Europe Algae Omega-3 Ingredient Market By Product Type (Docosahexaenoic Acid (DHA), Eicosapentaenoic Acid (EPA)), By Application (Dietary Supplements, Functional Foods and Beverages, Pharmaceuticals, Animal Feed), And Forecast
Report ID: 472769|No. of Pages: 202
Europe Algae Omega-3 Ingredient Market By Product Type (Docosahexaenoic Acid (DHA), Eicosapentaenoic Acid (EPA)), By Application (Dietary Supplements, Functional Foods and Beverages, Pharmaceuticals, Animal Feed), And Forecast
Europe Algae Omega-3 Ingredient Market Size And Forecast
Europe Algae Omega-3 Ingredient Market was valued at USD 386.75 Million in 2024 and is projected to reach USD 859.66 Million by 2031, growing at a CAGR of 11% from 2024 to 2031.
- Algae Omega-3 components include naturally occurring omega-3 fatty acids, notably DHA (Docosahexaenoic Acid) and EPA (Eicosapentaenoic Acid), obtained from microalgae. Algae are a sustainable and plant-based alternative to typical omega-3 sources like fish oil. These omega-3 fatty acids are crucial to human health, particularly cardiovascular, cognitive, and ocular function. Algae-derived omega-3 is regarded a more environmentally benign choice because it reduces the need for fish harvesting, hence reducing overfishing and ocean habitat deterioration. The increased need for plant-based and sustainable alternatives in health and nutrition has boosted the appeal of algae-based omega-3 components.
- Algae omega-3 components are various. They are commonly utilized in nutritional supplements, functional foods, and beverages to promote heart health, cognitive function, and overall well-being. Algal omega-3s are used in the pharmaceutical business, particularly in treatments designed to treat chronic disorders such as excessive cholesterol, inflammation, and neurological diseases. Animal feed is another important application, as omega-3-enriched feed promotes healthier livestock and increases omega-3 levels in animal-based goods such as eggs, milk, and meat.
- Algae omega-3 ingredients appear promising, owing to rising consumer desire for sustainable, plant-based nutrition, increased understanding of omega-3 advantages, and advances in algae cultivation methods. The market is likely to grow as new uses emerge, particularly in personalized nutrition and plant-based food products.
Europe Algae Omega-3 Ingredient Market Dynamics
The key market dynamics that are shaping the Europe algae omega-3 ingredient market include:
Key Market Drivers
- Rising Health Consciousness and Nutritional Awareness: Rising health consciousness and nutritional awareness are projected to fuel the growth of the European algae omega-3 ingredient market. With 72% of European customers preferring nutritional supplements with proven health benefits, there is a growing demand for healthier options like algae-based omega-3 sources. The rising prevalence of cardiovascular diseases, which account for 45% of all deaths in Europe, has heightened interest in omega-3 supplementation as a preventive health intervention. The European Nutrition Foundation anticipates a 35% increase in consumer demand for plant-based omega-3 sources from 2020 to 2022, indicating a trend towards sustainable and plant-based nutritional solutions.
- Expanding Functional Food and Nutraceutical: The expanding functional food and nutraceutical markets are significantly driving the Europe Algae Omega-3 Ingredient Market. Valued at approximately €47.5 billion in 2020, the European functional food market is expected to see consistent growth, spurred by consumer demand for convenient nutritional solutions. Algae omega-3 ingredients are increasingly being incorporated into functional foods, beverages, and dietary supplements, addressing the preference for sustainable and effective health products.
- Rising Vegetarian and Vegan Population: The rising vegetarian and vegan population in Europe is driving the demand for algae omega-3 ingredients. Between 2014 and 2021, the number of vegans in the United Kingdom surged by 445%, according to Euromonitor International. Traditional fish oil omega-3 supplements are unsuitable for vegetarians and vegans, creating a robust market opportunity for algae-based omega-3, which serves as a plant-based alternative.
