Algae DHA Market Size is Estimated to Reach USD 791 Million by 2030

Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled "Algae DHA Market (Type: DHA Powder, DHA Oil; Application: Infant Formula, Nutritional Supplements, Food & Beverage, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2022 - 2030", estimates that global algae DHA market is expected to reach the market value of around USD 791 Million by 2030 and is expected to grow at a CAGR of over 7% in terms of revenue during the period 2022 - 2030.

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Owing to the health benefits related with the consumption of DHA and DHA based infant formula products; it is expected to witness increased adoption among consumers. In addition, rising demand for Omega-3 from pharmaceutical companies and awareness among pet owners for their nutrition are the main factors driving the growth of algae DHA market, globally. On the other hand, increasing production cost and stringent regulations imposed by governments of various countries are few factors restraining the growth of this market.

Development of Baby Brain By DHA

Complications and health problems occurring at the time of pregnancy may affect the development of new born baby. Increasing awareness towards baby nutrition to overcome such problems is expected to support the growth of algae DHA market over the coming years. New born baby totally depends on its mother for the supply of essential nutrients and placenta selectively takes up DHA to ensure the growth of baby. DHA provides 70% of energy supply during fetal development which helps in development of brain. Lipids make up structure of brain upto 50% to 60% while DHA make up around 30% of brain and 50% of retina's structure. Recently working mothers face problems for breast feeding due to their busy schedule and as a result are shifting towards the use of infant formula products for their babies. As mothers intend to offer quality infant products to their babies, they are looking for food products that are specifically designed to meet their nutrient needs, including DHA.

North America Held A Principal Share in 2017

Population in North America is more intolerant to environmental degradation which is resulting in the growing instances of cardiovascular diseases. DHA is proving highly beneficial in decreasing cardiovascular diseases and cardiac mortality rate and different risk factors independent of blood cholesterol. In North America, approximately 50% of mortality rate is attributed by cardiovascular diseases. Compared to Japan, the death rate from coronary heart disease is higher in North America. Many of the cardiovascular risk parameters in North America are favorably affected by DHA and EPA. Furthermore, the most sustainable product is alga-based supplements of omega-3 oil in North America, as consumers are more concerned about their need for omega-3 in diet. In North America the largest market share is held by United States, followed by Canada and Mexico.

Role of Algae DHA In Pharmaceutical Development

Natural products derived from algae have been widely used since many years for food and medical treatment. It has economic importance due to presence of a number of chemicals and products derived from algae and are broadly used as it is a good source of antioxidants, steroids, halogenated compounds, fiber, proteins, minerals, pigments, lectins, polyunsaturated fatty acids and other lipids. Algae have the potential to be beneficial to mankind particularly in the application of cyanobacteria for antibiotics and pharmacologically active compounds. There are many products such as nutritional supplements (Omega-3 capsules) which are being derived from algae which include antimicrobials, therapeutic proteins, antifungals, drugs, antivirals and many more. Therefore, the use of algae in pharmaceutical sector for medical treatment is spurring the market growth.

Insights on Market Segments

Global algae DHA market is segmented by type, application and geography. Based on different types, the market is segmented into DHA Powder, DHA Oil. Also, application is further bifurcated into infant formula, nutritional supplements, food & beverage, and others. Based on geography, the market is further classified into North America, Europe, China, Japan, Southeast Asia, India, and Others.

Versatility of Algae is Nourishing a Growing Population

Algae constitutes abundant source of vital nutrients and is, now a days, feeding an increasing population in sustainable manner. It is versatile due to its flexibility as a functional food, beverage ingredient, food additive, and a supplement ingredient. Furthermore, there are certain varieties of algae which have been consumed as whole food mainly in Asian countries, such as Japan, which processes variety of algae into snacks, garnishes and dishes. Also some European countries such as Norway, France, and Ireland have a custom of eating algae. In United States, however, consumption of algae has generally stayed far but is changing and algae plant is being recognized for its versatility and as super food. The increasing health awareness among the people is further boosting the market for algae DHA.

Some of the key players operating in global Algae DHA market, profiled in the report include Goerlich Pharma GmbH, Source Omega LLC, Nordic Naturals, Deva Nutrition LLC - Vegan Vitamins, ECPlaza Network Inc., Hubei Ruiren Biotechnology Co., Ltd, Polaris EN, Novotech Nutraceuticals, Inc., Qualitas-Health, and Corbion Biotech, Inc., and DSM Nutritional Products among others.

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Table of Content

Chapter 1. Algae DHA Market Overview
Chapter 2. Global Algae DHA Market Competition by Manufacturers
Chapter 3. Global Algae DHA Production by Regions (2013-2018)
Chapter 4. Global Algae DHA Consumption(K MT)by Regions (2013-2018)
Chapter 5. Global Algae DHA Production, Revenue, Price Trend by Types
Chapter 6. Global Algae DHA Market Analysis by Applications
Chapter 7. Global Algae DHA Manufacturers Profiles/Analysis
Chapter 8. Algae DHA Manufacturing Cost Analysis
Chapter 9. Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10. Marketing Strategy Analysis, Distributors/Traders
Chapter 11. Market Effect Factors Analysis
Chapter 12. Global Algae DHA Market Forecast (2018-2025)
Chapter 13. Research Findings and Conclusion
Chapter 14. Methodology and Data Source

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