Algae oil market expected to Grow at 4.2% by 2031, Algae oil is extracted directly from algae and is a major source of omega 3 fatty acids. Majorly algae grow utilizing photosynthesis while some algae grow in dark utilizing sugar starch. Algae oil is one of the essential segments within omega-3 polyunsaturated fatty acid ingredients. It is highly expensive as compared to fish oil which is a significant factor restricting the market growth.
The global algae oil market is growing at a rapid pace and is expected to observe robust growth over the next seven years till 2031. Rising potential of algae oil due to its potential as vegetarian source for omega 3 fatty acids and DHA is expected to impel the growth of algae oil market over the forecast period.
At present, North America region captured the maximum share in revenue of algae oil market and is anticipated to dominate over the forecast period. Rising awareness related to benefits of consuming algae oil along with increasing demand by various companies in food and beverage and dietary supplement segment is projected to boost the demand for algae oil in Asia Pacific region over the coming few years and will expand the growth of the market during the forecast period.
The global algae oil market is mainly concentrated in North America. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
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The global algae oil market is growing at a rapid pace and is expected to observe robust growth over the next seven years till 2031. Rising potential of algae oil due to its potential as vegetarian source for omega 3 fatty acids and DHA is expected to impel the growth of algae oil market over the forecast period.
At present, North America region captured the maximum share in revenue of algae oil market and is anticipated to dominate over the forecast period. Rising awareness related to benefits of consuming algae oil along with increasing demand by various companies in food and beverage and dietary supplement segment is projected to boost the demand for algae oil in Asia Pacific region over the coming few years and will expand the growth of the market during the forecast period.
The global algae oil market is mainly concentrated in North America. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
Key Players Identified across the Value Chain in the Algae Oil Market include but are not limited to:
Royal DSM, Lonza Group Ltd., Cargill Alking Bioengineering, Runke Biological Company, Cellana Inc., Rishon International Group, Hubei Fuxing Biotechnology, Algae Floating Systems, Inc., Seaweed Energy Solutions, Algix LLC, Cyanotech, Pond Technologies Inc. And Other Notable Players.Historical & Forecast Period
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation ofAlgae Oil market are as follows:- Research and development budgets of manufacturers and government spendin.
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Algae Oil market and their expected impact during the forecast period.
Market Segmentation
Production- Feed Grade
- Food Grade
- Others
- Animal Feed
- Infant Formula
- Dietary Supplements
- Food and Beverage
- Others
- Direct Sales
- Hyper/SuperMarket
- Specialty Stores
- Online
- Other retail formats
Region Segment (2021 - 2031; US$ Million)
- North America
- U.S.
- Canada
- Rest of North America
- UK and European Union
- UK
- Germany
- Spain
- Italy
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC
- Africa
- Rest of Middle East and Africa
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Algae Oil market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2031.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Algae Oil market?
- Which is the largest regional market for Algae Oil market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Algae Oil market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Algae Oil market worldwide?
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Table of Contents
1. Preface
2. Executive Summary
3. Algae Oil Market: Competitive Analysis
4. Algae Oil Market: Macro Analysis & Market Dynamics
5. Algae Oil Market: By Production, 2021-2031, USD (Million)
6. Algae Oil Market: By Application, 2021-2031, USD (Million)
7. Algae Oil Market: By Sales Channel, 2021-2031, USD (Million)
8. North America Algae Oil Market, 2021-2031, USD (Million)
9. UK and European Union Algae Oil Market, 2021-2031, USD (Million)
10. Asia Pacific Algae Oil Market, 2021-2031, USD (Million)
11. Latin America Algae Oil Market, 2021-2031, USD (Million)
12. Middle East and Africa Algae Oil Market, 2021-2031, USD (Million)
13. Company Profile
List of Figures
List of Tables
Companies Mentioned
- Royal DSM
- Lonza Group Ltd.
- Cargill Alking Bioengineering
- Runke Biological Company
- Cellana Inc.
- Rishon International Group
- Hubei Fuxing Biotechnology
- Algae Floating Systems, Inc.
- Seaweed Energy Solutions
- Algix LLC
- Cyanotech
- Pond Tech