Global Algae Products Market By Source (Macroalgae and Microalgae), By Application (Pharmaceuticals and Nutraceuticals, Food & Beverages, Cosmetics and Others), By Region, Competition, Forecast & Opportunities, 2024

The global algae products market stood at $ 9.9 billion in 2018 and is projected to grow at a CAGR of over 7% during 2019-2024 to reach $ 14.99 billion by 2024, on the back of increasing use of algae products in healthy food items to produce natural nutrient supplements, thereby emerging as a promising substitute for animal based nutrition. The growing application of algae products in the pharmaceutical sector for manufacturing antimicrobials, antivirals and anti-bacterial medicines, neuroprotective products, human therapeutic proteins, drugs for cancer treatment, and pharmacology is another major factor expected to fuel the market in the coming years. Some of the other market drivers are increasing investments in algae production, growing number of mergers & acquisitions, and rising demand for alternative sources of energy such as algae-based biofuels.

Years considered for this report:

Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024

Objective of the Study:

To analyze and forecast the global algae products market size.
To define, classify and forecast the global algae products market on the basis of source, application, and region.
To scrutinize the detailed market segmentation and forecast the market size on the basis of application, namely – Pharmaceutical and Nutraceutical, Food & Beverages, Cosmetics and Others.
To analyze and forecast the market share for algae products with respect to region, namely: North America, South America, Asia-Pacific, Europe and Middle East & Africa.
To identify tailwinds and headwinds for the global algae products market.
To strategically profile the leading players operating in algae products market, globally.

Some of the major players operating in the global algae products market are DIC Corporation, BASF SE, Koninklijke DSM N.V., Corbion N.V., Cyanotech Corporation, AlgaTechnologies Ltd., Algaetech International Sdn Bhd, Tianjin Norland Biotech Co., Ltd., Cellana, Inc. and E.I.D Parry (India) Limited.

Both primary as well as exhaustive secondary research were performed for this study. Initially, a list of algae product manufacturers and suppliers was sourced. Subsequently, primary research surveys were conducted with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, researchers were able to include the manufacturers which could not be identified due to the limitations of secondary research. The product offerings and regional presence of all major algae product suppliers across the globe were analyzed.

The global algae products market size was calculated by using a bottom-up approach, where manufacturers’ value shares data for product source (microalgae and macroalgae) were recorded and forecast for the future years. These values were sourced from the industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as directories, databases such as company annual reports, World Bank, industry magazines, industry reports, news dailies, Algae Product Associations, Food and Agricultural Organizations, credible paid databases and proprietary databases were also studied.

Key Target Audience:

Algae Product manufacturers, Importers and suppliers
Research organizations and consulting companies
Organizations, forums and alliances related to Algae
Government bodies such as regulating authorities and policy makers

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as algae product manufacturers, distributors and dealers, customers and policy makers. The study would also help in identifying market segments that should be targeted over the coming years in order to strategize investments and capitalize on the growth of the market segment.

Report Scope:

In this report, the global algae products market has been segmented into the following categories in addition to the industry trends which have also been detailed below:

Market, by Source:

Microalgae
Macroalgae

Market, by Application:

Pharmaceutical & Nutraceutical
Food & Beverages
Cosmetics
Others

Market, by Region:

Asia-Pacific
China
Japan
South Korea
Indonesia
Philippines
Rest of Asia-Pacific

North America

United States
Canada
Mexico
Rest of North America

South America

Chile
Brazil
Peru
Rest of South America

Middle East & Africa

Israel
Saudi Arabia
UAE
Turkey
Rest of Middle East & Africa

Europe

United Kingdom
Germany
Belgium
France
Netherlands
Rest of Europe

Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global algae products market.

Please note: With the Enterprise license, the PDF product is printable and editable and comes with a market data excel sheet.

