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Algae Oil Market: Growth, Future Prospects & Competitive Analysis, 2016 – 2023

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Published: | Report ID: 1288 | Report Format : PDF


Algal oil is extracted directly from algae and is a major source of omega-3 fatty acids. The majority of algae grow through photosynthesis, while some grow in the dark using 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’s growth.

The global algae oil market is growing at a rapid pace and is expected to observe robust growth over the next seven years until 2023. The rising potential of algae oil due to its potential as a vegetarian source of omega-3 fatty acids and DHA is expected to impel the growth of the algae oil market over the forecast period.

At present, the North American region captured the maximum share in the revenue of the algae oil market and is anticipated to dominate over the forecast period. Rising awareness related to the benefits of consuming algae oil, along with increasing demand by various companies in the food and beverage and dietary supplement segments, is projected to boost the demand for algae oil in the Asia Pacific region over the coming few years and will expand the growth of the market during the forecast period.

The global market for algae oil is mainly concentrated in North America. Major players are adopting different market strategies to enter and enhance their market position and distribution network.

The global algae oil market is segmented on the following basis:

By Production Type

  • Feed Grade
  • Food Grade
  • Others

By Application

  • Animal Feed
  • Infant Formula
  • Dietary Supplements
  • food and beverage
  • Others

By Geography

North America

  • U.S.
  • Canada


  • U.K.
  • France
  • Germany
  • Italy
  • Russia
  • Rest of Europe

Asia Pacific

  • Japan
  • China
  • India
  • Australasia
  • Rest of APAC
  • Rest of the World

Latin America

  • Brazil
  • rest of Latin America

Middle-East& Africa

  • Africa

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, and others

This report offers the following:

  • An overview of the global algae oil market
  • Market trends assessment for the period 2016-2023, with historical information for 2013 and 2014 and projections through 2023, with respective CAGRs during 2016-2023 and 2015 as the base year
  • Qualitative assessment tools such as market drivers, challenges, and future prospects, and competitive analysis: market positioning of key market players
  • Focus on each level of market segmentation based on product approvals, launches, and current and anticipated market dynamics.
  • A general overview of the industry structure
  • Company profiles highlighting key information about the major players operating in the global algae oil market,
  • This report includes an estimation of market sizes for value. Both top-down and bottom-up approaches have been used to estimate and validate the size of the algae oil market.

 Frequently Asked Questions:

What is the size of Algae Oil Market?

The market for Algae Oil is expected to reach XX Mn in 2023.

What is the Algae Oil Market CAGR?

The Algae Oil is expected to see significant CAGR growth over the coming years, at XX%.

What is the Forecast period considered for Algae Oil Market?

The report is forecasted to 2016-2023.

What is the base year considered for Algae Oil Market?

The base year of this report is 2015.

Who are the major players in this market?

Royal DSM, Lonza Group Ltd., Cargill Alking Bioengineering, Runke Biological Company, Cellana Inc., Rishon International Group, Hubei Fuxing Biotechnology, and others are among some of the major key players.

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