TMCnet News
North America Algae Omega-3 Ingredient Market - Growth, Trends & Forecasts (2017-2022) - Key Players are DSM, Bioprocess Algae, Algaecides, Algisys, Terravia - Research and MarketsResearch and Markets has announced the addition of the "North America Algae Omega-3 Ingredient Market - Growth, Trends and Forecasts (2017 - 2022)" report to their offering. The North America algae omega-3 ingredient market is expected to register a CAGR of 10.1%, during the forecast period of 2017-2022. The algae omega-3 ingredient market is dominantly driven by the strong demand for dietary supplement products. The algae omega-3 demand is growing at a faster rate in the health supplement segment, as it provides the same benefit as that of fish oil, but with no off-odor or taste. Omega-3 obtained from algae are considered as more bioavailable and sustainable. The use of premium-grade omega-3 for infant formula is another major driver for the market, as algae omega-3 has proved to be of superior quality. In North America, consumers are highly aware of the EPA/DHA benefits and its daily recommended dosage. The major restraining factor for the market is the high-cost of the products, due to higher downstream processing cost. However, with the passage of time and technological advancement, its price is forecasted to reduce, which can make it a highly competitive market. Companies Mentioned
Key Topics Covered: 1. Introduction 2. Research Approach and Methodology 3. Market Overview 4. Market Segmentation 5. Competitive Landscape 6. Company Profiles 7. Appendix For more information about this report visit http://www.researchandmarkets.com/research/sbl27r/north_america View source version on businesswire.com: http://www.businesswire.com/news/home/20170522005757/en/ |
