Global Algae Ingredients Market - Growth, Trends and Forecasts 2017 - 2022

  • ID: 4387128
  • Report
  • Region: Global
  • 167 pages
  • Mordor Intelligence
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The global algae ingredient market stands at USD XX million in 2016 and is expected to reach USD XX million by 2021 at a CAGR of 7.6% during the forecasted period 2016-2021.

Global Algae Ingredients Market Dynamics

Algae are generally used in the food industry due to its wide range of different functional ingredients. Algae are rich in essential oils such as omega 3 fatty acids and PUFA which is mainly used in pharmaceutical and health food products.

The major drivers for the market are the increased potential applications in food, cheaper source of raw material for industrial production, increased demand of Omega3 fatty acids, sustainable source of production and environmental concerns. The advancement in biotechnology and other feasible extraction technologies has created a good opportunity for the market.

The restraining factors of the algae ingredient market are the high production, downstream processing costs and health safety issues of algae-based products. The extraction of algae requires expensive, energy intensive processing technology which increases the cost of production. Also, the products obtained from algae have a low sensory quality that is less acceptable to the end-user which is also affecting the market growth.

Global Algae Ingredients Market Segmentation

The ingredient type market is segmented into omega 3 fatty acids, carrageenan, alginate, agar, beta-carotene, and others which include astaxanthin chlorophyll. Omega 3 fatty acids and PUFA is growing at a faster rate due to its high nutritional facts and increased demand for health foods. Carrageenan and alginate have wide applications in the food industry. Market segmentation on the basis of application type includes food, pharmaceuticals, animal nutrition, cosmetics and others. Food consists of the largest segment due to its increased demand for functional food products. By source, the market is segmented into green algae, red algae, blue-green algae, brown algae and others.

Market segmentation according to geography includes North America, Europe, Asia-Pacific, South America and Africa. North America holds the largest share in the market followed by Europe and Asia-Pacific. However, the new emerging markets of Asia-Pacific such as China, Japan and India are growing at a faster rate.

Key Players in the Global Algae Ingredients Market

The key players in the market are Solazyme Inc, Cargill, ADM, BASF and Cyanotech amongst others.
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1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definitions
2. Research Approach and Methodology
2.1 Introduction
2.2 Research Design
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering & Econometric Modelling
2.4.4 Expert Validation
3. Key Findings
4. Market Overview
4.1 Drivers
4.1.1 Increased Potential Food Applications
4.1.2 Cheaper Source of Raw Material
4.1.3 Sustainable Production and Environment Concerns
4.1.4 Increased Demand of Omega 3 Fatty Acids
4.2 Restraints
4.2.1 High Downstream Processing Cost and Production Cost
4.2.2 Inferior Sensory Quality of Product
4.2.3 Health and Safety Concerns
4.3 Opportunities
4.3.1 Advancement in Biotechnology
4.3.2 Growing Demand of Functional Foods and Neutraceuticals
4.4 Porter Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. Market Segmentation
5.1 By Ingredient Type
5.1.1 Dried Algae
5.1.2 Omega 3 Fatty Acids and PUFA
5.1.3 Carageenan
5.1.4 Alginate
5.1.5 Agar
5.1.6 Î’-Carotene
5.1.7 Others (Astaxanthin, Chlorophyll, Etc)
5.2 Application Type
5.2.1 Food
5.2.2 Pharmaceuticals
5.2.3 Animal Nutrition
5.2.4 Cosmetics
5.2.5 Others (Biofuel, Bioplastics)
5.3 By Source Type
5.3.1 Red Algae
5.3.2 Green Algae
5.3.3 Blue-Green Algae
5.3.4 Brown Algae
5.3.5 Others
5.4 By Geography
5.4.1 North America United States Canada Mexico Others
5.4.2 Europe Spain UK France Germany Russia Italy Others
5.4.3 Asia-Pacific China India Japan Australia Others
5.4.4 South America Brazil Argentina Others
5.4.5 Africa South Africa Others
6. Competitive Landscape
6.1 Strategy Adopted By Key Players
6.2 Most Active Companies in the Past Five Years
6.3 Market Share Analysis
7. Company Profiles
7.1 ADM
7.2 DSM
7.3 BASF
7.4 Cargill
7.5 Dupont
7.6 Cyanotech
7.7 Roquette
7.8 Fuji Chemicals
7.9 FMC Corporation
7.10 Omega Protein Corporation
7.11 Algae Life Science (BGG Subsidiary)
7.12 Solazyme Inc.
7.13 Algavia
7.14 Nikken Sohonsha Corporation
7.15 Algae Tech (Australia)
7.16 Klamath Blue Green Algae
8. Appendix
8.1 Disclaimer
8.2 Sources
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