Algae Products Market

Algae Products Market by Type (Lipids, Carotenoids, Carrageenan, Alginate, Algal Protein), Facility Type, Form (Liquid, Solid), Source (Brown Algae, Green Algae, Red Algae, Blue-green Algae), and Region - Global Forecast to 2026

Report Code: FB 6208 Sep, 2021, by marketsandmarkets.com

[216 Pages Report] According to MarketsandMarkets, the global algae products market size is estimated to be valued at USD 4.7 billion in 2021 and projected to reach USD 6.4 billion by 2026, recording a CAGR of 6.3% during the forecast period. Various factors have played a major role in driving the algae products market growth across the globe. Algae possess properties that make them useful to be incorporated in diversified end products such as ice-creams, cakes, anti-obesity & anti-diabetic agents, aquatic feed ingredients, toothpaste, and moisturizers; their cultivation using both agriculture and aquaculture practices make algae unique among other agricultural products.

Primary and secondary metabolites, such as vitamins, proteins, carotenoids, and fatty acids, are extracted from algae as nutritional compounds, while other products such as agar, alginate, and hydrocolloids are used as gelling, thickening, suspending, and stabilizing agents.

Algae Products Market

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Impact of Covid-19 on Global Algae Proucts Market:

The outbreak of COVID-19 has brought serious medical, social, and economic challenges. It is seen that the majority of the companies operating in the manufacturing sector (53%) expect COVID-19 to impact their operations. The grim expectations have become a reality in the sector due to the rise in oil prices and increasing demand & supply bottlenecks which results in a slowdown of expenditures and rising uncertainty in credit markets. Players across the globe in the food & beverage industry have faced a drastic decrease in the consumption of their products. Due to lockdowns in several parts of the world and restrictions on transportation of commodities, companies are also facing disrupted supply chains. The reduced agricultural production interrupting the raw material supply, lack of workers in manufacturing plants, and disturbances in the distribution system have disrupted supply chains.

Market Dynamics

Drivers: Consumer awareness regarding the health benefits of Omega-3

According to the Global Organization for EPA and DHA (GOED), omega-3 is the most researched nutrients in the world, with over 8,000 clinical trials conducted over the last decade. Omega – 3 mainly known as algae-based product in the market. Rising healthcare costs around the world and increasing prevalence & consumer awareness about omega-3 for preventive healthcare have fueled growth in the algae products market.

Restraints: Lack of R&D activities in underdeveloped countries

The lack of research and development in African countries has led to a low adoption in these regions. North American countries witness the highest algae-based products consumption, due to which there is an increase in product innovation and exploration of new applications of algae in the region, while in underdeveloped countries in regions of Africa, the penetration is significantly low, and no R&D activities are carried out to improvise the techniques for extracting seaweeds. Hence, most of the key players do not have production facilities in the region.

Opportunities: Growing demand in the pharmaceutical industry

The potential application of algae includes antimicrobials, antivirals, therapeutic proteins, drugs, antifungals in pharmaceutical industry. For an instance, the powerful water-soluble antioxidants found in algae are polyphenols, phycobiliproteins and vitamins. Antioxidants help in the inhibition of cancer growth by causing regression of premalignant lesions.

Challenges: High production costs restrict the entry of smaller players

Though there is an increase in the adoption of newer technologies to produce low-cost algae. With the increase in focus on R&D activities and overall costs, leading players such as Koninklijke DSM N.V (Netherlands), BASF SE (Germany) and DowDupont (US) account for a high share in the market. The production is usually expensive and consists of extraction, concentration, and purification processes. Following extraction and purification, algae must be formulated for further application. This formulation will also depend on the intended use. The formulation involves complicated processes, due to complicated procedure and various formulation the production cost increases and restrict the local and regional players in the algae products market.

Algae Products Market by Region

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North America is projected to account for the largest market during the forecast period

The North American algae products market has been experiencing tremendous growth. The US acquired the largest share of the North American algae products market. Growing industries, such as food & beverage, nutraceutical, pharmaceutical, and dietary supplement, have significantly contributed to the growth of the algae products market in the US. The rising population in the country is another factor that is expected to boost the demand for algae products. An incrase in health-conscious consumers has led to the increased use of lipids, such as omega-3 in nutraceutical and dietary supplement products, which has offered a market opportunity for algae-based omega-3 products.

