Rising demand of DHA in infants’ supplement formula for the development of nervous system, skin, and visual function is driving the market growth. Increasing awareness among the consumers owing to superior benefits associated is further boosting the market growth. Rising demand of algal oil from end-user industries owing to better substitute over traditional fish oil is again up surging the market demand. Moreover, the rise in per capita income, rising living of standard and the shift in consumer preference towards consumption of organic, contamination free food supplements is further pushing the market upward.
The global demand for DHA From Algae Market is presumed to reach the market size of nearly USD 717.86 Million by 2032 from USD 432.19 Million in 2023 with a CAGR of 5.8% under the study period 2024 - 2032.
DHA OIL DOMINATED THE TYPE SEGMENT
By type, DHA oil led the segment by accounting over XX.X% share of the entire market share. Superior properties of algal oil along with active incorporation of oil into gummies, capsules and chewable products are driving the segment demand.
INFANT FORMULA EMERGED AS LEADING APPLICATION SEGMENT
In 2017, infant formula led the application segment and has accounted over XX.X% of the total market share. Use of omega-3 in development of central nervous system, skin and eyes of infants and neonatal babies is driving the segment growth.
PHARMACEUTICAL AND NUTRACEUTICAL DOMINATED THE SEGMENT
In 2017, pharmaceutical and nutraceutical led the segment by accounting highest market share. Owing to rich source of contamination free omega-3, they have huge demand across pharmaceutical and nutraceuticals industry.
SUPERMARKET AND HYPERMARKET LED THE SEGMENT
By distribution network, supermarket and hypermarket dominated the segment owing to rising number of organized retail chains across the globe is driving the segment growth.
ASIA PACIFIC LED THE REGIONAL MARKET
Geographically, Asia Pacific dominated the market in 2017 and has accounted for over XX.X% of the total market share. Growing population, rise in per capita income and a shift in consumer taste towards premium and organic food products is driving the regional market growth.
Key players of the market
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 are the players of the market
The global demand for DHA From Algae Market is presumed to reach the market size of nearly USD 717.86 Million by 2032 from USD 432.19 Million in 2023 with a CAGR of 5.8% under the study period 2024 - 2032.
DHA or docosahexaenoic acid is an omega-3 fatty acid, which is an important component for the functional development of the brain, cerebral cortex, skin, and retina. Algal DHA is the docosahexaenoic acid directly derived from the algal bodies or algae to reduce the risk of ocean-borne contamination. Algal DHA increases high-density cholesterol, cerebral oxygenation, and blood flow and exerts a neuroprotective effect on the nervous system. Apart from this, Algal DHA improves cardiovascular health, memory, visual function, and cognitive health.
Market Dynamics
Rising demand of DHA in infants' formula for the development of nervous system, skin, and visual function is driving the market growth. Rising awareness among the consumer regarding the benefits associated is further boosting the market growth. Also, increasing demand from end-users owing to pure and contamination free DHA is fueling the algal DHA market growth. Moreover, rising disposable income, betterment in living standard coupled with the shift in consumer preference towards consumption of organic supplements is further pushing the market upward.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of DHA from algae.
Market Segmentation
The broad DHA from algae market has been sub-grouped into DHA type, application, end-user and distribution network. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
By Application
- Infant Formula
- Nutritional Supplements
- Food & Beverage
- Others
By Distribution Network
- Convenient Stores
- Hypermarkets Or Supermarket
- E-Commerce
- Individual Stores
By End User
- Consumers
- Food Manufacturers
- Nutraceutical Manufacturers
- Cosmetics Manufacturers
- Pharmaceutical Manufacturers
- Animal Feed Manufacturers
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for DHA from algae in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global DHA From Algae Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the DHA From Algae market include Goerlich Pharma, Nordic Naturals, Inc., Source Omega Llc, Kangcare Bioindustry Co., Ltd., Inovobiologic Inc., Xiamen Huison Biotech Co., Ltd., Deva Nutrition Llc, Wuhan Bioco Sci. & Tech. Dev. Co., Ltd., Hubei Ruiren Biotechnology Co., Ltd, and Polaris. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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