openPR Logo
Press release

Innovation to Drive Algae Oil Market 2024

Some of the major players identified across the value chain of global algae oil market include Lonza Group Ltd, Cellana, Inc., Royal DSM, Hubei Fuxing Biotechnology, Rishon International Group, Cargill Alking Bioengineering, Runke Biological Engineering Company etc. The companies are emphasizing on research & development and product development in order to gain market share in the competitive market. Manufacturers are launching product friendly products, suitable for powder and beverage applications. For instance, Royal DSM offers algae oil in oil, powders, emulsion and supplement forms suitable for various food and beverage applications.

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 @

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 @

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


This release was published on openPR.

Permanent link to this press release:

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: 450

More Releases from Persistence Market Research

Fast Rectifier Market Sales to Top US$ 2.71 Bn by 2026|Key Players- ON Semicondu …
Fast Rectifier Market 2022 According to the report published by Persistence Market Research (PMR), the global fast rectifier market is projected to exhibit a CAGR of US$ 4.9% from 2018 to 2026. It is expected to touch approximately US$ 2,719 Mn by the end of 2026 rising from a valuation of over US$ 1,792 Mn in 2017". Request for Sample Report of "Fast Rectifier" Market @ Fast Rectifiers, in the era of fast
Automated Border Control Market Projection By Technology, Top Key Players, Deman …
Automated Border Control Market 2022 According to the market forecast by PMR, the recent adoption of automated border control system, which is taking place at a fast pace, is helping its global market to grow at a skyrocketing CAGR of 18.4% during the forecast period 2018-2026. The growth is expected to help the global automated border control market reach at a value of over US$ 2,900 Mn by the end of
Global Micronized Salt Market to Witness Rapid Growth in Demand During 2018 - 20 …
According to a new report published by Persistence Market Research, the global micronized salt market is poised to clock a promising CAGR of 3.6% by the end of 2028. A plethora of factors are expected to contribute to the growing size of the micronized salt market, which is estimated to surpass the valuation of. US$ 3,305.8 Mn through 2028. A large share of revenue for the micronized salt market is
Payment as a Service Market is expanding at a CAGR of 35% by the end of 2031
Payment as a Service Market to Grow by More than 35% CAGR The payment as a service market is projected to grow from US$ 7.5 Bn in 2020 to US$ 22 Bn by 2031, at an expected CAGR of 35.7% during the forecast period 2021-2031. Payment-as-a-Service is referred as PaaS. It is a platform, in which third party companies help enterprises accept electronic payments by different payments method. Get Sample Copy of

All 5 Releases

More Releases for Algae

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.
Algae Market Revenue Analysis By Top Key Players Algaetech International, Aurora …
Algae is a diverse group of organisms ranging from unicellular to multicellular. The complex and largest marine algae are called seaweeds. The algae consist of chloroplast, which is similar to cyanobacteria in structure. Algae has its wide application in agar, alginates, fertilizer, energy source, nutrition, pigments, and bioremediation. Algae has wide range of usage in terms of pollution control. It is used as an alternative for toxic chemicals to treat
Algae Products Market Develop business strategies
MarketResearchReports.Biz adds “Global Algae Products Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Algae Products and the growth estimates for the forecasted period. "Algae products are simple plants that can range from the microscopic (microalgae), to large seaweeds (macroalgae), such as giant kelp more than one hundred feet in length. Algae products can be grown using water resources such
Algae Biofuel – Global Market Outlook (2016-2022)
The report on global Algae Biofuel market portrays comprehensive information and conducts a complete study to provide latest market updates and information about present and forecast market scenario. The changes taking place in Algae Biofuel are elaborated in this report to help readers in making vital business decisions. The Algae Biofuel industry details are provided in the form of graphs, pie-charts to help the emerging and existing market players, buyers,
DHA from Algae Market Report 2017
DHA, Docosahexaenoic acid, with molecular formula C22H32O2, is a primary structural component of the human brain, cerebral cortex, skin, sperm, testicles and retina. DHA can help lowering lipid, lowering blood pressure, anti-inflammatory, enhancing the activity of brain cells, improving eyesight and other effects. DHA is a kind of both Omega-3 essential fatty acids, which is rich in fish oil and microalgae. Download Sample Report @ Scope of the Report: This report focuses
Global Phycocyanin Market 2017- DIC,Japan Algae
Global Phycocyanin Market 2017 Research Report offers a complete and in-depth analysis of the growth rate of the Phycocyanin industry. In the first section, Phycocyanin Market report presents the overview of Phycocyanin industry which includes definitions, classifications, applications and Phycocyanin industry chain structure. Global Phycocyanin Market further includes Phycocyanin development history, competitive analysis of Phycocyanin industry. Top leading Manufacturers Analysis of Phycocyanin:- 1 DIC 2 Japan Algae 3 Parry Nutraceuticals 4 Ozone Naturals 5 EcoFuel Laboratories 6 Nan