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Global Algae Oil Market: By Grade Type: Food, Fuel, and Feed Grade; By Distribution Channel; By Application: Food and Beverage, Animal Feed, Personal Care, Dietary Supplements, Pharmaceuticals, Biofuel, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Global Algae Oil Market Outlook

The global algae oil market is expected to grow at a CAGR of 4.3% in the forecast period of 2021-2026 to reach a value of USD 2.25 billion by 2026.

 

Algae Oil Market

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Food and Beverage Sector to Aid the Growth of the Algae Oil Industry

Based on application, the food and beverages segment accounts for a significant share in the industry. The growth can be attributed to the rising health awareness and the growing demand for food products rich in omega-3 fatty acids and DHA (docosahexaenoic acid). Moreover, the growing preference for plant-based health supplements has significantly boosted the demand for algae oil. Over the forecast period, the biofuel segment is expected to witness a robust growth and aid the overall industry.

 

North America to be a Significant Region in the Global Market for Algae Oil

Region-wise, North America accounted for a significant share in the industry in 2020. The growth can be attributed to the increasing utilisation of fuel grade algae oil in the region. Within North America, the United States is the major consumer of the product. Meanwhile, the Asia Pacific is expected to witness a robust growth in the forecast period owing to the development of various application sectors like personal care, dietary supplements, and pharmaceuticals.

 

Algae Oil Market by Application

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Algae Oil: Industry Definition and Segmentation

Algae oil refers to the oil which is directly extracted from algae and is rich is omega-3 fatty acids and DHA (docosahexaenoic acid). Omega-3 oils are essential fatty acids, which provide various health benefits, including the good health of the cardiovascular system, eye, and brain. For this reason, omega-3 oils are widely used in various applications, such as dietary supplements, infant nutrition, pharmaceuticals, and others. The product is gaining popularity among vegans as a rich source of long-chain omega-3 fatty acids (EPA and DHA).

The various grade types of algae oil include:

  • Food Grade
  • Fuel Grade
  • Feed Grade

On the basis of application, the industry can be divided into:

  • Food and Beverage
  • Animal Feed
  • Personal Care
  • Dietary Supplements
  • Pharmaceuticals
  • Biofuel
  • Others

Based on distribution channel, the industry can be segmented into:

  • Supermarkets and Hypermarkets 
  • Convenience Stores 
  • Specialty Stores 
  • Online 
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Algae Oil Market by Region

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Rising Environmental Concerns and Growing Demand for Renewable Fuel to Boost the Demand for Algae Oil

The rising environmental concerns and the depleting natural resources are driving the demand for renewable fuel sources. Algae oil is being increasingly adopted in the energy sector to produce biofuel, which is known for its low carbon footprint. Biofuel serves as a renewable alternative to fossil fuel and can be used for applications like blending biodiesel, gasoline, and jet fuel, among others. It is an environmentally friendly and low sulphur-emitting fuel. Moreover, the implementation of stringent government regulations to reduce carbon footprint in the environment and promote sustainable development goals are expected to significantly contribute to the industry growth. In the food industry, algae oil serves as a vegan and gluten free alternative to fish oil. Various other applications of algae oil are under the research phase, including its use in the production of synthetic polymers, which is expected to have a positive effect on the expansion of the market.

 

Key Industry Players in the Global Algae Oil Market

The report gives a detailed analysis of the following key players in the global algae oil market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Koninklijke DSM N.V.
  • Cellana Inc.
  • Henry Lamotte Oils GmbH
  • Alltech Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Algae Oil Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Algae Oil Historical Market (2016-2020) 
    8.3    Global Algae Oil Market Forecast (2021-2026)
    8.4    Global Algae Oil Market by Grade Type
        8.4.1    Food Grade 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Fuel Grade
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Feed Grade
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global Algae Oil Market by Distribution Channel
        8.5.1    Supermarkets and Hypermarkets
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Convenience Stores
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Specialty Stores
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Online
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Others
    8.6    Global Algae Oil Market by Application
        8.6.1    Food and Beverage
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Animal Feed
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Personal Care
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Dietary Supplements
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    Pharmaceuticals
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2016-2020)
            8.6.5.3    Forecast Trend (2021-2026)
        8.6.6    Biofuel
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2016-2020)
            8.6.6.3    Forecast Trend (2021-2026)
        8.6.7    Others
    8.7    Global Algae Oil Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
    12.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
13    Competitive Landscape
    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Koninklijke DSM N.V.
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Cellana Inc.  
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Henry Lamotte Oils GmbH
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Alltech Inc.
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Others
14    Industry Events and Developments

