Algae Products Market Current and Upcoming Trends with Analysis of Leading Industry Players such as euglena, Algae Systems, Cyanotech, Cargill, Algenol Biofuels, BIOPROCESS ALGAE, Corbion, Algatechnologies, Cellana, Earthrise Nutritional

The global algae products market is expected to generate $3,451 million by 2025, growing at a CAGR of 4.2% from 2018 to 2025. In 2017, the food & beverage segment led the algae products market segment, followed by personal care. Growth in this segment is supplemented by a rise in global population, increase in awareness of healthy food products, and shortage of protein a main nutrient in the food product.

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Upsurge in algae products market owing to a rise in global population coupled with an increase in consumption of food is expected to boost the algae products market during the forecast period. In addition, increase in demand for healthy food products is expected to boost the demand for nutritional food additive. This drives the growth of the algae products market. In addition, growth in demand for aquaculture feed used for fish breeding, integrated with increase in demand in omega3 fatty acid are the factors expected to boost the growth of the algae products market during the forecast period.

Comprehensive and Competitive Analysis of Leading Market Players

- euglena
- Algae Systems
- Cyanotech
- Cargill
- Algenol Biofuels
- BIOPROCESS ALGAE
- Corbion
- Algatechnologies
- Cellana
- Earthrise Nutritional

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In addition, rise in global food demand and decrease in cultivable land available for food production attract various manufactures to shift their preference to algae-based products, which help propel the algae products market growth. Furthermore, initiative by various developing and developed countries at Paris Agreement to reduce the global carbon footprint by using renewable source of energy such as algae-based biofuel, is expected to further drive the growth of the algae products market.

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