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Algae Market| Industry Size, Status and Top Players are 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 A

05-21-2019 07:38 AM CET | Energy & Environment

Press release from: Coherent Market Insights (CMI)

Algae

Algae

Algae is a diverse group of organisms ranging from unicellular to multicellular. The complex and largest marine algae are called seaweeds. The algae consist of chloroplast, which is similar to cyanobacteria in structure. Algae has its wide application in agar, alginates, fertilizer, energy source, nutrition, pigments, and bioremediation. Algae has wide range of usage in terms of pollution control. It is used as an alternative for toxic chemicals to treat sewers, to capture fertilizer runoff in farms, and to treat water in ponds and aquaria.

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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 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

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.

The usage of algae in the pharmaceutical industries has substantially increased over the recent past. Companies are investing in R&D activities to develop treatments for Alzheimer’s, Parkinson’s, and dementia using algae. East Asia and South Asia have the highest number of people suffering from dementia in the world, accounting for above 9 million in East Asia and around 5 million in South Asia.

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.

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About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Coherent Market Insights
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#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

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