Algae Products Market
Global Algae Products Market Size, Share & Trends Analysis Report by Form (Powder, and Liquid), by Source (Brown Algae, Red Algae, Green Algae, and Blue-green Algae), Product Type (Algal Protein, Alginate, Carrageenan, Carotenoids, Lipids, and Others), by Application (Personal Care, Food & Beverage, Dietary Supplements, Pharmaceuticals, Animal Feed, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global algae products market is anticipated to grow at a significant CAGR of 5.8% during the forecast period. Microalgae is the production of bioactive compounds with potential benefits for human health. The major products derived from algae are Omega 3 polyunsaturated fatty acids (PUFA), ?-Carotene, Astaxanthin, Carotenoids, and others. PUFA is important for body metabolism in humans. Chlorophyte and Bryophyta algae are used for the extraction of these healthy and essential fatty acids.. The fatty acid content in algae makes it a well-known bioactive compound that is very useful in the pharmaceutical industry. For instance, Carrageen from red algae used against Influenza virus, DENV, HSV-1, HSV-2, HPV, HRV, HIV. Oral cancers can be treated by the use of algae which exhibits antioxidant properties such as ?- carotenes, floral compounds of algae are being used as therapeutics for cancer. The changing dietary preferences among consumers, growing geriatric population, coupled with the rising prevalence of chronic conditions are the major factors accelerating the demand for algae products and associated market growth.
Significant acquisiitons by promiment players paving the way to the market growth. Such as, in February 2019, UK-based Advanced Medical Solutions (AMS) announced the acquisition of Israeli medical device company Sealantis for $25 million in cash, with royalties on future sales.
Impact of COVID-19 Pandemic on Global Algae Products Market
The COVID-19 pandemic had impacted most of the industries in the market. The spread of the virus led most governments across the globe to impose a lockdown that strictly restricted the uses of the hypermarkets, and supermarkets and shut down most of the supply chain, and logistics for a while. All this led to a decrease in the demand, and production activities in the algae products market. It caused market players a resistance in their regular sales. However, health awareness in the pandemic period has seen significant growth in the consumption of supplements which resulted in growth of global algae products market.
Segmental Outlook
The global algae products market is segmented on the basis of form, source, product type, and application. On the basis of form, the market is segmented into powder and liquid. On the basis of source, the market is segmented into brown algae, red algae, green algae, and blue-green algae. On the basis of product type, the market is segmented into algal protein, alginate, carrageenan, carotenoids, lipids, and others. By application, the market is segmented into personal care, food and beverage, dietary supplements, pharmaceuticals, animal feed, and others.
Global Algae Products Market Share by Source, 2021 (%)
The Brown Algae Segment Anticipated to Hold the Prominent Share in the Global Algae Products Market
The Brown algae segment is estimated to dominate the market with a prominent share during the forecast period.Brown algae protein is majorly derived from seaweeds located in the colder waters within Northern hemisphere and is widely used as a substitute for animal protein, such as whey protein. . In addition, brown algae are used for a variety of conditions including cancer, fibromyalgia, arthritis, stress, weight loss, heart disease, high cholesterol, and many other conditions. According to the National Library of Medicine, brown algae is the most consumed among the other algae species. Increasing awareness regarding health benefits of algae protein and consumer preference for numerous algae protein-based foods are the prime factors for boosting the growth of brown algae protein market.
Regional Outlooks
The global algae products market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Asia-Pacific is estimated to grow significantly while Europe holds the prominent share of the market during the forecast period. It is expected that the Asia-Pacific market will also show a significant growth rate during the forecast period owing to the increasing consumption of dietary supplements.
Global Algae Products Market Growth, by Region 2022-2028
The North America Region Estimated to Grow Fastest in the Global Algae Products Market
The North American region is projected to grow the fastest during the forecast period. During the projected period, the region is expected to develop at the quickest rate in the market analysed due to the presence of a large number of leading international protein producer and higher protein consumption. Due to the capability of cultivating high-quality carrageenan, the region is expected to account for a major portion of the carrageenan production sector. Spirulina and Chlorella, for example, are algae-based superfoods that provide healthy, vegan supplements for human use. The increased consumption of nutraceuticals, particularly inthe US and Canada, is helping market expansion in the North America region.
Market Players Outlook
The major companies serving the global algae products market include Archer Daniels Midland Company, ACCEL Carrageenan, Caldic B.V., Cargill, Incorporated, Kerry Group, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in April 2021, Yemoja released a new algae-based skincare component with external polysaccharide sulphate (EPS) topical beauty ingredient derived from a red algae species, EPS-Revive. Red algae are high in protein, vitamins, and antioxidants, all of which assist the skin to retain moisture and replenish its natural hydration.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global algae products market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Algae Products Market
• Recovery Scenario of Global Algae Products Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Archer Daniels Midland Company
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. ACCEL Carrageenan
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Caldic B.V.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Cargill, Incorp.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Kerry Group
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Algae Products Market by Form
