Press release
World Algae Products Market is Projected to Grow at a CAGR over 5.3% by 2023
Algae are the class of micro-organism, which can convert carbon dioxide in the presence of sunlight into proteins and fats. It is used in the food and fuel industry. Algae products comprise of food or feed prepared by macro or micro-algae. Algae products are loaded with proteins and have wide range of applications in food and feed supplements, nutraceuticals, pharmaceuticals, and pollution control. Commonly screened algae products consist of seaweed, kelp, chlorella, and spirulina.
Algae products are contains proteins and essential amino acids, which boost human metabolic process for instance, enzyme production. In addition, high content of Omega-3 and Omega-6 fatty acids in algae products makes it a good source of energy in the food and feed. Owing to these nutritional benefits an elevated requirement for algae products are been observed from the food and feed industry.
Furthermore, algae products are a rich source of photo-ingredients like beta-carotene, carotenoids, omega 3 fatty acids, and astaxanthin, which add up to elevated health benefits and is observed to have a high demand from food supplement manufacturers, pharmaceutical, and nutraceuticals industry. In addition, high demand for algae products from paints and colorants industry is adding fuel to growth of the global algae products market. Additionally, all these factors are projected to contribute to the estimated CAGR of 5.3% of algae products market during the forecast period 2017-2023.
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Major Key Players:
The major players in the algae products market
• Algaetech International Sdn Bhd (Malaysia)
• Cyanotech Corporation (U.S.)
• DIC Lifetec Co. Ltd. (Japan)
• BlueBioTech GmbH (Germany)
• Cellana Inc. (U.S.)
• Alltech, Inc. (U.S.)
• Parry Nutraceuticals Limited (India)
Table of Content
Chapter 1. Methodology And Scope
Chapter 2. Executive Summary
Chapter 3 Algae Products Market Insights
Chapter 4 Algae Products By Source Insights
Chapter 5 Algae Products By Application Insights
Chapter 6 Algae Products Distribution By Channel Insights
Chapter 7 Algae Products Regional Insights
Chapter 8 Competitor Profile
Continued…..
List of Figures
Figure 1 Research Methodology
Figure 2 Primary Data Analysis Approach
Figure 3 Secondary Data Analysis Approach
Figure 4 Trends In Algae Products Imports 2011-16
Continued…..
Regional Analysis:
The global algae products market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). In the global algae products market, Europe is dominating among all the regions followed by North America. Europe has been accounted for an elevated consumption of algae products supplements and food owing to increasing consumer awareness. Furthermore, the high requirement for algae in pharmaceutical and nutraceutical industry is considered as a motivating factor in this region.
In addition, rising health consciousness and high demand for food and feed supplements from the countries like India and China are likely to boost the growth of the market in Asia Pacific region. Furthermore, a high inclination towards R&D in algae products for pollution control is observed, which is expected to support the global algae products market.
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Market Segmentation
Algae products market is segmented on the basis of source, application, distribution channel, and region.
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