Algae Market foreseen to grow exponentially over 2027

TMR foresees the global algae market to expand at a 7.42% CAGR during the forecast tenure 2019-2027 to earn around US$ 1.37 bn by the end of 2027. By cultivation technology, open pond cultivation could continue to generate higher demand in the market. By region, North America is anticipated to take the lead in the market. In 2018, the U.S. accounted for around 87% share of the regional market by value.

For More Information: https://www.transparencymarketresearch.com/algae-market.html

Alarming Increase in Carbon Emission Helps Algae Biomass Take Center Stage

As pointed out by a TMR analyst, there has been a tremendous rise of the world algae market in the recent years. Of late, the need to shift from fossil fuel resources to renewable energy sources has become prominent. This could be due to the worrying increase in carbon emission from scores of industries. As a result, demand for algae biomass is projected to increase at a telling rate since it is an important ingredient used to produce biofuel.

Vendors operating in the world algae market could expect lucrative growth opportunities birthing on the back of high focus on the use of renewable energy sources in both developing and developed countries. Furthermore, increasing demand for biofuel because of the implementation of tight emission standards and policies is forecasted to set the tone for valuable growth in the market.

Request For Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=14804

Expensive Research for Advancement of Algae Production Techniques Dents Market

In the foreseeable future, growth of the international algae market is foretold to slow down due to the negative impact of reduction in crude oil prices. Another factor that could deter market growth is expensive capital investment required for research and development to develop advanced algae production techniques.

However, the international algae market is envisaged to gather pace in terms of growth as rising application of algae in wastewater treatment creates a wealth of opportunities in the near future. Furthermore, constant increase in industrial activities is prognosticated to augment the demand in the market. Use of algal biotechnology in carbon dioxide capture and utilization could act as another opportunity for market growth. Increasing efforts to commercialize biofuel production from algae could help raise more demand in the market.

Buy Now : https://www.transparencymarketresearch.com/checkout.php?rep_id=14804<ype=S

Global Algae Market Highly Consolidated

The global algae market is predicted to bear a largely consolidated vendor landscape with three key players securing a colossal aggregate share. Sapphire Energy Inc., Algenol, and Solazyme Inc. are the three companies that have showcased their prominence in the market. In order to cement their place in the market, players are expected to put high emphasis on building strong distribution channels. Other players such as Pond Biofuels Incorporated and Algae.Tec are looking to make their presence known in the market.

Explore Transparency Market Research’s award-winning coverage of the global Industry:
https://www.prnewswire.com/news-releases/global-helium-market-to-grow-as-new-applications-of-inert-gases-come-to-the-fore-of-the-industry-tmr-301213913.html

Global Algae Market – Key Developments

In October 2019, Algatechnologies, subsidiary of Solabia Group, had announced that the company has tripled its production capacity for FucoVitalTM. The company’s Fucovital proprietary fucoxanthin oleoresin is the world’s first microalgae derived extract which is standardised to 3% fucoxanthin, plus naturally occurring omega-3’s (EPA) and other beneficial fatty acids. The company had taken this step due to increasing demand of the product from the dietary supplements market. Fucovital’s composition is derived from a unique strain of Phaeodactylum tricornutum microalgae. This type of microalgae is a naturally rich source of fucoxanthin and compounds such as omega-3’s (EPA) and other beneficial fatty acids.

Contact Us

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

About Us:

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

This release was published on openPR.