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Algae Products Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Source, Type, Form, Application, and Geography

  • ID: 5129063
  • Report
  • June 2020
  • Region: Global
  • 211 pages
  • The Insight Partners
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until Sep 30th 2020
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FEATURED COMPANIES

  • Algatech LTD
  • Algenol
  • BASF SE
  • Cargill, Incorporated
  • Cellana Inc.
  • Corbion
  • MORE
The algae products market was valued at US$ 2, 405.5 million in 2019 and is projected to reach US$ 4, 339.3 million by 2027; it is expected to grow at a CAGR of 7.8% from 2020 to 2027.

Algae are the base of the aquatic food chain and major supplement of food and energy in the modern food industry. Marine algae are a rich source of minerals, vitamins, and proteins and considered as superfoods. Spirulina is an example of algae widely used as food and nutritional supplement in human and animals. They are known to boost the immune system, lowering cholesterol, and improving memory. Algae are rich in antioxidants and carotenoids and hence are extremely useful in nutraceutical & dietary supplements. Algae are manufactured into powder, tablets, and liquids. In addition, algae can have high biofuel yields.

The algae products market is anticipated to grow in the forecast period owing to driving factors such as rising consumer awareness regarding health benefits of algae-based products coupled with rising demands for natural ingredients. Growing applicability in multiple industries such as pharmaceuticals and food and beverage industry further fuels the growth of the algae products market. However, climatic conditions affect the algae production and this may restrict the market growth. Nonetheless, untapped markets of developing nations showcase major growth opportunities for algae products market during the forecast period.

The global algae products market is segmented into source, type, form, and application. Based on source, the market is further segmented into brown algae, blue-green algae, red algae, green algae, and others. Based on type, the markets further classified into lipids, carrageenan, carotenoids, alginate, algal protein, and others. Based on form, the market is further bifurcated into as solid and liquid. Based on application, the market is further categorized into food & beverages, nutraceuticals & dietary supplements, personal care products, feed, pharmaceuticals, and others.

Algatechnologies Ltd, Algenol, BASF SE, Cargill, Incorporated., Cellana Inc., Corbion nv, CP Kelco (J.M. Huber- Corporation), Cyanotech Corporation., DSM Nutritional Products AG, and E.I.D. Parry Limited are among the key players that were profiled during the algae products market study. In addition to these players, several other important market players were studied and analyzed during the course of this market research study to get a holistic view of the global algae products market and its ecosystem.

Impact of COVID-19 Pandemic on Algae Products Market

The COVID-19 outbreak has created multiple challenges in the food &beverages industry. However, marine red algae may hold the key to prevent the spread of coronavirus as biocompatible compounds extracted from them can be used as a coating material on sanitary items. Canadian researchers use algae to develop serological test kits for COVID-19 that are low-cost. It helps determining the novel coronavirus infection in a suspect. According to the researchers at the University of Western Ontario in Canada, the new method overcomes the shortfalls of existing processes while saving money.

The overall size of the global algae products market has been derived in accordance with primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the algae products market. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in algae products.

Reasons to Buy
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global algae products market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global algae products market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • Algatech LTD
  • Algenol
  • BASF SE
  • Cargill, Incorporated
  • Cellana Inc.
  • Corbion
  • MORE
1. Introduction
1.1 Scope of The Study
1.2 Report Guidance
1.3 Market Segmentation
1.3.1 Global Algae Products Market - By Source
1.3.2 Global Algae Products Market - By Type
1.3.3 Global Algae Products Market - By Form
1.3.4 Global Algae Products Market - By Application
1.3.5 Global Algae Products Market - By Geography

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Algae Products Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Algae Products Market - North America PEST Analysis
4.2.2 Algae Products Market - Europe PEST Analysis
4.2.3 Algae Products Market - Asia-Pacific PEST Analysis
4.2.4 Algae Products Market - Middle East and Africa PEST Analysis
4.2.5 Algae Products Market - South America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. Algae Products Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Alternate Food Source and Food Ingredient
5.1.2 Increased Use of Algae Products in Nutraceutical and Pharmaceutical
5.2 Market Restraints
5.2.1 Impact of Climate Change due to Harmful Algal Blooms (HABs)
5.3 Market Opportunities
5.3.1 Increased Use of Algae as a Colouring Agent
5.4 Future Trend
5.4.1 Exponential Growth in Biofuel Market Arena
5.5 Impact Analysis of Drivers and Restraints

