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Allied Market Research

Alage Oil Market Grade (Fuel Grade, Food Grade, Feed Grade) Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Pharmacy, Online Store) Application (Biofuel, Dietary Supplement, Food & Beverage, Animal Feed) : Global Opportunity Analysis and Industry Forecast, 2020-2027

A10008
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Jun 2021 | 258 Views
 
Author(s) : NA
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COVID-19

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Algae oil is directly extracted from algae, and is a major source of omega-3 fatty acids. Algae oil is harvested, extracted, and refined directly from marine algae rich in omega-3 fatty acids and DHA, offering several health benefits. The DHA present in the product represents more than 97% of omega-3 fatty acids in the cerebral cortex, human brain, and retina. Algae oil is primarily used as cooking oil in dietary supplements and animal feed. In addition, it is used in the energy sector, where it is used for biofuel production. Biofuel is widely used for its low carbon footprint, which means that algae oil consumption is growing considerably, contributing toward the growth of the market for algae oil.

Market scope and structure analysis

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast unit

  Value ($USD)

  Segments covered

  Grade, Application, Distribution Channel, and Region

  Regions covered

North America (U.S., Mexico and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and  Rest of Asia-Pacific), and LAMEA (Middle East, Brazil, and Rest of LAMEA)

  Companies covered

  • Cargill Alking Bio Engineering , Ranke Biological Company, Royal DSM, Luna Group LTD., Rishom International Group, and Hubei Fuxing Biotechnology

 

COVID-19 scenario analysis

The COVID-19 pandemic has not impacted the demand for algae oil, as it is rich in omega-3 fatty acid and exhibits several health benefits, which fuel its demand among a large consumer base. Moreover, it is widely used in the food &beverage industry, biofuel industry, infant formula, and dietary supplement. However, manufacturing activities have been halted, which is anticipated to affect the availability of algae oil for supply. In addition, the current trade disruption is anticipated to negatively impact the growth of the algae oil market.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Surge in demand for biofuels is expected to drive revenue growth of the global algae oil market during the forecast period, due to its lower carbon footprint. 

Moreover, increase in demand for algae oil in food & beverage industry is expanding the growth of algae oil market. In addition, increase in demand for dietary supplements, due to rise in health awareness and increased in consumer purchasing power is expected to support growth in the market for algae oil.

Humidity and temperature in algae growth are expected to be major factors in curtailing the algae oil market growth. High algae oil price acts as a key restraint that challenges the global oil market growth.

Health benefits related to algae oil 

Increase in consumption of healthy food & beverage products has led to rise in demand for algae oil. Algae oil is used in foodstuffs as cooking oil. The low saturated fat content has led to the use of algae oil as specialty oil. Owing to high nutrition, it is beneficial not only to humans but also to animals. Thus, algae oil is used to provide nutrition in animal feed. Moreover, this oil contains a high DHA and omega-3 content, which is normally present in fish oil. Owing to a large population turning vegan, alga has proven to be a better alternative for getting the nutrition needed.

High nutritional value coupled with various medical benefits, including improvement in memory & eyesight and reduction of cholesterol foster the scope of application of the product. Increase in preference for nutritional vegetable sources and rise in awareness of health are other aspects that promote growth in the industry.

Key segment covered

Segment

Subsegment

  Grade

  • Fuel Grade
  • Food Grade
  • Feed Grade

 

  Distribution Channel

  • Supermarkets & Hypermarkets
  • Specialty Stores
  • Pharmacy
  • Online Store

  Application

  • Biofuel
  • Dietary Supplement
  • Food & Beverage
  • Animal Feed

 

 

Key benefits of the report

  • This study presents the analytical depiction of the algae oil industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the algae oil market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global algae oil growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions answered in the global algae oil market research report:

  • Which are the leading players active in the global algae oil market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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