Market Overview:
The global marine algae products market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for functional foods and nutraceuticals, rising awareness about the health benefits of marine algae products, and growing applications in various end-use industries. Based on type, the global marine algae products market is segmented into lipids, carrageenan, carotenoids, algal protein, alginate and others. Lipids are projected to be the fastest-growing segment during the forecast period owing to their high nutritional value and multiple health benefits. Carrageenan is another key type of marine algae product that finds extensive application in food & beverages industry as a thickener and stabilizer. Carotenoids are also gaining popularity due to their antioxidant properties which help in reducing the risk of chronic diseases such as cancer and heart diseases. On basis of application, food & beverages accounted for majority share in 2017 owing to its widespread use as an ingredient in various processed foods items such as bakery goods & confectionery items; dairy products; sauces; dips; spreads etc., Nutraceuticals & dietary supplements was second largest application segment with significant growth prospects over next few years on account of increasing consumer inclination towards healthy lifestyle coupled with rising awareness about health benefits associated with consumption of these supplements.
Product Definition:
Marine algae are a type of algae that live in the ocean. They can be used to make products such as food, nutritional supplements, and biofuels. Marine algae are important because they can be used to produce sustainable products that do not harm the environment.
Lipids:
Lipids are the general name for fats, waxes and oils. They are naturally occurring substances that exist in every living organism including plants, animals and bacteria. Lipids perform many functions in the marine algae products market such as providing insulation to protect against heat loss or gain energy from the sun (for photosynthesis). Some of their other important functions include transporting hormones used for reproduction, storing food reserves during times of low light or nutrient levels and acting as a shield against harmful UV radiation.
Carrageenan:
Carrageenan is a hydrocolloid natural polymer extracted from red and green algae. It is widely used as a thickening agent, stabilizer, and gelling agent in the food industry.
Application Insights:
The food and beverage segment dominated the global marine algae products market in 2017, accounting for over 40% of the overall revenue share. The rising importance of marine based proteins as a source of animal protein is expected to drive product demand in this application. Furthermore, growing awareness regarding healthy lifestyle practices coupled with increasing consumer disposable income levels in countries such as China and India is anticipated to fuel industry expansion over the forecast period.
Nutraceuticals & dietary supplements are projected to witness significant growth on account of rising health consciousness among consumers globally. Increasing geriatric population base across various regions including North America and Europe is expected to increase demand for nutritional supplements containing algal products over the forecast period. In addition, stringent regulations relatedto usageof synthetic additives by regulatory authorities worldwide will further boost industry penetration during future years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, such as China, India, Indonesia and Thailand. These countries are among the largest producers of algae biomass on account of favorable climatic conditions for growth of aquatic plants. Moreover, increasing population coupled with rising disposable income levels has resulted in increased demand for personal care products from this region. Growing awareness regarding health benefits associated with marine algae-based products has further propelled industry growth over the past few years.
Europe accounted for a significant share owing to high production volume realized by European companies through their local manufacturing units or supply agreements with foreign counterparts operating within Asia Pacific or North America regions (UAE). In addition, growing R&D activities by key players toward development of novel algal strains focused toward enhanced product characteristics is anticipated to fuel regional industry expansion over the next eight years at a CAGR exceeding 7%.
