DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Algae Omega 3 Ingredient Market - Growth, Trends and Forecasts (2017 - 2022)" report to their offering.
The global algae omega-3 ingredient market is expected to grow at a CAGR of 11.8% during the forecast period of 2017-2022
The global algae omega-3 ingredient market continues to drive the market with the increased consumption of omega-3 supplements from the US in the developing regions. The market is highly fragmented with the presence of regional domestic and the international players. The major players in the market are DSM, Bioprocess Algae, Algaecides, Algisys, Terravia (Solazyme), among others.
The algae omega-3 ingredient market has been dominantly driven by the strong demand for infant formula products in developing countries, such as China. The algae omega-3 demand is growing at a faster rate in the infant food fortification as it provides the same benefit as that of the fish oil but with no bad odor or taste.
Omega-3 obtained from algae are considered as more bioavailable and sustainable for production, which is highly required at present where overfishing is a major problem. Another benefit associated with algae omega-3 is its suitability for the vegetarian label. Moreover, the product quality of algae omega-3 is superior as compared to fish oil as it is free from any toxic pollutants, and is of high purity regarding the form of fatty acid, and off-sensory properties.
The major restraining factor for the market is the high-cost of the product due to higher downstream processing cost. However, with the passage of time and technological advancement, the price is forecasted to reduce, which can make it a highly competitive market.
Key Topics Covered:
2. Research Approach and Methodology
3. Market Overview
4. Market Segmentation
5. Competitive Landscape
6. Company Profiles
- Dsm Nutritional Products
- Bioprocess Algae, Llc
- Neptune Wellness Solutions (Biogroga)
- Qualitas Health
- Nordic Naturals
- Simris Alg
- Terravia (Solazyme)
- Xiamen Huison Biotech
- Nature's Way (Ascenta Health)
- Synthetic Genomics
For more information about this report visit http://www.researchandmarkets.com/research/bcjlnl/global_algae