Global DHA Algae Oil for Infant Formula Market Size by Content (30%-40%, 40%-50%), By End-Use (0-3 Years Old, 3-6 Years Old), Industry Analysis Report, Regional Outlook, End-use Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Sep 2020  |  Report ID: GMI4832  |  Authors: Kunal Ahuja, Kritika Mamtani

Report Format: PDF   |   Pages: 200   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

New technology development will accelerate DHA Algae Oil for Infant Formula demand

Global DHA algae oil for infant formula market size exceeded USD 245 Million in 2019 and is estimated to grow over 8.5% CAGR between 2020 and 2026. Changing consumer lifestyles owing to rising urbanization and disposal income should trigger the industry growth.
 

DHA algae oil for infant formula market is segmented on the basis of DHA content into 30% - 40% and 40% - 50% content. 30% - 40% DHA content oil plays a vital role in healthy brain development & function and visual health. The retina has a high concentration of omega-3 fatty acids such as DHA, which ensures retinal integrity, visual function and enhances the fluidity of photoreceptor membranes.
 

DHA Algae Oil for Infant Formula Market

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40% -50% DHA algae oil is essential for the development of a healthy immune system by decreasing disease severity, improving antibody action, and reducing inflammation, which should boost its adoption in infant formula.
 

DHA algae oil for infant formula market is also segmented on the basis of intended age group of its end-products. Adequate DHA algae oil consumption is critical in the first two years of life which accounts for maximum brain growth in infants. The product is essential for optimal neuronal signaling, neuronal cell growth & differentiation and brain function.
 

The incorporation of membrane DHA in early stages of life primarily depend on dietary supply from breastfeeding, maternal transfer and Long chain polyunsaturated fatty acid (LC-PUFA) production. The accumulation of DHA in the brain occurs in the intrauterine & neonatal phase up to two years of age and these high levels of DHA are then maintained throughout life.
 

However, companies are investing in production capacity expansions and novel technological developments to improve their product portfolio. For instance, In September 2019, Polaris obtained European authorization for its latest ultra-purified,  super-concentrated algal Omega-3 oil. The product DHA content of 700 mg/g which is relatively higher than other triglyceride form DHA algal oil.
 

The COVID 19 pandemic has led to imposition of travel bans & shutdown of production units, offices & marketplaces by governments all over the globe, which has led to value chain disruptions. This has negatively affected raw materials supply for producing Algae DHA oil. This outbreak has led to lockdown of manufacturing plants across the globe which may decrease DHA algae oil for infant formula utilization.
 

Global DHA Algae Oil for Infant Formula Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 246.06 Million (USD)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 8.5% 2026 Value Projection: 437.37 Million (USD)
Pages: 200 Tables, Charts & Figures: 198
Geographies covered (22): U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Netherlands, China, Japan, India, South Korea, Australia, Thailand, Malaysia, Brazil, Argentina, Saudi Arabia, UAE, South Africa
Segments covered: Content, End use, Region
Companies covered (20): Nordic Naturals, Xiamen Huison Biotech Co., Ltd., Qingdao Keyuan Marine Biochemistry Co., Ltd., Kingdomway Nutrition, Inc., Hubei Fuxing Biotechnology Co., Ltd., Guangdong Runke Bio-Engineering Co., Ltd., Far East Microalgae Industries, Co., Ltd., JC Biotech Pvt. Ltd., Cellana, Lonza Group, Meteoric Biopharmaceutical, Goerlich Pharma GmbH, Algarithm, Polaris, Henry Lamotte OILS GmbH, Lyxia Corporation, Nutrex Hawaii Inc., Connoils, Archer Daniels Midland Company (ADM), Koninklijke DSM N.V.
Growth Drivers:
  • North America: Growing demand for breast milk substitutes
  • Europe: Favorable regulatory outlook
  • Asia Pacific: Significant expansion of the baby food industry
Pitfalls & Challenges:
  • Contradictory scientific evidence of DHA benefits in infants

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Persuading nutritional benefits offered by 40%-50% DHA content algae oil will boost market growth

  DHA Algae Oil for Infant Formula Market from 40%-50% DHA Content

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Global DHA algae oil for infant formula market from 40%-50% DHA content is estimated to witness significant gains over 7.5% through 2026. 40%-50% content DHA algae oil for infant formula market is likely to register significant rise in demand pertaining to its various benefits including easy absorbance, safety, high purity and cleanliness. The product comprises over 95% of the polyunsaturated fatty acids (PUFA) in the retina and about 50% by weight of the plasma membranes of neurons which makes its vital for healthy heart, vision and brain health.
 

Additionally, 40%-50% docosahexaenoic acid also supports healthy pregnancy cognitive development and functioning of infants. In addition to these, it also reduces inflammation in the joints and elsewhere in the body. Further, the growing pediatric nutrition  products is fueling the demand for 40%-50% docosahexaenoic acid (DHA) and attribute towards the market growth.
 

