Global Algae Products Market Size, Forecasts, And Opportunities – Includes Algae Products Market Trends
Learn about the global algae products market through The Business Research Company, which provides information on algae products market size, algae products market drivers and restraints, algae products market players, the COVID-19 impact on the algae products market, and more.
The global algae products market size is expected to grow from $10.96 billion in 2021 to $12.02 billion in 2022 at a compound annual growth rate (CAGR) of 9.6%. The global algae product market size is expected to grow to $15.73 billion in 2026 at a CAGR of 7%.
The growing demand for healthy food products is expected to propel the growth of the algae products market going forward.
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The algae products market consists of sales of algae products by entities (organizations, sole traders, and partnerships) that refer to a class of photosynthetic organisms found in both marine and freshwater habitats and are used in various industries for different purposes. As these organisms have a short doubling time, they are considered among the fastest-growing creatures. Algae are oxygen-exhaling, unicellular, or multicellular microorganisms that consume carbon dioxide and store essential nutrients, minerals, and vitamins.
Global Algae Products Market Segments Include:
By Type: Lipids, Carrageenan, Carotenoids, Alginate, Algal Protein
By Form: Liquid, Solid
By Source: Blue-Green Algae, Brown Algae, Green Algae, Red Algae
By Distribution Channel: Online, Offline
By Application: Food and Beverage, Nutraceutical and Diet Supplement, Animal Feed, Personal Care, Pharmaceutical, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the algae products market in 2021.
The development of alternative protein sources such as microalgae is a key trend gaining popularity in the algae products market. Developing alternative protein sources such as microalgae is a crucial step toward achieving the necessary transformation to a more equitable and resilient food system.
Major Market Players: BASF SE, Cargill Incorporated, DuPont de Nemours Inc., DSM Nutritional Products AG, EID Parry, Cellana Inc., BlueBioTech Int. GmbH, Corbion NV, Earthrise Nutritionals LLC, Cyanotech Corporation, AlgaeCan Biotech Ltd., Bioprocess Algae LLC, Algenol Biofuels Incorporated, Euglena Co. Ltd, Kerry Group PLC, DIC Corporation, CP Kelco, and Algae Systems LLC.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Algae Products Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides algae products market overviews, analyzes and forecasts market size, share, algae products market players, algae products market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s algae products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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