Global Algae Products Market (2021 to 2026) - Growth in Demand for Natural Ingredients by Consumers Presents Opportunities
DUBLIN, Oct. 28, 2021 /PRNewswire/ --
The "Global Algae Products Market by Type (Lipids, Carotenoids, Carrageenan, Alginate, Algal Protein), Facility Type, Form (Liquid, Solid), Source (Brown Algae, Green Algae, Red Algae, Blue-green Algae), and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
According to the publisher, the global algae products market size is estimated to be valued at USD 4.7 billion in 2021 and projected to reach USD 6.4 billion by 2026, recording a CAGR of 6.3% during the forecast period.
The awareness regarding the health benefits of algae products is one of the key factors that is gaining consumer attention.
By type, lipids are projected to dominate the market during the forecast period
Lipids are energy-rich organic compounds that are insoluble in water. Certain amounts of lipids are essential for healthy body functions. They help in absorbing and using vitamins A, D, E, and K in the human body. They are also important for internal signaling systems and are a part of cell walls. Omega-3, omega-6, and omega-9 are the different types of lipids.
It is a unique form of dietary fats that impart a wide range of health benefits and are derived from algae. Algae have become the major alternative sources to produce lipids to fulfill the growing demand from the vegan population.
By source, brown algae is projected to dominate the market during the forecast period
Brown algae find application in aquatic feed and direct human consumption as food. It possesses anti-hypothyroid, antirheumatic, antibacterial, anticoagulant, and antioxidant properties; hence, it is useful in the nutraceuticals industry as well.
Simultaneously, brown seaweeds used as sea vegetables or for colloid extraction contain less than 15% protein on a dry weight basis.
The Asia Pacific region is projected to record the highest growth rate during the forecast period
The Asia Pacific region is expected to witness the fastest growth in the algae products market; this is attributed to the expected growth in consumption of algae products in food & beverage, pharmaceutical, and animal feed; and the rise in population in the region.
The algae products market is segmented region-wise, with a detailed analysis of each region. These regions include Asia Pacific, North America, Europe, South America and Rest of the World including Africa and the Middle East.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Brief Overview of the Algae Products Market
4.2 Asia Pacific Algae Products Market, by Source and Country
4.3 Algae Products Market, by form and Region
4.4 Algae Products Market, by Region
4.5 Algae Products Market, by Key Country
5 Market Overview
5.1 Introduction
5.2 Macroeconomic Indicators
5.2.1 Increasing Global Population
5.2.2 Innovative Technologies for the Extraction of Algae
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Consumer awareness regarding the health benefits of Omega-3
5.3.1.2 Multi-industry coverage
5.3.1.3 Growth in consumer awareness regarding the health benefits of algae-based products
5.3.2 Restraints
5.3.2.1 Lack of R&D activities in under-developed countries
5.3.2.2 Impact of climatic conditions on algae production
5.3.3 Opportunities
5.3.3.1 Growing demand in the pharmaceutical industry
5.3.3.2 Government and private initiatives supporting research & development in algaculture
5.3.3.3 Growth in demand for natural ingredients by consumers
5.3.4 Challenges
5.3.4.1 High production costs restricting the entry of smaller players
5.3.4.2 Difficulty in meeting the requisite quality standards
5.4 Impact of COVID-19 On the Market Dynamics
6 Industry Trends
6.1 Introduction
6.2 Trends/Disruptions Impacting Buyers
6.3 Value Chain Analysis
6.4 Ecosystem Map
6.4.1 Raw Material Suppliers
6.4.2 Manufacturers
6.5 Supply Chain Analysis
6.5.1 Raw Material Sourcing
6.5.2 Manufacturing
6.5.3 Distribution, Marketing, and Sales
6.6 Trade Analysis of Algae Products As A Commodity Across Major Countries
6.7 Technology Analysis
6.7.1 Development of Seaweed Cultivation:
6.7.2 Use of Advanced Centrifuge Technology:
6.7.3 Application of Boom Algae for Brewing:
6.8 Patent Analysis
6.9 Porter's Five forces Analysis
6.10 Case Study Analysis
7 Regulations
7.1 North America
7.1.1 US
7.2 Europe
7.2.1 France
7.3 Asia Pacific
7.3.1 China
7.3.2 India
7.4 South America
7.4.1 Brazil
8 Algae Products Market, by Type
8.1 Introduction
8.1.1 COVID-19 Impact On Algae Products Market, by Type
8.1.1.1 Realistic Scenario
8.1.1.2 Pessimistic Scenario
8.1.1.3 Optimistic Scenario
8.2 Lipids
8.2.1 Lipids Sourced From Algae Pose As Optimum Alternatives To Fish Oil
8.3 Carrageenan
8.3.1 Carrageenan Finds Extensive Application In Pharmaceuticals and Food & Beverages
8.4 Carotenoids
8.4.1 Lutein & Astaxanthin Are the Most Important Carotenoids Sourced From Algae
8.5 Algal Protein
8.5.1 The Nutraceutical Industry offers Lucrative Opportunities for the Growth of the Algal Protein Market
8.6 Alginate
8.6.1 Alginate Is Widely Used As A Blending Agent In Food and Beverages
8.7 Other Types
8.7.1 Agar Finds Application As A Thickening and Stabilizing Agent
9 Algae Products Market, by form
9.1 Introduction
9.1.1 COVID-19 Impact On the Algae Products Market, by form
9.1.1.1 Realistic Scenario
9.1.1.2 Optimistic Scenario
9.1.1.3 Pessimistic scenario
9.2 Solid
9.2.1 Increased Shelf Life of Algae Products In the Solid form
9.3 Liquid
9.3.1 Growing Applications In Pharmaceuticals
10 Algae Products Market, by Source
10.1 Introduction
10.1.1 COVID-19 Impact On the Algae Products Market, by Source
10.1.1.1 Realistic scenario
10.1.1.2 Optimistic scenario
10.1.1.3 Pessimistic scenario
10.2 Brown Algae
10.2.1 Fucoxanthin Driving the Growth of Brown Algae
10.2.2 Carotenoids: Fucoxanthin
10.2.3 Phlorotannins
10.3 Blue-Green Algae
10.3.1 Functional Properties of Blue-Green Algae Driving the Market
10.4 Red Algae
10.4.1 Growing Industrial Applications of Carrageenan Driving the Growth of Red Algae
10.4.2 Porphyra Spp.
10.4.3 Palmaria Palmata
10.5 Green Algae
10.5.1 Growing Consumption of Omega-3 Driving the Green Algae Market
10.6 Other Sources
11 Algae Products Market, by Application
11.1 Introduction
11.1.1 COVID-19 Impact On Algae Products Market, by Application
11.1.1.1 Realistic Scenario
11.1.1.2 Pessimistic Scenario
11.1.1.3 Optimistic Scenario
11.2 Food & Beverages
11.2.1 Popularity of Healthy Beverages and Plant-Sourced Food Products
11.3 Nutraceuticals & Dietary Supplements
11.3.1 Algae-Based Omega-3 Supplements Gaining Popularity
11.4 Feed
11.4.1 Algae Products Are Widely Used In Aquaculture
11.5 Personal Care Products
11.5.1 Anti-Inflammatory Properties of Algae Driving the Personal Care Segment
11.6 Pharmaceuticals
11.6.1 Antibiotic Properties of Algae Products Fueling their Demand for Use In Pharmaceutical Applications
11.7 Other Applications
11.7.1 Algae Products Find Increasing Application In Textiles and Fertilizers
12 Algae Products Market, by Region
13 Competitive Landscape
13.1 Key Player Strategies/Right To Win
13.2 Revenue Analysis
13.3 Market Share Analysis, 2020
13.4 Company Evaluation Quadrant
13.4.1 Stars
13.4.2 Pervasive Players
13.4.3 Emerging Leaders
13.4.4 Participants
13.5 Competitive Benchmarking
13.6 Company Evaluation Quadrant (Start-Ups/SMEs)
13.6.1 Progressive Companies
13.6.2 Starting Blocks
13.6.3 Responsive Companies
13.6.4 Dynamic Companies
13.7 Competitive Scenario and Trends
13.7.1 Product Launches
13.7.2 Deals
14 Company Profiles
14.1 Key Players
14.1.1 DSM
14.1.2 BASF
14.1.3 Cyanotech Corporation
14.1.4 Cargill
14.1.5 Dupont
14.1.6 Cp Kelco
14.1.7 Corbion
14.1.8 Fenchem Biotech
14.1.9 Algatech
14.1.10 E.I.D Parry
14.2 Other Players
14.2.1 Algea
14.2.2 Spira
14.2.3 Algenol
14.2.4 Cellana
14.2.5 Algaecan Biotech Ltd.
14.2.6 Earthrise Nutrionals Llc
14.2.7 TBK Manufacturing Corporation
14.2.8 Accel Carrageenan Corporation
14.2.9 Karaindo
14.2.10 Astareal AB
15 Adjacent & Related Markets
16 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/53759h
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