About DHA Algae Oil
Docosahexaenoic acid algae oil is defined as the oil which is obtained from the processing of the dinoflagellate. It mainly includes docosahexaenoic acid and other triglycerides such as palmitic acid, oleic acid, lauric acid, capric acid, among others. It is widely used in food and beverage, infant formula, dietary supplements, among others. Rise in application profiling, highly investing in research and development by various companies such as Koninklijke DSM N.V. (Netherlands), Lonza Group AG (Switzerland), among others are some of the major factors which affect the growth of the docosahexaenoic acid algae oil market in future.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Numerous growth strategies are being adopted by the key players to retain and/or expand their market share. The market appears to be highly fragmented and with the presence of several companies including Koninklijke DSM N.V. (Netherlands), Lonza Group AG (Switzerland), Cellana (United States), among others Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global DHA Algae Oil market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Koninklijke DSM N.V. (Netherlands), Lonza Group AG (Switzerland), Cellana (United States), Biotech Private Limited (India), Roquette (France), Runke Industrial Co., Ltd. (China), Fuxing (China), Hangzhou Yuexiang Textile &. Finishing Co., Ltd. (China), Xiamen Kingdomway Gr (China) and Cabi (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global DHA Algae Oil market by Type (Content: 30%-40%, Content: 40%-50% and Others), Application (Food and Beverage, Infant Formula, Dietary Supplements and Others) and Region.
On the basis of geography, the market of DHA Algae Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the DHA Algae Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Government and Private Initiatives to Support R&D in Algaculture
Market Growth Drivers:
Growing Use in the Food and Beverage Industry across the World, Increasing Preference to Nutritional Vegetable Sources and Rising Consumer Awareness, Due to Health Benefits of DHA Algae Oil
Challenges:
Problem Related to Higher Pricing of Algae Oil and High Processing Cost
Restraints:
Issuer regarding High cost involved in R&D activities and Impact of Climatic Conditions on Algae Production
Opportunities:
Growth in Demand for Natural Ingredients by Consumers as well as Easy Cultivation of Algae and Rising Demand from Emerging Economics such as China, India, Brazil, among others
Market Leaders and their expansionary development strategies
In February 2023, GC Rieber VivoMega has launched a line of VivoMega Algae Oils, which are an ocean-derived, high-concentration vegan omega-3 oil sourced from microalgae.
In October 2023, Dsm-firmenich, the leading innovator in health, nutrition and beauty, announced the upcoming North American launch of life’s OMEGA , the first and only single-source algal omega-3 with the same eicosapentaenoic acid (EPA) to docosahexaenoic acid (DHA) ratio naturally found in standard fish oil, but with twice the potency.
According to the Environmental Protection Agency, it is necessary to maintain and improve a national program to control and mitigate harmful algal bloom and hypoxia events. Hence, it may acts restraint for the market growth.
Key Target Audience
Raw Material Suppliers, Regulatory Bodies, Commercial Research & Development Institutions and Financial Institutions, Traders, Distributors, and Suppliers, Government and Research Organizations and Trade Associations and Industry Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.