Marine Algae Extracts/Products Market to Expand with Significant CAGR by 2025

Posted by Aman Jaiswar on December 6th, 2019

Marine algae are often considered as a nutrient-packed source which find extensive applications in industries such as food, pharmaceutical, and cosmetics. Ranging from amino acids, lipids, and vitamins to polysaccharides, fibers, proteins, and mineral, marine algae absolutely contain almost every nutrient possibly known. A high usage of these algae is mainly attributed to their anti-bacterial, anti-oxidative, antimicrobial, and anti-inflammatory characteristics, thus giving rise to a distinct marine algae extracts/products market. The report covers a plethora of factors associated with this market, thus aiming to provide a valuable insight.

The global marine algae extracts market could be segmented on the basis of product type, end users, and region. Each of these segments is expected to be outlined in significant detail in the report. Competitive landscapes, newest trends and future opportunities, geographical dominance, and several other aspects have been covered in-depth in the report. Expert analyst have compiled the account using primary as well as secondary research data.

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Global Marine Algae Extracts/Products Market: Drivers and Restraints

The global marine algae extracts/products market exhibits an impressive performance thanks to its extensive applications in various industries. A widespread research is being conducted by many businesses to find cures and treatments for highly fatal and chronic diseases. Research on algae extracts forms a crucial part of these studies, wherein the nutrient content of algae is considered to have a significant effect on the illnesses.

In this way, a large research-based emphasis imposed on marine algae species is a foremost driving factor for the global marine algae extracts/products market. Rising initiatives by government as well as private organizations to preserver marine biodiversity also is expected to bode well for this market. Surging number of prospects of creating drugs from algae extracts is anticipated to greatly boost the global marine algae extracts/products market in forthcoming years. The report covers a comprehensive overview of all these driving factors and even lists the future opportunities in this market.

However, stringent government regulation in some economies for the use of the extracts could act as a restraint for the market. Rampant water pollution, oil spills, and garbage disposal in the oceans has an enormous effect on algae colonies, thus hampering their growth. This ultimately affects the algae extraction processes, thus posing as a significant obstacle to this market. However, the ongoing fight against reducing degradation caused to the environment around the globe is expected to offset these restraints.

Global Marine Algae Extracts/Products Market: Geographical Outlook

Region-wise, the global marine algae extracts/products market is spread across North America, Asia Pacific, Latin America, the Middle East and Africa, and Europe. Of these, owing to advancement in biotechnology and healthcare, the market is expect to gain maximum revenue in North America. A strong research-based infrastructure in this region has also contributed towards this region showcasing a healthy performance in this market. Coming as a runner-up in the context of leading regional segments, Europe is also prognosticated to depict an impressive growth in the global marine algae extracts/products market, owing to favorable governmental initiatives promoting research and healthcare activities.

Global Marine Algae Extracts/Products Market: Competitive Landscape

The market exhibits a distinct fragmented vendor landscape thanks to the presence of innumerable players. Most companies are anticipated to expand their business prospects in the forthcoming years by improving their product portfolios and bringing forth product differentiation. Some of the major players in the global marine algae extracts/products market are Ingredients Solutions Inc., CP Kelco ApS, AEP Colloids, Danisco A/S, FMC BioPolymer, Agarmex, Agarmex, CEAMSA, Marinova, Acroyali Holdings Qingdao Co. Ltd., Gelymar SA, Marcel Trading Corporation, Norevo GmbH, and Soriano SA.