Algal DHA and ARA Market, by Form (Oil and Powder), by Application (Infant Formula, Nutritional Supplements, Animal Feed, and Food & Beverages), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

  • Published On : Dec 2018 |
  • Pages : 115 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

­­­Global Algal DHA and ARA Market - Insights

Algae are sustainable and vegetarian source of docosahexaenoic acid (DHA) and arachidonic acid (ARA).

Algal DHA and ARA are gaining traction in the market owing to the various health benefits it offers. Consumption of DHA and ARA reduces aging and improves brain, gastrointestinal, and heart health. Therefore, health benefits offered by DHA- and ARA-based products are propelling demand for DHA and ARA enriched food and beverages all over the world, which in turn is driving growth of algal DHA and ARA in the food & beverages industry.

Factor such as government initiatives promoting nutritional programs and marketing activities by leading manufacturers through social media are creating awareness among consumers regarding health benefits of nutraceutical ingredients such as omega-3 fatty acids including DHA and ARA. For instance, Archer Daniel Midland Company in association with European Vegetable Protein Association (EUVEPRO) is creating awareness related to nutritional supplements and providing necessary consultation to vegetable protein producers for human consumption, in Europe.

Alternative sources of DHA and ARA include fungi, fish, eggs, dairy products, and fish oils. Majority of DHA products are consumed from such alternative sources (fish oils, fish, eggs, and meat) in North America. Thus, easy availability of alternative DHA sources will restrain growth of the algal DHA and ARA market, across the globe.

The global algal DHA and ARA market was valued at US$ 417.3 million in 2017, and is expected to register a CAGR of 14.3% in terms of value, during the forecast period (2019 – 2026) to reach US$ 1,225.5 million by 2026.

Figure 1. Global Algal DHA and ARA Market Share (%) (US$ Mn), By Application, 2017

Source: Coherent Market Insights, 2017-18

Infant formula segment accounted for the largest market share of 48.1% in the global algal DHA and ARA market in 2017, owing to its various health benefits such as its consumption supports healthy pregnancy, visual development and function, cardiovascular health, and memory. Increasing demand for DHA and ARA from infant formula market is driving growth of the segment in the algal DHA and ARA market. Algal DHA and ARA is a major source of unsaturated omega 3 fatty acids, which is used as a nutritional supplement for infant nutrition.

North America held the largest market share of 36.8% in 2017 in the global algal DHA and ARA market. Government regulations for the use of algal DHA and ARA in infant nutrition, food & beverages, and nutritional supplement industries is driving growth of the algal DHA and ARA market. The government bodies such as the United Nations Food and Agriculture Organization/World Health Organization (FAO/WHO) approved DHA and ARA for infant nutrition in 2004. Thus, manufacturers are focusing on developing DHA- and ARA-based products in infant nutrition industry. In 2017, Archer Daniels Midland Company introduced Onavita DHA algal oil, a new DHA produced from a algae source. Onavita DHA algal oil is the latest addition to ADM’s Omega-3 product line, which also includes Onavita ALA from non-GMO flaxseed oil.

Figure 2. Global Algal DHA and ARA Market Share (%) (US$ Mn), By Region, 2017

Source: Coherent Market Insights, 2017-18

Players operating in the global algal DHA and ARA market are adopting various strategies such as mergers and acquisitions to expand its business. For instance, in September 2017, Corbion N.V. acquired TerraVia, which is a fermentation-based microalgae production platform. TerraVia is expected to provide a significant boost to Corbion’s sales growth with its microalgae ingredients.

Major players operating in the global algal DHA and ARA market includes Koninklijke DSM N.V., Cabio Bioengineering (Wuhan) Co., Ltd., Corbion N.V., Lonza Group, Algisys, LLC, and Cargill, Incorporated among others.

Algal docosahexaenoic acid (DHA) and arachidonic acid (ARA) are sustainable and vegetarian source of DHA that provide benefits to maintain health of eye, brain, and heart. DHA has various applications in food and beverage, dietary supplements, and infant formula industries, owing to its benefits such as improved gastrointestinal health. Increasing consumer awareness related to the importance of DHA is expected to drive growth of the algal DHA and ARA market. Alternative sources of DHA and ARA such as food sources including fungi, fish, eggs, dairy products, and fish oils are available in the market. Easy availability of alternative sources of DHA and ARA might hamper growth of the global algal DHA and ARA market.

