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Europe Algae Omega-3 Ingredients Market Size (2024 - 2029)

The European algae omega-3 ingredients market is experiencing significant growth, driven by the increasing demand for fortified and functional foods and beverages. The market's expansion is supported by the aging population's need for products that promote heart health and lower cholesterol. Algal oil is becoming a preferred choice for vegans and health-conscious consumers due to its purity and absence of harmful pollutants. This trend is further bolstered by local companies offering targeted omega-3 dietary supplements to meet diverse consumer needs.

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Market Size of Europe Algae Omega-3 Ingredients Industry

Europe Algae Omega-3 Ingredient Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 10.60 %
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

Europe Algae Omega-3 Ingredient Market Analysis

The European algae omega-3 ingredients market is projected to register a CAGR of 10.6% during the forecast period (2020-2025).

  • Omega-3 ingredients are popularly used in fortified/functional food and beverages in Europe. The aging population is expected to create an opportunity for products claiming to lower cholesterol and improve heart health. Local players, such as Pharma Nord, have introduced omega-3 dietary supplements targeting different sets of population. For instance, the company's pure and natural fish oil in capsules, available in a natural lemon flavor, is targeted toward children to maximize their health benefits, thereby leading to its increased purchases by parents.
  • Moreover, algal oil is gaining popularity among vegans and others 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.

Europe Algae Omega-3 Ingredient Industry Segmentation

The European algae omega-3 ingredients market is segmented by type into ecosapentaenoic acid (EPA), docosahexaenoic acid (DHA), and EPA/DHA, by application into food and beverage, dietary supplements, pharmaceuticals, animal nutrition, and clinical nutrition, and by concentration type into high concentrated, low concentrated, and medium concentrated. The market is also segmented by geography.

Type
Eicosapentanoic Acid (EPA)
Docosahexaenoic Acid (DHA)
EPA/DHA
Application
Food and Beverages
Infant Formula
Fortified Food and Beverages
Dietary Supplements
Pharmaceuticals
Animal Nutrition
Clinical Nutrition
Concentration Type
High Concentrated
Medium Concentrated
Low Concentrated
Geography
United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
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Europe Algae Omega-3 Ingredients Market Size Summary

The European algae omega-3 ingredients market is experiencing significant growth, driven by the increasing demand for fortified and functional foods and beverages. This demand is largely fueled by the aging population, which is seeking products that can help lower cholesterol and improve heart health. Local companies, such as Pharma Nord, are capitalizing on this trend by offering omega-3 dietary supplements tailored to specific demographics, such as children. The popularity of algal oil is also rising, particularly among vegans and those concerned about pollutant contamination, as it provides a clean source of long-chain omega-3 fatty acids like EPA and DHA. These fatty acids are essential for various health benefits, including heart health, joint support, cognitive function, and immune system support, making them a focal point for future market developments.

Germany and the United Kingdom are leading markets for algal-based EPA ingredients and fortified products, with France and Spain also contributing to the market's expansion. The UK, in particular, has seen a shift in dietary recommendations, increasing the daily intake of EPA and DHA, which has influenced consumer reliance on supplementary dietary products due to lower consumption of oily fish. The market is characterized by fragmentation, with both global and regional players such as ADM, Koninklijke DSM NV, Novotech Nutraceuticals Inc., and Croda International PLC actively engaging in partnerships and joint ventures to enhance production capabilities and expand their consumer reach across Europe.

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Europe Algae Omega-3 Ingredients Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Force Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Eicosapentanoic Acid (EPA)

      2. 2.1.2 Docosahexaenoic Acid (DHA)

      3. 2.1.3 EPA/DHA

    2. 2.2 Application

      1. 2.2.1 Food and Beverages

        1. 2.2.1.1 Infant Formula

        2. 2.2.1.2 Fortified Food and Beverages

      2. 2.2.2 Dietary Supplements

      3. 2.2.3 Pharmaceuticals

      4. 2.2.4 Animal Nutrition

      5. 2.2.5 Clinical Nutrition

    3. 2.3 Concentration Type

      1. 2.3.1 High Concentrated

      2. 2.3.2 Medium Concentrated

      3. 2.3.3 Low Concentrated

    4. 2.4 Geography

      1. 2.4.1 United Kingdom

      2. 2.4.2 Germany

      3. 2.4.3 France

      4. 2.4.4 Russia

      5. 2.4.5 Italy

      6. 2.4.6 Spain

      7. 2.4.7 Rest of Europe

Europe Algae Omega-3 Ingredients Market Size FAQs

The Europe Algae Omega-3 Ingredients Market is projected to register a CAGR of 10.60% during the forecast period (2024-2029)

Archer Daniels Midland Company, Corbion N.V., BASF SE, Croda International Plc and Koninklijke DSM N.V. are the major companies operating in the Europe Algae Omega-3 Ingredients Market.

Europe Algae Omega-3 Ingredients Report Snapshots

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