The Global Algae Oil Market is predicted to expand at a CAGR of 6.2% and reach US$ 243.8 Mn by 2032.Algae oil is rich in Omega 3 fatty acids and DHA (docosahexaenoic acid). It is synthesized directly from algae and hence the terminology algae oil. Marine algae is harvested to obtain this product, which is extracted and then refined, ready for use. The DHA present in algae oil accounts for 97 percent of Omega 3 in the human brain, retina and cerebral cortex. It can be called as a rich vegetable source of DHA and Omega 3 which has several health benefits. It is also added in food items, supplements and beverages. Global Algae oil market is influenced by several parameters. The major factors driving the growth of the global algae oil market are its increasing use in the food and beverage industry owing to health benefits associated with the healthy composition of algae oil which involves high phycocyanin, proteins and antioxidants apart from DHA and Omega 3.As per detailed industry anaslysis by Persistence Market Research Algae oil is also used as specialty oil due to its low saturated fat content. Algae oil provides high nutrition and health benefits such as it helps in cholesterol reduction, improves eyesight and memory. Rising health awareness and increasing preference to nutritional vegetable sources is another aspect favoring the growth of the global algae oil market.
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