DHA (Docosahexaenoic Acid) and ARA (Arachidonic Acid) are types of fatty acids which are found in some of the foods like fish and eggs but are mostly found in breast milk. Both DHA ARA are special type of fatty acids called polyunsaturated fatty acids. DHA and ARA are naturally present in the breast milk which in turn has many health benefits. It is to be believed by experts that child which feed breast milk has greater IQ and eye power because DHA and ARA helps in building nervous system as well as eye power.
As of 2021, the global Algal DHA and ARA Market was valued at U.S$ 479.29 Million in terms of revenue, exhibiting a CAGR of 7.4% during the years (2022-2030)
Prominent Companies in the Algal DHA and ARA Industry:
1) Koninklijke Philips N.V.
Koninklijke Philips N.V. shortened to Philips is a multinational Conglomerate industry. It was founded in the year 15 May 1891 and the headquarters are located Amsterdam, Netherlands. Philips has a primary listing on the Euronext Amsterdam stock exchange. It was founded by Gerard and Anton Philips. Philip’s core products are consumer electronics and electrical products, like beauty and childcare appliances, computer accessories, MRI scanners and radiography equipment.
In December 2021, Philips completed the acquisition of Vesper Medical, a medical device company dedicated to the development of a novel venous stent for the treatment of a variety of venous diseases.
2) Lonza Group
Lonza Group is a Swiss multinational manufacturing company for the pharmaceutical, biotechnology and nutrition sectors. The company provides product development services to the pharmaceutical and biologic industries, including custom manufacturing of biopharmaceuticals and detention systems and provides services for the bioscience sector. The company was founded in the year 1897, and the headquarters are located in Basel, Switzerland.