Press release
Algae Products Market Expected to Witness a Significant Growth of $6.09 Billion by 2026, at a CAGR of 6.7% | Global Key Vendors – Cargill, BASF, Kerry, Fenchem Biotek, DIC, Dowdupont, Cellana
Algae Products Market
Overview of the Global Algae Products Market:
The Global Algae Products market is accounted for $3.40 Billion in 2017 and is expected to reach $6.09 Billion by 2026 growing at a CAGR of 6.7%.
Factors such as rising demand for algae products from the nutraceuticals and pharmaceutical industries, increase in global population and rising usage of microalgae pigments are driving the market. However, the impact of climatic conditions on algae production and rising health problems are hampering the market growth.
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Algae are the new sustainable super ingredients that are poised to transform several large industries. Algae are fast growing plant organisms that convert sunlight, CO2, and nutrients into organic matter that can replace many commonly used oils such as fish, palm etc. It is an effective carbon sink, water nutrient filter, and land/water efficient source of food and fuel energy that is quickly being recognized as a sustainability solution around the globe.
Based on application, the food & beverage segment is projected to grow due to the wide applications of algae biomass in manufacturing nutraceuticals. Nutraceuticals may include herbal products, dietary supplements and isolated nutrients among others which are used on a large scale in the market worldwide. Algae can form numerous compounds that are currently present in nutraceuticals and have the potential to become more intensively exploited.
According to the geographic analysis, North America is anticipated to grow due to growing healthcare awareness and increasing incidences of health allergies. Moreover, Asia Pacific is also expected to grow during the forecast period owing to increasing demand from food & feed supplements and nutraceuticals industry.
A complete analysis of the competitive landscape of the Global Algae Products Market is provided in the report. This section includes company profiles of market key players. The profiles include contact information, gross, capacity, product details of each firm, price, and cost. This report investigates new project feasibility with a purpose of enlightening new entrants about the possibilities in this market. In this report, thorough SWOT analysis & investment analysis is provided which forecasts imminent opportunities for the Algae Products Market players.
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Major Key Players:
1 Cargill
2 BASF
3 Kerry
4 Fenchem Biotek
5 DIC Corporation
6 Dowdupont
7 Parry Nutraceuticals
8 Cellana Inc
9 Algaetech International and More…………..
Market Segment by Types:
1 Carotenoids and Pigments
2 Spirulina
3 Lipids
4 Omega 3 Fatty Acids
5 Algal Protein
6 Antioxidants
7 Chlorella
8 Hydrocolloids
Market Segment by Values:
1 Low Value Products
2 Medium Value Products
3 High Value Products
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This study answers to the below key questions:
1 What will the market size be in 2026 and what will the growth rate be?
2 What are the key market trends?
3 What are the challenges to market growth?
4 Who are the key players in this market?
5 What are the market opportunities and threats faced by the key players?
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Algae Products Market.
Table of Contents:
1 Executive Summary
2 Preface
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Algae Products Market, By Type
6 Global Algae Products Market, By Value
7 Global Algae Products Market, By Form
8 Global Algae Products Market, By Source
9 Global Algae Products Market, By Sales Channel
10 Global Algae Products Market, By Application
11 Global Algae Products Market, By Geography
12 Key Developments
13 Company Profiling
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We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.
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