Global Algal DHA and ARA Market Growth 2023-2029

Global Algal DHA and ARA Market Growth 2023-2029

Docosahexaenoic acid (DHA) is an omega-3 fatty acid that is a primary structural component of the human brain, cerebral cortex, skin, and retina. It can be synthesized from alpha-linolenic acid or obtained directly from maternal milk (breast milk), fish oil, or algae oil.

Arachidonic acid is a polyunsaturated fatty acid present in the phospholipids (especially phosphatidylethanolamine, phosphatidylcholine, and phosphatidylinositides) of membranes of the body's cells, and is abundant in the brain, muscles, and liver.

LPI (LP Information)' newest research report, the “Algal DHA and ARA Industry Forecast” looks at past sales and reviews total world Algal DHA and ARA sales in 2022, providing a comprehensive analysis by region and market sector of projected Algal DHA and ARA sales for 2023 through 2029. With Algal DHA and ARA sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Algal DHA and ARA industry.

This Insight Report provides a comprehensive analysis of the global Algal DHA and ARA landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Algal DHA and ARA portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Algal DHA and ARA market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Algal DHA and ARA and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Algal DHA and ARA.

The global Algal DHA and ARA market size is projected to grow from US$ 619.1 million in 2022 to US$ 1575.5 million in 2029; it is expected to grow at a CAGR of 1575.5 from 2023 to 2029.

The global top five algal DHA and ARA manufacturers include DSM, CABIO, Lonza Group, Runke, Corbion, with a total market share of more than 75%, of which the largest producer is DSM, with a market share of more than 50%. Europe is the global most important algal DHA and ARA producing area, with a market share of more than 40%. In terms of type, DHA powder has a market share of over 35%. In the application field, the market share of infant formula is about 50%.

This report presents a comprehensive overview, market shares, and growth opportunities of Algal DHA and ARA market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
DHA Oil
DHA Powder
ARA Oil
ARA Powder

Segmentation by application
Infant Formula
Nutritional Supplement
Food and Beverages
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
DSM
Roquette
ADM
Corbion
Lonza Group
CABIO
AlgiSys
Fuxing
Runke
Cellana
JC Biotech
Yuexiang
FEMICO
Huison
Qingdao Keyuan
Yidie
Kingdomway
Shandong Yuexiang

Key Questions Addressed in this Report

What is the 10-year outlook for the global Algal DHA and ARA market?

What factors are driving Algal DHA and ARA market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Algal DHA and ARA market opportunities vary by end market size?

How does Algal DHA and ARA break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.