Algae Products Market 2019: Growth Opportunities & Top Companies- Algatechnologies Ltd, BASF SE, Cargill, Cyanotech Corporation, Ingredion Incorporated and Kerry Inc.

The Algae Products Market to 2027 sheds light on the existing industry landscape and puts forward crucial market drivers and opportunities in the coming years. The Algae Products market is anticipated to witness decent growth in the coming years. The report offers an extensive pool of market data covering market sizes, revenue forecasts, value chain, product trends, and price trends that serve as a blueprint for businesses.

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Algae are base of the aquatic food chain and major supplement of food and energy in the modern food industry. Marine algae are a rich source of minerals, vitamins, and proteins and hence also considered as superfoods. Spirulina is an example of algae widely used as food and nutritional supplement in human and animals. They are known to boost the immune system, lowering cholesterol, and improving memory. Algae are rich in antioxidants and carotenoids and hence are extremely useful in pharmaceutical and cosmetics. Chlorella is known to treat ulcers and prevent constipation. Algae are manufactured into powder, tablets, and liquids. In addition, algae can have high biofuel yields and are being researched to replace fossil fuel.

The algae products market is anticipated to grow in the forecast period owing to driving factors such as rising consumer awareness regarding health benefits of algae-based products coupled with rising demands for natural ingredients. Growing applicability in multiple industries such as pharmaceuticals and food and beverage industry further fuels the growth of the algae products market. However, climatic conditions affect the algae production and this may restrict the market growth. Nonetheless, untapped markets of developing nations showcase major growth opportunities for algae products market during the forecast period.

The global food and beverage sector has experienced significant growth over the past few years, with robust developments and innovations in the industry. Consumer preferences and demands have drastically changed owing to improved focus on dietary habits and the incorporation of super foods. On the other hand, processed, ultra-processed, and frozen foods are also witnessing high demand due to modern lifestyles. Besides, manufacturers are now looking at creating differentiated and customized food products, which further escalates the growth of the food & beverage industry.

The Algae Products market is segmented based on Type, Form and Applications. The report features exhaustive PEST analysis for five major regions, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South and Central America (S&CAM). The report covers forecasts of 18 major countries along with existing trends and opportunities within these regions.

Leading companies profiled in the report include:

1. Algatechnologies Ltd.
2. BASF SE
3. Cargill, Incorporated.
4. Corbion nv
5. CP Kelco (J. M. Huber- Corporation)
6. Cyanotech Corporation.
7. DSM Nutritional Products AG
8. E. I. D. Parry Limited
9. Ingredion Incorporated
10. Kerry Inc.

The report highlights key growth strategies adopted by these players of the Algae Products industry, including details such as financial overview, product/ services offered, notable developments, and SWOT analysis.

The global algae products market is segmented on the basis of source, type, form, and application. The market by source, is segmented as brown algae, blue-green algae, red algae, green algae, and others. Based on type, the market is segmented as lipids, carrageenan, carotenoids, alginate, algal protein, and others. By form, the market is segmented as solid and liquid. On the basis of the application the market is segmented as food & beverages, nutraceuticals & dietary supplements, personal care products, feed, pharmaceuticals, and others.

The report answers the following key aspects:

• Algae Products Market size and growth rate in the forecast period.
• Existing market trends.
• Factors driving Algae Products market growth.
• Future opportunities in the Global Algae Products Market.
• Market initiatives by the leading vendors.
• PEST analysis across five major regions.

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