Key Market Players:

Key players in this market include DuPont (US), Cargill (US), DSM (Netherlands), BASF (Germany), Corbion (Netherlands), E.I.D Parry (India), CP Kelco (US), Fenchem Biotek (China), Algatech (Israel), Cyanotech Corporation (US).

Scope of the report

Report Metric

Details

Market size estimation

2017–2020

Base year considered

2020

Forecast period considered

2021–2026

Units considered

Value (USD)

Segments Covered

  • Type
  • Application
  • Source
  • Form

Regions covered

  • North America
  • Europe
  • Asia Pacific
  • South America
  • RoW

Companies studied

DuPont (US)
Cargill (US)
DSM (Netherlands)
BASF (Germany)
Corbion (Netherlands)
E.I.D Parry (India)
CP Kelco (US)
Fenchem Biotek (China)
Algatech (Israel)
Cyanotech Corporation (US)

This research report categorizes the algae products market based on type, application, form, source, and region.

Based on type, the algae products market has been segmented as follows:

  • Lipids
  • Carrageenan
  • Carotenoids
  • Algae protein
  • Alginates
  • Other types (agar, algal flour, and dried algae)

Based on application, the algae products market has been segmented as follows:

  • Food & beverage
  • Nutraceutical & diet supplement
  • Animal feed
  • Personal care
  • Pharmaceutical
  • Other applications (infant food, fortified food, and pet food)

Based on source, the algae products market has been segmented as follows:

  • Brown algae
  • Blue-green algae
  • Green algae
  • Red algae
  • Other sources (yellow-brown and golden algae)

Based on form, the algae products market has been segmented as follows:

  • Solid
  • Liquid

Based on the region, the algae products market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • RoW

Recent Developments

  • In October 2020, Cyanotech Corporation announced the launch of BioAstin Hawaiian Astaxanthin is a new delivery form, water-dispersible powder, available in both 1% and 2% concentrations. BioAstin Hawaiian Astaxanthin is a powerful antioxidant derived from natural Haematococcus pluvialis microalgae grown on the Kona Coast of the Big Island of Hawaii.
  • In February 2020, Cargill introduced the WavePure ADG series that is sourced from Gracilaria red seaweed, which is considered a traditional food ingredient in the European Union.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 22)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
           FIGURE 1 MARKET SEGMENTATION
           FIGURE 2 ALGAE PRODUCTS MARKET: REGIONS COVERED
    1.4 INCLUSIONS & EXCLUSIONS
    1.5 PERIODIZATION CONSIDERED
    1.6 CURRENCY CONSIDERED
           TABLE 1 USD EXCHANGE RATES CONSIDERED, 2017–2020
    1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 26)
    2.1 RESEARCH DATA
           FIGURE 3 ALGAE PRODUCTS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Algae products market: primary validations
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION
           FIGURE 4 ALGAE PRODUCTS MARKET SIZE ESTIMATION – SUPPLY SIDE (1/2)
           FIGURE 5 ALGAE PRODUCTS MARKET SIZE ESTIMATION – SUPPLY SIDE (2/2)
           FIGURE 6 ALGAE PRODUCTS MARKET SIZE ESTIMATION – DEMAND SIDE
           2.2.1 MARKET SIZE ESTIMATION NOTES
                    FIGURE 7 ALGAE PRODUCTS MARKET SIZE ESTIMATION – TOP-DOWN APPROACH
                    FIGURE 8 ALGAE PRODUCTS MARKET SIZE ESTIMATION – BOTTOM-UP APPROACH
    2.3 DATA TRIANGULATION
           FIGURE 9 DATA TRIANGULATION METHODOLOGY
    2.4 ASSUMPTIONS FOR THE STUDY
    2.5 RESEARCH LIMITATIONS & ASSOCIATED RISKS
    2.6 MARKET SCENARIOS CONSIDERED FOR THE IMPACT OF COVID-19
           FIGURE 10 SCENARIO-BASED MODELLING
    2.7 COVID-19 HEALTH ASSESSMENT
           FIGURE 11 COVID-19: GLOBAL PROPAGATION
           FIGURE 12 COVID-19 PROPAGATION: SELECT COUNTRIES
    2.8 COVID-19 ECONOMIC ASSESSMENT
           FIGURE 13 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020
           2.8.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT
                    FIGURE 14 CRITERIA IMPACTING GLOBAL ECONOMY
                    FIGURE 15 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY

