The European algae omega-3 ingredients market is projected to register a CAGR of 10.6% during the forecast period (2020-2025).
Omega-3 ingredients are popularly used in fortified/functional food and beverages in Europe. The aging population is expected to create an opportunity for products claiming to lower cholesterol and improve heart health. Local players, such as Pharma Nord, have introduced omega-3 dietary supplements targeting different sets of population. For instance, the company’s pure and natural fish oil in capsules, available in a natural lemon flavor, is targeted toward children to maximize their health benefits, thereby leading to its increased purchases by parents.
Moreover, algal oil is gaining popularity among vegans and others who want a source of long-chain omega-3 fatty acids (EPA and DHA). It does not pose the risk of contamination with pollutants, such as polychlorinated biphenyls.
Key Market Trends
Growing Consumption of Omega-3 Supplements Among Adult Consumers
Omega-3 fatty acids, particularly EPA and DHA, are essential in the human diet for proper growth, development, and good health. These have been found to be particularly good for heart health, joint and inflammation support, eye health, cognitive function, pregnancy and healthy child development, and immune function, among other benefits. Algae omega-3 ingredients used in dietary supplements, with the major focus of EPA-only products, will be the future spotlight of the market in the region. Consumers are looking for new developments in omega-3 products and their focus on specific health benefits. Omega-3s also help protect adult eyes from age-related macular degeneration and dry eye syndrome.
Germany and the United Kingdom Hold a Prominent Share
Germany and the United Kingdom are the major markets for the algal-based EPA ingredients and fortified products, followed by France and Spain. Germany is the largest market for algae omega-3 ingredients, with a significant market share, followed by the United Kingdom. Moreover, the UK government has increased the recommendation of EPA and DHA in the daily diet of an adult, from 200 mg to 450 mg. The consumption pattern is different in the United Kingdom because only 27% consume oily fish, and most of the adults and children depend on other sources of EPA and DHA in supplementary dietary products.
Competitive Landscape
The European algae omega-3 ingredients market is fragmented with the presence of strong global and regional players. Key players, like ADM, Koninklijke DSM NV, Novotech Nutraceuticals Inc., and Croda International PLC, are focusing on partnerships and joint ventures to increase their production capabilities and consumer bases across the region.
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Omega-3 ingredients are popularly used in fortified/functional food and beverages in Europe. The aging population is expected to create an opportunity for products claiming to lower cholesterol and improve heart health. Local players, such as Pharma Nord, have introduced omega-3 dietary supplements targeting different sets of population. For instance, the company’s pure and natural fish oil in capsules, available in a natural lemon flavor, is targeted toward children to maximize their health benefits, thereby leading to its increased purchases by parents.
Moreover, algal oil is gaining popularity among vegans and others who want a source of long-chain omega-3 fatty acids (EPA and DHA). It does not pose the risk of contamination with pollutants, such as polychlorinated biphenyls.
Key Market Trends
Growing Consumption of Omega-3 Supplements Among Adult Consumers
Omega-3 fatty acids, particularly EPA and DHA, are essential in the human diet for proper growth, development, and good health. These have been found to be particularly good for heart health, joint and inflammation support, eye health, cognitive function, pregnancy and healthy child development, and immune function, among other benefits. Algae omega-3 ingredients used in dietary supplements, with the major focus of EPA-only products, will be the future spotlight of the market in the region. Consumers are looking for new developments in omega-3 products and their focus on specific health benefits. Omega-3s also help protect adult eyes from age-related macular degeneration and dry eye syndrome.
Germany and the United Kingdom Hold a Prominent Share
Germany and the United Kingdom are the major markets for the algal-based EPA ingredients and fortified products, followed by France and Spain. Germany is the largest market for algae omega-3 ingredients, with a significant market share, followed by the United Kingdom. Moreover, the UK government has increased the recommendation of EPA and DHA in the daily diet of an adult, from 200 mg to 450 mg. The consumption pattern is different in the United Kingdom because only 27% consume oily fish, and most of the adults and children depend on other sources of EPA and DHA in supplementary dietary products.
Competitive Landscape
The European algae omega-3 ingredients market is fragmented with the presence of strong global and regional players. Key players, like ADM, Koninklijke DSM NV, Novotech Nutraceuticals Inc., and Croda International PLC, are focusing on partnerships and joint ventures to increase their production capabilities and consumer bases across the region.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Archer Daniels Midland Company
- Koninklijke DSM NV
- Corbion NV
- BASF SE
- Croda International PLC
- Source Omega LLC
- Polaris
- Novotech Nutraceuticals Inc.
Methodology
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