Algae Omega-3 Ingredients Market by Type, Sales Distribution Channel, Application

Description

List of Tables

[194 Pages Report] The Algae Omega-3 Ingredients Market size was estimated at USD 1.31 billion in 2023 and expected to reach USD 1.44 billion in 2024, at a CAGR 10.72% to reach USD 2.67 billion by 2030.

Global Algae Omega-3 Ingredients Market

KEY MARKET STATISTICS
Base Year [2023]	USD 1.31 billion
Estimated Year [2024]	USD 1.44 billion
Forecast Year [2030]	USD 2.67 billion
CAGR (%)	10.72%

Algae omega-3 ingredients have a high nutritional value regarding protein content, amino acid quality, and nutritional receptivity. These ingredients contain essential fatty acids, which have been shown to improve brain, eye, and cardiovascular health. Further, algal oil contains docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA), which are beneficial for infant formulation production. As people shift towards healthy diets due to rising sedentary lifestyles, the demand for algae omega-3 ingredients has significantly boosted. However, the high production cost and associated side effects may hamper the adoption rate of the algae omega-3 ingredients. Nevertheless, the ongoing innovations in the production cycle and the introduction of many vegan products can create lucrative opportunities for the market.

Regional Insights

From a geographical perspective, North America accounts for a sizable portion of the global market due to increased consumption of omega-3 supplements, fortified foods, and growing awareness of the health benefits of omega-3. Furthermore, key companies' domestic expansion and frequent launches of products with improved formulations have fueled regional market growth. Similarly, in European countries, people are increasingly shifting towards vegan products, which have increased the consumption of algae omega-3 ingredients. Moreover, the emerging EU regulatory approvals for newly launched vegan omega-3 oil have raised market growth. In Asia-Pacific, China is the largest consumer of algae omega-3 ingredients as China has many companies focused on manufacturing algae omega-3 ingredients and finished products such as fortified foods/supplements due to the growing middle-class population, disposable income, and health awareness. Furthermore, many research studies have claimed the positive health benefits of algae omega-3 products, which has created lucrative opportunities for the market in the future.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Algae Omega-3 Ingredients Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Algae Omega-3 Ingredients Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Algae Omega-3 Ingredients Market, highlighting leading vendors and their innovative profiles. These include AlgaeCytes Limited, Algarithm Ingredients Inc., AlgiSys BioSciences, Inc., Archer Daniels Midland Company, Arizona Algae Products, LLC, BASF SE, Bioriginal Food & Science Corp, BIOTECNOLOGIAS APLICADAS SL, BrainMD Health, Chambio Co., Ltd., ConnOils LLC, Corbion NV, GC Rieber VivoMega AS, Goerlich Pharma GmbH, iwi Life, KD Pharma Group, Koninklijke DSM N.V., Lonza Group PLC, MiAlgae Ltd., Nature's Way, Inc., Nordic Naturals, NORSAN by San Omega GmbH, NutraPakUSA, Purazell GmbH, R&G Strategic Inc., Solutex GC S.L., Source-Omega LLC by Cooke, SPECTRUM ORGANIC PRODUCTS, LLC, Testa Omega 3, Together Health Ltd., and Vital Nutrients by RHG & Company, Inc..

Market Segmentation & Coverage

This research report categorizes the Algae Omega-3 Ingredients Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Docosahexaenoic Acid
- Eicosapentaenoic Acid
Sales Distribution Channel
- Offline
- Online
Application
- Animal Nutrition
- Dietary Supplements
- Food & Beverage
- Pharmaceuticals
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Algae Omega-3 Ingredients Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Algae Omega-3 Ingredients Market?

