Vegan Omega-3 Supplements Market Size, Share & Trends Analysis Report By Source (Algae, Flaxseed), By Form (Capsules, Liquid), By Functionality, By End-use, By Distribution Channel (OTC, Prescribed), By Region, And Segment Forecasts, 2024 - 2030

Vegan Omega-3 Supplements Market Trends

The global vegan omega-3 supplements market size was estimated at USD 1.62 billion in 2023 and is expected to grow at a CAGR of 9.2% from 2024 to 2030. With the growing trend toward veganism and plant-based diets, there is a rising demand for supplements that cater to these lifestyles. Vegan omega-3 supplements, sourced from algae, offer a sustainable and cruelty-free alternative to traditional fish oil supplements. These supplements are rich in DHA and EPA, providing consumers with essential omega-3 fatty acids without the need for fish-derived products. As consumers become more conscious of their dietary choices and environmental impact, the market for vegan omega-3 supplements is expected to expand rapidly.

The introduction of innovative delivery systems, such as pectin-based soft gels, further enhances the appeal of vegan omega-3 supplements. These advancements address concerns about gelatin-derived capsules and offer a more appealing option for consumers looking for vegan-friendly supplements. As the market continues to evolve, manufacturers and suppliers have the opportunity to capitalize on this growing demand by offering high-quality, sustainable, and effective vegan omega-3 supplements to meet the needs of a diverse consumer base in the U.S.

Moreover, rising water temperatures are posing challenges for fisheries, resulting in increased cost of fish oil. Plant-based omega-3 solutions, such as algal solutions, are entirely independent of environmental factors and offer protection against price fluctuations, ensuring premium quality at a more stable cost. Additionally, plant-based omega-3 sources like algae are cultivated in controlled indoor facilities, producing inherently pure oil that does not require extensive post-harvest purification, like fish oils. As per research conducted by Nuseed Nutritional US Inc. in October 2021, 64% of vitamin and mineral supplement consumers preferred plant-based or vegan omega-3 supplements.

Source Insights

Algae-based vegan omega-3 supplements accounted for a market share of 75.4% of the global revenues in 2023. Increased awareness of the purity and sustainability of algal oil has spurred its adoption. Compared to fish oil, algal oil is considered purer, devoid of common contaminants like mercury, and cultivated in controlled environments, thus reducing strain on marine ecosystems. This surge in demand also reflects evolving consumer preferences and industry innovation. As dietary habits shift toward plant-based choices, algal oil emerges as a favored option, supported by advancements in taste, stability, and bioavailability of algal-based supplements.

The chia-seeds based vegan omega-3 supplements market is projected to grow at a significant CAGR from 2024 to 2030. Chia seeds are rich in alpha-linolenic acid (ALA), which can be converted into EPA and DHA in the body, benefiting cardiovascular health and providing essential nutrients. Manufacturers leverage these benefits to formulate supplements tailored to address specific diseases or health concerns, such as cardiovascular issues, cognitive decline, joint pain, and inflammatory conditions, providing consumers with targeted solutions for their health needs.

Form Insights

Vegan omega-3 supplement capsules accounted for a market share of over 41.0% of the global revenues in 2023. Consumers prefer omega-3 supplements in capsule form as they can cater to specific preferences and needs. Unlike liquid formulations, capsules effectively conceal the undesirable taste and odor linked with omega-3 oils, making them more palatable and encouraging consistent consumption. Furthermore, capsules provide accurate dosing control, aiding in adherence to dietary guidelines and health management strategies.

The vegan omega-3 supplement powder market is projected to grow at a significant CAGR from 2024 to 2030. Manufacturers of omega-3 supplements are expanding their product lines to encompass alternative forms, like powder, in response to diverse consumer preferences. These alternative forms present unique benefits, including ease of consumption for those who have difficulty swallowing capsules, such as children and older individuals.

Functionality Insights

Cardiovascular vegan omega-3 supplements accounted for a market share of 37.0% of the global revenues in 2023. Vegan omega-3 supplements are commonly utilized for promoting cardiovascular health as they offer substantial advantages in maintaining heart function and decreasing the likelihood of heart-related issues. These supplements are recognized for their ability to decrease triglyceride levels, a critical risk factor for heart disease, and for their anti-inflammatory properties that aid in alleviating chronic inflammation linked to atherosclerosis.

The vegan omega-3 supplement for eye disease is projected to grow at the fastest CAGR from 2024 to 2030. Plant-based omega-3 fatty acids are crucial for maintaining overall eye health, playing a significant role in the growth and operation of the retina while enhancing optimal visual function. The extensive adoption of omega-3 supplements for eye health is influenced by compelling scientific research, endorsements from eye care experts, their widespread availability, and the prevalent lack of omega-3-rich foods in the average diet.

End-use Insights

Adults segment accounted for a market share of 42.6% of the global revenues in 2023. Plant-based omega-3, specifically EPA and DHA, are renowned for their positive effects on cardiovascular health, including the reduction of blood pressure, lowering triglyceride levels, mitigating the risk of arrhythmias, and impeding the progression of arterial plaque. There is often a need for increased omega-3 intake among adults, as these essential fatty acids are frequently deficient in diets lacking fatty fish, nuts, and seeds. Supplements provide a convenient solution for addressing this nutritional shortfall.

