Market Overview:
The global algae omega 3 ingredient market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for healthy and nutritious food products, rising awareness about the health benefits of omega-3 fatty acids, and growing demand for dietary supplements. In addition, the increasing use of algae omega-3 ingredients in animal nutrition is also contributing to the growth of this market. However, factors such as high cost and limited availability of raw materials are restraining the growth of this market. On the basis of type, EPA accounted for a major share of the global algae omega 3 ingredient market in 2017. This segment is expected to grow at a CAGR of XX% during 2018–2030 owing to its numerous health benefits such as reducing inflammation and pain, improving heart health, preventing cognitive decline, and reducing symptoms associated with ADHD.
Product Definition:
Algae Omega 3 is an important ingredient in many supplements. It is a source of fatty acids that are beneficial for the body. These fatty acids help to support heart health, cognitive function, and other aspects of health.
Eicosapentanoic Acid (EPA):
Eicosapentanoic acid, or EPA, is a omega 3 fatty acid found in certain marine animals and plants. The human body does not produce this compound naturally; it must be consumed through food or supplements. Eicosapentanoic acid has been studied for its ability to treat cancer and cardiovascular diseases due to its anti-inflammatory properties.
Docosahexanoic Acid (DHA):
Docosahexanoic acid, DHA or Docosapentaenoic acid is an omega-3 fatty acid that can be found in fish like salmon and tuna. However, the human body is not capable of producing this essential fatty acid naturally; hence it has to be consumed through the diet. Docosahexanoic acid when added to food products becomes a textureless and odorless component called as a flavor enhancer (emulsifier).
Application Insights:
Food & beverage was the dominant application segment in 2017, accounting for over 60% of the global market. Growing awareness about healthy lifestyle among consumers is expected to be a key factor driving product demand in this segment. Furthermore, rising concerns regarding cardiovascular diseases and increasing consumption of fatty acid-based supplements are projected to fuel industry growth during the forecast period.
Dietary supplement emerged as a promising application sector for algae omega 3 ingredients with growing consumer awareness regarding health benefits associated with these supplements. Rising healthcare costs coupled with an aging population prone to chronic diseases such as cancer and heart ailments are expected to drive demand for dietary supplements over the forecast period.
Pharmaceuticals accounted for around 15% of total market volume in 2017 owing to rising usage of EPA.
Regional Analysis:
North America dominated the global market in terms of revenue with a share of over 40.0% in 2017. This is attributed to the presence of key companies such as Cargill, Inc., and Omega Protein Corporation that are engaged in R&D activities for incorporation of algae-derived ingredients into various applications. Moreover, growing awareness about health benefits associated with omega 3 fatty acids is expected to drive regional growth over the forecast period.
Asia Pacific accounted for a significant share owing to increasing product demand from countries like China and India on account of rising population coupled with rising consumer disposable income levels which has resulted in an increaseing preference for processed food products rich in nutrients and energy content along with low calorie level among others which will drive overall industry growth over the forecast period.
Growth Factors:
- Increasing demand for functional foods and dietary supplements
- Rising awareness about the health benefits of omega-3 fatty acids
- Growing popularity of plant-based diets
- Proliferation of algae farming technologies
- Emerging applications for algae omega-3 ingredients
Scope Of The Report
Report Attributes
Report Details
Report Title
Algae Omega 3 Ingredient Market Research Report
By Type
Eicosapentanoic Acid (EPA), Docosahexanoic Acid (DHA)
By Application
Food & Beverages, Dietary Supplement, Pharmaceuticals, Animal Nutrition, Others
By Companies
ADM, Royal DSM, BioProcess Algae, Qualitas Health, Nordic Naturals, AlgaeCytes, Simris Alg, Algisys, Polaris, Xiamen Huison Biotech, ADM, BioCeuticals, Synthetic Genomics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Algae Omega 3 Ingredient Market Report Segments:
The global Algae Omega 3 Ingredient market is segmented on the basis of:
Types
Eicosapentanoic Acid (EPA), Docosahexanoic Acid (DHA)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & Beverages, Dietary Supplement, Pharmaceuticals, Animal Nutrition, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ADM
- Royal DSM
- BioProcess Algae
- Qualitas Health
- Nordic Naturals
- AlgaeCytes
- Simris Alg
- Algisys
- Polaris
- Xiamen Huison Biotech
- ADM
- BioCeuticals
- Synthetic Genomics
Highlights of The Algae Omega 3 Ingredient Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Eicosapentanoic Acid (EPA)
- Docosahexanoic Acid (DHA)
- By Application:
- Food & Beverages
- Dietary Supplement
- Pharmaceuticals
- Animal Nutrition
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Algae Omega 3 Ingredient Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Algae Omega 3 is a type of algae that has been grown in a laboratory and has been enriched with omega-3 fatty acids.
Some of the key players operating in the algae omega 3 ingredient market are ADM, Royal DSM, BioProcess Algae, Qualitas Health, Nordic Naturals, AlgaeCytes, Simris Alg, Algisys, Polaris, Xiamen Huison Biotech, ADM, BioCeuticals, Synthetic Genomics.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Algae Omega 3 Ingredient Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Algae Omega 3 Ingredient Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Algae Omega 3 Ingredient Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Algae Omega 3 Ingredient Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Algae Omega 3 Ingredient Market Size & Forecast, 2020-2028 4.5.1 Algae Omega 3 Ingredient Market Size and Y-o-Y Growth 4.5.2 Algae Omega 3 Ingredient Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Eicosapentanoic Acid (EPA)
5.2.2 Docosahexanoic Acid (DHA)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food & Beverages
6.2.2 Dietary Supplement
6.2.3 Pharmaceuticals
6.2.4 Animal Nutrition
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Algae Omega 3 Ingredient Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Algae Omega 3 Ingredient Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Eicosapentanoic Acid (EPA)
9.6.2 Docosahexanoic Acid (DHA)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food & Beverages
9.10.2 Dietary Supplement
9.10.3 Pharmaceuticals
9.10.4 Animal Nutrition
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Eicosapentanoic Acid (EPA)
10.6.2 Docosahexanoic Acid (DHA)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food & Beverages
10.10.2 Dietary Supplement
10.10.3 Pharmaceuticals
10.10.4 Animal Nutrition
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Eicosapentanoic Acid (EPA)
11.6.2 Docosahexanoic Acid (DHA)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food & Beverages
11.10.2 Dietary Supplement
11.10.3 Pharmaceuticals
11.10.4 Animal Nutrition
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Eicosapentanoic Acid (EPA)
12.6.2 Docosahexanoic Acid (DHA)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food & Beverages
12.10.2 Dietary Supplement
12.10.3 Pharmaceuticals
12.10.4 Animal Nutrition
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Eicosapentanoic Acid (EPA)
13.6.2 Docosahexanoic Acid (DHA)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food & Beverages
13.10.2 Dietary Supplement
13.10.3 Pharmaceuticals
13.10.4 Animal Nutrition
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Algae Omega 3 Ingredient Market: Competitive Dashboard
14.2 Global Algae Omega 3 Ingredient Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ADM
14.3.2 Royal DSM
14.3.3 BioProcess Algae
14.3.4 Qualitas Health
14.3.5 Nordic Naturals
14.3.6 AlgaeCytes
14.3.7 Simris Alg
14.3.8 Algisys
14.3.9 Polaris
14.3.10 Xiamen Huison Biotech
14.3.11 ADM
14.3.12 BioCeuticals
14.3.13 Synthetic Genomics