Market Overview:
The global red algae market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for red algae in food and beverages, medical and pharmaceutical, industrial applications, cosmetics and personal care industry, and other applications. North America is expected to dominate the global red algae market during the forecast period owing to the presence of key players in this region. Asia Pacific is projected to be the fastest-growing region during the forecast period owing to rising demand for natural ingredients in food and beverage products.
Product Definition:
Red algae are a type of algae that have red pigment in their cells. They are often used in food products, such as sushi, and they are also used to make seaweed extract, which is a popular ingredient in many beauty products.
Freshwater Red Algae:
Freshwater red algae is a form of unicellular eukaryotic microalgae, which lives in freshwater and brackish water. It has two types: Chara and Hizikia. Freshwater red algae are used for producing various bio-based products such as carotenoids, vitamins (A & B), polysaccharides, proteins, fatty acids (PUFAs), astaxanthin etc.
Marine Red Algae:
Marine red algae is a type of marine algae that has been used traditionally for its rich source of iron, vitamins, proteins and other nutrients. However, in the last few decades it has gained popularity as a food supplement due to its nutritional benefits. It is also being studied for its potential use in treating cancer and heart diseases owing to high levels of antioxidants present in it.
Application Insights:
Food and beverages was the dominant application segment in 2017, accounting for over 50% of the overall revenue share. The product is used as a food additive, dietary supplements and functional foods owing to its high nutritional content. Increasing consumer awareness regarding health benefits associated with algae is expected to drive demand over the forecast period.
Marine red algae has been gaining popularity as a source of nutrition and animal feed due to its rich protein content. Rising importance of marine-based sources of omega 3 fatty acids for maintaining cardiovascular health coupled with rising awareness about healthy eating habits among consumers are anticipated to propel market growth during the forecast period.
Regional Analysis:
North America dominated the global market in terms of revenue with a share of over 35.0% in 2017. The region is expected to witness significant growth over the forecast period owing to rising consumer awareness regarding health benefits associated with algae-derived products and increasing demand for cosmetic products from countries such as China, Japan, South Korea, and India.
The Asia Pacific regional market is anticipated to grow at a lucrative rate over the forecast period due to growing product demand from various end-use industries such as cosmetics and personal care industry, pharmaceuticals sector coupled with government initiatives promoting foreign direct investments in this region. In addition, rapid industrialization along with increasing population has led to an increase in food requirements which will further boost product consumption across this region during the forecast period.
Europe accounted for more than 20% share of global revenue owing its high acceptance levels coupled marine application segment dominating red algae consumption trends across Europe countries including U K.
Growth Factors:
- Increasing demand for algae-based products as a source of dietary supplements and functional foods
- Rising awareness about the health benefits of red algae among consumers
- Growing popularity of seaweed-based food products among health-conscious people
- Proliferation of new applications for red algae in various industries
- Expansion of the global market for red algae due to rising demand from emerging economies
Scope Of The Report
Report Attributes
Report Details
Report Title
Red Algae Market Research Report
By Type
Freshwater Red Algae, Marine Red Algae, Calcified Red Algae
By Application
Food and Beverages, Medical and Pharmaceutical, Industrial Applications, Cosmetics and Personal Care Industry
By Companies
SIMRIS ALG, Alga Technologies, AlgaeCan Biotech, Algix, SIMRIS ALG
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
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Red Algae Market Report Segments:
The global Red Algae market is segmented on the basis of:
Types
Freshwater Red Algae, Marine Red Algae, Calcified Red Algae
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 and Beverages, Medical and Pharmaceutical, Industrial Applications, Cosmetics and Personal Care Industry
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:
- SIMRIS ALG
- Alga Technologies
- AlgaeCan Biotech
- Algix
- SIMRIS ALG
Highlights of The Red Algae 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:
- Freshwater Red Algae
- Marine Red Algae
- Calcified Red Algae
- By Application:
- Food and Beverages
- Medical and Pharmaceutical
- Industrial Applications
- Cosmetics and Personal Care Industry
- 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 Red Algae 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
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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?
Red algae is a type of seaweed that can be found in both salt and fresh water. It has a red, brown, or green color and grows in clusters. Red algae is used as an ingredient in some foods, such as sushi rolls and tempura.
Some of the key players operating in the red algae market are SIMRIS ALG, Alga Technologies, AlgaeCan Biotech, Algix, SIMRIS ALG.
The red algae market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Red Algae 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 Red Algae Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Red Algae 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 Red Algae 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 Red Algae Market Size & Forecast, 2020-2028
4.5.1 Red Algae Market Size and Y-o-Y Growth
4.5.2 Red Algae 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 Freshwater Red Algae
5.2.2 Marine Red Algae
5.2.3 Calcified Red Algae
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 and Beverages
6.2.2 Medical and Pharmaceutical
6.2.3 Industrial Applications
6.2.4 Cosmetics and Personal Care Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Red Algae 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 Red Algae 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 Freshwater Red Algae
9.6.2 Marine Red Algae
9.6.3 Calcified Red Algae
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 and Beverages
9.10.2 Medical and Pharmaceutical
9.10.3 Industrial Applications
9.10.4 Cosmetics and Personal Care Industry
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 Freshwater Red Algae
10.6.2 Marine Red Algae
10.6.3 Calcified Red Algae
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 and Beverages
10.10.2 Medical and Pharmaceutical
10.10.3 Industrial Applications
10.10.4 Cosmetics and Personal Care Industry
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 Freshwater Red Algae
11.6.2 Marine Red Algae
11.6.3 Calcified Red Algae
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 and Beverages
11.10.2 Medical and Pharmaceutical
11.10.3 Industrial Applications
11.10.4 Cosmetics and Personal Care Industry
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 Freshwater Red Algae
12.6.2 Marine Red Algae
12.6.3 Calcified Red Algae
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 and Beverages
12.10.2 Medical and Pharmaceutical
12.10.3 Industrial Applications
12.10.4 Cosmetics and Personal Care Industry
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 Freshwater Red Algae
13.6.2 Marine Red Algae
13.6.3 Calcified Red Algae
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 and Beverages
13.10.2 Medical and Pharmaceutical
13.10.3 Industrial Applications
13.10.4 Cosmetics and Personal Care Industry
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 Red Algae Market: Competitive Dashboard
14.2 Global Red Algae Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SIMRIS ALG
14.3.2 Alga Technologies
14.3.3 AlgaeCan Biotech
14.3.4 Algix
14.3.5 SIMRIS ALG
