Market Overview:
The global algal DHA oil market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for omega-3 fatty acids from various applications such as nutritional supplements, food & beverage, feed, pharmaceuticals and others. In addition, the growing awareness about the health benefits of omega-3 fatty acids is also contributing to the growth of this market. Based on type, the global algal DHA oil market can be segmented into triglyceride type, ester type and ethyl ester type. Triglyceride type is expected to account for a major share of this market in 2018. This segment is projected to grow at a CAGR of XX% during the forecast period from 2018 to 2030.
Product Definition:
Algal DHA oil is a vegetarian source of the omega-3 fatty acid docosahexaenoic acid (DHA). It is important for brain development and function, and has been shown to improve cognitive function in infants and young children.
Triglyceride Type:
Triglyceride is a form of fat that is produced in the body and found in animal fats and vegetable oils. Triglycerides are used as an ingredient for manufacturing various products such as soaps, cosmetics, lubricants, greases & plasticizers among others. The global market for triglyceride type is expected to witness significant growth over the forecast period owing to increasing demand from various end-use industries including personal care & pharmaceuticals among others.
Ester Type:
Ester type is a chemical compound derived from fatty acids and found in animal fat, vegetable oils, and algae. Esters are formed by adding an acid group (C2-C4) to a saturated fatty acid. They have the ability to remain solid at room temperature but tend to liquefy when heated; they also retain some of the properties of original oil from which they were derived such as taste & odor.
Application Insights:
The nutritional supplement segment dominated the global market in 2017. The product is gaining popularity as a functional food and nutraceutical owing to its health benefits. These include reducing the risk of heart diseases, hypertension, diabetes mellitus type 2 and improving vision & cognitive functions among others. Rising awareness regarding these advantages is expected to fuel demand over the forecast period.
The food & beverage sector was one of the prominent sectors that incorporated algal DHA oil in their products in 2017 due to rising consumer preference for healthy foods with natural ingredients derived from plants or animals without side effects on human health as compared to synthetic supplements or derivatives made from petroleum-based materials such as linolenic acid (LA).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of over 6% during the forecast period. Increasing awareness regarding health benefits of DHA and EPA, growing consumer preference for natural products, and high demand from end-use industries are some key factors driving the regional market growth.
The Asia Pacific is anticipated to be one of the fastest-growing regional markets due to increasing consumption in countries such as China, India, Japan, South Korea & Australia coupled with rising disposable income among consumers in these countries. In addition, favorable government regulations aimed at promoting production output are also expected to drive product demand over the forecast period.
Growth Factors:
- Increasing demand for omega-3 fatty acids from the food and dietary supplements industries is expected to drive the algal DHA oil market growth.
- Rising awareness about the health benefits of consuming omega-3 fatty acids is also anticipated to fuel market growth over the forecast period.
- Growing demand for healthy and functional foods is projected to boost algal DHA oil demand in the near future.
- The increasing use of algae as a source of biofuel is also expected to propel market growth in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Algal DHA Oil Market Research Report
By Type
Triglyceride Type, Ester Type, Ethyl Ester Type
By Application
Nutritional Supplement, Food & Beverage, Feed, Pharmaceutical, Others
By Companies
DSM, Veramaris (EVONIK), ADM, Corbion, Kingdomway, Cellana, JC Biotech, AlgiSys, Fuxing, CABIO, FEMICO, Huison, Qingdao Keyuan, Shandong Yuexiang
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Algal DHA Oil Market Report Segments:
The global Algal DHA Oil market is segmented on the basis of:
Types
Triglyceride Type, Ester Type, Ethyl Ester Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Nutritional Supplement, Food & Beverage, Feed, Pharmaceutical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DSM
- Veramaris (EVONIK)
- ADM
- Corbion
- Kingdomway
- Cellana
- JC Biotech
- AlgiSys
- Fuxing
- CABIO
- FEMICO
- Huison
- Qingdao Keyuan
- Shandong Yuexiang
Highlights of The Algal DHA Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Triglyceride Type
- Ester Type
- Ethyl Ester Type
- By Application:
- Nutritional Supplement
- Food & Beverage
- Feed
- Pharmaceutical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Algal DHA Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Algal DHA oil is a type of omega-3 fatty acid that comes from algae. It is a plant-based source of the nutrient, which can help support heart health and cognitive function.
Some of the major companies in the algal dha oil market are DSM, Veramaris (EVONIK), ADM, Corbion, Kingdomway, Cellana, JC Biotech, AlgiSys, Fuxing, CABIO, FEMICO, Huison, Qingdao Keyuan, Shandong Yuexiang.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Algal DHA Oil Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Algal DHA Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Algal DHA Oil Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Algal DHA Oil Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Algal DHA Oil Market Size & Forecast, 2018-2028
4.5.1 Algal DHA Oil Market Size and Y-o-Y Growth
4.5.2 Algal DHA Oil Market Absolute $ Opportunity
Chapter 5 Global Algal DHA Oil Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Algal DHA Oil Market Size Forecast by Type
5.2.1 Triglyceride Type
5.2.2 Ester Type
5.2.3 Ethyl Ester Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Algal DHA Oil Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Algal DHA Oil Market Size Forecast by Applications
6.2.1 Nutritional Supplement
6.2.2 Food & Beverage
6.2.3 Feed
6.2.4 Pharmaceutical
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Algal DHA Oil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Algal DHA Oil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Algal DHA Oil Analysis and Forecast
9.1 Introduction
9.2 North America Algal DHA Oil Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Algal DHA Oil Market Size Forecast by Type
9.6.1 Triglyceride Type
9.6.2 Ester Type
9.6.3 Ethyl Ester Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Algal DHA Oil Market Size Forecast by Applications
9.10.1 Nutritional Supplement
9.10.2 Food & Beverage
9.10.3 Feed
9.10.4 Pharmaceutical
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Algal DHA Oil Analysis and Forecast
10.1 Introduction
10.2 Europe Algal DHA Oil Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Algal DHA Oil Market Size Forecast by Type
10.6.1 Triglyceride Type
10.6.2 Ester Type
10.6.3 Ethyl Ester Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Algal DHA Oil Market Size Forecast by Applications
10.10.1 Nutritional Supplement
10.10.2 Food & Beverage
10.10.3 Feed
10.10.4 Pharmaceutical
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Algal DHA Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Algal DHA Oil Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Algal DHA Oil Market Size Forecast by Type
11.6.1 Triglyceride Type
11.6.2 Ester Type
11.6.3 Ethyl Ester Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Algal DHA Oil Market Size Forecast by Applications
11.10.1 Nutritional Supplement
11.10.2 Food & Beverage
11.10.3 Feed
11.10.4 Pharmaceutical
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Algal DHA Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America Algal DHA Oil Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Algal DHA Oil Market Size Forecast by Type
12.6.1 Triglyceride Type
12.6.2 Ester Type
12.6.3 Ethyl Ester Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Algal DHA Oil Market Size Forecast by Applications
12.10.1 Nutritional Supplement
12.10.2 Food & Beverage
12.10.3 Feed
12.10.4 Pharmaceutical
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Algal DHA Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Algal DHA Oil Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Algal DHA Oil Market Size Forecast by Type
13.6.1 Triglyceride Type
13.6.2 Ester Type
13.6.3 Ethyl Ester Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Algal DHA Oil Market Size Forecast by Applications
13.10.1 Nutritional Supplement
13.10.2 Food & Beverage
13.10.3 Feed
13.10.4 Pharmaceutical
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Algal DHA Oil Market: Competitive Dashboard
14.2 Global Algal DHA Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DSM
14.3.2 Veramaris (EVONIK)
14.3.3 ADM
14.3.4 Corbion
14.3.5 Kingdomway
14.3.6 Cellana
14.3.7 JC Biotech
14.3.8 AlgiSys
14.3.9 Fuxing
14.3.10 CABIO
14.3.11 FEMICO
14.3.12 Huison
14.3.13 Qingdao Keyuan
14.3.14 Shandong Yuexiang
