The Global Algae Products Market has been projected to grow at the CAGR of 5.8% market during 2017-2025. In 2016, the market has generated the revenue of $ 26.86 billion and is expected to reach $ 44.7 billion in terms of revenue by 2025.
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 wide range of applications such as food, as biofilters to remove nutrients, in production of useful compounds and to remove pollutants from water bodies among others. On commercial scale algae are developed for neutraceuticals, chemicals, pharmaceuticals and aquaculture applications.
Market Segment Insights
Algae is a vital microorganisms. On the basis of application, algae products market is segmented into food & feed supplements, neutraceuticals, 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 neutraceuticals. The neutraceuticals and pharmaceutical content in the algae strain is 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 global algae products market. It is highly used as 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.
Europe has the largest share of global algae products market in 2016. Growing demand for algae products from neutraceuticals and pharmaceutical industries in Europe has led to growth of algae products in the market. North America is the second largest region for algae products market. High demand for natural colorant in North America food processing industry is another factor boosting growth of 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. Asia Pacific accounted as the third largest market for algae products and is expected to boost growth of 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.
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
Chapter 2 Executive Summary
2.1 Global Algae Products Market Portraiture
2.3 Global Algae Products Market, by Application, 2016 (US$ Mn)
2.4 Global Algae Products Market, by Geography, 2016 (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
184.108.40.206 Rise in Health Awareness Among The Consumer
220.127.116.11 Presence of Various Other Cheap Alternatives
3.4 Attractive Investment Proposition
3.5 Competitive Analysis: Global Algae Products Market, 2016 (Value %)
Chapter 4 Global Algae Products Market, by Application, 2015-2025 (US$ Mn)
4.3 Food & Feed Supplements
4.5 Paints & Colorants
4.6 Pollution Control
Chapter 5 Global Algae Products Market, by Geography, 2015-2025 (US$ Mn)
5.2 North America (U.S. & Canada)
5.3 Europe (U.K., Germany & Rest of Europe)
5.4 Asia Pacific (China, Japan, Singapore, South Korea and Rest of APAC)
5.5 Latin America (Mexico, Brazil and Rest of LATAM)
5.6 Middle East and Africa (GCC, and Rest of Middle East and Africa)
Chapter 6 Company Profiles
6.1 Algaetech International
6.2 Alltech Algae
6.3 Aurora Algae
6.4 BlueBioTech International
6.5 Cellana Inc
6.6 Cyanotech Corporation.
6.7 Dic Lifetec Co. Ltd.
6.8 Fuqing King DnarmsaSpirulina Co., Ltd
6.9 Parry Nutraceuticals
6.10 Taau Australia Pty. Ltd.