4.1.1. Powder
4.1.2. Liquid
4.2. Global Algae Products Market by Source
4.2.1. Brown Algae
4.2.2. Red Algae
4.2.3. Green Algae
4.2.4. Blue-green Algae
4.3. Global Algae Products Market by Product Type
4.3.1. Algal Protein
4.3.2. Alginate
4.3.3. Carrageenan
4.3.4. Carotenoids
4.3.5. Lipids
4.3.6. Other
4.4. Global Algae Products Market by Application
4.4.1. Personal Care
4.4.2. Food and Beverage
4.4.3. Dietary Supplements
4.4.4. Pharmaceuticals
4.4.5. Animal Feed
4.4.6. Other
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Avebe
6.2. Euroduna Food Ingredients GmbH
6.3. Hanseland Ltd.
6.4. Ingredion, Incorp
6.5. Lyckeby Starch AB
6.6. Meelunie B.V.
6.7. Novidon
6.8. PPZ Trzemeszno Sp. z o.o.
6.9. Roquette Frères S.A.
6.10. Royal Ingredients Group
6.11. Škrobárny Pelh?imov a.s.
6.12. Südstärke GmbH
6.13. Tate & Lyle PLC
6.14. Tereos S.A.
6.15. Vimal PPCE
1. GLOBAL ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY FORM, 2021-2028 ($ MILLION)
2. GLOBAL LIQUID ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL POWDER ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
5. GLOBAL BROWN ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL RED ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL GREEN ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL BLUE-GREEN ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
10. GLOBAL ALGAL PROTEIN IN ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL ALGINATE IN ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL CAROTENOIDS IN ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL LIPIDS ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL OTHERS ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
16. GLOBAL ALGAE PRODUCTS MARKET IN PERSONAL CARE RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL ALGAE PRODUCTS MARKET IN FOOD AND BEVERAGE RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. GLOBAL ALGAE PRODUCTS MARKET IN DIETARY SUPPLEMENTS RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
19. GLOBAL ALGAE PRODUCTS MARKET IN PHARMACEUTICALS RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
20. GLOBAL ALGAE PRODUCTS MARKET IN ANIMAL FEED RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
21. GLOBAL OTHER ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
22. GLOBAL ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
23. NORTH AMERICAN ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. NORTH AMERICAN ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY FORM, 2021-2028 ($ MILLION)
25. NORTH AMERICAN ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
26. NORTH AMERICAN ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
27. NORTH AMERICAN ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
28. EUROPEAN ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
29. EUROPEAN ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY FORM, 2021-2028 ($ MILLION)
30. EUROPEAN ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
31. EUROPEAN ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
32. EUROPEAN ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
33. ASIA-PACIFIC ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
34. ASIA-PACIFIC ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY FORM, 2021-2028 ($ MILLION)
35. ASIA-PACIFIC ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
36. ASIA-PACIFIC ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
37. ASIA-PACIFIC ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
38. REST OF THE WORLD ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
39. REST OF THE WORLD ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY FORM, 2021-2028 ($ MILLION)
40. REST OF THE WORLD ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
41. REST OF THE WORLD ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
42. REST OF THE WORLD ALGAE PRODUCTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL ALGAE PRODUCTS MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL ALGAE PRODUCTS MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL ALGAE PRODUCTS MARKET, 2022-2028 (%)
4. GLOBAL ALGAE PRODUCTS MARKET SHARE BY FORM, 2021 VS 2028 (%)
5. GLOBAL POWDER ALGAE PRODUCTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL LIQUID ALGAE PRODUCTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL ALGAE PRODUCTS MARKET SHARE BY SOURCE, 2021 VS 2028 (%)
8. GLOBAL BROWN ALGAE PRODUCTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL RED ALAGE PRODUCT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL GREEN ALGAE PRODUCTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL BLUE-GREEN ALGAE PRODUCTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL ALGAE PRODUCTS MARKET SHARE BY PRODUCT TYPE, 2021 VS 2028 (%)
13. GLOBAL ALGAL PROTEIN IN ALGAE PRODUCTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL ALGINATE IN ALGAE PRODUCTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL CARRAGEENAN IN ALGAE PRODUCTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL CARPTENOIDS IN ALGAE PRODUCTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL LIPIDS IN ALGAE PRODUCTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL OTHER ALGAE PRODUCTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. GLOBAL ALGAE PRODUCTS MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
20. GLOBAL ALGAE PRODUCTS MARKET IN PERSONAL CARE SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
21. GLOBAL ALGAE PRODUCTS MARKET IN FOOD AND BEVERAGE SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
22. GLOBAL ALGAE PRODUCTS MARKET IN DIETARY SUPPLEMENTS SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
23. GLOBAL ALGAE PRODUCTS MARKET IN PHARMACEUTICALS SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
24. GLOBAL ALGAE PRODUCTS MARKET IN ANIMAL FEED SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
25. GLOBAL OTHER ALGAE PRODUCTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
26. GLOBAL ALGAE PRODUCTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
27. US ALGAE PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
28. CANADA ALGAE PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
29. UK ALGAE PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
30. FRANCE ALGAE PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
31. GERMANY ALGAE PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
32. ITALY ALGAE PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
33. SPAIN ALGAE PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
34. REST OF EUROPE ALGAE PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
35. INDIA ALGAE PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
36. CHINA ALGAE PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
37. JAPAN ALGAE PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
38. SOUTH KOREA ALGAE PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
39. REST OF ASIA-PACIFIC ALGAE PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
40. REST OF THE WORLD ALGAE PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