Market Dynamics

According to Coherent Market Insights’ analysis, North America held the dominant position and accounted for a share of over 36.8% in the global algal DHA and ARA market in 2017. This is owing to increasing demand for algal DHA and ARA in infant formula and nutritional supplement market and increasing government support for the use of DHA and ARA in infant formula and food & beverages application. For instance, government agencies such as Food and Drug Administration (FDA), Food and Agriculture Organization (FAO), and European Food Safety Authority (EFSA) have recommended that all infant formula should contain DHA and ARA. This in turn supports growth of the algal DHA and ARA market in the region.

Key players operating in the global algal DHA and ARA market are focused on launching new products to cater to increasing demand for algal DHA- and ARA-based products. In 2017, Archer Daniels Midland Company introduced Onavita DHA algal oil, a new DHA produced from algae source.

Key features of the study:

  • This report provides in-depth analysis of the global algal DHA and ARA market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) during the forecast period (2019 – 2026), considering 2018 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players
  • It profiles leading players in the global algal DHA and ARA market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies and future plans
  • Key companies covered as a part of this study Koninklijke DSM N.V., Cabio Bioengineering (Wuhan) Co., Ltd., Corbion N.V., Lonza Group, Algisys, LLC, and Cargill, Incorporated.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology upgradation, market expansion, and marketing tactics
  • The global algal DHA and ARA market report caters to various stakeholders in this industry including investors, suppliers, algal DHA and ARA manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the algal DHA and ARA market

Detailed Segmentation:

  • Global Algal DHA and ARA Market, By Form:
    • Powder
    • Oil
  • Global Algal DHA and ARA Market, By Application:
    • Infant Formula
    • Nutritional Supplements
    • Animal Feed
    • Food & Beverages
  • Global Algal DHA and ARA Market, By Geography:
    • North America
      • U.S.
        • By Form:
          • Powder
          • Oil
        • By Application:
          • Infant Formula
          • Nutritional Supplements
          • Animal Feed
          • Food & Beverages
      • Canada
        • By Form:
          • Powder
          • Oil
        • By Application:
          • Infant Formula
          • Nutritional Supplements
          • Animal Feed
          • Food & Beverages
    • Europe
      • U.K.
        • By Form:
          • Powder
          • Oil
        • By Application:
          • Infant Formula
          • Nutritional Supplements
          • Animal Feed
          • Food & Beverages
      • Germany
        • By Form:
          • Powder
          • Oil
        • By Application:
          • Infant Formula
          • Nutritional Supplements
          • Animal Feed
          • Food & Beverages
      • Italy
        • By Form:
          • Powder
          • Oil
        • By Application:
          • Infant Formula
          • Nutritional Supplements
          • Animal Feed
          • Food & Beverages
      • France
        • By Form:
          • Powder
          • Oil
        • By Application:
          • Infant Formula
          • Nutritional Supplements
          • Animal Feed
          • Food & Beverages
      • Russia
        • By Form:
          • Powder
          • Oil
        • By Application:
          • Infant Formula
          • Nutritional Supplements
          • Animal Feed
          • Food & Beverages
      • Rest of Europe
        • By Form:
          • Powder
          • Oil
        • By Application:
          • Infant Formula
          • Nutritional Supplements
          • Animal Feed
          • Food & Beverages
    • Asia Pacific
      • China
        • By Form:
          • Powder
          • Oil
        • By Application:
          • Infant Formula
          • Nutritional Supplements
          • Animal Feed
          • Food & Beverages
      • India
        • By Form:
          • Powder
          • Oil
        • By Application:
          • Infant Formula
          • Nutritional Supplements
          • Animal Feed
          • Food & Beverages
      • Japan
        • By Form:
          • Powder
          • Oil
        • By Application:
          • Infant Formula
          • Nutritional Supplements
          • Animal Feed
          • Food & Beverages
      • ASEAN
        • By Form:
          • Powder
          • Oil
        • By Application:
          • Infant Formula
          • Nutritional Supplements
          • Animal Feed
          • Food & Beverages
      • Australia
        • By Form:
          • Powder
          • Oil
        • By Application:
          • Infant Formula
          • Nutritional Supplements
          • Animal Feed
          • Food & Beverages
      • South Korea
        • By Form:
          • Powder
          • Oil
        • By Application:
          • Infant Formula
          • Nutritional Supplements
          • Animal Feed
          • Food & Beverages
      • Rest of Asia Pacific
        • By Form:
          • Powder
          • Oil
        • By Application:
          • Infant Formula
          • Nutritional Supplements
          • Animal Feed
          • Food & Beverages
    • Latin America
      • Brazil
        • By Form:
          • Powder
          • Oil
        • By Application:
          • Infant Formula
          • Nutritional Supplements
          • Animal Feed
          • Food & Beverages
      • Mexico
        • By Form:
          • Powder
          • Oil
        • By Application:
          • Infant Formula
          • Nutritional Supplements
          • Animal Feed
          • Food & Beverages
      • Rest of Latin America
        • By Form:
          • Powder
          • Oil
        • By Application:
          • Infant Formula
          • Nutritional Supplements
          • Animal Feed
          • Food & Beverages
    • Middle East
      • GCC
        • By Form:
          • Powder
          • Oil
        • By Application:
          • Infant Formula
          • Nutritional Supplements
          • Animal Feed
          • Food & Beverages
      • Israel
        • By Form:
          • Powder
          • Oil
        • By Application:
          • Infant Formula
          • Nutritional Supplements
          • Animal Feed
          • Food & Beverages
      • Rest of Middle East
        • By Form:
          • Powder
          • Oil
        • By Application:
          • Infant Formula
          • Nutritional Supplements
          • Animal Feed
          • Food & Beverages
  • Africa
      • North Africa
        • By Form:
          • Powder
          • Oil
        • By Application:
          • Infant Formula
          • Nutritional Supplements
          • Animal Feed
          • Food & Beverages
      • Central Africa
        • By Form:
          • Powder
          • Oil
        • By Application:
          • Infant Formula
          • Nutritional Supplements
          • Animal Feed
          • Food & Beverages
      • South Africa
        • By Form:
          • Powder
          • Oil
        • By Application:
          • Infant Formula
          • Nutritional Supplements
          • Animal Feed
          • Food & Beverages
  • Company Profiles
    • Koninklijke DSM N.V.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Cabio Bioengineering (Wuhan) Co., Ltd.
    • Corbion N.V.
    • Lonza Group
    • Algisys, LLC 
    • Cargill, Incorporated