Key Challenges:
- Cost-Effectiveness of Algal Omega-3 Production: Algae omega-3 constituents are frequently more expensive to produce than fish-derived omega-3. This is mostly because algae cultivation necessitates specialized facilities such as bioreactors, regulated conditions, and cutting-edge technologies for algae growth and omega-3 extraction. Furthermore, algae production and extraction are labor-intensive and require significant skill, making them pricey. As consumer demand for algal omega-3 components rises, manufacturers must discover ways to keep production costs low while preserving product quality.
- Regulatory Hurdles: The food and dietary supplement sectors in Europe are highly regulated. Regulatory agencies, such as the European Food Safety Authority (EFSA), set strict standards for the use of omega-3 components in food and health products. Manufacturers must traverse complex regulatory frameworks governing safety, quality, and labeling regulations. These regulations may slow the introduction of new products to the market and raise the cost of market entry for new enterprises or those producing novel algae-based omega-3 products.
- Technological Limitations in Algal Cultivation: Algae cultivation for omega-3 production relies heavily on modern technology like photobioreactors and fermentation processes. However, these technologies are continually improving, and scalability and efficiency in algal production remain challenges. Furthermore, as the market increases, there will be a need for continuing innovations in algae cultivation techniques to fulfill the rising need for omega-3 nutrients. Companies must engage in research and development (R&D) to improve algae growth methods, increase yields, and minimize technological and infrastructure costs.
Key Trends:
- Rising demand for plant-based omega-3s: The popularity of plant-based diets and vegetarianism is influencing the demand for algae-derived omega-3 components. Unlike typical fish oil sources, algal omega-3s provide a sustainable and vegan option. Consumers are increasingly turning to algae for omega-3s to improve heart health, brain function, and inflammation reduction, which is driving market expansion in Europe.
- Regulatory Support for Algae-Based Products: European regulatory organizations, including the European Food Safety Authority (EFSA), have acknowledged the health benefits of omega-3 fatty acids derived from algae. The increased acceptance and regulation of algal omega-3s as a valid and safe human food ingredient is helping to drive industry expansion. Furthermore, regulatory changes that allow for the labeling and marketing of algal omega-3 products as sustainable and nutritional alternatives to fish oil increase their appeal to European customers.
- Rise of Algae Omega-3s in Infant Formula and Baby Nutrition: Another growing trend in the European market is the incorporation of algal omega-3s into newborn formulae and baby nutrition products. As the importance of omega-3 fatty acids in brain development and cognitive function throughout infancy becomes more widely recognized, there is a greater need for plant-based omega-3 sources in baby food. Algae omega-3s, particularly DHA (docosahexaenoic acid), are increasingly being used in infant formulae to address the nutritional demands of newborn children.
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Europe Algae Omega-3 Ingredient Market Regional Analysis
Here is a more detailed regional analysis of the Europe algae omega-3 ingredient market:
United Kingdom:
- The UK dominates the European algae omega-3 ingredient market. United Kingdom leads the European algae omega-3 ingredient market, with a market value of £185 million in 2022 and a projected CAGR of 14.6% through 2030, reaching £520 million. This growth is driven by the rising health and wellness trends, with 67% of UK adults actively seeking nutritional supplements, particularly omega-3s for cardiovascular health.
- The increasing demand for plant-based alternatives, highlighted by a 45% rise in plant-based supplement consumption since 2020, aligns with consumer preferences for sustainable, ethical sourcing. Government support, including investments in sustainable nutrition research and regulatory backing, fosters innovation in algae-based omega-3s, further accelerating the market’s growth.
Russia:
- Russia is emerging as the fastest-growing region for European algae omega-3 ingredients. due to improved health awareness, technological breakthroughs, and favorable economic situations. Urban consumers are becoming more health-conscious, with 46% of those aged 25–45 actively seeking nutritional supplements, resulting in a 40% increase in supplement consumption between 2020 and 2023. Omega-3 supplements have a strong market potential, with a projected CAGR of 9.7%, driven by increased disposable incomes, a 55 million middle-class population, and advances in algae farming technology.
- Algae-based omega-3s are becoming more popular due to their cardiovascular, cognitive, and anti-inflammatory effects while rising environmental awareness drives demand for sustainable, plant-based supplements. The market is predicted to reach 50 billion rubles by 2028, owing to technical advancements and favorable laws.
