Algae Market Trends and analysis

1. The Global Algae Oil Market is predicted to expand at a CAGR of 6.2% and reach US$ 243.8 Mn by 2032.Algae oil is rich in Omega 3 fatty acids and DHA (docosahexaenoic acid). It is synthesized directly from algae and hence the terminology algae oil. Marine algae is harvested to obtain this product, which is extracted and then refined, ready for use. The DHA present in algae oil accounts for 97 percent of Omega 3 in the human brain, retina and cerebral cortex. It can be called as a rich vegetable source of DHA and Omega 3 which has several health benefits. It is also added in food items, supplements and beverages. Global Algae oil market is influenced by several parameters. The major factors driving the growth of the global algae oil market are its increasing use in the food and beverage industry owing to health benefits associated with the healthy composition of algae oil which involves high phycocyanin, proteins and antioxidants apart from DHA and Omega 3.As per detailed industry anaslysis by Persistence Market Research Algae oil is also used as specialty oil due to its low saturated fat content. Algae oil provides high nutrition and health benefits such as it helps in cholesterol reduction, improves eyesight and memory. Rising health awareness and increasing preference to nutritional vegetable sources is another aspect favoring the growth of the global algae oil market.

2. Request for a Report @https://www.persistencemarketresearch.com/market- research/algae-oil-market.asp Algae oil is also used in energy sector, where it is used to produce biofuel. Biofuel is widely used today for its low carbon footprint, and hence consumption of algae oil is increasing considerably in the respect which contributes to the growth of the global algae oil market. However, higher pricing of algae oil is a leg puller which challenges the growth of the global algae oil market. Key Takeaways from Market Study The market for algal oil is anticipated to expand at CAGRs of 5.4% and 7.9% in East Asia and South Asia & Pacific, respectively, through 2032. Market shares of the Middle East and Africa and East Asia are 25.3% and 5.7%, respectively, in 2022. The Latin America algal oil market is expected to reach 4,368 tons by the end of 2032. Fuel-grade sales of algal oil are increasing as the biofuel sector grows at a healthy rate. Fuel-grade sales in North America and Europe have a market share of 57.5% and 56.9%, respectively, in 2022.

3. Growing popularity of café and coffee culture is driving demand for algal oil in coffee shops in the developing markets of South Asian & Pacific countries. Shifting consumer preferences toward clean-label products are driving market growth in South Asia & Pacific. The Europe organic algal oil market is expected to expand at a CAGR of 5.7% between 2022 and 2032. Competitive Landscape Manufacturers of algal oil are focused on increasing their organic product offerings through collaborations and sponsoring partnerships. Companies are providing essential equipment and helping market players produce high quantities of organic algal oil. In March 2022, Cargill Inc. added algae-derived omega 3 as a part of the oil mix in all fish feed to its portfolio. In April 2021, Royal DSM expanded its product portfolio of the algal omega-3 range. The company is planning to create an omega-3 alternative fish oil that includes life’s DHA and life’s OMEGA. About Persistence Market Research:

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