USD 2.37 million
Nannochloropsis-derived Lipids Market Size, Share, Growth Analysis, By Application(human nutrition, animal nutrition, and other applications), By Type(health supplements and nutraceuticals, pharmaceuticals, and other human nutritions), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30C2105 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
63
|Figures:
67
Nannochloropsis-derived Lipids Market Insights
Nannochloropsis-Derived Lipids Market size was valued at USD 2.37 million in 2019 and it is expected to reach USD 4.2 million in 2019, at a CAGR of 8.5% during the forecast period (2024-2031).
The market for fatty acids generated from Nannochloropsis is expanding as people become more aware of the health advantages of omega-3 polyunsaturated fatty acids (PUFAs), demand for functional food items rises, and the prevalence of diabetes and obesity rises.
Additionally, the pharmaceutical industry's expanding need for omega-3 and the demand for algal oil-based biofuel both present profitable development prospects for companies that produce lipids (fatty acids) generated from Nannochloropsis.
Due to increased consumer worries about their health and the idea that eating has a direct impact on health, functional foods and dietary supplements have become more popular in recent years, which has had a significant impact on healthy behaviours. The increased consumer awareness of micronutrient deficiencies, expanding health concerns, rising illness rates, and rising disposable income are the key factors driving the global market for functional food. Additionally, the growth in chronic illnesses worldwide is a factor in the growing consumer demand in nutrient-dense foods.
The NIH-funded study found that a balanced diet directly correlates to an increase in general health and lowers the risk of heart disease, stroke, and type 2 diabetes. A growing interest in and trend toward healthy eating is propelling the development of nutritious foods. Due to the additional health advantages of omega-3 fatty acids, such as lowering the risk of cardiovascular disease, type II diabetes, ophthalmic illnesses, arthritis, etc., the demand for functional foods containing these fatty acids has grown over time.
US Nannochloropsis Derived Lipids Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
human nutrition
Fastest Growth
human nutrition
Growth Rate
8.5% CAGR
Global Nannochloropsis-derived Lipids Market ($ Mn)
Country Share for North America Region (%)
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Nannochloropsis-derived Lipids Market Segmental Analysis
The Nannochloropsis derived lipids market is segmented on the basis of application, type and region. On the basis of application the Nannochloropsis-Derived Lipids Market is divided into human nutrition, animal nutrition, and other applications. On the basis of type the Nannochloropsis-Derived Lipids Market is divided into health supplements and nutraceuticals, pharmaceuticals, and other human nutritions. On the basis of region, the Nannochloropsis-Derived Lipids Market is divided into, North America, Asia-Pacific (APAC), Europe and rest of the world.
Nannochloropsis-Derived Lipids Market Analysis by Application
The Nannochloropsis derived lipids (fatty acids) market is primarily divided into human nutrition, animal nutrition, and other applications based on application. According to estimates, the market for lipids (fatty acids) obtained from Nannochloropsis will be dominated by the human nutrition sector in 2021. The demand for algae oil from the nutraceutical, nutritional supplement, baby formula, and F&B businesses is thought to be a contributing factor in this increase. The market for human nutrition-related nannochloropsis-derived lipids (fatty acids) is anticipated to grow as a result of rising packaged baby nutrition product consumption brought on by an expanding working population. Algal omega-3 DHA plays a crucial role in the growth and development of an infant's nervous system, vision, brain, and other body systems. Additionally, the market for human nutrition's nannochloropsis-derived lipids (fatty acids) is predicted to see profitable potential as a result of the growing demand for goods that promote immunity.
Nannochloropsis-Derived Lipids Market Analysis by Type
The Nannochloropsis derived lipids (fatty acids) market is primarily divided into medicines, health supplements and nutraceuticals, and other human nutrition-related applications based on type (applications). The market for Nannochloropsis derived lipids (fatty acids) for human nutrition is expected to reach its peak in 2021, with the health supplements and nutraceuticals segment expected to hold the largest market share. This is due to the expanding health supplements and nutraceuticals sector and the increasing use of algae oil in place of fish oil.
