Algal Oil Market
Algal Oil Market Study by Food, Feed, and Fuel Grade for F&B, Personal Care & Cosmetics, Pharmaceuticals, Animal Feed, Nutraceuticals, and Biofuel from 2024 to 2034
Analysis of Algal Oil Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Algal Oil Market Outlook (2024 to 2034)
The global algal oil market is projected to generate a revenue of US$ 2.35 billion in 2024 and climb to a value of US$ 3.72 billion by the end of 2034. The market has been forecasted to expand at 4.7% CAGR from 2024 to 2034.
The algal oil market size is expanding steadily due to its versatility and advantages over traditional sources of omega-3 fatty acids. Demand for algal oil is increasing from various industries such as food & beverages, personal care & cosmetics, nutraceuticals, biofuels, and several others. Algal oil is a plant-based source of omega-3 fatty acids, which attracts vegetarians and vegans. It is thus being widely used to fortify products such as beverages and dairy alternatives with plant-based alternatives to animal-derived nutrients.
Governments in several countries are taking initiatives such as increasing research & development activities in renewable energy sources, including algae biofuels. This is positively impacting algal oil demand growth as it is gaining popularity as a replacement for conventional fossil fuel-based oils.
Key Market Growth Drivers
- Algal oil is gaining popularity among vegan and vegetarian consumers since it is a plant-based source of fatty acids, which is an essential nutrient for the human body.
- Algal oil market growth is being driven by its increasing application in the nutraceutical industry, in products such as dietary supplements due to its health benefits.
- Demand for algal oil as a biofuel feedstock is increasing due to several countries trying to reduce their carbon emissions and focus on using renewable energy resources.
- One of the key algal oil market trends opening up new opportunities is the growing focus on improving the scalability and efficiency of algal oil production and making the process more budget-friendly.
- Utilization of algal oil is rising in the pharmaceutical industry due to its use in producing DHA-based capsules. This application is being boosted by the rising prevalence of macular degeneration, which is an age-based vision loss disorder.
- Algal oil is also widely used in the personal care & cosmetic industry to manufacture products such as moisturizers, shampoos, skin creams, serums, and many others.
- In the specialty chemical industry, algal oil has become an essential component in products such as paints, coatings, adhesives, and others.
| Report Attribute | Detail |
|---|---|
| Algal Oil Market Size (2024E) | US$ 2.35 Billion |
| Forecasted Market Value (2034F) | US$ 3.72 Billion |
| Global Market Growth Rate (2024 to 2034) | 4.7% CAGR |
| North America Market Value (2024E) | US$ 557.5 Million |
| East Asia Market Growth Rate (2024 to 2034) | 5% CAGR |
| Fuel Grade Segment Value (2034F) | US$ 2.56 Billion |
| Organic Segment Value (2034F) | US$ 2.28 Billion |
| Key Companies Profiled | AlgiSys LLC; Progress Biotech; Polaris; Inlife Care; Archer Daniels Midland Company (ADM); Algalr NutraPharms Pvt. Ltd.; Royal DSM; Bioriginal Food & Science Corp.; Vegan Vitality; Mara Corporation. |
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Will the Personal Care & Cosmetics Industry Provide Growth Opportunities to Algal Oil Manufacturers?
“Algal Oil Comes With Moisturizing and Anti-Inflammatory Properties”
Use of algal oil is increasing in the production of personal care & cosmetic products due to beneficial factors such as it being rich in omega-3 fatty acids, which provide moisturizing and anti-inflammatory properties. Because of these advantages, it is becoming a preferred choice, particularly for skincare products. Algal oil is famous for its high antioxidant content, which helps in protecting the skin from environmental damage and premature aging.
Additionally, it is known to be non-comedogenic, meaning it does not clog pores, which makes it suitable for various skin types including oily and acne-prone skin. Because of such advantages, personal care and cosmetics manufacturers are widely using algal oil in their products, which is contributing to global algal oil market expansion.
What is a Key Concern in the Market for Algal Oil?
“High Cost Compared to Most Fish Oils”
In comparison with fish oils, algal oil is usually higher in price, which is becoming a key challenge for algal oil manufacturers and suppliers. Modern machinery is needed to extract oil from algae, and a research and development team oversees every step of the process from cultivating the algae to extracting the oil to ensure optimal results.
To produce algal oil, companies also need to search the entire globe for standardized, high-quality strains of algae. This cumulative process of producing algal oil requires a substantial financial outlay and experts with in-depth knowledge of premium algae, which drives up production costs and limits market expansion.
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Country-wise Insights
The North American region is expected to lead with 23.7% of the global algal oil market share in 2024. The growing use of algal oil in various industries such as food & beverages, biofuels, and pharmaceuticals is driving market growth in the region. Growing emphasis on the commercialization of algal oil due to its potential as a renewable and eco-friendly alternative to various traditional oil sources in East Asian countries such as China, Japan, and South Korea is creating new opportunities for producers.
Why is Demand for Algal Oil on the Higher Side in the United States?
