Consumer Goods / DHA Algae Oil Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players - DSM, Cellana, JC Biotech, FEMICO
DHA Algae Oil Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - DSM, Cellana, JC Biotech, FEMICO
Registering a CAGR of 11.1% over the forecast period, the market value of DHA Algae Oil is expected to reach US$ 548.6 million in the year 2027.
DHA Algae Oil Market Overview
The growth in DHA algae oil market can be attributed to the growing demand for food and beverage products that contain this as an ingredient, especially in the Asia Pacific and Latin America. In addition, due to health benefits related with consumption of this product such as protection against cardiovascular diseases, high blood pressure, and diabetes type-2; the infant formula market will also witness substantial growth during the forecast period from 2022 -2027.
Global DHA Algae Oil market is anticipated to witness major growth as compared with previous years due to a increase in demand for this product across various end-use applications such as the food and beverage industry and the infant formula segment. The rising demand for omega-three fatty acids from food and beverages and infant formula sectors as well as increasing health awareness among consumers regarding benefits of plant-based oils such as DHA Algae Oil are some aspects that will lead towards growth in this product industry during the forecast period.
Who are the Major Players in the DHA Algae Oil Market?
The global DHA Algae Oil includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include DSM, Cellana, JC Biotech, FEMICO, Roquette, Runke, Fuxing, Yidie, Yuexiang, Kingdomway, Keyuan, Huison, Cabioand others.
Industry News and Updates:
DSM boosts maternal and infant nutrition portfolio with new plant-based high potency DHA oil
11 May 2020: Latest addition to DSM’s broad nutritional portfolio is the only 550 mg/g natural triglyceride DHA intended for use in maternal nutrition and is aimed for women who are planning to conceive, are pregnant, breastfeeding or non-breastfeeding post-natal mothers. Produced from Schizochytrium algae, life’sDHA SF55-O200DS offers a sustainable plant-based alternative to fish oil and is made with ingredients of conventional (non-GM) origin. A trusted source of contaminant-free, kosher and halal omega-3, life’sDHA SF55-O200DS supports infant health and development and can be consumed in a single, convenient dose.
What are the major Applications, Types, and Regions for the DHA Algae Oil Market?
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
30%-40% Content
40%-50% Content
Others
By Application, it is segmented into
Food and Beverage
Infant Formula
Dietary Supplements
Others
DHA algal oil is being more widely used in the food and green fuel industries.DHA algae oil can be found in a number of nutritional supplements and fortified foods. It allows food and supplement manufacturers to label their products as vegan or allergen-free.The market size for DHA algae oil for infant formula may be driven by rising concerns about a nutritious diet and appropriate eating habits. Growing demand for adequate nutrition and proteins in regular diets, as well as a cost-effective and acceptable source of DHA algal oil in human nutrition, is propelling the global DHA algae oil for the infant formula market forward.
DHA Algae Oil Market Regional Analysis
By 2027, the North American DHA algae oil for infant formula market is expected to grow at a rate of about 3.5 percent. In North America, a significant increase in the female workforce, a lack of information about the benefits of breastfeeding, and a rising notion that infant formula and breast milk provide similar health benefits should all help to drive market expansion. The infant food sector in the United States was valued at more than USD 20 billion in 2019, indicating that the market has plenty of room for expansion.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
What is our DHA Algae Oil Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 11.1% over the forecast period (2022-2027)
Yes, the report can be customized as per your needs
Key Takeaways from this DHA Algae Oil Report
Evaluate DHA Algae Oil market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.
Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.
Get a quick outlook on the DHA Algae Oil market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.
Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.
Frequently Asked Questions
What is the study period of this market?
The DHA Algae Oil Market is studied from 2017 - 2027.
What is the growth rate of the DHA Algae Oil Market?
The DHA Algae Oil Market is growing at a CAGR of 11.1% over the next 5 years.
What regions does this DHA Algae Oil Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of DHA Algae Oil Market?
30%-40% Content, 40%-50% Content, Others
What are the major end-use applications of DHA Algae Oil Market?
Food and Beverage, Infant Formula, Dietary Supplements
All our reports are custom made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
