Global Algal DHA and ARA Market Research Report 2022
Market Analysis and Insights: Global Algal DHA and ARA Market
Due to the COVID-19 pandemic, the global Algal DHA and ARA market size is estimated to be worth US$ 728.55 million in 2022 and is forecast to a readjusted size of US$ 1578.59 million by 2028 with a CAGR of 13.76% during the review period. Fully considering the economic change by this health crisis, DHA Oil accounting for 31.09% of the Algal DHA and ARA global market in 2021, is projected to value US$ 624.14 million by 2028, growing at a revised 17.59% CAGR in the post-COVID-19 period. While Infant Formula segment is altered to an 15.13% CAGR throughout this forecast period.
North America Algal DHA and ARA market is estimated at US$ 197.16 million in 2021, while Europe is forecast to reach US$ 636.22 million by 2028. The proportion of the North America is 31.15% in 2021, while Europe percentage is 45.16%, and it is predicted that Europe share will reach 40.30% in 2028, trailing a CAGR of 11.86% through the analysis period. As for the Asia, the notable markets are China and India, CAGR is 19.44% and 17.02% respectively for the next 6-year period.
The global major manufacturers of Algal DHA and ARA include DSM, Roquette, ADM, Corbion, Lonza Group, CABIO, AlgiSys, Fuxing, and Runke, etc. In terms of revenue, the global 3 largest players have a 65.27% market share of Algal DHA and ARA in 2021.
Global Algal DHA and ARA Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Algal DHA and ARA Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
By Company
DSM
Roquette
ADM
Corbion
Lonza Group
CABIO
AlgiSys
Fuxing
Runke
Cellana
JC Biotech
Yuexiang
FEMICO
Huison
Qingdao Keyuan
Yidie
Kingdomway
Segment by Type
DHA Oil
DHA Powder
ARA Oil
ARA Powder
Segment by Application
Infant Formula
Nutritional Supplement
Dairy and Beverages
Candy & Chocolate
Baked Goods
Processed Meat
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Mexico
Asia-Pacific
China
Japan
Korea
Australia
New Zealand
India
Others
Europe
Germany
France
U.K.
Italy
Russia
Others
South America
Brazil
Argentina
Others
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