Algae Products Market by Type, Application, Source, Form, and Region - Global Forecast to 2023

  • ID: 4521311
  • Report
  • Region: Global
  • 139 Pages
  • Markets and Markets
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Algae Products Market Estimated at USD 3.98 Billion in 2018 and is Projected to grow at a CAGR of 5.4%

FEATURED COMPANIES

  • Algatechnologies
  • Cargill
  • CP Kelco
  • Dowdupont
  • E.I.D. Parry
  • Ingredion
  • MORE

"Algae Products Market by Type (Lipids, Carrageenan, Carotenoids, Alginate, and Algal Protein), Application (Food & Beverages, Nutraceuticals & Dietary Supplements, Personal Care, Feed, and Pharmaceuticals), Source, Form, and Region - Global Forecast to 2023"

"The algae products market is projected to grow at a CAGR of 5.4%."

The algae products market is estimated at USD 3.98 billion in 2018 and is projected to reach USD 5.17 billion by 2023. It is projected to grow at a CAGR of 5.4% during the study period. The market is primarily driven by trends such as growth in consumer awareness regarding the health benefits of algae-based products and its application multiple industries such as food & beverage, pharmaceutical, and personal care. Another growth factor can be the increased preference for vegetarian and vegan foods. This will lead to the increased demand for plant-based protein and other nutrient-rich food products; this scenario has led to the demand for algae products.

Factors such as weather conditions that affect the production of algae (raw materials for the products) act as major restraints of the algae products market. The high prices of end products are also an important concern for the algae product manufacturers, and this consequently acts as a restraint to the algae products market.

"The nutraceutical & dietary supplement segment is projected to grow at the highest rate during the forecast period."

On the basis of application of algae products, the nutraceuticals & dietary supplements segment is projected to grow at the highest CAGR. The demand for algae-based food & beverage products is increasing gradually; for instance, ice cream manufacturers are adding algae to their products for adding nutritive value to their products.

"Algae protein is projected to be the fastest-growing segment during the forecast period."

Based on type of products, the algae protein segment is projected to be the fastest-growing during the forecast period. In the recent years, due to factors such as fitness needs, animal health concerns, concerns about GMO products , clean labels, and organic labels, the interest and particular focus on plant proteins or alternative proteins has significantly emerged in both developed and developing countries. This trend will lead to the high growth rate of proteins derived from algae.

"On the basis of source, blue-green algae products are projected to form the fastest-growing market during the forecast period."

Based on the source of the algae products, blue-green algae products are projected to form the fastest-growing segment. Blue-green algae mainly find applications in the nutraceutical and pharmaceutical industries. The growth of these industries will lead to the high growth of the algae industry.

"Asia Pacific is projected to register the highest growth rate during the forecast period."

Asia Pacific is projected to be the fastest-growing market between 2018 and 2023. Industrial growth and improvements in the food industry have opened new opportunities for the algae products market in this region. Also, conventional algae food items are already popular in Asia, with algae used extensively in Asian cuisine such as sushi. This makes the Asia Pacific region, the fastest-growing potential for algae products.

Break-up of Primaries:

  • By Company Type: Tier 1 - 33%, Tier 2 - 46%, and Tier 3 - 21%
  • By Designation: C-level Executives - 35%, Director-level - 25%, and Others - 40%
  • By Region: North America - 45%, Europe - 30%, Asia Pacific - 20%, and RoW - 5%

The key players profiled in this report are as follows:

  • Cargill (US)
  • DowDuPont (US)
  • DSM (Netherland)
  • BASF (Germany)
  • Cyanotech Corporation (US)
  • Kerry (Ireland)
  • Ingredion (US)
  • CP Kelco (US)
  • Corbion (Netherland)
  • Roquette Frères (France)
  • Fenchem Biotek (China)
  • Algatechnologies (Israel)
  • E.I.D Parry (India)

Research Coverage:

The report segments the algae products market on the basis of source, type, application, form, and region. In terms of insights, this research report has focused on various levels of analyses-competitive landscape, end-use analysis, and company profiles, which together comprise and discuss the basic views on the emerging & high-growth segments of the algae products market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.

