openPR Logo
Press release

Algae Market Size, Share | Industry Trends Analysis Report, 2024

Algae Market Size, Share | Industry Trends Analysis Report, 2024

The global algae market is highly consolidated as the top three players accounted for a whopping combined share of 91.3% of the overall algae market in 2015, finds Transparency Market Research (TMR). These leading companies are Sapphire Energy, Inc., TerraVia Holdings, Inc., and Algenol. Several players are taking active initiatives in boosting their distribution and sales channels to gain a competitive edge over others, notes TMR.

TMR observes that several players are venturing into commercialization of algae cultivation technologies and making significant investments in projects focused on algae-derived biofuels to gain a competitive edge over others. Leading players are diversifying their portfolio and making strategic collaborations, such as equity tie-ups, to consolidate their presence in major markets.

This 236 page report gives readers a comprehensive overview of the Algae market. Browse through 114 data tables and 86 figures to unlock the hidden opportunities in this market@

The global algae market was valued at US$608.0 mn in 2015 and the opportunity in the market is anticipated to reach US$1.1 bn by the end of 2024. The market is expected to expand at a CAGR of 7.39% from 2016 to 2024.

Substantial Demand for Algae in Docosahexaenoic Acid (DHA) Production

Geographically, North America occupied a major market share in 2016 and expected to lead throughout the forecast period. The growth is majorly driven by substantial developments in algae cultivation in the U.S. The upsurge in production facilities and initiatives by several players in the U.S. have led to the dominant growth in the country. In addition, countries such as Canada and Mexico have the presence of a large number of algae producers.

Based on application, the algae market is segmented into marine sector, aviation sector, road transport, docosahexaenoic acid (DHA) production, and bioplastics. Of these, the application of algae for DHA production, for protein sales and pharmaceutical products as well, is the leading segment and is expected to lead the forecast period. Algae biomass has numerous applications in the healthcare, pharmaceutical, and food and beverages sectors.

Growing Demand for Algae-Based Biofuels to Catalyze Market Growth

The growth of the algae market is primarily driven by its demand in the production of biofuels to be used in various sectors such as marine, transport, and aviation. The mounting concern of rising carbon emission in various industries has led to a paradigmatic shift from fossil fuel to renewable sources of energy. The stricter implementation of energy norms in order to reduce carbon emissions is a key factor boosting the market, especially in several developed and developing regions. The growing use of algae in wastewater treatment has also fueled the market. The continued depletion of freshwater resources has led to the demand for wastewater treatment using sustainable technologies and algae has emerged as a viable option for this.

However, the high capital investments required for the research and development of algae productions may hinder the growth of the market to some extent in developing and less-developed regions. Moreover, the recent reduction in prices of crude oil has slightly hampered the demand for algae-based biofuels. Nevertheless, rapidly growing R&D investments for the production of genetically engineered algae and for emerging cultivation technologies are expected to boost the algae market. In addition, soaring initiatives for the commercialization of algae-based fuels to be used in aircrafts are anticipated to open up lucrative growth avenues for market players in developed nations.

Get accurate market forecast and analysis on the Algae market. Request a sample to stay abreast on the key trends impacting this market@

The study presented here is based on a report by Transparency Market Research (TMR) titled, “Algae Market ( Application - Marine Sector, Aviation Sector, Road Transport, DHA Production (Protein Sales), DHA Production (Pharmaceutical Applications), and Bioplastics; Cultivation Technology - Open Ponds Cultivation, Raceway Ponds Cultivation, Closed Photo bioreactor Cultivation, and Closed Fermenter Systems Cultivation) - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast 2016 - 2024.”

The global algae market is segmented based on:

Marine Sector
Aviation Sector
Road Transport
DHA Production (Protein Sales)
DHA Production (Pharmaceutical Applications)

Cultivation Technology
Open Ponds Cultivation Technology
Raceway Ponds Cultivation Technology
Closed Photo bioreactor Cultivation Technology
Closed Fermenter Systems Cultivation Technology

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Visit Blog :

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Algae Market Size, Share | Industry Trends Analysis Report, 2024 here