Increasing concerns for nutritious diet and good food habits may drive the DHA algae oil for infant formula market size. Growing demand for adequate amount of nutrition and proteins in regular diets along with economic and acceptable source of algae oil in human nutrition is supporting the DHA algae oil for infant formula market growth across the globe.
 

Rising birth rate worldwide will stimulate DHA algae oil for infant formula market growth

  DHA Algae Oil for Infant Formula Market from 0-3 Year Group

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Global DHA algae oil for infant formula market from 0-3 years age group is anticipated to reach over USD 420 million by 2026. Significant rise in birth rates and recommendations for adequate omega-3 fatty acids intake by health organizations should boost DHA algae oils market for 0 – 3 years old children.
 

The product plays a vital role in various physiological and cellular processes associated with growth during infancy. Omega-3 supplementation is widely recommended for nursing infants or toddlers whose mothers have not undergone testing to ensure adequate omega-3 levels.
 

On an average basis, 500 to 800 mg of docosahexaenoic acid is required daily for the healthy growth of babies between age of 0-3 years. This is because babies require adequate nutrition to support the important changes occurring during early development, pertaining to cognitive heath, immune system, metabolism and others for normal development during infancy and toddlerhood.
 

DHA algae oil is used in many of the end products such as cookies, condiments and flavored milk and milk products owing to its numerous health benefits. These listed factors are stipulated to the DHA algae oil for infant formula market share across the world and anticipated to remain significant over the forecast period. 
 

Growing woman working population in the region will stimulate product demand

DHA Algae Oil for Infant Formula Market by Region

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North America DHA algae oil for infant formula market is anticipated to experience appreciable gains over 3.5% through 2026. Significant rise in the female workforce, lack of awareness regarding the benefits of breastfeeding and growing perception that infant formula & breast milk offer similar health benefits should stimulate market growth in North America. The U.S. baby food industry was valued over USD 20 billion in 2019 which indicates ample growth opportunities for the market.
 

There is a widespread perception that breastfeeding is a threat to the lifestyle habits, freedom and independence of the mother. Increasing awareness among young parents regarding the nutritional requirements of infants and willingness to opt for premium products is likely to further trigger the DHA algae oil for infant formula market growth.
 

Growing consumer consciousness related to strong immune system to fight COVID-19 across the globe is expected to propel the demand for nutritional food products, containing high levels of protein including protein bars, and healthy snacks, among several others. The growth of health products during the pandemic and post-pandemic along with increasing shift from meat products to plant-based products due to the fear of virus spread through meat products is expected to augment the DHA algae oil for infant formula market revenue.
 

New product releases and R & D to be major business master plans by manufacturers

Global DHA algae oil for infant formula industry is consolidated with major players including ADM, JC Biotech, DSM, BioPlus and Polaris. Companies collaborate or partner for technology developments and product launches which help them establish and supply guarantees and royalties for supplying products.
 

Participants in DHA algae oil for infant formula market are implementing business tactics including new product launches, partnerships & collaborations, mergers & acquisitions and capacity expansions. For instance, In April 2018, Polaris launched its novel product named Omegavie DHA 650 Qualitysilver5. The product is made completely in France from sustainable sources of microalgae, making it suitable for vegetarians and vegans.
 

Global DHA algae oil for infant formula market report includes in-depth coverage of the industry trends, with estimates & forecast in terms of volume (Tons) and revenue (USD Million) from 2015 to 2026, for the following segments:

By Content

  • 30%-40%
  • 40%-50%

By End use

  • 0-3 years old
  • 3-6 years old
  • Others

The above information has been provided for the following regions:

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Netherlands
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Malaysia
    • Thailand
  • LATAM
    • Brazil
    • Argentina
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE

 

Frequently Asked Questions (FAQ) :

In 2019, the global DHA algae oil for infant formula market size was over USD 245 Million and it may depict 8.5% CAGR through 2026 owing to rising urbanization and subsequently changing consumer lifestyles.
Global DHA algae oil for infant formula market share from 40%-50% DHA content segment may register 7.5% CAGR through 2026, owing to benefits such as high purity, cleanliness, safety, & easy absorbance.
Global DHA algae oil for infant formula industry size from 0-3 years age group may cross USD 420 million by 2026 due to massive rise in birth rates and recommendations by health organizations for adequate omega-3 fatty acids intake.
North America DHA algae oil for infant formula market size may exhibit 3.5% CAGR through 2026, given the lack of awareness on breastfeeding benefits and significant rise in the female workforce.

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Premium Report Details

  • Published Date: Sep 2020
  • Pages: 200
  • Tables: 166
  • Charts / Figures: 32
  • Companies covered: 20
  • Countries covered: 22

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