Product Code: GVR-4-68040-360-6
Vegan Omega-3 Supplements Market Growth & Trends:
The global vegan omega-3 supplements market is expected to reach USD 2.98 billion by 2030, growing at a CAGR of 9.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is mainly driven by driven by a confluence of health, environmental, and ethical factors. One of the primary drivers is the increasing awareness of the health benefits associated with omega-3 fatty acids, which include improved cardiovascular health, enhanced cognitive function, and anti-inflammatory properties.
Consumers are becoming more health-conscious and are actively seeking plant-based alternatives to traditional fish oil supplements. For example, algae-based omega-3 supplements are gaining popularity as they provide a sustainable and vegan-friendly source of essential fatty acids, particularly EPA and DHA. Environmental concerns also play a crucial role; overfishing and the ecological impact of fish oil production have prompted a shift towards more sustainable sources.
The appeal of vegan omega-3 supplements is further enhanced by the introduction of innovative delivery systems, such as pectin-based softgels. These advancements address concerns regarding gelatin-derived capsules and provide a more attractive option for consumers seeking vegan-friendly supplements. As the market evolves, manufacturers and suppliers have the opportunity to capitalize on the growing demand by offering high-quality, sustainable, and effective vegan omega-3 supplements to meet the needs of a diverse consumer base.
The competitive landscape of the vegan omega-3 supplement market is characterized by a mix of established nutraceutical companies and emerging startups, all vying for a share of this rapidly growing segment. Major players like Barlean's Organic Liquid, LLC, i-Health, Inc., Source Naturals, Inc., NUTRU, Nordic Naturals, Calgee, and NOW Foods, have established a strong presence by leveraging their expertise in plant-based formulations and sustainable sourcing.
Vegan Omega-3 Supplements Market Report Highlights:
- Algae-based vegan omega-3 supplements held a 75.4% market share of global revenues in 2023, driven by increased awareness of the purity and sustainability of algal oil.
- The market is projected to grow at a CAGR of 9.6% from 2024 to 2030. Manufacturers are expanding their product lines to include alternative forms, such as powder, to cater to diverse consumer preferences.
- Cardiovascular vegan omega-3 supplements accounted for 37.0% of global revenues in 2023. These supplements are commonly used for promoting cardiovascular health, offering significant benefits for maintaining heart function and reducing the risk of heart-related issues.
- The market in North America held a 37.1% share of global revenue in 2023, driven primarily by a growing consumer preference for plant-based alternatives and the increasing adoption of vegan and vegetarian lifestyles.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Information & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Regional Outlook
Chapter 3. Vegan Omega-3 Supplements Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales & Retail Channel Analysis
- 3.2.2. Profit Margin Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunities
- 3.3.4. Market Challenges
- 3.4. Industry Analysis
- 3.4.1. Porter's Five Forces Analysis
- 3.4.2. PESTLE Analysis
- 3.5. Market Entry Strategies
Chapter 4. Vegan Omega-3 Supplements Market: Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends & Preferences
- 4.3. Factors Influencing Buying Behavior
- 4.4. Consumer Service Adoption Trends
- 4.5. Key Observations & Findings
Chapter 5. Vegan Omega-3 Supplements Market: Source Estimates & Trend Analysis
- 5.1. Source Movement Analysis & Market Share, 2023 & 2030
- 5.2. Algae
- 5.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3. Flaxseed
- 5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.4. Chia Seeds
- 5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.5. Others
- 5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 6. Vegan Omega-3 Supplements Market: Form Estimates & Trend Analysis
- 6.1. From Movement Analysis & Market Share, 2023 & 2030
- 6.2. Capsules
- 6.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3. Liquid
- 6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4. Powder
- 6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.5. Others
- 6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 7. Vegan Omega-3 Supplements Market: Functionality Estimates & Trend Analysis
- 7.1. Functionality Movement Analysis & Market Share, 2023 & 2030
- 7.2. Cardiovascular Health
- 7.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3. Brain, Nervous System & Mental Health
- 7.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4. Eye Diseases
- 7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5. Diabetes
- 7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.6. Others
- 7.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 8. Vegan Omega-3 Supplements Market: End Use Estimates & Trend Analysis
- 8.1. End Use Movement Analysis & Market Share, 2023 & 2030
- 8.2. Adults
- 8.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3. Geriatric
- 8.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.4. Pregnant Women
- 8.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.5. Children
- 8.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.6. Infants
- 8.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 9. Vegan Omega-3 Supplements Market: Distribution Channel Estimates & Trend Analysis
- 9.1. Distribution Channel Movement Analysis & Market Share, 2023 & 2030
- 9.2. OTC
- 9.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.2.2. Supermarkets/ Hypermarkets/Food Stores
- 9.2.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.2.3. Drug Stores & Pharmacies
- 9.2.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.2.4. Online Retailers
- 9.2.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.2.5. Others
- 9.2.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3. Prescribed
- 9.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.4. Convenience Stores
- 9.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.5. Online
- 9.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.6. Others
- 9.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 10. Vegan Omega-3 Supplements Market: Regional Estimates & Trend Analysis
- 10.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 10.2. North America
- 10.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 10.2.2. U.S.
