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Algae Products Market - What is the Most Profitable Algae Products to Sell in Next Five Years?

04-21-2020 08:51 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Meticulous Research

Algae Products Market - What is the Most Profitable Algae

The Global Algae Products Market will grow at a CAGR of 6.7% from 2017 to 2022 to reach USD 3,318.1 million by 2022, according to the latest publication from Meticulous Research. The global algae products market is driven by factors such as growing demand for algae products from the pharmaceutical and nutraceuticals industries, increasing utilization of pigments from microalgae due to strict regulations regarding the use of synthetic colors and flavors, and growing consumer preference to algae sourced products. Moreover, the emergence of new application areas, growing use of microalgae in aquaculture, and increasing use of algae in biofuel production provides significant opportunities for the various stakeholders in this market.

The global algae products market is mainly segmented by product (hydrocolloids, carotenoids, omega-3 PUFA, spirulina, chlorella, and others), value (medium value, high value, and low value), application (food and feed, nutraceutical, cosmetic, chemicals, and others), and geography.

Ask for free Sample Report @ https://www.meticulousresearch.com/request-sample-report/cp_id=3579

On the basis of product type, algal hydrocolloid commanded the largest share in the global algae products market in 2016, mainly due to the growing demand from food, pharmaceutical, medicinal, and biotechnological industries due to their distinct physico-chemical properties such as hydrophilicity, biodegradability, biocompatibility, non-toxicity, pleasant taste odor; and low cost. However, algal omega-3 PUFA is expected to witness a fastest growth during the forecast period, as there are many shortcomings of fish derived omega-3 PUFA, an alternative to algal omega-3 PUFA. The various aspects of fish derived omega-3 PUFA such as undesirable taste odor, diminishing supplies, objections by vegetarians, its chemical processing methods, and presence of contaminants such as mercury, dioxins, and polychlorinated biphenyls propels the adoption of algal omega-3 PUFA which is considered as one of the best alternatives in various parts of the globe.

On the basis of application, food and feed accounted for the major share of the global algae products market in 2016, owing to increasing demand for hydrocolloids, spirulina, and pigments from this segment. However, the nutraceutical segment is expected to grow at a considerable pace in the next few years, mainly attributed to the consumers growing desire for natural alternatives, rising health and wellness trend, and growing incidence of chronic diseases.

BUY Research Report spread across 162 pages comprising in-depth TOC, 110 tables and 34 figures including all Charts and Graphs @ https://www.meticulousresearch.com/buy_now.php?pformat=62&vformat=193

Regional Market Growth Trends

Geographically, the global algae products market is segmented into North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and RoE), Asia Pacific (China, India, Japan, and RoAPAC), Latin America, and Middle East Africa. North America commanded the largest share in the global algae products market in 2016, followed by Europe, and Asia-Pacific. The large share of this market is mainly attributed to growing U.S nutraceutical market which is primarily driven by aging population, increasing healthcare awareness, and higher incidences of allergies and intolerance. In addition, growing health concerns awareness and changing lifestyle are significantly impacting all sectors of the food and cosmetic personal care industries, leading to increased demand for functional food and beverages and personal care products, enriched with functional ingredients and active constituents which further drive the growth of North American algae products market. However, Asia Pacific region is expected to witness a significant growth during the forecast period due to growing health food industry, pharmaceutical sector, demand of personal care products; high investments; and government initiatives for microalgae production in the region.

The key players operating in the global algae products market are DIC Corporation (Japan), Cellana Inc. (U.S.), Taiwan Chlorella Manufacturing Company (China), Algaetech International Sdn Bhd (Malaysia), Cyanotech Corporation (U.S.), BlueBioTech Int. GmbH (Germany), Algatechologies ltd. (Israel), Pond Technologies Inc. (Canada), E.I.D. - Parry (India) Limited (India), Tianjin Norland Biotech Co., Ltd., (China), AlgaeCan Biotech Ltd. (Canada), Corbion NV (The Netherlands), Qponics Limited (Australia), Royal DSM (The Netherlands), Heliae Development, LLC (U.S.), and SUN CHLORELLA CORPORATION (Japan).

TOP 10 COMPANIES OPERATING IN ALGAE PRODUCTS MARKET @ https://meticulousblog.org/top-companies-algae-products-market/

These vendors employed various strategies to expand their product and application offerings, global footprint, and augment their market share. The key strategies followed by most companies in the global algae products market were collaborations, agreements, partnerships; new product launches; and acquisitions, expansions, and approvals.

Key questions answered in the report-
1. Which are the high growth market segments in terms of value, products, applications, and regions/countries?
2. What is the historical market for algae products across the globe?
3. What are the market forecasts and estimates from the period 2015-2022?
4. What are the major drivers, restraints, and opportunities in the global algae products market?
5. Who are the major players in the global algae products marketand what share of the market do they hold?
6. Who are the major players in various countries and what share of the market do they hold?
7. What are the competitive landscapes and who are the market leaders by sub-region in the global algae products market?
8. What are the recent developments in the globalalgae products market?
9. What are the different strategies adopted by the major players in the global algae products market?
10. What are the geographical trends and high growth regions/ countries?
11. Who are the local emerging players in the global algae products market and how do they compete with the global players?

Download Research Report spread across 162 pages comprising in-depth TOC, 110 tables and 34 figures including all Charts and Graphs @ https://www.meticulousresearch.com/download-sample-report/cp_id=3579

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Plant Based Protein Market by Type (Soy Protein, Wheat Protein, Pea Protein, Potato Protein, Rice Protein, Corn Protein) and Application (Foods and Beverage, Animal Feed, Nutrition and Health Supplements, Pharmaceuticals) - Global Forecast to 2025 @ http://www.globenewswire.com/news-release/2019/08/20/1904339/0/en/Plant-Based-Protein-Market-worth-14-32-billion-by-2025-Exclusive-Report-by-Meticulous-Research.html

Algal Pigments Market by Type (Beta Carotene, Astaxanthin, Fucoxanthin, Phycocyanin, Phycoerythrin), Application (Food and Beverages, Nutraceuticals, Aquaculture, Cosmetics, Pharmaceuticals), and Geography Global Forecast to 2025 @ https://meticulousblog.org/top-10-companies-in-algal-pigments-market/

Contact us

Mr. Khushal Bombe
Meticulous Research
Direct Lines: +1-646-781-8004 (North America)
+44-203-868-8738 (Europe)
+91 744-7780008 (Asia-Pacific)
Email- sales@meticulousresearch.com

About Meticulous Research

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze and present the critical market data with great attention to details.

Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.

With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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