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Algae Products Market by Type (Lipids, Carotenoids, Carrageenan, Alginate, Algal Protein), Form (Liquid, Solid), Source (Brown Algae, Green Algae, Red Algae, Blue-green Algae), End Application and Region - Global Forecast to 2028

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    Report

  • 252 Pages
  • June 2023
  • Region: Global
  • Markets and Markets
  • ID: 5448171

The algae products market is projected to grow from USD 5.3 Billion in 2023 to USD 7.3 Billion by 2028, at a CAGR of 6.4% during the forecast period.  Innovations in algae cultivation techniques, such as photobioreactors, closed-loop systems, and genetic engineering, have significantly improved the scalability, productivity, and efficiency of algae production. These advancements have made it easier to cultivate and harvest algae on a commercial scale, reducing production costs and making algae products more economically viable.

The Lipids segment is projected to account for the highest CAGR during the forecast period.

Based on type, the algal protein segment is projected to lead the algae products market during the forecast period.  Lipids derived from algae have gained attention as a potential feedstock for biofuel production. Algae can produce high amounts of lipids, particularly triglycerides, which can be converted into biofuels like biodiesel. The renewable and sustainable nature of algae-based lipids makes them an attractive option for the production of alternative and environmentally friendly fuels.

The Nutraceutical and dietary supplements Segment is expected to account for the Second largest market share in 2023

Based on the End application segment, the Nutraceutical and dietary supplements segment is expected to account for the Second largest market share in 2023. Consumers are becoming more conscious of their health and are actively seeking natural and sustainable solutions to enhance their well-being. Algae-based supplements align with these health and wellness trends due to their nutrient-rich composition and potential health benefits. They are perceived as natural and plant-based alternatives to synthetic supplements, attracting health-conscious consumers.

Asia Pacific is projected to account for the highest CAGR during the forecast period.

The Algae products market industry has been studied in North America, Europe, Asia Pacific, South America and Rest of the World. Asia Pacific is projected to account for the highest CAGR during the forecast period. The Asia Pacific region is home to diverse marine and freshwater ecosystems, which provide favorable conditions for the growth and cultivation of various types of algae. The region has abundant coastal areas, rivers, lakes, and ponds that support the natural growth of algae. This biodiversity serves as a valuable resource for the production of algae-based products.

The break-up of the profile of primary participants in the algae products market:

  • By Company Type: Tier 1 - 60%, Tier 2 - 25%, and Tier 3 - 15% 
  • By Designation: C Level Executives - 35%, Directors- 45%, Others-20%
  • By Region: Asia Pacific - 45%, Europe - 25%, North America - 10%, South America - 5% & RoW- 15%

Prominent companies include DSM (Netherlands), BASF SE (Germany), Corbion (Netherlands), E.I.D Parry (India), International Flavors & Fragrances Inc (US), Cynotech Corporation (US), Earthrise Nutritionals LLC (US),  CP Kelco U.S., Inc (US), Cargill, Incorporated (US), and Algea (Norway) among others.

Research Coverage:

This research report categorizes the Algae Products Market by Type (Lipids, Carotenoids, Carrageenan, Alginate, Algal Protein), Form (Liquid, Solid), Source (Brown Algae, Green Algae, Red Algae, Blue-green Algae), and Region (North America, Europe, Asia Pacific, South America and Rest of the World). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the algae productsmarket. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product & service launches, mergers and acquisitions, and recent developments associated with the algae products market. Competitive analysis of upcoming startups in the algae products market ecosystem is covered in this report.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall algae productsmarket and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Consumer awareness regarding the health benefits of Omega-3, Growth in consumer awareness regarding the health benefits of algae-based products), restraints (Lack of R&D activities in under-developed countries, Impact of climatic conditions on algae production), opportunities (Growing demand in the pharmaceutical industry,  Government and private initiatives supporting research & development in algaculture, Growth in demand for natural ingredients by consumers), challenges (High production costs restricting the entry of smaller players, Difficulty in meeting the requisite quality standards) influencing the growth of the algae products market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the algae products market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the algae products market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the algae products market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like DSM (Netherlands), BASF SE (Germany), Corbion (Netherlands), E.I.D Parry (India), International Flavors & Fragrances Inc (US), Cynotech Corporation (US), Earthrise Nutritionals LLC (US),  CP Kelco U.S., Inc (US), Cargill, Incorporated (US), and Algea (Norway). among others in the algae productsmarket strategies. The report also helps stakeholders understand the algae products market and provides them information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
Figure 1 Market Segmentation
1.3.2 Regions Covered
Figure 2 Algae Products Market, by Region
1.4 Inclusions & Exclusions
1.5 Years Considered
1.6 Currency Considered
Table 1 USD Exchange Rates Considered, 2019-2022
1.7 Stakeholders
1.8 Summary of Changes
1.8.1 Recession Impact Analysis

