Algae Omega 3 Ingredient Market is expected to grow at a CAGR of 11.5 % during the forecast period of 2018-2023| Top Players - DSM NUTRITIONAL PRODUCTS, BIOPROCESS ALGAE, Llc, NEPTUNE WELLNESS SOLUTIONS, SOURCE-OMEGA, QUALITAS HEALTH, amongst others

Market Analysis:

North America to Dominate the Market Growth
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.

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The demand for algae omega 3 is growing at a faster rate in infant food fortification as it provides the same benefit that of fish oil, but it has no off odor or taste. Omega 3 obtained from algae is considered as more bioavailable and sustainable for production which is highly required at present time, where overfishing is a major problem. Another benefit associated with algae Omega 3 is, it is vegan. Moreover, the product quality of algae Omega 3 is superior as compared to fish oil because it is free from any toxic pollutants, and possesses high purity in terms of form of fatty acid, and off sensory properties. DHA holds the largest share in the market due to its high demand in infant formula products and legal recommendations on it. The major restraining factor with market is the high cost of product due to higher downstream processing cost. However, with passage of time due to technological advancement, the market can be highly competitive.

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Market Segments:
Algae Omega 3 Ingredient Market is segmented by:
1. Type: Eicosapentanoic Acid (EPA), Docosahexanoic Acid (DHA)
2. Concentration Type: High-Concentrated, Concentrated, Low-Concentrated
3. Purity/Quality Type: Premium, Others
4. Application: Food & Beverages, Dietary Supplement, Pharmaceuticals, Animal Nutrition
5. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• January 2018: Startup Triton Algae is bringing healthy and safe non GMO, and vegan algae powder rich in omega u2013 3, 6, and 9 fatty acids, vitamin A/ Betacarotene and iron. This is an excellent source of high protein.
• September 2017: Nordic Naturalsu00ae Introduces Five New Children’s Products. The new products offer concentrated, triglyceride-form omega-3 fish oil in age-appropriate formulations for cognition, learning and attention, mood health, and more, plus a kid-friendly, fast-melt probiotic powder.

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