6. Algae Products Market - Global Market Analysis
6.1 Algae Products Market Overview
6.2 Algae Products Market -Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Global Key Players

7. Algae Products Market Analysis - By Source-
7.1 Overview
7.2 Algae Products Market Breakdown, by Source, 2019 & 2027
7.3 Brown Algae
7.3.1 Overview
7.3.2 Brown Algae: Algae Products Market -Revenue and Forecast to 2027 (US$ Million)
7.4 Blue-Green Algae
7.4.1 Overview
7.4.2 Blue-Green Algae: Algae Products Market -Revenue and Forecast to 2027 (US$ Million)
7.5 Red Algae
7.5.1 Overview
7.5.2 Red Algae: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
7.6 Green Algae
7.6.1 Overview
7.6.2 Green Algae: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Algae Products Market -Revenue and Forecast to 2027 (US$ Million)

8. Algae Products Market Analysis - By Types
8.1 Overview
8.2 Algae Products Market Breakdown, by Type, 2019 & 2027
8.3 Lipid
8.3.1 Overview
8.3.2 Lipid: Algae Products Market -Revenue and Forecast to 2027 (US$ Million)
8.4 Carrageenan
8.4.1 Overview
8.4.2 Carrageenan: Algae Products Market -Revenue and Forecast to 2027 (US$ Million)
8.5 Carotenoids
8.5.1 Overview
8.5.2 Carotenoids: Algae Products Market - Revenue, and Forecast to 2027 (US$ Million)
8.6 Alginate
8.6.1 Overview
8.6.2 Alginate: Algae Products Market - Revenue, and Forecast to 2027 (US$ Million)
8.7 Algal Protein
8.7.1 Overview
8.7.2 Algal Protein: Algae Products Market - Revenue, and Forecast to 2027 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: Algae Products Market - Revenue, and Forecast to 2027 (US$ Million)

9. Algae Products Market Analysis - By Form
9.1 Overview
9.2 Algae Products Market Breakdown, by Form, 2019 & 2027
9.3 Solid
9.3.1 Overview
9.3.2 Solid: Algae Products Market -Revenue and Forecast to 2027 (US$ Million)
9.4 Liquid
9.4.1 Overview
9.4.2 Liquid: Algae Products Market -Revenue and Forecast to 2027 (US$ Million)

10. Algae Products Market Analysis - By Application
10.1 Overview
10.2 Algae Products Market Breakdown, by Application, 2019 & 2027
10.3 Food & Beverages
10.3.1 Overview
10.3.2 Food & Beverages: Algae Products Market -Revenue and Forecast to 2027 (US$ Million)
10.4 Nutraceuticals & Dietary Supplements
10.4.1 Overview
10.4.2 Nutraceuticals & Dietary Supplements : Algae Products Market -Revenue and Forecast to 2027 (US$ Million)
10.5 Personal Care Products
10.5.1 Overview
10.5.2 Personal Care Products: Algae Products Market -Revenue and Forecast to 2027 (US$ Million)
10.6 Feed
10.6.1 Overview
10.6.2 Feed: Algae Products Market -Revenue and Forecast to 2027 (US$ Million)
10.7 Pharmaceuticals
10.7.1 Overview
10.7.2 Pharmaceuticals: Algae Products Market -Revenue and Forecast to 2027 (US$ Million)
10.8 Others
10.8.1 Overview
10.8.2 Others: Algae Products Market -Revenue and Forecast to 2027 (US$ Million)