2 Research Methodology
2.1 Research Data
Figure 3 Algae Products Market: Research Design
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 Insights from Industry Experts
2.1.2.3 Breakdown of Primary Interviews
Figure 4 Breakdown of Primary Interviews: by Company Type, Designation, and Region
2.2 Market Size Estimation
2.2.1 Market Size Estimation: Bottom-Up Approach
Figure 5 Algae Products Market Size Estimation: Bottom-Up Approach
2.2.2 Market Size Estimation: Top-Down Approach
Figure 6 Algae Products Market Size Estimation: Top-Down Approach
Figure 7 Algae Products Market Size Estimation (Demand Side)
Figure 8 Algae Products Market Size Estimation, by Type (Supply Side)
2.3 Data Triangulation
Figure 9 Data Triangulation Methodology
2.4 Growth Rate Forecast
2.5 Research Assumptions
Figure 10 Research Assumptions
2.6 Limitations and Associated Risks
Table 2 Limitations and Associated Risks
2.7 Recession Impact Analysis
2.7.1 Recession Impact on Algae Products Market
2.7.1.1 Macroindicators of Recession
Figure 11 Recession Indicators and Their Impact on Algae Products Market
Figure 12 Global Algae Products Market: Earlier Forecast Vs. Recession Forecast

3 Executive Summary
Table 3 Algae Products Market Snapshot, 2023 Vs. 2028
Figure 13 Algae Products Market, by Type, 2023 Vs. 2028 (USD Million)
Figure 14 Algae Products Market, by Form, 2023 Vs. 2028 (USD Million)
Figure 15 Algae Products Market, by Source, 2023 Vs. 2028 (USD Million)
Figure 16 Algae Products Market, by Application, 2023 Vs. 2028 (USD Million)
Figure 17 Algae Products Market Share, by Region, 2022

4 Premium Insights
4.1 Attractive Opportunities for Companies in Algae Products Market
Figure 18 Increasing Awareness of Health and Wellness to Drive Market Growth
4.2 North America: Algae Products Market, by Type and Country
Figure 19 Us Accounted for Largest Share, by Country; Lipids Dominated, by Type, in 2022
4.3 Algae Products Market: Regional Submarkets
Figure 20 Us Accounted for Largest Market Share, by Country
4.4 Algae Products Market, by Source and Region
Figure 21 North America to Dominate Algae Products Market, by Source, 2023 Vs. 2028
4.5 Algae Products Market, by Form, 2023 Vs. 2028
Figure 22 Solid Segment to Account for Larger Share by 2028

5 Market Overview
5.1 Introduction
5.2 Macroeconomic Indicators
5.2.1 Increasing Global Population
Figure 23 World Population, by Economy
Figure 24 World Population, 1950-2021
Figure 25 Population Growth Trend, 1950-2050
5.2.2 Innovative Technologies for Extraction of Algae
5.3 Market Dynamics
Figure 26 Market Dynamics: Algae Products Market
5.3.1 Drivers
5.3.1.1 Growing Consumer Awareness Regarding Health Benefits of Omega-3
Table 4 Health Benefits Associated with Omega-3 Consumption
5.3.1.2 Growing Applications of Algae Products
5.3.1.3 Growing Consumer Awareness Regarding Health Benefits of Algae-Based Products
5.3.2 Restraints
5.3.2.1 Lack of R&D Activities in Developing Economies
5.3.2.2 Impact of Climatic Conditions on Algae Production
5.3.3 Opportunities
5.3.3.1 Growing Demand in Pharmaceutical Industry
5.3.3.2 Government and Private Initiatives Supporting Research & Development in Algaculture
5.3.3.3 Growth in Demand for Natural Ingredients by Consumers
5.3.4 Challenges
5.3.4.1 High Production Costs Restricting Entry of Smaller Players
Figure 27 Operating Cost Allocation for Photobioreactors (Pbr)
5.3.4.2 Difficulties in Meeting Requisite Quality Standards