1. Product Overview2. Research Methodology3. Executive Summary

4. Global Algae Products Market Outlook

4.1.    Market Size & Forecast
4.1.1.    By Value
4.2.    Market Share & Forecast
4.2.1.    By Source (Macroalgae Vs. Microalgae)
4.2.2.    By Application (Pharmaceutical & Nutraceutical, Food & Beverages, Cosmetics & Others)
4.2.3.    By Region
4.2.4.    By Company
4.3.    Market Attractiveness Index (By Source, By Application and By Region)

5. North America Algae Products Market Outlook

5.1.    Market Size & Forecast
5.1.1.    By Value
5.2.    Market Share & Forecast
5.2.1.    By Source
5.2.2.    By Application
5.2.3.    By Country
5.3.    United States Algae Products Market Outlook
5.3.1.    Market Size & Forecast
5.3.1.1.    By Value
5.3.2.    Market Share & Forecast
5.3.2.1.    By Source
5.3.2.2.    By Application
5.4.    Canada Algae Products Market Outlook
5.4.1.    Market Size & Forecast
5.4.1.1.    By Value
5.4.2.    Market Share & Forecast
5.4.2.1.    By Source
5.4.2.2.    By Application
5.5.    Mexico Algae Products Market Outlook
5.5.1.    Market Size & Forecast
5.5.1.1.    By Value
5.5.2.    Market Share & Forecast
5.5.2.1.    By Source
5.5.2.2.    By Application

6. Europe Algae Products Market Outlook

6.1.    Market Size & Forecast
6.1.1.    By Value
6.2.    Market Share & Forecast
6.2.1.    By Source
6.2.2.    By Application
6.2.3.    By Country
6.3.    United Kingdom Algae Products Market Outlook
6.3.1.    Market Size & Forecast
6.3.1.1.    By Value
6.3.2.    Market Share & Forecast
6.3.2.1.    By Source
6.3.2.2.    By Application
6.4.    Germany Algae Products Market Outlook
6.4.1.    Market Size & Forecast
6.4.1.1.    By Value
6.4.2.    Market Share & Forecast
6.4.2.1.    By Source
6.4.2.2.    By Application
6.5.    Belgium Algae Products Drinks Market Outlook
6.5.1.    Market Size & Forecast
6.5.1.1.    By Value
6.5.2.    Market Share & Forecast
6.5.2.1.    By Source
6.5.2.2.    By Application
6.6.    France Algae Products Market Outlook
6.6.1.    Market Size & Forecast
6.6.1.1.    By Value
6.6.2.    Market Share & Forecast
6.6.2.1.    By Source
6.6.2.2.    By Application
6.7.    Netherlands Algae Products Market Outlook
6.7.1.    Market Size & Forecast
6.7.1.1.    By Value
6.7.2.    Market Share & Forecast
6.7.2.1.    By Source
6.7.2.2.    By Application

7. Asia-Pacific Algae Products Market Outlook

7.1.    Market Size & Forecast
7.1.1.    By Value
7.2.    Market Share & Forecast
7.2.1.    By Source
7.2.2.    By Application
7.2.3.    By Country
7.3.    China Algae Products Market Outlook
7.3.1.    Market Size & Forecast
7.3.1.1.    By Value
7.3.2.    Market Share & Forecast
7.3.2.1.    By Source
7.3.2.2.    By Distribution Channel
7.4.    Japan Algae Products Market Outlook
7.4.1.    Market Size & Forecast
7.4.1.1.    By Value
7.4.2.    Market Share & Forecast
7.4.2.1.    By Source
7.4.2.2.    By Application
7.5.    South Korea Algae Products Market Outlook
7.5.1.    Market Size & Forecast
7.5.1.1.    By Value
7.5.2.    Market Share & Forecast
7.5.2.1.    By Source
7.5.2.2.    By Application
7.6.    Indonesia Algae Products Market Outlook
7.6.1.    Market Size & Forecast
7.6.1.1.    By Value
7.6.2.    Market Share & Forecast
7.6.2.1.    By Source
7.6.2.2.    By Application
7.7.    Philippines Algae Products Market Outlook
7.7.1.    Market Size & Forecast
7.7.1.1.    By Value
7.7.2.    Market Share & Forecast
7.7.2.1.    By Source
7.7.2.2.    By Application