3 EXECUTIVE SUMMARY (Page No. - 43)
    TABLE 2 ALGAE PRODUCTS MARKET SNAPSHOT, 2021 VS. 2026
    FIGURE 16 ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021 VS. 2026 (USD MILLION)
    FIGURE 17 ALGAE PRODUCTS MARKET SIZE, BY FORM, 2021 VS. 2026 (USD MILLION)
    FIGURE 18 ALGAE PRODUCTS MARKET SHARE (VALUE), BY REGION, 2021

4 PREMIUM INSIGHTS (Page No. - 47)
    4.1 BRIEF OVERVIEW OF THE ALGAE PRODUCTS MARKET
           FIGURE 19 INCREASING DEMAND FOR ALGAE-BASED NUTRACEUTICALS & DIET SUPPLEMENTS DRIVING THE MARKET
    4.2 ASIA PACIFIC ALGAE PRODUCTS MARKET, BY SOURCE AND COUNTRY
           FIGURE 20 BROWN ALGAE SEGMENT DOMINATED THE ASIA PACIFIC MARKET IN 2020
    4.3 ALGAE PRODUCTS MARKET, BY FORM AND REGION
           FIGURE 21 SOLID SEGMENT DOMINATED THE MARKET ACROSS ALL THE REGIONS IN 2020
    4.4 ALGAE PRODUCTS MARKET, BY REGION
           FIGURE 22 NORTH AMERICA PROJECTED TO DOMINATE THE ALGAE PRODUCTS MARKET ACROSS ALL THE REGIONS BY 2026
    4.5 ALGAE PRODUCTS MARKET, BY KEY COUNTRY
           FIGURE 23 CHINA EXPECTED TO BE THE MOST LUCRATIVE MARKET FOR ALGAE PRODUCTS DURING THE FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 50)
    5.1 INTRODUCTION
    5.2 MACROECONOMIC INDICATORS
           5.2.1 INCREASING GLOBAL POPULATION
                    TABLE 3 POPULATION COMPARISON, 2009 VS. 2019
                    FIGURE 24 POPULATION GROWTH TREND, 1950–2050
           5.2.2 INNOVATIVE TECHNOLOGIES FOR THE EXTRACTION OF ALGAE
    5.3 MARKET DYNAMICS
           FIGURE 25 MARKET DYNAMICS: ALGAE PRODUCTS MARKET
           5.3.1 DRIVERS
                    5.3.1.1 Consumer awareness regarding the health benefits of Omega-3
                               TABLE 4 HEALTH BENEFITS ASSOCIATED WITH OMEGA-3 CONSUMPTION
                    5.3.1.2 Multi-industry coverage
                    5.3.1.3 Growth in consumer awareness regarding the health benefits of algae-based products
           5.3.2 RESTRAINTS
                    5.3.2.1 Lack of R&D activities in under-developed countries
                    5.3.2.2 Impact of climatic conditions on algae production
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Growing demand in the pharmaceutical industry
                    5.3.3.2 Government and private initiatives supporting research & development in algaculture
                    5.3.3.3 Growth in demand for natural ingredients by consumers
           5.3.4 CHALLENGES
                    5.3.4.1 High production costs restricting the entry of smaller players
                    5.3.4.2 Difficulty in meeting the requisite quality standards
    5.4 IMPACT OF COVID-19 ON THE MARKET DYNAMICS

