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Algae Products Market

Algae Products Market Size, Share & Segmentation by Type (Chlorella, Spirulina, Other), by Application (Poultry, Swine, Ruminant, Aquaculture, Other) by Regions and Global Market Forecast 2022-2028

Report Id: SNS/F&B/1392 | May 2022 | Region: Global | 120 Pages

Report Scope & Overview:

The Algae Products Market created US$ 4.7 billion in 2021 and is supposed to reach US$ 7.1 billion by 2028, developing at a CAGR of 6.1% from 2022 to 2028.

Algae are photosynthetic, oxygen-breathing microorganisms that can be unicellular or multicellular. These attributes help Algae in consuming carbon dioxide (CO2) and gathering significant minerals, nutrients, and supplements. The plant involves it as both fuel and food. Algae are regularly found in ocean growth, chlorella, and kelp-based Algae products. Algae products are high in protein and incorporate essential amino acids, which help in the improvement of human metabolic exercises like catalyst development.

Algae Products Market Revenue Graph

The Algae products market is, to begin with, driven by the changing dietary inclinations among purchasers and the change in perspective toward preventive well-being the executives rehearse amid rising medical care costs and the rising weight of way of life-related infections.

The developing geriatric populace, combined with the rising commonness of persistent circumstances, is expected to drive the development of Algae products across the World. In addition, purchaser mindfulness about natural variations and their utilitarian properties has been a critical driver for the development. As it likewise upholds in-susceptibility improvement, the post-COVID-19 circumstance is anticipated to observe steep deals for the Algae supplements.

Market Dynamics:

Driving Factors:

  • Rising medical care costs all over the planet.

  • Expanding commonness and buyer mindfulness about omega-3 for preventive medical services.

  • The improvement of business results and Algae-based biofuel creation innovation.

Restraining Factors:

  • Absence of R&D exercises in immature nations.

  • Less awareness

Opportunities:

  • The ascent in the public authority and private drives supporting innovative work in hydroponics.

  • Developing interest in the drug business.

Challenges:

  • High creation costs limit the passage of more modest players.

  • The significant expense of creation and effect of climatic circumstances on the development of Algae.

Impact Of Covid-19:

The Covid-19 pandemic reasonably affected the Algae products market, because of interruption of the store network, the conclusion of assembling offices, and difficulties in the acquirement of natural substances.

Nonetheless, the interest for Algae products is supposed to ascend from here on out, attributable to an increment in shopper mindfulness about the advantages of Algae products and a flood in customer use on utilization of quality food products.

Market Estimations:

According to the worldwide Algae products market investigation, it is portioned into type, source, structure, application, and area. Contingent upon the type, the market is isolated into spirulina, chlorella, astaxanthin, beta carotene, and Hydrocolloids. Based on the source, it is arranged into earthy colored Algae, blue Algae, Red Algae, Algae, and others. By structure, it is bifurcated into strong and fluid. The application section involves food and drinks, nutraceuticals and dietary enhancements, individual consideration, compounds, feed, and drugs.

Key Market Segments:

Based on value:

  • Medium value

  • High value

  • Low value

Based on product type:

  • Hydrocolloids

  • Carotenoids

  • Omega-3 pufa

  • Spirulina

  • Chlorella

  • Others

Based on application:

  • Food and feed

  • Nutraceutical

  • Cosmetics

  • Chemicals

  • Others

Algae Products Market Segment Chart

Regional Analysis:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

The North American Algae products market has been encountering gigantic development. The US gained the biggest portion of the North American Algae products market. Developing ventures, like food and drink, nutraceutical, drug, and dietary enhancement, have altogether added to the development of the Algae Products market in the US.

The rising populace in the nation is one more element that is supposed to help the interest in Algae products. An expansion in well-being cognizant shoppers has prompted the expanded utilization of lipids, for example, omega-3 in nutraceutical and dietary enhancement products, which has offered a market an open door for Algae-based omega-3 products.

Key Players:

Caldic B.V., Archer Daniels Midland Company, Cargill, Incorporated, DuPont de Nemours, Inc., TBK Manufacturing Corporation, Kerry Group Plc.

Algae Products Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 4.7 Billion
Market Size by 2028 US$ 7.1 Billion
CAGR CAGR 6.1% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Type (Chlorella, Spirulina, Other)
• by Application (Poultry, Swine, Ruminant, Aquaculture, Other)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Caldic B.V., Archer Daniels Midland Company, Cargill, Incorporated, DuPont de Nemours, Inc., TBK Manufacturing Corporation, Kerry Group Plc.
Key Drivers • Rising medical care costs all over the planet.
• Expanding commonness and buyer mindfulness about omega-3 for preventive medical services.
Restraints •Absence of R&D exercises in immature nations.
•Less awareness


Frequently Asked Questions (FAQ) :

Ans: The base year calculated in the Algae Products Market report is 2021.

Ans: Caldic B.V., Archer Daniels Midland Company, Cargill, Incorporated, DuPont de Nemours, Inc., TBK Manufacturing Corporation, Kerry Group Plc. are the key players in the Algae Products market.

Ans: North America holds the most extreme portion of the overall industry of the Algae Products Market.

Ans: Rising medical care costs all over the planet and the ascent in the public authority and private drives supporting innovative work in hydroponics are the elements driving and resulting in opportunities for the Algae Products market.

Ans: The Global Algae products market is estimated to develop at a CAGR of 6.1% from 2022 to 2028.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 Covid 19 Impact Analysis

4.2 Impact of the Ukraine and Russia war

 

5. Value chain analysis

 

6. Porter’s 5 forces model

 

7. PEST analysis

 

8. Global Algae Products market segmentation, by value:

8.1 Medium value

8.2 High value

8.3 Low value

 

9.  Global Algae Products market segmentation, by product type:

9.1 Hydrocolloids

9.2 Carotenoids

9.3 Omega-3 pufa

9.4 Spirulina

9.5 Chlorella

9.6 Others

 

10. Global Algae Products market segmentation, by application:

10.1 Food and feed

10.2 Nutraceutical

10.3 Cosmetics

10.4 Chemicals

10.5 Others

 

11. Global Algae Products market, by region/ country

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12. Company profiles

12.1 Caldic B.V.

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 Swot Analysis

12.1.4 The SNS View

12.2 Archer Daniels Midland Company

12.3 Cargill, Incorporated

12.4 DuPont de Nemours, Inc.

12.5 TBK Manufacturing Corporation

12.6 Kerry Group Plc.

 

13. Competitive Landscape

13.1 Competitive Bench Marking

13.2 Market Share Analysis

13.3 Recent Developments

 

14. Conclusion

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Secondary Research

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