Global Trends in the Algae Products Market Development Analysis Reveals Forecast for the Period 2018-2028

Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of Algae Products Market. The study is titled as “Algae Products Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028”, which deeply analyses the global market trends, with historical data from 2017 and 2018, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2018-2028. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global Algae Products market.

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Market Outlook

Algae are the group of plant like microorganisms that convert sunlight, carbon dioxide and nutrients into organic matter thus, replacing many commonly used oils such as fossil, fish and palm and proteins such as animal and plant protein. An estimated 200 species of algae are currently being used across various application areas including food, feed and fertilizer applications. Algae products are derived from two large broad categories of algae including, macro-algae and micro-algae. Microalgae are small single cell microorganism while the microalgae are large aquatic plants. Algae products derived from microalgae are primarily used in bio plastics, biofuels, and fertilizers, pharmaceutical applications while algae products derived from the microalgae are used in cosmetics, pharmaceuticals and food additives. Some of the commercially products algae products are derived from algae species such as, Spirulina and Chlorella. The global algae products market is expected to witness remarkable growth attributable to growing consumers demand for products with natural origin.

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Reasons for Covering this Title

Increasing prevalence of various life threatening diseases is one of the prime reasons for changing consumer’s preference for naturally derived products. After approval of spirulina and other algae for use in various food, feed, nutraceuticals and cosmetic applications, the market for these algae products started increasing.  For example, in 2016, DDW Inc. launched an algae product in the form of innovative blue color made from Spirulina with light stability improved by up to 40%. Earlier form of blue color produced by the company has poor heat and light stability. Also, demand for algae products for cosmetic applications such as in skin care products including, anti-ageing, regenerant care products, emollient and as an anti- irritant in peelers is further adding up to the growing market for algae products over the forecast period.

Application of algae in fertilizer industry to improve the water binding capacity and mineral composition of soil is another factor creating market growth opportunity for algae products in the near future. Algae are also considered to be important source of plant growth regulators and are incorporated into feed for a variety of animals ranging from fish to pets and farm animals thus, strengthening the market for algae products in the near future.

Opportunities for Algae Products Market Participants

Increasing manufacturer’s efforts to capture more and more share in the global food and beverages industry through partnerships and expansions is expected to result in increasing market revenue in the global algae products market. Additionally, emerging applications of algae products in pharmaceuticals/nutraceuticals, textile, chemical and biopolymer/biolistic industry will deliver significant growth opportunity for the algae products market growth in the near future.

Brief Approach to Research

FMI will follow a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the nature, product type and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

An overview of the Algae Products market, including background and evolution
Macroeconomic factors affecting the Algae Products market and its potential
Market dynamics, such as drivers, challenges and trends
Detailed value chain analysis of the Algae Products market
Cost structure of the products and segments covered in the global Algae Products market
In-depth pricing analysis, by key product segments, regions and by major Algae Products market participants
Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario in the global Algae Products market
Analysis of the global Algae Products market structure, including a tier-wise categorization of key Algae Products market participants
Competitive landscape of the market, including detailed profiles of the top players in the Algae Products market
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This release was published on openPR.