“*” marked represents similar segmentation in other categories in the respective section.

 

 

 

 

 

 

 

Table of Contents

  1. Research Objective and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet By Form
      • Market Snippet By Application
      • Market Snippet By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Algal DHA and ARA Market, By Form, 2018- 2026 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, 2018 - 2026
      • Segment Trends
    • Powder
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Million)
    • Oil
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Million)
  5. Global Algal DHA and ARA Market, By Application, 2018- 2026 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, 2018 - 2026
      • Segment Trends
    • Infant Nutrition
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Million)
    • Nutritional Supplements
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Million)
    • Animal Feed
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Million)
    • Food and Beverages
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Million)
  6. Global Algal DHA and ARA Market, By Region, 2018- 2026 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, For Regions, 2018 - 2026
    • North America
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Form, 2018- 2026 (US$ Million)
          • Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Form, 2018- 2026 (US$ Million)
          • Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Form, 2018- 2026 (US$ Million)
          • Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Form, 2018- 2026 (US$ Million)
          • Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Form, 2018- 2026 (US$ Million)
          • Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
        • France
          • Country Trends
          • Market Size and Forecast, By Form, 2018- 2026 (US$ Million)
          • Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Form, 2018- 2026 (US$ Million)
          • Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Form, 2018- 2026 (US$ Million)
          • Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • China
          • Country Trends
          • Market Size and Forecast, By Form, 2018- 2026 (US$ Million)
          • Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
        • India
          • Country Trends
          • Market Size and Forecast, By Form, 2018- 2026 (US$ Million)
          • Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Form, 2018- 2026 (US$ Million)
          • Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Form, 2018- 2026 (US$ Million)
          • Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Form, 2018- 2026 (US$ Million)
          • Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Form, 2018- 2026 (US$ Million)
          • Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Form, 2018- 2026 (US$ Million)
          • Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Form, 2018- 2026 (US$ Million)
          • Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Form, 2018- 2026 (US$ Million)
          • Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Form, 2018- 2026 (US$ Million)
          • Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
    • Middle East
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • GCC
          • Country Trends
          • Market Size and Forecast, By Form, 2018- 2026 (US$ Million)
          • Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Form, 2018- 2026 (US$ Million)
          • Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Form, 2018- 2026 (US$ Million)
          • Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
    • Africa
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • Northern Africa
          • Country Trends
          • Market Size and Forecast, By Form, 2018- 2026 (US$ Million)
          • Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
        • Central Africa
          • Country Trends
          • Market Size and Forecast, By Form, 2018- 2026 (US$ Million)
          • Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Form, 2018- 2026 (US$ Million)
          • Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Koninklijke DSM N.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Cabio Bioengineering (Wuhan) Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Corbion N.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Lonza Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Algisys, LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Cargill, Incorporated
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 25 market data tables* and 17 figures* on "Algal DHA and ARA Market” - Global forecast to 2026.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.