Press Resease

Algae Oil Market - Global Industry Analysis

Algae Oil Market - By Grade (Fuel Grade, Food Grade, and Feed Grade), By Application (Food & Beverage, Biofuel, Dietary Supplements, and Animal Feed), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 09-Oct-2020 Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-3023 Status : Published

Global Algae Oil market, which hit the revenue of 2.1 (USD Billion) in 2019 and is set to accrue earnings worth 5.2 (USD Billion) by 2026, is slated to register a CAGR of nearly 4% over 2020-2026.

Description

The global Algae Oil market, which hit the revenue of 2.1 (USD Billion) in 2019 and is set to accrue earnings worth 5.2 (USD Billion) by 2026, is slated to register a CAGR of nearly 4% over 2020-2026. The report offers valuation and analysis of Algae Oil market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Introduction

Algae oil is gathered, derived, and refined from marine algae rich in omega 3 fatty acids like DHA. Moreover, the product provides myriad health benefits to the human beings. Reportedly, algae present in water bodies like seas, oceans, and ponds are harvested and refined. Furthermore, DHA is added to food products, beverages, and dietary supplements.

In addition to this, escalating awareness about naturally derived food supplements is projected to propel the expansion of algae oil market during 2020-2026. High nutritive value along with myriad medical advantages as a result of algae oil intake like enhanced memory & eyesight as well as reduction in the proportion of cholesterol will bolster market scope in the foreseeable future.  

Market Growth Drivers

Escalating utilization of algae oil in food & beverage sector due to its health benefits offered by it will prompt the business landscape. Apart from this, the product offers numerous health benefits like cholesterol reduction, improving eyesight, and enhancing memory power. Growing health consciousness and surging preference for nutritive vegetable sources are predicted to favor the market expansion during the forecast timespan. Apparently, algae oil is utilized in power & energy sector and hence is used for producing biofuel. In addition to this, growing cultivation activities and upgrading of harvesting technique for high quality product delivery will prompt the market expansion over the ensuing years.

North American Market To Attain Number One Position During 2020-2026

The expansion of the market in the region over the estimated timespan is due to lucrative demand for biofuel in the countries like the U.S. In addition to this, key firms are located in the region and this will further contribute towards the regional market expansion. Growing aid by the government for developing the renewable energy sources will prop up the business scope over the estimated timespan.

Key players influencing the market growth and profiled in the report are Cargill Alking Bioengineering; Lonza Group Ltd.; Cellana Inc.; Royal DSM; Rishon International Group; Runke Biological Company; and Hubei Fuxing Biotechnology.

The global algae oil market is segmented as follows:

By grade:

  • Fuel grade
  • Food Grade
  • Feed Grade

By application:

  • Biofuel
  • Animal Feed
  • Food & Beverage
  • Dietary Supplements

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodulogy
  • Chapter 2. Executive Summary
    • 2.1. Algae Oil Market, 2016–2026 (USD Billion)
    • 2.2. Algae Oil Market: Snapshot
  • Chapter 3. Global Algae Oil Market– Industry Analysis
    • 3.1. Algae Oil Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Growing health consciousness and surging preference for nutritive vegetable sources are predicted to favor the market expansion during the forecast timespan.
      • 3.2.2. Growing cultivation activities and upgrading of harvesting technique for high quality product delivery will prompt the market expansion over the ensuing years.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Grade
      • 3.4.2. Market attractiveness analysis By Application
  • Chapter 4. Global Algae Oil Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Algae Oil Market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Algae Oil Market– Grade Analysis
    • 5.1. Global Algae Oil Market overview: By Grade
      • 5.1.1. Global Algae Oil Market share, By Grade, 2019 and 2026
    • 5.2. Fuel Grade
      • 5.2.1. Global Algae Oil Market By Fuel Grade , 2016–2026 (USD Billion)
    • 5.3. Food Grade
      • 5.3.1. Global Algae Oil Market By Food Grade, 2016–2026 (USD Billion)
    • 5.4. Feed Grade
      • 5.4.1. Global Algae Oil Market By Feed Grade, 2016–2026 (USD Billion)
  • Chapter 6. Global Algae Oil Market– Application Analysis
    • 6.1. Global Algae Oil Market overview: By Application
      • 6.1.1. Global Algae Oil Market share, By Application , 2019 and 2026
    • 6.2. Food & Beverage
      • 6.2.1. Global Algae Oil Market By Food & Beverage, 2016–2026 (USD Billion)
    • 6.3. Biofuel
      • 6.3.1. Global Algae Oil Market By Biofuel, 2016–2026 (USD Billion)
    • 6.4. Dietary Supplements
      • 6.4.1. Global Algae Oil Market By Dietary Supplements, 2016–2026 (USD Billion)
    • 6.5. Animal Feed
      • 6.5.1. Global Algae Oil Market By Animal Feed, 2016–2026 (USD Billion)
  • Chapter 7. Company Profiles
    • 7.1. Lonza Group Ltd
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product Portfulio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. Royal DSM
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product Portfulio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. Runke Biulogical Company
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product Portfulio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Developments
    • 7.4. Cargill Alking Bioengineering
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product Portfulio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Developments
    • 7.5. Rishon International Group
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product Portfulio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Development
    • 7.6. Cellana Inc.
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Product Portfulio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Development
    • 7.7. Hubei Fuxing Biotechnulogy
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Product Portfulio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Development

Methodology


Frequently Asked Questions

Escalating utilization of algae oil in food & beverage sector due to its health benefits offered by it will prompt the business landscape. Apart from this, the product offers numerous health benefits like cholesterol reduction, improving eyesight, and enhancing memory power. Growing health consciousness and surging preference for nutritive vegetable sources are predicted to favor the market expansion during the forecast timespan.

According to Zion Market Research report, The global Algae Oil market, which hit the revenue of 2.1 (USD Billion) in 2019 and is set to accrue earnings worth 5.2 (USD Billion) by 2026, is slated to register a CAGR of nearly 4% over 2020-2026.

North America is likely to make noteworthy contributions towards overall market revenue. The growth of the industry in the sub-continent over the estimated timespan is attributed to lucrative demand for biofuel in the countries like the U.S. In addition to this, key firms are located in the region and this will further contribute towards the regional market expansion. Growing aid by the government for developing the renewable energy sources will prop up the business scope over the estimated timespan.

The key players profiled in the report include Cargill Alking Bioengineering; Lonza Group Ltd.; Cellana Inc.; Royal DSM; Rishon International Group; Runke Biological Company; and Hubei Fuxing Biotechnology. With new players entering the market, it has become highly competitive and existing players are focusing on product innovations keeping of the cost of product reasonable with a view to acquire desired profits.

Choose License Type

Request the coronavirus impact analysis across industries and markets

HappyClients

Office Address

Corporate Office

Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #

US OFFICE NO +1-386-310-3803
US/CAN TOLL FREE +1-855-465-4651
Email: sales@zionmarketresearch.com

We Are On Social