DSM, Cargill, Incorporated and Dupont are Dominating the Market for Global Algae Products Market in 2019

Global Algae Products Market is expected to grow at a CAGR of 5.8% in the forecast period 2020 to 2027. The years considered for study are as mentioned below.

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Global algae products market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments in expanding their production facility for manufacturing of different types of products related to large, various acquisitions and partnership to enter in specific market have led the manufacturers to established their foot prints.

The major players dealing in global algae products market are introducing strong range of product portfolio. This has also helped the company to maximize the sales with enhanced product portfolio.

DSM is the dominating player in the global algae products market and accounts the highest market share in 2019, which is followed by Cargill Incorporated, Dupont, Cyanotech Corporation, euglena Co.,Ltd., BASF SE, DSM, Algenol, Corbion, DIC CORPORATION, Cellana Inc., Earthrise Nutritionals, LLC (A subsidiary of DIC CORPORATION), FENCHEM, Algatech LTD, Parry Nutraceuticals (A subsidiary of E.I.D. - Parry (India) Limited), CP Kelco U.S., Inc. (A subsidiary of J.M. Huber Corporation), Tianjin Norland Biotech Co., Ltd, Algea, Kemin Industries, AlgaeCan Biotech Ltd., Sun and Earth (S) Pte Ltd, Arizona Algae Products, LLC and ALGAE INTERNATIONAL BERHAD.

DSM:

DSM headquartered in the Netherlands and founded in 1902. The company focuses on specialized in providing nutrition and health solutions in market. The company deals in two business segment and they are nutrition, material and innovation. The market focused business segment is nutrition and innovation. For enhancing its business company has taken certain strategic decision which includes product launch, acquisition and many others. 

  • In May 2020, DSM launched its new products which is a plant based DHA oil product named life’sDHA SF55-O200DS oil produced from Schizochytrium algae for boosting the nutrition in mothers and infants. With the launch of the product, DSM company has increased its product portfolio in nutrition business which will help the company to enhance their business in market.

The company has wide global presence across the globe such as North America, South America, Europe, Asia-Pacific, Middle East & Africa. The company provides its products in market through its subsidiaries such as Glycom A/S (Denmark), Fortitech, inc. (U.S.), Martek Biosciences Corporation (U.S.), Aland (Jiangsu) Nutraceutical Co., Ltd. (China) and Koninklijke CSK Food Enrichment C.V. (The Netherlands), among others.

Cargill, Incorporated:

Cargill, Incorporated headquartered in the U.S. and founded in 1865. The company focuses on manufacturing and distribution of products related to food agriculture, financial and industrial. The company deals in different business segment and they are food ingredients & bio-industrial, animal nutrition, protein & salt, agriculture supply chain and metal & shipping. The market focused business segment is food ingredients & bio-industrial for algae products market.

  • In February 2019, Cargill, Incorporated launched the Red Seaweed Promise program mainly designed to address key sustainability challenges for the harvesting and cultivation of red seaweed and  enhancing livelihoods of producers, supporting the local communities and conserving the marine environment. This innovative program launched by Cargill, Incorporated increased its credibility in the market leading to increased demand for its product in future.

The company has wide global presence across the globe such as North America, South America, Europe, Middle East and Africa and Asia-Pacific. The company has its subsidiaries as well and they are NatureWorks (U.S.), Bucanero chickens S.A. Cali (Colombia), Cargill Meat Solutions (U.S.), Wilbur Chocolate Company (U.S.) and Cargill Cotton (U.K.), among others.

Dupont:

Dupont headquartered in the U.S. and founded in 1802. The company focuses on providing solutions for electronic & imaging, transportation & industrial, nutrition and biosciences and safety & construction by manufacturing and distribution of products related to these domains. The company operates in different business segments and they are electronics & imaging, nutrition & biosciences, transportation & industrial, safety & construction and non-core in which nutrition & biosciences segment for algae products market. The company takes many strategic decisions for enhancing its business.

  • In December 2019, DuPont entered in signing an agreement of merger with IFF for its Nutrition & Biosciences (N&B) business. This merger by DuPont strengthens its nutrition and biosciences business thereby increased its market and sale in future.

The company has its strong presence around the world which includes North America, South America, Europe, Middle East and Africa and Asia-Pacific. The company provides its products through its subsidiaries and they are Danisco (Denmark), Dupont Korea (Korea), DuPont Sustainable Solutions (U.S.), Genencor (U.S.), Solae (U.S.), DuPont NLco B.V. (The Netherlands), DuPont Capital Management (U.S.) and E.I. DuPont Canada Co (Canada), among others.