Reasons to buy this report:

  • To get a comprehensive overview of the algae products market
  • To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
  • To gain insights about the key countries/regions in which the algae products market is flourishing.
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FEATURED COMPANIES

  • Algatechnologies
  • Cargill
  • CP Kelco
  • Dowdupont
  • E.I.D. Parry
  • Ingredion
  • MORE

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
    1.4 Periodization Considered
    1.5 Currency Considered
    1.6 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions & Limitations

3 Executive Summary

4 Premium Insights
    4.1 Attractive Opportunities in the Algae Products Market
    4.2 Algae Products Market, By Application
    4.3 Algae Products Market, By Form & Region
    4.4 Asia Pacific: Algae Products Market, By Type & Country
    4.5 Algae Products Market, By Source

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Multi-Industry Coverage
                    5.2.1.2 Growth in Consumer Awareness Regarding the Health Benefits of Algae-Based Products
                    5.2.1.3 Alternate Food Source and Food Ingredient
           5.2.2 Restraints
                    5.2.2.1 Impact of Climatic Conditions on Algae Production
           5.2.3 Opportunities
                    5.2.3.1 Government and Private Initiatives to Support Research & Development in Algaculture
                    5.2.3.2 Growth in Demand for Natural Ingredients By Consumers
                    5.2.3.3 Easy Cultivation of Algae
           5.2.4 Challenges
                    5.2.4.1 High Processing Cost
    5.3 Supply Chain Analysis

6 Algae Products Market, By Type
    6.1 Introduction
    6.2 Lipids
    6.3 Carrageenan
    6.4 Carotenoids
    6.5 Algal Protein
    6.6 Alginate
    6.7 Others

7 Algae Products Market, By Source
    7.1 Introduction
    7.2 Brown Algae
    7.3 Blue-Green Algae
    7.4 Red Algae
    7.5 Green Algae
    7.6 Others

8 Algae Products Market, By Form
    8.1 Introduction
    8.2 Solid
    8.3 Liquid

9 Algae Products Market, By Application
    9.1 Introduction
    9.2 Food & Beverages
    9.3 Nutraceuticals & Dietary Supplements
    9.4 Feed
    9.5 Personal Care Products
    9.6 Pharmaceuticals
    9.7 Others

10 Algae Products Market, By Region
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Germany
             10.3.2 France
             10.3.3 Spain
             10.3.4 UK
             10.3.5 Italy
             10.3.6 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 Australia & New Zealand
             10.4.5 Rest of Asia Pacific
     10.5 Rest of the World (RoW)
             10.5.1 South America
             10.5.2 Middle East & Africa

11 Competitive Landscape
     11.1 Overview
     11.2 Ranking Analysis
             11.2.1 Competitive Scenario
     11.3 Expansions & Investments
     11.4 Mergers & Acquisitions
     11.5 New Product Launches
     11.6 Joint Ventures & Agreements

12 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, View)*
     12.1 DSM
     12.2 BASF
     12.3 Cyanotech Corporation
     12.4 Cargill
     12.5 Dowdupont
     12.6 Kerry
     12.7 Ingredion
     12.8 CP Kelco
     12.9 Corbion
     12.10 Roquette Frères
     12.11 Fenchem Biotek
     12.12 Algatechnologies
     12.13 E.I.D. Parry

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, View Might Not Be Captured in Case of Unlisted Companies.