8. South America Algae Products Market Outlook

8.1.    Market Size & Forecast
8.1.1.    By Value
8.2.    Market Share & Forecast
8.2.1.    By Source
8.2.2.    By Application
8.2.3.    By Country
8.3.    Chile Algae Products Market Outlook
8.3.1.    Market Size & Forecast
8.3.1.1.    By Value
8.3.2.    Market Share & Forecast
8.3.2.1.    By Source
8.3.2.2.    By Application
8.4.    Brazil Algae Products Market Outlook
8.4.1.    Market Size & Forecast
8.4.1.1.    By Value
8.4.2.    Market Share & Forecast
8.4.2.1.    By Source
8.4.2.2.    By Application
8.5.    Peru Algae Products Market Outlook
8.5.1.    Market Size & Forecast
8.5.1.1.    By Value
8.5.2.    Market Share & Forecast
8.5.2.1.    By Source
8.5.2.2.    By Application

9. Middle East & Africa Algae Products Market Outlook

9.1.    Market Size & Forecast
9.1.1.    By Value
9.2.    Market Share & Forecast
9.2.1.    By Source
9.2.2.    By Application
9.2.3.    By Country
9.3.    Israel Algae Products Market Outlook
9.3.1.    Market Size & Forecast
9.3.1.1.    By Value
9.3.2.    Market Share & Forecast
9.3.2.1.    By Source
9.3.2.2.    By Application
9.4.    Saudi Arabia Algae Products Market Outlook
9.4.1.    Market Size & Forecast
9.4.1.1.    By Value
9.4.2.    Market Share & Forecast
9.4.2.1.    By Source
9.4.2.2.    By Application
9.5.    UAE Algae Products Market Outlook
9.5.1.    Market Size & Forecast
9.5.1.1.    By Value
9.5.2.    Market Share & Forecast
9.5.2.1.    By Source
9.5.2.2.    By Application
9.6.    Turkey Algae Products Market Outlook
9.6.1.    Market Size & Forecast
9.6.1.1.    By Value
9.6.2.    Market Share & Forecast
9.6.2.1.    By Source
9.6.2.2.    By Application

10. Market Dynamics

10.1. Drivers
10.2. Challenges

11. Market Trends & Developments

12. Competitive Landscape

12.1.    Competition Outlook
12.2.    Company Profiles
12.2.1.    DIC Corporation
12.2.2.    BASF SE
12.2.3.    Koninklijke DSM N.V.
12.2.4.    Corbion N.V.
12.2.5.    Cyanotech Corporation
12.2.6.    AlgaTechnologies Ltd.
12.2.7.    Algaetech International Sdn Bhd
12.2.8.    Tianjin Norland Biotech Co., Ltd.
12.2.9.    Cellana, Inc.
12.2.10.    E.I.D Parry (India) Limited