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Research & Product Development and Registration
6.2.2 Processing
6.2.3 Packaging
6.2.4 Distribution and Marketing & Sales
Figure 28 Algae Products Market: Value Chain
6.3 Technology Analysis
6.3.1 Seaweed Cavitation
6.3.2 Advanced Centrifuge Technology
6.3.3 Boom Algae for Brewing
6.4 Trends/Disruptions Impacting Customers’ Businesses
Figure 29 Algae Products Market: Trends Impacting Buyers
6.5 Patent Analysis
Figure 30 Patents Granted for Algae Products, 2012-2022
Figure 31 Regional Analysis of Patents Granted for Algae Products, 2012-2022
Table 5 Key Patents Pertaining to Algae Products, 2023
6.6 Market Map
6.6.1 Raw Material Suppliers
6.6.2 Manufacturers
6.6.3 Regulatory Bodies
6.6.4 End-User Companies
6.6.5 Startups/Emerging Companies
Figure 32 Algae Products Market Map
Table 6 Algae Products Market: Ecosystem
6.7 Trade Scenario
Figure 33 Seaweed and Other Algae Products Fit for Human Consumption: Import Value, by Key Country, 2018-2022 (USD Thousand)
Table 7 Import Data of Seaweed and Other Algae Products Fit for Human Consumption, by Key Country, 2022 (Value)
Figure 34 Seaweed and Other Algae Products Fit for Human Consumption: Export Value, by Key Country, 2018-2022 (USD Thousand)
Table 8 Export Data of Seaweed and Other Algae Products Fit for Human Consumption, by Key Country, 2022 (Value)
6.8 Tariff and Regulatory Landscape
6.8.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 9 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 10 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 11 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 Rest of the World: Regulatory Bodies, Government Agencies, and Other Organizations
6.8.2 Regulatory Framework
6.8.2.1 North America
6.8.2.1.1 US
6.8.2.2 Europe
6.8.2.2.1 France
6.8.2.3 Asia-Pacific
6.8.2.3.1 China
6.8.2.3.2 India
6.8.2.4 South America
6.8.2.4.1 Brazil
6.9 Porter's Five Forces Analysis
Table 13 Algae Products Market: Porter's Five Forces Analysis
6.9.1 Degree of Competition
6.9.2 Bargaining Power of Suppliers
6.9.3 Bargaining Power of Buyers
6.9.4 Threat of Substitutes
6.9.5 Threat of New Entrants
6.10 Key Stakeholders & Buying Criteria
6.10.1 Key Stakeholders in Buying Process
Figure 35 Influence of Stakeholders on Buying Process
Table 14 Influence of Stakeholders on Buying Process
6.10.2 Buying Criteria
Table 15 Key Criteria for Selecting Suppliers/Vendors
Figure 36 Key Criteria for Selecting Suppliers/Vendors
6.11 Case Study Analysis
6.11.1 Mialgae: Development of Novel Algae Production System
6.11.2 Algaecytes: Adoption of Proprietary Algae Strains for Omega-3 Extraction
6.12 Key Conferences & Events in 2023
Table 16 Algae Products Market: Detailed List of Conferences & Events, 2023

7 Algae Products Market, by Source
7.1 Introduction
Table 17 Characteristics of Different Algae, by Phylum/Class
Figure 37 Algae Products Market, by Source, 2023 Vs. 2028 (USD Million)
Table 18 Algae Products Market, by Source, 2018-2022 (USD Million)
Table 19 Algae Products Market, by Source, 2023-2028 (USD Million)
7.2 Brown Algae
7.2.1 Growing Use of Brown Algae in Manufacturing Bioplastics to Drive Market
7.2.2 Carotenoids: Fucoxanthin
7.2.3 Phlorotannins
Table 20 Brown Algae: Algae Products Market, by Region, 2018-2022 (USD Million)
Table 21 Brown Algae: Algae Products Market, by Region, 2023-2028 (USD Million)
7.3 Blue-Green Algae
7.3.1 Functional Properties of Blue-Green Algae to Support Growth
Table 22 Blue-Green Algae: Algae Products Market, by Region, 2018-2022 (USD Million)
Table 23 Blue-Green Algae: Algae Products Market, by Region, 2023-2028 (USD Million)
7.4 Red Algae
7.4.1 Growing Industrial Applications of Carrageenan to Boost Adoption
7.4.2 Porphyra Spp.
7.4.3 Palmaria Palmata
Table 24 Red Algae: Algae Products Market, by Region, 2018-2022 (USD Million)
Table 25 Red Algae: Algae Products Market, by Region, 2023-2028 (USD Million)
7.5 Green Algae
7.5.1 Growing Consumption of Omega-3 to Boost Market for Green Algae
Table 26 Green Algae: Algae Products Market, by Region, 2018-2022 (USD Million)
Table 27 Green Algae: Algae Products Market, by Region, 2023-2028 (USD Million)
7.6 Other Sources
Table 28 Other Sources: Algae Products Market, by Region, 2018-2022 (USD Million)
Table 29 Other Sources: Algae Products Market, by Region, 2023-2028 (USD Million)

