turning to dietary supplements as a proactive measure to maintain their health and well-being. Omega-3 supplements are widely recognized for their potential role in supporting overall health and reducing the risk of age-related diseases, which resonates with the preventive healthcare mindset of the aging population.

Impact of Geopolitical Tensions on Europe Omega-3 Supplements Market

Supply chains can be disrupted by geopolitical tensions like trade disputes or sanctions, which can cause shortages or delays in the availability of omega-3 supplements. Manufacturers may find it difficult to obtain raw materials if important suppliers are situated in areas impacted by geopolitical unrest, which could result in price rises or shortages of the product. Increased geopolitical tensions have the potential to cause economic instability, which might affect consumer confidence and purchase patterns. There may be a decrease in demand for omega-3 supplements during uncertain times as people choose necessities above dietary supplements. The import and export of dietary supplements may be impacted by changes in trade laws or policies brought about by geopolitical unrest.

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Europe Omega-3 Supplements Market

Segmental Information

Europe Omega-3 Supplements Market - By Type

Based on type, the DHA market is anticipated to expand over the forecast period due to rising consumer demand for supplements that promote general well-being as they become more health-conscious. Due to its well-established advantages for cognitive function and brain health, DHA is a popular supplement among those seeking to promote healthy ageing and preserve mental clarity. DHA is critical for the development of the fetus's brain and eyes throughout pregnancy and for the cognitive growth of the nursing infant.

Competitive Landscape

Europe Omega-3 Supplements Market is fragmented, with numerous players serving the market. The key players dominating the Europe Omega-3 Supplements Market include Nordic Naturals, Arker, BASF SE, Euro Caps, Procter and Gamble Company, Amway Corporation, Archer Daniels Midland Company., Cargill, Croda International Plc, DSM, Nestlé SA. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

Don’t miss the business opportunity of the Europe Omega-3 Supplements Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The report's in-depth analysis provides information about growth potential, upcoming trends, and the Europe Omega-3 Supplements Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Europe Omega-3 Supplements Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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