North America Omega-3 Products Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.80 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Omega-3 Products Market Analysis
The North American omega-3 products market is projected to register a CAGR of 6.8% during the forecast period, 2020-2025.
The food regulators in North America, USFDA in 2014, approved three omega-3 drugs for the heart health applications. This factor is expected to boost the growth of the omega-3-based pharmaceutical products market in the near future.
Omega-3 products required for the fortification of infant formula are expected to record a high demand in the North American countries, as consumers are willing to pay higher for high-quality products that can elevate their healthier living lifestyles.
North America Omega-3 Products Market Trends
This section covers the major market trends shaping the North America Omega-3 Products Market according to our research experts:
The United States Continue to Dominate the Market Share
The increasing awareness about the long-term benefits of omega-3 consumption, fortified product availability, and the growing market acceptance for such products are scaling up the demand. Americans are becoming increasingly aware of the need for omega-3 products, as a part of a healthy diet. Roughly 17% of US consumers supplement their diet with omega-3.
On the other hand, there are approximately 35 million vegetarian buyers and 15 million vegans in the United States. They consume a limited amount of DHA through their diet. Alternatively, this has led to the growing popularity of the algae-based omega-3 products in the region.
The Rising Prevalence of Heart Diseases
Across the United States, the prevalence of heart disease is linked to a couple of key factors, such as high blood pressure, high cholesterol levels, and smoking. Other medical conditions linked to heart diseases, namely diabetes, overweight and obesity, unhealthy diet, and physical inactivity, are playing a key role in frequent heart attacks. Heart disease is the leading cause of death for people of most racial and ethnic groups in the United States, including African American, American Indian, Alaska Native, Hispanic, and white men.
Omega-3 has various health benefits, such as the prevention of cardiovascular diseases, by reducing triglyceride levels and obesity, enhancing bone and inflammatory health, and increasing immunity. Omega-3 fatty acids have been proven to help overweight individuals, by contributing to the improvement of body composition, by increasing metabolism and fat-burning potential.
North America Omega-3 Products Industry Overview
The omega-3 market in North America encompasses leading manufacturers, such as Unilever, Abbott, and Nestle SA. The companies manufacturing omega-3 products are majorly focused on developing innovative products to cater to the increasing demand for health benefit products by the North American consumers. On the other hand, major players are seeking expansions within the region that will allow them to develop novel products at massive scale, both, for domestic consumption and export-oriented reasons, along with investing heavily in research and development, which allows them to stay ahead in the competition.
North America Omega-3 Products Market Leaders
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Unilever
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Abbott Laboratories
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GNC
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Herbalife Nutrition
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Amway Corp
*Disclaimer: Major Players sorted in no particular order
North America Omega-3 Products Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Functional Food
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5.1.2 Dietary Supplements
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5.1.3 Infant Nutrition
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5.1.4 Pet Food and Feed
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5.1.5 Pharmaceuticals
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5.2 By Distribution Channel
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5.2.1 Grocery Retailers
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5.2.2 Pharmacies and Health Stores
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5.2.3 Internet Retailing
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5.2.4 Other Distribution Channels
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Mexico
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5.3.1.4 Rest of North America
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Position Analysis
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6.4 Company Profiles
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6.4.1 Unilever
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6.4.2 Amway Corp.
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6.4.3 Herbalife Nutrition
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6.4.4 Nestle SA
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6.4.5 GNC
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6.4.6 Reckitt Benckiser Group PLC
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6.4.7 Abbott Laboratories
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6.4.8 Nutrigold Inc.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Omega-3 Products Industry Segmentation
The North American omega-3 products market is segmented by product type, distribution channel, and geography. On the basis of product type, the market is segmented into functional foods, dietary supplements, infant nutrition, pet food and feed, and pharmaceuticals. By distribution channel, the market is further segmented into grocery retailers, pharmacies and health stores, internet retailing, and other distribution channels. By geography, the study covers the United States, Canada, Mexico, and the rest of North America.
| By Product Type | |
| Functional Food | |
| Dietary Supplements | |
| Infant Nutrition | |
| Pet Food and Feed | |
| Pharmaceuticals |
| By Distribution Channel | |
| Grocery Retailers | |
| Pharmacies and Health Stores | |
| Internet Retailing | |
| Other Distribution Channels |
| Geography | ||||||
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North America Omega-3 Products Market Research FAQs
What is the current North America Omega-3 Products Market size?
The North America Omega-3 Products Market is projected to register a CAGR of 6.80% during the forecast period (2024-2029)
Who are the key players in North America Omega-3 Products Market?
Unilever, Abbott Laboratories, GNC, Herbalife Nutrition and Amway Corp are the major companies operating in the North America Omega-3 Products Market.
What years does this North America Omega-3 Products Market cover?
The report covers the North America Omega-3 Products Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Omega-3 Products Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Omega-3 Products in North America Industry Report
Statistics for the 2024 Omega-3 Products in North America market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Omega-3 Products in North America analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Omega-3 Products Market in North America Report Snapshots
