Middle East and Africa Omega-3 Supplements Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Form (Capsules, Soft Gels, and Others), Source (Fish Oil, Krill Oil, Algae Oil, and Others), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
The omega-3 supplements market in Middle East & Africa is expected to grow from US$ 2,027.53 million in 2021 to US$ 3,782.63 million by 2028; it is estimated to grow at a CAGR of 9.3% from 2021 to 2028.
The vegan population in developed countries has increased rapidly in the past few years. Preventing the exploitation environment is the key reason for consumers' preference toward a vegan diet, due to which there is a rising demand for plant-based dietary supplements in the market. Omega- 3 fatty acids are majorly produced from fish, algae, krill, etc. However, factors such as overfishing and environmental issues, such as ocean warming, have prompted consumers to include viable and sustainable alternative sources of omega-3, which do not contribute to the depletion of natural resources. Various plant-based sources such as flax seeds, chia seeds, ahiflower, walnuts, hemp seeds, seaweed, and algae are also enriched with omega-3 fatty acids. Apart from this, consumers’ shift toward a healthier lifestyle has raised the popularity of flexitarian, vegetarian, and vegan diets, which has opened up exciting opportunities for omega- 3 supplements manufacturers. These companies are trying to develop innovative products by using minimal or no animal-derived ingredients. For instance, DSM Life's OMEGA is a unique, plant-based alternative to fish oil-based products, containing at least 500 mg/g of EPA and DHA in the triglyceride form, derived from a vegetarian source. Thus, the escalating consumer preferences toward vegan supplements is giving rise to several key trends that will boost the dietary supplements market growth in the coming years.
Turkey, South Africa, Iraq, and Israel are among the major countries in the Middle East & Africa, which have reported a high number of COVID -19 cases. According to the International Finance Corporation, the COVID -19 pandemic has had a severe impact on the economy in this region, which has led to a decline in oil production, tourism, and remittances. The quarantine measures implemented for sanitary purposes in the region have led to disruptions in several activities across diverse economic sectors. The MEA comprises many growing economies, which are prospective markets for omega 3 supplements vendors. The pandemic has significantly propelled the growth of the omega 3 supplements market in the region on the back of health benefits associated with these products.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East & Africa omega-3 supplements market. The Middle East & Africa omega-3 supplements market is expected to grow at a good CAGR during the forecast period.
Middle East & Africa Omega-3 Supplements Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Omega-3 Supplements Market Segmentation
Middle East & Africa Omega-3 Supplements Market – By Form
- Capsules
- Soft Gels
- Others
Middle East & Africa Omega-3 Supplements Market – By Source
- Fish Oil
- Krill Oil
- Algae Oil
- Others
Middle East & Africa Omega-3 Supplements Market – By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
- Others
Middle East & Africa Omega-3 Supplements Market – By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
Middle East & Africa Omega-3 Supplements Market – Companies Mentioned
- Church & Dwight, Inc.
- NOW Foods
- Nordic Naturals
- Reckitt Benckiser Group plc.
- Pharma Nord B.V.
- Epion Brands
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Middle East & Africa Omega-3 Supplements Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinion
5. Middle East & Africa Omega-3 Supplements Market Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Surging Awareness Regarding Chronic Diseases:
5.1.2 Ramping Emphasis on Cognitive Development:
5.2 Key Market Restraints
5.2.1 Insufficient clarity among consumers about the daily recommended intake:
5.3 Key Market Opportunities
5.3.1 Thriving Product Innovation Efforts by Companies
5.4 Future Trends
5.4.1 Scaling Consumers Preferences Toward Vegan Supplements:
5.5 Impact Analysis of Drivers and Restraint
6. Middle East & Africa Omega-3 Supplements Market Analysis
6.1 Middle East & Africa Omega-3 Supplements Market Overview
6.2 Middle East & Africa: Omega 3 Supplements Market – Analysis and Forecast to 2028 (US$ Million)
7. Middle East & Africa Omega-3 Supplements Market Analysis – By Form
7.1 Overview
7.2 Middle East & Africa: Omega 3 Supplements Market, by Form
7.3 Capsules
7.3.1.1 Overview
7.3.1.2 Capsules: Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Soft Gels
7.4.1.1 Overview
7.4.1.2 Soft Gels: Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
8. Middle East & Africa Omega-3 Supplements Market Analysis – By Source
8.1 Overview
8.2 Middle East & Africa: Omega 3 Supplements Market, by Source
8.3 Fish Oil
8.3.1 Overview
8.3.2 Fish Oil : Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Krill Oil
8.4.1 Overview
8.4.2 Krill Oil: Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Algae Oil
8.5.1 Overview
8.5.2 Algae Oil: Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
9. Middle East & Africa Omega-3 Supplements Market Analysis – By Distribution Channel
9.1 Overview
9.2 Middle East & Africa: Omega 3 Supplements Market, by Distribution Channel
9.3 Supermarkets and Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets and Hypermarkets: Omega-3 Supplement Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Specialty Stores
9.4.1 Overview
9.4.2 Specialty Stores: Omega-3 Supplement Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Online Stores
9.5.1 Overview
