Algae Products - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Algae Products market is accounted for $3.40 billion in 2017 and is expected to reach $6.09 billion by 2026 growing at a CAGR of 6.7%. Factors such as rising demand for algae products from the nutraceuticals and pharmaceutical industries, increase in global population and rising usage of microalgae pigments. However, impact of climatic conditions on algae production and rising health problems are hampering the market growth in this region.
Algae are the new sustainable super ingredients that are poised to transform several large industries. Algae are fast growing plant organisms that convert sunlight, CO2, and nutrients into organic matter that can replace many commonly used oils such as fish, palm etc. It is an effective carbon sink, water nutrient filter, and land/waterefficient source of food and fuel energy that is quickly being recognized as a sustainability solution around the globe.
Based on application, food & beverage segment is projected to grow due to the wide applications of algae biomass in manufacturing nutraceuticals. Nutraceuticals may include herbal products, dietary supplements and isolated nutrients among others which are used on a large scale in the market worldwide. Algae can form numerous compounds that are currently present in nutraceuticals and have the potential to become more intensively exploited.
In terms of geography, North America is anticipated to grow due to growing healthcare awareness and increasing incidences of health allergies. Moreover, Asia Pacific is also expected to grow during the forecast period owing to increasing demand from food & feed supplements and nutraceuticals industry.
Some of the key players in the Algae Products market include Cargill, BASF, Kerry, Fenchem Biotek, DIC Corporation, Dowdupont, Parry Nutraceuticals, Cellana Inc, Algaetech International, DSM , Cyanotech Corporation, Corbion, Algatechnologies, E.I.D. Parry, Aurora Algae, Ingredion, Roquette Frères and Alltech Alga.
• Carotenoids and Pigments
• Omega 3 Fatty Acids
• Algal Protein
• Other Types
• Low Value Products
• Medium Value Products
• High Value Products
• Blue-green Algae
• Red Algae
• Green Algae
• Brown Algae
• Other Sources
Sales Channels Covered:
• Nutraceuticals & Dietary Supplements
• Personal Care Products
• Food & Beverages
• Animal & Aquaculture Feed
• Pollution Control
• Paints & Colorants
• Other Applications
- North America
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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- Market share assessments for the regional and country level segments
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- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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