North America Algae Omega-3 Ingredient Market to Register an Impressive CAGR of 11.0% during 2018 – 2023 | Analysis by DSM Nutritional Products, Bioprocess Algae, Source-omega, Qualitas Health, Nordic Naturals, ADM, Simris Alg, Algisys

Marketprognosis.com Publish a New Market Research Report On “North America Algae Omega-3 Ingredient Market 2018 - 2023” which contains North America key player’s survey information and forecast to 2023.

Overview of the North America Algae Omega-3 Ingredient Market:

North American region is the largest consumer of algal-based DHA and EPA. During 2016, North American algae Omega-3 market was USD 183.39 Million, and it is expected to reach USD 342.52 Million by 2022, with 11.0% CAGR.

EPA and DHA types of algae omega-3 ingredients have numerous scientifically proven health benefits, which make them preferable omega fatty acids. North America is the largest consumer of EPA algae omega-3 ingredient, followed by Europe and Asia-Pacific. However, North America is expected to lose its position in future, due to rapidly growing Asia-Pacific market for omega-3 ingredients.

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The algae omega-3 demand is growing in the health supplement segment, as it provides the same benefit as that of fish oil, but with no off-odor or taste. Algae Omega-3 is considered to be more bioavailable and sustainable. The algae omega-3 ingredient market is driven by the demand for dietary supplement products. The use of premium-grade omega-3 for infant formula is another factor driving the market, as algae omega-3 has proved to be of superior quality.

North Americans are becoming less tolerant of unsustainable practices. The algae technologies allow for the production of a variety of environmentally sustainable biological products like algae omega-3 ingredients. The algal-based supplements of omega-3 oil, are the most sustainable innovative products, available in North America. Consumers are concerned about the need for omega-3 products in their diet. The United States is the largest market for omega-3 in North America, followed by Canada and Mexico. By application, the dietary supplement holds the major share, and followed by pharmaceutical, infant, food & beverages, pet food and medicinal food.

Americans especially are becoming more aware of the need for Omega-3 products as part of a healthy diet, and roughly 17% of US consumers supplement their diet with Omega-3. There are approximately 35 million vegetarian buyers and 15 million vegans in the US and they get very little DHA in their diet. This is the major reason for the popularity of the algae-based Omega-3.

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Major Key Players:

1 DSM Nutritional Products

2 Bioprocess Algae, Llc

3 Neptune Wellness Solutions (Biogroga)

4 Source-omega

5 Qualitas Health

6 Nordic Naturals

7 ADM

8 Algaecytes

9 Simris Alg

10 Algisys and More……………..

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Algae Omega-3 Ingredient Market.

Table of Contents:

1 Introduction

2 Algae Omega-3 Ingredient Market Overview

3 Algae Omega-3 Ingredient Market Overview

4 Algae Omega-3 Ingredient Market Segmentation

5 Competitive Landscape

6 Company Profiles

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