The global DHA algae oil market is estimated to grow at a CAGR of 10.5% during the forecast period. DHA and Omega 3 fatty acids are abundant in algae oil (docosahexaenoic acid). It is made from algae and also known as algal oil. This product is made from harvested marine algae, which is removed and purified before being used. DHA, which is found in algal oil, is responsible for 97% of Omega 3 in the human brain, retina, and cerebral cortex. It is a high-quality vegetable source of DHA and Omega 3, with numerous health benefits. It is also found in foods, vitamins, and drinks. Several factors positively influence the global algae oil market, which includes the rising use of algal oil in the food and beverage industry, as well as the health benefits associated with its healthy composition, which includes high phycocyanin, proteins, and antioxidants in addition to DHA and Omega 3.
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Owing to its low saturated fat level, algae oil is often utilized as a specialty oil. Algae oil has several nutritional and physiological benefits, including lowering cholesterol and improving eyesight and cognition. Another factor boosting the global algae oil market is rising health awareness and a growing desire for nourishing vegetable sources. Algae oil is also employed in the energy industry, where it is used to make biofuel. Biofuel is widely used owing to its low carbon footprint, and as a result, consumption of algae oil is expanding significantly, contributing to the growth of the global algal oil market.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Koninklijke DSM NV, Cellana, Inc., and Far East Microalgae Industries, Co., Ltd. (FEMICO), among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global DHA Algae Oil Market Report by Segment
By Type
- 30%-40% Content
- 40%-50% Content
- Others
By Application
- Food and Beverage
- Infant Formula
- Dietary Supplements
- Others
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