Algal DHA and ARA Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Algal docosahexaenoic acid (DHA) and arachidonic acid (ARA) are sustainable and vegetarian source of DHA that provide benefits to maintain health of eye, brain, and heart. DHA has various applications in food and beverage, dietary supplements, and infant formula industries, owing to its benefits such as improved gastrointestinal health. Increasing consumer awareness related to the importance of DHA is expected to drive growth of the algal DHA and ARA market. Alternative sources of DHA and ARA such as food sources including fungi, fish, eggs, dairy products, and fish oils are available in the market. Easy availability of alternative sources of DHA and ARA might hamper growth of the global algal DHA and ARA market.
Market Dynamics
According to Coherent Market Insights’ analysis, North America held the dominant position and accounted for a share of over 36.8% in the global algal DHA and ARA market in 2017. This is owing to increasing demand for algal DHA and ARA in infant formula and nutritional supplement market and increasing government support for the use of DHA and ARA in infant formula and food & beverages application. For instance, government agencies such as Food and Drug Administration (FDA), Food and Agriculture Organization (FAO), and European Food Safety Authority (EFSA) have recommended that all infant formula should contain DHA and ARA. This in turn supports growth of the algal DHA and ARA market in the region.
Key players operating in the global algal DHA and ARA market are focused on launching new products to cater to increasing demand for algal DHA- and ARA-based products. In 2017, Archer Daniels Midland Company introduced Onavita DHA algal oil, a new DHA produced from algae source.
Key features of the study:
This report provides in-depth analysis of the global algal DHA and ARA market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) during the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players
It profiles leading players in the global algal DHA and ARA market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies and future plans
Key companies covered as a part of this study Koninklijke DSM N.V., Cabio Bioengineering (Wuhan) Co., Ltd., Corbion N.V., Lonza Group, Algisys, LLC, and Cargill, Incorporated.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology upgradation, market expansion, and marketing tactics
The global algal DHA and ARA market report caters to various stakeholders in this industry including investors, suppliers, algal DHA and ARA manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the algal DHA and ARA market
Detailed Segmentation:
Global Algal DHA and ARA Market, By Form:
Powder
Oil
Global Algal DHA and ARA Market, By Application:
Infant Formula
Nutritional Supplements
Animal Feed
Food & Beverages
Global Algal DHA and ARA Market, By Geography:
North America
U.S.
By Form:
Powder
Oil
By Application:
Infant Formula
Nutritional Supplements
Animal Feed
Food & Beverages
Canada
By Form:
Powder
Oil
By Application:
Infant Formula
Nutritional Supplements
Animal Feed
Food & Beverages
Europe
U.K.
By Form:
Powder
Oil
By Application:
Infant Formula
Nutritional Supplements
Animal Feed
Food & Beverages
Germany
By Form:
Powder
Oil
By Application:
Infant Formula
Nutritional Supplements
Animal Feed
Food & Beverages
Italy
By Form:
Powder
Oil
By Application:
Infant Formula
Nutritional Supplements
Animal Feed
Food & Beverages
France
By Form:
Powder
Oil
By Application:
Infant Formula
Nutritional Supplements
Animal Feed
Food & Beverages
Russia
By Form:
Powder
Oil
By Application:
Infant Formula
Nutritional Supplements
Animal Feed
Food & Beverages
Rest of Europe
By Form:
Powder
Oil
By Application:
Infant Formula
Nutritional Supplements
Animal Feed
Food & Beverages
Asia Pacific
China
By Form:
Powder
Oil
By Application:
Infant Formula
Nutritional Supplements
Animal Feed
Food & Beverages
India
By Form:
Powder
Oil
By Application:
Infant Formula
Nutritional Supplements
Animal Feed
Food & Beverages
Japan
By Form:
Powder
Oil
By Application:
Infant Formula
Nutritional Supplements
Animal Feed
Food & Beverages
ASEAN
By Form:
Powder
Oil
By Application:
Infant Formula
Nutritional Supplements
Animal Feed
Food & Beverages
Australia
By Form:
Powder
Oil
By Application:
Infant Formula
Nutritional Supplements
Animal Feed
Food & Beverages
South Korea
By Form:
Powder
Oil
By Application:
Infant Formula
Nutritional Supplements
Animal Feed
Food & Beverages
Rest of Asia Pacific
By Form:
Powder
Oil
By Application:
Infant Formula
Nutritional Supplements
Animal Feed
Food & Beverages
Latin America
Brazil
By Form:
Powder
Oil
By Application:
Infant Formula
Nutritional Supplements
Animal Feed
Food & Beverages
Mexico
By Form:
Powder
Oil
By Application:
Infant Formula
Nutritional Supplements
Animal Feed
Food & Beverages
Rest of Latin America
By Form:
Powder
Oil
By Application:
Infant Formula
Nutritional Supplements
Animal Feed
Food & Beverages
Middle East
GCC
By Form:
Powder
Oil
By Application:
Infant Formula
Nutritional Supplements
Animal Feed
Food & Beverages
Israel
By Form:
Powder
Oil
By Application:
Infant Formula
Nutritional Supplements
Animal Feed
Food & Beverages
Rest of Middle East
By Form:
Powder
Oil
By Application:
Infant Formula
Nutritional Supplements
Animal Feed
Food & Beverages
Africa
North Africa
By Form:
Powder
Oil
By Application:
Infant Formula
Nutritional Supplements
Animal Feed
Food & Beverages
Central Africa
By Form:
Powder
Oil
By Application:
Infant Formula
Nutritional Supplements
Animal Feed
Food & Beverages
South Africa
By Form:
Powder
Oil
By Application:
Infant Formula
Nutritional Supplements
Animal Feed
Food & Beverages
Company Profiles
Koninklijke DSM N.V.*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Cabio Bioengineering (Wuhan) Co., Ltd.
Corbion N.V.
Lonza Group
Algisys, LLC
Cargill, Incorporated
“*” marked represents similar segmentation in other categories in the respective section.
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