Algal oil Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
DHA and Omega 3 fatty acids are abundant in algae oil (docosahexaenoic acid). Because it is made straight from algae, it is referred to as algae oil. This product is made from harvested marine algae, which is removed and purified before being used. In the human brain, retina, and cerebral cortex, the DHA found in algal oil accounts for 97 percent of Omega 3. It's a good source of DHA and Omega 3 in vegetables, and it has a lot of health benefits. It's also found in foods, supplements, and drinks.
MARKET DYNAMICS
Because of its low saturated fat level, algae oil is often utilised as a specialty oil. Algae oil has several nutritional and physiological benefits, including lowering cholesterol and improving eyesight and cognition. Another factor encouraging the worldwide algae oil market's growth is rising health awareness and a growing preference for nourishing vegetable sources.
MARKET SCOPE
The "Global Algal oil market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the algal oil market with detailed market segmentation by application and grade. The global algal oil market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading algal oil market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global algal oil market is segmented into application and grade. By application, the algal oil market is classified into biofuel, dietary supplements, pharmaceuticals, animal feed, food and beverage and others. By grade, the algal oil market is classified into food grade, feed grade, fuel grade
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global algal oil market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The algal oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the algal oil market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the algal oil market in these regions.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global algal oil market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The algal oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the algal oil market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the algal oil market in these regions.
MARKET PLAYERS
The report covers vital developments in the algal oil market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the algal oil market are anticipated to witness lucrative growth opportunities in the future with the rising demand for algal oil in the global market. Below mentioned is the list of few companies engaged in the algal oil market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the algal oil market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Algae Floating Systems, Inc.,
- DIC CORPORATION
- DSM
- Cyanotech
- Cellana Inc
- Cargill, Incorporated.
- Biofuels Digest.
- Diversified Energy Company PLC.
- Seaweed Solutions AS
- Alltech.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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to segments covered.
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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Country Scope
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1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Algal Oil Market - By Grade
1.3.2 Algal Oil Market - By Application
1.3.3 Algal Oil Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ALGAL OIL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. ALGAL OIL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ALGAL OIL MARKET - GLOBAL MARKET ANALYSIS
6.1. ALGAL OIL - GLOBAL MARKET OVERVIEW
6.2. ALGAL OIL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ALGAL OIL MARKET - REVENUE AND FORECASTS TO 2028 - GRADE
7.1. OVERVIEW
7.2. GRADE MARKET FORECASTS AND ANALYSIS
7.3. FOOD GRADE
7.3.1. Overview
7.3.2. Food Grade Market Forecast and Analysis
7.4. FEED GRADE
7.4.1. Overview
7.4.2. Feed Grade Market Forecast and Analysis
7.5. FUEL GRADE
7.5.1. Overview
7.5.2. Fuel Grade Market Forecast and Analysis
8. ALGAL OIL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. BIOFUEL
8.3.1. Overview
8.3.2. Biofuel Market Forecast and Analysis
8.4. DIETARY SUPPLEMENTS
8.4.1. Overview
8.4.2. Dietary Supplements Market Forecast and Analysis
8.5. PHARMACEUTICALS
8.5.1. Overview
8.5.2. Pharmaceuticals Market Forecast and Analysis
8.6. ANIMAL FEED
8.6.1. Overview
8.6.2. Animal Feed Market Forecast and Analysis
8.7. FOOD AND BEVERAGE
8.7.1. Overview
8.7.2. Food and Beverage Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. ALGAL OIL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Algal Oil Market Overview
9.1.2 North America Algal Oil Market Forecasts and Analysis
9.1.3 North America Algal Oil Market Forecasts and Analysis - By Grade
9.1.4 North America Algal Oil Market Forecasts and Analysis - By Application
9.1.5 North America Algal Oil Market Forecasts and Analysis - By Countries
9.1.5.1 United States Algal Oil Market
9.1.5.1.1 United States Algal Oil Market by Grade
9.1.5.1.2 United States Algal Oil Market by Application
9.1.5.2 Canada Algal Oil Market
9.1.5.2.1 Canada Algal Oil Market by Grade
9.1.5.2.2 Canada Algal Oil Market by Application
