Market Snapshot

Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

11.3%

Key Players:

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Algae Omega-3 Ingredients Market

The global algae omega-3 ingredients market is projected to grow at a CAGR of 11.3% during the forecast period (2019-2024). The market for algae omega-3 ingredients is dynamic and highly fragmented, with numerous small and domestic players occupying the major chunk of the global market share. Omega-3 oils are essential fatty acids that have a broad range of health benefits, including cardiovascular, eye, and brain health, for which they are being widely used in various end-user applications, like dietary supplements, infant nutrition, functional food and beverages, and pharmaceutical and clinical nutrition. Algal oil is gaining popularity among vegans and other people who want a source of long-chain omega-3 fatty acids (EPA and DHA). It does not pose the risk of contamination with pollutants, such as polychlorinated biphenyls.

Scope of the Report

The global algae omega-3 ingredients market offers ingredient types such as Eicosapentaenoic Acid (EPA), Docosahexaenoic Acid (DHA), and EPA/DHA applicable to food and beverage, dietary supplements, pharmaceuticals, animal nutrition and clinical nutrition. The market further provides the ingredient types based on the concentration level of low, medium and high and market scenario at the global level.

By Type
		Eicosapentanoic Acid (EPA)
		Docosahexaenoic Acid (DHA)
		EPA/DHA

By Application

Food and Beverages
	Infant Formula
	Fortified Food and Beverages

Dietary Supplements

Pharmaceuticals

Animal Nutrition

Clinical Nutrition

By Concentration Type
		High Concentrated
		Medium Concentrated
		Low Concentrated

Geography

North America
	United States
	Canada
	Mexico
	Rest of North America

Europe
	Spain
	United Kingdom
	Germany
	France
	Italy
	Russia
	Rest of Europe

Asia Pacific
	China
	Japan
	India
	Australia
	Rest of Asia-Pacific

South America
	Brazil
	Argentina
	Rest of South America

Middle East and Africa
	South Africa
	United Arab Emirates
	Rest of Middle East and Africa

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Key Market Trends

EPA/DHA Ingredients Emerge as the Fastest Growing Segment

EPA is commonly used in combination with DHA in various infant formulas. Most products in the market are present as a combination of EPA and DHA, owing to their combinatorial health effects. Algal oil is gaining popularity among vegans and vegetarians, and other people who want a source of long-chain omega-3 fatty acids (EPA and DHA). It does not pose the risk of contamination with pollutants, such as polychlorinated biphenyls. For instance, in India, the dietary supplements sector is the largest consumer of omega-3 ingredients. The main source of the omega-3 ingredient is algal oil. Its usage is expected to increase faster than the fish oil, due to the large vegetarian population in India. The combination of EPA and DHA in dietary supplements claims to have benefits for fetal development, cardiovascular health, and cognitive function, among others.

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North America & Europe to Drive the Global Market

United States in North America followed by Europe accounts for the largest share in the global market. This is due to the increased consumption of Omega 3 supplements, fortified foods and rising awareness regarding the health benefits of Omega 3. Also, domestic expansion of the leading companies and frequent launches of products with enhanced formulations have further fueled the market growth in the region.

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Competitive Landscape

The global algae omega-3 ingredients market is fragmented, as key players, like DSM, Corbion, BASF, Polaris S.A., and Neptune Wellness Solutions Inc. are facing competition from local players across various regions. Partnerships remained the most common strategy, with weightage of 43% in the global algae omega-3 ingredients market. Key players, like ADM, DSM, and Neptune Wellness Solutions Inc. are focusing on partnerships and joint ventures to increase their production capabilities and consumer base across various regions.

Major Players

* Complete list of players covered available in the table of contents below

1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Market Drivers
2. 4.2 Market Restraints
3. 4.3 Porters Five Force Analysis
  1. 4.3.1 Threat of New Entrants
  2. 4.3.2 Bargaining Power of Buyers/Consumers
  3. 4.3.3 Bargaining Power of Suppliers
  4. 4.3.4 Threat of Substitute Products
  5. 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
1. 5.1 By Type
  1. 5.1.1 Eicosapentanoic Acid (EPA)
  2. 5.1.2 Docosahexaenoic Acid (DHA)
  3. 5.1.3 EPA/DHA
2. 5.2 By Application
  1. 5.2.1 Food and Beverages
    1. 5.2.1.1 Infant Formula
    2. 5.2.1.2 Fortified Food and Beverages
  2. 5.2.2 Dietary Supplements
  3. 5.2.3 Pharmaceuticals
  4. 5.2.4 Animal Nutrition
  5. 5.2.5 Clinical Nutrition
3. 5.3 By Concentration Type
  1. 5.3.1 High Concentrated
  2. 5.3.2 Medium Concentrated
  3. 5.3.3 Low Concentrated
4. 5.4 Geography
  1. 5.4.1 North America
    1. 5.4.1.1 United States
    2. 5.4.1.2 Canada
    3. 5.4.1.3 Mexico
    4. 5.4.1.4 Rest of North America
  2. 5.4.2 Europe
    1. 5.4.2.1 Spain
    2. 5.4.2.2 United Kingdom
    3. 5.4.2.3 Germany
    4. 5.4.2.4 France
    5. 5.4.2.5 Italy
    6. 5.4.2.6 Russia
    7. 5.4.2.7 Rest of Europe
  3. 5.4.3 Asia Pacific
    1. 5.4.3.1 China
    2. 5.4.3.2 Japan
    3. 5.4.3.3 India
    4. 5.4.3.4 Australia
    5. 5.4.3.5 Rest of Asia-Pacific
  4. 5.4.4 South America
    1. 5.4.4.1 Brazil
    2. 5.4.4.2 Argentina
    3. 5.4.4.3 Rest of South America
  5. 5.4.5 Middle East and Africa
    1. 5.4.5.1 South Africa
    2. 5.4.5.2 United Arab Emirates
    3. 5.4.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
1. 6.1 Most Active Companies
2. 6.2 Strategies Adopted by Leading Players
3. 6.3 Market Share Analysis
4. 6.4 Company Profiles
  1. 6.4.1 Archer Daniels Midland Company
  2. 6.4.2 Koninklijke DSM N.V.
  3. 6.4.3 Corbion N.V.
  4. 6.4.4 Neptune Wellness Solutions
  5. 6.4.5 Source Omega LLC
  6. 6.4.6 Polaris
  7. 6.4.7 BASF SE
  8. 6.4.8 Novotech Nutraceuticals Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS