DUBLIN, May 24, 2022--(BUSINESS WIRE)--The "Global DHA Algae Oil Market, By Type, Application & By Region - Forecast and Analysis 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global DHA algae oil market was valued at USD 158.23 Million in 2021, and it is expected to reach a value of USD 306.01 Million by 2027, at a CAGR of more than 11.62% over the forecast period (2022 - 2027).
DHA Algae Oil is a novel food ingredient and nutrients nutritional supplement, compared with the traditional DHA fish oil supplements, the outstanding advantages is its high purity (which can be done without EPA), pollution, and ease to achieve stable operation of the production process, thus ensuring the stability of product quality.
According to a Norwegian study, omega-3 has a positive effect on a child's brain and improves problem-solving skills. High doses of DHA in baby formula or breast milk, according to recent research studies, can have a positive effect on the growth of preterm infants, such as an increase in height.
In countries, such as China, where both the adult population and infant population are on the rise, the demand for infant nutrition and baby food is constantly increasing. Parents with hectic schedules and little time to prepare meals are increasing their demand for omega-3-fortified infant nutrition.
The report provides market sizing and forecast across five major regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA). In this report, the year 2016 to 2020 is considered a historical year, 2021 is the base year, 2022 is the estimated year, and years from 2022 to 2027 are considered the forecast period.
Top-down and bottom-up approaches were used to estimate and validate the size of the global DHA Algae Oil market and to estimate the size of various other dependent submarkets.
The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives.
All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Aspects covered in this report
Based on type, this market is segmented into standard 30%-40% Content, 40%-50% Content, and others.
Based on Application, this market is segmented Food & Beverage, Dietary Supplements, Infant Formula, and Animal Feed.
Based on region, this market is categorized into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA).
Players in this market adopted various strategies to expand their global footprint and augment their market share. The key strategies followed by most companies in the global DHA Algae Oil market were agreements and collaborations, mergers and acquisitions, and expansion.
Jc Biotech Pvt. Ltd.
Far East Microalgae Industries, Co. Ltd. (Femico)
Guangdong Runke Bioengineering Co. Ltd.
Livzon Group Fuzhou Fuxing Pharmaceutical Co. Ltd..
Shandong Yuexiang Biotechnology Co. Ltd.
Xiamen Kingdomway Group
Shandong Keyuan Pharmaceutical Co. Ltd
Xiamen Huison Biotech Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/b6kyqu
View source version on businesswire.com: https://www.businesswire.com/news/home/20220524005637/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900