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Global Algae Oil Market to be Driven by Growing Demand for Dietary Supplements and Biofuels in the Forecast Period of 2021-2026

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Global Algae Oil Market to be Driven by Growing Demand for Dietary Supplements and Biofuels in the Forecast Period of 2021-2026

February 24
15:46 2021
Global Algae Oil Market to be Driven by Growing Demand for Dietary Supplements and Biofuels in the Forecast Period of 2021-2026

Algae Oil Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026 | ExpertMarketResearch.com
The new report by Expert Market Research titled, ‘Global Algae Oil Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global algae oil market, assessing the market based on its segments like grade types, applications, distribution channels, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

 

Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

 

Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/algae-oil-market/requestsample

 

The key highlights of the report include:

Market Overview (2016-2026): –

  • Forecast CAGR (2021-2026): – 3%
  • Forecast Market Size (2026): – USD 2.25 Billion

Due to its growing dietary need for omega-3 fatty acids, phycocyanin, antioxidants, proteins, and others, consumer demand has increased in the food and beverage and dietary supplement industry. In the dietary supplement industry, the growing popularity of natural products has led to a robust demand for plant-based health supplements and is expected to propel the algae oil demand growth over the next nine years. In the food industry, algae oil can also be used as a specialty oil due to its low saturated and trans-fat content, which makes it a safe option. The growth of the application segments is expected to have a positive impact on the industry, especially in North America and Europe.

 

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/algae-oil-market

 

Industry Definition and Major Segments

Algae oil is rich in the fatty acids, Omega 3 and DHAA (docosahexaenoic acid). It is synthesised directly from algae. To obtain this product, marine algae are harvested, from which the oil is extracted and then processed for use. The DHA found in algae oil accounts for 97 percent of Omega 3. Thus, it is a rich source of DHA and omega 3. It is added to dietary ingredients, vitamins, and drinks.

 

By grade type, the industry is divided into:

  • Food Grade
  • Fuel Grade
  • Feed Grade

 

On the basis of application, the industry is segmented into:

  • Food and Beverage
  • Animal Feed
  • Personal Care
  • Dietary Supplements
  • Pharmaceuticals
  • Biofuel
  • Others

 

Based on distribution channel, the industry is categorised into:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online
  • Others

 

On the basis of region, the industry is divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

Market Trends

The algae oil market growth is expected to be fuelled by the increased awareness of naturally obtained supplements. High nutritional value coupled with different medical advantages, including enhanced memory and eyesight and reduction of cholesterol, would encourage the scope of the product application during the forecast period. Other factors favouring the industry growth are increasing preference for nutritious vegetable sources and growing health awareness. The U.S. accounted for more than 80 percent of the market volume in North America due to the growing need for the biofuel application segment. In the coming years, the creative use of cultivation and harvesting technology to provide quality algae oil according to the requirements of the fuel industry is expected to have a positive effect on the industry. This development is due to the growth of different application industries, including biofuel, food and beverage, dietary supplements, and animal feed. In the coming years, the presence of micronutrients and proteins as the primary ingredients of animal feed derived from algae oil is expected to increase demand.

 

Key Market Players

The major players in the market are Koninklijke DSM N.V., Cellana Inc., Henry Lamotte Oils GmbH, and Alltech Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

 

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

 

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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Company Name: Expert Market Research
Contact Person: Matt Johnson
Email: Send Email
Phone: +1-415-325-5166
Address:30 North Gould Street
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com/

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