News-ID: 566336 • Views: 268

More Releases from Transparency Market Research

Voltage Detectors Market – Evolving Technology Trends and Industry SWOT Analys …
The global voltage detectors market includes large number of players. Some of the key players are Texas Instruments, Toshiba, ROHM Semiconductor Sharp Microelectronics, Analog Devices Inc., STMicroelectronics, ON Semiconductor, Torex Semiconductor, Taiwan Semiconductor and Seiko Instruments. Browse Our Report @ Voltage Detector is a testing equipment generally used to determine the existence or absence of an electrical charge in an object. It is highly suggested for conditions where power issues exist.
Switched Capacitor Filters Market : Key Segments, Maket Insights, Regional Outlo …
Major players in the global switched capacitor filters market are Texas Instruments Incorporated, Analog Devices, Inc., Maxim Integrated, Inc., Siemens AG, Eaton Corporation, and among others. Browse Our Report @ A switched capacitor filter is an active filter based on the consideration that a switching of capacitors between two circuit nodes at an adequately high rate that is equivalent to a resistor connecting these two nodes. The switched capacitor filters are
Current Calibrator Market : Recent Industry Developments And Growth Strategies A …
Key players operating in the global current calibrator market include Valhalla Scientific, Rotek Inc., Time Electronics, PCE Instruments, Martel Electronics, AOIP Instrumentation, Extech Instruments, Yogokawa Test & Measurement Corporation, Extech Instruments, REED Instruments, Fluke Corporation, and others. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the
Damp Meter Market – Outlook by Responsible Drivers, Restraints, Demand
Key players operating in the global damp meter market include PCE Instrument, Delmhorst Instrument Co., GENERAL TOOLS & INSTRUMENTS LLC, FLIR Systems, Inc. designs, Panomex Inc., These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product launches. The

All 5 Releases

More Releases for Cultivation

Intelligent Greenhouse Market Report 2018: Segmentation by Product (Hydroponic, …
Global Intelligent Greenhouse market research report provides company profile for Agra Tech, Luiten, Atlas Manufacturing, AgrowTec, TOP Greenhouse, FatDragon, Fenglong Technology, Venlo, Palram, RBI, Kubo, Nexus Corporation and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to
Organic, biological or conventional cultivation?
In an ever changing swirl of opinion, some might say: "Conventional agriculture destroys our nature, is harmful to health and only yield-oriented" others might comment "organic farming is backward, damages the soil through more use of copper and cannot feed the growing world population of tomorrow" - these are frequent titles, topics and comments that do not only appear in the social media, but also again and again in magazines
Smart Greenhouse Market : Future of Agriculture & Smart way of Cultivation
The world sensible greenhouse market is segmental supported technology, type, and geographic. On the premise of technology, the market is additional classified into HVAC, crystal rectifier grow light-weight, communication technology, irrigation system, material handling, valves and pumps, system, and others. The kinds of sensible greenhouses coated within the report square measure husbandry and non-hydroponic. The market is split geographically into North America, Asia-Pacific, Europe, and geographic region, geographic area and
Cultivation of Organic Soy Protein Would Provide the Growth Opportunity in Soy P …
SAN FRANCISCO, Nov. 10, 2017 Global Soy Protein Market size was valued at $4,691 million in 2016 and expected to reach $7,430 million by 2024; growing at a CAGR of 5.9% from 2016 to 2024. In geographical segments, Asia Pacific and RoW are projected to grow at a CAGR of 6.8% and 6.5%, respectively, over the forecast period 2016 – 2024. High adoption of soy protein among end users will drive
Coffee Cultivation - Pests, Diseases and Chemical Disinfection with Alstasan Sil …
Coffee is the popular beverage name for a species of plants of Coffea genus cultivated for their beans that are used for preparing stimulating drinks. They are small evergreen shrubs with multiple stems and smooth leaves; bear green fruits that become crimson when ripe and normally contain two coffee seeds or beans. The trees can live for 20-30 years. Coffee primarily comes in two varieties, Arabian coffee (C.arabica) and Robusta
EU Project Promotes Cultivation of Pulses in Europe
IGV GmbH engages in research project “TRUE” towards sustainable farming systems based on legumes Legumes: a special crop Legumes are a very special type of crop, they are characterised as a sustainable source of highly nutritious food and feed. ‘Sustainable’, since legumes require no inorganic nitrogen fertiliser, and this efficiency saving is added to by improvements to soil qualities and total productivity when deployed in a modern crop rotation. The nitrogen demand