13. Strategic Recommendations

List of Figures

Figure 1: Global Algae Products Market Size, By Value (USD Million), 2014–2024F
Figure 2: Global Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 3: Global Algae Products Market Share, By Application, By Value, 2014-2024F
Figure 4: Global Algae Products Market Size, By Region, By Value, 2018 & 2024F (USD Million)
Figure 5: Global Algae Products Market Share, By Company, By Value, 2018 & 2024F
Figure 6: Global Algae Products Market Attractiveness Index, By Source, By Value, 2019E-2024F
Figure 7: Global Algae Products Market Attractiveness Index, By Application, By Value, 2019E-2024F
Figure 8: Global Algae Products Market Attractiveness Index, By Region, By Value, 2019E-2024F
Figure 9: North America Algae Products Market Size, By Value (USD Million), 2014–2024F
Figure 10: North America Urban Population Share (As a Percentage of Total Population), By Select Country, 2013-2017
Figure 11: North America GDP per Capita, 2012-2017 (USD)
Figure 12: North America Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 13: North America Algae Products Market Share, By Application, By Value, 2014-2024F
Figure 14: North America Algae Products Market Share, By Country, By Value, 2014-2024F
Figure 15: United States Algae Products Market Size, By Value (USD Million), 2014–2024F
Figure 16: United States Seaweed Imports, By Value (USD Million) & Volume (Thousand Tonnes), 2014-2016
Figure 17: United States Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 18: United States Algae Products Market Share, By Application, By Value, 2014-2024F
Figure 19: Canada Algae Products Market Size, By Value (USD Million), 2014–2024F
Figure 20: Canada GDP per Capita, 2012-2017 (USD)
Figure 21: Canada Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 22: Canada Algae Products Market Share, By Application, By Value, 2014-2024F
Figure 23: Mexico Algae Products Market Size, By Value (USD Million), 2014–2024F
Figure 24: Mexico Imports of Seaweed By Value (USD Thousand) & Volume (Thousand Tonnes), 2012-2016
Figure 25: Mexico Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 26: Mexico Algae Products Market Share, By Application, By Value, 2014-2024F
Figure 27: Europe Algae Products Market Size, By Value (USD Million), 2014–2024F
Figure 28: European Union Seaweed Imports & Exports, By Volume, 2012-2016 (Thousand Tonnes)
Figure 29: Europe Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 30: Europe Algae Products Market Share, By Application, By Value, 2014-2024F
Figure 31: Europe Algae Products Market Share, By Country, By Value, 2014-2024F
Figure 32: United Kingdom Algae Products Market Size, By Value (USD Million), 2014-2024F
Figure 33: United Kingdom Imports of Seaweed, By Value (USD Thousand) & Volume (Thousand Tonnes), 2012-2016
Figure 34: United Kingdom Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 35: United Kingdom Algae Products Market Share, By Application, By Value, 2014-2024F
Figure 36: Germany Algae Products Market Size, By Value (USD Million), 2014–2024F
Figure 37: Germany Imports of Seaweed, By Value (USD Thousand) & Volume (Thousand Tonnes), 2012-2016
Figure 38: Germany Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 39: Germany Algae Products Market Share, By Application, By Value, 2014-2024F
Figure 40: Belgium Algae Products Market Size, By Value (USD Million), 2014–2024F
Figure 41: Belgium, Imports of Seaweed, By Value (USD Thousand) & Volume (Thousand Tonnes), 2012-2016
Figure 42: Belgium Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 43: Belgium Algae Products Market Share, By Application, By Value, 2014-2024F
Figure 44: France Algae Products Market Size, By Value (USD Million), 2014–2024F
Figure 45: France Imports of Seaweed By Value (USD Thousand) & Volume (Thousand Tonnes), 2012-2016
Figure 46: France Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 47: France Algae Products Market Share, By Application, By Value, 2014-2024F
Figure 48: Netherlands Algae Products Market Size, By Value (USD Million), 2014–2024F
Figure 49: Netherlands Imports of Seaweed, By Value (USD Thousand) & Volume (Thousand Tonnes), 2012-2016
Figure 50: Netherlands Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 51: Netherlands Algae Products Market Share, By Application, By Value, 2014-2024F
Figure 52: Asia-Pacific Algae Products Market Size, By Value (USD Million), 2014–2024F
Figure 53: Asia-Pacific Urban Population Share (As a Percentage of Total Population), By Select Country, 2013-2017
Figure 54: Asia-Pacific Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 55: Asia-Pacific Algae Products Market Share, By Application, By Value, 2014-2024F
Figure 56: Asia-Pacific Algae Products Market Share, By Country, By Value, 2014-2024F
