Algae Omega-3 Ingredients Market Size Demand Share Analysis 2022-2029

The Algae Omega-3 Ingredients Market is expected to grow at a CAGR of 11% during the forecast period 2022-2029. North America region has the highest market share in the Algae Omega-3 Ingredients Market, and it is further continuing its dominance during the forecast period.

Browse Full Report at: https://www.datamintelligence.com/research-report/algae-omega-3-ingredients-market

Our research report gives wide perceptions of the latest trends and development prospects of the market analysis, detailed segmentation analysis, volume, size, share, growth drives, and opportunities in the market. In-depth regional and country-level illustration of the competitive landscape depends on several phases and status of clinical trials over the prominent economies of the globe, and also report contains a number of major companies profiled in the relevant market.

Market Drivers:

China's demand for infant formula increased by 86% in February 2020, while the demand for baby food increased by 98% following the impact of COVID-19.China consumes 30 % of the world's infant formula, followed by other Asian nations with 28 %of the market. China accounts for roughly 65% of the expansion in the infant formula market. China imported 180 kilograms of infant formula, worth USD 2.4 billion, from the world in 2015.

Europe accounts for approximately 90% of imports. Additionally, as a result of a recent scandal involving low-quality domestically produced products, consumers of baby formula are shifting their preference toward imported formula. Infant brain development and immunity strength depend on DHA and EPA. The inclusion of DHA in infant formula products is authorized by numerous regulations and WHO recommendations. A Norwegian study found that omega-3 has a beneficial effect on a child's brain and improves their ability to solve problems. Recent studies have shown that high doses of DHA found in baby formula or breast milk can help preterm infants grow, such as making them taller. The demand for infant nutrition and baby food is constantly rising in nations like China, where both the adult and infant populations are growing. Parents who are busier than usual and don't have as much time to cook for their families are driving up the demand for infant food that is high in omega-3 fatty acids.

Download Sample Report at: https://www.datamintelligence.com/download-sample/algae-omega-3-ingredients-market

Market Segmentation:

By Type:
• Docosahexaenoic Acid (DHA)
• Eicosapentaenoic Acid (EPA)

By Application:
• Infant Nutrition
• Dietary Supplements
• Fortified Food & Beverages
• Animal Nutrition
• Pharmaceutical

By Form Type:
• Triglyceride
• Ethyl Ester
• Phospholipids

Geographical Classification:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

Major Companies Covered:

Koninklijke DSM N.V, Corbion, BASF, Polaris S.A., and Neptune Wellness Solutions Inc. are facing competition from local players across various regions.

Trending topics:

Crustacean Market: https://www.datamintelligence.com/research-report/crustacean-market

Peel Oil Market: https://www.datamintelligence.com/research-report/peel-oil-market

Pet Food Additives Market: https://www.datamintelligence.com/research-report/pet-food-additives-market

DataM Intelligence 4market Research LLP
Ground floor, DSL Abacus IT Park,
Industrial Development Area, Uppal,
Hyderabad, Telangana 500039

DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year, we have secured more than 100 unique customers from established organizations all over the world.

We monitor and analyse the market by dissecting various market influencers, competitive intensity, innovations, trends, and emerging products. This aids us in providing a detailed scenario of the present and future of the market.

This release was published on openPR.