EPAに注目した藻類由来オメガ3脂肪酸の世界市場 - 成長、動向、予測（2018年〜2023年）
Global EPA Focused Algae Omega-3 Ingredient Market - Growth, Trends, and Forecast (2018 - 2023)
|発行||Mordor Intelligence LLP||商品コード||649817|
|出版日||ページ情報||英文 110 Pages
|EPAに注目した藻類由来オメガ3脂肪酸の世界市場 - 成長、動向、予測（2018年〜2023年） Global EPA Focused Algae Omega-3 Ingredient Market - Growth, Trends, and Forecast (2018 - 2023)|
|出版日: 2018年05月05日||ページ情報: 英文 110 Pages||
The global EPA focused algae omega-3 ingredient market is expected to register a CAGR of 13.4% during the forecast period of 2018-2023. Algae, the sustainable source of omega-3 fatty acid production, has attracted the interest of various manufacturers in the recent years. Algae omega-3 ingredient market includes DHA and EPA, which are essential fatty acids with more focused study on algal EPA. Although algae-based EPA is still a niche market, it has been recording faster growth than that of algae DHA. EPA is the most important compound that helps in the reduction of cellular inflammation, treatment of depression, and protection against atherosclerosis and thrombosis.
Consumer Demand for Dietary Supplements
Most of the EPA supplied to the human body is through the consumption of fish. However, many countries are below par in terms of fish consumption, thus leading to EPA deficiency among the population. People in most parts of the world are unable to obtain the recommended levels of EPA through their normal diets. Supplements are therefore better sources to supply EPA than fortified foods, because supplements are better in terms of purity and concentration than fortified foods, thus making them more effective to treat people with specific health issues. Algal based EPA does not have the fishy odor and after taste which is driving the market. Owing to the increased preference for dietary supplements, as compared to functional food, North America is the largest consumer of algal EPA supplements. However, the majority of supplements available in the market contain a mixture of EPA and DHA, while EPA-only supplements are recording increasing demand, due to targeted health benefits.
Infant Formula Market Boosted the Algal DHA Market
The market has been segmented by type, concentration type, application type, and purity/quality type. Commercially, there are two types of essential omega-3 fatty acids derived from algae - Eicosapentanoic acid (EPA) and Docosahexanoic acid (DHA). Due to its high demand in infant formula products and legal recommendations for the same, DHA holds the largest share in the market. EPA is poised to be the fastest growing market, supported by the various health benefits, which have increased its importance in drug formulation.
By concentration type, the market studied has been divided into high concentrated, concentrated, and low concentrated products. Currently, the low concentrated and concentrated algae ingredient segments are capturing the market. Growing awareness among consumers regarding the benefits of daily dosage of omega-3, has augmented the demand for high concentration products. Based on product purity and quality type, algae omega-3 has been segmented into premium grade and other grades. By application, the market has been segmented into infant formula, dietary supplements, pharmaceuticals, and animal nutrition. Due to increased health concern among pet owners, animal nutrition is another key growing segment in the market. Algal DHA products are mostly consumed by the infant formula in developed regions, such as North America and Europe, as they are considered to be of premium quality DHA, with a higher price tag.
Growing Dietary Supplement Market Offering Growth Opportunity
North America and Europe dominate the market studied, with their significant production and consumption of omega-3 fortified and supplemented products. Due to the growing fortified food market and increasing consumer awareness in the region, Asia-Pacific is estimated to record the fastest growth. Japan and China are the key regions in Asia-Pacific, and are mostly captured by major domestic players. South America is another growing segment in the algae omega-3 fatty acid market, driven by the high consumption of fortified products.
Key Developments in the Market
March 2017 - DSM and Evonik have established a joint venture for the development of omega-3 fatty acids, from sustainable natural marine algae source for animal nutrition. The initial product application is aimed at salmon aquaculture and pet food.
Major players - ADM, ALGAECYTES, ALGAECYTES, BIOCEUTICALS, CELLANA, DSM, NORDIC NATURALS, NOVOTECH NUTRACEUTICALS, INC., QUALITAS HEALTH, SOURCE-OMEGA, TERRAVIA (SOLAZYME), XIAMEN HUISON BIOTECH, among others.
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