In recent years, with the general increase in public health awareness, the demand for DHA products in the Chinese market has been rising. Traditional methods of relying on marine fish for DHA are no longer able to meet the growing market demand. Thanks to the development of biotechnology, algal oil DHA extracted by microbial fermentation technology came into being, and has gradually become the new favorite of the DHA market with its advantages of safety, controllability, pollution-free and traceability.
Recently, China Industry Research Network and China Research Institute of Puhua Industry Research Institute jointly released a research report on the algal oil DHA industry, which analyzes the status quo of the global, Asia-Pacific and Chinese algal oil DHA raw material market and the market forecast for the next five years, while focusing on the specific distribution and competition pattern of algal oil DHA producers in the domestic market share, in addition, the report will also discuss the future development trend of algal oil DHA industry to provide reference for relevant persons and investors.
Global algal oil DHA feedstock market:
The market size will reach 7.5 billion yuan within 5 years, and the top five manufacturers will account for more than 70% of the market share.
According to the data of the China Research Institute of Puhua Industry Research Institute, the global algal oil DHA raw material market will be 3.066 billion yuan in 2021 and increase to 3.747 billion yuan in 2023, with a compound annual growth rate of 11.87%, according to this trend, the global algal oil DHA market size is expected to expand to 7.560 billion yuan by 2029.
In addition, the market structure of algal oil DHA raw material producers is tending to be oligopolistic, with the world's top five producers accounting for more than 70% of the market share in 2023, and one of the top three producers is from China.
Asia-Pacific DHA raw material market:
The world's second largest algal oil DHA raw material market, with an expected growth rate of 145% in five years.
In the global map, the North American market dominates the market, accounting for 41% of the total global algal oil DHA raw material market, while the Asia-Pacific market has achieved a market share of about 32% due to the rapid development of the infant formula industry, firmly establishing its position as the second place in the world, followed by the European market in third place.
In 2021, the size of the algal oil DHA raw material market in the Asia-Pacific region reached about 888 million yuan. By 2023, it has increased significantly to 1.199 billion yuan, with an average annual growth rate of 14.25%. It is estimated that by 2029, the market size of algal oil DHA raw materials in the Asia-Pacific region will further expand to about 2.722 billion yuan, showing significant market potential and development vitality.
China's algal oil DHA raw material market:
High compound growth, accounting for nearly 50% of the market share in the Asia-Pacific region.
In 2021, the total size of the mainland algal oil DHA raw material market has reached 373 million yuan, and in 2023, it has achieved significant growth, reaching 516 million yuan, accounting for nearly half of the market share in the Asia-Pacific region.
It is predicted that in the next few years, the market size of algal oil DHA in China will continue to maintain a rapid growth momentum, and by 2029, it is expected to expand to a new high of 1.189 billion yuan.
China algal oil DHA raw material supplier:
The leading enterprises have the world's advanced technology, and Runke Biotech has ranked first in market share for many years.
Limited by the monopoly of R&D technology in the United States, the mainland algal oil DHA raw material market was stagnant for a time, until 2000, when Runke Biotechnology, a local Chinese company, took the lead in extracting high-purity algal oil DHA with Schizochytridina (bacteria), breaking the monopoly of core technology.
At present, some leading enterprises in China have the world's advanced technology and have fully realized the industrial production of algal oil DHA, which not only occupies a solid position in the domestic market, but also gradually shows strong strength in international competition. Runke Biotech, a veteran manufacturer, has ranked first in the Chinese market and one of the top three in the global market for many years. Jiabiyou, a manufacturer mainly based on ARA, said that it will rapidly expand the scale of DHA, and the oil production capacity can be increased from the original 150 tons to 600 tons.
Forecast of the development trend of China's algal oil DHA industry
The implementation of policies such as the new national standard for milk powder has brought about the continuous growth of algal oil DHA raw materials
In 23 years, the implementation of the new national standard for infant formula milk powder will undoubtedly promote the mainland's algal oil DHA into a new stage, with the increase in consumer attention to infant brain and vision development, as well as the country's strict supervision of the quality of infant formula milk powder, will drive the continuous growth of algal oil DHA raw materials to higher quality standards.
Increase investment in DHA research and development to enhance market competitiveness
In recent years, domestic algal oil DHA leading enterprises have gradually increased their investment in technology research and development in order to enhance their competitiveness in the global market. For example, Runke Biotechnology has cooperated with Peking University and other universities to obtain 71 patents for microalgae fermentation technology, and is committed to the development of different dosage forms of DHA such as phospholipid DHA, aiming to improve the utilization rate and physiological efficacy of DHA in the human body.
Develop more application scenarios of algal oil DHA and tap new growth points
As a nutritional enhancer, algal oil DHA is not only widely used in dairy products and pharmaceutical and health products, but also gradually expanded to more daily consumer goods such as beverages, snacks and biscuits in recent years. For example, the manufacturer Jiabiyou said that "it will focus on Ω-3 fatty acid products based on DHA, and increase the development of DHA in the field of health food and health products". On the one hand, the leading manufacturer Runke Biotech has increased its expansion into the sea, focusing on the raw material markets such as Australia and New Zealand, and has "head-to-headed" with overseas manufacturers such as DSM, and on the other hand, it has launched the terminal brand "Baodecong" to promote the improvement of the whole industrial chain of the domestic algal oil DHA market from raw materials to terminals.