Algae Products Market by Size, Share, Trends - Forecast 2022Posted by Savi Bnagar on December 12th, 2019 Microalgae are the major photosynthesizers on earth and produce important pigments that include chlorophyll a, b and c, β-carotene, astaxanthin, xanthophyll’s, and phycobiliproteins. Presently, synthetic colorants are used in food, cosmetic, nutraceutical, and pharmaceutical industries. Algae Products Market by Value (Medium Value, High Value, And Low Value), Products (Hydrocolloids, Carotenoids, Omega-3 PUFA, Spirulina, Chlorella), Application (Food and Feed, Nutraceutical, Cosmetics, Chemicals) – Forecast 2022 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). Here are the top 10 companies in algae products market – https://meticulousblog.org/top-companies-algae-products-market/ Scope of the report – Algae Products Market by Value
Algae Products Market by Product
Algae Products Market by Application
Algae Products Market by Geography
Key questions answered in the report: Growing food & feed and nutraceutical application help to drive the adoption of algae products
The North American algae products market favors larger providers that compete in multiple segments
Recent partnerships, acquisitions, and expansions have taken place in the algae products market
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