Europe Algae Omega-3 Ingredient Market: Segmentation Analysis
The Europe Algae Omega-3 Ingredient Market is segmented on the basis of Product Type, and Application.
Europe Algae Omega-3 Ingredient Market, By Product Type
- Docosahexaenoic Acid (DHA)
- Eicosapentaenoic Acid (EPA)
Based on Product type, the market is segmented into Docosahexaenoic Acid (DHA) and Eicosapentaenoic Acid (EPA). Docosahexaenoic Acid (DHA) is currently the leading category due to its vital function in cognitive health and extensive use in brain-health supplements, particularly among newborns and the elderly. DHA is widely used in infant formulae, dietary supplements, and functional foods, giving it a higher market share than EPA. Eicosapentaenoic Acid (EPA) is the fastest-increasing sector. This rise is driven by its tremendous cardiovascular health advantages, particularly in terms of lowering triglycerides and increasing heart function. The rising prevalence of cardiovascular illnesses in Europe, combined with increased consumer awareness of EPA’s benefits, is driving its rapid market expansion. EPA is also gaining popularity in functional meals and supplements as more individuals seek preventative health remedies.
Europe Algae Omega-3 Ingredient Market, By Application
- Dietary Supplements
- Functional Foods and Beverages
- Pharmaceuticals
- Animal Feed
Based on Application, the market is segmented into Dietary Supplements, Functional Foods and Beverages, Pharmaceuticals, and Animal Feed. Dietary supplements dominate the market due to rising customer demand for natural, plant-based supplements that provide cardiovascular and cognitive health advantages. Omega-3s made from algae are becoming more popular than traditional fish-based solutions among health-conscious consumers, including vegetarians and those looking for sustainable alternatives. The Functional Foods and Beverages market is the fastest expanding, driven by rising consumer interest in incorporating health-boosting ingredients into daily foods and beverages. As consumers prioritize health and wellness, the demand for fortified food products, such as omega-3 enriched snacks, beverages, and dairy, has increased.
Key Players
The Europe Algae Omega-3 Ingredient Market is highly fragmented with the presence of a large number of players in the market. Some of the major companies include DSM, Corbion, Evonik, BASF SE, Novotech Nutraceuticals, Solazyme, DIC Corporation, Croda International Plc, Koninklijke DSM N.V. and TerraVia. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.
Europe Algae Omega-3 Ingredient Market Recent Development
- In May 2023, Corbion expanded its algae omega-3 production facility in the Netherlands to fulfill the rising demand for high-quality, sustainable omega-3 components. This expansion is expected to help the company better serve the European dietary supplement and food industries.
- In July 2023, Evonik announced a collaboration with Ver Amaris to introduce omega-3-rich algal oils specifically designed for the European pet food and aquaculture industries. The cooperation intends to provide alternatives to standard fish oil-based omega-3 sources.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | DSM, Corbion, Evonik, BASF SE, Novotech Nutraceuticals, Solazyme, DIC Corporation, Croda International Plc, Koninklijke DSM N.V. and TerraVia. |
| SEGMENTS COVERED |
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1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology
2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights
3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis
4. Europe Algae Omega-3 Ingredient Market, By Product Type
• Docosahexaenoic Acid (DHA)
• Eicosapentaenoic Acid (EPA)
5. Europe Algae Omega-3 Ingredient Market, By Application
• Dietary Supplements
• Functional Foods and Beverages
• Pharmaceuticals
• Animal Feed
6. Europe Algae Omega-3 Ingredient Market, By Geography
• Europe
7. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market
8. Competitive Landscape
• Key Players
• Market Share Analysis
9. Company Profiles
• DSM
• Corbion
• Evonik
• BASF SE
• Novotech Nutraceuticals
• Solazyme
• DIC Corporation
• Croda International Plc
• Koninklijke DSM N.V.
• TerraVia
10. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities
11. Appendix
• List of Abbreviations
• Sources and References
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Industry Analysis Matrix
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