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Algae Oil Market Share

Report ID: GMI2222
Published Date: Oct 2023
Report Format: PDF

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Algae Oil Market Share

Some of the major market players operating in the Algae oil industry are:

Algaetech International Sdn Bhd
Corbion
Cellana
DIC Corporation
Sapphire Energy
TerraVia Holdings (formerly Solazyme)
Algix
Heliae Development LLC
Pond Technologies Inc.
Algenuity
Qualitas Health
Alltech
Algama
Enerkem
Triton Algae Innovations

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for algae oil value was around USD 4.9 billion in 2022 and is estimated to reach USD 8.6 billion by the end of 2032.

Dietary supplements held a dominant market share of around 40% in 2022 and is expected to grow at a lucrative pace through 2032 as consumers are increasingly focused on health and wellness, seeking natural and nutrient-rich sources for dietary supplements and functional foods.

U.S. market size for algae oil share was worth USD 1.1 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032 as the country places a strong emphasis on reducing greenhouse gas emissions and promoting renewable energy sources.

Algaetech International Sdn Bhd, Corbion, Cellana, DIC Corporation, Sapphire Energy, TerraVia Holdings (formerly Solazyme), Algix, Heliae Development LLC, Pond Technologies Inc., Algenuity, Qualitas Health, Alltech, Algama, Enerkem, Triton Algae Innovations among others.