Press release
Algae Products Market Key Players: euglena Co., Ltd., Algae Systems LLC., Cyanotech Corporation, Cargill, Incorporated, Algenol Biofuels Inc., BIOPROCESS ALGAE | Valuates Reports
Algae is a photosynthetic, oxygen-exhaling, unicellular, or multicellular microorganism with diverse characteristics such as consumption of carbon dioxide and storage of essential nutrients, minerals, and vitamins.
The global Algae products market was valued at USD 2,276.0 Million in 2020, and is projected to reach USD 4286.8 Million by 2031, growing at a CAGR of 4.88% from 2022 to 2031.
View Full Report: https://reports.valuates.com/market-reports/ALLI-Auto-4F298/algae-products
Algae Products Market Trends
Due to increase in demand for natural products and proactive efforts by market players to formulate algae-based consumable products to meet quality, texture, and nutritional demands of consumers. Earlier, algae was not considered for production of bio fuel as cost of production was high, however, with recent development in process technology and feasibility of process, algae bio fuel can be used as an alternative to fossil fuel.
Rise in global population and increase in demand for food and customization of functional food product portfolio by manufacturers are the key factors expected to boost the growth of the algae products industry.
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By Type
o Spirulina
o Chlorella
o Astaxanthin
o Beta Carotene
o Hydrocolloids (Agar, Alginates, and Carrageenans)
By Source
o Brown Algae
o Blue-green Algae
o Red Algae
o Green Algae
By Forum
o Solid
o Liquid
By Application
o Food & Beverages
o Nutraceuticals & Dietary Supplements
o Personal Care
o Feed
o Pharmaceuticals
o Chemicals
o Fuel
Inquire for Regional Data: https://reports.valuates.com/request/regional/ALLI-Auto-4F298/Algae_Products_Market
Similar Reports:
1. Algae Supplements Market: https://reports.valuates.com/market-reports/QYRE-Auto-9W9744/global-algae-supplements
2. Microalgae Market: https://reports.valuates.com/market-reports/QYRE-Auto-25D49/global-microalgae
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