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Algae Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global algae oil market reached a value of US$ 1.86 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.40 Billion by 2027, exhibiting at a CAGR of 4.32% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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, along with forecasts at the global, regional and country level from 2022-2027. 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).

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Grade, Distribution Channel, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global algae oil market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global algae oil market?
  • What are the key regional markets?
  • What is the breakup of the market based on the grade?
  • What is the breakup of the market based on the distribution channel?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global algae oil market and who are the key players?
  • What is the degree of competition in the industry?

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

List of Figures

Figure 1: Global: Algae Oil Market: Major Drivers and Challenges
Figure 2: Global: Algae Oil Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Algae Oil Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Algae Oil Market: Breakup by Grade (in %), 2021
Figure 5: Global: Algae Oil Market: Breakup by Distribution Channel (in %), 2021
Figure 6: Global: Algae Oil Market: Breakup by Application (in %), 2021
Figure 7: Global: Algae Oil Market: Breakup by Region (in %), 2021
Figure 8: Global: Algae Oil (Fuel Grade) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Algae Oil (Fuel Grade) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Algae Oil (Food Grade) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Algae Oil (Food Grade) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Algae Oil (Feed Grade) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Algae Oil (Feed Grade) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Algae Oil (Direct Sales) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Algae Oil (Direct Sales) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Algae Oil (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Algae Oil (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Algae Oil (Specialty Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Algae Oil (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Algae Oil (Pharmacy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Algae Oil (Pharmacy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Algae Oil (Online) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Algae Oil (Online) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Algae Oil (Biofuel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Algae Oil (Biofuel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Algae Oil (Dietary Supplement) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Algae Oil (Dietary Supplement) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Algae Oil (Food and Beverage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Algae Oil (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Algae Oil (Animal Feed) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Algae Oil (Animal Feed) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Algae Oil (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Algae Oil (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: North America: Algae Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: North America: Algae Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: United States: Algae Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: United States: Algae Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Canada: Algae Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Canada: Algae Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Asia-Pacific: Algae Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Asia-Pacific: Algae Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: China: Algae Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: China: Algae Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Japan: Algae Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Japan: Algae Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: India: Algae Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: India: Algae Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: South Korea: Algae Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: South Korea: Algae Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Australia: Algae Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Australia: Algae Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Indonesia: Algae Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Indonesia: Algae Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Others: Algae Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Others: Algae Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Europe: Algae Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Europe: Algae Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Germany: Algae Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Germany: Algae Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: France: Algae Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: France: Algae Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: United Kingdom: Algae Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: United Kingdom: Algae Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Italy: Algae Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Italy: Algae Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Spain: Algae Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Spain: Algae Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Russia: Algae Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Russia: Algae Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Algae Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Algae Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Latin America: Algae Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Latin America: Algae Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Brazil: Algae Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Brazil: Algae Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Mexico: Algae Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Mexico: Algae Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Others: Algae Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Others: Algae Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Middle East and Africa: Algae Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Middle East and Africa: Algae Oil Market: Breakup by Country (in %), 2021
Figure 82: Middle East and Africa: Algae Oil Market Forecast: Sales Value (in Million US$), 2022-2027
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

List of Tables

Table 1: Global: Algae Oil Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Algae Oil Market Forecast: Breakup by Grade (in Million US$), 2022-2027
Table 3: Global: Algae Oil Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 4: Global: Algae Oil Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Algae Oil Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Algae Oil Market: Competitive Structure
Table 7: Global: Algae Oil Market: Key Players

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