11. Algae Products Market - Geographic Analysis
11.1 Overview
11.2 North America: Algae Products Market
11.2.1 North America: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.2.2 North America: Algae Products Market, by Source
11.2.3 North America: Algae Products Market, by Type
11.2.4 North America: Algae Products Market, by Form
11.2.5 North America: Algae Products Market, by Application
11.2.6 North America: Algae Products Market, by Key Country
11.2.6.1 US: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.2.6.1.1 US: Algae Products Market, by Source
11.2.6.1.2 US: Algae Products Market, by Type
11.2.6.1.3 US: Algae Products Market, by Form
11.2.6.1.4 US: Algae Products Market, by Application
11.2.6.2 Canada: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.2.6.2.1 Canada: Algae Products Market, by Source
11.2.6.2.2 Canada: Algae Products Market, by Type
11.2.6.2.3 Canada: Algae Products Market, by Form
11.2.6.2.4 Canada: Algae Products Market, by Application
11.2.6.3 Mexico: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.2.6.3.1 Mexico: Algae Products Market, by Source
11.2.6.3.2 Mexico: Algae Products Market, by Type
11.2.6.3.3 Mexico: Algae Products Market, by Form
11.2.6.3.4 Mexico: Algae Products Market, by Application
11.3 Europe: Algae Products Market
11.3.1 Europe: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.3.2 Europe: Algae Products Market, By Source
11.3.3 Europe: Algae Products Market, By Type
11.3.4 Europe: Algae Products Market, By Form
11.3.5 Europe: Algae Products Market, By Application
11.3.6 Europe: Algae Products Market, By Country
11.3.6.1 France: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.3.6.1.1 France: Algae Products Market, by Source
11.3.6.1.2 France: Algae Products Market, by Type
11.3.6.1.3 France: Algae Products Market, by Form
11.3.6.1.4 France: Algae Products Market, by Application
11.3.6.2 Germany: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.3.6.2.1 Germany: Algae Products Market, by Source
11.3.6.2.2 Germany: Algae Products Market, by Type
11.3.6.2.3 Germany: Algae Products Market, by Form
11.3.6.2.4 Germany: Algae Products Market, by Application
11.3.6.3 Italy: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.3.6.3.1 Italy: Algae Products Market, by Source
11.3.6.3.2 Italy: Algae Products Market, by Type
11.3.6.3.3 Italy: Algae Products Market, by Form
11.3.6.3.4 Italy: Algae Products Market, by Application
11.3.6.4 UK: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.3.6.4.1 UK: Algae Products Market, by Source
11.3.6.4.2 UK: Algae Products Market, by Type
11.3.6.4.3 UK: Algae Products Market, by Form
11.3.6.4.4 UK: Algae Products Market, by Application
11.3.6.5 Russia: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.3.6.5.1 Russia: Algae Products Market, by Source
11.3.6.5.2 Russia: Algae Products Market, by Type
11.3.6.5.3 Russia: Algae Products Market, by Form
11.3.6.5.4 Russia: Algae Products Market, by Application
11.3.6.6 Rest of Europe: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.3.6.6.1 Rest of Europe: Algae Products Market, by Source
11.3.6.6.2 Rest of Europe: Algae Products Market, by Type
11.3.6.6.3 Rest of Europe: Algae Products Market, by Form
11.3.6.6.4 Rest of Europe: Algae Products Market, by Application
11.4 APAC: Algae Products Market
11.4.1 APAC: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.4.2 APAC: Algae Products Market, By Source
11.4.3 APAC: Algae Products Market, By Type
11.4.4 APAC: Algae Products Market, By Form
11.4.5 APAC: Algae Products Market, By Application
11.4.6 APAC: Algae Products Market, By Country
11.4.6.1 Australia: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.4.6.1.1 Australia: Algae Products Market, by Source
11.4.6.1.2 Australia: Algae Products Market, by Type
11.4.6.1.3 Australia: Algae Products Market, by Form
11.4.6.1.4 Australia: Algae Products Market, by Application
11.4.6.2 China: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.4.6.2.1 China: Algae Products Market, by Source
11.4.6.2.2 China: Algae Products Market, by Type
11.4.6.2.3 China: Algae Products Market, by Form
11.4.6.2.4 China: Algae Products Market, by Application
11.4.6.3 India: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.4.6.3.1 India: Algae Products Market, by Source
11.4.6.3.2 India: Algae Products Market, by Type
11.4.6.3.3 India: Algae Products Market, by Form
11.4.6.3.4 India: Algae Products Market, by Application
11.4.6.4 Japan: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.4.6.4.1 Japan: Algae Products Market, by Source
11.4.6.4.2 Japan: Algae Products Market, by Type
11.4.6.4.3 Japan: Algae Products Market, by Form
11.4.6.4.4 Japan: Algae Products Market, by Application
11.4.6.5 Rest of APAC: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.4.6.5.1 Rest of APAC: Algae Products Market, by Source
