Press release
Global Algae Oil Market is Expected to grow at a CAGR of 3.92% during the period 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.
Technavios analysts forecast the global algae oil market to grow at a CAGR of 3.92% during the period 2017-2021.
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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.
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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?
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