Algae Products Market - Trends Forecast Till 2028

Algae Products Market – Trends Forecast Till 2028

The Algae Products Market size is projected to reach a CAGR of 7.3% from 2021 to 2028.

Algae are photosynthetic, oxygen-exhaling, unicellular, or multicellular microorganisms with diverse characteristics such as consumption of carbon-dioxide, storage of essential nutrients, minerals, and vitamins in microorganisms.

Rise in global population and increase in demand for food and customization of functional food product portfolio by manufacturers are some of the factors that have supported long-term expansion for Algae Products Market.

The North American algae products market has been experiencing tremendous growth. The US acquired the largest share of the North American algae products market.

Algae Products Market is segmented into type, application, form, source and region.

On the basis of Type

• Lipids
• Carrageenan
• Carotenoids
• Algae protein
• Alginates
• Other types (agar, algal flour, and dried algae)

On the basis of Application

• Food & beverage
• Nutraceutical & diet supplement
• Animal feed
• Personal care
• Pharmaceutical
• Other applications (infant food, fortified food, and pet food)

On the basis of Form

• Solid
• Liquid

On the basis of Source 

• Brown algae
• Blue-green algae
• Green algae
• Red algae
• Other sources (yellow-brown and golden algae)

On the basis of Region

• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa

Insights are provided for each region and major countries within the regions

 

Key Players

• Euglena Co., Ltd.
• Algae Systems LLC.
• Cyanotech Corporation
• Cargill, Incorporated.
• Algenol Biofuels Inc.
• BIOPROCESS ALGAE, LLC
• Corbion
• Algatechnologies Ltd.
• Cellana Inc.

Recent Developments

• In October 2020, Cyanotech Corporation announced the launch of BioAstin Hawaiian Astaxanthin is a new delivery form, water-dispersible powder, available in both 1% and 2% concentrations. BioAstin Hawaiian Astaxanthin is a powerful antioxidant derived from natural Haematococcus pluvialis microalgae grown on the Kona Coast of the Big Island of Hawaii.
• In February 2020, Cargill introduced the WavePure ADG series that is sourced from Gracilaria red seaweed, which is considered a traditional food ingredient in the European Union.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Algae Products Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature	Descriptions
Growth Rate	CAGR of 7.3% during the forecasting period, 2021-2028
Historical Data	2018-2019
Forecast Years	2021-2028
Base Year	2020
Units Considered	Revenue in USD billion and CAGR from 2021 to 2028
Report Segmentation	type, application, form, source and region.
Report Attribute	Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling
Regional Level Scope	North America, Europe, Asia-Pacific, South America, and Middle East and Africa
Country Level Scope	U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)
Companies Profiled	euglena Co., Ltd., Algae Systems LLC., Cyanotech Corporation, Cargill, Incorporated, Algenol Biofuels Inc., BIOPROCESS ALGAE, LLC, Corbion, Algatechnologies, Cellana Inc., and Earthrise Nutritional.
Available Customization	In addition to the market data for Algae Products Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.