According to a recent study titled ‘Global DHA Algae Oil for Infant Formula Market Size by Content, By End-Use, Industry Analysis Report, Regional Outlook, End-use Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report, global DHA algae oil for infant formula market is anticipated to record an appreciable growth rate during 2020-2026.
 

As per the report findings, surging demand for nutritious and healthy food products from the increasing health-conscious population primarily drives the growth of global DHA algae oil for infant formula market. Furthermore, growing awareness regarding the various health benefits of algae oil is rendering a positive impact on the industry.
 

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For the uninitiated, algae oil is made from marine algae, and is prominently utilized as a medicine and food ingredient. It is a highly rich source of omega-3 fatty acids, comprising two of the most vital acids, DHA (docosahexaenoic acid) and EPA (eicosapentaenoic acid), which aid in maintaining health of eyesight, cardiovascular system, and other cognitive functions. Algae oil is generally used with other fatty acids to fortify the nutritional value of infant formula. It may also improve motor skills in infant by the age of 30 months. Furthermore, DHA acts as an alternative for vegans and other individuals who do not prefer fish oil. Hence, these benefits along with other factors like rise in women workforce, new product launches, and increasing per capita income are enhancing global DHA algae oil for infant formula industry outlook.
 

On the geographical front, LATAM DHA algae oil for infant formula market size is projected to expand at a CAGR of 5.3% over the projected timeline, owing to increasing demand for nutritious food and rising health awareness among the population.  
 

Whereas, MEA market currently accounts for over 4.6% of global DHA algae oil for infant formula market share and is expected to follow similar growth trends in the coming years. On the other hand, escalating demand for breast milk substitutes is supporting the industry expansion in North America. Speaking of the European market, favorable regulatory scenario is driving the sales of DHA algae oil in the region.
 

Leading organizations that hold a majority stake in worldwide DHA algae oil for infant formula market are Polaris, Algarithm, Goerlich Pharma GmbH, Meteoric Biopharmaceutical, Lonza Group AG, Cellana, Inc., JC Biotech Pvt. Ltd., Far East Microalgae Industries Co., Ltd., and Nordic Naturals, Inc. among others.