Docosahexaenoic acid (DHA) from algae is a polyunsaturated omega-3 fatty acid found in many types of marine life, including fish, algae, and krill. It is one of the most important components of brain, eye, and nervous system development, as well as being a major component of cell membranes. DHA from algae is a sustainable alternative to fish oil, as it is produced from algae in a lab, rather than from fish in the wild.
DHA from algae is used in a variety of products, including omega-3 supplements, infant formula, and foods such as cereal, yogurt, and margarine. It is also used in animal feed, cosmetics, and other products.
The global market for DHA from algae is expected to grow significantly in the coming years, as demand for omega-3 supplements and other products continues to rise. The market is expected to be driven by the increasing awareness of the importance of omega-3 fatty acids, as well as increasing demand from the food and beverage industry. In addition, the growing popularity of vegetarian and vegan diets is expected to boost the demand for DHA from algae.
The global DHA from Algae market was valued at US$ 436.4 million in 2022 and is anticipated to reach US$ 1012.7 million by 2029, witnessing a CAGR of 12.9% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global DHA from Algae Market available at: https://www.themarketreports.com/report/global-dha-from-algae-market-research-report
This report aims to provide a comprehensive presentation of the global market for DHA from Algae, 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 DHA from Algae.
Global core DHA from Algae manufacturers include DSM, Corbion, Roquette, Runke, ADM, etc. The top 1 company hold a share above 50%. North America is the largest market, with a market share above 35%. In terms of type, the market share of DHA powder is more than 65%. In the field of application, the market share of infant formula reaches more than 45%.
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