ALGAL DHA AND ARA MARKET ANALYSIS

Algal DHA and ARA Market, By Form (Oil and Powder), By Application (Infant Formula, Nutritional Supplements, Animal Feed, and Food & Beverages), and By Region (North America, Latin America, Asia Pacific, Europe, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Dec 2022
Code : CMI2346
Pages :115
Formats :
Excel and PDF
Industry : Food Ingredients

Market Challenges And Opportunities

Drivers

Algal DHA and ARA are gaining traction in the market owing to the various health benefits it offers. Consumption of DHA and ARA reduces aging and improves brain, gastrointestinal, and heart health. Therefore, health benefits offered by DHA- and ARA-based products are propelling demand for DHA and ARA enriched food and beverages all over the world, which in turn is driving growth of algal DHA and ARA in the food & beverages industry.

Market Restraints

Alternative sources of DHA and ARA include fungi, fish, eggs, dairy products, and fish oils. Majority of DHA products are consumed from such alternative sources (fish oils, fish, eggs, and meat) in North America. Thus, easy availability of alternative DHA sources will restrain growth of the algal DHA and ARA market, across the globe.