Tuna and Algae Omega-3 Ingredient Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Tuna and Algae Omega-3 Ingredient Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The global tuna and algae omega-3 ingredient market is projected to grow at a CAGR of 11.04% during the forecast period (2019-2024). Rise in perceived health benefits of omega-3 fatty acids, for which fish oil is the primary extraction source, is driving the demand for tuna omega-3 ingredients. The tuna fish oil omega-3 market has witnessed emerging global raw material hotspots in China, Japan, Spain, and Italy. The aquaculture sector in this region is thriving promisingly and this boost is expected to provide further impetus to the overall growth of the fish oil omega-3 industry. Algae Omega-3 ingredients play a key role to drive the overall market growth due to the growing demand for algae omega-3 in infant food fortification, as it provides benefits similar to that of fish oil, but has no off-odour or taste.

Key Market TrendsIncreasing Consumer Expenditure on Omega-3 Supplements Products

Growing consumer health awareness and concerns toward a healthy lifestyle, majorly in regions like Asia-Pacific, Latin America, and Africa, are leading to an increased demand for ingredients, such as EPA and DHA. Moreover, an increasing percentage of the smoking population, incidences of heart-related complications, and other health-related issues across the world are is fueling the growth of omega-3 ingredients, including tuna and algae omega-3 ingredients, globally, and especially in developing economies. Manufacturers and suppliers involved actively in the supply chain of omega-3 in various regions, and also making strategic efforts to ensure a gradual flow of information regarding the health benefits associated with omega-3 enriched diets, which has largely and positively affected the sales of omega-3 ingredients in the developing regions.

Asia-Pacific Emerges as the Largest Market Globally

Driven by the growing demand from sports nutrition and booming opportunities in personalized nutrition, the omega-3 ingredients hold a promising future market in Asia-Pacific. Moreover, the increasing ageing population in the countries such as China and Japan with a proportionate rise in general population emerges as one of the key factors leading to the demand for brain health supplements, which, in turn, has led many key players to invest on their research and development activities regarding new innovations in omega-3 supplements. The high birth rate and the recent abolition of the one-child policy in China are slated to boost the infant food industry. Many players such as Pathway International are strategically partnering with key ingredient manufacturers in order to expand the production level or product line.

Competitive Landscape

The global tuna and algae omega-3 ingredient market is highly fragmented. BASF, Neptune Wellness Solutions Inc., and Omega Protein Corporation are the most active companies in the global tuna and algae omega-3 ingredients market. Key players, like Neptune Wellness Solutions Inc. and Cellana Inc., 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
Koninklijke DSM N.V.
Corbion N.V.
Neptune Wellness Solutions
Omega LLC

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5.1 By Type
5.1.1 Algae Type Product type Eicosapentanoic Acid (EPA) Docosahexaenoic acid (DHA) EPA/DHA Concentration type High Concentrated Medium Concentrated Low Concentrated
5.1.2 Tuna Type Crude Tuna Oil Refined Tuna Oil
5.2 By Application
5.2.1 Food and Beverage Infant Formula Fortified Food and Beverages
5.2.2 Dietary Supplements
5.2.3 Pharmaceutical
5.2.4 Animal Nutrition
5.2.5 Clinical Nutrition
5.3 Geography
5.3.1 North America United States Canada Mexico Rest of North America
5.3.2 Europe Spain United Kingdom Germany France Italy Russia Rest of Europe
5.3.3 Asia Pacific China Japan India Australia Rest of Asia-Pacific
5.3.4 South America Brazil Argentina Rest of South America
5.3.5 Middle East and Africa South Africa United Arab Emirates Rest of Middle East and Africa
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Archer Daniels Midland Company
6.4.2 Koninklijke DSM N.V.
6.4.3 Corbion N.V.
6.4.4 Neptune Wellness Solutions
6.4.6 BASF SE
6.4.7 Source-Omega LLC
6.4.8 AlgaeCytes

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings