Market Overview:
The global algal oil market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for healthy and nutritious food products, increasing awareness about the benefits of omega-3 fatty acids, and growing demand for biofuels. The global algal oil market is segmented on the basis of type into DHA oil and EPA oil. The DHA oil segment is expected to account for a larger share of the market than the EPA oil segment during the forecast period. This can be attributed to its high nutritional value and its ability to improve cognitive function, vision, heart health, and joint health. On the basis of application,the global algal oil market is divided into food & beverages, dietary supplements & nutraceuticals, pharmaceuticals animal feed ,and others .
Product Definition:
Algal oil is a type of vegetable oil obtained from algae. It is used as a source of fatty acids, including omega-3 fatty acids. Algal oil has several potential advantages over other sources of omega-3 fatty acids, including higher levels of omega-3s and the ability to be produced in a sustainable way.
DHA Oil:
DHA or Docosahexaenoic Acid is an omega-3 fatty acid found in fish and some plants. It helps reduce the risk of heart disease, brain shrinkage, and arthritis. The body cannot make DHA so it must be consumed through food or supplements.
EPA Oil:
EPA oil is a by-product of paper and wood manufacturing industries. It is also known as white petroleum oil or refined lube oil. This type of oil has high viscosity and low flash point which makes it ideal for use in the production of biodiesel, lubricants, plasticizers, surfactants and other chemical products.
Application Insights:
Algal oil is widely used in the food and beverage industry as it provides better taste and texture. The product finds application in bakery products, salad dressings, dairy products, snacks, cereals & granola bars, ice cream/frozen yogurt toppings and others. Rising demand for algal oil-based foods to provide health benefits along with reducing the level of saturated fat will drive its consumption over the forecast period.
The growing importance of nutritional enrichment coupled with a rise in consumer awareness regarding healthier food options is expected to promote its use across various applications including animal feed and pharmaceuticals over the forecast period. Growing R&D investments by major players for developing new applications such as biofuel from algae or extraction of essential oils are expected to boost market growth over the coming years (10% annually).
Regional Analysis:
North America dominated the global market in terms of revenue with a share of over 40.0% in 2017. This is attributed to the presence of key companies such as Omega Protein Corporation, Cargill Inc., and Redwood City Bio-tech, which are engaged in R&D activities for producing algae oil products. Moreover, these companies focus on commercializing their products through various distribution channels such as online retailing and direct sales to consumers at home or places of business.
Growth Factors:
- Increasing demand for sustainable and environment-friendly fuels
- Government initiatives and subsidies for the development of algal oil industry
- Rising awareness about the benefits of algal oil over other conventional oils
- Growing research and development activities in the field of algal oil technology
- Technological advancements in extraction and processing of algae
Scope Of The Report
Report Attributes
Report Details
Report Title
Algal Oil Market Research Report
By Type
DHA Oil, EPA Oil
By Application
Food & Beverages, Dietary Supplements & Nutraceutical, Pharmaceutical, Animal Feed, Others
By Companies
DSM, Roquette, 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
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Algal Oil Market Report Segments:
The global Algal Oil market is segmented on the basis of:
Types
DHA Oil, EPA Oil
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
Food & Beverages, Dietary Supplements & Nutraceutical, Pharmaceutical, Animal Feed, 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
- Roquette
- Veramaris (EVONIK)
- ADM
- Corbion
- Kingdomway
- Cellana
- JC Biotech
- AlgiSys
- Fuxing
- CABIO
- FEMICO
- Huison
- Qingdao Keyuan
- Shandong Yuexiang
Highlights of The Algal 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:
- DHA Oil
- EPA Oil
- By Application:
- Food & Beverages
- Dietary Supplements & Nutraceutical
- Pharmaceutical
- Animal Feed
- 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 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 oil is a type of vegetable oil derived from algae. Algal oils are high in unsaturated fatty acids and have a low smoke point, which means they can't be used in cooking or as fuel. They're most commonly used in cosmetics and skin care products because of their natural moisturizing properties.
Some of the major players in the algal oil market are DSM, Roquette, 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 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 Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Algal 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 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 Oil Market Size & Forecast, 2018-2028
4.5.1 Algal Oil Market Size and Y-o-Y Growth
4.5.2 Algal Oil Market Absolute $ Opportunity
Chapter 5 Global Algal 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 Oil Market Size Forecast by Type
5.2.1 DHA Oil
5.2.2 EPA Oil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Algal 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 Oil Market Size Forecast by Applications
6.2.1 Food & Beverages
6.2.2 Dietary Supplements & Nutraceutical
6.2.3 Pharmaceutical
6.2.4 Animal Feed
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Algal 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 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 Oil Analysis and Forecast
9.1 Introduction
9.2 North America Algal 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 Oil Market Size Forecast by Type
9.6.1 DHA Oil
9.6.2 EPA Oil
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 Oil Market Size Forecast by Applications
9.10.1 Food & Beverages
9.10.2 Dietary Supplements & Nutraceutical
9.10.3 Pharmaceutical
9.10.4 Animal Feed
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 Oil Analysis and Forecast
10.1 Introduction
10.2 Europe Algal 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 Oil Market Size Forecast by Type
10.6.1 DHA Oil
10.6.2 EPA Oil
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 Oil Market Size Forecast by Applications
10.10.1 Food & Beverages
10.10.2 Dietary Supplements & Nutraceutical
10.10.3 Pharmaceutical
10.10.4 Animal Feed
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 Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Algal 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 Oil Market Size Forecast by Type
11.6.1 DHA Oil
11.6.2 EPA Oil
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 Oil Market Size Forecast by Applications
11.10.1 Food & Beverages
11.10.2 Dietary Supplements & Nutraceutical
11.10.3 Pharmaceutical
11.10.4 Animal Feed
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 Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America Algal 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 Oil Market Size Forecast by Type
12.6.1 DHA Oil
12.6.2 EPA Oil
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 Oil Market Size Forecast by Applications
12.10.1 Food & Beverages
12.10.2 Dietary Supplements & Nutraceutical
12.10.3 Pharmaceutical
12.10.4 Animal Feed
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 Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Algal 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 Oil Market Size Forecast by Type
13.6.1 DHA Oil
13.6.2 EPA Oil
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 Oil Market Size Forecast by Applications
13.10.1 Food & Beverages
13.10.2 Dietary Supplements & Nutraceutical
13.10.3 Pharmaceutical
13.10.4 Animal Feed
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 Oil Market: Competitive Dashboard
14.2 Global Algal Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DSM
14.3.2 Roquette
14.3.3 Veramaris (EVONIK)
14.3.4 ADM
14.3.5 Corbion
14.3.6 Kingdomway
14.3.7 Cellana
14.3.8 JC Biotech
14.3.9 AlgiSys
14.3.10 Fuxing
14.3.11 CABIO
14.3.12 FEMICO
14.3.13 Huison
14.3.14 Qingdao Keyuan
14.3.15 Shandong Yuexiang
