United States Algal Oil Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 17.5% from 2024 to 2030.
The US algal oil market is seeing an upward trend, driven by growing demand for sustainable and eco-friendly alternatives to traditional oils. As industries look for healthier and more sustainable sources of omega-3 fatty acids, the appeal of algal oil has soared. Rich in essential nutrients such as omega-3s, it is widely used in sectors like food, pharmaceuticals, cosmetics, and nutraceuticals. These industries are increasingly turning to algal oil due to its versatility and environmental benefits.
Algal oil is sourced from algae, making it a renewable and eco-friendly choice compared to fish-derived omega-3 oils. This is particularly appealing to industries seeking alternatives that reduce their carbon footprint while ensuring a sustainable supply of vital nutrients. The food industry, for instance, has adopted algal oil for its ability to provide a plant-based, clean source of omega-3s, which is especially important as consumers shift toward vegan and vegetarian diets. Additionally, companies are adding it to supplements to support heart health, cognitive function, and joint health, all of which are driving its demand across various sectors.
In the pharmaceutical sector, algal oil is prized for its therapeutic benefits, especially its role in supporting cardiovascular health and reducing inflammation. As more people become aware of the negative health impacts of conventional oils, such as those rich in trans fats, algal oil presents itself as a healthier alternative, which has resulted in significant demand. Moreover, the cosmetics industry is increasingly utilizing algal oil in skincare products for its anti-aging and moisturizing properties, contributing to its growing popularity.
With a rising focus on sustainability and wellness, industries are now more committed to sourcing ingredients that align with consumer expectations for transparency and eco-consciousness. The algal oil market is poised for growth as companies invest in research and development to enhance the oil’s quality and applications across different verticals. As demand continues to rise, the market for algal oil in the US is expected to thrive well into the future, with industries from food to pharmaceuticals increasingly depending on it as a vital resource.
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DSM
Roquette
Veramaris (EVONIK)
ADM
Corbion
Kingdomway
Cellana
JC Biotech
AlgiSys
Fuxing
CABIO
FEMICO
Huison
Qingdao Keyuan
Shandong Yuexiang
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Algal Oil Market
Spirulina
Chlorella
Dunaliella
Food and Beverages
Cosmetics and Personal Care
Pharmaceuticals
Biofuels
Omega-3 Fatty Acids
Omega-6 Fatty Acids
Omega-9 Fatty Acids
Liquid Form
Powder Form
Softgel and Capsule
Food Industry
Pharmaceuticals
Cosmetics and Personal Care
Animal Feed
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Algal Oil Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Algal Oil Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Algal Oil Market, By Type
6. US Algal Oil Market, By Application
7. US Algal Oil Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Algal Oil Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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