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iCrowdNewswire Jan 15, 2021 3:00 PM ET

Indonesia DHA oil Market Expected to Reach USD 133.3 Million by 2027


Indonesia DHA oil Market Expected to Reach USD 133.3 Million by 2027

iCrowd Newswire - Jan 15, 2021

Indonesia DHA Oil Market Key Takeaways-min

According to a recent market study published by Growth Market Reports (GMR), titled, “Indonesia DHA Oil Market by Type, Application, and Distribution Channel: Size, Share, Trends and Opportunity Analysis, 2017-2027”, the market was valued at USD 47.7 Million in 2019 and is expected to grow at a healthy growth rate of 13.4% by the year 2027. In Term of Volume Indonesia DHA oil market was valued at 59.5 tons and it is anticipated to expand at CAGR of 12.6% during the forecast period. The Indonesia DHA oil market is anticipated to grow owing to rising awareness & diverse applications of penetrating oil and multiple features of penetrating oil are the factors which is expected to drive the growth of the Indonesia DHA oil market.

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The Indonesia DHA oil market is fragmented based on type, application, and distribution channel. In terms of type, the market is segmented into fish oil, algae oil, krill oil, others. Based on applications the market is divided into infant formulae, dietary supplements, fortified food & beverages, pharmaceuticals, and others. In terms of distribution channel, the market is fragmented into online and offline.

Fish oil, krill oil, algae oil are rich sources of DHA, while eggs and dairy products contain less DHA. In addition to DHA, EPA is also an important content in omega 3 fatty acids. DHA and EHA have various applications in different sectors, such as in pharmaceuticals, for treatment of cancer, cardiovascular diseases, and osteoarthritis; nutraceuticals, as a dietary supplement, cooking oil, and infants formulae. Increase in the awareness and health consciousness among the people has led to the rise in the adoption of foods or products rich in omega 3 fatty acids. These products provide health benefits and daily nutritional requirement; therefore, they are widely used and accepted by people of all age groups. Increasing trend of fortified food & beverages is expected to boost the DHA oil market growth.

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As per GMR industry analyst Akshata Ahire, “The Indonesia DHA oil Market is expected to witness significant growth during forecast period 2019-2027 driven by rise in use of algae oil, krill oil, and fish oil in pharmaceutical products owing to its high medicinal properties present in oil is fueling the market growth. Moreover, growing health consciousness among people is boosting the demand for products with omega 3 fatty acids which is expected to create lucrative opportunity during forecast period.”

Key Takeaways from the Study:

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Report Scope:

Report Metric

Details

Market Value in 2019

USD 47.7

Market Growth Rate (from 2020 to 2027)

13.4%

Market Volume in 2019

59.5 Tons

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 – 2027

Units Considered

Value (USD Million)

Market Segments

By Type, By Application, By Distribution Channels

Key Companies Profiled

Bioriginal Europe/Asia B.V., ConnOils LLC, FKS Multi Agro, PT MoBiol Algae Indonesia, Stepan Company

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

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