Market Overview:
The global algae ingredient market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for algae ingredients from the food, pharmaceuticals, animal nutrition and cosmetics industries. Algae are rich in nutrients such as proteins, vitamins, minerals and omega-3 fatty acids that make them an excellent source of ingredients for various applications. The dried algae segment is expected to account for the largest share of the global algae ingredient market in 2018. This segment is projected to grow at a CAGR of XX% during the forecast period. The high demand for dried algae from food and pharmaceuticals industries is driving its growth. Omega 3 fatty acids and PUFA are another major type of algae ingredients that are used in various applications such as food, animal nutrition and cosmetics products. These ingredients offer numerous health benefits such as reducing inflammation, improving heart health and preventing chronic diseases.
Product Definition:
Algae is an ingredient in some skin care products. It is said to have detoxifying and cleansing properties.
Dried Algae:
Dried algae is a product derived from micro-organisms and is used as an ingredient in the production of biofuels. The product contains high levels of fatty acids which are used to produce biodiesel, renewable diesel, biobutanol and other products. The global dried algae market size was valued at USD 1.10 billion in 2015 and is expected to witness significant growth over the forecast period owing to growing demand for alternative fuel globally.
Omega 3 Fatty Acids and PUFA:
Omega 3 fatty acids and PUFA are the two types of essential fatty acids that help in maintaining heart health, brain health, and body immune system. Omega 3 fatty acids also helps in reducing inflammation which is very much necessary for human body. On the other hand, Polyunsaturated Fatty Acids (PUFAs) helps to reduce bad cholesterol level and increase good cholesterol level in human body.
Application Insights:
The food application segment led the global algae ingredient market in 2017, accounting for more than 45.0% share of the overall revenue. The growing demand for plant-based sources of proteins and fats is expected to boost product consumption in this application over the forecast period. Furthermore, increasing awareness regarding a healthy diet among consumers across the globe has resulted in increased demand for algae-based food products, which is further anticipated to propel growth during the forecast period.
The pharmaceuticals segment accounted for a significant share of revenue on account of rising health concerns among consumers around the globe coupled with advancements made in medical research pertaining to algal medicines is anticipated to drive industry growth over next seven years particularly in Europe.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of over 7% during the forecast period, owing to rising consumer awareness regarding health benefits associated with algae-derived ingredients and their increasing use in food and pharmaceutical sectors.
The U.S., being one of the most lucrative markets for dietary supplements, has witnessed an increase in demand for astaxanthin since 2009; however, due to lack of proper regulations pertaining to its usage, production quantity or quality standards have suffered majorly affecting product demand negatively. Europe also accounted for a significant share followed by Asia Pacific on account of high product demand from countries such as China and India coupled with growing R&D activities related to algal biomass utilization across these regions are some factors anticipated drive regional market growth over the next few years.
Growth Factors:
- Increasing demand for algae ingredients in the food and beverage industry as a source of protein, vitamins, minerals, and antioxidants.
- Rising awareness about the health benefits of algae ingredients among consumers.
- Growing demand for natural and organic products that contain algae ingredients.
- Proliferation of new product launches containing algae ingredients in different categories such as dietary supplements, functional foods & beverages, personal care products etc
Scope Of The Report
Report Attributes
Report Details
Report Title
Algae Ingredient Market Research Report
By Type
Dried Algae, Omega 3 Fatty Acids and PUFA, Carageenan, Alginate, Agar, β-Carotene, Astaxanthin, Chlorophyll, Others
By Application
Food, Pharmaceuticals, Animal Nutrition, Cosmetics, Others
By Companies
ADM, DSM, BASF, Cargill, DuPont, Cyanotech, Roquette, Fuji Chemicals, FMC Corporation, Algae Life Sciences, ADM, Algavia, Nikken Sohonsha Corporation, Algae Tech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Algae Ingredient Market Report Segments:
The global Algae Ingredient market is segmented on the basis of:
Types
Dried Algae, Omega 3 Fatty Acids and PUFA, Carageenan, Alginate, Agar, β-Carotene, Astaxanthin, Chlorophyll, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food, Pharmaceuticals, Animal Nutrition, Cosmetics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ADM
- DSM
- BASF
- Cargill
- DuPont
- Cyanotech
- Roquette
- Fuji Chemicals
- FMC Corporation
- Algae Life Sciences
- ADM
- Algavia
- Nikken Sohonsha Corporation
- Algae Tech
Highlights of The Algae Ingredient Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Dried Algae
- Omega 3 Fatty Acids and PUFA
- Carageenan
- Alginate
- Agar
- β-Carotene
- Astaxanthin
- Chlorophyll
- Others
- By Application:
- Food
- Pharmaceuticals
- Animal Nutrition
- Cosmetics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Algae Ingredient Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Algae is an ingredient that can be found in many skin care products. Algae helps to improve the appearance of skin by providing moisture and nutrients.
