Algae Products Market to Reach USD 4286.8 Million by 2031 at a CAGR of 4.88% | Valuates Reports
BANGALORE, India, March 14, 2022 /PRNewswire/ -- The Algae Products Market is Segmented by Type (Spirulina, Chlorella, Astaxanthin, Beta Carotene, and Hydrocolloids), Source (Brown Algae, Blue–green Algae, Red Algae, and Green Algae), Form (Solid and Liquid), and Application (Food & Beverages, Nutraceuticals & Dietary Supplements, Personal Care, Feed, Pharmaceuticals, Chemicals, and Fuel): Global Opportunity Analysis and Industry Forecast, 2022–2031.
The global algae products market was valued at USD 2,276.0 Million in 2020, and is projected to reach USD 4286.8 Million by 2031, growing at a CAGR of 4.88% from 2022 to 2031.
Major factors driving the growth of the algae products market are:
An increase in global population, rise in demand for food and customization of functional food product portfolio by manufacturers, increase in the use of algae for the production of livestock, and algae-based biofuel production is expected to drive the growth of the algae products market.
Get Your Sample Today:
https://reports.valuates.com/request/sample/ALLI-Auto-4F298/Algae_Products
TRENDS INFLUENCING THE GROWTH OF ALGAE PRODUCTS MARKET:
Edible algae are considered complete foods because they contain the right amount of proteins, carbohydrates, vitamins, and minerals. Algal therapeutic properties are used to improve and maintain one's health. Algae has antioxidant, anticancer, and antiviral properties that make it useful in medicine. Furthermore, the rising demand for food additives raises the nutritional value of food, which is expected to drive the algae products market even higher.
Animal feed production can be costly; therefore, alternative low-cost, high-quality ingredients are desired to supplement traditional feedstocks in order to meet rising demand. This in turn is expanded to drive the growth of the algae products market during the forecast period. Because of their diverse nutritional profiles, such as carbohydrates, essential fatty acids, amino acids, carotenoids, and vitamins, microalgae have traditionally been used as a sustainable resource for domestic livestock, poultry, and aquaculture production. Microalgae, such as Chlorella, Scenedesmus, and Arthrospira, can be blended into a small portion of the traditional feed to improve growth, health, overall animal physiology, and product quality and quantity, according to research.
Algae fuel, also known as algal biofuel or algal oil, is a liquid fossil fuel substitute that uses algae as a source of energy-rich oils. Algae fuels are also a viable alternative to well-known biofuels like corn and sugarcane. It's called seaweed fuel or seaweed oil when it's made from seaweed (macroalgae). This in turn is expected to drive the growth of the algae products market.
Browse The Table Of Contents And List Of Figures At: https://reports.valuates.com/market-reports/ALLI-Auto-4F298/algae-products
ALGAE PRODUCTS MARKET SHARE:
Based on type, The hydrocolloids segment is expected to be the most lucrative segment during the forecast period.
Based on application, the food and beverage segment is expected to be the most lucrative segment during the forecast period. The demand for this segment is being fueled by factors such as increased awareness about the health benefits of these products.
Based on region, Asia-pacific is expected to be the most lucrative segment, due to an increase in population coupled with growing food demand.
Download Regional Report: https://reports.valuates.com/request/regional/ALLI-Auto-4F298/Algae_Products_Market
Key Players:
- Euglena
- Algae Systems LLC
- Cyanotech Corporation
- Cargill Inc
- Algenol Biofuels Inc.
- BIOPROCESS ALGAE, LLC
- Corbion
- Algatechnologies
- Cellana
- Earthrise Nutritional
Inquire for Chapter Cost: https://reports.valuates.com/request/chaptercost/ALLI-Auto-4F298/Algae_Products
Buy Now for Single User + Covid-19 Impact: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Auto-4F298&lic=single-user
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
SIMILAR REPORTS:
- The global Astaxanthin market was valued at USD 84 Million in 2020 and is expected to reach USD 185.7 Million by the end of 2027, growing at a CAGR of 10.7% during 2021-2027.
- The global Chlorella market was valued at USD 227.3 Million in 2020 and it is expected to reach USD 372.2 Million by the end of 2027, growing at a CAGR of 7.3% during 2021-2027.
- The global Microalgae market was valued at USD 2597 Million in 2020 and is expected to reach USD 3867.3 Million by the end of 2027, growing at a CAGR of 5.8% during 2021-2027.
- Due to the COVID-19 pandemic, the global Algae Protein market size is estimated to be worth USD 421.3 Million in 2022 and is forecast to a readjusted size of USD 514.9 Million by 2028 with a CAGR of 3.4% during the review period.
- Due to the COVID-19 pandemic, the global Beta Carotene market size is estimated to be worth USD 313.4 Million in 2022 and is forecast to a readjusted size of USD 372 Million by 2028 with a CAGR of 2.9% during the review period.
- Global Algae Supplements Market Insights and Forecast to 2028
- Global Algae Omega 3 Market Insights and Forecast to 2028
- Global Spirulina Beverages Market Insights, Forecast to 2028
- Global Plant Hydrocolloids Market Insights and Forecast to 2028
- Global Brown Algae Protein Market Research Report 2021
- Global Red Algae Market Insights, Forecast to 2028
- Global Algae Ingredients Market Insights and Forecast to 2028
- Global Marine Algae Products Market Insights and Forecast to 2028
Click here to see related reports on algae products market
ABOUT US:
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
CONTACT US:
Valuates Reports
[email protected]
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
LinkedIn - https://in.linkedin.com/company/valuatesreports
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
Share this article