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Algae Market Deep Analysis by Production Overview and Insights 2026 | Cyanotech Corporation, Dic Corporation, Corbion N.V, Valagro Spa, Far East Microalgae Industries Co. Ltd., Beijing Gingko Group, Heliae Development Llc, Pond Technologies Holdings Inc

08-16-2019 12:21 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Algae Market

Algae Market

Algae Market reports cover complete modest view with the market stake and company profiles of the important contestants working in the worldwide market. The Algae market offers a summary of product specification, production analysis, technology, product type, considering key features such as gross, gross margin, revenue, cost. The report enlists several important factors, starting from the basics to advanced Market intelligence which play a crucial part in strategizing.

Request to View Sample of Report https://www.coherentmarketinsights.com/insight/request-sample/818

Major players operating in the global algae market include Cyanotech Corporation, Dic Corporation, Corbion N.V, Valagro Spa, Far East Microalgae Industries Co. Ltd., Beijing Gingko Group, Heliae Development Llc, Pond Technologies Holdings Inc., Algaetech International Sdn Bhd, Fuqing King Dnarmsa Spirulina Co. Ltd., Sun Chlorella Corporation, and Ecoduna Ag.

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 applications 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.

The term “algae” covers many different aquatic organisms that are capable of producing oxygen through photosynthesis. Algae plays a vital role in our environment and well-being as they produce half of the oxygen in the earth’s atmosphere. Furthermore, algal biofuels are a promising replacement to fossil fuels, owing to its ability to produce energy-rich oils. This scenario is predicted to generate higher demand for algae in the near future.

Market Dynamics

Among product type, microalgae segment is expected to gain significant market share in the global algae market over the forecast period. In 2018, the segment accounted for over 70.0% share in the global algae market in terms of revenue. Increasing biofuel production from microalgae is expected to boost growth of the microalgae segment. This is owing to high photosynthetic efficiency of microalgae.

Among regions, North America held dominant position in the global algae market in terms of revenue share, in 2018. The region held around 35.0% of the total revenue share generated across the globe. Algae is extensively used in feed additives. North America and Asia Pacific are the top two consumers of feed additives. The growing demand for algae from feed additives industry is predicted to drive the market growth in near future.

Get PDF Brochure of Research Report: https://www.coherentmarketinsights.com/insight/request-pdf/818

In the end, the report makes some important proposals for a new project of Algae Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of global market covering all important parameters.
• Algae driver
• Algae challenge
• Algae trend

The global algae market was valued at US$ 3,769.6 million in 2018, and is expected to register a CAGR of 5.3% in terms of revenue over the forecast period (2019 – 2027), to reach US$ 5,978.4 million by 2027.

North America accounted for the largest market share in the global algae market in 2018. This is owing to the increasing use of algae in feed additives. Furthermore, Asia Pacific is predicted to record the fastest growth over the forecast period, attributing to rising spending of the populace on cosmetics and skincare products in the region.

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

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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