This Microalgae Dha market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Microalgae Dha market.
Algae oil is rich in omega-3 PUFAs (polyunsaturated fatty acids), particularly DHA (docosahexaenoic acid). DHA is an essential component of the brain and crucial fatty acid among the omega-3 PUFAs. DHA plays an important role in the development of brain in infants, which became more popular following research findings that many formula-fed infants have lower levels of DHA and ARA (arachadonic acid) as compared to breast-fed infants. The global microalgae DHA market is expected to register significant CAGR, attributed to health consciousness of consumers, advantages of microalgae DHA over fish oil DHA, and high demand for infant formulae over the forecast period.
Global Microalgae DHA Market Dynamics:
The growth of the global microalgae DHA market is driven by growing demand for DHA in infant formula and increasing health consciousness among consumers. Advantages of microalgae oil market over fish oil, most demanded in DHA market such as greater shelf-life i.e. high oxidative stability and pleasant odor and taste are fueling the global microalgae DHA market. Macroeconomic factors such as rapid rate of urbanization, increasing per capita income, changing lifestyle, and growing economy driving the global microalgae DHA market. Microalgae oil manufacturers are not able to charge at competitive prices compared to alternative poly unsaturated fatty acid sources due to high production cost, particularly DHA and eicospentaenoic acid from fish oil. This, in turn, leads to restraining the global microalgae DHA market. Manufacturers of DHA market are investing in research and development and trying to differentiate their products portfolio which is trending the global microalgae DHA market. The company operates in the microalgae DHA market can increase its share through collaboration with domestic players and forward integration in the market.
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- Sneak Peek into Key Forecast Factors and thier Impact
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The global microalgae DHA market is segmented on the basis of distribution channel, end-user, and region. Based on distribution channel, the global microalgae DHA market segmented as convenient stores, hypermarkets/supermarket, e-Commerce, and individual stores. Among which, hypermarkets/supermarket, segment is expected to contribute for major revenue share whereas, e-Commerce segment is expected to expand at a significant CAGR in the global microalgae DHA market, attributed to increasing adoption of e-Commerce across the globe. On the basis of end-user, the global microalgae DHA market is segmented as consumers, food manufacturers, nutraceutical manufacturers, cosmetics manufacturers, pharmaceutical manufacturers, and animal feed manufacturers, wherein pharmaceutical manufacturers segment have significant revenue share, whereas, nutraceutical manufacturers segment is expected to register significant CAGR, over the forecast period.
Global Microalgae DHA Market Regional Outlook:
Based on the geographies, the global microalgae DHA market is split into seven regions including Asia-Pacific except Japan, North America, Western Europe, Eastern Europe, Japan, Latin America, and the Middle East & Africa. Among the regions, Asia-Pacific except Japan is expected to dominate the global microalgae DHA market with relatively high growth rate, attributed to rapidly growing population, rapid rate of urbanization, and changing lifestyle of consumers across the region. North America is followed by Asia-Pacific except Japan and is expected to expand at a significant growth rate in microalgae DHA market, owing to high demand for DHA across the region. Europe also accounts for significant value share in the global microalgae DHA market, but growth of microalgae DHA market is limited due to embedded fish oil alternatives in the region. Overall, the outlook for the global microalgae DHA market will have a positive growth over the forecast period, growing demand for infant formulae containing DHA across the globe being a counterfeiting factor.
Global Microalgae DHA Market Player:
Few players in the global microalgae DHA market include Goerlich Pharma GmbH, Nordic Naturals, Inc., InovoBiologic Inc., Source Omega LLC, The 3rd Opinion Inc., Deva Nutrition LLC, Cellana Inc., Xiamen Huison Biotech Co., Ltd, Kangcare Bioindustry Co., Ltd., Wuhan Bioco Sci. & Tech. Dev. Co., Ltd., Shandong Yuexiang Biotechnology Co., Ltd., and Hubei Ruiren Biotechnology Co., Ltd.
The Report Covers Exhaustive Analysis on:
- Microalgae DHAMarket Segments
- Market Dynamics of Microalgae DHAMarket
- Historical Actual Market Size, 2015-2016 for Microalgae DHAMarket
- Microalgae DHAMarket Size & Forecast 2017 to 2027
- Value Chain
- Current Trends/Issues/Challenges
- Competition and Companies involved in Microalgae DHAMarket
- Microalgae DHAMarket Drivers and Restraints
Regional Analysis for Microalgae DHA Market Includes:
- North America
- US
- Canada
- Latin America
- Argentina
- Mexico
- Brazil
- Rest of Latin America
- Western Europe
- U.K.
- France
- Germany
- Italy
- France
- Spain
- Nordic
- Benelux
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Asia Pacific
- Australia and New Zealand (A&NZ)
- China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- The Middle East and Africa
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
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.
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Microalgae Dha Market
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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What will you discover from Microalgae Dha Market report?
- The current and future market size, covering each aspect and nuanced trends across key national and geographic markets
- An overview of the market report, providing an imperative visual of the varied market subdivisions and overall forecast statistics in terms of value and volume
- Extensive database and key dynamics elevating the market with varied verticals associated
- Underlying Microalgae Dha Market forces that are compelling consumers or businesses to purchase the product
- How novel technologies and consumer-centric innovations will create new value-adding opportunities for companies active in the Microalgae Dha Market
- What will be environment and regulatory impacts on the market over the next decade
Which framework has been used to develop the Microalgae Dha Market report?
- Investment Feasibility Matrix - It shows returns on investment, level of competition, success rate of investment, and potential risks associated with the market. The analysis shows that the competition is high in the established market, while the returns for short-term investment are also taken into consideration
- Relative Maturity Mapping – The relative maturity is measured according to three growth phases (growth, maturity, decline)
- Relative PLC (Product Life Cycle) – Analysis of the emergence of prominent players and competitive test prices which are driving factors behind every market. (expected market behavior, observed market behavior, expected market performance, observed market performance)