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Algae - Global Strategic Business Report

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    Report

  • 182 Pages
  • May 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4806448
The global market for Algae is estimated at US$1.5 Billion in 2023 and is projected to reach US$2.1 Billion by 2030, growing at a CAGR of 4.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Open Pond Cultivation Technology segment, which is expected to reach US$1.7 Billion by 2030 with a CAGR of a 4.6%. The Raceway Pond Cultivation Technology segment is also set to grow at 4% CAGR over the next 7 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $416 Million in 2023, and China, forecasted to grow at an impressive 7.8% CAGR to reach $452.4 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Algae Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Algae Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Algae Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Algix LLC, Corbion NV, Diversified Energy Corporation, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 13 Featured):

  • Algix LLC
  • Corbion NV
  • Diversified Energy Corporation
  • DSM Nutritional Products AG
  • Kent BioEnergy Corporation
  • Pond Technologies Inc.
  • Sapphire Engineering (NE) Ltd.
  • Affinity Energy & Health
  • Algenol Biotech

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Algae - Global Key Competitors Percentage Market Share in 2024 (E)
  • Algae Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Global Economic Update
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Algae: A Prelude
  • Types of Algae
  • Benefits & Applications of Algae
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Algae: The Most Important Organism With Ecological & Commercial Significance
  • Overwhelming Scientific Evidence of the Health Benefits of Algal-Derived Food Products to Spur Commercial Opportunities in the Processed Foods End-Use Sector
  • Robust Demand for Superfoods Especially Macroalgal & Microalgal Food Amidst the Consumer Health & Fitness Craze to Spur Opportunities in the Food & Beverage End-Use Sector: Global Market for Superfoods (In US$ Billion) for the Years 2017, 2019, 2022 and 2024
  • Stringent Regulations for Wastewater Remediation Drives Increased Demand for Algae as a Ecofriendly Substitute for Chemicals
  • The Growing Urgency of Protecting Water Resources Opens Attractive Opportunities for Algae in Wastewater Treatment: Global Market for Water & Wastewater Treatment (In US$ Million) for the Years 2017, 2019, and 2022
  • New Generation Drugs Inspired by Algae Brings the Market Straight Under the Aegis of the Multi-Billion Dollar Pharmaceuticals Industry
  • Robust Pharmaceuticals Industry Amid Growing Disease Burden & High Unmet Needs Drives Demand for Novel Compounds from Marine Algae for Drug Discovery and Development: Global Pharmaceutical Industry (In US$ Billion) for the Years 2017, 2019, 2022 and 2024
  • Promising Pre-Commercial Success of Biofuel Production from Algae Signals Robust Opportunities in the Biofuels Market Over the Long-Term
  • Robust Demand for Biofuels Amid the Aggressive Effort to Replace Fossil Fuels With Ecofriendly Fuels to Push Biofuel Applications of Biofuels Closer to Commercialization: Global Biofuels Market (In US$ Billion) for the Years 2017, 2019 and 2022
  • Innovative Uses of Algae On Cards, Amid Rising Environmental Concerns & Increased Investments in Environmental Remediation
  • Algae Technology Innovations Remain Vital to Application Expansion and Sustained Growth in the Market
  • R&D Efforts Underway to Repurpose Wastewater Algae into Specialty Chemicals
  • Research in Algae-Derived Solar Fuel Makes Interesting Progress
  • Juan Algae: A Potential Candidate as a Cost Effective Feed for Aquaculture
  • Biocrude From Algae to Power Automobiles of the Future
  • Algae Finds its Way Into the Packaging Industry
  • High Profile Research Gets Underway to Convert Algae Oils Into Carbon Fibers
  • Algae in Healthcare to Receive a Boost Supported by Interesting R&D Breakthroughs
  • The R&D Community Unveils Interesting Leads on Generating Bioenergy from Spirulina
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Algae by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Algae by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 3: World 16-Year Perspective for Algae by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Open Pond Cultivation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Open Pond Cultivation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 6: World 16-Year Perspective for Open Pond Cultivation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Raceway Pond Cultivation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Raceway Pond Cultivation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 9: World 16-Year Perspective for Raceway Pond Cultivation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Other Cultivation Technologies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for Other Cultivation Technologies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 12: World 16-Year Perspective for Other Cultivation Technologies by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 13: World Algae Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Algae Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Table 14: USA Recent Past, Current & Future Analysis for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 15: USA Historic Review for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 16: USA 16-Year Perspective for Algae by Cultivation Technology - Percentage Breakdown of Value Sales for Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies for the Years 2014, 2024 & 2030
CANADA
  • Table 17: Canada Recent Past, Current & Future Analysis for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 18: Canada Historic Review for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 19: Canada 16-Year Perspective for Algae by Cultivation Technology - Percentage Breakdown of Value Sales for Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies for the Years 2014, 2024 & 2030
