Global Tuna and Algae Omega-3 Ingredient Market - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4544722
  • Report
  • Region: Global
  • 110 Pages
  • Mordor Intelligence
UP TO OFF
until Dec 31st 2018
1 of 5

FEATURED COMPANIES

  • Bioceuticals (Blackmores)
  • Bioprocess Algae LLC
  • Cellana
  • DSM Nutritional Products
  • Henry Lamotte Oils GmbH
  • Nordic Naturals Inc.
  • MORE
The Global Market for Tuna and Algae Omega-3 Ingredients are expected to register CAGRs of 4.1% and 11.6% respectively, during the forecast period of 2018-2023. The scope of the market studied covers tuna and algae omega-3 market. The global tuna oil omega-3 ingredient market has been segmented into refined and crude tuna omega-3 oil. Both the markets have been further segmented based on application type and geography.

Due to depleting ocean fish, as a source for omega-3, fish is not sustainable for the future. This is a major challenge for omega-3 manufacturers. Algae, being the sustainable source of omega-3 fatty acid, has triggered a market demand. However, high downstream processing of algae omega-3 is affecting the market growth. The algae omega-3 ingredient market includes DHA and EPA, which are essential fatty acids with more focused study on algal EPA.

Supplements Driving Omega-3 Sale

The balance quantity of EPA and DHA is required to meet the daily need of omega-3. Supplement form is the easiest and an efficient way to meet the daily requirement, which is not possible through function food, due to the undefined balance of EPA+DHA. In addition, dietary supplements do not require over-the-counter (OTC) drug permission, which is another major factor that accelerates the demand for tuna oil and algae omega-3. Most of the supplements available in the market are in recommended combinations of DHA and EPA. With the growing R&D on EPA benefits on the human body, the demand for EPA-only-based supplements are increasing. However, strict regulatory guidelines for dietary supplement in some regions, such as Europe, are affecting the market growth.

Increased Preference for Premium Omega-3 Ingredient in Infant Nutrition

The global market for tuna and algae Omega-3 Ingredient has been segmented on the basis of type, application, and geography. Although algae-based EPA is still a niche market, it is recording a growth rate faster than that of algae DHA. The food & beverage market has been further segmented into infant formula and fortified food & beverages products. Pharmaceuticals, dietary supplements, and animal nutrition are the fastest growing markets for algae-based omega-3 applications. Microencapsulation has led to the incorporation of omega-3 ingredients into numerous food products, including - infant formulas, baked goods, tortillas, fortified dairy products, beverages, low-fat meat products, liquid egg products, and many more. Algae-derived DHA is of high-quality vegan source, and is free from pollutants, contamination, and fish odor. However, the high price of algae DHA is restraining its growth in developing countries. High birth rate in China, coupled with the lift of ban on one child policy, is likely to accelerate the demand for algal and tuna DHA.

Significant Growth in Emerging Economies

North America and Europe dominate the market, with their dominated production and consumption of tuna and algae omega-3 ingredients. Due to growing consumer awareness about the benefits of omega-3 in supplements and infant formula, Asia-Pacific is expected to record the fastest growth. Japan and China are the significant markets in Asia-Pacific, and are captured by major domestic players.

Major players - BIOCEUTICALS (BLACKMORES), BIOPROCESS ALGAE LLC, CELLANA, DSM NUTRITIONAL PRODUCTS, HENRY LAMOTTE OILS GMBH, NEPTUNE WELLNESS SOLUTIONS (BIODROGA), NORDIC NATURALS INC., NOVOTECH NUTRACEUTICALS INC., QUALITAS HEALTH, SOURCE OMEGA LLC, among others.

Reasons to Purchase this Report
  • Analyzing outlook of the market with the recent trends and Porters five forces analysis
  • Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
  • Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
  • Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report

This report can be customized to meet your requirements.
READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Bioceuticals (Blackmores)
  • Bioprocess Algae LLC
  • Cellana
  • DSM Nutritional Products
  • Henry Lamotte Oils GmbH
  • Nordic Naturals Inc.
  • MORE
1. Introduction
1.1 Key Deliverables of the study
1.2 Study Assumptions
1.3 Market Definitions

2. Research Approach and Methodology
2.1 Introduction
2.2 Research Design
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation

