Press release
Algae Market Future Outlook 2026 Profiling Major Key Players - Pond biofuels Inc., DSM Nutritional Products, Kai BioEnergy Corp., Diversified Energy Corporation, Algenol, Dao Energy LLC, Kent BioEnergy Co., Sapphire Energy Inc., Algaetech International, A
Algae
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Algae has the ability to offer higher yield as compared to biofuel feedstock containing sorghum, corn Stover, beet, and corn. Thus, creating immense opportunities for growth of the algae market. Growing research and development activities among manufacturers is expected to fuel the market growth. Increasing demand for reliable, sustainable, and low cost sources of energy to ease the petroleum supply chain and to meet the increasing demand from aviation and automotive sector, are major factors expected to drive growth of the global algae market during the forecast period.
Algae Market outlook:
North America accounts for the largest market share in the global algae market due to favorable government support related to renewable energy coupled with high investment by manufacturers. Also, DHA has various health benefits such as improving eye, brain, heart and immunity system hence it is a major component of pharmaceutical and healthcare products. These factors are expected to augment the growth of algae market in this region.
Key players are adopting various organic and inorganic growth strategies. For instance, a Belgian-based company, Tomalgea, has launched a new product in 2017 for oyster cultivators in Asia and Algae Systems LLC merged with IHI Corporation in 2014 for the development of a new production process for biofuel from algae. Pond biofuels Inc., DSM Nutritional Products, Kai BioEnergy Corp., Diversified Energy Corporation, Algenol, Dao Energy LLC, Kent BioEnergy Co., Sapphire Energy Inc., Algaetech International, Aurora Algae, BlueBioTech International, and Alltech Algae are some of the key players in the global algae market.
Algae Market Taxonomy:
On the basis of cultivation technology, the global algae market can be segmented into:
Raceway Ponds Cultivation
Open Ponds Cultivation Technology
Closed Fermenter Systems Cultivation Technology
Closed Photo Bioreactor Cultivation Technology
On the basis of application, the global algae market can be segmented into:
Marine Sector
Road Transport
Bio plastic
Aviation Sector
DHA production( Protein sales)
DHA production( Pharmaceutical applications)
Others
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