Global Algal Antioxidants Market – Industry Trends and Forecast to 2029

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, Additives, Functional Food, Others) – Industry Trends and Forecast to 2029.

Algal Antioxidants Market Analysis and Size

Increasing applications of products in various industries, the rising usage of algae antioxidants as the alternate food source and food ingredient, rising population across the globe and shifting preferences, rising demands of gluten free and vegan products, growing needs of the algae with antioxidant properties are the main factors expected to create certain growth opportunities for the algal antioxidants market over the forecast period from 2022-2029. Additionally, algal antioxidants help to cure specific health issues raised by the diseases like obesity, diabetes and others. All these factors are expected to create significant growth opportunities for the market over the forecasted period. 

Data Bridge Market Research analyses that the algal antioxidants market was valued at USD 1470.00 million in 2021 and is expected to reach the value of USD 2342.96 million by 2029, at a CAGR of 6.00% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Algal Antioxidants Market Scope and Segmentation

Market Definition

Antioxidants formed by marine algae such as flavonoids, cinnamic acid, benzoic acid, gallic acid, quercetin and phlorotannins are less investigated but have high antioxidant activity and can be antiviral by nature. They are used by various end-users such as food and beverages, nutraceuticals and dietary supplements, feed, functional foods, additives and others for a wide range of applications such as curing specific health issues raised by the diseases like obesity, diabetes and others.

Global Algal Antioxidants Market Dynamics

Drivers

• Growing applications of the product in various industries

The primary factors driving the algal antioxidants in various industries include food and beverages, nutraceuticals and dietary supplements, feed, personal care products, pharmaceuticals and others and the rising health consciousness among people worldwide. The increased use algae for its antioxidant properties has resulted in a significant increase in the consumption of algae products. Many people of all ages are shifting toward a healthy lifestyle with a healthy diet, which is fuelling the market's growth.

• Rising health benefits from natural sources

The rising health benefits across the globe has created big concerns among the people. The natural sources are in high demands due to the shifting preferences of people from synthetic to natural products especially in the post-pandemic era. Safe antioxidants from natural sources are thus in high demands. Moreover, the algae constitute varied applications and can cure wide range of diseases due to its antioxidant property such as cancer, obesity, diabetes and others. All these factors are driving the growth of the market. 

Opportunities

• Rising advantages of algal antioxidants

Various ongoing research carried out in finding new and safe antioxidants from natural sources. Algae can biosynthesize, metabolize, accumulate and secrete a great diversity of primary and secondary metabolites including carotenoids, phenolic compounds, phycobilins, sulphated compounds and vitamins. All these compounds have commercial applications in the food and beverages sector as they are used in dietary supplements, additives and others. Moreover, the algae constitute varied applications and can cure wide range of diseases due to its antioxidant property such as cancer, obesity, diabetes and others. All these factors are generating lucrative growth opportunities for the algal antioxidants market over the forecasted period.

Restraints

• High costs and climatic impact

The impact of climatic condition and high costs of processing will act as major restraints on the growth of the algal antioxidants market in the forecast period.

• Lack of awareness

Lack of awareness regarding the health benefits in the developing economies will further obstruct the growth of the market over the forecasted period.  

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 localized 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 the 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.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Algal Antioxidants Market Scope

The algal antioxidants market is segmented on the basis of type, source, form and applications. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

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
• Additives
• Functional Food
• Others
• Pet food
• Fortified food
• Infant food

Algal Antioxidants Market Regional Analysis/Insights

The algal antioxidants market is analysed and market size insights and trends are provided by type, source, form and applications as referenced above.

The countries covered in the algal antioxidants market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominate the algal antioxidants market because of rising health conscious consumers along with rising occurrences of high blood pressure, diabetes and other diseases in the region.

Asia-Pacific is expected to grow within the forecasted period of 2022-2029 due to the region's rising pharmaceutical, animal feed and cosmetics industries. 

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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

The 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.

Some of the major players operating in the algal antioxidants market are:

• DSM (Netherlands)
• BASF SE (Germany)
• Cyanotech Corporation. (U.S.)
• Cargill, Incorporated. (U.S.)
• DuPont. (U.S.)
• CP Kelco U.S., Inc. (U.S.)
• Corbion (Netherlands)
• Roquette Frères. (France)
• FENCHEM (U.S.)
• Algatech LTD (Israel)
• E.I.D. - Parry (India) Limited . (India)
• Fuji Chemical Industries Co., Ltd. (Japan)
• Beijing Gingko Group (U.S.)
• DIC CORPORATION (Japan)
• Terra Herb (U.S.)
• HOLISTIC HERBAL SOLUTIONS. (U.S.)
• Pharmavite (U.S.)
• Zhejiang Binmei Biotechnology Co.,Ltd (China)
• Tianjin Norland Biotech Co., Ltd. (China)
• AstaReal AB (Sweden)