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Algae Omega 3 Ingredients - Global Strategic Business Report

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    Report

  • 418 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5029929
The global market for Algae Omega 3 Ingredients is estimated at US$1.2 Billion in 2023 and is projected to reach US$2.4 Billion by 2030, growing at a CAGR of 8.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the EPA / DHA segment, which is expected to reach US$1 Billion by 2030 with a CAGR of 9.6%. The Docosahexaenoic Acid (DHA) segment is also set to grow at 7.9% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $418.9 Million in 2023, and China, forecasted to grow at an impressive 10.7% CAGR to reach $280.2 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Algae Omega 3 Ingredients Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Algae Omega 3 Ingredients Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Algae Omega 3 Ingredients Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Algaecytes Limited, Archer-Daniels-Midland Company (ADM), BASF SE, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 70 Featured):

  • Algaecytes Limited
  • Archer-Daniels-Midland Company (ADM)
  • BASF SE
  • Corbion N.V.
  • Koninklijke DSM N.V.
  • Nordic Naturals
  • Novotech Nutraceuticals Inc.
  • POLARIS
  • Solutex Inc
  • Source Omega LLC
  • XYMOGEN, Inc.

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Global Economic Outlook
  • A Fall-Out of the Pandemic is Increased Consumer Focus on Health and Wellness Products
  • An Introduction to Algae Omega 3 Ingredients
  • Omega 3 Fatty Acids and the Role of Algal Oil
  • Global Market Outlook
  • NoTable Trends & Drivers in Algae Omega-3 Ingredients Market
  • North America Remains at Forefront of Algae Omega-3 Ingredients Market
  • Competition
  • Algae Omega 3 Ingredients - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Algae Oil Emerges as Superhero on the Omega-3 Fatty Acid Stage
  • Algae-Derived Omega-3 to Become a Buzzing Trend with Bright Future
  • Emphasis on Healthy Lifestyles Drives Focus onto Health & Wellness Foods, Fueling Demand for Algae Omega 3 Ingredients
  • Growing Awareness about Health Benefits of Algae Products Drives Demand for Algae Omega 3 Ingredients
  • Algae Showing Tremendous Potential for Food Applications
  • Increased Emphasis on Natural Health Supplements & Foods Promises Market Growth
  • Over-Fishing Concerns Shift Focus onto Vegetarian Sources of Omega 3: Potential for Algae Omega 3 Ingredients
  • Rising Incidence of Chronic Diseases & Lifestyle-related Disorders Spur Market Gains
  • Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • World Diabetes and Population Statistics (2019, 2030 & 2045)
  • Fatalities by Heart Conditions: Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
  • Omega-3 Emerges as the Most Popular Heart-Healthy Ingredient
  • Health Benefits of Few Marine-derived Functional Food Ingredients
  • Surging Interest in Animal-free Omega-3 Ingredients
  • Omega-3 Supplementation Essential for Maintaining Cognitive Function in the Elderly
  • Amidst Rise in Mental Disorders, Spurt in Omega-3 Ingredients Demand Presents Avenues for Algae-Derived Options
  • Robust Growth in Functional Foods & Drinks to Bolster Demand for Algae Omega 3 Ingredients
  • Global Functional Foods & Drinks Market in US$ Million by Geographic Region/Country for 2022 and 2030
  • Pandemic-Led Focus on Health & Wellness Fuels Functional Foods Market Growth
  • Rising Demand for Dietary Supplements with Algae Omega 3 Ingredients
  • Quest for Plant-based and Vegetarian Sources Augurs Well for the Market
  • Omega-3 Fatty Acid Supplements Market - Major Challenges Faced by Brands in Sustaining Consumer Interest
  • Lipid-Fortified Algae Oil Emerges as a Promising Vegan Option
  • Digital Eyestrain and Other Vision-Related Concerns Underline Significance of Algae Omega 3s for Eye Health Nutraceuticals
  • Rising Demand for EPA & DHA in Infant Formula: A Massive Growth Punch for Algae Omega-3 Ingredients Market
  • Algae-based Omega 3s to Replace Fish Oil Omega 3s in Baby Milk and Baby Foods
  • High-Concentration, Vegan Omega-3 Oils from Microalgae
  • Companies Focus on Innovations for Driving Up Concentrations, Bioavailability and Plant-based Options
  • EPA Focused Algae Omega-3 Ingredients Market Set to Exhibit Great Leap Forward
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Algae Omega 3 Ingredients Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Algae Omega 3 Ingredients by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Algae Omega 3 Ingredients by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Algae Omega 3 Ingredients by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for EPA / DHA by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for EPA / DHA by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for EPA / DHA by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Docosahexaenoic Acid (DHA) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Docosahexaenoic Acid (DHA) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for Docosahexaenoic Acid (DHA) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Eicosapentanoic Acid (EPA) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Eicosapentanoic Acid (EPA) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 13: World 16-Year Perspective for Eicosapentanoic Acid (EPA) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Dietary Supplements & Functional Foods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Dietary Supplements & Functional Foods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 16: World 16-Year Perspective for Dietary Supplements & Functional Foods by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 19: World 16-Year Perspective for Pharmaceuticals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Infant Formula by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 21: World Historic Review for Infant Formula by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 22: World 16-Year Perspective for Infant Formula by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Animal Nutrition by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Animal Nutrition by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 25: World 16-Year Perspective for Animal Nutrition by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 26: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 27: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 28: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Algae Omega 3 Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Algae Omega 3 Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Algae Omega 3 Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Algae Omega 3 Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Algae Omega 3 Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Algae Omega 3 Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Algae Omega 3 Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Algae Omega 3 Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Algae Omega 3 Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Algae Omega 3 Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Algae Omega 3 Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Algae Omega 3 Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Algae Omega 3 Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Algaecytes Limited
  • Archer-Daniels-Midland Company (ADM)
  • BASF SE
  • Corbion N.V.
  • Koninklijke DSM N.V.
  • Nordic Naturals
  • Novotech Nutraceuticals Inc.
  • POLARIS
  • Solutex Inc
  • Source Omega LLC
  • XYMOGEN, Inc.

Table Information