The Global Algae Products Market is forecasted to register a CAGR of 5% during the forecast period 2021-2027.
Algae are photosynthetic, oxygen-exhausting, unicellular, or multicellular microorganisms with various properties such as consumption of carbon dioxide, storage of essential nutrients, minerals, and vitamins in microorganisms. Algae are a diverse group of marine species capable of performing photosynthesis. Most people are familiar with algae such as seaweed, pond litter, or lake algae flowers. Algae-derived products have applications in many fields including food and beverage, feed, nutraceuticals, personal care, and pharmaceuticals. It is expected to be a major catalyst for the growth of the algae products business. In addition, direct ingestion of algae as a food commodity results in a nutritious and safe natural food, which is a requirement for population growth that can be considered a driver for the algae product industry.
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A full report of Global Algae Products Market is available at: https://www.orionmarketreports.com/algae-products-market/57364/
The following Segmentation are covered in this report:
By Type
- Spirulina
- Chlorella
- Astaxanthin
- Beta Carotene
- Hydrocolloids (Agar, Alginates, and Carrageenans)
By Source
- Brown Algae
- Blue-Green Algae
- Red Algae
- Green Algae
By Form
- Solid
- Liquid
Key Players
The key players that are profiled in the report include BASF (Germany), DowDuPont (US), DSM (Netherlands), Cyanotech Corporation (US), Cargill (US), Kerry (Ireland), Ingredion (US), Corbion (Netherlands), Fenchem Biotek (China), and E.I.D. Parry (India).
The report covers the following objectives:
- Proliferation and maturation of trade in the global Algae Products Market.
- The market share of the global Algae Products Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Algae Products Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Algae Products Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