6 INDUSTRY TRENDS (Page No. - 59)
    6.1 INTRODUCTION
    6.2 TRENDS/DISRUPTIONS IMPACTING BUYERS
           FIGURE 26 TRENDS/DISRUPTIONS IMPACTING BUYERS
    6.3 VALUE CHAIN ANALYSIS
           FIGURE 27 ALGAE PRODUCTS MARKET: VALUE CHAIN ANALYSIS
    6.4 ECOSYSTEM MAP
           FIGURE 28 ALGAE PRODUCTS MARKET MAP
           6.4.1 RAW MATERIAL SUPPLIERS
           6.4.2 MANUFACTURERS
    6.5 SUPPLY CHAIN ANALYSIS
           FIGURE 29 ALGAE PRODUCT MANUFACTURERS (B2B PLAYERS): SUPPLY CHAIN
           6.5.1 RAW MATERIAL SOURCING
           6.5.2 MANUFACTURING
                    FIGURE 30 ALGAE PRODUCTS - OMEGA-3 MANUFACTURING PROCESS
           6.5.3 DISTRIBUTION, MARKETING, AND SALES
    6.6 TRADE ANALYSIS OF ALGAE PRODUCTS AS A COMMODITY ACROSS MAJOR COUNTRIES
           TABLE 5 TRADE DATA (IMPORT) FOR SEAWEEDS AND OTHER ALGAE FIT FOR HUMAN CONSUMPTION, FOR THE ALGAE PRODUCTS INDUSTRY (2020)
    6.7 TECHNOLOGY ANALYSIS
           6.7.1 DEVELOPMENT OF SEAWEED CULTIVATION:
           6.7.2 USE OF ADVANCED CENTRIFUGE TECHNOLOGY:
           6.7.3 APPLICATION OF BOOM ALGAE FOR BREWING:
    6.8 PATENT ANALYSIS
           FIGURE 31 LIST OF MAJOR PATENTS FOR ALGAE PRODUCTS
           TABLE 6 KEY PATENTS FILED IN THE ALGAE PRODUCTS MARKET, 2018–2021
    6.9 PORTER’S FIVE FORCES ANALYSIS
           TABLE 7 ALGAE PRODUCTS MARKET: PORTER’S FIVE FORCES ANALYSIS
           6.9.1 THREAT OF NEW ENTRANTS
           6.9.2 THREAT OF SUBSTITUTES
           6.9.3 BARGAINING POWER OF SUPPLIERS
           6.9.4 BARGAINING POWER OF BUYERS
           6.9.5 INTENSITY OF COMPETITIVE RIVALRY
    6.10 CASE STUDY ANALYSIS
           TABLE 8 MIALGAE: THE DEVELOPMENT OF A NOVEL ALGAE PRODUCTION SYSTEM
           TABLE 9 ALGAECYTES: ADOPTION OF PROPRIETARY ALGAE STRAINS FOR OMEGA-3 EXTRACTION

7 REGULATIONS (Page No. - 70)
    7.1 NORTH AMERICA
           7.1.1 US
    7.2 EUROPE
           7.2.1 FRANCE
    7.3 ASIA PACIFIC
           7.3.1 CHINA
           7.3.2 INDIA
    7.4 SOUTH AMERICA
           7.4.1 BRAZIL

8 ALGAE PRODUCTS MARKET, BY TYPE (Page No. - 72)
    8.1 INTRODUCTION
           FIGURE 32 ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021 VS. 2026 (USD MILLION)
           TABLE 10 ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
           TABLE 11 ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
           8.1.1 COVID-19 IMPACT ON ALGAE PRODUCTS MARKET, BY TYPE
                    8.1.1.1 Realistic Scenario
                               TABLE 12 REALISTIC SCENARIO: COVID-19 IMPACT ON THE ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2019–2022 (USD MILLION)
                    8.1.1.2 Pessimistic Scenario
                               TABLE 13 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2019–2022 (USD MILLION)
                    8.1.1.3 Optimistic Scenario
                               TABLE 14 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2019–2022 (USD MILLION)
    8.2 LIPIDS
           8.2.1 LIPIDS SOURCED FROM ALGAE POSE AS OPTIMUM ALTERNATIVES TO FISH OIL
                    TABLE 15 LIPIDS: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 16 LIPIDS: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.3 CARRAGEENAN
           8.3.1 CARRAGEENAN FINDS EXTENSIVE APPLICATION IN PHARMACEUTICALS AND FOOD & BEVERAGES
                    TABLE 17 CARRAGEENAN: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 18 CARRAGEENAN: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.4 CAROTENOIDS
           8.4.1 LUTEIN & ASTAXANTHIN ARE THE MOST IMPORTANT CAROTENOIDS SOURCED FROM ALGAE
                    TABLE 19 CAROTENOIDS: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 20 CAROTENOIDS: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.5 ALGAL PROTEIN
           8.5.1 THE NUTRACEUTICAL INDUSTRY OFFERS LUCRATIVE OPPORTUNITIES FOR THE GROWTH OF THE ALGAL PROTEIN MARKET
                    TABLE 21 ALGAL PROTEIN: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 22 ALGAL PROTEIN: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.6 ALGINATE
           8.6.1 ALGINATE IS WIDELY USED AS A BLENDING AGENT IN FOOD AND BEVERAGES
                    TABLE 23 ALGINATE: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 24 ALGINATE: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.7 OTHER TYPES
           8.7.1 AGAR FINDS APPLICATION AS A THICKENING AND STABILIZING AGENT
                    TABLE 25 OTHER TYPES: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 26 OTHER TYPES: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

