Press release
Innovation to Drive Algae Oil Market 2024
Algae oil is derived from marine algae and is a major source of omega-3 fatty acids. Marine algae is harvested and its oils are extracted and refined. Mostly Algae generally grow using photosynthesis while some algae grow in the dark using sugar starch. Algae oil is one of the most important segments within the omega-3 polyunsaturated fatty acid (PUFA) ingredients market. It consists of a range of components such as proteins, carbohydrates, fats, and nucleic acids in different proportions. Algae oil is a substitute source for omega-3 PUFAs, whereas the traditional source for omega-3 PUFAs is fish oil. Algae oil is more expensive as compared to fish oil which is a major factor restraining the growth of the market. Hence various algae oil manufacturers are expected to reduce the prices of algae oil products during the forecast period.
The algae oil market can segmented on the basis of grade and application of algae oil. On the basis of production type, the market is segmented into food grade, feed grade, and type III algae oil. Similarly on the basis of application, the global algae oil market is divided into infant formula, dietary supplements, food and beverage fortification, and animal feed. Dietary supplements segments holds maximum market share in market and expected to remain dominant over the forecast period.
Request to view table of content @ http://www.persistencemarketresearch.com/toc/12478
Geographically, the algae oil market can be divided into major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific, Middle East and Africa. North America is expected to be the largest regional market for the Algae Oil market. North America is closely followed by the Asia-Pacific algae oil market. U.S. and China are expected to dominate the global algae oil market in terms of revenue share and consumption. The developing economies are expected to depict increasing demand for algae oil with the rise in consumer awareness and health consciousness.
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/12478
The global algae oil market is expected to be driven by factors such as rising health awareness among people in both developed as well as developing economies. Another factor driving the algae oil market is rising algae research industries developed in the North American and European regions. Gradual lowering of consumer prices of algae oil is also expected to fuel the growth of the market across the globe. Algae oil is gaining market potential as it is considered as vegetarian source for omega 3- fatty acids and DHA. Increasing focus on child brain development, manufacture are focused on product launch for specific category.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Innovation to Drive Algae Oil Market 2024 here
News-ID: 486545 • Views: …
More Releases from Persistence Market Research
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
More Releases for Algae
Algae AI Scout - Portable Algae Classification Analyzer
Image: https://ecdn6.globalso.com/upload/p/1459/image_other/2025-08/algae-ai-scout-1.jpg
Algal blooms pose a serious threat to aquatic ecosystems and public health, necessitating efficient monitoring methods. However, traditional optical microscopy methods face two major technical bottlenecks: first, inefficient manual sorting, which makes it difficult to rapidly process large quantities of samples in the field; and second, reliance on laboratory analysis, which prevents in-situ real-time monitoring and results in delayed early warning of sudden algal blooms.
Portable algae analyzer
Image: https://ecdn6.globalso.com/upload/p/1459/image_other/2025-08/algae-ai-scout-2.jpg
The Portable…
Algae, How It Spreads, and Algae Removal With Simple Softwash
Biloxi, MS - When most people think of algae, they think of bodies of water. For example, algae is abundant in oceans, rivers, creeks, and other similar geographic structures. However, algae does not need to be submerged in water to grow. In fact, it has a tendency to grow on the exterior surfaces of properties, too. When this happens, it can quickly leave homeowners and business owners frustrated, wondering what…
Algae Protein Market 2023 Strategic Assessment - DIC, Japan Algae, Parry Nutrace …
(United States) - Global Algae Protein Market research gives data of drive consolidations and securing procedures to grow market share and size for forecast period of 2023-2029. It further allows the industry leaders to penetrate deep into the marketing evaluation with the highest profitability. The research examines parent market trends, macroeconomic data, and controlling factors in depth, as well as Algae Protein market attractiveness by segment. The qualitative influence of…
Algae Products Market by Type (Spirulina, Chlorella, Astaxanthin, Beta Carotene, …
Algae Products Market
The global Algae products market was valued at USD 2,276.0 Million in 2020, and is projected to reach USD 4286.8 Million by 2031, growing at a CAGR of 4.88% from 2022 to 2031.
Full Report: https://reports.valuates.com/market-reports/ALLI-Auto-4F298/algae-products
Algae Products Market Trends
Due to increase in demand for natural products and proactive efforts by market players to formulate algae-based consumable products to meet quality, texture, and nutritional demands of consumers. Earlier, algae was…
2022 Biotechnology Algae Cultivation (Micro Algae) Market | Detailed Report
The research reports on “Biotechnology Algae Cultivation (Micro Algae) Market” report gives detailed overview of factors that affect global business scope. Biotechnology Algae Cultivation (Micro Algae) Market report shows the latest market insights with upcoming trends and breakdowns of products and services. This report provides statistics on the market situation, size, regions and growth factors. An exclusive data offered in this report is collected by research and industry experts team.
Download…
Algae Market - Algae as living biocatalysts for a green industry
Algae are photosynthetic eukaryotic organisms that grow in aquatic climates and use light and carbon dioxide (CO2) in order to create biomass. The market demand is continuously growing for macro algae and micro algae food, owing to the functional benefits beyond the traditional considerations of health and nutrition. Furthermore, algae has the ability to offer higher oil yield as compared to biofuel feedstock containing sorghum, corn Stover, beet, and corn.…