Some of the major players in the algae ingredient market are ADM, DSM, BASF, Cargill, DuPont, Cyanotech, Roquette, Fuji Chemicals, FMC Corporation, Algae Life Sciences, ADM, Algavia, Nikken Sohonsha Corporation, Algae Tech.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Algae Ingredient Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Algae Ingredient Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Algae Ingredient Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Algae Ingredient Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Algae Ingredient Market Size & Forecast, 2020-2028 4.5.1 Algae Ingredient Market Size and Y-o-Y Growth 4.5.2 Algae Ingredient Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Dried Algae
5.2.2 Omega 3 Fatty Acids and PUFA
5.2.3 Carageenan
5.2.4 Alginate
5.2.5 Agar
5.2.6 β-Carotene
5.2.7 Astaxanthin
5.2.8 Chlorophyll
5.2.9 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food
6.2.2 Pharmaceuticals
6.2.3 Animal Nutrition
6.2.4 Cosmetics
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Algae Ingredient Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Algae Ingredient Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Dried Algae
9.6.2 Omega 3 Fatty Acids and PUFA
9.6.3 Carageenan
9.6.4 Alginate
9.6.5 Agar
9.6.6 β-Carotene
9.6.7 Astaxanthin
9.6.8 Chlorophyll
9.6.9 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food
9.10.2 Pharmaceuticals
9.10.3 Animal Nutrition
9.10.4 Cosmetics
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Dried Algae
10.6.2 Omega 3 Fatty Acids and PUFA
10.6.3 Carageenan
10.6.4 Alginate
10.6.5 Agar
10.6.6 β-Carotene
10.6.7 Astaxanthin
10.6.8 Chlorophyll
10.6.9 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food
10.10.2 Pharmaceuticals
10.10.3 Animal Nutrition
10.10.4 Cosmetics
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Dried Algae
11.6.2 Omega 3 Fatty Acids and PUFA
11.6.3 Carageenan
11.6.4 Alginate
11.6.5 Agar
11.6.6 β-Carotene
11.6.7 Astaxanthin
11.6.8 Chlorophyll
11.6.9 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food
11.10.2 Pharmaceuticals
11.10.3 Animal Nutrition
11.10.4 Cosmetics
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Dried Algae
12.6.2 Omega 3 Fatty Acids and PUFA
12.6.3 Carageenan
12.6.4 Alginate
12.6.5 Agar
12.6.6 β-Carotene
12.6.7 Astaxanthin
12.6.8 Chlorophyll
12.6.9 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food
12.10.2 Pharmaceuticals
12.10.3 Animal Nutrition
12.10.4 Cosmetics
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Dried Algae
13.6.2 Omega 3 Fatty Acids and PUFA
13.6.3 Carageenan
13.6.4 Alginate
13.6.5 Agar
13.6.6 β-Carotene
13.6.7 Astaxanthin
13.6.8 Chlorophyll
13.6.9 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food
13.10.2 Pharmaceuticals
13.10.3 Animal Nutrition
13.10.4 Cosmetics
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Algae Ingredient Market: Competitive Dashboard
14.2 Global Algae Ingredient Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ADM
14.3.2 DSM
14.3.3 BASF
14.3.4 Cargill
14.3.5 DuPont
14.3.6 Cyanotech
14.3.7 Roquette
14.3.8 Fuji Chemicals
14.3.9 FMC Corporation
14.3.10 Algae Life Sciences
14.3.11 ADM
14.3.12 Algavia
14.3.13 Nikken Sohonsha Corporation
14.3.14 Algae Tech