8 Algae Products Market, by Form
8.1 Introduction
Table 30 Algae Products Market, by Form, 2018-2022 (USD Million)
Table 31 Algae Products Market, by Form, 2023-2028 (USD Million)
Figure 38 Algae Products Market, by Form, 2023 Vs. 2028 (USD Million)
8.2 Solid
8.2.1 Versatility of Solid Algae Products to Drive Market Growth
Table 32 Solid: Algae Products Market, by Region, 2018-2022 (USD Million)
Table 33 Solid: Algae Products Market, by Region, 2023-2028 (USD Million)
8.3 Liquid
8.3.1 Growing Applications in Pharmaceuticals to Boost Demand for Liquid Algae Products
Table 34 Liquid: Algae Products Market, by Region, 2018-2022 (USD Million)
Table 35 Liquid: Algae Products Market, by Region, 2023-2028 (USD Million)

9 Algae Products Market, by Type
9.1 Introduction
Figure 39 Algae Products Market, by Type, 2023 Vs. 2028 (USD Million)
Table 36 Algae Products Market, by Type, 2018-2022 (USD Million)
Table 37 Algae Products Market, by Type, 2023-2028 (USD Million)
9.2 Lipids
9.2.1 Growing Use of Lipids Sourced from Algae as Alternatives to Fish Oil to Boost Market
Table 38 Lipids: Algae Products Market, by Region, 2018-2022 (USD Million)
Table 39 Lipids: Algae Products Market, by Region, 2023-2028 (USD Million)
9.3 Carrageenans
9.3.1 Extensive Applications of Carrageenans in Pharmaceutical and Food & Beverage Sectors to Fuel Adoption
Table 40 Carrageenans: Algae Products Market, by Region, 2018-2022 (USD Million)
Table 41 Carrageenans: Algae Products Market, by Region, 2023-2028 (USD Million)
9.4 Carotenoids
9.4.1 Growing Demand for Natural Carotenoids to Support Growth
Table 42 Carotenoids: Algae Products Market, by Region, 2018-2022 (USD Million)
Table 43 Carotenoids: Algae Products Market, by Region, 2023-2028 (USD Million)
9.5 Algal Proteins
9.5.1 Growing Demand for Algal Proteins in Nutraceutical Industry to Favor Market Growth
Table 44 Algal Proteins: Algae Products Market, by Region, 2018-2022 (USD Million)
Table 45 Algal Proteins: Algae Products Market, by Region, 2023-2028 (USD Million)
9.6 Alginates
9.6.1 Growing Use of Alginates as Blending Agents in Food & Beverage Products to Boost Market
Table 46 Alginates: Algae Products Market, by Region, 2018-2022 (USD Million)
Table 47 Alginates: Algae Products Market, by Region, 2023-2028 (USD Million)
9.7 Other Algae Products
Table 48 Other Algae Products: Algae Products Market, by Region, 2018-2022 (USD Million)
Table 49 Other Algae Products: Algae Products Market, by Region, 2023-2028 (USD Million)

10 Algae Products Market, by Application
10.1 Introduction
Figure 40 Algae Products Market, by Application, 2023 Vs. 2028 (USD Million)
Table 50 Algae Products Market, by Application, 2018-2022 (USD Million)
Table 51 Algae Products Market, by Application, 2023-2028 (USD Million)
10.2 Food & Beverages
10.2.1 Growing Demand for Alternate Plant Protein Sources to Boost Demand for Algae Products
Table 52 Food & Beverages: Algae Products Market, by Region, 2018-2022 (USD Million)
Table 53 Food & Beverages: Algae Products Market, by Region, 2023-2028 (USD Million)
10.3 Nutraceuticals & Dietary Supplements
10.3.1 Growing Popularity of Algae-Based Omega-3 Supplements to Contribute to Growth
Table 54 Nutraceuticals & Dietary Supplements: Algae Products Market, by Region, 2018-2022 (USD Million)
Table 55 Nutraceuticals & Dietary Supplements: Algae Products Market, by Region, 2023-2028 (USD Million)
10.4 Animal Feed
10.4.1 Ability of Algae-Based Animal Feed to Deliver Essential Minerals and Boost Immunity to Support Growth
Table 56 Animal Feed: Algae Products Market, by Region, 2018-2022 (USD Million)
Table 57 Animal Feed: Algae Products Market, by Region, 2023-2028 (USD Million)
10.5 Personal Care Products
10.5.1 Anti-Inflammatory Properties of Algae to Drive Growth in Market Segment
Table 58 Personal Care Products: Algae Products Market, by Region, 2018-2022 (USD Million)
Table 59 Personal Care Products: Algae Products Market, by Region, 2023-2028 (USD Million)
10.6 Pharmaceuticals
10.6.1 Antibiotic Properties of Algae Products to Fuel Demand
Table 60 Pharmaceuticals: Algae Products Market, by Region, 2018-2022 (USD Million)
Table 61 Pharmaceuticals: Algae Products Market, by Region, 2023-2028 (USD Million)
10.7 Other Applications
Table 62 Other Applications: Algae Products Market, by Region, 2018-2022 (USD Million)
Table 63 Other Applications: Algae Products Market, by Region, 2023-2028 (USD Million)

