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The global algae products market is expected to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Algae products are essential sources of vitamins, minerals, and fatty acids. They have antihypertensive, anticoagulant, antioxidant, antiproliferative, and immunostimulatory properties. Their consumption assists in increasing dopamine, preventing diseases, promoting healthy skin, and healing wounds. As a result, they are widely utilized in the preparation of dietary supplements. Besides this, they are also used as stabilizers, thickeners, emulsifiers, main ingredients, and flavoring agents in the production of various food products and beverages across the globe.
Due to the growing prevalence of chronic diseases, rising global population and changing lifestyles of individuals, there is a significant rise in the consumption of healthy food products and dietary supplements around the world. This represents one of the key factors strengthening the growth of the market. Apart from this, algae products are extensively utilized in sequestering and removing or transforming pollutants, including nutrients, heavy metals, and xenobiotics from wastewater. Moreover, these products aid in increasing the elasticity and suppleness of the skin and stimulating the renewal of damaged skin cells. Apart from this, as they also aid in detoxifying, cleansing, and toning the skin, they are widely employed in the beauty and personal care sector across the globe. Furthermore, as green algae products are abundant, resilient, and cost-effective, they find extensive application in biologic drugs around the world. They are used in the manufacturing of medicines, vitamins, vaccines, nutraceuticals, and other nutrients for the treatment of diabetes, multiple sclerosis, and cancer. This, along with the rising adoption of algae products to produce livestock for aquaculture varieties, such as fish for cultivation, is acting as another factor impelling the growth of the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global algae products market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, source, form, distribution channel and application.
Breakup by Type:
Breakup by Source:
Breakup by Form:
Breakup by Distribution Channel:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ACCEL Carrageenan Corporation, Algatechnologies Ltd, Algenol, Archer-Daniels-Midland Company, BASF SE, Caldic B.V., Cargill Incorporated, Cellana Inc, Corbion N.V., Cyanotech Corporation, DuPont de Nemours Inc, Koninklijke DSM N.V. and TBK Manufacturing Corporation.
|Base Year of the Analysis||2020|
|Segment Coverage||Type, Source, Form, Distribution Channel, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||ACCEL Carrageenan Corporation, Algatechnologies Ltd, Algenol, Archer-Daniels-Midland Company, BASF SE, Caldic B.V., Cargill Incorporated, Cellana Inc, Corbion N.V., Cyanotech Corporation, DuPont de Nemours Inc, Koninklijke DSM N.V. and TBK Manufacturing Corporation.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
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Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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