5th Floor, Brigade Towers,
Financial District, Gachibowli,
Hyderabad - 500032,
North America algae omega-3 ingredients market is segmented by Type into Eicosapentaenoic 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.
Fastest Growing Segment:
Docosahexaenoic Acid (DHA)
North America algae omega-3 ingredient is forecasted to reach USD 257 million by 2025, witnessing a CAGR of 6.2% during the forecast period.
The North America algae omega-3 ingredients market is segmented by 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 regional level.
|Eicosapentanoic Acid (EPA)|
|Docosahexaenoic Acid (DHA)|
|By Concentration Type|
Report scope can be customized per your requirements. Click here.
The algae omega-3 demand is growing in the health supplement segment, as it provides the same benefit as that of fish oil, but with no off-odor or taste. Algae Omega-3 is considered to be more bioavailable and sustainable. The algae omega-3 ingredient market is driven by the demand for dietary supplement products. The use of premium-grade omega-3 for infant formula is another factor driving the market, as algae omega-3 has proved to be of superior quality.
By application, the dietary supplement holds the major share followed by pharmaceutical, food & beverages, Animal Nutrition, and Clinical Nutrition. North American consumers are becoming less tolerant of unsustainable practices. The algae technologies allow for the production of a variety of environmentally sustainable biological products like algae omega-3 ingredients. The algal-based supplements of omega-3 oil, are the most sustainable innovative products, available in North America. Consumers are concerned about the need for omega-3 products in their diet.
To understand key trends, Download Sample Report
The United States is the largest market for omega-3 in North America, followed by Canada and Mexico. In the United States, docosahexaenoic acid (DHA) is a major ingredient that is being used in infant nutrition. Almost all the brands offering infant nutrition formula in the country uses DHA as an ingredient that adds to the cost of formula, which is augmenting the growth of algae omega-3 ingredients market in the country. Increasing awareness about the long-term benefits of omega-3 consumption, fortified product availability, and growing market acceptance for such products is driving the market. The US food processors are launching many products with enhanced algae omega-3 functional food, owing to the rise in per capita spending and inclination of consumers toward health and wellness products.
To understand geography trends, Download Sample Report.
Pharmaceutical products based on algae omega-3 EPA will be the future spotlight in the market. EPA, individually, has high-potential in the market, especially, in pharmaceuticals and nutraceuticals market. There is a huge opportunity for the premium omega-3 ingredient in infant nutrition application in the region; sensory attributes is a major factor for the purchase of the products. Major companies include DSM Nutritional Products, Bioprocess Algae, Llc, Neptune Wellness Solutiions Inc., Archer Daniels Midland, Source-Omega LLC, Novotech Nutraceuticals Inc., and BASF SE.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
3.1 Market Overview
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Eicosapentanoic Acid (EPA)
5.1.2 Docosahexaenoic Acid (DHA)
5.2 By Application
5.2.1 Food and Beverages
184.108.40.206 Infant Formula
220.127.116.11 Fortified Food and Beverages
5.2.2 Dietary Supplements
5.2.4 Animal Nutrition
5.2.5 Clinical Nutrition
5.3 By Concentration Type
5.3.1 High Concentrated
5.3.2 Medium Concentrated
5.3.3 Low Concentrated
5.4.1 North America
18.104.22.168 United States
22.214.171.124 Rest of North America
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Strategies Adopted by Leading Players
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 DSM Nutritional Products
6.4.2 Bioprocess Algae, LLC
6.4.3 Archer Daniels Midland
6.4.4 Neptune Wellness Solutions Inc.
6.4.5 Source-Omega LLC
6.4.7 BASF SE
6.4.8 Novotech Nutraceuticals Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability