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Algae Oil Market Segments, Trends Overview and 2025 Forecast

Rising algae oil use in biofuel applications such as biodiesel, jet fuel, aviation fuel, and gasoline, will augment growth over the next nine years. The Global Algae Oil Market is expected to reach USD $2.09 billion by 2025, according to a new report by Grand View Research, Inc.


The algae oil is being employed in food & beverage applications as a natural source of omega-3, fatty acids, antioxidants, and proteins. Rising demand from the food & beverage sector on account of its low fat content is expected to have positive impact on the market. Growing awareness about the naturally obtained supplements is expected to fuel its demand in the dietary supplement market which in turn will fuel the overall market growth.

Rising demand from the animal feed sector can be attributed to its higher nutritional content as compared to the grain feed. The algae production & harvesting requires comparatively lower amount of water & land as compared to the land crops grown for animal feed. These factors would cumulatively drive the market from 2015 to 2025.

To Know More About Algae Oil Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/algae-oil-market

However, the higher price of algae oil than conventional oil may challenge the market growth over the forecast period. Apart from this, specific parameters required for the growth of algae, which imply a high production cost, results in increased product price. These factors may restrain the industry development over the forecast period.

Top Players of Algae Oil Market:

Key participants include TerraVia Holdings, Inc, Diversified Energy Corporation, Algix, LLC, and Cellana Inc.

Market Segmentation of Algae Oil Market:

The Global Algae Oil Market segmented on the basis of Grade, Application and Region.

By Grade:

    Fuel Grade
    Food Grade
    Feed Grade

By Application:

    Biofuel
    Dietary Supplement
    Food & Beverage
    Animal Feed

By Region:

    North America
    Europe
    Asia Pacific
    South & Central America
    Middle East and Africa

Inquire about Algae Oil Market with Our Experts @ https://www.grandviewresearch.com/inquiry/4085
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