Algae Omega 3 Ingredient Market Analysis by Top Vendors, Applications and Benefits 2018

Algae Omega 3 Ingredient Market

The global algae omega 3 ingredient market records a revenue of USD 431.5 million in 2016 and is expected to grow at a CAGR of 11.5 % during the forecast period of 2018 _ 2023. Algae as a source accounts for 18% of the global Omega 3 Ingredient market. The market is highly fragmented with the regional domestic players and the international players.

Global Algae Omega 3 Ingredient Market Major Key players: Dsm Nutritional Products, Bioprocess Algae, Llc, Neptune Wellness Solutions, Source-Omega, Qualitas Health, Nordic Naturals, Adm, Algaecytes, Simris Alg, Algisys, Polaris, Terravia (Solazyme), Bioceuticals, etc.

Global Algae Omega 3 Ingredient Market Segmentation By Type: Eicosapentanoic Acid (EPA), Docosahexanoic a=Acid (DHA)

Global Algae Omega 3 Ingredient Market Segmentation By Concentration Type: High-Concentrated, Concentrated, Low-Concentrated

Global Algae Omega 3 Ingredient Market Segmentation By Purity/Quality Type: Premium, Others

 Global Algae Omega 3 Ingredient Market Segmentation By Application: Food & Beverages, Dietary Supplement, Pharmaceuticals, Animal Nutrition

For More Details Register For Sample here:

Strong Demand in Infant Formula Products 

The demand for algae omega 3 is growing at a faster rate in infant food fortification as it provides the same benefit that of fish oil, but it has no off odor or taste. Omega 3 obtained from algae is considered as more bioavailable and sustainable for production which is highly required at present time, where overfishing is a major problem. Another benefit associated with algae Omega 3 is, it is vegan. Moreover, the product quality of algae Omega 3 is superior as compared to fish oil because it is free from any toxic pollutants, and possesses high purity in terms of form of fatty acid, and off sensory properties. The major restraining factor with market is the high cost of product due to higher downstream processing cost. However, with passage of time due to technological advancement, the market can be highly competitive.

High Adoption of Docosahexanoic acid (DHA)

Commercially, there are two types of essential Omega 3 fatty acid derived from algae: Eicosapentanoic acid (EPA) and Docosahexanoic acid (DHA). DHA holds the largest share in the market due to its high demand in infant formula products and legal recommendations on it. EPA is the fastest growing market supported by the various health benefits, which has increased its importance in drug formulation.

By concentration type, market is divided into high concentrated, concentrated and low concentrated product. Currently, low concentrated and concentrated algae ingredient are capturing the market demand. Dietary supplement holds the largest share in the algae omega 3 ingredient market followed by infant formula application. Growing awareness among consumers regarding the daily dosage of Omega 3 has focused the demand of high concentrated products.

The use of algae Omega 3 ingredient in dietary supplements accounts for the largest share of 53.5% in 2016. Increasing demand by pharmaceutical companies for Omega 3 oils sourced from algae is driving its demand in pharmaceuticals. Animal nutrition is another major growing segment for the market due to increased health concern among pet owners.

North America to Dominate the Market Growth

North America followed by Europe dominates the market. Increased consumption of Omega 3 supplements in countries like U.S is driving the market in developed regions. Asia- Pacific is the fastest growing region due to growing fortified food market and increased consumer awareness. Japan and China are the significant market in Asia- Pacific captured with major domestic players. South America is another growing market for algae omega 3 ingredient market driven by the high consumption of fortified products.

Browse Full Report at:

Regions Covered in this report are as Follows:

United States, North America (Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa), RoW (Rest of World).

Key Developments

  • January 2018: Startup Triton Algae is bringing healthy and safe non GMO, and vegan algea powder rich in omega _ 3, 6, and 9 fatty acids, vitamin A/ Betacarotene and iron. This is an excellent source of high protein.
  • September 2017: Nordic Naturals Introduces Five New Childrens Products. The new products offer concentrated, triglyceride-form omega-3 fish oil in age-appropriate formulations for cognition, learning and attention, mood health, and more, plus a kid-friendly, fast-melt probiotic powder.

Reasons to Purchase this Report:

  • The report analyses how the stringent emission control norms will drive the global Algae Omega 3 Ingredient market.
  • Analyzing various perspectives of the market with the help of Porters five forces analysis.
  • Study on the product type that is expected to dominate the Algae Omega 3 Ingredient Market.
  • Study on the regions that are expected to witness fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major players of Algae Omega 3 Ingredient Market.
  • 3 months analyst support along with the Market Estimate sheet (in excel).

Customization of the Report:

This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs.

About Us:-

MarketInsightsReports provides syndicated market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. MarketInsightsReports is your single point market research source for all industries including pharmaceutical, chemicals and materials, energy resource, automobile, IT, technology and media, food and beverages, and consumer goods, among others.

Contact us for your special interest research needs @[email protected] and we will get in touch with you within 24hrs and help you find the market research report you need.

+1 (704) 266-3234 | [email protected]

Connect With us on:

SOURCE The Financial Consulting