EPA Focused Algae Omega-3 Ingredient Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The EPA focused Algae Omega-3 ingredient market is segmented by concentration (high concentration, medium concentration, and low concentration); by form (triglycerides and ethyl esters); by application (food and beverage, dietary supplements, pharmaceuticals, and animal feed); and by geography.

Market Snapshot

epa focused algae omega 3 ingredient market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 8.2 %

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Market Overview

The EPA focused algae Omega-3 ingredient market is registering a CAGR of 8.2% during the forecast period (2020 - 2025).

Omega-3 oils are essential fatty acids that have a broad range of health benefits, including cardiovascular, eye and brain health, for which is it is widely used in the various end-user application, like dietary supplements, infant nutrition, functional food and beverages, and pharmaceutical and clinical nutrition.

The EPA market is majorly driven by robust demands from the dietary supplements sector wherein an increasing amount of EPA is channelized in developing adult-based essential omega-3 supplements. Also, its robust application in different sectors such as infant formula, dietary supplement, fortified food and beverages, animal nutrition, and pharmaceuticals have further fueled the global market growth.

However, few of the regulations from the regulatory bodies are the factors restraining the global market growth. For instance, according to the IEG (International Expert Group) recommendations, the content of EPA in infant formula should not exceed the DHA content, which is creating a barrier for key players who are willing to introduce EPA-based infant formula products.

Scope of the Report

The EPA focused algae Omega-3 ingredient market has been segmented by concentration into high concentration, medium concentration, and low concentration; by form into triglycerides and ethyl esters; and by application into food and beverage, dietary supplements, pharmaceuticals, and animal feed. The food and beverage segment is further bifurcated into functional food and beverage, and infant formula. Also, the study provides an analysis of the EPA focused algae Omega-3 ingredient market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle-East and Africa.

By Concentration
High concentration
Medium concentration
Low concentration
By Form
Triglycerides
Ethyl esters
By Application
Food and Beverage
Functional Food and Beverage
Infant Formula
Dietary Supplements
Pharmaceuticals
Animal Feed
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
Saudi Arabia
Rest of Middle-East and Africa

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Key Market Trends

Demand for EPA in Infant Formulae and Functional Food and Beverages to Drive the Market

The extensive use of EPA in combination for developing effective infant nutrition solutions and functional food and beverages is found to boost the algae Omega-3 ingredient market. The vast body of scientific evidence supporting the role of EPA in infants' cognitive and visual development has further fueled infant formulae in the global marketplace. For instance, a plethora of new research and clinical studies have conclusively demonstrated that low EPA and DHA is a strong risk factor for preterm birth. Also, many foods such as milk, yogurt, margarine, bread, and chocolates are found to be increasingly fortified with EPA as supplying of Omega-3 fatty acids in the diet, through fortified foods are expected to effectively meet the body’s metabolic needs, better than dietary supplements.

EPA Focused Algae Omega-3 Ingredient Market1

Asia-Pacific to Witness the Fastest Growth in the Global Market

Asia- Pacific is the fastest-growing region for the algae Omega-3 ingredient market with major markets of India and Australia. The Indian EPA market is driven by rich fish biodiversity that acts as an ideal source and abysmally low level of EPA in Indian diets that necessitates its consumption through nutraceuticals. Also, the dietary supplements sector in the Indian marketplace is expected to emerge as a lucrative application sector for EPA ingredients amid an increase in discretionary spending. The favoring regulations imposed by the regulatory bodies have further fueled the market of the region. For instance, the National Heart Foundation of Australia recommends EPA in the range of 500-1200 mg per day for reducing the risk of cardiovascular diseases and hypertriglyceridemia.

EPA Focused Algae Omega-3 Ingredient Market2

Competitive Landscape

The market for EPA focused algae Omega-3 ingredient is fragmented, owing to the presence of a large number of regional and domestic players in different countries. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. For instance, Croda International PLC, acquired Nautilus Biosciences Canada Inc., a marine biotechnology company based in Charlottetown, in 2018, so as to utilize its innovative science for applications across all Crodas’ market sectors. Also, BASF Newtrition Omega-3 launched Accelon absorption-accelerating technology, to enable more Omega-3’s bioavailability in 2017.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's 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. 5. MARKET SEGMENTATION

    1. 5.1 By Concentration

      1. 5.1.1 High concentration

      2. 5.1.2 Medium concentration

      3. 5.1.3 Low concentration

    2. 5.2 By Form

      1. 5.2.1 Triglycerides

      2. 5.2.2 Ethyl esters

    3. 5.3 By Application

      1. 5.3.1 Food and Beverage

        1. 5.3.1.1 Functional Food and Beverage

        2. 5.3.1.2 Infant Formula

      2. 5.3.2 Dietary Supplements

      3. 5.3.3 Pharmaceuticals

      4. 5.3.4 Animal Feed

    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 United Kingdom

        2. 5.4.2.2 Germany

        3. 5.4.2.3 France

        4. 5.4.2.4 Russia

        5. 5.4.2.5 Italy

        6. 5.4.2.6 Spain

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 India

        2. 5.4.3.2 China

        3. 5.4.3.3 Japan

        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 Saudi Arabia

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Strategies Adopted by Key Players

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Koninklijke DSM NV

      2. 6.4.2 Omega Protein Corporation

      3. 6.4.3 The Archer Daniels Midland Company

      4. 6.4.4 Corbion NV

      5. 6.4.5 BASF SE

      6. 6.4.6 Pelagia AS

      7. 6.4.7 Golden Omega

      8. 6.4.8 Novotech Nutraceuticals Inc.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The EPA-Focused Algae Omega-3 Market market is studied from 2016 - 2026.

The EPA-Focused Algae Omega-3 Market is growing at a CAGR of 8.2% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Koninklijke DSM N.V., Omega Protein Corporation, The Archer Daniels Midland Company, Corbion are the major companies operating in EPA-Focused Algae Omega-3 Market.

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