Algae Omega-3 Ingredients Market Trends

Statistics for the 2023 & 2024 Algae Omega-3 Ingredients market trends, created by Mordor Intelligence™ Industry Reports. 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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Market Trends of Algae Omega-3 Ingredients Industry

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

Increasing Demand for EPA/DHA-Based Algae Omega-3 in Infant Formulations

The market studied is being dominantly driven by the increasing demand for infant formula products in developing regions. China is the world's largest consumer of infant formula products, due to the high birth rate in the country. DHA and EPA are essential for infant brain development and immunity strength. DHA has well-established legal strains for incorporation into infant formula products in different regulations and WHO recommendations. Infant formula holds the major market share for algae omega-3 consumer products in China.

According to a Norwegian study, omega-3 demonstrates a positive effect on a child's brain and enhances a child's problem-solving abilities. According to recent research studies, high doses of DHA in baby formula or breast milk can have a positive effect on the growth of pre-term infants, such as an increase in height. In countries, such as China, where both the adult population and infant population are on the rise, the demand for infant nutrition and baby food is constantly increasing. The demand for infant nutrition fortified with omega-3 is increasing from the parents who have busy lifestyles and less time to prepare meals.

Algae Omega-3 Ingredients Market: Market Size (%), by Region, Global, 2019

North America Holds the Largest Market Share

United States in North America accounts for the largest share in the global algae omega 3 ingredient market. This is due to the increased consumption of Omega 3 supplements, fortified foods and rising awareness regarding the health benefits of Omega 3. Also, domestic expansion of the leading companies and frequent launches of products with enhanced formulations have further fueled the market growth in the region. 

In the United States, docosahexaenoic acid (DHA) is a major ingredient that is being used in infant nutrition. Almost all the brands offering infant nutrition formula in the country uses DHA as an ingredient that adds to the cost of formula, which is augmenting the growth of algae omega-3 ingredients market in the country. For instance, Enfamil, a US-based company offers Enfagrow A+ Stage 4 Nutritional Milk Powder, which consists of DHA, along with other essential prebiotics and micronutrients.

Algae Omega-3 Ingredients Market: Market Share (%), By Type, Global, 2019

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