Dha Algae Oil Market: Information by Type (DHA algae oil soft capsule, DHA algae oil oral liquid, Others) End-use (Pharmaceuticals, Functional Foods, Pet & Animal Feed, Infant Formulas, Others), and Region (Asia-Pacific, North America, Europe, Latin America, and Others) — Global Forecast till 2026
Algal oil is the oil that is derived directly from algae. This oil contains DHA, which accounts for 97 percent of the omega-3 fats in the brain. Whereas, not enough people get enough of it. Algal oil is a vegetarian DHA oil that does not come from cold-water fish. Since scientists and doctors realized how important omega-3 fatty acids are for people, they began to research other ways to get these essential fatty acids other than using fish.
According to the report, the global Dha Algae Oil market is valued at approximately USD 167 million in 2019 and is expected to generate revenue of around USD 260 million by 2026, growing at a CAGR of roughly 6.51% from 2019 and 2026.
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Key Dynamics
As Dha Algae Oils have mass health benefits such as its low saturated fat content, helps in cholesterol reduction, improves eyesight and memory, these benefits along with the growing health awareness are driving demand for DHA Algae Oil globally. What’s more, the increasing adoption of the oil into the food & beverage industry due to the healthy composition of algae oils is estimated to be the most significant factors to propel the market growth over the forecast period. The increasing preference for nutritional vegetable sources, growing attention of the oils in the energy industry for biofuel production, these factors can further stimulate market growth. Yet, the high-side price of DHA Algae Oil is likely to be a great challenge to impede market expansion.
Segmentation
On the basis of type, Dha Algae Oil Market segmented into
l DHA algae oil oral liquid
On the application, Dha Algae Oil Market segmented into
l Pharmaceuticals
l Functional Foods
l Pet & Animal Feed
l Infant Formulas
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Competitive Landscape
Key players profiled in the global Dha Algae Oil market include Nemans, Lacare, Lacare, Zmarto, Life'sDHA, GNC, BY-HEALTH, Kingkeys, SCRIANEN, YJLbaby, FORCEVAL, Wyeth, Meydunlg, Xiuzheng, Hihchange, BIOSTIME, Kingdomway, DSM, Lonza, Cellana, and etc.
Regional Spotlights
Geographically, the global DHA Algae Oil market can be split into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. While Asia-Pacific is both the largest consumption and production region for DHA Algae Oils in the base year, which is valued at approximately USD 54 million and accounts for almost 34.36% of the total value in 2019. Europe and Asia-Pacific ranked behind it with a proportion of 33.47% and 29.15% respectively. Furthermore, the sales value of the regional market also remains a leading level, with a proportion of 34.87% compared with second-ranked Europe and third-ranked North America.
Overall Regions Outlook
l North America (U.S., Canada, Mexico)
l Europe (Germany, France, Italy, Spain, U.K., Nordic Countries, Belgium, Russia, Rest of Europe
l Asia Pacific (China, India, Australia, Japan, South Korea, Australia and New Zealand, Rest of Asia Pacific)
l Latin America, Middle East & Africa (Brazil, Nigeria, Argentina, South Africa, GCC Countries.
l Others
In-depth Dha Algae Oil Market Report: Intended Audience
l Dha Algae Oil manufacturers
l Raw material suppliers of Dha Algae Oil
l Downstream vendors and end-users
l Traders, distributors, and resellers of Dha Algae Oil
l FMCG, Health care industry associations and research organizations
l Product managers, Dha Algae Oil industry administrator, C-level executives of the industries
l Market Research and consulting firms
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Dha Algae Oil Market
2 Market Trends and Competitive Landscape
3 Segmentation of Dha Algae Oil Market by Types
4 Segmentation of Dha Algae Oil Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Dha Algae Oil Market in Major Countries
7 North America Dha Algae Oil Landscape Analysis
8 Europe Dha Algae Oil Landscape Analysis
9 Asia Pacific Dha Algae Oil Landscape Analysis
10 Latin America, Middle East & Africa Dha Algae Oil Landscape Analysis
11 Major Players Profile
11.1 Nemans
11.1.1 Nemans Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Lacare
11.3 Zmarto
11.4 Life'sDHA
11.5 GNC
11.6 BY-HEALTH
11.7 Kingkeys
11.8 SCRIANEN
11.9 YJLbaby
11.10 FORCEVAL
11.11 Wyeth
11.12 Meydunlg
11.13 Xiuzheng
11.14 Hihchange
11.15 BIOSTIME
…
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Years considered for the study
l Base Year: 2018
l Estimated Year: 2019
l Forecast Period: 2019 to 2026
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