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Global Algae Products Market to reach USD 6.7 billion by 2027.

Global Algae Products Market Size study, by Type (Lipids, Carrageenan, Carotenoids, Algae Protein, Alginates, Other Types), by Application (Food & Beverage, Nutraceutical & Diet Supplement, Animal Feed, Personal care, Pharmaceutical, Other Applications), by Source (Brown Algae, Blue-Green Algae, Green Algae, Red Algae, Other Sources), by Form (Solid, Liquid) and Regional Forecasts 2021-2027

Product Code: OIRCGS-57420523
Publish Date: 5-10-2021
Page: 200

Global Algae Products Market is valued approximately at USD 4.4 billion in 2020 and is anticipated to grow with a healthy growth rate of about 6.3% over the forecast period 2021-2027. Algae products are feed formulations or food which are prepared by micro or macro – algae. Commonly used algae in the algae products include kelp, seaweed, spirulina and chlorella. Owing to high nutrient excellence, algae products find application across nutraceuticals, feed and food supplements, pollution control and pharmaceuticals. The global algae products market is being driven by consumer awareness regarding health benefits of Omega – 3 and growing demand in the pharmaceutical industry. Furthermore, rising demand for natural ingredients by consumers will provide new opportunities for the global algae products industry. Market players across the globe are strengthening their presence in the market through different strategic initiatives. For instance, in 2020, Cyanotech Corporation launched BioAstin Hawaiian Astaxanthin which is a new delivery form, a water-dispersible powder and available in both, 1% and 2% concentrations. BioAstin Hawaiian Astaxanthin antioxidant is derived from natural Haematococcus pluvialis micro-algae. In 2020, Cargill launched WavePure ADG series, sourced from Gracilaria red seaweed. Such strategic initiatives taken by the market players are expected to proliferate the adoption of algae products which is expected to boost the market growth. However, impact of climatic conditions on algae production may impede market growth over the forecast period of 2021-2027.
On the basis of region, the global algae products market is segmented into Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America accounts to be the dominating region in terms of market revenue in the global algae products and is expected to maintain its dominance during the forecast period 2021-2027. Growth in industries, such as nutraceutical, pharmaceutical, food & beverage, and dietary supplement, rise in health-conscious of consumers, increase in the use of lipids such as omega-3, etc. are some of the major factors which are expected to contribute towards the dominance of the North American region in the forecast years.

Major market player included in this report are:
DSM
BASF
Cyanotech Corporation
Cargill
Dupont
CP Kelco
Corbion
Fenchem Biotech
Algatech
E.I.D Parry

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Lipids
Carrageenan
Carotenoids
Algae protein
Alginates
Other types
By Application:
Food & beverage
Nutraceutical & diet supplement
Animal feed
Personal care
Pharmaceutical
Other applications
By Source:
Brown algae
Blue-green algae
Green algae
Red algae
Other sources
By Form:
Solid
Liquid
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Algae Products Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Algae Products Market, by Region, 2019-2027 (USD Billion)
1.2.2. Algae Products Market, by Type, 2019-2027 (USD Billion)
1.2.3. Algae Products Market, by Application, 2019-2027 (USD Billion)
1.2.4. Algae Products Market, by Source, 2019-2027 (USD Billion)
1.2.5. Algae Products Market, by Form, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Algae Products Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Algae Products Market Dynamics
3.1. Algae Products Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Consumer awareness regarding health benefits of Omega – 3
3.1.1.2. Growing demand in the pharmaceutical industry
3.1.2. Market Restraint
3.1.2.1. Impact of climatic conditions on algae production
3.1.3. Market Opportunities
3.1.3.1. Rising demand for natural ingredients by consumers
Chapter 4. Global Algae Products Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Algae Products Market, by Type
a. Market Snapshot
5.1. Global Algae Products Market by Type, Performance – Potential Analysis
5.2. Global Algae Products Market Estimates & Forecasts by Type 2018-2027 (USD Billion)
5.3. Algae Products Market, Sub Segment Analysis
5.3.1. Lipids
5.3.2. Carrageenan
5.3.3. Carotenoids
5.3.4. Algae protein
5.3.5. Alginates
5.3.6. Other types
Chapter 6. Global Algae Products Market, by Application
b. Market Snapshot
6.1. Global Algae Products Market by Application, Performance – Potential Analysis
6.2. Global Algae Products Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
6.3. Algae Products Market, Sub Segment Analysis
6.3.1. Food & beverage
6.3.2. Nutraceutical & diet supplement
6.3.3. Animal feed
6.3.4. Personal care
6.3.5. Pharmaceutical
6.3.6. Other applications
Chapter 7. Global Algae Products Market, by Source
c. Market Snapshot
7.1. Global Algae Products Market by Source, Performance – Potential Analysis
7.2. Global Algae Products Market Estimates & Forecasts by Source 2018-2027 (USD Billion)
7.3. Algae Products Market, Sub Segment Analysis
7.3.1. Brown algae
7.3.2. Blue-green algae
7.3.3. Green algae
7.3.4. Red algae
7.3.5. Other sources
Chapter 8. Global Algae Products Market, by Form
d. Market Snapshot
8.1. Global Algae Products Market by Form, Performance – Potential Analysis
8.2. Global Algae Products Market Estimates & Forecasts by Form 2018-2027 (USD Billion)
8.3. Algae Products Market, Sub Segment Analysis
8.3.1. Solid
8.3.2. Liquid
Chapter 9. Global Algae Products Market, Regional Analysis
9.1. Algae Products Market, Regional Market Snapshot
9.2. North America Algae Products Market
9.2.1. U.S. Algae Products Market
9.2.1.1. Type breakdown estimates & forecasts, 2018-2027
9.2.1.2. Application breakdown estimates & forecasts, 2018-2027
9.2.1.3. Source breakdown estimates & forecasts, 2018-2027
9.2.1.4. Form breakdown estimates & forecasts, 2018-2027
9.2.2. Canada Algae Products Market
9.3. Europe Algae Products Market Snapshot
9.3.1. U.K. Algae Products Market
9.3.2. Germany Algae Products Market
9.3.3. France Algae Products Market
9.3.4. Spain Algae Products Market
9.3.5. Italy Algae Products Market
9.3.6. Rest of Europe Algae Products Market
9.4. Asia-Pacific Algae Products Market Snapshot
9.4.1. China Algae Products Market
9.4.2. India Algae Products Market
9.4.3. Japan Algae Products Market
9.4.4. Australia Algae Products Market
9.4.5. South Korea Algae Products Market
9.4.6. Rest of Asia Pacific Algae Products Market
9.5. Latin America Algae Products Market Snapshot
9.5.1. Brazil Algae Products Market
9.5.2. Mexico Algae Products Market
9.6. Rest of The World Algae Products Market
Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. DSM
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. BASF
10.2.3. Cyanotech Corporation
10.2.4. Cargill
10.2.5. Dupont
10.2.6. CP Kelco
10.2.7. Corbion
10.2.8. Fenchem Biotech
10.2.9. Algatech
10.2.10. E.I.D Parry
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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