Algae Omega-3 Ingredients Market Forecast (2024 – 2032)

oil, krill oil, algal oils)—these fatty acids may also play a potential role in the fight against COVID-19. The pandemic has steered the customers’ attention toward nutritious food with health benefits for their infants to curb the virus. This has prompted the rise in the use of algae omega-3 ingredients in infant products to support healthy well-being. The impact of COVID-19 resulted in the generation of opportunities for manufacturers of health-oriented products, especially dietary supplements. In May 2021, a recent study revealed that COVID-19 patients with a higher omega-3 index had a lower risk of death due to COVID-19.

Global Algae Omega-3 Ingredients Market Segments Share:

The global Algae Omega-3 Ingredients market is segregated on the basis of product type, application and geography.

By product type, EPA held the largest market share and is estimated to hold the same during the forecast period. Eicosapentaenoic acid (EPA) is a long-chain omega-3 fatty acid found in plants and animals. EPA are essential fatty acid for brain function and human growth and development. EPA fatty acid consumption lowers the risk of chronic diseases such as cancer, heart disease, and arthritis. EPA has used an essential compound that is used in the treatment of depression and protection against thrombosis.

By application, the dietary supplements segment is projected to witness robust CAGR during the forecast period. Dietary Supplements are products like vitamins, minerals, herbs, amino acids, enzymes, and others that are added to a diet to complete dietary needs or to make up for a nutrition deficiency. Dietary supplements dosage forms include pills, capsules, powders, drinks, energy bars, and others. Supplement use can also be considered complementary or alternative medicine. Rapid urbanization and growing disposable income worldwide is driving the demand for products that can cover the nutritional deficit at higher convenience. The rising interest of millennials in building health through a healthy diet and the growing prevalence of diseases is expected to increase the demand for dietary supplements, especially in energy and weight management, gastrointestinal health, and cardiac health applications.

Based on geography, the market is categorized into North America, South America, Europe, Asia Pacific, and Middle East & Africa.

North America Algae Omega-3 Ingredients Market

North America Algae Omega-3 Ingredients Market is estimated to hold the significant share during the forecast period. Amongst

North American countries, the U.S. holds a significant market share in the overall market during the forecast period due to innovations in products and technologies. In 2019, the U.S FDA announced new qualified health claims for EPA and DHA Omega-3 consumption using food or dietary supplements.

American Heart Association and the Council for Responsible Nutrition have also agreed on the potential beneficial effects of omega-3 fatty acids, particularly EPA and DHA, further propelling growth. In general, there is an increasing focus on healthy living and eating, which is expected to present opportunities for the market in the country.

Global Algae Omega-3 Ingredients Market Trends:

• In March 2022, Neptune Wellness Solutions Inc. announced the launch of Forest Remedies Multi Omega 3-6-9, a line of innovative supplements made with Ahiflower oil, in Sprouts Farmers Market stores nationwide.
• In 2019, ADM unveiled a new line of Onavita™ Algal DHA and Almega™ EPA blends available via a collaboration with Qualitas Health, a leader in algae cultivation. ADM is offering three different EPA/DHA blends containing omega-3, 6 and 9, which offer benefits that can help support cognitive, heart, immune system or eye health.

Global Algae Omega-3 Ingredients Market Research Report Include:

• An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
• To have complete market analysis through industry value chain analysis, porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
• Regional and global diversity is analyzed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
• Identifying DROC in the current market and their impact in altering the market dynamics.
• Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with major competitors.
• Expertise investment opportunities by analyst to the individual and organization to have better foothold in the market.
• Identify the latest developments, market shares and strategies that are employed by the major market players, such as
• Archer Daniels Midland Company
• Koninklijke DSM NV
• Corbion N.V.
• BASF SE
• Neptune Wellness Solutions, Inc.

Along with these companies, there were many other companies considered/ cited in the report while analyzing the Algae Omega-3 Ingredients market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.