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operations Involved
2    Project Requirements and Cost Analysis
    2.1    Land, Location, and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Raw Materials
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investments

 

List of Figures and Tables

1.    Global Algae Oil Market: Key Industry Highlights, 2016 and 2026
2.    Global Algae Oil Historical Market: Breakup by Grade Type (USD Billion), 2016-2020
3.    Global Algae Oil Market Forecast: Breakup by Grade Type (USD Billion), 2021-2026
4.    Global Algae Oil Historical Market: Breakup by Distribution Channel (USD Billion), 2016-2020
5.    Global Algae Oil Market Forecast: Breakup by Distribution Channel (USD Billion), 2021-2026
6.    Global Algae Oil Historical Market: Breakup by Application (USD Billion), 2016-2020
7.    Global Algae Oil Market Forecast: Breakup by Application (USD Billion), 2021-2026
8.    Global Algae Oil Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Algae Oil Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Algae Oil Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Algae Oil Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Algae Oil Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Algae Oil Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Algae Oil Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Algae Oil Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Algae Oil Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Algae Oil Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Algae Oil Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Algae Oil Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    North America Historical Price Trends and Forecast 2016-2026
21.    Europe Historical Price Trends and Forecast 2016-2026
22.    Asia Pacific Historical Price Trends and Forecast 2016-2026
23.    Latin America Historical Price Trends and Forecast 2016-2026
24.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
25.    Global Algae Oil Market Structure

Key Questions Answered in the Report

What is the growth rate of the global algae oil market?

The global algae oil market is projected to grow at a CAGR of 4.3% between 2021 and 2026.

What is the forecast outlook of the market for 2021-2026?

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 2.25 billion by 2026.

What are the major industry drivers?

The major drivers of the industry, such as the thriving food and beverages sector, rising disposable incomes, increasing population, rising health awareness, and growing demand for dietary supplements and vegan products, are expected to aid the market growth.

What are the key industry trends of the global algae oil market?

The key market trends guiding the growth of the industry include the growing applications of algae oil in the preparation of biofuel, favourable government initiatives, and increasing R&D activities.

What are the major regional markets of algae oil, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading grade types of algae oil in the market?

The leading grade types of algae oil in the market are food grade, fuel grade, and feed grade.

What are the significant application segments in the industry?

The significant application segments in the industry are food and beverage, animal feed, personal care, dietary supplements, pharmaceuticals, and biofuel, among others.

What are the major distribution channels in the market?

The major distribution channels in the market are supermarkets and hypermarkets, convenience stores, specialty stores, and online, among others.

Who are the key industry players, according to the report?

The major players in the industry are Koninklijke DSM N.V., Cellana Inc., Henry Lamotte Oils GmbH, and Alltech Inc., among others.

Analyst Review

The global algae oil market is being driven by rising demand from the food and beverage industry. Aided by the rising R&D activities, the market is expected to witness a moderate growth in the forecast period of 2021-2026, growing at a CAGR of 4.3%. The market is projected to reach USD 2.25 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on grade type, the market is divided into food grade, fuel grade, and feed grade. By application, the industry is segmented into food and beverage, animal feed, personal care, dietary supplements, pharmaceuticals, and biofuel, among others. On the basis of distribution channel, the market is categorised into supermarkets and hypermarkets, convenience stores, specialty stores, and online, among others. The major regional markets for algae oil are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Koninklijke DSM N.V., Cellana Inc., Henry Lamotte Oils GmbH, and Alltech Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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