Market Size of Asia-Pacific Algae Omega-3 Ingredient Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.70 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Algae Omega-3 Ingredient Market Analysis
The Asia-Pacific algae omega-3 ingredients market is expected to register a CAGR of 9.7% during the forecast period (2020-2025).
- Algae omega-3 oils are essential fatty acids that have a broad range of health benefits, including cardiovascular, eye, and brain health. Hence, it is being widely used in dietary supplements.
- The increasing prevalence of obesity in the developed countries increased the diet consciousness among the younger generation, which is supporting the growth of the market studied.
- 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.