JAPAN
  • Algae Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Table 20: Japan Recent Past, Current & Future Analysis for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 21: Japan Historic Review for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 22: Japan 16-Year Perspective for Algae by Cultivation Technology - Percentage Breakdown of Value Sales for Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies for the Years 2014, 2024 & 2030
CHINA
  • Algae Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Table 23: China Recent Past, Current & Future Analysis for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 24: China Historic Review for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 25: China 16-Year Perspective for Algae by Cultivation Technology - Percentage Breakdown of Value Sales for Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies for the Years 2014, 2024 & 2030
EUROPE
  • Algae Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Table 26: Europe Recent Past, Current & Future Analysis for Algae by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 27: Europe Historic Review for Algae by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 28: Europe 16-Year Perspective for Algae by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2024 & 2030
  • Table 29: Europe Recent Past, Current & Future Analysis for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 30: Europe Historic Review for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 31: Europe 16-Year Perspective for Algae by Cultivation Technology - Percentage Breakdown of Value Sales for Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies for the Years 2014, 2024 & 2030
FRANCE
  • Algae Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
  • Table 32: France Recent Past, Current & Future Analysis for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 33: France Historic Review for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 34: France 16-Year Perspective for Algae by Cultivation Technology - Percentage Breakdown of Value Sales for Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies for the Years 2014, 2024 & 2030
GERMANY
  • Algae Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
  • Table 35: Germany Recent Past, Current & Future Analysis for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 36: Germany Historic Review for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 37: Germany 16-Year Perspective for Algae by Cultivation Technology - Percentage Breakdown of Value Sales for Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies for the Years 2014, 2024 & 2030
ITALY
  • Table 38: Italy Recent Past, Current & Future Analysis for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 39: Italy Historic Review for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 40: Italy 16-Year Perspective for Algae by Cultivation Technology - Percentage Breakdown of Value Sales for Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies for the Years 2014, 2024 & 2030
UNITED KINGDOM
  • Algae Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • Table 41: UK Recent Past, Current & Future Analysis for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 42: UK Historic Review for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 43: UK 16-Year Perspective for Algae by Cultivation Technology - Percentage Breakdown of Value Sales for Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies for the Years 2014, 2024 & 2030
SPAIN
  • Table 44: Spain Recent Past, Current & Future Analysis for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 45: Spain Historic Review for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 46: Spain 16-Year Perspective for Algae by Cultivation Technology - Percentage Breakdown of Value Sales for Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies for the Years 2014, 2024 & 2030
RUSSIA
  • Table 47: Russia Recent Past, Current & Future Analysis for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 48: Russia Historic Review for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 49: Russia 16-Year Perspective for Algae by Cultivation Technology - Percentage Breakdown of Value Sales for Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies for the Years 2014, 2024 & 2030
REST OF EUROPE
  • Table 50: Rest of Europe Recent Past, Current & Future Analysis for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 51: Rest of Europe Historic Review for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 52: Rest of Europe 16-Year Perspective for Algae by Cultivation Technology - Percentage Breakdown of Value Sales for Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies for the Years 2014, 2024 & 2030
ASIA-PACIFIC
  • Algae Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Table 53: Asia-Pacific Recent Past, Current & Future Analysis for Algae by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 54: Asia-Pacific Historic Review for Algae by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 55: Asia-Pacific 16-Year Perspective for Algae by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2014, 2024 & 2030
  • Table 56: Asia-Pacific Recent Past, Current & Future Analysis for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 57: Asia-Pacific Historic Review for Algae by Cultivation Technology - Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 58: Asia-Pacific 16-Year Perspective for Algae by Cultivation Technology - Percentage Breakdown of Value Sales for Open Pond Cultivation, Raceway Pond Cultivation and Other Cultivation Technologies for the Years 2014, 2024 & 2030
AUSTRALIA
  • Algae Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Algae Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Algae Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Algae Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Algae Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Algix LLC
  • Corbion NV
  • Diversified Energy Corporation
  • DSM Nutritional Products AG
  • Kent BioEnergy Corporation
  • Pond Technologies Inc.
  • Sapphire Engineering (NE) Ltd.
  • Affinity Energy & Health
  • Algenol Biotech

Table Information