11 Algae Products Market, by Region
11.1 Introduction
Figure 41 India to Record Significant Growth During Forecast Period
Table 64 Algae Products Market, by Region, 2018-2022 (USD Million)
Table 65 Algae Products Market, by Region, 2023-2028 (USD Million)
11.2 North America
11.2.1 North America: Recession Impact Analysis
Figure 42 North American Algae Products Market: Recession Impact Analysis
Figure 43 North America: Algae Products Market Snapshot
Table 66 North America: Algae Products Market, by Country, 2018-2022 (USD Million)
Table 67 North America: Algae Products Market, by Country, 2023-2028 (USD Million)
Table 68 North America: Algae Products Market, by Type, 2018-2022 (USD Million)
Table 69 North America: Algae Products Market, by Type, 2023-2028 (USD Million)
Table 70 North America: Algae Products Market, by Source, 2018-2022 (USD Million)
Table 71 North America: Algae Products Market, by Source, 2023-2028 (USD Million)
Table 72 North America: Algae Products Market, by Form, 2018-2022 (USD Million)
Table 73 North America: Algae Products Market, by Form, 2023-2028 (USD Million)
Table 74 North America: Algae Products Market, by Application, 2018-2022 (USD Million)
Table 75 North America: Algae Products Market, by Application, 2023-2028 (USD Million)
11.2.2 US
11.2.2.1 Rising Applications of Algae Products in Food & Beverages, Nutraceuticals, and Personal Care Products to Boost Market
Table 76 US: Algae Products Market, by Type, 2018-2022 (USD Million)
Table 77 US: Algae Products Market, by Type, 2023-2028 (USD Million)
11.2.3 Canada
11.2.3.1 Rising Preference for Plant-Based Alternatives to Favor Market Growth
Table 78 Canada: Algae Products Market, by Type, 2018-2022 (USD Million)
Table 79 Canada: Algae Products Market, by Type, 2023-2028 (USD Million)
11.2.4 Mexico
11.2.4.1 Dietary Concerns to Boost Demand for Algae Products
Table 80 Mexico: Algae Products Market, by Type, 2018-2022 (USD Million)
Table 81 Mexico: Algae Products Market, by Type, 2023-2028 (USD Million)
11.3 Europe
11.3.1 Europe: Recession Impact Analysis
Figure 44 European Algae Products Market: Recession Impact Analysis
Table 82 Europe: Algae Products Market, by Country, 2018-2022 (USD Million)
Table 83 Europe: Algae Products Market, by Country, 2023-2028 (USD Million)
Table 84 Europe: Algae Products Market, by Type, 2018-2022 (USD Million)
Table 85 Europe: Algae Products Market, by Type, 2023-2028 (USD Million)
Table 86 Europe: Algae Products Market, by Source, 2018-2022 (USD Million)
Table 87 Europe: Algae Products Market, by Source, 2023-2028 (USD Million)
Table 88 Europe: Algae Products Market, by Form, 2018-2022 (USD Million)
Table 89 Europe: Algae Products Market, by Form, 2023-2028 (USD Million)
Table 90 Europe: Algae Products Market, by Application, 2018-2022 (USD Million)
Table 91 Europe: Algae Products Market, by Application, 2023-2028 (USD Million)
11.3.2 Germany
11.3.2.1 Growing Demand for Algae Products for Sports Nutrition and Animal Feed to Fuel Growth
Table 92 Germany: Algae Products Market, by Type, 2018-2022 (USD Million)
Table 93 Germany: Algae Products Market, by Type, 2023-2028 (USD Million)
11.3.3 France
11.3.3.1 Reliance on Algae Imports to Drive Market for Local Algae Products
Table 94 France: Algae Products Market, by Type, 2018-2022 (USD Million)
Table 95 France: Algae Products Market, by Type, 2023-2028 (USD Million)
11.3.4 Spain
11.3.4.1 Food & Beverage Industry to Provide Growth Opportunities for Algae Products
Table 96 Spain: Algae Products Market, by Type, 2018-2022 (USD Million)
Table 97 Spain: Algae Products Market, by Type, 2023-2028 (USD Million)
11.3.5 UK
11.3.5.1 Growing Awareness About Algae Products to Drive Market Growth
Table 98 UK: Algae Products Market, by Type, 2018-2022 (USD Million)
Table 99 UK: Algae Products Market, by Type, 2023-2028 (USD Million)
11.3.6 Italy
11.3.6.1 Increasing Investments and Expansions by Market Players to Support Growth
Table 100 Italy: Algae Products Market, by Type, 2018-2022 (USD Million)
Table 101 Italy: Algae Products Market, by Type, 2023-2028 (USD Million)
11.3.7 Rest of Europe
Table 102 Rest of Europe: Algae Products Market, by Type, 2018-2022 (USD Million)
Table 103 Rest of Europe: Algae Products Market, by Type, 2023-2028 (USD Million)
11.4 Asia-Pacific
11.4.1 Asia-Pacific: Recession Impact Analysis
Figure 45 Asia-Pacific Algae Products Market: Recession Impact Analysis
Figure 46 Asia-Pacific: Algae Products Market Snapshot
Table 104 Asia-Pacific: Algae Products Market, by Country, 2018-2022 (USD Million)
Table 105 Asia-Pacific: Algae Products Market, by Country, 2023-2028 (USD Million)
Table 106 Asia-Pacific: Algae Products Market, by Type, 2018-2022 (USD Million)
Table 107 Asia-Pacific: Algae Products Market, by Type, 2023-2028 (USD Million)
Table 108 Asia-Pacific: Algae Products Market, by Source, 2018-2022 (USD Million)
Table 109 Asia-Pacific: Algae Products Market, by Source, 2023-2028 (USD Million)
Table 110 Asia-Pacific: Algae Products Market, by Form, 2018-2022 (USD Million)
Table 111 Asia-Pacific: Algae Products Market, by Form, 2023-2028 (USD Million)
Table 112 Asia-Pacific: Algae Products Market, by Application, 2018-2022 (USD Million)
Table 113 Asia-Pacific: Algae Products Market, by Application, 2023-2028 (USD Million)
11.4.2 China
11.4.2.1 Use of Algae in Personal Care to Drive Market in China
Table 114 China: Algae Products Market, by Type, 2018-2022 (USD Million)
Table 115 China: Algae Products Market, by Type, 2023-2028 (USD Million)
11.4.3 Japan
11.4.3.1 Growing Use of Organic Products to Propel Market Growth
Table 116 Japan: Algae Products Market, by Type, 2018-2022 (USD Million)
Table 117 Japan: Algae Products Market, by Type, 2023-2028 (USD Million)
11.4.4 India
11.4.4.1 Presence of Key Market Players to Strengthen Algae Products Market in Country
Table 118 India: Algae Products Market, by Type, 2018-2022 (USD Million)
Table 119 India: Algae Products Market, by Type, 2023-2028 (USD Million)
11.4.5 Australia & New Zealand
11.4.5.1 Rising Awareness and Growth of Aquaculture Industry to Drive Demand for Algae Products
Table 120 Australia & New Zealand: Algae Products Market, by Type, 2018-2022 (USD Million)
Table 121 Australia & New Zealand: Algae Products Market, by Type, 2023-2028 (USD Million)
11.4.6 Rest of Asia-Pacific
Table 122 Rest of Asia-Pacific: Algae Products Market, by Type, 2018-2022 (USD Million)
Table 123 Rest of Asia-Pacific: Algae Products Market, by Type, 2023-2028 (USD Million)
11.5 South America
11.5.1 South America: Recession Impact Analysis
Figure 47 South American Algae Products Market: Recession Impact Analysis
Table 124 South America: Algae Products Market, by Country, 2018-2022 (USD Million)
Table 125 South America: Algae Products Market, by Country, 2023-2028 (USD Million)
Table 126 South America: Algae Products Market, by Type, 2018-2022 (USD Million)
Table 127 South America: Algae Products Market, by Type, 2023-2028 (USD Million)
Table 128 South America: Algae Products Market, by Source, 2018-2022 (USD Million)
Table 129 South America: Algae Products Market, by Source, 2023-2028 (USD Million)
Table 130 South America: Algae Products Market, by Form, 2018-2022 (USD Million)
Table 131 South America: Algae Products Market, by Form, 2023-2028 (USD Million)
Table 132 South America: Algae Products Market, by Application, 2018-2022 (USD Million)
Table 133 South America: Algae Products Market, by Application, 2023-2028 (USD Million)
11.5.2 Brazil
11.5.2.1 Rising Per Capita Income to Fuel Demand for Quality Algae Products
Table 134 Brazil: Algae Products Market, by Type, 2018-2022 (USD Million)
Table 135 Brazil: Algae Products Market, by Type, 2023-2028 (USD Million)
11.5.3 Argentina
11.5.3.1 Increasing Preference for Vegan Diets to Provide Growth Avenues
Table 136 Argentina: Algae Products Market, by Type, 2018-2022 (USD Million)
Table 137 Argentina: Algae Products Market, by Type, 2023-2028 (USD Million)
11.5.4 Rest of South America
Table 138 Rest of South America: Algae Products Market, by Type, 2018-2022 (USD Million)
Table 139 Rest of South America: Algae Products Market, by Type, 2023-2028 (USD Million)
11.6 Rest of the World
11.6.1 Rest of the World: Recession Impact Analysis
Figure 48 Rest of the World Algae Products Market: Recession Impact Analysis
Table 140 Rest of the World: Algae Products Market, by Region, 2018-2022 (USD Million)
Table 141 Rest of the World: Algae Products Market, by Region, 2023-2028 (USD Million)
Table 142 Rest of the World: Algae Products Market, by Type, 2018-2022 (USD Million)
Table 143 Rest of the World: Algae Products Market, by Type, 2023-2028 (USD Million)
Table 144 Rest of the World: Algae Products Market, by Source, 2018-2022 (USD Million)
Table 145 Rest of the World: Algae Products Market, by Source, 2023-2028 (USD Million)
Table 146 Rest of the World: Algae Products Market, by Form, 2018-2022 (USD Million)
Table 147 Rest of the World: Algae Products Market, by Form, 2023-2028 (USD Million)
Table 148 Rest of the World: Algae Products Market, by Application, 2018-2022 (USD Million)
Table 149 Rest of the World: Algae Products Market, by Application, 2023-2028 (USD Million)
11.6.2 Africa
11.6.2.1 High Prevalence of Malnutrition to Boost Demand for Algae Products
Table 150 Africa: Algae Products Market, by Type, 2018-2022 (USD Million)
Table 151 Africa: Algae Products Market, by Type, 2023-2028 (USD Million)
11.6.3 Middle East
11.6.3.1 Growing Demand for Algae Products from Nutraceutical Sector to Boost Growth
Table 152 Middle East: Algae Products Market, by Type, 2018-2022 (USD Million)
Table 153 Middle East: Algae Products Market, by Type, 2023-2028 (USD Million)

