Global DHA From Algae Market To Reach USD 430.9 MN By 2026
Posted On July 27, 2020
The recent report on the Global DHA from Algae Market published by the popular market research company, Value Market Research states that the global DHA from algae market value was close to USD 316.7 MN in 2019 and is estimated to reach USD 430.9 MN by 2026 with a CAGR of 4.50% within the forecasted period from 2019 to 2026. The rise in demand for DHA in infants’ formula and the rise in awareness regarding the benefits are factors boosting the growth of the DHA from algae market globally. The increase in the requirement for pure and contamination free DHA, rise in the per capita income, requirement to substitute traditional fish oil, upgradation in the living standards and the preference for organic supplements are other reasons driving the growth of the DHA from algae market globally.
DHA which is also known as docosahexaenoic acid is an omega-3 fatty acid. The molecular formula is C22H32O2. It is an important component which aids the functional development of the brain, cerebral cortex, skin and retina. Algae is one of the simplest and abundant forms of plant life, ranging from single cell microalgae to largest seaweeds. Algal DHA is directly derived from algal bodies or algae in order to reduce the risk of ocean borne contamination. DHA from algae is responsible for increasing high-density cholesterol, boosting energy levels, cerebral oxygenation, blood flow and exerting a neuroprotective effect on the nervous system besides improving cardiovascular health, memory, visual health and cognitive health.
The report “Global DHA From Algae Market Report By DHA Type (DHA Powder And DHA Oil), Application (Infant Formula, Nutritional Supplements, Food And Beverage And Others), By End-User (Food Manufacturer, Pharmaceutical, Nutraceutical Manufacturer, Cosmetics Manufacturer, Animal Feed Manufacturers And Consumers), By Distribution Network (Convenient Stores, Hypermarket or Supermarket and E-Commerce) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026” covers the market and the market flow with the potential growth opportunities, market trends, market size, market shares and key players for the forecasted period from 2019 to 2026.
By DHA type, global DHA from algae market is classified into DHA powder and DHA oil where DHA oil has dominated this classification owing to the superior properties of algal oil and the usage of DHA oil in gummies, capsules and chewable products. By application, infant formula, nutritional supplements and food & beverage are the segments of the global DHA from algae market as per the report. Infant formula has emerged as the leading segment of the segmentation by application owing to the use of omega-3 in the development of the central nervous system, skin and eyes of infants and neonatal babies. Food manufacturer, pharmaceutical, nutraceutical manufacturer, cosmetics manufacturer, animal feed manufacturers and consumers are the classifications of the global DHA from algae market by end-user type. Owing to the rich source of contamination free omega-3 the pharmaceutical and nutraceutical segments have been observed to be the leading segments by end-user type as per the report. By distribution network, convenient stores, hypermarket & supermarket and e-commerce are the segments of the global DHA from algae market. The rise in the number of organized retail chains has led to supermarket and hypermarkets emerging as the leading segment by distribution network.
North America, Europe, Asia-Pacific, Latin America and Middle East & Africa are the geographical segments of the global DHA from algae market. Asia-Pacific dominated the DHA from algae market globally owing to the growing population, rise in per capita income and due to the shift in consumer taste towards premium and organic food products.
The Report Segments Global DHA From Algae Market –
By DHA Type
Food And Beverage
By Distribution Network
Middle East & Africa
Players Profiled In the Report:
Deva Nutrition LLC, Goerlich Pharma, Hubei Ruiren Biotechnology co., Ltd., InovoBiologic Inc., Kangcare Bioindustry Co., Ltd., Nordic Naturals, Inc., Polaris, Source Omega LLC, Wuhan Bioco Sci. & Tech. Dev. Co.Ltd. and Xiamen
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