Product ID: UCMIG30C2035
Report ID:
UCMIG30C2035 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market for Global DHA algae oil in infant formula surpassed a value of USD 245 million in 2019 and is projected to witness a compound annual growth rate (CAGR) of over 8.5% from 2020 to 2026. This growth is indicative of the increasing demand for DHA algae oil as a vital ingredient in infant formula products. The rising awareness among parents about the nutritional benefits of DHA algae oil for infant development is a significant factor driving market expansion.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Food Retail by segment aggregation, the contribution of the Food Retail in Food & Staples Retailing and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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REQUEST FREE CUSTOMIZATIONThe market for DHA Algae Oil for Infant Formula was estimated to be valued at US$ XX Mn in 2021.
The DHA Algae Oil for Infant Formula Market is estimated to grow at a CAGR of XX% by 2028.
The DHA Algae Oil for Infant Formula Market is segmented on the basis of Content, End use, Region.
Based on region, the DHA Algae Oil for Infant Formula Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The key players operating in the DHA Algae Oil for Infant Formula Market are , DSM Nutritional Products , Lonza Group Ltd. , Corbion N.V. , BASF SE , Polaris SA , Archer Daniels Midland Company , Stepan Company , Novotech Nutraceuticals, Inc. , Nordic Naturals, Inc..
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Product ID: UCMIG30C2035