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Global Algae Oil Market 2017-2021

Global Algae Oil Market 2017-2021

About Algae Oil

Algae oil is derived from algae, one type of microscopic plant found in various aquatic environments such as freshwater and marine. Algae oil is a vegetarian oil, and it contains omega-3 fatty acids and docosahexaenoic acid (DHA). It is popular as a vegetarian alternative to the fish oil. Because of the nutritional properties, it can be used in various applications like biofuel, animal feed, food and beverage, and others. Cooking oil, milk, sauces, and dressings are also fortified with algae oil.

Technavio’s analysts forecast the global algae oil market to grow at a CAGR of 3.92% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global algae oil market for 2017-2021. To calculate the market size, the report considers the sales of algae oil for various applications such as biofuel, animal feed, and other applications, including food and beverage, cosmetics and personal care products, and dietary supplements across the world.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Algae Oil Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Algae Floating Systems
  • Cellana
  • Henry Lamotte OILS
  • TerraVia Holdings
Other prominent vendors
  • Algaecytes
  • Archer Daniels Midland Company
  • Goerlich Pharma
  • Polaris
  • Renewable Algal Energy (RAE)
Market driver
  • Health benefits associated with algae oil
  • For a full, detailed list, view our report
Market challenge
  • Production challenges related to algae oil
  • For a full, detailed list, view our report
Market trend
  • Growing demand for naturally obtained health supplements
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Algae Oil Market 2017-2021

Technavio recognizes the following companies as the key players in the global algae oil market: Algae Floating Systems, Cellana, Henry Lamotte OILS, and TerraVia Holdings.

Other Prominent Vendors in the market are: Algaecytes, Archer Daniels Midland Company, Goerlich Pharma, Polaris, and Renewable Algal Energy (RAE).

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing demand for naturally obtained health supplements. As algae oil is a natural source of omega-3 fatty acids, antioxidants, and protein, it is being used in the manufacturing of supplements. The rising demand for naturally obtained supplements has impacted the demand for plant-based health supplements is expected to drive the growth of the global algae oil market.”

According to the report, one of the major drivers for this market is Health benefits associated with algae oil. Algae oil is a natural source of omega-3 fatty acids, which is essential for the human body. Omega-3 fatty acids are known as anti-inflammatory agents that help to reduce blood clots in the body. Algae oil contains DHA that accounts around 96.94% of the omega-3 fats in the brain. The oil derived from algae is sustainable and serves as a vegetarian option.

Further, the report states that one of the major factors hindering the growth of this market is Production challenges related to algae oil. The production of algae oil involved certain challenging factors. The manufacturers of the global algae oil market are facing challenges to produce algae oil efficiently and economically. New production technologies are required to optimally culture new algae species and existing species in existing and new environments. To improve the production systems, innovative biological and engineering approaches are required. Optimal production efficiency is required for maximizing the profitability. The selection of the most cost-effective and feasible cultivation method is very crucial for algae oil manufacturers.

Companies Mentioned

Algae Floating Systems, Cellana, Henry Lamotte OILS, TerraVia Holdings, Algaecytes, Archer Daniels Midland Company, Goerlich Pharma, Polaris, and Renewable Algal Energy (RAE).

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Manufacturing of algae oil
  • Market landscape
    • Market overview
      • Table Global algae oil market: Overview
    • Market size and forecast
      • Table Global algae oil market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Table Global algae oil market by application 2016 and 2021 (% share of revenue)
    • Global algae oil market by biofuels
      • Table Global algae oil market by biofuels 2016-2021 ($ millions)
    • Global algae oil market by animal feed
      • Table Global algae oil market by animal feed 2016-2021 ($ millions)
    • Global algae oil market by other applications
      • Table Global algae oil market by other applications 2016-2021 ($ millions)
  • Geographical segmentation
    • Table Global algae oil market by geography 2016 and 2021 (% share of revenue)
    • Algae oil market in Americas
      • Table Algae oil market in Americas 2016-2021 ($ millions)
    • Algae oil market in EMEA
      • Table Algae oil market in EMEA 2016-2021 ($ millions)
    • Algae oil market in APAC
      • Table Algae oil market in APAC 2016-2021 ($ millions)
  • Key leading countries
    • US39
    • China
    • UK
    • Germany
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Oil yields (gallons/acre/year)
      • Table Carbon footprint of various oils (kg CO eq/kg oil)
    • Market challenges
  • Market trends
    • Growing demand for naturally obtained health supplements
    • Increasing technological advances for algae oil production and harvesting
    • Growing use of algae oil in personal care products
  • Competitor analysis
    • Competitive scenario
    • Competitive positioning assessment
      • Table Competitive positioning matrix for algae oil manufacturers 2016
    • Algae Floating Systems
      • Table Algae Floating Systems: End-user applications of algae oil
    • Cellana
      • Table Cellana: End-user applications of algae oil
    • Henry Lamotte OILS
      • Table Henry Lamotte OILS: End-user applications of algae oil
    • TerraVia Holdings
      • Table TerraVia Holdings: End-user applications of algae oil
    • Other prominent market players
      • Table Other prominent market players
  • Appendix
    • List of abbreviations58
  • Explore Technavio

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