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Fish Oil vs Algae Oil: Market Trends & Health Benefits

25 April 2022 by Mordor Intelligence

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EPA (eicosapentaenoic acid) and DHA (docosahexaenoic acid) are long-chain omega-3 fatty acids sourced from various vegetable and animal sources.

– The global EPA and DHA market is projected to reach USD 2,372.90 million by 2027, registering a CAGR of 6.76% during the forecast period (2022-2027).

– The DHA (Docosahexaenoic Acid) segment is driven by the rising demand and its incorporation in infant formulae and nutritional products targeting children’s health. It is an essential building block for the growth and maturation of an infant’s brain and retina. It is mainly obtained from fish and algae oils.

– In October 2021, Danone India’s mission ‘to bring health through food’ launched fortified beverages AptaGrow for children. AptaGrow includes prebiotic and DHA for the physical and cognitive development of children.

 

Vegetarian Sources of EPA and DHA

– Microalgae, a source rich in omega-3 and beta-carotene, has gained immense popularity among manufacturers as a sustainable source of food and fuel. Omega-3’s plays an important role in supporting overall health, as well as chronic disease management and prevention.

– Algae omega ingredients play a key role in driving the overall market growth due to the growing demand for algae omega in infant food fortification, as they provide benefits similar to that of fish oil but have no off-odour or taste. The algae omega-3 ingredient market is driven by the demand for dietary supplement

– Omega ingredients obtained from algae are considered more bioavailable and sustainable for production.

– An estimated 70% of Americans use the internet to get health information and to help make decisions throughout their health journeys (pre-diagnosis, diagnosis, and treatment). This, in turn, has facilitated the rise in the demand for algae omega-3 ingredients.

 

Recent Developments in the Omega-3 Industry

– To cater to the demand for DHA/EPA ingredients in India, in September 2021, the Indian Food Safety Authority gave Evonik clearance to import and distribute AvailOm in India to accelerate the roll-out of its omega-3 solution.

– In September 2021, KD Pharma Group introduced Alga3, sustainable, vegan omega-3 solutions. KD Nutra’s superior technology and production flexibility allow for a wide range of omega-3 concentrates. This means the companies can customize the EPA and DHA ratio on customer needs, and for any kd-pür® fish oil, there is a matching Alga3™ plant-based solution.

– In 2021, Nordic Naturals entered the beauty category with new skin health supplements. Among the miss Nordic Beauty Omega-3 + Borage Oil, which combines highly concentrated EPA+DHA from fish oil and gamma-linolenic acid (GLA) from borage seed oil to provide comprehensive support for healthy skin and whole-body wellness.

 

Significance Of Fish Oil Omega-3 & Krill Oils in EPA and DHA Market

– The rising adoption of fish oil alternatives is driving the growth of the krill oil market. Fish oil dominates the krill oil market in both volume and value consumption. Fish oil omega-3 is known to have immunity-boosting factor.

– The rise in perceived health benefits of omega-3 fatty acids, for which fish oil is the primary extraction source, is also driving the fish oil omega-3 market. Fish oil omega-3 evidently improves the good cholesterol level and reduces blood triglyceride levels. It positively helps the people having or prone to cardiovascular diseases.

– The rising demand for fish oil and, most importantly, fish oil omega-3 has encouraged the overall technical, and financial support extended to the aquaculture industry. The continuous developments in the aquaculture sector are driving the growth of the fish oil omega-3 market.

 

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