The vegan omega-3 supplement for the geriatric population is projected to grow at a significant CAGR from 2024 to 2030. Plant-based omega-3 supplements play a role in maintaining vision health by safeguarding against age-related macular degeneration, thus preserving eyesight and autonomy. Moreover, they have exhibited the potential to promote mental well-being by potentially easing symptoms of depression, which are prevalent among older individuals. A meta-analysis conducted in 2023, comprising 48 studies, revealed that omega-3 supplements might reduce the risk of dementia and age-related cognitive decline by as much as 20%.

Distribution Channel Insights

Sales of vegan omega-3 supplements through OTC channel accounted for a share of 75.0% of the global revenues in 2023. Consumers opt for OTC omega-3 supplements for reasons such as convenience, affordability, and variety as some of its primary advantages. OTC availability guarantees straightforward access without requiring a prescription, enabling individuals to purchase these supplements from pharmacies, supermarkets, or online vendors whenever necessary. This ease of access broadens the demographic that can include omega-3s in their health regimens without facing financial burdens.

The prescribed segment is anticipated to grow at a significant CAGR from 2024 to 2030. Prescribed stores are frequently sought out for vegan omega-3 supplements for various reasons. The primary consideration is the trust placed in the quality assurance procedures implemented by these establishments; consumers place confidence in the thorough testing and safety protocols maintained by prescribed stores. Another significant aspect is the access to guidance from healthcare professionals typically located in or associated with these stores. Patients appreciate the knowledge and advice of these experts in suggesting the appropriate supplement tailored to their specific health requirements.

Regional Insights

The market in North America accounted for a share of 37.1% of the global revenue in 2023. The market is primarily driven by a growing consumer preference for plant-based alternatives, in line with the increasing adoption of vegan and vegetarian lifestyles. As more individuals seek sustainable and ethical products, the demand for vegan omega-3 supplements has surged. For example, the rise of plant-based diets among millennials and Gen Z has led to a greater interest in vegan supplements, prompting the industry to expand its product offerings.

U.S. Vegan Omega-3 Supplements Market Trends

The market in the U.S. is projected to grow at a CAGR of 8.8% from 2024 to 2030. The growth of the market is mainly attributed to the increasing consumer awareness of the health benefits associated with omega-3 fatty acids and the shift towards plant-based diets. As more Americans focus on incorporating healthier and sustainable dietary choices into their lifestyles, the demand for vegan omega-3 supplements continues to rise. As per research conducted by Nuseed Nutritional US Inc. in October 2021, 64% of vitamin and mineral supplement consumers preferred plant-based or vegan omega-3 supplements.

Europe Vegan Omega-3 Supplements Market Trends

Europe market is expected to grow at a CAGR of 9.4% from 2024 to 2030. The market in Europe is being propelled by several key drivers, including the rising consumer awareness of health and wellness, coupled with the increasing adoption of vegan and vegetarian lifestyles across the region. As Europeans become more conscientious about their dietary choices and the impact of food consumption on their well-being, there is a growing demand for plant-based alternatives to traditional omega-3 sources. For instance, the popularity of flaxseed oil supplements and algal-based omega-3 products in Europe highlights the shift towards sustainable and vegan-friendly options rich in essential fatty acids.

Asia Pacific Vegan Omega-3 Supplements Market Trends

Asia Pacific market is expected to grow at a CAGR of 9.8% from 2024 to 2030. The market is mainly driven due to the increasing emphasis on health and wellness, as well as the cultural and dietary preferences prevalent in the region. With a growing focus on healthier lifestyles and dietary choices, consumers in the region are seeking plant-based alternatives for their nutritional needs, leading to a rising demand for vegan omega-3 supplements. For example, the popularity of seaweed-derived omega-3 products in countries like Japan and South Korea reflects the regional preference for sustainable and plant-based sources of essential fatty acids.

Key Vegan Omega-3 Supplements Company Insights

The market features established companies, with key manufacturers dominating a substantial share. These industry leaders have undertaken strategic actions like introducing new products and forming partnerships to enhance their competitive edge in the market.

Recent Developments

• In June 2024, Doctor’s Best expanded its product line with the introduction of Vegan Omega-3. This innovative supplement offers vegans and vegetarians an alternative to traditional fish oil sources for obtaining essential omega-3 fatty acids, Eicosapentaenoic acid (EPA) and Docosahexaenoic acid (DHA). Each serving of Vegan Omega-3 delivers a combined 2,000 mg of these important nutrients.

• In September 2023, Nordic Naturals collaborated with Sam’s Club to offer their Ultimate Omega and Algae Omega supplements nationwide starting in October. This strategic move aims to make Nordic Naturals’ high-quality products more accessible and affordable to a wider consumer base.

Vegan Omega-3 Supplements Market Report Scope

Global Vegan Omega-3 Supplements Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global vegan omega-3 supplements market report based on source, form, functionality, end-use, distribution channel, and region.

• Source Outlook (Revenue, USD Million, 2018 - 2030)

  • Algae

  • Flaxseed

  • Chia Seeds

  • Others

• Form Outlook (Revenue, USD Million, 2018 - 2030)

  • Capsules

  • Liquid

  • Powder

  • Others

• Functionality Outlook (Revenue, USD Million, 2018 - 2030)

  • Cardiovascular Health

  • Brain, Nervous System & Mental Health

  • Eye Diseases

  • Diabetes

  • Others

• End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Adults

  • Geriatric

  • Pregnant Women

  • Children

  • Infants

• Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

  • OTC

    • Supermarkets/ Hypermarkets/Food Stores

    • Drug Stores & Pharmacies

    • Online Retailers

    • Others

  • Prescribed

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • Spain

    • Italy

    • France

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

    • South Korea

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa