Algae Products Market Sees Promising Growth| Stärke GmbH, Sms Corporation Co.

Posted by Andre on August 29th, 2019

The Algae Products Market is expected to reach USD 5.60 billion by 2025, from USD 3.72 billion in 2017 growing at a CAGR of 5.3% during the forecast period of 2018 to 2025. Key players profiled in this report are Stärke GmbH, Sms Corporation Co. Ltd, Global Bio-Chem Technology Group Company Limited, SPAC STARCH PRODUCTS (INDIA) LTD., Qingdao Cbh Co., Ltd., Beneo-Remy N.V., China Essence Group Ltd, Samyang Genex Corp, Ulrick & Short Ltd., Grain Processing Corporation, Roquette Frères

Market drivers:

•          Raising consumer awareness regarding health benefits of algae-based products
•          Alternate food source and food ingredient
•          Growing multi industry coverage

Market restraint:

•          Advanced high impact of climate condition on algae production
•          High cost of processing

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Competitive Landscape: Global Algae Products Market

The global algae products market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Algae Products market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

In, July, 2013, BASF SE and National Prawn Company (Saudi Arabia) had signed an agreement on collaboration in the field of algae technology.

Segmentation: Global Algae Products Market

Global Algae Products Market By Type (Lipids, Carrageenan, Carotenoids, Algal Protein, Alginate, Others)

 Source (Brown Algae, Blue-Green Algae, Red Algae, Green Algae, Others)

Form (Solid, Liquid), Application (Food & Beverages, Nutraceuticals & Dietary Supplements, Feed, Personal Care Products, Pharmaceuticals, Others)

Geography (North America, South America, Europe, Asia-Pacific, Middle East And Africa) – Industry Trends and Forecast to 2025

Key Insights in the report:

•          Historical and current market size and projection up to 2025.
•          Market trends impacting the growth of the global algae products market.
•          Analyze and forecast algae products market on the basis of type, source, form and application.
•          Trends of key regional and country-level markets for type, source, form and application.
•          Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.

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