According to FutureWise analysis the market for algae omega 3 ingredient in 2023 is US$ 0.98 billion, and is expected to reach US$ 2.71 billion by 2031 at a CAGR of 13.6%.
Algae Omega-3 ingredients are derived from marine algae that are rich in concentrated sources of specific omega-3 fatty acids, like DHA (docosahexaenoic acid) and EPA (eicosapentaenoic acid). Omega-3 fatty acids are vital polyunsaturated fats that play important roles in various bodily functions, including supporting heart health and brain function, lowering the risk of cardiovascular disease, helping reduce blood pressure, and reducing inflammation. Algal oil also contains other essential fatty acids called omega-9 fatty acids. However, with technological advancements, it's now possible to extract omega-3 directly from algae, bypassing the need to go through the fish. This makes algae-derived omega-3 a more sustainable and vegan-friendly option.
Omega-3 [(n-3)] long-chain polyunsaturated fatty acids, including EPA and DHA, are dietary fats with various health benefits. They are integrated into many body parts, such as cell membranes, and play a role in anti-inflammatory processes and affecting membrane fluidity. EPA and DHA are crucial for proper fetal growth and healthy aging. DHA is specifically abundant in the brain, and the retina is a vital component of all cell membranes. Additionally, EPA and DHA are the building blocks of several metabolites that act as potent lipid mediators, widely recognized for their potential in preventing or managing various diseases. Moreover, a shorter chain omega-3 fatty acid, α-linolenic acid (ALA),6 is a prominent component of our diet as it is found in many land plants that are commonly eaten, but it does not provide health benefits.
FutureWise Market Research has published a report that provides an insightful algae omega 3 ingredient market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, algae omega 3 ingredient market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.