New York, September 07, 2020 (GLOBE NEWSWIRE) – Reportlinker.com Announces the Release of the Report “Algae Omega-3 Ingredients Market – Growth, Trends, and Forecast (2020-2025)” – 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 harmful substances such as polychlorinated biphenyls.
Important market trends
EPA / DHA ingredients are the fastest growing segment
EPA is often used in combination with DHA in various baby foods. 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 and vegetarians and other people who want a source of long-chain omega-3 fatty acids (EPA and DHA). There is no risk of contamination with harmful substances such as polychlorinated biphenyls. In India, for example, the dietary supplement sector is the largest consumer of omega-3 ingredients. The main source of the omega-3 ingredient is algae oil. Its use is expected to increase faster than fish oil because of India’s large vegetarian population. 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 as the engine for the global market
The United States in North America, followed by Asia-Pacific, has the largest share of the world market. This is due to increased consumption of omega-3 supplements, fortified foods, and increasing awareness of the health benefits of omega 3. Domestic expansion by leading companies and 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 infant formula brands in the country use DHA as an ingredient which increases the cost of the formula, which increases the growth of the algae omega-3 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 algae omega-3 ingredients market 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 widely used strategy. Key players such as ADM, DSM and Neptune Wellness Solutions Inc. are focusing on partnerships and joint ventures to increase their production capacity and customer base in different regions.
Reasons to Buy This Report:
– The market appraisal sheet (ME) in Excel format
– 3 months of analyst support
Read the full report: https://www.reportlinker.com/p05778223/?utm_source=GNW
Via report linker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you can get all the market research you need – instantly and in one place.