𝐀𝐥𝐠𝐚𝐞 𝐎𝐢𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 to Reach US$ 2.40 Billion by 2027 | Industry CAGR of 4.32%

According to IMARC Group's latest report "𝐀𝐥𝐠𝐚𝐞 𝐎𝐢𝐥 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟐-𝟐𝟎𝟐𝟕," the global algae oil market reached a value of US$ 1.86 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.40 Billion by 2027, exhibiting at a CAGR of 4.32% during 2022-2027.

Algae oil refers to an animal-free source of omega-3 fatty acids, which involves eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). It aids in lowering cholesterol, minimizing inflammation, reducing the risk of stroke, promoting vision among individuals with retinitis pigmentosa, etc. As algae oil contains high amounts of minerals and vitamins, it is used, along with other fatty acids, for fortifying baby and infant formulas. It is also utilized as a stabilizing agent in the production of pet food, ice creams, and other food supplements.

𝐍𝐨𝐭𝐞: 𝐖𝐞 𝐚𝐫𝐞 𝐜𝐨𝐧𝐬𝐭𝐚𝐧𝐭𝐥𝐲 𝐭𝐫𝐚𝐜𝐢𝐧𝐠 𝐚𝐧𝐝 𝐚𝐬𝐬𝐞𝐬𝐬𝐢𝐧𝐠 𝐭𝐡𝐞 𝐢𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐩𝐚𝐧𝐝𝐞𝐦𝐢𝐜 𝐨𝐧 𝐭𝐡𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲. 𝐓𝐡𝐞𝐬𝐞 𝐢𝐧𝐟𝐥𝐮𝐞𝐧𝐜𝐞𝐬 𝐡𝐚𝐯𝐞 𝐛𝐞𝐞𝐧 𝐜𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐨𝐮𝐫 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐬 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐦𝐚𝐫𝐤𝐞𝐭 𝐜𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐨𝐫𝐬.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐭𝐨 𝐠𝐞𝐭 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐨𝐯𝐞𝐫𝐯𝐢𝐞𝐰 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/algae-oil-market/requestsample

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

The rising consumer awareness towards the benefits of omega-3 fatty acids, including minimizing the risk of cardiovascular diseases (CVDs) and encouraging low triglyceride levels, is primarily augmenting the algae oil market. Furthermore, the escalating demand for a vegetarian-based diet is positively influencing the global market. Apart from this, numerous leading manufacturers are offering juices, milk, yogurts, cooking oils, nutrition bars, salad dressings, marinades, and other products fortified with algae oil, which is acting as another significant growth-inducing factor. Moreover, the widespread adoption of algae oil in the pharmaceuticals sector to manufacture DHA-based capsules is further catalyzing the global market. Besides this, the growing prevalence of macular degeneration, which is an age-related vision loss disorder, and the expanding geriatric population, are propelling the need for these capsules to relieve intraocular pressure. Additionally, the implementation of stringent regulations by government bodies across various countries to reduce greenhouse gas (GHG) emissions and achieve energy conservation is expected to fuel the algae oil market in the coming years.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐁𝐚𝐬𝐞𝐝 𝐎𝐧 𝐆𝐫𝐚𝐝𝐞:

Fuel Grade
Food Grade
Feed Grade

𝐁𝐚𝐬𝐞𝐝 𝐎𝐧 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥:

Direct Sales
Supermarkets and Hypermarkets
Specialty Stores
Pharmacy
Online

𝐁𝐚𝐬𝐞𝐝 𝐎𝐧 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧:

Biofuel
Food and Beverage
Animal Feed
Others

𝐑𝐞𝐠𝐢𝐨𝐧:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

Algae Floating Systems Inc.
Algae Production Systems
Alltech
Cargill Incorporated
Cellana Inc.
Corbion N.V
Cyanotech Corporation
Koninklijke DSM N.V.
Lonza Group AG
Pond Technologies Inc
Renewable Algal Energy LLC (RAE).

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝟏𝟎% 𝐟𝐫𝐞𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/algae-oil-market

𝐍𝐨𝐭𝐞: We are updating our reports, If you want the report with the latest primary and secondary data (𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

𝐊𝐞𝐲 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:                                                        

𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 (𝟐𝟎𝟏𝟔-𝟐𝟎𝟐𝟏)
𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 (𝟐𝟎𝟐𝟐-𝟐𝟎𝟐𝟕)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

𝐍𝐨𝐭𝐞: 𝐈𝐟 𝐲𝐨𝐮 𝐧𝐞𝐞𝐝 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐭𝐡𝐚𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐰𝐢𝐭𝐡𝐢𝐧 𝐭𝐡𝐞 𝐬𝐜𝐨𝐩𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐰𝐞 𝐰𝐢𝐥𝐥 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐢𝐭 𝐭𝐨 𝐲𝐨𝐮 𝐚𝐬 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧.

𝐌𝐞𝐝𝐢𝐚 𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 30 N Gould St Ste R
City: Sheridan
State: WY
Country: United States
Website: https://www.imarcgroup.com/

𝐑𝐞𝐠𝐢𝐨𝐧:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.