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Algae Ingredients Market - Growth, Trends, and Forecasts (2020 - 2025)

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  • 120 Pages
  • April 2020
  • Region: Global
  • Mordor Intelligence
  • ID: 4987175
The global algae Ingredients Market is expected to register a CAGR of 8.11% during the forecast period, 2020 to 2025.

Algae-based ingredients consist of essential fatty acids that have a broad range of health benefits, including cardiovascular, eye and brain health, for which it is widely used in the various end-user applications, like dietary supplements, infant nutrition, functional food and beverages, and pharmaceutical and clinical nutrition.

The global market for algae-based ingredients industry is dynamic and highly fragmented, with numerous small and domestic players occupying a major chunk of the global market share.

Key Market Trends

Health Benefits Associated With Omega-3 Consumption

Omega-3 fatty acids, particularly EPA and DHA, are essential in the human diet for proper growth, development, and good health. These are particularly good for heart health, joint and inflammation support, eye health, cognitive function, pregnancy and healthy child development, and immune function, among other benefits. There is an availability of a range of complementary life course strategies to improve cardiovascular health in both children and adults. Such approaches focus on both improving cardiovascular health among those who currently have less than optimal levels, and preserving cardiovascular health among those who currently have ideal levels.

North America Dominates the Global Market

North America region is expected to account for a leading share due to high adoption from the countries such as the United Kingdom and Canada. Rising the cases such as cardio vascular diseases and obesity across the countries are primarily driving growth of the global algae omega-3 ingredients market. The market in Asia Pacific is expected to grow significantly owing to the growing exports and domestic demand for plant-based ingredients. China is one of the largest producers of plant-based ingredients in the region due to the easy availability of raw materials in the country. Also, growth in pharmaceutical, cosmetics, animal feed, and food & beverage industries is likely to propel the demand for algae protein from developing economies such as China, India, Indonesia, Malaysia, and South Korea over the next few years.

Competitive Landscape

Many small companies started commercial production of algae ingredients, only to be acquired by larger players as a competitive strategy. Major companies focus on investment in R&D, to compete in the emerging market.Some of the major key players in algae ingredients market, globally includes ADM, DSM, Fuji Chemical Industries Co., Ltd, Dupont, Cargill, Roquette Frères, among others.

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Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
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 Others
5.2 By Application
5.2.1 Food
5.2.2 Pharmaceuticals
5.2.3 Animal Nutrition
5.2.4 Cosmetics
5.2.5 Others
5.3 Geography
5.3.1 North America United States Canada Mexico Rest of North America
5.3.2 Europe United Kingdom Germany France Russia Italy Spain Rest of Europe
5.3.3 Asia Pacific India China Japan Australia Rest of Asia-Pacific
5.3.4 South America Brazil Argentina Rest of South America
5.3.5 Middle East & Africa South Africa Saudi Arabia Rest of Middle East & Africa
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Position Analysis
6.4 Company Profiles
6.4.1 Archer Daniels Midland Company
6.4.2 Koninklijke DSM N.V
6.4.3 BASF SE
6.4.4 Cargill, Inc
6.4.5 Dupont
6.4.6 Roquette Freres
6.4.7 Fuji Chemical Industries Co., Ltd
6.4.8 Algavia

Companies Mentioned (Partial List)

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

  • Archer Daniels Midland Company
  • Koninklijke DSM N.V
  • Cargill, Inc
  • Dupont
  • Roquette Freres
  • Fuji Chemical Industries Co., Ltd
  • Algavia