Market Overview

The Worldwide Tuna & Algae Omega-3 Ingredient Market (2018-2023): Pharmaceuticals, Dietary Supplements, and Animal Nutrition are the Fastest Growing Markets for Algae-Based Omega-3 Applications

Share:

The "The
Worldwide Tuna & Algae Omega-3 Ingredient Market 2018-2023: Key Growth
Drivers, Trends and Challenges"
report has been added to ResearchAndMarkets.com's
offering.

The Global Market for Tuna Omega-3 Ingredients & Algae Omega-3
Ingredients are expected to register CAGRs of 4.1% and 11.6%
respectively, during the forecast period of 2018-2023.

The balance quantity of EPA and DHA is required to meet the daily need
of omega-3. Supplement form is the easiest and an efficient way to meet
the daily requirement, which is not possible through function food, due
to the undefined balance of EPA+DHA. In addition, dietary supplements do
not require over-the-counter (OTC) drug permission, which is another
major factor that accelerates the demand for tuna oil and algae omega-3.

With the growing R&D on EPA benefits on the human body, the demand for
EPA-only-based supplements are increasing. However, strict regulatory
guidelines for dietary supplement in some regions, such as Europe, are
affecting the market's growth.

Although algae-based EPA is still a niche market, it is recording a
growth rate faster than that of algae DHA. Pharmaceuticals, dietary
supplements, and animal nutrition are the fastest growing markets for
algae-based omega-3 applications. The high price of algae DHA is
restraining its growth in developing countries. High birth rate in
China, coupled with the lift of ban on one child policy, is likely to
accelerate the demand for algal and tuna DHA.

Market Developments

  • DSM and Evonik have established a joint venture for 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.
  • SeaDragon Limited has opened a refinery plant with a capacity of 1700
    metric ton of crude tuna oil refining.

Key Topics Covered

1. Introduction

2. Research Approach and Methodology

3. Market Dynamics

4. Market Segmentation and Analysis

5. Competitive Landscape

6. Company Profiles (Algae Omega 3 Market)

  • Bioprocess Algae LLC
  • DSM Nutritional Products
  • Neptune Wellness Solutions (Biodroga)
  • Bioceuticals (Blackmores)
  • Henry Lamotte Oils GmbH
  • Novotech Nutraceuticals Inc.
  • Nordic Naturals Inc.
  • Source Omega LLC
  • Cellana
  • Qualitas Health
  • Algaecytes
  • Simris ALG
  • Archer Daniels Midland Company (ADM)
  • Feyecon
  • Testa
  • Metagenics
  • Xymogen
  • Polaris
  • Deva Nutrition
  • Jiangsu Tiankai Biotechnology
  • Xiamen Huison Biotech
  • Algisys
  • Confidence USA
  • Corbion

7. Company Profiles (Tuna Oil Company Profiles)

  • Marvesa Holding NV (Koster Marine Oils GmbH, Hamburg)
  • Marine Biotechnology Products Ltd.
  • Malayan Fish Oil
  • GOIA Ltd. (Ocean Products Seychelles Ltd.)
  • Norwegian Fish Oil AS
  • Ben Cat Fish Meal & Fish Oil Factory
  • Seadragon Ltd.
  • T.C. Union Agrotech
  • LYSI HF
  • Clover Corporation
  • American International Chemical
  • Olvea Fish Oils
  • Nanjing Senhai Biological Oil & Fats Co.
  • Imperialoel
  • Smit & Zoon Functional Oils
  • Omega Protein Corporation

For more information about this report visit https://www.researchandmarkets.com/research/z4drqg/global_tuna_and?w=4

View Comments and Join the Discussion!