APAC Algae Omega-3 Ingredient Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.70 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Algae Omega-3 Ingredient Market Analysis
The Asia-Pacific algae omega-3 ingredients market is expected to register a CAGR of 9.7% during the forecast period (2020-2025).
- Algae omega-3 oils are essential fatty acids that have a broad range of health benefits, including cardiovascular, eye, and brain health. Hence, it is being widely used in dietary supplements.
- The increasing prevalence of obesity in the developed countries increased the diet consciousness among the younger generation, which is supporting the growth of the market studied.
- Algal oil is gaining popularity among vegans and vegetarians, and other people 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.
APAC Algae Omega-3 Ingredient Market Trends
This section covers the major market trends shaping the APAC Algae Omega-3 Ingredient Market according to our research experts:
Health Benefits Associated with Omega-3 Consumption
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. Recently, deaths due to cardiovascular diseases have witnessed an increase globally, though mortality rates have decreased. China has high rates of heart health issues, and this continues to drive the demand for heart health ingredients, like omega-3 fatty acids. Omega-3 plays an important role in supporting overall health, as well as chronic disease management and prevention.
China is Dominating the Market
Among the Asia-Pacific countries, China consumes the highest in the algae omega-3 ingredients market. Owing to the increasing middle-class population, disposable income, and health awareness, China has many companies focused on the manufacturing of algae omega-3 ingredients and finished products (fortified foods/supplements). With the increased demand in the infant food industry and the increasing demand from sports nutrition and booming opportunities in personalized nutrition, the omega-3 ingredients hold a promising future in China. The algae oil segment is expected to grow faster than the fish oil segment. This is attributed to the growing vegetarian population, coupled with aggressive campaigns on animal cruelty-free products and rising vegan population.
APAC Algae Omega-3 Ingredient Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
- 3.1 Market Overview
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
-
4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
-
5.1 Type
- 5.1.1 EPA
- 5.1.2 DHA
- 5.1.3 EPA/DHA
-
5.2 Application
- 5.2.1 Food and Beverage
- 5.2.1.1 Infant Formula
- 5.2.1.2 Fortified Food and Beverage
- 5.2.2 Dietary Supplements
- 5.2.3 Pharmaceuticals
- 5.2.4 Animal Nutrition
- 5.2.5 Other Applications
-
5.3 Concentration
- 5.3.1 High Concentrated
- 5.3.2 Medium Concentrated
- 5.3.3 Low Concentrated
-
5.4 Geography
- 5.4.1 China
- 5.4.2 India
- 5.4.3 Japan
- 5.4.4 Australia
- 5.4.5 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Most Active Companies
- 6.2 Most Adopted Strategies
- 6.3 Market Share Analysis
-
6.4 Company Profiles
- 6.4.1 Archer Daniels Midland Company
- 6.4.2 DSM Nutritional Products
- 6.4.3 Corbion NV
- 6.4.4 Nordic Naturals Inc.
- 6.4.5 Qponics Limited
- 6.4.6 SIMRIS ALG AB
- 6.4.7 BASF SE
- 6.4.8 Xiamen Huison Biotech Co. Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
APAC Algae Omega-3 Ingredient Industry Segmentation
The Asia-Pacific algae omega-3 ingredients market is segmented by type into EPA, DHA, and EPA/DHA. The market is segmented by application into food and beverages, dietary supplements, pharmaceuticals, animal nutrition, and other applications. The market is segmented by concentration into high concentrated, medium concentrated, and low concentrated. The report also provides the geographical analysis of the market.
| Type | EPA | |
| DHA | ||
| EPA/DHA | ||
| Application | Food and Beverage | Infant Formula |
| Fortified Food and Beverage | ||
| Application | Dietary Supplements | |
| Pharmaceuticals | ||
| Animal Nutrition | ||
| Other Applications | ||
| Concentration | High Concentrated | |
| Medium Concentrated | ||
| Low Concentrated | ||
| Geography | China | |
| India | ||
| Japan | ||
| Australia | ||
| Rest of Asia-Pacific |
APAC Algae Omega-3 Ingredient Market Research FAQs
What is the current Asia-Pacific Algae Omega-3 Ingredient Market size?
The Asia-Pacific Algae Omega-3 Ingredient Market is projected to register a CAGR of 9.70% during the forecast period (2024-2029)
What years does this Asia-Pacific Algae Omega-3 Ingredient Market cover?
The report covers the Asia-Pacific Algae Omega-3 Ingredient Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Algae Omega-3 Ingredient Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Algae Omega-3 Ingredient Industry Report
Statistics for the 2024 Asia-Pacific Algae Omega-3 Ingredient market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Algae Omega-3 Ingredient analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