Global Nannochloropsis-derived Lipids Market By Provider Type
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Nannochloropsis-derived Lipids Market Regional Insights
According to estimates, Europe will dominate the worldwide market for lipids (fatty acids) generated from Nannochloropsis in 2021, followed by North America and Asia-Pacific. This is due to the high demand for health and wellness goods and the rising incidence of heart disease. Additionally, the region's market for lipid extraction benefits from the simple accessibility of raw materials because of the existence of important Nannochloropsis biomass providers. Additionally, it is anticipated that the region's stakeholders in the market for Nannochloropsis derived lipids (fatty acids) will benefit greatly from the expanding nutraceuticals and dietary supplement industries as well as the growing popularity of omega 3 fortified/functional food and beverages among the aging population.
Global Nannochloropsis-derived Lipids Market By Region
- Largest
- Fastest
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Nannochloropsis-derived Lipids Market Dynamics
Nannochloropsis-Derived Lipids Market Drivers
Rise in Demand for Dietary Supplements to Boost Market Growth
- Growing Awareness of the Health Benefits of Omega-3 Pufa Over the past several years, there has been a sharp rise in the number of people looking for high-omega products. In the U.S., for instance, 9% of supermarket shoppers make a regular purchase of high-omega-3 foods or beverages, and the proportion of individuals who take fish oil supplements increased from 8% in 2016 to 17% in 2021.Additionally, customers increasingly think of health and beauty items as dietary supplements.
- The main drivers propelling the market for lipids (fatty acids) obtained from Nannochloropsis are the rising prevalence of diabetes and obesity.
Nannochloropsis-Derived Lipids Market Restraints
High Cost and Complexity to Hinder Market Growth
- The Complex Production Process of Nannochloropsis is the primary constraint in the growth of market. The production of microalgae globally and the transportation and logistics sector are expected to have a negative impact on the global market in terms of volume.
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Nannochloropsis-derived Lipids Market Competitive Landscape
The industry's major significant players control a large portion of the market for nannochloropsis-derived lipids due to their extensive worldwide reach and reliable distributed systems. These businesses concentrate on various business strategies, such as establishing long-term supply agreements with several distribution channels, to combat the competition. Due to the availability of a target customer base in the area, major firms have recently focussed more on entering Southeast Asian markets.
Nannochloropsis-Derived Lipids Market Top Player's Company Profiles
- Arizona Algae Products, LLC
- Shaivaa Algaetech LLP
- iwi Life
- Abitec Corporation
- Avanti Polar Lipids Inc.
- Cayman Chemical Company
- Cordenpharma International
- Chemi S.P.A.
- Tokyo Chemical Industry Co., Ltd.
- Lipoid GmbH.
Nannochloropsis-Derived Lipids Market Recent Developments
- In November 2020, Arizona Algae Products will begin construction on a new 1.3-acre greenhouse, Arizona Algae Products announced that work has just begun on company's brand-new, cutting-edge, 1.3-acre greenhouse. It will more than double our production capacity when it is finished by the end of this year, allowing them to produce in large quantities the highest quality, sustainably produced omega-3 oils and plant-based protein powders from photosynthetic microalgae for the dietary supplements and food ingredients markets.
Nannochloropsis-derived Lipids Key Market Trends
- International professionals at the front edge of lipid research and technology are working together to advance nutritional lipid innovations. However, due to research gaps and a lack of a uniform global regulatory framework, using lipids in nutraceuticals is faced with difficulties.
- Nanostructured lipid carriers and solid lipid nanoparticles have the potential to completely change the nutraceuticals industry. However, due to a paucity of study on separation methods for complex matrices like food, lipid nutrition is under examination. Therefore, a potential approach to commercializing lipid nutrition is emerging that involves ongoing investment in R&D and cooperation with regulatory agencies. However, functional medium chain lipids are employed in nutraceutical goods as energy sources, solubilizers, emulsifiers, transporters, and bioavailability enhancers.
Nannochloropsis-derived Lipids Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to The global nannochloropsis-derived lipid market analysis, the market stands out due to the presence of multiple well-established companies as well as a number of small and medium-sized competitors, according to our global market analysis. Manufacturers mostly use organic and inorganic methods to increase their global footprints. Acquisitions, strategic alliances, new product launches, expansion, partnerships, and research sponsorship are among the main strategies used by manufacturers to boost product sales in various areas.
| Report Metric | Details |
|---|---|
| Market size value in 2031 | USD 2.37 million |
| Growth Rate | 8.5% |
| Forecast period | 2024-2031 |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Nannochloropsis-derived Lipids Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Nannochloropsis-derived Lipids Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Nannochloropsis-derived Lipids Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Nannochloropsis-derived Lipids Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Nannochloropsis-derived Lipids Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Nannochloropsis-derived Lipids Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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