Global Algae Products Market By Type (Lipids, Carrageenan, Carotenoids, Algal Protein, Alginate, Others), Source (Brown Algae, Blue-Green Algae, Red Algae, Green Algae, Others), Form (Solid, Liquid), Application (Food & Beverages, Nutraceuticals & Dietary Supplements, Feed, Personal Care Products, Pharmaceuticals, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East And Africa) – Industry Trends and Forecast to 2025
Market Analysis: Global Algae Products Market
The global algae products market is expected to reach USD 5.60 billion by 2025, from USD 3.72 billion in 2017 growing at a CAGR of 5.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Algae Products Market
An algae is a group of organism having potential of performing photosynthesis process. It helps to convert carbon dioxide into protein and fat in the presence of sunlight. It is utilised as food and fuel by the plant. Algae are commonly used in algae products comprising seaweed, kelp and chlorella. Algae products have high protein and contain essential amino acid, which helps in boosting human metabolic process like enzyme production. It also has high content of omega 3 and 6 acids. Algae Products have wide application in pharmaceutical, food supplement manufacturers and nutraceuticals industry. According to ACS Chemical Neuroscience, in 2016, the U.S., global pharmaceutical industry was stated to be USD 446 Billion alone. As per Statista, the pharmaceutical sector will grow by 160% between 2017 and 2030 and by 232% in India which will be known to be the biggest growth. Thus, it shows the pharmaceutical industry is growing and will derive the demand of algae products.
- Raising consumer awareness regarding health benefits of algae-based products
- Alternate food source and food ingredient
- Growing multi industry coverage
- Advanced high impact of climate condition on algae production
- High cost of processing
Segmentation: Global Algae Products Market
- Algal Protein
- Brown Algae
- Blue-Green Algae
- Red Algae
- Green Algae
- Food & Beverages
- Nutraceuticals & Dietary Supplements
- Personal Care Products
- North America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of MEA
Competitive Landscape: Global Algae Products Market
The global algae products market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Algae Products market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
In, July, 2013, BASF SE and National Prawn Company (Saudi Arabia) had signed an agreement on collaboration in the field of algae technology.
Key Market Competitors: Global Algae Products Market
The key players operating in the global algae products market are –
- BASF SE
- Cyanotech Corporation
The other players in the market are Stärke GmbH, Sms Corporation Co. Ltd, Global Bio-Chem Technology Group Company Limited, SPAC STARCH PRODUCTS (INDIA) LTD., Qingdao Cbh Co., Ltd., Beneo-Remy N.V., China Essence Group Ltd, Samyang Genex Corp, Ulrick & Short Ltd., Grain Processing Corporation, Roquette Frères, Siam Modified Starch Co. Ltd., Algatechnologies, CP Kelco and other.
Research Methodology: Global Algae Products Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025.
- Market trends impacting the growth of the global algae products market.
- Analyze and forecast algae products market on the basis of type, source, form and application.
- Trends of key regional and country-level markets for type, source, form and application.
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.