List of Tables
Table 1 US Doller Exchange Rate, 2014-2017
Table 2 Algae Products Market Size, By Type, 2016-2023 (USD Million)
Table 3 Lipids Market Size, By Region, 2016-2023 (USD Million)
Table 4 Carrageenan Market Size, By Region, 2016-2023 (USD Million)
Table 5 Carotenoids Market Size, By Region, 2016-2023 (USD Million)
Table 6 Algal Protein Market Size, By Region, 2016-2023 (USD Million)
Table 7 Alginate Market Size, By Region, 2016-2023 (USD Million)
Table 8 Other Algae Products Market Size, By Region, 2016-2023 (USD Million)
Table 9 Characteristics of Different Algae, By Phylum/Class
Table 10 Algae Products Market Size, By Source, 2016-2023 (USD Million)
Table 11 Brown Algae Products Market Size, By Region, 2016-2023 (USD Million)
Table 12 Blue-Green Algae Products Market Size, By Region, 2016-2023 (USD Million)
Table 13 Red Algae Products Market Size, By Region, 2016-2023 (USD Million)
Table 14 Green Algae Products Market Size, By Region, 2016-2023 (USD Million)
Table 15 Other Algae Products Market Size, By Region, 2016-2023 (USD Million)
Table 16 Algae Products Market Size, By Form, 2016-2023 (USD Million)
Table 17 Solid Form Market Size, By Region, 2016-2023 (USD Million)
Table 18 Liquid Form Market Size, By Region, 2016-2023 (USD Million)
Table 19 Algae Products for Commercial Use
Table 20 Algae Products Market Size, By Application, 2016-2023 (USD Million)
Table 21 Algae Products Market Size in Food & Beverages, By Region, 2016-2023 (USD Million)
Table 22 Algae Products Market Size in Nutraceuticals & Dietary Supplements, By Region, 2016-2023 (USD Million)
Table 23 Algae Products Market Size in Feed, By Region, 2016-2023 (USD Million)
Table 24 Algae Products Market Size in Personal Care Products, By Region, 2016-2023 (USD Million)
Table 25 Pharmaceutical Applications of Algae
Table 26 Algae Products Market Size in Pharmaceuticals, By Region, 2016-2023 (USD Million)
Table 27 Algae Products Market Size in Other Applications, By Region, 2016-2023 (USD Million)
Table 28 Algae Products Market Size, By Region, 2016-2023 (USD Million)
Table 29 North America: Algae Products Market Size, By Country, 2016-2023 (USD Million)
Table 30 North America: Algae Products Market Size, By Type, 2016-2023 (USD Million)
Table 31 North America: Algae Products Market Size, By Source, 2016-2023 (USD Million)
Table 32 North America: Algae Products Market Size, By Form, 2016-2023 (USD Million)
Table 33 North America: Algae Products Market Size, By Application, 2016-2023 (USD Million)
Table 34 US: Algae Products Market Size, By Type, 2016-2023 (USD Million)
Table 35 Canada: Algae Products Market Size, By Type, 2016-2023 (USD Million)
Table 36 Mexico: Algae Products Market Size, By Type, 2016-2023 (USD Million)
Table 37 Europe: Algae Products Market Size, By Country, 2016-2023 (USD Million)
Table 38 Europe: Algae Products Market Size, By Type, 2016-2023 (USD Million)
Table 39 Europe: Algae Products Market Size, By Source, 2016-2023 (USD Million)
Table 40 Europe: Algae Products Market Size, By Form, 2016-2023 (USD Million)
Table 41 Europe: Algae Products Market Size, By Application, 2016-2023 (USD Million)
Table 42 Germany: Algae Products Market Size, By Type, 2016-2023 (USD Million)
Table 43 France: Algae Products Market Size, By Type, 2016-2023 (USD Million)
Table 44 Spain: Algae Products Market Size, By Type, 2016-2023 (USD Million)
Table 45 UK: Algae Products Market Size, By Type, 2016-2023 (USD Million)
Table 46 Italy: Algae Products Market Size, By Type, 2016-2023 (USD Million)
Table 47 Rest of Europe: Algae Products Market Size, By Type, 2016-2023 (USD Million)
Table 48 Asia Pacific: Algae Products Market Size, By Country/Region, 2016-2023 (USD Million)
Table 49 Asia Pacific: Algae Products Market Size, By Type, 2016-2023 (USD Million)
Table 50 Asia Pacific: Algae Products Market Size, By Source, 2016-2023 (USD Million)
Table 51 Asia Pacific: Algae Products Market Size, By Form, 2016-2023 (USD Million)
Table 52 Asia Pacific: Algae Products Market Size, By Application, 2016-2023 (USD Million)
Table 53 China: Algae Products Market Size, By Type, 2016-2023 (USD Million)
Table 54 Japan: Algae Products Market Size, By Type, 2016-2023 (USD Million)
Table 55 India: Algae Products Market Size, By Type, 2016-2023 (USD Million)
Table 56 Australia & New Zealand: Algae Products Market Size, By Type, 2016-2023 (USD Million)
Table 57 Rest of Asia Pacific: Algae Products Market Size, By Type, 2016-2023 (USD Million)
Table 58 RoW: Algae Products Market Size, By Region, 2016-2023 (USD Million)
Table 59 RoW: Algae Products Market Size, By Type, 2016-2023 (USD Million)
Table 60 RoW: Algae Products Market Size, By Source, 2016-2023 (USD Million)
Table 61 RoW: Algae Products Market Size, By Form, 2016-2023 (USD Million)
Table 62 RoW: Algae Products Market Size, By Application, 2016-2023 (USD Million)
Table 63 South America: Algae Products Market Size, By Type, 2016-2023 (USD Million)
Table 64 Middle East & Africa: Algae Products Market Size, By Type, 2016-2023 (USD Million)
Table 65 Expansions & Investments, 2013-2017
Table 66 Mergers& Acquisitions, 2013-2017
Table 67 New Product Launches, 2015-2017
Table 68 Joint Ventures & Agreements, 2015-2017

