The global Microalgae DHA market size is projected to reach USD 1.08 billion by 2029

Microalgae DHA Definition

DHA, Docosahexaenoic acid, with molecular formula C22H32O2, is a primary structural component of the human brain, cerebral cortex, skin, sperm, testicles and retina. DHA can help lowering lipid, lowering blood pressure, anti-inflammatory, enhancing the activity of brain cells, improving eyesight and other effects. DHA is a kind of both Omega-3 essential fatty acids, which is rich in fish oil and microalgae.

Microalgae DHA Picture

Microalgae DHA Market Summary

According to the new market research report “Global Microalgae DHA Market Report 2023-2029”, published by GlobalInfoResearch, the global Microalgae DHA market size is projected to reach USD 1.08 billion by 2029, at a CAGR of 11.6% during the forecast period.

• Global Microalgae DHA MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global Microalgae DHA Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

Market Drivers:

The nutrient industry has entered a period of rapid development. Nutrients refer to the chemical components in food that can provide the human body with energy, body composition tissue repair, and physiological adjustment functions. All kinds of substances that can maintain human health and provide growth, development, and labor are called nutrients. Modern medical research shows that the human body needs no less than 100 kinds of nutrients, some of which can be synthesized and manufactured by itself. Still, there are about 40 kinds of nutrients that cannot be synthesized or manufactured by themselves and must be ingested by the outside world. After fine division, seven major nutrients can be summarized: protein, fat, sugar, inorganic salts (minerals), vitamins, water, and cellulose 7 categories. In recent years, global consumers have also undergone fundamental changes in the consumption concept and consumption willingness of health food, and these factors will promote the growth of the overall market size of global health products, including Microalgae DHA.

There is a lot of room for growth. Many studies have confirmed that the intake of Omega 3 fatty acids by pregnant women has a positive impact on infant birth weight, gestational time, visual and cognitive development, and fetal-related health, especially DHA is essential for fetal growth and development, With the advancement of modern biotechnology, the quality and price of algal oil DHA are recognized and accepted by more and more consumers, and the market size is proliferating.

Restraint:

Production Costs: The production of microalgae DHA can involve intricate cultivation processes, including the use of specific growth conditions and technologies. The costs associated with these processes, such as nutrient requirements, lighting, and harvesting methods, may contribute to relatively high production costs compared to other sources of DHA.

Scale-up Challenges: Scaling up microalgae DHA production to meet increasing demand can be challenging. Achieving consistent quality and yield on a large scale while maintaining cost-effectiveness requires overcoming technical and engineering challenges associated with upscaling production facilities.

Market Price Sensitivity: The market for DHA, including microalgae-derived DHA, is often sensitive to price fluctuations. Competitive pricing is essential for market acceptance, and any challenges in maintaining competitive prices may impact the adoption of microalgae DHA in various applications.

Technological and Regulatory Uncertainties: Ongoing research and development in microalgae cultivation and extraction technologies may lead to uncertainties in the commercial landscape. Additionally, evolving regulatory requirements for nutritional supplements and functional foods could pose challenges for market participants.

• Global Microalgae DHA Top15 Players Rankingand Market Share（Continually updated）

Source: GlobalInfoResearch, “Global Microalgae DHA Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

The global key manufacturers of Microalgae DHA include DSM, Corbion, Roquette, Runke, Huison, ADM, Mara Renewables, Cabio, Solutex, Fermentalg, etc. In 2022, the global top five players had a share approximately 73.0% in terms of revenue.

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