3. Market Overview
3.1 Market Trends

4. Market Dynamics
4.1 Drivers
4.1.1 Increasing Demand of Infant Formula Products In Developing Counties Like China
4.1.2 Worldwide Increase in Heart Disease and Obesity
4.2 Restraints
4.2.1 Fluctuating Tuna Price, High Downstream Processing Cost, and High Market Price
4.2.2 Alternate Sources Of Omega-3
4.3 Opportunities
4.3.1 Growing Consumption of Dietary Supplements in the Developing Regions
4.4 Porters Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Industry Insights for the Tuna Oil and Algae Omega-3 Market

5. Market Segmentation
5.1 Fish Oil & Tuna Oil Market (Includes Value and Volume Data for Tuna Oil (Refined and Crude))
5.1.1 Fish Oil Market
5.1.1.1 Crude Tuna Oil Market (Crude Tuna Oil Application, Geography Analysis)
5.1.1.1.1 Crude Tuna Oil for Omega-3

5.1.1.1.1.1 By Application

5.1.1.1.1.1.1 Infant Nutrition

5.1.1.1.1.1.2 Functional Food & Beverage

5.1.1.1.1.1.3 Animal Nutrition

5.1.1.1.1.1.4 Pharmaceuticals

5.1.1.1.1.1.5 Dietary Supplement

5.1.1.1.1.2 By Geography

5.1.1.1.1.2.1 North America

5.1.1.1.1.2.2 Europe

5.1.1.1.1.2.3 Asia-Pacific

5.1.1.1.1.2.4 South America

5.1.1.1.1.2.5 Africa
5.1.1.1.2 Refined Tuna Oil for Omega-3

5.1.1.1.2.1 By Application

5.1.1.1.2.1.1 Infant Nutrition

5.1.1.1.2.1.2 Functional Food & Beverage

5.1.1.1.2.1.3 Animal Nutrition

5.1.1.1.2.1.4 Pharmaceuticals

5.1.1.1.2.1.5 Dietary Supplement

5.1.1.1.2.2 By Geography

5.1.1.1.2.2.1 North America

5.1.1.1.2.2.2 Europe

5.1.1.1.2.2.3 Asia-Pacific

5.1.1.1.2.2.4 South America

5.1.1.1.2.2.5 Africa
5.2 Algal Omega-3 Market (Includes value data)
5.2.1 By Type
5.2.1.1 EPA
5.2.1.2 DHA
5.2.2 By Application
5.2.2.1 Infant Formula
5.2.2.2 Fortified Food & Beverage
5.2.2.3 Dietary Supplements
5.2.2.4 Pharmaceuticals
5.2.2.5 Animal Nutrition
5.2.3 By Geography
5.2.3.1 North America
5.2.3.2 Europe
5.2.3.3 Asia-Pacific
5.2.3.4 South America
5.2.3.5 Rest of the World

6. Competitive Landscape
6.1 Strategy Adopted by Key Players
6.2 Most Active Companies during the Past Five Years
6.3 Market Share Analysis (Algae Omega-3 Ingredient Market)
6.4 Market Share Analysis (Refined and Crude Tuna Omega-3 Ingredient Market)

7. List of Company Profiles of Refined Tuna Oil

8. List of Company Profiles of Crude Tuna oil

9. Key Users of Refined Algal and Tuna Oil in Infant Nutrition

10. List of Company Profiles of Algae Omega-3

11. Companies Covered
11.1 Bioceuticals (Blackmores)
11.2 Bioprocess Algae LLC
11.3 Cellana
11.4 DSM Nutritional Products
11.5 Henry Lamotte Oils GmbH
11.6 Neptune Wellness Solutions (Biodroga)
11.7 Nordic Naturals Inc.
11.8 Novotech Nutraceuticals Inc.
11.9 Qualitas Health
11.10 Source Omega LLC
12. Appendix
12.1 Disclaimer
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5
  • Bioceuticals (Blackmores)
  • Bioprocess Algae LLC
  • Cellana
  • DSM Nutritional Products
  • Henry Lamotte Oils GmbH
  • Neptune Wellness Solutions (Biodroga)
  • Nordic Naturals Inc.
  • Novotech Nutraceuticals Inc.
  • Qualitas Health
  • Source Omega LLC
Note: Product cover images may vary from those shown
5 of 5
Note: Product cover images may vary from those shown
Adroll
adroll