Growth Factors:
- Increasing demand for algae-based products for human consumption
- Rising awareness about the health benefits of marine algae products
- Growing popularity of algae-based supplements and nutraceuticals
- Proliferation of research on the therapeutic potential of marine algae
- Technological advancements in the extraction and processing of marine algae
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Algae Products Market Research Report
By Type
Lipids, Carrageenan, Carotenoids, Algal protein, Alginate, Others
By Application
Food & Beverages, Nutraceuticals & Dietary Supplements, Feed, Personal Care Products, Pharmaceuticals, Others
By Companies
BASF, Cyanotech Corporation, Cargill, Dowdupont, Kerry, Ingredion, CP Kelco, Corbion, Roquette Freres, Fenchem Biotek, BASF, E.I.D. Parry
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Marine Algae Products Market Report Segments:
The global Marine Algae Products market is segmented on the basis of:
Types
Lipids, Carrageenan, Carotenoids, Algal protein, Alginate, 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 & Beverages, Nutraceuticals & Dietary Supplements, Feed, Personal Care Products, Pharmaceuticals, 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:
- BASF
- Cyanotech Corporation
- Cargill
- Dowdupont
- Kerry
- Ingredion
- CP Kelco
- Corbion
- Roquette Freres
- Fenchem Biotek
- BASF
- E.I.D. Parry
Highlights of The Marine Algae Products 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:
- Lipids
- Carrageenan
- Carotenoids
- Algal protein
- Alginate
- Others
- By Application:
- Food & Beverages
- Nutraceuticals & Dietary Supplements
- Feed
- Personal Care Products
- Pharmaceuticals
- 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 Marine Algae Products 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Marine algae products are a type of bioproducts that are derived from marine organisms. These products can be used for a variety of purposes, such as producing biofuels or chemicals.
Some of the major players in the marine algae products market are BASF, Cyanotech Corporation, Cargill, Dowdupont, Kerry, Ingredion, CP Kelco, Corbion, Roquette Freres, Fenchem Biotek, BASF, E.I.D. Parry.
The marine algae products market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Algae Products 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 Marine Algae Products Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Algae Products 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 Marine Algae Products 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 Marine Algae Products Market Size & Forecast, 2020-2028
4.5.1 Marine Algae Products Market Size and Y-o-Y Growth
4.5.2 Marine Algae Products 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 Lipids
5.2.2 Carrageenan
5.2.3 Carotenoids
5.2.4 Algal protein
5.2.5 Alginate
5.2.6 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 & Beverages
6.2.2 Nutraceuticals & Dietary Supplements
6.2.3 Feed
6.2.4 Personal Care Products
6.2.5 Pharmaceuticals
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Algae Products 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 Marine Algae Products 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 Lipids
9.6.2 Carrageenan
9.6.3 Carotenoids
9.6.4 Algal protein
9.6.5 Alginate
9.6.6 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 & Beverages
9.10.2 Nutraceuticals & Dietary Supplements
9.10.3 Feed
9.10.4 Personal Care Products
9.10.5 Pharmaceuticals
9.10.6 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 Lipids
10.6.2 Carrageenan
10.6.3 Carotenoids
10.6.4 Algal protein
10.6.5 Alginate
10.6.6 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 & Beverages
10.10.2 Nutraceuticals & Dietary Supplements
10.10.3 Feed
10.10.4 Personal Care Products
10.10.5 Pharmaceuticals
10.10.6 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 Lipids
11.6.2 Carrageenan
11.6.3 Carotenoids
11.6.4 Algal protein
11.6.5 Alginate
11.6.6 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 & Beverages
11.10.2 Nutraceuticals & Dietary Supplements
11.10.3 Feed
11.10.4 Personal Care Products
11.10.5 Pharmaceuticals
11.10.6 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 Lipids
12.6.2 Carrageenan
12.6.3 Carotenoids
12.6.4 Algal protein
12.6.5 Alginate
12.6.6 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 & Beverages
12.10.2 Nutraceuticals & Dietary Supplements
12.10.3 Feed
12.10.4 Personal Care Products
12.10.5 Pharmaceuticals
12.10.6 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 Lipids
13.6.2 Carrageenan
13.6.3 Carotenoids
13.6.4 Algal protein
13.6.5 Alginate
13.6.6 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 & Beverages
13.10.2 Nutraceuticals & Dietary Supplements
13.10.3 Feed
13.10.4 Personal Care Products
13.10.5 Pharmaceuticals
13.10.6 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 Marine Algae Products Market: Competitive Dashboard
14.2 Global Marine Algae Products Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Cyanotech Corporation
14.3.3 Cargill
14.3.4 Dowdupont
14.3.5 Kerry
14.3.6 Ingredion
14.3.7 CP Kelco
14.3.8 Corbion
14.3.9 Roquette Freres
14.3.10 Fenchem Biotek
14.3.11 BASF
14.3.12 E.I.D. Parry
