Microalgae DHA Market Market Growth 2023-2030

Oct 30, 2023

The global Microalgae DHA market was valued at US$ 483.59 million in 2022 and is anticipated to reach US$ 1,078.47 million by 2029, witnessing a CAGR of 11.65% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Microalgae DHA is a term used to describe docosahexaenoic acid, an omega-3 fatty acid that is commonly found in specific types of tiny algae. This nutrient-packed substance is well-known for its substantial health advantages, especially its positive influence on brain development, cognitive abilities, and overall heart health. People often use Microalgae DHA as a dietary supplement or an active component in various foods, drinks, and nutritional items. This offers a plant-based or vegetarian origin of this essential fatty acid. For those aiming to integrate omega-3s into their diet while bypassing traditional animal-based sources like fish oil, Microalgae DHA serves as a valuable alternative.
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North American market for Microalgae DHA is estimated to increase from $ 227.34 million in 2023 to reach $ 376.17 million by 2029, at a CAGR of 8.76% during the forecast period of 2023 through 2029.

Asia-Pacific market for Microalgae DHA is estimated to increase from $ 126.53 million in 2023 to reach $ 430.72 million by 2029, at a CAGR of 16.31% during the forecast period of 2023 through 2029.

The major global manufacturers of Microalgae DHA include: DSM, Roquette, Corbion, Huison, Runke, ADM, Mara Renewables, Cabio, and Solutex, etc. In 2022, the world's top three vendors accounted for approximately 64.69% of the revenue.
Report Scope

This report aims to provide a comprehensive presentation of the global market for Microalgae DHA, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Microalgae DHA.

The Microalgae DHA market size, estimations, and forecasts are provided in terms of sales volume (MT) and revenue ($ millions), considering 2021 as the base year, with history and forecast data for the period from 2017 to 2028. This report segments the global Microalgae DHA market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Microalgae DHA manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
By Company

DSM
Roquette
Corbion
Huison
Runke
ADM
Mara Renewables
Cabio
Solutex
Kingdomway
Fermentalg
JC Biotech
Keyuan
Bioplus Life Sciences
Fuxing

Segment by Type

DHA Powder
DHA Oil

Segment by Application

Infant Formula
Nutritional Supplements
Food & Beverage
Others

Consumption by Region

North America
U.S.
Canada

Asia-Pacific
China
Japan
Korea
Australia
New Zealand
India
Others

Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe

Latin America
Brazil
Mexico
Argentina
Colombia

Middle East and Africa
Saudi Arabia
UAE
Turkey

Key Trends:

Growing Demand for DHA in the Food and Beverage Sector: DHA, a crucial omega-3 fatty acid for human health, is becoming increasingly sought after. While it is commonly abundant in fish oil, microalgae can also yield DHA. This sustainable and eco-friendly source of DHA is propelling its popularity within the food and beverage industry. DHA finds its way into infant formula, yogurt, and dairy products, enhancing their nutritional content. Moreover, it contributes to functional foods like energy drinks and bars, benefiting cognitive function and heart health.

Increasing Awareness of DHA's Health Advantages: The recognition of DHA's health benefits is expanding, leading to a rising demand for microalgae DHA. DHA is pivotal for infant brain and nervous system development. Furthermore, it plays a vital role in maintaining heart health, cognitive abilities, and vision. As people become more cognizant of these advantages, the inclination to seek out products fortified with DHA grows.

Escalating Incomes in Developing Nations: The disposable incomes of individuals in developing countries are on the upswing, driving a surge in demand for premium goods, including microalgae DHA. In these regions, there is a mounting interest in enhancing health and well-being, with microalgae DHA viewed as a means to achieve this goal.

Advancements in Microalgae DHA Production Technologies: The advancement of novel technologies for microalgae DHA production is rendering it more cost-effective and accessible. This progress is fueling a broader consumer base's demand for microalgae DHA.

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