Market Size of North America Algae Omega-3 Ingredients Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.20 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Algae Omega-3 Ingredient Market Analysis
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.
- Algae Omega-3 ingredients are gaining prominence and becoming a part of the consumer’s daily diet. The key reasons for this change have been the increased prevalence of lifestyle diseases and people taking preventive healthcare measures.
- Consumers are increasingly relying on alternative channels to self-diagnose and identify targeted health needs, partly driven by the fact that insurers are increasing co-pays and incentivizing their customers to take preventative care measures. An estimated 70% of Americans use the internet to get health information and to help make decisions throughout their health journeys (pre-diagnosis, diagnosis, and treatment). This, in turn, has facilitated the rise in the demand for algae omega-3 ingredients.