11.4.6.5.2 Rest of APAC: Algae Products Market, by Type
11.4.6.5.3 Rest of APAC: Algae Products Market, by Form
11.4.6.5.4 Rest of APAC: Algae Products Market, by Application
11.5 MEA: Algae Products Market
11.5.1 MEA: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.5.2 MEA: Algae Products Market, by Source
11.5.3 MEA: Algae Products Market, by Type
11.5.4 MEA: Algae Products Market, by Form
11.5.5 MEA: Algae Products Market, by Application
11.5.6 MEA: Algae Products Market, by Key Country
11.5.6.1 South Africa: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.5.6.1.1 South Africa: Algae Products Market, by Source
11.5.6.1.2 South Africa: Algae Products Market, by Type
11.5.6.1.3 South Africa: Algae Products Market, by Form
11.5.6.1.4 South Africa: Algae Products Market, by Application
11.5.6.2 Saudi Arabia: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.5.6.2.1 Saudi Arabia: Algae Products Market, by Source
11.5.6.2.2 Saudi Arabia: Algae Products Market, by Type
11.5.6.2.3 Saudi Arabia: Algae Products Market, by Form
11.5.6.2.4 Saudi Arabia: Algae Products Market, by Application
11.5.6.3 UAE: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.5.6.3.1 UAE: Algae Products Market, by Source
11.5.6.3.2 UAE: Algae Products Market, by Type
11.5.6.3.3 UAE: Algae Products Market, by Form
11.5.6.3.4 UAE: Algae Products Market, by Application
11.5.6.4 Iran: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.5.6.4.1 Iran: Algae Products Market, by Source
11.5.6.4.2 Iran: Algae Products Market, by Type
11.5.6.4.3 Iran: Algae Products Market, by Form
11.5.6.4.4 Iran: Algae Products Market, by Application
11.5.6.5 Rest of MEA: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.5.6.5.1 Rest of MEA: Algae Products Market, by Source
11.5.6.5.2 Rest of MEA: Algae Products Market, by Type
11.5.6.5.3 Rest of MEA: Algae Products Market, by Form
11.5.6.5.4 Rest of MEA: Algae Products Market, by Application
11.6 SAM: Algae Products Market
11.6.1 SAM: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.6.2 SAM: Algae Products Market, by Source
11.6.3 SAM: Algae Products Market, by Type
11.6.4 SAM: Algae Products Market, by Form
11.6.5 SAM: Algae Products Market, by Application
11.6.6 SAM: Algae Products Market, by Key Country
11.6.6.1 Brazil: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.6.6.1.1 Brazil: Algae Products Market, by Source
11.6.6.1.2 Brazil: Algae Products Market, by Type
11.6.6.1.3 Brazil: Algae Products Market, by Form
11.6.6.1.4 Brazil: Algae Products Market, by Application
11.6.6.2 Argentina: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.6.6.2.1 Argentina: Algae Products Market, by Source
11.6.6.2.2 Argentina: Algae Products Market, by Type
11.6.6.2.3 Argentina: Algae Products Market, by Form
11.6.6.2.4 Argentina: Algae Products Market, by Application
11.6.6.3 Rest of SAM: Algae Products Market - Revenue and Forecast to 2027 (US$ Million)
11.6.6.3.1 Rest of SAM: Algae Products Market, by Source
11.6.6.3.2 Rest of SAM: Algae Products Market, by Type
11.6.6.3.3 Rest of SAM: Algae Products Market, by Form
11.6.6.3.4 Rest of SAM: Algae Products Market, by Application

12. Impact of COVID-19 Pandemic on Global Algae Products Market
12.1 North America: Impact Assessment of COVID-19 Pandemic
12.2 Europe: Impact Assessment of COVID-19 Pandemic
12.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
12.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
12.5 South America: Impact Assessment of COVID-19 Pandemic

13. Industry Landscape
13.1 Market Initiatives
13.2 Mergers and Acquisitions
13.3 New Product Development

14. Company Profiles
14.1 Algatech LTD
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Algenol
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 BASF SE
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Cargill, Incorporated.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Cellana Inc.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Corbion
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 CP Kelco
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Cyanotech Corporation
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 DSM
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 E.I.D. - Parry (India) Limited
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments

15. Appendix
15.1 About the Publisher
15.2 Glossary of Terms
Note: Product cover images may vary from those shown
3 of 3
  • Algatech LTD
  • Algenol
  • BASF SE
  • Cargill, Incorporated
  • Cellana Inc.
  • Corbion
  • CP Kelco
  • Cyanotech Corporation
  • DSM
  • E.I.D. - Parry (India) Limited
Note: Product cover images may vary from those shown
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