The global algae products market is anticipated to grow at a significant CAGR of 5.8% during the forecast period. Microalgae is the production of bioactive compounds with potential benefits for human health. The major products derived from algae are Omega 3 polyunsaturated fatty acids (PUFA), ?-Carotene, Astaxanthin, Carotenoids, and others. PUFA is important for body metabolism in humans. Chlorophyte and Bryophyta algae are used for the extraction of these healthy and essential fatty acids.. The fatty acid content in algae makes it a well-known bioactive compound that is very useful in the pharmaceutical industry. For instance, Carrageen from red algae used against Influenza virus, DENV, HSV-1, HSV-2, HPV, HRV, HIV. Oral cancers can be treated by the use of algae which exhibits antioxidant properties such as ?- carotenes, floral compounds of algae are being used as therapeutics for cancer. The changing dietary preferences among consumers, growing geriatric population, coupled with the rising prevalence of chronic conditions are the major factors accelerating the demand for algae products and associated market growth.
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Significant acquisiitons by promiment players paving the way to the market growth. Such as, in February 2019, UK-based Advanced Medical Solutions (AMS) announced the acquisition of Israeli medical device company Sealantis for $25 million in cash, with royalties on future sales.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Algae Products Market by Form
- Powder
- Liquid
Global Algae Products Market by Source
- Brown Algae
- Red Algae
- Green Algae
- Blue-green Algae
Global Algae Products Market by Product Type
- Algal Protein
- Alginate
- Carrageenan
- Carotenoids
- Lipids
- Other
Global Algae Products Market by Application
- Personal Care
- Food and Beverage
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Other
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Avebe
- Euroduna Food Ingredients GmbH
- Hanseland Ltd.
- Ingredion, Incorp
- Lyckeby Starch AB
- Meelunie B.V.
- Novidon
- PPZ Trzemeszno Sp. z o.o.
- Roquette Frères S.A.
- Royal Ingredients Group
- Škrobárny Pelh?imov a.s.
- Südstärke GmbH
- Tate & Lyle PLC
- Tereos S.A.
- Vimal PPCE
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global algae products market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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