9.1.5.3 Mexico Algal Oil Market
9.1.5.3.1 Mexico Algal Oil Market by Grade
9.1.5.3.2 Mexico Algal Oil Market by Application
9.2. EUROPE
9.2.1 Europe Algal Oil Market Overview
9.2.2 Europe Algal Oil Market Forecasts and Analysis
9.2.3 Europe Algal Oil Market Forecasts and Analysis - By Grade
9.2.4 Europe Algal Oil Market Forecasts and Analysis - By Application
9.2.5 Europe Algal Oil Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Algal Oil Market
9.2.5.1.1 Germany Algal Oil Market by Grade
9.2.5.1.2 Germany Algal Oil Market by Application
9.2.5.2 France Algal Oil Market
9.2.5.2.1 France Algal Oil Market by Grade
9.2.5.2.2 France Algal Oil Market by Application
9.2.5.3 Italy Algal Oil Market
9.2.5.3.1 Italy Algal Oil Market by Grade
9.2.5.3.2 Italy Algal Oil Market by Application
9.2.5.4 United Kingdom Algal Oil Market
9.2.5.4.1 United Kingdom Algal Oil Market by Grade
9.2.5.4.2 United Kingdom Algal Oil Market by Application
9.2.5.5 Russia Algal Oil Market
9.2.5.5.1 Russia Algal Oil Market by Grade
9.2.5.5.2 Russia Algal Oil Market by Application
9.2.5.6 Rest of Europe Algal Oil Market
9.2.5.6.1 Rest of Europe Algal Oil Market by Grade
9.2.5.6.2 Rest of Europe Algal Oil Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Algal Oil Market Overview
9.3.2 Asia-Pacific Algal Oil Market Forecasts and Analysis
9.3.3 Asia-Pacific Algal Oil Market Forecasts and Analysis - By Grade
9.3.4 Asia-Pacific Algal Oil Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Algal Oil Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Algal Oil Market
9.3.5.1.1 Australia Algal Oil Market by Grade
9.3.5.1.2 Australia Algal Oil Market by Application
9.3.5.2 China Algal Oil Market
9.3.5.2.1 China Algal Oil Market by Grade
9.3.5.2.2 China Algal Oil Market by Application
9.3.5.3 India Algal Oil Market
9.3.5.3.1 India Algal Oil Market by Grade
9.3.5.3.2 India Algal Oil Market by Application
9.3.5.4 Japan Algal Oil Market
9.3.5.4.1 Japan Algal Oil Market by Grade
9.3.5.4.2 Japan Algal Oil Market by Application
9.3.5.5 South Korea Algal Oil Market
9.3.5.5.1 South Korea Algal Oil Market by Grade
9.3.5.5.2 South Korea Algal Oil Market by Application
9.3.5.6 Rest of Asia-Pacific Algal Oil Market
9.3.5.6.1 Rest of Asia-Pacific Algal Oil Market by Grade
9.3.5.6.2 Rest of Asia-Pacific Algal Oil Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Algal Oil Market Overview
9.4.2 Middle East and Africa Algal Oil Market Forecasts and Analysis
9.4.3 Middle East and Africa Algal Oil Market Forecasts and Analysis - By Grade
9.4.4 Middle East and Africa Algal Oil Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Algal Oil Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Algal Oil Market
9.4.5.1.1 South Africa Algal Oil Market by Grade
9.4.5.1.2 South Africa Algal Oil Market by Application
9.4.5.2 Saudi Arabia Algal Oil Market
9.4.5.2.1 Saudi Arabia Algal Oil Market by Grade
9.4.5.2.2 Saudi Arabia Algal Oil Market by Application
9.4.5.3 U.A.E Algal Oil Market
9.4.5.3.1 U.A.E Algal Oil Market by Grade
9.4.5.3.2 U.A.E Algal Oil Market by Application
9.4.5.4 Rest of Middle East and Africa Algal Oil Market
9.4.5.4.1 Rest of Middle East and Africa Algal Oil Market by Grade
9.4.5.4.2 Rest of Middle East and Africa Algal Oil Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Algal Oil Market Overview
9.5.2 South and Central America Algal Oil Market Forecasts and Analysis
9.5.3 South and Central America Algal Oil Market Forecasts and Analysis - By Grade
9.5.4 South and Central America Algal Oil Market Forecasts and Analysis - By Application
9.5.5 South and Central America Algal Oil Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Algal Oil Market
9.5.5.1.1 Brazil Algal Oil Market by Grade
9.5.5.1.2 Brazil Algal Oil Market by Application
9.5.5.2 Argentina Algal Oil Market
9.5.5.2.1 Argentina Algal Oil Market by Grade
9.5.5.2.2 Argentina Algal Oil Market by Application
9.5.5.3 Rest of South and Central America Algal Oil Market
9.5.5.3.1 Rest of South and Central America Algal Oil Market by Grade
9.5.5.3.2 Rest of South and Central America Algal Oil Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ALGAL OIL MARKET, KEY COMPANY PROFILES
11.1. ALGAE FLOATING SYSTEMS, INC.,
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DIC CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DSM
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CYANOTECH
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. CELLANA INC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. CARGILL, INCORPORATED.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. BIOFUELS DIGEST.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. DIVERSIFIED ENERGY COMPANY PLC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SEAWEED SOLUTIONS AS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ALLTECH
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Algae Floating Systems, Inc.,
2.DIC CORPORATION
3.DSM
4.Cyanotech
5.Cellana Inc
6.Cargill, Incorporated.
7.Biofuels Digest.
8.Diversified Energy Company PLC
9.Seaweed Solutions AS
10.Alltech
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.