EPA Focused Algae Omega-3 Ingredient Market size is estimated to reach $1.70 billion by 2025, growing at a CAGR of 7.28% during the forecast period 2020-2025. Omega-3 fatty acids are polyunsaturated fatty acids characterized by the presence of a double bond three atoms away from the terminal methyl group in their chemical structure. EPA is the most important compound that helps in the reduction of cellular inflammation, treatment of depression and protection against thrombosis. Increase in the demand for EPA in infant formulas and beverages, increase in the investment by the major companies to launch healthier products and growing awareness regarding the health benefits of omega-3 fatty acids are the factors that are set to drive the growth of the global market for the forecast period 2020-2025.
EPA Focused Algae Omega-3 Ingredient Market Segment Analysis - By Concentration
Based on the Concentration, the High Concentration segment held the largest share in 2019 owing to the factors such as increase in the awareness among the customers regarding the benefits of daily dosage of omega-3 and growing demand from various applications, like food and beverages, dietary supplements, and clinical nutrition. Low Concentration is set to be the fastest growing with a CAGR of 8.1% owing to its growing awareness among consumers during the forecast period 2020-2025
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EPA Focused Algae Omega-3 Ingredient Market Segment Analysis - By Application
Based on the Application, Food and Beverages segment held the largest share in 2019 owing to the factors such as increase in the investment by the major companies to launch healthier products, growing demand for convenience foods, availability of choice of flavor, increase in the inclination towards sedentary lifestyle and increase in the disposable income of individuals. Dietery supplements are set to be the fastest growing CAGR during the forecast period 2020-2025. This is owing its better sources to supply EPA than fortified foods. Also, Supplements are better in terms of purity and concentration than fortified foods.
EPA Focused Algae Omega-3 Ingredient Market Segment Analysis - By Geography
Based on the Geography, North America held the largest share in 2019. The growth in this segment is owing to the factors such as growing demand for EPA in the infant formulas, increase in the demand for convenience foods, rise in the investment by the major companies to launch healthier products. Asia-Pacific is estimated to be the fastest growing CAGR during the forecast period 2020-2025. This is owing to the factors such as growing demand for EPA in the functional food and beverages, increase in the awareness regarding the health benefits of omega-3 and rise in the disposable income of individuals.
EPA Focused Algae Omega-3 Ingredient Market Drivers
Increase in the demand for EPA in infant formulas and functional food and beverages
The increase in the demand for EPA in infant formulas and functional food and beverages owing to the growing health consciousness among individuals is estimated to enhance the growth of EPA Focused Algae Omega-3 Ingredient Market.
Rise in the awareness regarding the health benefits of omega-3 fatty acids.
The rise in the awareness regarding the health benefits of omega-3 fatty acids is said to increase in the growth of EPA Focused Algae Omega-3 Ingredient Market. Growing demand of EPA in animal feed is also estimated to enhance the growth of the EPA Focused Algae Omega-3 Ingredient Market.
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EPA Focused Algae Omega-3 Ingredient Market Challenges
Stringent government regulations
Stringent government regulations are limiting the content of EPA in infant formulas, which is one of the major factors that is estimated to reduce the growth of the EPA Focused Algae Omega-3 Ingredient Market.
EPA Focused Algae Omega-3 Ingredient Industry Outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the EPA Focused Algae Omega-3 Ingredient Market. Key companies of this market are Archer Daniels and Midland Company, DSM, BASF SE, Pelagia AS, Novotech Nutraceuticals Inc, Omega Protein Corporation, Corbion NV, Golden Omega, Koninklijke DSM NV, NORDIC NATURALS among others.
Acquisitions/Product Launches:
In 2019, Archer Daniels Midland has launched a new line of EPA blends containing omega 3, 6 and 9, which offer benefits that can help in supporting cognitive, heart, immune system, or eye health.
In 2017, DSM has entered into an agreement with Evonik for the development of omega-3 fatty acids from sustainable marine algae source for animal nutrition.
Key Takeaways
Geographically, North America EPA Focused Algae Omega-3 Ingredient Market accounted for the highest revenue share in 2019 and it is poised to dominate during the forecast period 2020-2025 owing to the high demand.
The growing demand for EPA in food and beverages is likely to aid in the market growth of EPA Focused Algae Omega-3 Ingredient Market.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the EPA Focused Algae Omega-3 Ingredient Market report.
The increase in the product launches and increase in the disposable income of individuals are creating higher opportunities for the growth of market for the forecast period 2020-2025.
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