9 ALGAE PRODUCTS MARKET, BY FORM (Page No. - 83)
    9.1 INTRODUCTION
           TABLE 27 ALGAE PRODUCTS MARKET SIZE, BY FORM, 2017–2020 (USD MILLION)
           TABLE 28 ALGAE PRODUCTS MARKET SIZE, BY FORM, 2021–2026 (USD MILLION)
           FIGURE 33 SOLID SEGMENT TO ACCOUNT FOR A LARGER SHARE IN THE ALGAE PRODUCTS MARKET
           9.1.1 COVID-19 IMPACT ON THE ALGAE PRODUCTS MARKET, BY FORM
                    9.1.1.1 Realistic Scenario
                               TABLE 29 REALISTIC SCENARIO: ALGAE PRODUCTS MARKET SIZE, BY FORM, 2019–2022 (USD MILLION)
                    9.1.1.2 Optimistic Scenario
                               TABLE 30 OPTIMISTIC SCENARIO: ALGAE PRODUCTS MARKET SIZE, BY FORM, 2019–2022 (USD MILLION)
                    9.1.1.3 Pessimistic scenario
                               TABLE 31 PESSIMISTIC SCENARIO: ALGAE PRODUCTS MARKET SIZE, BY FORM, 2019–2022 (USD MILLION)
    9.2 SOLID
           9.2.1 INCREASED SHELF LIFE OF ALGAE PRODUCTS IN THE SOLID FORM
                    TABLE 32 SOLID FORM: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 33 SOLID FORM: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    9.3 LIQUID
           9.3.1 GROWING APPLICATIONS IN PHARMACEUTICALS
                    TABLE 34 LIQUID FORM: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 35 LIQUID FORM: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

10 ALGAE PRODUCTS MARKET, BY SOURCE (Page No. - 89)
     10.1 INTRODUCTION
               TABLE 36 CHARACTERISTICS OF DIFFERENT ALGAE, BY PHYLUM/CLASS
               TABLE 37 ALGAE PRODUCTS MARKET SIZE, BY SOURCE, 2017–2020 (USD MILLION)
               TABLE 38 ALGAE PRODUCTS MARKET SIZE, BY SOURCE, 2021–2026 (USD MILLION)
               FIGURE 34 BROWN ALGAE SEGMENT ESTIMATED TO ACCOUNT FOR A LARGER SHARE IN 2021
             10.1.1 COVID-19 IMPACT ON THE ALGAE PRODUCTS MARKET, BY SOURCE
                       10.1.1.1 Realistic scenario
                                   TABLE 39 REALISTIC SCENARIO: ALGAE PRODUCTS MARKET SIZE, BY SOURCE, 2019–2022 (USD MILLION)
                       10.1.1.2 Optimistic scenario
                                   TABLE 40 OPTIMISTIC SCENARIO: ALGAE PRODUCTS MARKET SIZE, BY SOURCE, 2019–2022 (USD MILLION)
                       10.1.1.3 Pessimistic scenario
                                   TABLE 41 PESSIMISTIC SCENARIO: ALGAE PRODUCTS MARKET SIZE, BY SOURCE, 2019–2022 (USD MILLION)
     10.2 BROWN ALGAE
             10.2.1 FUCOXANTHIN DRIVING THE GROWTH OF BROWN ALGAE
             10.2.2 CAROTENOIDS: FUCOXANTHIN
             10.2.3 PHLOROTANNINS
                       TABLE 42 BROWN ALGAE PRODUCTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 43 BROWN ALGAE PRODUCTS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     10.3 BLUE-GREEN ALGAE
             10.3.1 FUNCTIONAL PROPERTIES OF BLUE-GREEN ALGAE DRIVING THE MARKET
                       TABLE 44 BLUE-GREEN ALGAE PRODUCTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 45 BLUE-GREEN ALGAE PRODUCTS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     10.4 RED ALGAE
             10.4.1 GROWING INDUSTRIAL APPLICATIONS OF CARRAGEENAN DRIVING THE GROWTH OF RED ALGAE
             10.4.2 PORPHYRA SPP.
             10.4.3 PALMARIA PALMATA
                       TABLE 46 RED ALGAE PRODUCTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 47 RED ALGAE PRODUCTS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     10.5 GREEN ALGAE
             10.5.1 GROWING CONSUMPTION OF OMEGA-3 DRIVING THE GREEN ALGAE MARKET
                       TABLE 48 GREEN ALGAE PRODUCTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 49 GREEN ALGAE PRODUCTS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     10.6 OTHER SOURCES
               TABLE 50 OTHER SOURCES MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
               TABLE 51 OTHER SOURCES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

