Market Trends of EPA-Focused Algae Omega-3 Industry
This section covers the major market trends shaping the EPA Focused Algae Omega-3 Ingredient Market according to our research experts:
Demand for EPA in Infant Formulae and Functional Food and Beverages to Drive the Market
The extensive use of EPA in combination for developing effective infant nutrition solutions and functional food and beverages is found to boost the algae Omega-3 ingredient market. The vast body of scientific evidence supporting the role of EPA in infants' cognitive and visual development has further fueled infant formulae in the global marketplace. For instance, a plethora of new research and clinical studies have conclusively demonstrated that low EPA and DHA is a strong risk factor for preterm birth. Also, many foods such as milk, yogurt, margarine, bread, and chocolates are found to be increasingly fortified with EPA as supplying of Omega-3 fatty acids in the diet, through fortified foods are expected to effectively meet the body’s metabolic needs, better than dietary supplements.
Asia-Pacific to Witness the Fastest Growth in the Global Market
Asia- Pacific is the fastest-growing region for the algae Omega-3 ingredient market with major markets of India and Australia. The Indian EPA market is driven by rich fish biodiversity that acts as an ideal source and abysmally low level of EPA in Indian diets that necessitates its consumption through nutraceuticals. Also, the dietary supplements sector in the Indian marketplace is expected to emerge as a lucrative application sector for EPA ingredients amid an increase in discretionary spending. The favoring regulations imposed by the regulatory bodies have further fueled the market of the region. For instance, the National Heart Foundation of Australia recommends EPA in the range of 500-1200 mg per day for reducing the risk of cardiovascular diseases and hypertriglyceridemia.
