Global DHA algae oil for infant formula market size worth over $435 million by 2026
Published Date: October 1, 2020 Authors: Kunal Ahuja, Kritika Mamtani
Global DHA Algae Oil for Infant Formula Market size is set to surpass USD 435 Million by 2026, according to a new research report by Global Market Insights, Inc.
Increasing number of working mothers, resulted from economic growth creating new jobs that bring more women into the workforce, is a major driver of growth for the infant formula market. In general, the number of infants born is another important driver for infant formula market. These factors thereby increase demand for DHA algae oil for infant formula market from across the globe.
Sales of infant formula are witnessing strong growth in Asia Pacific and have a major impact on increased demand for raw materials and ingredient prices. This development is mainly driven by China which accounts for over 50% of the overall Asian market and one-third of the global DHA algae oil for infant formula market.
Also factors including urbanization, alteration in distribution channels and withdrawal of the one-child policy are also driving Chinese demand for infant formula. Western Europe is the second-largest market for infant milk formula. The major Western European markets for infant formula include France, Germany, Spain, the UK and Italy, with France being the largest market.
Growing 30%-40% DHA algae oil utilization will have a positive influence on market advancement
Global DHA algae oil for infant formula market from 30%-40% DHA algae oil is expected to exceed 6.5% through 2026. 30%-40% DHA algae oil for infant formula market should witness substantial growth on account of its essential role in breast milk, retina of the eyes, nerve tissues, brain and cell membranes. The product is routinely manufactured from algae fermentation which ensures excellent functionality and high quality.
30%-40% DHA algae oil is widely available in convenient forms of powder & oil and has several health benefits including immune development and weight management which should accelerate product demand.
Browse key industry insights spread across 200 pages with 166 market data tables and 32 figures & charts from the report, “Global DHA Algae Oil for Infant Formula Market by Content (30%-40%, 40%-50%), By End-Use (0-3 Years Old, 3-6 Years Old), Regional Outlook)” in detail along with the table of contents:
“According to market analysis and trends, DHA algae oil for infant formula market from 3 – 6 year age group end use is expected to grow at CAGR of over 6% from 2020 to 2026.”
Rising parents awareness towards mitigating health disorders risk among infants will stimulate industry expansion.
Global DHA algae oil for infant formula market from 3 – 6 year age group end use is expected to exceed USD 6 million by 2026. Growing perception that DHA supplementation has the potential to prevent various health disorders in children including attention deficit hyperactivity disorder (ADHD), asthma and allergies should drive product demand in the 3 – 6 year age group.
Adequate intake of fatty acids in children helps prevent the onset of adult health disorders such as cardiovascular disease, and metabolic disorders along with ensuring healthy reproductive & immune systems. Rising incidence of poor cognitive performance and working memory in children on account of deficiency of omega-3 fatty acids should accelerate DHA algae oil for infant formula market growth.
“As per industry forecasts, Europe DHA algae oil for infant formula market is forecasted to grow over 4.5% by 2026”
Supportive regional regulatory landscape for product incorporation in infant food manufacturing should foster market expansion
Europe DHA algae oil for infant formula market is expected to exceed USD 55 million by 2026. Europe DHA algae oil market should register substantial gains owing to the favorable regulatory scenario for DHA usage as a novel food ingredient. The European Commission Implementing Regulation (EU) 2019/387 authorizes the use of the product in infant formula provided the formula is not labelled or advertised as a complete substitute for breast milk.
The European Commission Implementing Decision (EU) 2015/546 also permits the adoption of DHA algae oil from Schizochytrium Sp. Microalgae provided the label mentions the source of the DHA oil.
Key manufacturers in DHA algae oil for infant formula industry are Koninklijke DSM N.V., Archer Daniels Midland, JC Biotech Pvt. Ltd., Polaris and BioPlus Life Sciences. Companies are funding into latest product releases to enhance product portfolios. In April 2017, ADM launched its latest product named Onavita DHA algal oil, this product is manufactured from a high-quality and reliable U.S. algae supply.
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