Asia-Pacific Algae Omega-3 Ingredients Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Asia-Pacific Algae Omega-3 Ingredients Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Asia-Pacific algae omega-3 ingredients market is expected to register a CAGR of 9.7% during the forecast period (2020-2025).

Key Highlights

• 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.

Key Market TrendsHealth 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.

Competitive Landscape

The Asia-Pacific algae omega-3 ingredients market is fragmented, with the presence of various small and large players, like DSM, Corbion, BASF, Polaris SA, and Neptune Wellness Solutions Inc. Key players in the market are focusing on partnerships and joint ventures to increase their production capabilities and consumer base across various regions.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Archer Daniels Midland Company
DSM Nutritional Products
Corbion NV
Nordic Naturals Inc.
Qponics Limited
SIMRIS ALG AB
BASF SE
Xiamen Huison Biotech Co. Ltd

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