12 Competitive Landscape
12.1 Overview
12.2 Market Share Analysis, 2022
Table 154 Algae Products Market: Degree of Competition
12.3 Segmental Revenue Analysis of Key Players
Figure 49 Segmental Revenue Analysis of Key Players, 2018-2022 (USD Billion)
12.4 Strategies Adopted by Key Players
Table 155 Strategies Adopted by Key Algae Products Manufacturers
12.5 Company Evaluation Quadrant for Key Players
12.5.1 Stars
12.5.2 Emerging Leaders
12.5.3 Pervasive Players
12.5.4 Participants
Figure 50 Algae Products Market: Company Evaluation Quadrant, 2022 (Key Players)
12.5.5 Company Footprint
Table 156 Company Footprint, by Type
Table 157 Company Footprint, by Application
Table 158 Company Footprint, by Region
Table 159 Overall Company Footprint
12.6 Company Evaluation Quadrant for Startups/Smes
12.6.1 Progressive Companies
12.6.2 Starting Blocks
12.6.3 Responsive Companies
12.6.4 Dynamic Companies
Figure 51 Algae Products Market: Company Evaluation Quadrant, 2022 (Startups/Smes)
12.6.5 Competitive Benchmarking of Key Startups/Smes
Table 160 Algae Products Market: Detailed List of Key Startups/Smes
Table 161 Algae Products Market: Competitive Benchmarking of Key Startups/Smes
12.7 Competitive Scenario
12.7.1 Product Launches
Table 162 Algae Products Market: New Product Launches, 2020-2022
12.7.2 Deals
Table 163 Algae Products Market: Deals, 2019-2021

