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| Title | Latest Report Forecasts Robust Growth for the Europe Algae Omega-3 Ingredient Market |
|---|---|
| Category | Family Home --> Food and Related |
| Meta Keywords | Europe Algae Omega-3 Ingredient Market |
| Owner | Joey Moore |
| Description | |
| Europe Algae Omega-3 Ingredient Market Forecast by 2033
The Europe algae omega-3 ingredient market stood at USD 2655.52 thousand in 2024 and is projected to more than double to USD 5654.21 thousand by 2033, registering a CAGR of 8.76%. Rising demand for plant-based EPA and DHA across fortified foods, nutraceuticals and infant formula is fuelling the rapid expansion. Growth Drivers for Europe Algae Omega-3 Ingredient Market EFSA-Approved Baby Formula Claims Drive Infant Nutrition Demand The European Food Safety Authority validated two algae-DHA health claims for infant and follow-on formula in 2023, allowing brands to state “DHA contributes to normal visual development” and “normal brain function”. France and Germany both recorded 18% year-on-year growth in algae-DHA-supplemented formulas after the ruling, according to national retail panels. Formulators are switching from fish oil to algae oil to avoid marine allergens, creating a secure pipeline for the European algae omega-3 ingredient market within the EUR 4.2 billion EU infant nutrition sector. Germany’s 2024 Vegan Label Law Expands Plant-Based SKUs From January 2024, Germany’s consumer protection ministry introduced a standardized “Vegan” logo that explicitly excludes fish-sourced ingredients. Supermarket scanner data show 312 new vegan-labelled foods launched in Q1 2024, 41% of which advertise added omega-3. Algae oil is the only accepted source for these SKUs, pushing ingredient buyers to secure long-term contracts with European microalgae fermenters and accelerating volume uptake across the European algae omega-3 ingredient market. Corporate Carbon Pledges Favour Marine-Free Supply Chains Unilever and Nestlé have committed to net-zero supply chains by 2039, and both firms list fish oil replacement as a priority. In March 2024, Nestlé announced it would switch 50% of its European omega-3 portfolio to algae sources by 2027, removing an estimated 4,300 tonnes of fish oil annually. The move is echoed by several private-label retailers, ensuring sustained demand for low-carbon algae omega-3 ingredients and reinforcing the European algae omega-3 ingredient market growth trajectory. Request a sample report: https://www.imarcgroup.com/europe-algae-omega-3-ingredient-market/requestsample Europe Algae Omega-3 Ingredient Market Segmentation Product Insights:
Application Insights:
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Competitive Landscape The competitive landscape of the industry has also been examined along with the profiles of the key players. Europe Algae Omega-3 Ingredient Market News:
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization. About Us: IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research. | |