Global Algae Oil Market by Application (Biofuel, Animal Feed, F&B, Dietary Supplement), by Grade (Feed, Fuel, Food) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Alga oil's global market value was USD 1.38 billion in 2015. It is expected to grow at 4.3% CAGR over the forecast period due to increased biofuel application and its lower carbon footprint. Alga oil is a viable investment option as it provides a solution to depleting fossil fuels.

U.S. Alga Oil Market Revenue, Application, 2014-2025 (USD Million).

Due to its increased use of omega-3 fatty acid, phycocyanin and antioxidants, as well as proteins and other nutrients, the market demand for food & beverages and dietary supplements has been increasing. The demand for plant-based supplements has increased due to the rising popularity of natural products within the dietary supplement industry. This is expected to drive market growth in the next nine years. Because it is low in saturated and trans fats, it can be used as a specialty oil in the food sector. This makes it a healthier choice. It is expected that the industry will benefit from the expansion of applications in North America and Europe.

According to estimates, biofuel is the most popular application segment. It is expected to grow in importance due its increasing use as a sustainable fuel. Biofuel is being increasingly used as an alternative fuel for blending biodiesel with gasoline and jet fuel. Because it is an environmentally-friendly and low-sulfur-emitting fuel, it makes a great investment choice for countries that don't produce oil. Market demand will rise over the next nine year due to the emergence of alternative fuel sectors across all geographies.

Algae oil has a higher nutritional value than grain feed because it contains HTML3_ omega-3 HTML3_. This is driving the demand for animal feed. Algae cultivation is more efficient than using land crops for animal feed. It also requires less water and land. The market for algae oil will be driven by rising animal feed consumption between 2015 and 2025.

Industry growth will be limited by the need for specific temperature and humidity conditions, as well as other parameters for cultivation and harvesting. This is in addition to the high price of this product. The industry's growth may be impeded by the large area needed to produce algae in the future.

Application insights

Animal feed was the second most important application segment, accounting for more than 27% of global volume in 2015. Over the next nine-years, animal feed will see a rise in demand due to its primary ingredient of algae oil, which is micronutrients.

2015 was a record year for food & beverages. It can also be used to produce various types of edible oils. Market growth is expected to be accelerated by an increase in food industry growth and better health.

Global algae oil market volume, by grade, 2015

Global revenue share was more than 60% in 2015 for the biofuel and dietary supplement applications. These applications are in high demand due to environmental benefits and rich sources of omega-3.

Grade insights

In 2015, the fuel grade segment was worth USD 779.2 millions. It is expected to grow at a 4.5% CAGR over the next nine year. Fuel grade accounted for 57% of global market volume in 2015. It is used to make biofuel, including biodiesel and jet fuel.

The product has many environmental benefits, including a lower carbon footprint and less greenhouse gas emissions. It also emits less carbon dioxide. Different grades of algae oil will see significant growth in the future.

Regional Insights

Due to rising demand from biofuel applications, the U.S. accounted in 2015 for more than 80% of North America's market volume. Over the next nine years, the industry will benefit from the innovative cultivation and harvesting technologies to produce high-quality algae oil to meet fuel industry requirements.

In 2015, the demand in Asia Pacific was worth more than USD 300 million. The growth of several application sectors, including food & drink, dietary supplement, animal feed, and biofuel, is responsible for this increase. Asia Pacific will continue to be the second largest market in the period 2016-2025.

Higher overall production capacity is expected to be a result of China's increasing demand due to its pollution control mandates. The market is expected to grow due to substantial demand from Asia Pacific's biofuel industry over the forecast period.

Market Share in Algae Oil

TerraVia Holdings, Inc, Diversified Energy Corporation, Algix, LLC, Cellana Inc are key players in this market. Producers have focused on the affordability of the products, the integrated supply chain, as well as product differentiation. Companies have invested in integrating the supply chains to retain market share and focus on sustainable growth.

Algix, LLC was given the task of cleaning the pond scum from 10,000 acres of catfish farms in October 2014. This work would be used to convert to biodegradable plastics. This was an opportunity for Algix to establish an algae treatment plant that produces approximately 200 million pounds bio-plastic resin.

Algae Oil Market Report Scope

The report covers segments

This report predicts revenue growth at the global, regional and country levels. It also provides analysis on the most recent trends and opportunities in each sub-segment from 2014 through 2025. Grand View Research has divided the market for algae oil on the basis grade, region, and application.

• Grade Outlook (Volume of Gallons; Revenues, USD Millions; 2014-2025)

  • Fuel Grade

  • Food Grade

  • Feed Grade

• Application Outlook (Volume of Gallons; Revenues, USD Million; 2014-2025)

  • Biofuel

  • Supplement for Diet

  • Food & Beverage

  • Animal Feed

• Regional Outlook (Volumes, Gallons, Revenues, USD Million; 2014-2025)

  • North America

    • U.S.

  • Europe

    • UK

    • Germany

  • Asia Pacific

    • China

    • India

  • South & Central America

    • Brazil

  • Middle East and Africa

These are the most frequently asked questions about this report

b. Global market for algae oil was valued at USD 1.63 billion in 2019, and is forecast to grow to USD 2.09 billion by 2020.

b. Global Alga Oil Market is expected to grow at a compound annual rate of 4.3% between 2019 and 2025, reaching USD 2.09 billion in 2025.

b. With a 51.5% share in 2019, fuel grade dominated the market for algae oil. This can be attributed to factors like environmental benefits and rich source of omega 3.

b. TerraVia Holdings, Inc, Diversified Energy Corporation, Algix, LLC, Cellana Inc. are some of the key players in the alg oil market.

b. b.

Up Market Research published a new report titled “Algae Oil Market research report which is segmented by Application (Biofuel, Animal Feed, F&B, Dietary Supplement), by Grade (Feed, Fuel, Food), By Players/Companies TerraVia Holdings, Diversified Energy Corporation, LLC, Cellana IncIntense competition has made producers focus on the affordable pricing structure, Inc, Algix, integrated supply chain, companies have been investing in integrating the supply chain to maintain market share along with a focus on sustainable growth, product quality differentiation Hence”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Algae Oil Market Report Segments:

The market is segmented by Application (Biofuel, Animal Feed, F&B, Dietary Supplement), by Grade (Feed, Fuel, Food).

Algae Oil Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Algae Oil Market

Overview of the regional outlook of the Algae Oil Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Algae Oil Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Algae Oil Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Biofuel

                2. Animal Feed

                3. F&B

                4. Dietary Supplement

                1. Feed

                2. Fuel

                3. Food

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Algae Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Algae Oil Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.