Algae Products Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Published Date: September 10, 2020 |

The global algae products market size was estimated at over USD 4billion and has been projected to grow at the CAGR of 5.8% market during 2020-2027. Algae are a large group of various organisms from different phylogenetic groups, embody various taxonomic divisions. Algae are used for a large number of applications and products. Algae are used for a wide range of applications such as food, as biofilters to remove nutrients, in the production of useful compounds, and to remove pollutants from water bodies among others. On the commercial scale, algae are developed for nutraceuticals, chemicals, pharmaceuticals, and aquaculture applications.

Market Insights:

The global algae products market is fragmented into nutraceuticals, food & feed supplements, pharmaceuticals, paints and colorants, pollution control, and others. In the food & feed industry, algae are used as a protein source. High demand is observed for algae products from the food & feed industry in the market. The cosmetic industry is also expected to boost the high demand for algae products in the market, it is used as raw material, specialized functional ingredients, and as bulk extract formulations. Other applications such as paints & colorants, pollution control, and others which include lubricants are also expected to boost the strong demand for algae products in the market.

Europe is the largest consumer of algae products worldwide. Growing demand for algae from the pharmaceutical and neutraceuticals industries is driving the demand for algae products in the region. North America is also expected to boost the high demand for algae products in the future due to growing algae product end-use industries. Other regions such as Asia Pacific, Latin America, and the Middle East and Africa are also expected to boost the growth of the global algae products market during the forecast period from 2020 to 2027.

Market Segment Insights:

An alga is a vital microorganism. On the basis of application, the algae products market is segmented into food & feed supplements, nutraceuticals, paints & colorants, pollution control, pharmaceuticals, and others. Neutraceuticals dominated the global algae products market in 2016. Algae is a rich source of active natural products and nutraceuticals. The nutraceuticals and pharmaceutical content in the algae strain are very little, but the current value of these products in the market is very high. The products under neutraceuticals form algae include dietary supplements, food supplements, and non-food supplements such as tablets, capsules, etc. Food & feed supplements accounted as the second-largest application segment of the global algae products market. It is highly used as a protein source for fish meal in aquaculture. Hence, food and feed supplements are expected to generate high demand for algae products in the market. Other applications such as paints & colorants, pollution control, pharmaceuticals, and other applications are also expected to boost market demand for algae products during the forecast period from 2017 to 2025.

Global Algae Products Market Segmentation:

By Type, 2018–2027 (US$ Mn)

By Source, 2018–2027 (US$ Mn)

  • Brown Algae
  • Blue-green Algae
  • Green Algae
  • Red Algae
  • Others

By Application, 2018–2027 (US$ Mn)

  • Nutraceuticals
  • Food & Feed Supplements
  • Pharmaceuticals
  • Paints & Colorants
  • Pollution Control
  • Others

By Geography, 2015-2025 (US$ Mn)

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

Regional Insights:

Europe has the largest share of the global algae products market in 2016. Growing demand for algae products from nutraceuticals and pharmaceutical industries in Europe has led to the growth of algae products in the market. North America is the second-largest region for the algae products market. The high demand for natural colorants in the North American food processing industry is another factor boosting the growth of the algae products market. The capability of algae to produce Omega-3 oils makes it a suitable product for replacing volatile priced fish oil and fishmeal products. Hence, high demand is reported for algae products from North America. The Asia Pacific accounted for the third-largest market for algae products and is expected to boost the growth of the global algae products market in the near future.

Market Competition Assessment:

The major players currently operating in the global algae products market include Algaetech International, Alltech Algae, Aurora Algae, BlueBioTech International, Cellana Inc, Cyanotech Corporation, Dic Lifetec Co. Ltd., Fuqing King DnarmsaSpirulina Co., Ltd, Parry Nutraceuticals, and Taau Australia Pty. Ltd.

List of Key Companies:

  • Algaetech International
  • Alltech Algae
  • Aurora Algae
  • BlueBioTech International
  • Cellana Inc
  • Cyanotech Corporation.
  • Dic Lifetec Co. Ltd.
  • Fuqing King DnarmsaSpirulina Co., Ltd
  • Parry Nutraceuticals
  • Taau Australia Pty. Ltd

Key Questions Answered by Algae Products Market Report

  • Global algae products market forecasts from 2020-2027
  • Regional algae products market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East, and Africa, and Latin America
  • Country-level forecasts from 2020-2027 covering 15 major countries from the aforementioned regions
  • Algae Products submarket forecasts from 2020-2027 covering submarket 1, submarket 2 submarket 3
  • Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to the algae products market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level algae products markets from 2020-2027
  • Competitive Landscape and market positioning of top 10 players operating in the algae products market

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Table of Content:


Chapter 1 Preface


1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions

Chapter 2 Executive Summary


2.1 Global Algae Products Market Portraiture
2.3 Global Algae Products Market, by Application, 2019 (US$ Mn)
2.4 Global Algae Products Market, by Geography, 2019 (Value %)

Chapter 3 Global Algae Products Market Analysis


3.1 Global Algae Products Market Overview
3.2 Major Market Trends and Key Takeaways
3.3 Market Dynamics
3.3.1 Market Drivers
3.3.1.1 Rise in Health Awareness Among The Consumer
3.3.2 Challenges
3.3.2.1 Presence of Various Other Cheap Alternatives
3.3.3 Opportunities
3.4 Attractive Investment Proposition
3.5 Competitive Analysis: Global Algae Products Market, 2019 (Value %)

Chapter 4 Global Algae Products Market, by Type, 2018-2027 (US$ Mn)


4.1 Preface
4.2 Lipids
4.3 Carrageenan
4.4 Carotenoids
4.5 Algal protein
4.6 Alginate
4.7 Others

Chapter 5 Global Algae Products Market, by Source, 2018-2027 (US$ Mn)


5.1 Preface
5.2 Brown algae
5.3 Blue-green algae
5.4 Green algae
5.5 Red algae
5.5 Others

Chapter 6 Global Algae Products Market, by Application, 2018-2027 (US$ Mn)


6.1 Preface
6.2 Nutraceuticals
6.3 Food & Feed Supplements
6.4 Pharmaceuticals
6.5 Paints & Colorants
6.6 Pollution Control
6.7 Others

Chapter 7 Global Algae Products Market, by Geography, 2018-2027 (US$ Mn)


7.1 Preface
7.2 North America (U.S. & Canada)
7.3 Europe (U.K., Germany & Rest of Europe)
7.4 Asia Pacific (China, Japan, Singapore, South Korea and Rest of APAC)
7.5 Latin America (Mexico, Brazil and Rest of LATAM)
7.6 Middle East and Africa (GCC, and Rest of Middle East and Africa)

Chapter 8 Company Profiles


8.1 Algaetech International
8.2 Alltech Algae
8.3 Aurora Algae
8.4 BlueBioTech International
8.5 Cellana Inc
8.6 Cyanotech Corporation.
8.7 Dic Lifetec Co. Ltd.
8.8 Fuqing King DnarmsaSpirulina Co., Ltd
8.9 Parry Nutraceuticals
8.9 Taau Australia Pty. Ltd.
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