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Algae products market has shown steady growth pattern in recent year’s majorly due to growing demand for algae products from the pharmaceutical and nutraceutical industries, increasing utilization of pigments from microalgae due to strict regulations regarding the use of synthetic colors and flavors, and increasing consumer preference to algae sourced products.Meticulous Research® in its latest publication on algae products market states that the global algae products market will increase at a CAGR of 6.7% from 2017 to 2022 to reach USD 3,318.1 million by 2022. Wherein, geographically, North America commanded the largest share in this market followed by Europe. The major share of North America is mainly attributed to growing U.S nutraceutical market which is primarily driven by aging population, increasing healthcare awareness, and higher incidence of allergies and intolerance. In addition, growing health concerns & awareness and changing lifestyle are significantly impacting all sectors of the food and cosmetic & personal care industries, leading to increased demand for functional food and beverages and personal care products, enriched with functional ingredients and active constituents which further drive the growth of North American algae products market.
The report provides meticulous analysis of global algae products market by segmenting it on the basis of value (medium value, high value, and low value), products (hydrocolloids, carotenoids, omega-3 PUFA, spirulina, chlorella, and others), application (food and feed, nutraceutical, cosmetics, chemicals, and others). Wherein, among product types, hydrocolloids segment commanded the largest share in this market majorly due to growing demand from food, pharmaceutical, medicinal, and biotechnological industries due to their distinct physico-chemical properties such as hydrophilicity, biodegradability, biocompatibility, non-toxicity, pleasant taste & odor; and low cost.
The key players analyzed in the global algae products market are DIC Corporation (Japan), Cellana Inc. (U.S.), Taiwan Chlorella Manufacturing Company (China), Algaetech International Sdn Bhd (Malaysia), Cyanotech Corporation (U.S.), BlueBioTech Int. GmbH (Germany), Algatechologies ltd. (Israel), Pond Technologies Inc. (Canada), E.I.D. - Parry (India) Limited (India), Tianjin Norland Biotech Co., Ltd., (China), AlgaeCan Biotech Ltd. (Canada), Corbion NV (The Netherlands), Qponics Limited (Australia), Royal DSM (The Netherlands), Heliae Development, LLC (U.S.), and Sun Chlorella Corporation (Japan).
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Key Topics Covered in This Report:
1. Introduction
1.1. Market Ecosystem
1.2. Currency and Limitations
1.2.1. Currency
1.2.2. Limitations
1.3. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation
3. Executive Summary
4. Market Insights
4.1. Introduction
4.2. Drivers
4.2.1. Growing Demand for Algae Products from the Pharmaceutical and Nutraceuticals Industries
4.2.2. Increasing Utilization of Pigments from Microalgae Due to Strict Regulations Regarding the
Inclusion of Synthetic Colours and Flavours
4.2.3. Increasing Preference to Algae Sourced Products, especially Omega-3 Fatty Acids
4.2.4. Other Drivers
4.3. Restraints
4.3.1. Complex Production of Algae
4.3.2. Low Awareness About the Benefits of Algae
4.3.3. Other Restraints
4.4. Opportunities
4.4.1. Emergence of New Application Areas
4.4.2. Growing Use of Microalgae in Aquaculture
4.4.3. Growing Use of Algae in Biofuel Production
4.4.4. Other Opportunities
5. Global Algae Products Market, by Type
5.1. Introduction
5.2. Hydrocolloids
5.3. Carotenoids
5.3.1. Beta Carotene
5.3.2. Astaxanthin
5.3.3. Lutein
5.3.4. Others
5.4. Omega 3 Fatty Acids
5.5. Spirulina
5.6. Chlorella
5.7. Others
6. Global Algae Products Market, by Value
6.1. Introduction
6.2. High Value Products
6.3. Medium Value Products
6.4. Low Value Products
7. Global Algae Products Market, by Application
7.1. Introduction
7.2. Food & Feed
7.3. Nutraceutical
7.4. Cosmetics
7.5. Chemicals
7.6. Others
8. Global Algae Products Market, by Geography
8.1. Introduction
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.3.6. RoE
8.4. Asia-Pacific
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. RoAPAC
8.5. RoW
8.5.1. Latin America
8.5.2. Middle East and Africa
9. Competitive Landscape
9.1. New Product Launches
9.2. Collaborations, Partnerships, and Agreements
9.3. Mergers and Acquisitions
9.4. Expansions
9.5. Approvals
10. Company Profiles (Business Overview, Recent Financials, Product Portfolio, Recent Developments)
10.1. DIC Corporation
10.2. Cellana Inc.
10.3. Taiwan Chlorella Manufacturing Company
10.4. Algaetech International Sdn Bhd
10.5. Cyanotech Corporation
10.6. BlueBioTech Int. GmbH
10.7. Algatechnologies Ltd.
10.8. Pond Technologies Inc.
10.9. E.I.D. – Parry (India) Limited
10.10. Tianjin Norland Biotech Co., Ltd
10.11. AlgaeCan Biotech Ltd.
10.12. Corbion NV
10.13. Qponics Limited
10.14. Royal DSM
10.15. Heliae Development, LLC
10.16. Sun Chlorella Corporation
11. Appendix
11.1. Questionnaire
11.2. Available Customization
Download Sample, You will get brief idea about research and its application with this sample copy
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Contact Info:
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Organization: Meticulous Market Research Pvt. Ltd.
Address: Pune, India
Phone: +91 744-7780008
Website: https://www.meticulousresearch.com/product/algae-products-market-forecast-2022/
Release ID: 88890194
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