The global algae products market is anticipated to grow at a considerable CAGR of 5.8% during the forecast period (2022-2028). Chlorella and spirulina are examples of microalgae nutrients that are well-known as healthful superfoods high in protein, antioxidants, and plant-based vitamins and minerals including omega-3 fatty acids. In February 2020, the Danish Ministry of Education and Science awarded $109,300 to the Danish research project Microalgae for food, which is the product of a partnership between small and medium-sized firms and academics, to examine the use of microalgae as a sustainable protein source. One of the key factors that are fueling the market is the growing competitiveness between the market players. With several key players in the market, companies are advancing, innovating, and launching new products to stay in the competition. For instance:
Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/algae-products-market
• In October 2021, GlobalBees acquireds homegrown millennial skincare brand Prolixr. Through the acquisition, GlobalBees has entered into the personal care segment. The company offers skin care products such as detoxifying sea algae face masks, scrubs, very berry moisturizers, science-backed serums, and more.
• In May 2021, Camlin Fine Sciences acquired 80% stake in AlgalR NutraPharms. The company provides an opportunity to the Company for expanding its footprint into the Nutraceuticals segment.
• In May 2019, Solobis group has announced the acquisition of Algatech Ltd. Through the acquisition the company accelerated the growth of its current product portfolio as well as develop new algae-based products for the cosmetics and pharmaceuticals.
• In February 2019, Algatech has introduced a new product AstaPure Arava, an all-natural, algae complex that contains naturally occurring constituents of the Haematococcus Pluvialis algae.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Form
o By Source
o By Product Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Archer Daniels Midland Company, ACCEL Carrageenan, Caldic B.V., Cargill, Incorporated, Kerry Group, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Algae Products Market Report by Segment
By Form
By Source
By Product Type
By Application
Global Algae Products Market Report Segment by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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