“Growing Utilization in Pharmaceuticals and Nutraceuticals”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 247 Million |
| Growth Rate (2024 to 2034) | 5.1% CAGR |
| Projected Value (2034F) | US$ 407.4 Million |
Established, sizeable industries in the United States such as pharmaceuticals and nutraceuticals are boosting the demand for algal oil. The use of algal oil is rising in these industries due to its various health and environmental advantages. Algal oil is rich in omega-3 fatty acids, particularly DHA and EPA, which are known for their cognitive benefits and heart health.
Growing trend of veganism in the United States is driving the utilization of algal oil in these applications as an alternative to fish oil. Additionally, algal oil is considered to be more environment-friendly compared to fish oil as it does not lead to overfishing or disrupt marine ecosystems.
What is the Market Scenario for Algal Oil in South Korea?
“Algae Oil-Based Personal Care Products Gaining Popularity”
| Attribute | South Korea |
|---|---|
| Market Value (2024E) | US$ 118 Million |
| Growth Rate (2024 to 2034) | 5.4% CAGR |
| Projected Value (2034F) | US$ 200.4 Million |
Sales of algal oil are increasing in South Korea due to its well-established personal care industry, which is popular across the globe. Algal oil is considered good for the skin; it helps to soften the skin and holds anti-aging properties. It also supplies energy to skin cells, as it holds substances such as amino acids, mineral salts, vitamins, and useful trace elements, due to which its utilization is increasing in personal care products. Algal oil-based personal care is particularly gaining popularity among women, as it helps with skin aging-related issues.
Category-wise Insights
Based on application, the market is segmented into food & beverages, personal care & cosmetics, pharmaceuticals, animal feed, nutraceuticals, and biofuel. The food & beverages segment holds a significant market share due to the increasing efforts of F&B manufacturers to fortify their products with health-improving components.
Which Grade of Algal Oil Accounts for Significant Market Share?
“Fuel Grade Algal Oil Sustainable and Renewable Substitute to Fossil Fuels”
| Attribute | Fuel Grade |
|---|---|
| Segment Value (2024E) | US$ 1.62 Billion |
| Growth Rate (2024 to 2034) | 4.7% CAGR |
| Projected Value (2034F) | US$ 2.56 Billion |
Fuel grade algal oil is projected to account for 68.8% of the worldwide market in 2024. Demand for fuel grade algal oil is increasing due to it being considered a sustainable and renewable alternative to fossil-based oil. Concerns regarding food security are also allayed by the fact that the production of algal oil does not compete with food crops for arable land. Algal oil also lowers greenhouse gas emissions when compared to conventional fossil fuels.
Fuel grade algal oil consumption is predicted to increase further as the world looks to lessen its reliance on non-renewable energy sources. Also, continued research & development in this area is resulting in more economical and efficient manufacturing techniques, which is increasing demand for this exciting alternative fuel.
Why is Consumption of Organic Algal Oil Higher Compared to Conventional Variants?
“Consumers and End-Use Industries Alike Preferring Organic Ingredients”
| Attribute | Organic Oil |
|---|---|
| Segment Value (2024E) | US$ 1.45 Billion |
| Growth Rate (2024 to 2034) | 4.6% CAGR |
| Projected Value (2034F) | US$ 2.28 Billion |
Demand for organic algal oil is higher and also increasing at a better pace in comparison with the conventional segment. Organic products are produced through high-quality and pure algae and processes that do not use any synthetic pesticides, genetically modified organisms, or herbicides. They are thus considered an environmentally friendly solution. Because of this reason, organic algal oil is a popular choice among industries as well as consumers.
People are getting drawn to organic algal oil due to its high fatty acid content and various health benefits such as heart health and anti-inflammatory properties.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
Key players in the algal oil industry are using various approaches and primarily focusing on selecting high-yield algal strains and enhancing cultivation methods to increase the efficiency of oil production. Companies are spreading into different domains by launching products using algal oil such as dietary supplements, food additives, and biofuels.
- In February 2024, at the Natural Products Expo West event in Anaheim, California, GC Rieber VivoMega announced the debut of their premium VivoMega EPA+DHA Algae 2050 TGP Oils for the North American market.
- In May 2022, at the Vitafoods Expo-2022 in Geneva, Progress Biotech debuted its newest product, high-DHA algal oil with EU Organic Certification. Producing a complete line of DHA algal oil products, the company aims to rival existing omega-3 supplements in terms of stability and sensory qualities.
- In October 2023, Nordic Naturals, a leading provider of omega-3 supplements, introduced its new vegetarian Algal Omega brand in response to consumer demand for products that provide long-chain omega-3 fatty acids EPA and DHA without the use of fish.
Fact.MR provides detailed information about the price points of key manufacturers of algal oil positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.