Figure 57: China Algae Products Market Size, By Value (USD Million), 2014–2024F
Figure 58: China Farmed Seaweed Production, 2009-2015 (Million Tonnes)
Figure 59: China Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 60: China Algae Products Market Share, By Application, By Value, 2014-2024F
Figure 61: Japan Algae Products Market Size, By Value (USD Million), 2014–2024F
Figure 62: Japan Seaweed Imports, By Value (USD Million) & Volume (Thousand Tonnes), 2013-2016
Figure 63: Japan Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 64: Japan Algae Products Market Share, By Application, By Value, 2014-2024F
Figure 65: South Korea Algae Products Market Size, By Value (USD Million), 2014–2024F
Figure 66: South Korea Imports of Seaweed, By Value (USD Million) & Volume (Million Tonnes), 2012-2016
Figure 67: South Korea Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 68: South Korea Algae Products Market Share, By Application, By Value, 2014-2024F
Figure 69: Indonesia Algae Products Market Size, By Value (USD Million), 2014–2024F
Figure 70: Indonesia Seaweed Production, 2010-2015 (Million Tonnes)
Figure 71: Indonesia Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 72: Indonesia Algae Products Market Share, By Application, By Value, 2014-2024F
Figure 73: Philippines Algae Products Market Size, By Value (USD Million), 2014-2024F
Figure 74: Philippines Seaweed Production, 2011-2015 (Million Tonnes)
Figure 75: Philippines Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 76: Philippines Algae Products Market Share, By Application, By Value, 2014-2024F
Figure 77: South America Algae Products Market Size, By Value (USD Million), 2014–2024F
Figure 78: South America Urban Population Share (As a Percentage of Total Population), By Select Country, 2012-2017
Figure 79: South America Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 80: South America Algae Products Market Share, By Application, By Value, 2014-2024F
Figure 81: South America Algae Products Market Share, By Country, By Value, 2014-2024F
Figure 82: Chile Algae Products Market Size, By Value (USD Million), 2014–2024F
Figure 83: Chile Exports of Seaweed, By Value (USD Million) & Volume (Million Tonnes), 2012-2016
Figure 84: Chile Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 85: Chile Algae Products Market Share, By Application, By Value, 2014-2024F
Figure 86: Brazil Algae Products Market Size, By Value (USD Million), 2014–2024F
Figure 87: Brazil Imports of Seaweed, By Value (USD Million) & Volume (Million Tonnes), 2012-2016
Figure 88: Brazil Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 89: Brazil Algae Products Market Share, By Application, By Value, 2014-2024F
Figure 90: Peru Algae Products Market Size, By Value (USD Million), 2014–2024F
Figure 91: Peru Per Capita GDP, 2012-2017 (USD)
Figure 92: Peru Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 93: Peru Algae Products Market Share, By Application, By Value, 2014-2024F
Figure 94: Middle East & Africa Algae Products Market Size, By Value (USD Million), 2014–2024F
Figure 95: Middle East & Africa Urban Population Share (As a Percentage of Total Population), By Select Country, 2012-2017
Figure 96: Middle East & Africa Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 97: Middle East & Africa Algae Products Market Share, By Application, By Value, 2014-2024F
Figure 98: Middle East & Africa Algae Products Market Share, By Country, By Value, 2014-2024F
Figure 99: Israel Algae Products Market Size, By Value (USD Billion), 2014–2024F
Figure 100: Israel Per Capita GDP (PPP), 2012-2017 (USD)
Figure 101: Israel Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 102: Israel Algae Products Market Share, By Application, By Value, 2014-2024F
Figure 103: Saudi Arabia Algae Products Market Size, By Value (USD Million), 2014–2024F
Figure 104: Saudi Arabia Per Capita GDP (PPP), 2012-2017 (USD)
Figure 105: Saudi Arabia Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 106: Saudi Arabia Algae Products Market Share, By Application, By Value, 2014-2024F
Figure 107: UAE Algae Products Market Size, By Value (USD Million), 2014–2024F
Figure 108: UAE Per Capita GDP (PPP), 2012-2017 (USD)
Figure 109: UAE Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 110: UAE Algae Products Market Share, By Application, By Value, 2014-2024F
Figure 111: Turkey Algae Products Market Size, By Value (USD Million), 2014–2024F
Figure 112: Turkey Per Capita GDP (PPP), 2012-2017 (USD)
Figure 113: Turkey Algae Products Market Share, By Source, By Value, 2014-2024F
Figure 114: Turkey Algae Products Market Share, By Application, By Value, 2014-2024F

List of Tables

Table 1: Global Top Exporters of Seaweed, By Volume, 2012-2016 (Tonnes)
Table 2: Overview of Algae Products and their Applications in Diverse Industries