Algae Products Market by Size, Share, Trends - Forecast 2022

Posted 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

  • Medium value
  • High value
  • Low value

Algae Products Market by Product

  • Hydrocolloids
  • Carotenoids
  • Omega-3 PUFA
  • Spirulina
  • Chlorella
  • Others

Algae Products Market by Application

  • Food and Feed
  • Nutraceutical
  • Cosmetics
  • Chemicals
  • Others

Algae Products Market by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of APAC (RoAPAC)
  • Latin America
  • Middle East & Africa                       

Key questions answered in the report:

Growing food & feed and nutraceutical application help to drive the adoption of algae products

  • How does the penetration of algae products in food & feed and nutraceutical application differ from other applications?
  • Which are the high growth market segments in terms of value, products, and regions/countries?

 The North American algae products market favors larger providers that compete in multiple segments

  • Who are the top competitors in this market and what strategies do they employ to gain shares?
  • Which segments of algae products market are expected to offer lucrative revenue growth over the forecast period and why?
  • What strategies should the new companies focus to enter this market and to compete effectively?
  • Who are the major players in various countries and what share of the market do they hold?
  • What are the geographic trends and high growth regions/ countries?

 Recent partnerships, acquisitions, and expansions have taken place in the algae products market

  • What companies have recently merged/acquired and how will these unions affect the competitive landscape of the algae products market?
  • What companies have created partnerships and how will these partnerships promote a competitive advantage?
  • Who are the major players in the global algae products market and what share of the market do they hold?
  • Who are the local emerging players in the global algae products market and how do they compete with the global players?

You will get brief idea about research and its application with this sample copy
https://www.meticulousresearch.com/download-sample-report/cp_id=3579

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Meticulous Research®
Email- sales@meticulousresearch.com
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Savi Bnagar

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Savi Bnagar
Joined: September 17th, 2019
Articles Posted: 11

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