3. What are the technology trends and regulatory frameworks in the Algae Omega-3 Ingredients Market?

4. What is the market share of the leading vendors in the Algae Omega-3 Ingredients Market?

5. Which modes and strategic moves are suitable for entering the Algae Omega-3 Ingredients Market?

Product Code: MRR-B16853777459

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Algae Omega-3 Ingredients Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising demand for EPA/DHA-based algae omega-3 in infant formulations
  - 5.1.1.2. Growing burden of lifestyle disease across the globe
  - 5.1.1.3. Rapid inclination towards the use of healthy diet supplements
- 5.1.2. Restraints
  - 5.1.2.1. Concern associated with high production cost and expensive post-processing
- 5.1.3. Opportunities
  - 5.1.3.1. Introduction of novel vegan products by market players
  - 5.1.3.2. Ongoing exploration of innovative methods of producing omega-3
- 5.1.4. Challenges
  - 5.1.4.1. Issues pertaining to adverse health impacts of algae omega-3 supplements
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Algae Omega-3 Ingredients Market, by Type

6.1. Introduction
6.2. Docosahexaenoic Acid
6.3. Eicosapentaenoic Acid

7. Algae Omega-3 Ingredients Market, by Sales Distribution Channel

7.1. Introduction
7.2. Offline
7.3. Online

8. Algae Omega-3 Ingredients Market, by Application

8.1. Introduction
8.2. Animal Nutrition
8.3. Dietary Supplements
8.4. Food & Beverage
8.5. Pharmaceuticals

9. Americas Algae Omega-3 Ingredients Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Algae Omega-3 Ingredients Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Algae Omega-3 Ingredients Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Agreement, Collaboration, & Partnership
  - 12.3.1.1. Seafood heavyweight Thai Union announces deal with algae-based omega-3 ingredient producer
  - 12.3.1.2. Corbion and IQI strengthen their partnership for supplying sustainable Algae DHA for pet food applications
  - 12.3.1.3. Polaris and Golden Omega partner for the North American market
  - 12.3.1.4. Aquaculture pioneer Atlantic Sapphire announces the inclusion of algal omega-3 feed ingredients
- 12.3.2. New Product Launch & Enhancement
  - 12.3.2.1. BrainMD Launches The First-Ever* - High Potency EPA/DHA - Vegan Omega-3 Made From Sustainable & Certified Marine Algae
  - 12.3.2.2. DSM supports marine ecosystem protection with launch of omega-3 alternative to fish oil
- 12.3.3. Investment & Funding
  - 12.3.3.1. GC Rieber VivoMega Announces $75 Million Expansion
  - 12.3.3.2. Whiskey for microalgae? MiAlgae lands USD 2.7M for novel omega 3 production
- 12.3.4. Award, Recognition, & Expansion
  - 12.3.4.1. DSM Builds algal portfolio to help meet the growing demand for omega-3
  - 12.3.4.2. DSM's "Game-Changing" Vegan Omega-3 Oil Gets EU Regulatory Approval

13. Competitive Portfolio

13.1. Key Company Profiles
- 13.1.1. AlgaeCytes Limited
- 13.1.2. Algarithm Ingredients Inc.
- 13.1.3. AlgiSys BioSciences, Inc.
- 13.1.4. Archer Daniels Midland Company
- 13.1.5. Arizona Algae Products, LLC
- 13.1.6. BASF SE
- 13.1.7. Bioriginal Food & Science Corp
- 13.1.8. BIOTECNOLOGIAS APLICADAS SL
- 13.1.9. BrainMD Health
- 13.1.10. Chambio Co., Ltd.
- 13.1.11. ConnOils LLC
- 13.1.12. Corbion NV
- 13.1.13. GC Rieber VivoMega AS
- 13.1.14. Goerlich Pharma GmbH
- 13.1.15. iwi Life
- 13.1.16. KD Pharma Group
- 13.1.17. Koninklijke DSM N.V.
- 13.1.18. Lonza Group PLC
- 13.1.19. MiAlgae Ltd.
- 13.1.20. Nature's Way, Inc.
- 13.1.21. Nordic Naturals
- 13.1.22. NORSAN by San Omega GmbH
- 13.1.23. NutraPakUSA
- 13.1.24. Purazell GmbH
- 13.1.25. R&G Strategic Inc.
- 13.1.26. Solutex GC S.L.
- 13.1.27. Source-Omega LLC by Cooke
- 13.1.28. SPECTRUM ORGANIC PRODUCTS, LLC
- 13.1.29. Testa Omega 3
- 13.1.30. Together Health Ltd.
- 13.1.31. Vital Nutrients by RHG & Company, Inc.
13.2. Key Product Portfolio

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing