Algae Products Market Is Predicted To Reach US$ 9.1 Billion By...

Algae Products Market Is Predicted To Reach US$ 9.1 Billion By 2032: Fact.MR Report

Posted 2024-05-29 10:04:41

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The Algae Products Industry sales study offers a comprehensive analysis on diverse features including production capacities, Algae Products demand, product developments, sales revenue generation and Algae Products market outlook across the globe.

market research report by Fact.MR, (Leading business and competitive intelligence provider) on global Algae Products market (藻類製品市場) sales initiates with an outlook of the market, followed by the scrutiny of the demand and consumption volumes and share and size of various end-use segments

The global algae products market is currently valued at US$ 4.96 billion and is anticipated to expand at a CAGR of 4.8% to reach US$ 9.1 billion by 2032-end.

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The readability score of the Algae Products market demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.

The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers.

This Algae Products market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Algae Products along with key stakeholders as well as emerging players associated with the manufacturing of product.

The Key trends Analysis of Extended Algae Products market also provides dynamics that are responsible for influencing the future sales and demand of over the forecast period.

Key Companies Profiled

· Cargill Inc.

· The Dow Chemical Company

· BASF SE

· Cyanotech Corporation

· Kerry Group

· Ingredion Incorporated

· Corbion N.V.

· Roquette Frères

· CP Kelco

· Fenchem Biotek

· Algatechnologies

· Koninklijke DSM N.V.

Competitive Analysis :

With a significant number of large-scale suppliers commanding a majority of the market share, the global algae products market is fragmented. A majority of businesses are investing heavily in intensive R&D, especially to create environment-friendly products. Key market players are resorting to acquisitions and product portfolio expansion as primary growth tactics.

· Yemoja introduced EPS-Revive, an external polysaccharide sulphate (EPS) topical beauty ingredient produced from a red algae species, as part of a new line of algae-based skincare products, in April 2021. Protein-rich, vitamin-rich, and antioxidant-rich red algae help the skin retain moisture and restore its natural hydration.

· In March 2022- Ingredient company CP Kelco is partnering with food tech startup Shiru to develop and scale up next-generation plant proteins as more sustainable solutions for several common ingredients.

· In July 2021-Solabia-Algatech Nutrition is launching BioGlena for immune support – a 100 percent natural beta-glucan ingredient from whole Euglena gracilis algae. The ingredient boasts a high beta-glucan content of over 55 percent, in addition to complete proteins, essential vitamins, minerals and fatty acids.

Key Segments Covered in Algae Products Industry Research

· Algae Products Market by Product :

o Hydrocolloids

o Carotenoids & Pigments

§ Lutein

§ Beta Carotene

§ Lycopene

§ Astaxanthin

§ Fucoxanthin

§ Others

o Antioxidants

o Lipids