Segmentation of Algal Oil Market Research
-
By Grade :
- Food
- Feed
- Fuel
-
By Nature :
- Organic
- Conventional
-
By Application :
- Food & Beverages
- Personal Care & Cosmetics
- Pharmaceuticals
- Animal Feed
- Nutraceuticals
- Biofuel
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Grade 6.2. Nature 6.3. Application 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Grade 7.1. Food 7.2. Feed 7.3. Fuel 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Nature 8.1. Organic 8.2. Conventional 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application 9.1. Food & Beverages 9.2. Personal Care & Cosmetics 9.3. Pharmaceuticals 9.4. Animal Feed 9.5. Nutraceuticals 9.6. Biofuel A 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. East Asia 10.6. South Asia & Pacific 10.7. Middle East & Africa 11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Sales Forecast 2024 to 2034 by Grade, Nature, Application, and Region for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. AlgiSys LLC 20.2. Progress Biotech 20.3. Polaris 20.4. Inlife Care 20.5. Archer Daniels Midland Company (ADM) 20.6. Algalr NutraPharms Pvt. Ltd. 20.7. Royal DSM 20.8. Bioriginal Food & Science Corp. 20.9. Vegan Vitality 20.10. Mara Corporation 21. Assumptions and Acronyms Graded 22. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 28: Latin America Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 29: Latin America Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 37: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Western Europe Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 41: Western Europe Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 42: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 43: Western Europe Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 44: Western Europe Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 45: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 46: Western Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 47: Western Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 48: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 49: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 50: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 51: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 52: Eastern Europe Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 53: Eastern Europe Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 54: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 55: Eastern Europe Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 56: Eastern Europe Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 57: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 58: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 59: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 60: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 61: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 62: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: East Asia Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 65: East Asia Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 66: East Asia Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 67: East Asia Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 68: East Asia Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 69: East Asia Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 70: East Asia Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 71: East Asia Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 72: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 73: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 74: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 75: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 76: South Asia & Pacific Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 77: South Asia & Pacific Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 78: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 79: South Asia & Pacific Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 80: South Asia & Pacific Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 81: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 82: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 83: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 84: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 85: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 86: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 87: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 88: MEA Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 89: MEA Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 90: MEA Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 91: MEA Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 92: MEA Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 93: MEA Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 94: MEA Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 95: MEA Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 96: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Application, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 20: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 21: North America Market Share Analysis by Country, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 36: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 37: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 40: Latin America Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 41: Latin America Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 42: Latin America Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 43: Latin America Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 49: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 50: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 51: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 52: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 53: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 54: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 55: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 56: Western Europe Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 57: Western Europe Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 58: Western Europe Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 59: Western Europe Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 60: Western Europe Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 61: Western Europe Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 62: Western Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 63: Western Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 64: Western Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 66: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 70: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 71: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: Eastern Europe Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 74: Eastern Europe Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 75: Eastern Europe Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 76: Eastern Europe Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 77: Eastern Europe Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 78: Eastern Europe Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 79: Eastern Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 80: Eastern Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 81: Eastern Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 82: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 83: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 84: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 85: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 86: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 87: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 88: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 89: East Asia Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 90: East Asia Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 91: East Asia Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 92: East Asia Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 93: East Asia Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 94: East Asia Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 95: East Asia Market Share and BPS Analysis by Application, 2024 & 2034
Figure 96: East Asia Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 97: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 98: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 99: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 100: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 101: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 102: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 103: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 104: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 105: South Asia & Pacific Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 106: South Asia & Pacific Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 107: South Asia & Pacific Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 108: South Asia & Pacific Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 109: South Asia & Pacific Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 110: South Asia & Pacific Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 111: South Asia & Pacific Market Share and BPS Analysis by Application, 2024 & 2034
Figure 112: South Asia & Pacific Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 113: South Asia & Pacific Market Attractiveness Analysis by Application, 2024 to 2034
Figure 114: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 115: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 116: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 117: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 118: MEA Market Share Analysis by Country, 2024 & 2034
Figure 119: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 120: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 121: MEA Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 122: MEA Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 123: MEA Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 124: MEA Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 125: MEA Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 126: MEA Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 127: MEA Market Share and BPS Analysis by Application, 2024 & 2034
Figure 128: MEA Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 129: MEA Market Attractiveness Analysis by Application, 2024 to 2034
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- FAQs -
How big is the algal oil market in 2024?
The global market for algal oil is forecasted to reach US$ 2.35 billion in 2024.
What is the market projection for algal oil over the decade?
Worldwide sales of algal oil are projected to reach US$ 3.72 billion by the end of 2034.
At what rate is the demand for algal oil projected to increase?
Demand for algal oil is estimated to rise at 4.7% CAGR between 2024 and 2034.
Who are the key manufacturers of algal oil?
Top companies producing algal oil are AlgiSys LLC, Progress Biotech, Inlife Care, Algalr NutraPharms Pvt. Ltd., and Royal DSM.
Which type of algal oil is set to lead the market?
Organic algal oil leads the market with 61.7% revenue share in 2024.
What is the projected market size in the East Asia region?
The market in East Asia is forecasted to reach a value of US$ 852.7 million by 2034.
At what rate is the demand for algal oil increasing in Japan?
Demand for algal oil in Japan is projected to rise at 5.2% CAGR through 2034.
Algal Oil Market