13 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats)*
13.1 Key Players
13.1.1 Dsm
Table 164 Dsm: Business Overview
Figure 52 Dsm: Company Snapshot (2022)
Table 165 Dsm: Products Offered
13.1.2 Basf Se
Table 166 Basf Se: Business Overview
Figure 53 Basf Se: Company Snapshot (2022)
Table 167 Basf Se: Products Offered
13.1.3 Cyanotech Corporation
Table 168 Cyanotech Corporation: Business Overview
Figure 54 Cyanotech Corporation: Company Snapshot (2022)
Table 169 Cyanotech Corporation: Products Offered
Table 170 Cyanotech Corporation: Product Launches
13.1.4 Cargill, Incorporated
Table 171 Cargill, Incorporated: Business Overview
Figure 55 Cargill, Incorporated: Company Snapshot (2022)
Table 172 Cargill, Incorporated: Products Offered
Table 173 Cargill, Incorporated: Product Launches
13.1.5 Cp Kelco U.S., Inc.
Table 174 Cp Kelco U.S., Inc.: Business Overview
Table 175 Cp Kelco U.S., Inc.: Products Offered
Table 176 Cp Kelco U.S., Inc.: Product Launches
Table 177 Cp Kelco U.S., Inc.: Deals
13.1.6 International Flavors & Fragrances Inc.
Table 178 International Flavors & Fragrances Inc.: Business Overview
Figure 56 International Flavors & Fragrances Inc.: Company Snapshot (2022)
Table 179 International Flavors & Fragrances Inc.: Products Offered
13.1.7 Corbion
Table 180 Corbion: Business Overview
Figure 57 Corbion: Company Snapshot (2022)
Table 181 Corbion: Products Offered
Table 182 Corbion: Deals
13.1.8 Earthrise Nutritionals LLC
Table 183 Earthrise Nutritionals LLC: Business Overview
Table 184 Earthrise Nutritionals LLC: Products Offered
13.1.9 E.I.D. Parry
Table 185 E.I.D. Parry: Business Overview
Figure 58 E.I.D. Parry: Company Snapshot (2022)
Table 186 E.I.D. Parry: Products Offered
13.1.10 Algea
Table 187 Algea: Business Overview
Table 188 Algea: Products Offered
13.2 Other Players
13.2.1 Algatech Ltd.
Table 189 Algatech Ltd.: Business Overview
Table 190 Algatech Ltd.: Products Offered
Table 191 Algatech Ltd.: Deals
13.2.2 Spira Inc.
Table 192 Spira Inc.: Business Overview
Table 193 Spira Inc: Products Offered
13.2.3 Algenol
Table 194 Algenol: Business Overview
Table 195 Algenol: Products Offered
13.2.4 Cellana Inc.
Table 196 Cellana Inc.: Business Overview
Table 197 Cellana Inc.: Products Offered
13.2.5 Fenchem
Table 198 Fenchem: Business Overview
Table 199 Fenchem: Products Offered
13.2.6 Tbk Manufacturing Corporation
13.2.7 Karagen Indonesia, Cv
13.2.8 Astareal Ab
13.2.9 Amj Hydrocolloids
13.2.10 Triton Algae Innovations
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats)* Might Not be Captured in Case of Unlisted Companies.

