Market Trends of Asia-Pacific Algae Omega-3 Ingredient Industry
This section covers the major market trends shaping the APAC Algae Omega-3 Ingredient Market according to our research experts:
Health Benefits Associated with Omega-3 Consumption
Omega-3 fatty acids, particularly EPA and DHA, are essential in the human diet for proper growth, development, and good health. These have been found to be particularly good for heart health, joint and inflammation support, eye health, cognitive function, pregnancy and healthy child development, and immune function, among other benefits. Recently, deaths due to cardiovascular diseases have witnessed an increase globally, though mortality rates have decreased. China has high rates of heart health issues, and this continues to drive the demand for heart health ingredients, like omega-3 fatty acids. Omega-3 plays an important role in supporting overall health, as well as chronic disease management and prevention.
China is Dominating the Market
Among the Asia-Pacific countries, China consumes the highest in the algae omega-3 ingredients market. Owing to the increasing middle-class population, disposable income, and health awareness, China has many companies focused on the manufacturing of algae omega-3 ingredients and finished products (fortified foods/supplements). With the increased demand in the infant food industry and the increasing demand from sports nutrition and booming opportunities in personalized nutrition, the omega-3 ingredients hold a promising future in China. The algae oil segment is expected to grow faster than the fish oil segment. This is attributed to the growing vegetarian population, coupled with aggressive campaigns on animal cruelty-free products and rising vegan population.
