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Report
Algae Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-11-24 I 138 Pages I IMARC Group
The global algae oil market size reached US$ 1.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.68% during 2022-2028.
Algae oil is an animal-free source of omega-3 fatty acids, which includes eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). It aids in lowering cholesterol, reducing inflammation, minimizing the risk of stroke, and promoting vision among people with retinitis pigmentosa. As it contains significant amounts of minerals and vitamins, it is utilized along with other fatty acids for fortifying baby and infant formulas. It is also used as a stabilizing agent in the production of ice creams, pet food, and other food supplements.
Algae Oil Market Trends:
Rising awareness among individuals about the benefits of omega-3 fatty acids, such as reducing the risk of cardiovascular disease (CVD) and promoting low triglyceride levels, represents one of the key factors impelling the market growth. Moreover, as omega-3 fatty acids usually come from animal sources, the increasing inclination of consumers towards a vegetarian-based diet is contributing to market growth. Apart from this, several food manufacturers are offering juices, milk, yogurts, cooking oils, nutrition bars, salad dressings, marinades, and other products fortified with algae oil. This, in confluence with the escalating demand for these food products on account of the growing health consciousness among individuals, is positively influencing the market. Furthermore, algae oil is employed in the pharmaceutical industry to manufacture DHA-based capsules. The growing prevalence of macular degeneration, which is an age-related vision loss disorder, along with the rising geriatric population, is driving the demand for these capsules to relieve intraocular pressure. Apart from this, governing agencies of numerous countries are implementing stringent policies to reduce greenhouse gas (GHG) emissions and achieve energy conservation. This is anticipated to expand the application of algae oil as a sustainable renewable fuel in the transport sector.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global algae oil market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on grade, distribution channel and application.
Breakup by Grade:
Fuel Grade
Food Grade
Feed Grade
Breakup by Distribution Channel:
Direct Sales
Supermarkets and Hypermarkets
Specialty Stores
Pharmacy
Online
Breakup by Application:
Biofuel
Dietary Supplement
Food and Beverage
Animal Feed
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Algae Floating Systems Inc., Algae Production Systems, Alltech, Cargill Incorporated, Cellana Inc., Corbion N.V, Cyanotech Corporation, Koninklijke DSM N.V., Lonza Group AG, Pond Technologies Inc. and Renewable Algal Energy LLC (RAE).
Key Questions Answered in This Report
1. What was the size of the global algae oil market in 2022?
2. What is the expected growth rate of the global algae oil market during 2023-2028?
3. What has been the impact of COVID-19 on the global algae oil market?
4. What are the key factors driving the global algae oil market?
5. What is the breakup of the global algae oil market based on the grade?
6. What is the breakup of the global algae oil market based on the distribution channel?
7. What is the breakup of the global algae oil market based on the application?
8. What are the key regions in the global algae oil market?
9. Who are the key players/companies in the global algae oil market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Algae Oil Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Grade
6.1 Fuel Grade
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Food Grade
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Feed Grade
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Distribution Channel
7.1 Direct Sales
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Supermarkets and Hypermarkets
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Specialty Stores
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Pharmacy
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Online
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Application
8.1 Biofuel
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Dietary Supplement
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Food and Beverage
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Animal Feed
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Algae Floating Systems Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Algae Production Systems
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Alltech
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 SWOT Analysis
14.3.4 Cargill Incorporated
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 SWOT Analysis
14.3.5 Cellana Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Corbion N.V
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.7 Cyanotech Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Koninklijke DSM N.V.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Lonza Group AG
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Pond Technologies Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Renewable Algal Energy LLC (RAE)
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
Figure 1: Global: Algae Oil Market: Major Drivers and Challenges
Figure 2: Global: Algae Oil Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Algae Oil Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Algae Oil Market: Breakup by Grade (in %), 2022
Figure 5: Global: Algae Oil Market: Breakup by Distribution Channel (in %), 2022
Figure 6: Global: Algae Oil Market: Breakup by Application (in %), 2022
Figure 7: Global: Algae Oil Market: Breakup by Region (in %), 2022
Figure 8: Global: Algae Oil (Fuel Grade) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Algae Oil (Fuel Grade) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Algae Oil (Food Grade) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Algae Oil (Food Grade) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Algae Oil (Feed Grade) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Algae Oil (Feed Grade) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Algae Oil (Direct Sales) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Algae Oil (Direct Sales) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Algae Oil (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Algae Oil (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Algae Oil (Specialty Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Algae Oil (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Algae Oil (Pharmacy) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Algae Oil (Pharmacy) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Algae Oil (Online) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Algae Oil (Online) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Algae Oil (Biofuel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Algae Oil (Biofuel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Algae Oil (Dietary Supplement) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Algae Oil (Dietary Supplement) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Algae Oil (Food and Beverage) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Algae Oil (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Algae Oil (Animal Feed) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Algae Oil (Animal Feed) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Algae Oil (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Algae Oil (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: North America: Algae Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: North America: Algae Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: United States: Algae Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: United States: Algae Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Canada: Algae Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Canada: Algae Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Asia-Pacific: Algae Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Asia-Pacific: Algae Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: China: Algae Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: China: Algae Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Japan: Algae Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Japan: Algae Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: India: Algae Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: India: Algae Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: South Korea: Algae Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: South Korea: Algae Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Australia: Algae Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Australia: Algae Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Indonesia: Algae Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Indonesia: Algae Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Others: Algae Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Others: Algae Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Europe: Algae Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Europe: Algae Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Germany: Algae Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Germany: Algae Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: France: Algae Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: France: Algae Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: United Kingdom: Algae Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: United Kingdom: Algae Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Italy: Algae Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Italy: Algae Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Spain: Algae Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Spain: Algae Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Russia: Algae Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Russia: Algae Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Others: Algae Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Others: Algae Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Latin America: Algae Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Latin America: Algae Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Brazil: Algae Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Brazil: Algae Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Mexico: Algae Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Mexico: Algae Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Others: Algae Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Others: Algae Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Middle East and Africa: Algae Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Middle East and Africa: Algae Oil Market: Breakup by Country (in %), 2022
Figure 82: Middle East and Africa: Algae Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Global: Algae Oil Industry: SWOT Analysis
Figure 84: Global: Algae Oil Industry: Value Chain Analysis
Figure 85: Global: Algae Oil Industry: Porter's Five Forces Analysis
Table 1: Global: Algae Oil Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Algae Oil Market Forecast: Breakup by Grade (in Million US$), 2023-2028
Table 3: Global: Algae Oil Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 4: Global: Algae Oil Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Algae Oil Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Algae Oil Market: Competitive Structure
Table 7: Global: Algae Oil Market: Key Players
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