14 Adjacent & Related Markets
14.1 Introduction
14.2 Limitations
14.3 Seaweed Proteins Market
14.3.1 Market Definition
14.3.2 Market Overview
14.3.3 Seaweed Proteins Market, by Application
14.3.3.1 Introduction
Table 200 Seaweed Proteins Market, by Application, 2018-2021 (USD Million)
Table 201 Seaweed Proteins Market, by Application, 2022-2027 (USD Million)
Table 202 Seaweed Proteins Market, by Application, 2018-2021 (Kt)
Table 203 Seaweed Proteins Market, by Application, 2022-2027 (Kt)
14.3.4 Seaweed Proteins Market, by Region
14.3.4.1 Introduction
Table 204 Seaweed Proteins Market, by Region, 2018-2021 (USD Million)
Table 205 Seaweed Proteins Market, by Region, 2022-2027 (USD Million)
Table 206 Seaweed Proteins Market, by Region, 2018-2021 (Kt)
Table 207 Seaweed Proteins Market, by Region, 2022-2027 (Kt)
14.4 Carotenoids Market
14.4.1 Market Definition
14.4.2 Market Overview
14.4.3 Carotenoids Market, by Type
14.4.3.1 Introduction
Table 208 Carotenoids Market, by Type, 2017-2026 (USD Million)
Table 209 Carotenoids Market, by Type, 2017-2026 (Ton)
14.4.4 Carotenoids Market, by Region
14.4.4.1 Introduction
Table 210 Carotenoids Market, by Region, 2017-2026 (USD Million)
Table 211 Carotenoids Market, by Region, 2017-2026 (Ton)

15 Appendix
15.1 Discussion Guide
15.2 Knowledgestore: The Subscription Portal
15.3 Customization Options

Executive Summary

Companies Mentioned

  • Algatech Ltd.
  • Algea
  • Algenol
  • Amj Hydrocolloids 
  • Astareal Ab
  • Basf Se
  • Cargill, Incorporated
  • Cellana Inc.
  • Corbion
  • Cp Kelco U.S., Inc.
  • Cyanotech Corporation
  • Dsm
  • E.I.D. Parry
  • Earthrise Nutritionals LLC
  • Fenchem
  • International Flavors & Fragrances Inc.
  • Karagen Indonesia, Cv
  • Spira Inc.
  • Tbk Manufacturing Corporation
  • Triton Algae Innovations

Methodology

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Table Information