Algae Omega-3 Ingredients Market

Algae Omega-3 Ingredients Market Size, Growth (2023-2028)

The Global Algae omega-3 ingredients Market size was worth US$ xx million in 2022, and it is predicted to reach a valuation of US$ xx million with an annual expansion rate (CAGR) of xx% between 2023 and 2028.

Market Overview:

Omega-3 oils are fundamentally unsaturated fats with a wide range of medical benefits, including cardiovascular, eye and mental wellness, to promote diet, baby nutrition, substantial livelihoods and beverages, pharmaceutical and clinical nutrition. Algae is the common name for a group of photosynthetic eukaryotes that are made up of organisms attached to the bottom of seas, rivers and lakes, also called seaweeds, ranging from microscopic unicellular microalgae to macroscopic multicellular forms that generally float freely. Algae omega-3 ingredients can be found in dairy products, non-dairy supplements, spirulina and chlorella products, shellfish, marine spices, fish oil, supplements containing omega-3 fatty acids, and turquoise seaweed. Some algae are rich in protein and can be used as functional food ingredients. Algae omega-3 ingredients constitutes a high nutritional value in terms of protein content, amino acid quality and nutritional receptivity. These ingredients are made up of essential fatty acids that can provide many health benefits, such as brain, eye, and cardiovascular health. Omega-3 oils are essential fatty acids with a wide range of health benefits including eye, cardiovascular and brain health, dietary supplements, infant nutrition, functional foods and beverages, pharmaceutical and clinical nutrition.

Recent Developments in Algae omega-3 Ingredients Industry:

• In 2019, ADM partnered with Qualitas Health to expand its health and wellness solutions. ADM has introduced three vegan EPA / DHA blends containing botanical omega-3s, 6 and 9 that can provide many health benefits.

REPORT COVERAGE:

Algae omega-3 Ingredients Market Growth:

The Algae omega-3 ingredients market is dynamic and highly fragmented, with a variety of small and residential players representing a significant portion of the global business.

Drivers:

The Algae omega-3 ingredients offers low, medium and high fixed sizes, as well as fixed rates according to global conditions. EPA is commonly used in conjunction with DHA in other baby recipes. Most of the items on the market come in a blend of EPA and DHA due to the complex wellness impacts. Algae omega-3 ingredients is popular with lovers of vegetarians and vegans, and among others who need a spring water of long-chain omega-3 unsaturated fats (EPA and DHA). This does not present a risk of contamination with toxins such as polychlorinated biphenyls. In India, for example, the dietary booster portion is the largest buyer of omega-3 ingredients. Omega-3 oils from algae are basic unsaturated fats with a wide range of medical benefits, including cardiovascular, eye and mental health. The increasing prevalence of weight in developed countries has led to increased dietary awareness among younger age groups, which is supporting the development of this part of the omega-3 components of algae in commercial segments. The Algae omega-3 ingredients are in the spotlight around the world and are becoming part of the daily diet of consumers. The main reasons for these changes were the higher prevalence of lifestyle-related illnesses and people receiving preventive health care. Algae omega-3 ingredients are a sustainable source of production and even support the vegan label to further drive market demand. Also, market opportunities are reduced due to the lack of adequate regulatory structures for dietary supplements and fortified foods. The increasing prevalence of obesity in developed countries has increased the dietary awareness of the younger generation, which is supporting the growth of omega-3 ingredients from algae in these markets. Increasing awareness of the importance of healthy foods among people and the growing need for a high-protein diet is expected to increase the demand for algae-based products. This, in turn, is driving market growth.

The vast scientific evidence supporting EPA's role in cognitive and visual development in infants and toddlers has further promoted infant formula in the global marketplace. For example, numerous new and clinical studies have concluded that low levels of EPA and DHA are important risk factors for preterm labor. Additionally, many foods such as yogurt, milk, bread, margarine, and chocolate have been found to be fortified with EPA by supplying omega-3 fatty acids to your diet and are supposed to effectively meet the metabolic needs of your body. through fortified foods. Changes in customer preferences and increased demand for gluten-free and pure vegan products are estimated to increase the need for Algae omega-3 ingredients and drive market growth. As demand for Algae omega-3 ingredients, which makes up the antioxidant properties of seaweed ingredients and anti-obesity, cancer and diabetes agents, increases, demand for seaweed ingredients is likely to increase and market growth to accelerate. Since seaweed helps fight cardiovascular disease, the growing call for seaweed in the health industry is foreseen to drive Algae omega-3 ingredients market growth. Algae omega-3 ingredients market growth is expected to accelerate during the outlook period as concerns about beauty and skincare rise and demand for anti-aging, cosmetics, wellness and health products increases.

Restraints:

High production costs and expensive post-processing are important factors influencing Algae omega-3 ingredients market demand. Algae treatment technology is energy intensive and costly to produce, limiting Algae omega-3 ingredients market growth.

Algae omega-3 Ingredients Market Segmentation Analysis:

The global Algae omega-3 ingredients market is segmented by type into eicosatetraenoic acid (EPA), docosahexaenoic acid (DHA) and /DHA. EPA is commonly used in combination with DHA in a variety of infant formulas. Most of the products on the market exist as a combination of EPA and DHA due to their combination of health benefits. Seaweed oil is gaining popularity with vegetarians and vegetarians, and others who want a source of long-chain omega-3 fatty acids (EPA and DHA). There is no risk of contamination with contaminants such as polychlorinated biphenyl.

By Application, the Algae omega-3 ingredients market is segmented as food and beverage, dietary supplements, pharmaceuticals and feed. The food and beverage sector is further subdivided into functional foods and beverages and infant formulas.

Impact of COVID-19 on the Algae omega-3 Ingredients Market:

The impact of coronavirus has created opportunities for manufacturers of health-oriented products, especially dietary supplements. Each market has increased consumer awareness of these products to help maintain immunity and efficiency in the fight against deadly viruses. This, in turn, increases the demand for related ingredients, including omega-3s from algae.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

North America is expected to rank No. 1 due to high adoption rates in countries like the United States and Canada. The rise in cases such as cardiovascular disease and obesity across the country is primarily driving the growth of the global market for omega-3 ingredients from algae. Asia-Pacific occupies the largest share of the world market, followed by the United States in North America. In the United States, docosahexaenoic acid (DHA) is the main ingredient used in infant nutrition. Almost all brands that provide nutritional baby formula in Korea use DHA as an additional ingredient to the cost of the formula, increasing the growth of the domestic market for Algae omega-3 ingredients. South Africa dominates the market due to health awareness and growing economy. As fertility rates increased in the region, the market accelerated as Algae omega-3 ingredients are considered premium DHA/EPA to enhance infant formula products.

Key Players in the Market:

Major Key Players in the Global Algae omega-3 ingredients Market are

• Vital Health Foods
• DSM Nutritional Products
• VidaLife
• Nordic Naturals
• ADM
• Xymogen