Global Algal Antioxidants Market, By Type (Ahnfeltiopsis, Colpomenia, Gracilaria, Halymenia, Hydroclathrus, Laurencia, Padina, Polysiphonia, Turbinaria), Source (Brown Algae, Blue-Green Algae, Red Algae, Green Algae, Others), Form (Solid, Liquid), Application (Food and Beverages, Nutraceuticals and Dietary Supplements, Feed, Personal Care Products, Pharmaceuticals, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
The demand for algal antioxidants is projected to rise at a rate of 9.0% in the forecast period from 2020 to 2027. Growing awareness of the health benefits of algae-based products, which will play a role in the demand for algae antioxidants in the 2020-2027 forecast period.
Antioxidants formed by marine algae, such as flavonoids, cinnamic acid, benzoic acid , gallic acid, quercetin and phlorotannins, the latter being found in brown macroalgae, are less investigated but with a high antioxidant activity and a possible antiviral. Algal antioxidant is widely used in various applications of pharmaceuticals, food and beverages, and others.
Increasing applications of the product in various industries, rising usages of the product as alternate food source and food ingredient, growing number of population across the globe, shifting consumer preferences along with rising demand of gluten free and vegan products, growing demand for algae with antioxidant properties of algal components, and constituting anti-obesity, anti-cancer, and anti-diabetic agents are some of the major as well as vital factors which will likely to augment the growth of the algal antioxidants market in the projected timeframe of 2020-2027. On the other hand, easy cultivation of algae, rising preferences of the consumer towards natural ingredients along with increasing number of research and development activities in aquaculture which will further contribute various opportunities that will led to the growth of the algal antioxidants market in the above mentioned projected timeframe.
Impact of climatic condition along with high cost of processing which will likely to act as market restraints factor for the growth of the algal antioxidants market in the projected timeframe mentioned above. Lack of awareness regarding the benefits of the product in developing economies which will become the biggest and foremost challenge for the growth of the market.
This algal antioxidants market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on algal antioxidants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Algal Antioxidants Market Scope and Market Size
Algal antioxidants market is segmented on the basis of source, type, form, and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the algal antioxidants market is segmented into brown algae, blue-green algae, red algae, green algae, and others. Others have been further segmented into yellow-brown algae and golden algae.
- Based on type, the algal antioxidants market is segmented into ahnfeltiopsis, colpomenia, gracilaria, halymenia, hydroclathrus, laurencia, padina, polysiphonia, and turbinaria.
- Based on the form, the algal antioxidants market is segmented into solid, and liquid.
- The algal antioxidants market is also segmented on the basis of application. The application is segmented into food and beverages, nutraceuticals and dietary supplements, feed, personal care products, pharmaceuticals, and others. Others have been further segmented into pet food, fortified food, and infant food. Food and beverages account for the largest market share due to the rising popularity of the product and rising awareness regarding the health benefits.
Global Algal Antioxidants Market Country Level Analysis
Algal antioxidants market is analysed and market size, volume information is provided by country, source, type, form, and application as referenced above.
The countries covered in the algal antioxidants market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
North America dominates the algal antioxidants market due to the increasing number of health conscious consumers along with rising occurrences of high blood pressure, diabetes and others diseases while Asia-Pacific region will expect to grow in the forecast period 2020 to 2027 due to the growth of the pharmaceutical, animal feed and cosmetics industry in the region.
The country section of the algal antioxidants market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Algal Antioxidants Market Share Analysis
Algal antioxidants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to algal antioxidants market.
The major players covered in the algal antioxidants report are DSM; BASF SE; Cyanotech Corporation.; Cargill, Incorporated.; DuPont.; CP Kelco U.S., Inc.; Corbion; Roquette Frères.; FENCHEM; Algatech LTD; E.I.D. - Parry (India) Limited; Fuji Chemical Industries Co., Ltd.; Beijing Gingko Group; DIC CORPORATION; Herbal Terra LLC; HOLISTIC HERBAL SOLUTIONS.; Pharmavite; Zhejiang Binmei Biotechnology Co.,Ltd; Tianjin Norland Biotech Co., Ltd.; AstaReal AB; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
Customization Available : Global Algal Antioxidants Market
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