List of Figures
Figure 1 Algae Products Market Segmentation
Figure 2 Regional Scope
Figure 3 Algae Products Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Breakdown & Data Triangulation
Figure 8 Research Assumptions
Figure 9 Research Limitations
Figure 10 Algae Products Market Size, By Type, 2018 vs 2023 (USD Million)
Figure 11 Algae Products Market Size, By Form, 2018 vs 2023 (USD Million)
Figure 12 Algae Products Market Size, By Application, 2018 vs 2023 (USD Million)
Figure 13 Algae Products Market Share (Value), By Region, 2018
Figure 14 Increasing Awareness About Health Benefits of Algae Products to Drive Market Growth
Figure 15 Nutraceuticals & Dietary Supplements to Lead the Market Between 2018 & 2023
Figure 16 The Solid Segment Estimated to Dominate the Market in Terms of Value Across All Regions in 2018
Figure 17 The Lipids Segment Accounted for the Largest Share in Asia Pacific in 2017
Figure 18 Brown Algae is Projected to Dominate the Market as A Source for Algae Products Through 2023
Figure 19 Algae Products Market Dynamics
Figure 20 Algae Products Market: Supply Chain Analysis
Figure 21 The Lipids Segment is Estimated to Dominate the Algae Products Market Between 2018 and 2023
Figure 22 Algae Products Market: Geographic Snapshot, 2017-2023
Figure 23 North American Algae Products Market: Snapshot
Figure 24 Asia Pacific Algae Products Market: Snapshot
Figure 25 Key Developments By Leading Players in the Algae Products Market, 2013-2017
Figure 26 Algae Products Market Developments, By Growth Strategy, 2015-2017
Figure 27 DSM: Company Snapshot
Figure 28 DSM: SWOT Analysis
Figure 29 BASF: Company Snapshot
Figure 30 DSM: SWOT Analysis
Figure 31 Cyanotech Corporation: Company Snapshot
Figure 32 Cyanotech Corporation: SWOT Analysis
Figure 33 Cargill: Company Snapshot
Figure 34 Cargill: SWOT Analysis
Figure 35 Dowdupont: Company Snapshot
Figure 36 Dowdupont: SWOT Analysis
Figure 37 Kerry: Company Snapshot
Figure 38 Ingredion: Company Snapshot
Figure 39 Corbion: Company Snapshot
Figure 40 E.I.D. Parry: Company Snapshot

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  • Algatechnologies
  • BASF
  • CP Kelco
  • Cargill
  • Corbion
  • Cyanotech Corporation
  • DSM
  • Dowdupont
  • E.I.D. Parry
  • Fenchem Biotek
  • Ingredion
  • Kerry
  • Roquette Frères
Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
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