DUBLIN--(BUSINESS WIRE)--The "Global Algae Omega 3 Ingredient Market - Segmented by Product Type, Application, and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global algae omega 3 ingredient market records a revenue of USD 431.5 million in 2016 and is expected to grow at a CAGR of 11.5% during the forecast period of 2018 - 2023.
Commercially, there are two types of essential Omega 3 fatty acid derived from algae: Eicosapentanoic acid (EPA) and Docosahexanoic acid (DHA). DHA holds the largest share in the market due to its high demand in infant formula products and legal recommendations on it. EPA is the fastest growing market supported by the various health benefits, which has increased its importance in drug formulation.
By concentration type, market is divided into high concentrated, concentrated and low concentrated product. Currently, low concentrated and concentrated algae ingredient are capturing the market demand. Dietary supplement holds the largest share in the algae omega 3 ingredient market followed by infant formula application. Growing awareness among consumers regarding the daily dosage of Omega 3 has focused the demand of high concentrated products.
North America followed by Europe dominates the market. Increased consumption of Omega 3 supplements in countries like U.S. is driving the market in developed regions. Asia-Pacific is the fastest growing region due to growing fortified food market and increased consumer awareness. Japan and China are the significant market in Asia-Pacific captured with major domestic players.
- Dsm Nutritional Products
- Bioprocess Algae LLC
- Neptune Wellness Solutions
- Qualitas Health
- Nordic Naturals
- Simris Alg
- Terravia (Solazyme)
- Xiamen Huison Biotech
- Nature's Way (Ascenta Health)
- Synthetic Genomics
Key Topics Covered:
2. Research Approach and Methodology
3. Market Overview
4. Market Segmentation
5. Competitive Landscape
6. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/5vt7s4/global_algae?w=4