- 10.2.2.1 Key country dynamics
- 10.2.2.2 Market estimates and forecast, 2018 - 2030 (USD Million)
- 10.2.3. Canada
- 10.2.2.1 Key country dynamics
- 10.2.2.2 Market estimates and forecast, 2018 - 2030 (USD Million)
- 10.2.4. Mexico
- 10.2.2.1 Key country dynamics
- 10.2.2.2 Market estimates and forecast, 2018 - 2030 (USD Million)
- 10.3. Europe
- 10.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 10.3.2. Germany
- 10.3.2.1 Key country dynamics
- 10.3.2.2 Market estimates and forecast, 2018 - 2030 (USD Million)
- 10.3.3. UK
- 10.3.3.1 Key country dynamics
- 10.3.3.2 Market estimates and forecast, 2018 - 2030 (USD Million)
- 10.3.4. Spain
- 10.3.4.1 Key country dynamics
- 10.3.4.2 Market estimates and forecast, 2018 - 2030 (USD Million)
- 10.3.5. Italy
- 10.3.5.1 Key country dynamics
- 10.3.5.2 Market estimates and forecast, 2018 - 2030 (USD Million)
- 10.3.6. France
- 10.3.6.1 Key country dynamics
- 10.3.6.2 Market estimates and forecast, 2018 - 2030 (USD Million)
- 10.4. Asia Pacific
- 10.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 10.4.2. China
- 10.4.2.1 Key country dynamics
- 10.4.2.2 Market estimates and forecast, 2018 - 2030 (USD Million)
- 10.4.3. India
- 10.4.3.1 Key country dynamics
- 10.4.3.2 Market estimates and forecast, 2018 - 2030 (USD Million)
- 10.4.4. Japan
- 10.4.4.1 Key country dynamics
- 10.4.4.2 Market estimates and forecast, 2018 - 2030 (USD Million)
- 10.4.5. South Korea.
- 10.4.5.1 Key country dynamics
- 10.4.5.2 Market estimates and forecast, 2018 - 2030 (USD Million)
- 10.4.6. Australia
- 10.4.6.1 Key country dynamics
- 10.4.6.2 Market estimates and forecast, 2018 - 2030 (USD Million)
- 10.5. Central & South America
- 10.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 10.5.2. Brazil
- 10.5.2.1 Key country dynamics
- 10.5.2.2 Market estimates and forecast, 2018 - 2030 (USD Million)
- 10.6. Middle East & Africa
- 10.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 10.6.2. South Africa
- 10.6.2.1 Key country dynamics
- 10.6.2.2 Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 11. Competitive Analysis
- 11.1. Recent developments & impact analysis, by key market participants
- 11.2. Company Categorization
- 11.3. Participant's Overview
- 11.4. Financial Performance
- 11.5. Product Benchmarking
- 11.6. Company Market Share Analysis, 2023 (%)
- 11.7. Company Heat Map Analysis
- 11.8. Strategy Mapping
- 11.9. Company Profiles
- 11.9.1. Barlean's Organic Liquid, LLC
- 11.9.1.1. Company Overview
- 11.9.1.2. Financial Performance
- 11.9.1.3. Product Benchmarking
- 11.9.1.4. Strategic Initiatives
- 11.9.2. i-Health, Inc.
- 11.9.2.1. Company Overview
- 11.9.2.2. Financial Performance
- 11.9.2.3. Product Benchmarking
- 11.9.2.4. Strategic Initiatives
- 11.9.3. Source Naturals, Inc.
- 11.9.3.1. Company Overview
- 11.9.3.2. Financial Performance
- 11.9.3.3. Product Benchmarking
- 11.9.3.4. Strategic Initiatives
- 11.9.4. NUTRU
- 11.9.4.1. Company Overview
- 11.9.4.2. Financial Performance
- 11.9.4.3. Product Benchmarking
- 11.9.4.4. Strategic Initiatives
- 11.9.5. Nordic Naturals
- 11.9.5.1. Company Overview
- 11.9.5.2. Financial Performance
- 11.9.5.3. Product Benchmarking
- 11.9.5.4. Strategic Initiatives
- 11.9.6. Calgee
- 11.9.6.1. Company Overview
- 11.9.6.2. Financial Performance
- 11.9.6.3. Product Benchmarking
- 11.9.6.4. Strategic Initiatives
- 11.9.7. NOW Foods
- 11.9.7.1. Company Overview
- 11.9.7.2. Financial Performance
- 11.9.7.3. Product Benchmarking
- 11.9.7.4. Strategic Initiatives
- 11.9.8. Sunwarrior LLC
- 11.9.8.1. Company Overview
- 11.9.8.2. Financial Performance
- 11.9.8.3. Product Benchmarking
- 11.9.8.4. Strategic Initiatives
- 11.9.9. Nomolotus, LLC (Truvani)
- 11.9.9.1. Company Overview
- 11.9.9.2. Financial Performance
- 11.9.9.3. Product Benchmarking
- 11.9.9.4. Strategic Initiatives
- 11.9.10. Doctor's Best
- 11.9.10.1. Company Overview
- 11.9.10.2. Financial Performance
- 11.9.10.3. Product Benchmarking
- 11.9.10.4. Strategic Initiatives