Algae Oil Market Trends Analysis

1
The Global Algae Oil Market is predicted to
expand at a CAGR of 6.2 and reach US 243.8 Mn
by 2032.Algae oil is rich in Omega 3 fatty acids
and DHA (docosahexaenoic acid). It is synthesized
directly from algae and hence the terminology
algae oil. Marine algae is harvested to obtain
this product, which is extracted and then
refined, ready for use. The DHA present in algae
oil accounts for 97 percent of Omega 3 in the
human brain, retina and cerebral cortex. It can
be called as a rich vegetable source of DHA and
Omega 3 which has several health benefits. It is
also added in food items, supplements and
beverages. Global Algae oil market is influenced
by several parameters. The major factors driving
the growth of the global algae oil market are its
increasing use in the food and beverage industry
owing to health benefits associated with the
healthy composition of algae oil which involves
high phycocyanin, proteins and antioxidants apart
from DHA and Omega 3.As per detailed industry
anaslysis by Persistence Market Research Algae
oil is also used as specialty oil due to its low
saturated fat content. Algae oil provides high
nutrition and health benefits such as it helps in
cholesterol reduction, improves eyesight and
memory. Rising health awareness and increasing
preference to nutritional vegetable sources is
another aspect favoring the growth of the global
algae oil market.
2

• Request for a Report _at_https//www.persistencemarke
  tresearch.com/market- research/algae-oil-market.as
  p
• Algae oil is also used in energy sector, where it
  is used to produce biofuel. Biofuel is widely
  used today for its low carbon footprint, and
  hence consumption of algae oil is increasing
  considerably in the respect which contributes to
  the growth of the global algae oil market.
  However, higher pricing of algae oil is a leg
  puller which challenges the growth of the global
  algae oil market.
• Key Takeaways from Market Study
• The market for algal oil is anticipated to expand
  at CAGRs of 5.4 and 7.9 in East Asia and South
  Asia Pacific, respectively, through 2032.
• Market shares of the Middle East and Africa and
  East Asia are 25.3 and 5.7, respectively, in
  2022.
• The Latin America algal oil market is expected to
  reach 4,368 tons by the end of 2032.
• Fuel-grade sales of algal oil are increasing as
  the biofuel sector grows at a healthy rate.
  Fuel-grade sales in North America and Europe have
  a market share of 57.5 and 56.9, respectively,
  in 2022.

3

• Growing popularity of café and coffee culture is
  driving demand for algal oil in coffee shops in
  the developing markets of South Asian Pacific
  countries.
• Shifting consumer preferences toward clean-label
  products are driving market growth in South Asia
  Pacific.
• The Europe organic algal oil market is expected
  to expand at a CAGR of 5.7 between 2022 and
  2032.
• Competitive Landscape
• Manufacturers of algal oil are focused on
  increasing their organic product offerings
  through collaborations and sponsoring
  partnerships. Companies are providing essential
  equipment and helping market players produce high
  quantities of organic algal oil.
• In March 2022, Cargill Inc. added algae-derived
  omega 3 as a part of the oil mix in all fish feed
  to its portfolio.
• In April 2021, Royal DSM expanded its product
  portfolio of the algal omega-3 range. The company
  is planning to create an omega-3 alternative fish
  oil that includes lifes DHA and lifes OMEGA.
• About Persistence Market Research

4
Business intelligence is the foundation of every
business model employed by Persistence Market
Research. Multi-dimensional sources are being put
to work, which include big data, customer
experience analytics, and real-time data
collection. Thus, working on micros by
Persistence Market Research helps companies
overcome their macro business
challenges. Persistence Market Research is
always way ahead of its time. In other words, it
tables market solutions by stepping into
the companies/clients shoes much before they
themselves have a sneak pick into the market. The
pro-active approach followed by experts at
Persistence Market Research helps
companies/clients lay their hands on
techno-commercial insights beforehand, so that
the subsequent course of action could be
simplified on their part. Contact Persistence
Market Research Teerth Technospace, Unit B-704
Survey Number 103, Baner Mumbai Bangalore
Highway Pune 411045 India
5
Email sales_at_persistencemarketresearch.com Web
https//www.persistencemarketresearch.com