Europe Algae Omega-3 Ingredients Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Europe Algae Omega-3 Ingredients Market is segmented by Type into Eicosapentaenoic Acid (EPA), Docosahexaenoic Acid (DHA), and EPA/DHA, Application into Food and Beverage, Dietary Supplements, Pharmaceuticals, Animal Nutrition, and Clinical Nutrition, Concentration Type into High Concentrated, Low Concentrated, and Medium Concentrated, and Geography

Market Snapshot

Europe Algae Omega-3 Ingredient Market Summary
Study Period: 2016 - 2026
Base Year: 2019
CAGR: 10.6 %

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Market Overview

The European algae omega-3 ingredients market is projected to register a CAGR of 10.6% during the forecast period (2020-2025).

  • Omega-3 ingredients are popularly used in fortified/functional food and beverages in Europe. The aging population is expected to create an opportunity for products claiming to lower cholesterol and improve heart health. Local players, such as Pharma Nord, have introduced omega-3 dietary supplements targeting different sets of population. For instance, the company’s pure and natural fish oil in capsules, available in a natural lemon flavor, is targeted toward children to maximize their health benefits, thereby leading to its increased purchases by parents.
  • Moreover, algal oil is gaining popularity among vegans and others 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 European algae omega-3 ingredients market is segmented by type into ecosapentaenoic acid (EPA), docosahexaenoic acid (DHA), and EPA/DHA, by application into food and beverage, dietary supplements, pharmaceuticals, animal nutrition, and clinical nutrition, and by concentration type into high concentrated, low concentrated, and medium concentrated. The market is also segmented by geography.

Type
Eicosapentanoic Acid (EPA)
Docosahexaenoic Acid (DHA)
EPA/DHA
Application
Food and Beverages
Infant Formula
Fortified Food and Beverages
Dietary Supplements
Pharmaceuticals
Animal Nutrition
Clinical Nutrition
Concentration Type
High Concentrated
Medium Concentrated
Low Concentrated
Geography
United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe

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Key Market Trends

Growing Consumption of Omega-3 Supplements Among Adult Consumers

Omega-3 fatty acids, particularly EPA and DHA, are essential in the human diet for proper growth, development, and good health. These have been found to be particularly good for heart health, joint and inflammation support, eye health, cognitive function, pregnancy and healthy child development, and immune function, among other benefits. Algae omega-3 ingredients used in dietary supplements, with the major focus of EPA-only products, will be the future spotlight of the market in the region. Consumers are looking for new developments in omega-3 products and their focus on specific health benefits. Omega-3s also help protect adult eyes from age-related macular degeneration and dry eye syndrome.

europe-algae-omega-3-ingredient-market

Germany and the United Kingdom Hold a Prominent Share

Germany and the United Kingdom are the major markets for the algal-based EPA ingredients and fortified products, followed by France and Spain. Germany is the largest market for algae omega-3 ingredients, with a significant market share, followed by the United Kingdom. Moreover, the UK government has increased the recommendation of EPA and DHA in the daily diet of an adult, from 200 mg to 450 mg. The consumption pattern is different in the United Kingdom because only 27% consume oily fish, and most of the adults and children depend on other sources of EPA and DHA in supplementary dietary products. 

europe-algae-omega-3-ingredient-market

Competitive Landscape

The European algae omega-3 ingredients market is fragmented with the presence of strong global and regional players. Key players, like ADM, Koninklijke DSM NV, Novotech Nutraceuticals Inc., and Croda International PLC, are focusing on partnerships and joint ventures to increase their production capabilities and consumer bases across the region.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  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 Type

      1. 5.1.1 Eicosapentanoic Acid (EPA)

      2. 5.1.2 Docosahexaenoic Acid (DHA)

      3. 5.1.3 EPA/DHA

    2. 5.2 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 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 United Kingdom

      2. 5.4.2 Germany

      3. 5.4.3 France

      4. 5.4.4 Russia

      5. 5.4.5 Italy

      6. 5.4.6 Spain

      7. 5.4.7 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Archer Daniels Midland Company

      2. 6.3.2 Koninklijke DSM NV

      3. 6.3.3 Corbion NV

      4. 6.3.4 BASF SE

      5. 6.3.5 Croda International PLC

      6. 6.3.6 Source Omega LLC

      7. 6.3.7 Polaris

      8. 6.3.8 Novotech Nutraceuticals Inc.

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

**Subject to Availability

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Frequently Asked Questions

The Europe Algae Omega-3 Ingredients Market market is studied from 2016 - 2026.

The Europe Algae Omega-3 Ingredients Market is growing at a CAGR of 10.6% over the next 5 years.

Archer Daniels Midland Company, Corbion N.V., BASF SE, Croda International Plc, Koninklijke DSM N.V. are the major companies operating in Europe Algae Omega-3 Ingredients Market.

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