9.5.2 Online Stores: Omega-3 Supplement Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Omega-3 Supplement Market – Revenue and Forecast to 2028 (US$ Million)
10. Middle East & Africa Omega-3 Supplements Market– Country Analysis
10.1 Overview
10.1.1 Middle East & Africa: Omega 3 Supplements Market, by Key Country
10.1.1.1 South Africa: Omega 3 Supplements Market –Analysis and Forecast to 2028 (US$ Million)
10.1.1.1.1 South Africa: Omega 3 Supplements Market, by Form
10.1.1.1.2 South Africa: Omega 3 Supplements Market, by Source
10.1.1.1.3 South Africa: Omega 3 Supplements Market, by Distribution Channel
10.1.1.2 Saudi Arabia: Omega 3 Supplements Market –Analysis and Forecast to 2028 (US$ Million)
10.1.1.2.1 Saudi Arabia: Omega 3 Supplements Market, by Form
10.1.1.2.2 Saudi Arabia Omega 3Supplements Market, by Source
10.1.1.2.3 Saudi Arabia: Omega 3 Supplements Market, by Distribution Channel
10.1.1.3 UAE: Omega 3 Supplements Market –Analysis and Forecast to 2028 (US$ Million)
10.1.1.3.1 UAE: Omega 3 Supplements Market, by Form
10.1.1.3.2 UAE: Omega 3 Supplements Market, by Source
10.1.1.3.3 UAE: Omega 3 Supplements Market, by Distribution Channel
10.1.1.4 Rest of the Middle East & Africa: Omega 3 Supplements Market –Analysis and Forecast to 2028 (US$ Million)
10.1.1.4.1 Rest of the Middle East & Africa: Omega 3 Supplements Market, by Form
10.1.1.4.2 Rest of the Middle East & Africa: Omega 3 Supplements Market, by Source
10.1.1.4.3 Rest of the Middle East & Africa: Omega 3 Supplements Market, by Distribution Channel
11. Impact of COVID-19 Pandemic on Middle East & Africa Omega-3 Supplements Market
11.1 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Product & Service Launch
12.2 Merger & Acquisition
13. Company Profiles
13.1 Church & Dwight, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Epion Brands
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 NOW Foods
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Nordic Naturals
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Reckitt Benckiser Group plc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Pharma Nord B.V.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Middle East & Africa Omega-3 Supplements Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa Omega 3 Supplements Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa Omega 3 Supplements Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa Omega 3Supplements Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia Omega 3 Supplements Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 6. Saudi Arabia Omega 3 Supplements Market, by Source- Revenue and Forecast to 2028 (US$ Million)
Table 7. Saudi Arabia Omega 3Supplements Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 8. UAE Omega 3 Supplements Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 9. UAE Omega 3 Supplements Market, by Source– Revenue and Forecast to 2028 (US$ Million)
Table 10. UAE Omega 3Supplements Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of the Middle East & Africa Omega 3 Supplements Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of the Middle East & Africa Omega 3Supplements Market, by Source– Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of the Middle East & Africa Omega 3Supplements Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 14. Glossary of Terms, Middle East & Africa Omega-3 Supplements Market
LIST OF FIGURES
Figure 1. Middle East & Africa Omega-3 Supplements Market Segmentation
Figure 2. Middle East & Africa Omega-3 Supplements Market Segmentation – By Country
Figure 3. Middle East & Africa Omega-3 Supplements Market Overview
Figure 4. Middle East & Africa Omega-3 Supplements Market, By Source
Figure 5. Middle East & Africa Omega-3 Supplements Market, By Country
Figure 6. Middle East & Africa Omega-3 Supplements Market Players
Figure 7. Middle East & Africa: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Middle East & Africa Omega-3 Supplements Market Impact Analysis of Drivers and Restraints
Figure 10. Middle East & Africa: Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Middle East & Africa: Omega 3 Supplements Market Revenue Share, by Form (2020 and 2028)
Figure 12. Capsules: Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Soft Gels: Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Others: Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Middle East & Africa Omega 3 Supplements Market Revenue Share, by Source (2020 and 2028)
Figure 16. Fish Oil : Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Krill Oil: Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Algae Oil: Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Others: Omega-3 Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Middle East & Africa: Omega 3 Supplements Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 21. Supermarkets and Hypermarkets: Omega-3 Supplement Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Specialty Stores: Omega-3 Supplement Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Online Stores: Omega-3 Supplement Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: Omega-3 Supplement Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Geographic Overview of Middle East & Africa Omega-3 Supplements Market
Figure 26. Middle East & Africa Omega 3 Supplements Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. South Africa: Omega 3 Supplements Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. Saudi Arabia: Omega 3 Supplements Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. UAE: Omega 3 Supplements Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. Rest of the Middle East & Africa: Omega 3 Supplements Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. Impact of COVID-19 Pandemic in Middle East & Africa Country Markets
- Church & Dwight, Inc.
- Epion Brands
- NOW Foods
- Nordic Naturals
- Reckitt Benckiser Group plc.
- Pharma Nord B.V.