Middle East & Africa Omega 3 Supplements Market Size & Outlook
Middle East & Africa omega 3 supplements market, 2018-2030 (US$M)
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MEA omega 3 supplements market highlights
- The MEA omega 3 supplements market generated a revenue of USD 128.2 million in 2023.
- The market is expected to grow at a CAGR of 7.2% from 2024 to 2030.
- In terms of segment, fish oil was the largest revenue generating source in 2023.
- Krill Oil is the most lucrative source segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 128.2 million |
| Market revenue in 2030 | USD 209.0 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Fish oil |
| Fastest growing segment | Krill Oil |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fish Oil, Krill Oil, Algal Oil |
| Key market players worldwide | Nordic Naturals, Reckitt Benckiser Group PLC, Otsuka Pharmaceutical, NOW Foods, GlaxoSmithKline, Glanbia PLC, Bionova Scientific, Nestle SA, Dermapharm Holding SE Bearer Shares |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.8% of the global omega 3 supplements market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,632.2 million by 2030.
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Omega 3 Supplements Market Scope
Omega 3 Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa omega 3 supplements market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to omega 3 supplements market will help companies and investors design strategic landscapes.
Fish oil was the largest segment with a revenue share of 66.54% in 2023. Horizon Databook has segmented the Middle East & Africa omega 3 supplements market based on fish oil, krill oil, algal oil covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa is projected to witness a growing demand for omega 3-based health products, which can be attributed to the expanding health industry in the region. The market is principally driven by rising disposable incomes and increasing awareness among consumers regarding the health benefits of dietary supplements. The proliferation of supermarkets and hypermarkets in the region is another key factor strengthening the growth of omega 3 supplements market.
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Target buyers of Middle East & Africa omega 3 supplements market databook
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Our clientele includes a mix of omega 3 supplements market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa omega 3 supplements market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa omega 3 supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA omega 3 supplements market size, by country, 2018-2030 (US$M)
Middle East & Africa Omega 3 Supplements Market Outlook Share, 2023 & 2030 (US$M)
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