Algae Products Market is growing with factors such as growing popularity of health benefits of algae based products, increased demand of plant based protein and increasing demand for food with increasing worldwide population and high production cost of algae derived product along with climatic change may obstruct the growth of the algae products market in the given forecast period.
Global Algae products Market Scenario
According to Data Bridge Market Research, the market for algae products in North America region has the highest market share in global algae products market. Market leader is DSM which accounts an estimated market share of approximately 24% to 27%. The company has gained outstanding sale through providing algae products.
Now the question is which other regions DSM, DuPont, Cargill, Incorporated and BASF SE are targeting? Data Bridge Market Research has estimated a large growth in North America Algae products market and the market leaders targeting the U.S., Canada and Mexico to be their next revenue pockets for 2020.
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Global Algae products Market Development
- In July 2019, DSM along with Evonik opened their Veramaris 50-50 joint venture’s commercial-scale production facility located in Blair, Neb. U.S. for the commercial production of omega-3 fatty acids rich in DHA and EPA from natural marine algae for sustainable salmon farming. This joint venture by DSM strengthened its animal nutrition and feed business thereby increased its credibility in the market
- In September 2019, Algatech LTD tripled the production of its product fucoxanthin. The increased production by Algatech LTD increased its credibility in the market leading to increased sales and meeting the demand of consumers.
Scope of the Global Algae Products Market
Global algae products market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Switzerland, Netherlands, Belgium, Russia, Denmark, Sweden, Poland, Turkey and Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, New Zealand, Vietnam and Rest of Asia-Pacific, Brazil, Argentina and rest of South America, South Africa, Saudi Arabia, U.A.E., Oman, Qatar, Kuwait and Rest of Middle East and Africa.
- All country based analysis of global algae products market is further analyzed based on further segmentation. Global algae products market on the basis of type, the market is segmented into hydrocolloids, lipids, carotenoids, algal protein, algal antioxidants and other types. On the basis of source, the algae products market is segmented into macroalgae and microalgae. On the basis of form, the algae products market is segmented into solid and liquid. On the basis of application, the algae products market is segmented into food & beverages, nutraceuticals & dietary supplements, personal care, feed, pharmaceuticals, specialty chemical, biofuel, pollution control, paints and colorants, fertilizers and others. On the basis of distribution channel, the algae products market is segmented into indirect and direct.
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Key Pointers Covered in Global Algae Products Market Industry Trends and Forecast to 2027
- Market Size
- Top to Bottom Market Analysis
- Recent Developments for Market Competitors
- Recent Market Value for Different Countries
Key Market Competitors Covered in the Report
- Cyanotech Corporation
- euglena Co.,Ltd.
- BASF SE
- DSM
- ALGENOL
- Corbion
- DuPont
- Cargill, Incorporated
- DIC CORPORATION
- Cellana Inc.
- FENCHEM
- Algatech LTD
- Parry Nutraceuticals
- CP Kelco U.S., Inc.
- Tianjin Norland Biotech Co.,Ltd
- Algea
- Kemin Industries Inc.,
- AlgaeCan Biotech Ltd.
- Sun and Earth (S) Pte Ltd
- Arizona Algae Products, LLC
- ALGAE INTERNATIONAL BERHAD
Above are the key players covered in the report, to know about more and exhaustive list of algae products companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-algae-products-market
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, 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.
Primary Respondents
- Demand Side: Phycologists, Biotechnology Industries, Food and Beverage Industries, Pharmaceutical Industry, Academic Professionals and Researchers
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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