There is an increasing demand from personal care/cosmetic companies and consumers for algal derived functional ingredients. Internal and external skin care products with biologically active ingredients with functional health benefits are increasingly formulated to include Omega 3 oils EPA/DHA.
The anti-aging market (all types of skin and hair) is expected to reach US$ 291 billion in 2015 and is growing at a CAGR of 15.3%. Functional ingredients from natural sources such as Omega 3 oils and antioxidants are playing a major role in appealing to consumers seeking age defining products. Presently there are a number of skin care products which claim to contain marine seaweed as an ingredient. Omega 3 oils EPA/DHA are added to cosmetic formulations due to the reported stimulation of tissue repair and enhancement of collagen production.