Algae Oil Market Analysis

Health Benefits associated with Algae Oil Has Led to its Demand Increasing

The demand for healthy products for consumption in the food and beverages industry has led to the algae oil demand to increase. Thus, algae oil is being used as a cooking oil in food products. The low saturated fat content has led to the algae oil being used as a specialty oil. It is not only beneficial for humans but also for animals due to high nutrition. Thus, algae oil is being used in animal feed as well for providing nutrition.

Algae oil contains a high amount of DHA and Omega-3 which is normally present in fish oil. But due to a large population turning vegan, algae has proved to be a better alternative to obtain the necessary nutrition. Thus, the algae oil supplements have become very popular especially in developed countries such as North America and Europe, where the consumption of external supplements for additional nutrition is high.

Algae Oil Market: Regional Analysis

The use of algae oil is the highest in North America. This is due to the demand for algae oil mainly being in the dietary supplements and in biofuel production, of which North America is the largest market. However, the demand for the algae oil is expected to increase in South Asia in the biofuel production as well as in the dietary supplements market as well. The use of the algae oil in the personal care and cosmetics industry is expected to increase as well which will increase its demand in Europe and MEA in the upcoming years but the growth rate will not be as high as that in South Asia.

The price of the algae oil is very high due to which the growth of algae oil is being restricted but a lot of research is being carried to manufacture algae oil with low production costs which could reduce its price and increase its demand globally.

Algae Oil Market: Key Participants

The key players in the global algae oil market are:

• Alltech Inc.
• Seaweed Energy Solutions A/S
• TerraVia Holdings Inc.
• Royal DSM NV
• TerraVia Holdings Inc.
• Cellana LLC
• DIC Corporation
• Diversified Energy Corporation
• Cargill Inc.
• Bioprocess Algae LLC
• BioPlus Life Sciences
• Thrive Algae

The research report presents a comprehensive assessment of the algae oil market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as product type, application, and end use.

The report covers exhaustive analysis on:

• Algae Oil Market Segments
•  Algae Oil Market Dynamics
• Algae Oil Market Size
• Algae Oil Supply and Demand
• Current Trends/Issues/Challenges pertaining to Algae Oil Market
• Competition Landscape and Emerging Market Participants in Algae Oil Market
• Technology related to Production/Processing of Algae Oil
•  Value Chain Analysis of the Algae Oil Market

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
• East Asia (China, Japan, South Korea)
• South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)
• Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.