Microalgae DHA Market Industry Analysis, Trend and Growth, 2017-2027
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.
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.
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<strong>Microalgae</strong> <strong>DHA</strong> <strong>Market</strong>: Global <strong>Industry</strong> <strong>Analysis</strong> <strong>and</strong><br />
Opportunity Assessment <strong>2017</strong>-<strong>2027</strong><br />
March <strong>2017</strong><br />
Report Id : REP-GB-3137<br />
Status : Ongoing<br />
Category : Food <strong>and</strong> Beverages<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved
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<strong>Microalgae</strong> <strong>DHA</strong> <strong>Market</strong><br />
Algae oil is rich in omega-3 PUFAs (polyunsaturated fatty acids), particularly <strong>DHA</strong> (docosahexaenoic<br />
acid). <strong>DHA</strong> is an essential component of the brain <strong>and</strong> crucial fatty acid among the omega-3 PUFAs. <strong>DHA</strong><br />
plays an important role in the development of brain in infants, which became more popular following<br />
research findings that many formula-fed infants have lower levels of <strong>DHA</strong> <strong>and</strong> ARA (arachadonic acid) as<br />
compared to breast-fed infants. The global microalgae <strong>DHA</strong> market is expected to register significant CAGR,<br />
attributed to health consciousness of consumers, advantages of microalgae <strong>DHA</strong> over fish oil <strong>DHA</strong>, <strong>and</strong> high<br />
dem<strong>and</strong> for infant formulae over the forecast period.<br />
Global <strong>Microalgae</strong> <strong>DHA</strong> <strong>Market</strong> Dynamics:<br />
The growth of the global microalgae <strong>DHA</strong> market is driven by growing dem<strong>and</strong> for <strong>DHA</strong> in infant formula <strong>and</strong><br />
increasing health consciousness among consumers. Advantages of microalgae oil market over fish oil, most<br />
dem<strong>and</strong>ed in <strong>DHA</strong> market such as greater shelf-life i.e. high oxidative stability <strong>and</strong> pleasant odor <strong>and</strong> taste<br />
are fueling the global microalgae <strong>DHA</strong> market. Macroeconomic factors such as rapid rate of urbanization,<br />
increasing per capita income, changing lifestyle, <strong>and</strong> growing economy driving the global microalgae <strong>DHA</strong><br />
market. <strong>Microalgae</strong> oil manufacturers are not able to charge at competitive prices compared to alternative<br />
poly unsaturated fatty acid sources due to high production cost, particularly <strong>DHA</strong> <strong>and</strong> eicospentaenoic acid<br />
from fish oil. This, in turn, leads to restraining the global microalgae <strong>DHA</strong> market. Manufacturers of <strong>DHA</strong><br />
market are investing in research <strong>and</strong> development <strong>and</strong> trying to differentiate their products portfolio which<br />
is trending the global microalgae <strong>DHA</strong> market. The company operates in the microalgae <strong>DHA</strong> market can<br />
increase its share through collaboration with domestic players <strong>and</strong> forward integration in the market.<br />
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<strong>Microalgae</strong> <strong>DHA</strong> <strong>Market</strong><br />
Global <strong>Microalgae</strong> <strong>DHA</strong> <strong>Market</strong> Segmentation:<br />
The global microalgae <strong>DHA</strong> market is segmented on the basis of distribution channel, end-user, <strong>and</strong> region.<br />
Based on distribution channel, the global microalgae <strong>DHA</strong> market segmented as convenient stores,<br />
hypermarkets/supermarket, e-Commerce, <strong>and</strong> individual stores. Among which, hypermarkets/supermarket,<br />
segment is expected to contribute for major revenue share whereas, e-Commerce segment is expected to<br />
exp<strong>and</strong> at a significant CAGR in the global microalgae <strong>DHA</strong> market, attributed to increasing adoption of e-<br />
Commerce across the globe. On the basis of end-user, the global microalgae <strong>DHA</strong> market is segmented as<br />
consumers, food manufacturers, nutraceutical manufacturers, cosmetics manufacturers, pharmaceutical<br />
manufacturers, <strong>and</strong> animal feed manufacturers, wherein pharmaceutical manufacturers segment have<br />
significant revenue share, whereas, nutraceutical manufacturers segment is expected to register significant<br />
CAGR, over the forecast period.<br />
Global <strong>Microalgae</strong> <strong>DHA</strong> <strong>Market</strong> Regional Outlook:<br />
Based on the geographies, the global microalgae <strong>DHA</strong> market is split into seven regions including Asia-Pacific<br />
except Japan, North America, Western Europe, Eastern Europe, Japan, Latin America, <strong>and</strong> the Middle East &<br />
Africa. Among the regions, Asia-Pacific except Japan is expected to dominate the global microalgae <strong>DHA</strong><br />
market with relatively high growth rate, attributed to rapidly growing population, rapid rate of urbanization,<br />
<strong>and</strong> changing lifestyle of consumers across the region. North America is followed by Asia-Pacific except Japan<br />
<strong>and</strong> is expected to exp<strong>and</strong> at a significant growth rate in microalgae <strong>DHA</strong> market, owing to high dem<strong>and</strong> for<br />
<strong>DHA</strong> across the region. Europe also accounts for significant value share in the global microalgae <strong>DHA</strong> market,<br />
but growth of microalgae <strong>DHA</strong> market is limited due to embedded fish oil alternatives in the region. Overall,<br />
the outlook for the global microalgae <strong>DHA</strong> market will have a positive growth over the forecast period,<br />
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<strong>Microalgae</strong> <strong>DHA</strong> <strong>Market</strong><br />
growing dem<strong>and</strong> for infant formulae containing <strong>DHA</strong> across the globe being a counterfeiting factor.<br />
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Global <strong>Microalgae</strong> <strong>DHA</strong> <strong>Market</strong> Player:<br />
Few players in the global microalgae <strong>DHA</strong> market include Goerlich Pharma GmbH, Nordic Naturals, Inc.,<br />
InovoBiologic Inc., Source Omega LLC, The 3rd Opinion Inc., Deva Nutrition LLC, Cellana Inc., Xiamen Huison<br />
Biotech Co., Ltd, Kangcare Bioindustry Co., Ltd., Wuhan Bioco Sci. & Tech. Dev. Co., Ltd., Sh<strong>and</strong>ong Yuexiang<br />
Biotechnology Co., Ltd., <strong>and</strong> Hubei Ruiren Biotechnology Co., Ltd.<br />
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