Africa Algae Omega-3 Ingredients Market Trends

Statistics for the 2023 & 2024 Africa Algae Omega-3 Ingredients market trends, created by Mordor Intelligence™ Industry Reports. Africa Algae Omega-3 Ingredients trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Single User License

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Team License

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Corporate License

$8750

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Market Trends of Africa Algae Omega-3 Ingredients Industry

This section covers the major market trends shaping the Africa Algae Omega-3 Ingredients Market according to our research experts:

DHA is expected to have a high penetration rate

Across Africa, The most obvious market for EPA/DHA oil from phototrophic algae is the growing EPA/DHA consumer market, which can be divided into the market segments such as dietary supplements, pet foods, functional foods, infant formulas, pharmaceuticals and clinical nutrition. On the other hand, poor nutrition has long been recognized as one the contributing factors of mental illnesses among individuals in developing countries. To counter such issues the supplementation of omega-3 fatty acids, particularly, docosahexaenoic acid (DHA) is an example of available nutrient-based interventions that has shown promising results in improving mental health.

Africa Algae Omega 3 Market Trend 1

South Africa dominates the demand

South Africa dominates the market due to the rising health awareness and economy of the country. The increasing birth rate in the region has accelerated the market for the algal omega-3 ingredient, as it is considered as premium DHA/EPA to fortify infant formula products. The dietary supplements segment is likely to emerge as a high growth segment citing its increasing consumption pattern among affluent consmers in the country. Across South Africa, almost half of the population, or 46%, take some form of daily nutritional supplement, thereby laying numerous opportunities for Omega-3 products manufacturers to populate their product offerings.

Africa Algae Omega 3 Market Trend 2

Africa Algae Omega-3 Ingredients Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)