New York, September 7, 2020 (GLOBE NEWSWIRE) – Reportlinker.com Announces the Release of Algae Omega-3 Ingredients Market – Growth, Trends, and Forecast (2020-2025) report – https: // www. reportlinker .com / p05778223 /? utm_source = GNW
Seaweed oil is becoming increasingly popular with vegans and other people looking for a source of long-chain omega-3 fatty acids (EPA and DHA). There is no risk of contamination with pollutants such as polychlorinated biphenyls.
Important market trends
EPA / DHA ingredients are the fastest growing segment
EPA is commonly used in combination with DHA in various infant formulas. Most of the products on the market are available as a combination of EPA and DHA because of their combinatorial health effects. Algae oil is becoming increasingly popular with vegans, vegetarians, and other people looking for a source of long-chain omega-3 fatty acids (EPA and DHA). There is no risk of contamination with pollutants such as polychlorinated biphenyls. For example, in India, the dietary supplement sector is the largest consumer of omega-3 ingredients. The main source of the omega-3 ingredient is algae oil. Due to the large vegetarian population in India, its consumption is expected to increase faster than that of fish oil. The combination of EPA and DHA in dietary supplements is said to have benefits for fetal development, cardiovascular health, and cognitive function, among other things.
North America and Asia Pacific to advance the global market
The United States in North America, followed by the Asia-Pacific region, make up the largest share of the world market. This is due to the increased consumption of omega-3 supplements, fortified foods, and increasing awareness of the health benefits of omega-3. The expansion of the leading companies domestically and the frequent launches of products with improved formulations have also fueled market growth in the region. In the United States, docosahexaenoic acid (DHA) is a major ingredient used in infant nutrition. Almost all of the brands selling infant formula formulas in the country use DHA as an ingredient, adding to the cost of the formula and promoting the growth of the omega-3 algae ingredient market in the country. For example, Enfamil, a US-based company, offers Enfagrow A + Stage 4 Nutritional Milk Powder, which is made from DHA along with other essential prebiotics and micronutrients.
The global market for omega-3 ingredients for algae is fragmented as key players such as DSM, Corbion, BASF, Polaris SA and Neptune Wellness Solutions Inc. face competition from local players in different regions. Partnerships remained the most common strategy. Key players such as ADM, DSM and Neptune Wellness Solutions Inc. are focusing on partnerships and joint ventures to improve their manufacturing capabilities and customer base in different regions.
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