11 ALGAE PRODUCTS MARKET, BY APPLICATION (Page No. - 100)
     11.1 INTRODUCTION
               FIGURE 35 ALGAE PRODUCTS MARKET SIZE, BY APPLICATION, 2021 VS. 2026 (USD MILLION)
               TABLE 52 ALGAE PRODUCTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
               TABLE 53 ALGAE PRODUCTS MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
             11.1.1 COVID-19 IMPACT ON ALGAE PRODUCTS MARKET, BY APPLICATION
                       11.1.1.1 Realistic Scenario
                                   TABLE 54 REALISTIC SCENARIO: COVID-19 IMPACT ON THE ALGAE PRODUCTS MARKET SIZE, BY APPLICATION, 2019–2022 (USD MILLION)
                       11.1.1.2 Pessimistic Scenario
                                   TABLE 55 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE ALGAE PRODUCTS MARKET SIZE, BY APPLICATION, 2019–2022 (USD MILLION)
                       11.1.1.3 Optimistic Scenario
                                   TABLE 56 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE ALGAE PRODUCTS MARKET SIZE, BY APPLICATION, 2019–2022 (USD MILLION)
     11.2 FOOD & BEVERAGES
             11.2.1 POPULARITY OF HEALTHY BEVERAGES AND PLANT-SOURCED FOOD PRODUCTS
                       TABLE 57 FOOD & BEVERAGES: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 58 FOOD & BEVERAGES: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     11.3 NUTRACEUTICALS & DIETARY SUPPLEMENTS
             11.3.1 ALGAE-BASED OMEGA-3 SUPPLEMENTS GAINING POPULARITY
                       TABLE 59 NUTRACEUTICALS & DIETARY SUPPLEMENTS: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 60 NUTRACEUTICALS & DIETARY SUPPLEMENTS: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     11.4 FEED
             11.4.1 ALGAE PRODUCTS ARE WIDELY USED IN AQUACULTURE
                       TABLE 61 FEED: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 62 FEED: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     11.5 PERSONAL CARE PRODUCTS
             11.5.1 ANTI-INFLAMMATORY PROPERTIES OF ALGAE DRIVING THE PERSONAL CARE SEGMENT
                       TABLE 63 PERSONAL CARE PRODUCTS: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 64 PERSONAL CARE PRODUCTS: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     11.6 PHARMACEUTICALS
             11.6.1 ANTIBIOTIC PROPERTIES OF ALGAE PRODUCTS FUELING THEIR DEMAND FOR USE IN PHARMACEUTICAL APPLICATIONS
                       TABLE 65 PHARMACEUTICALS: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 66 PHARMECEUTICALS: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     11.7 OTHER APPLICATIONS
             11.7.1 ALGAE PRODUCTS FIND INCREASING APPLICATION IN TEXTILES AND FERTILIZERS
                       TABLE 67 OTHER APPLICATIONS: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 68 OTHER APPLICATIONS: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

12 ALGAE PRODUCTS MARKET, BY REGION (Page No. - 112)
     12.1 INTRODUCTION
               FIGURE 36 INDIA AND CHINA TO RECORD SIGNIFICANT GROWTH DURING THE FORECAST PERIOD
               TABLE 69 ALGAE PRODUCTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
               TABLE 70 ALGAE PRODUCTS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
             12.1.1 COVID-19 IMPACT ON THE ALGAE PRODUCTS MARKET, BY REGION
                       12.1.1.1 Realistic Scenario
                                   TABLE 71 REALISTIC SCENARIO: COVID-19 IMPACT ON THE ALGAE PRODUCTS MARKET SIZE, BY REGION, 2019–2022 (USD MILLION)
                       12.1.1.2 Pessimistic Scenario
                                   TABLE 72 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE ALGAE PRODUCTS MARKET SIZE, BY REGION, 2019–2022 (USD MILLION)
                       12.1.1.3 Optimistic Scenario
                                   TABLE 73 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE ALGAE PRODUCTS MARKET SIZE, BY REGION, 2019–2022 (USD MILLION)
     12.2 NORTH AMERICA
               FIGURE 37 NORTH AMERICA: ALGAE PRODUCTS MARKET SNAPSHOT
               TABLE 74 NORTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 75 NORTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 76 NORTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
               TABLE 77 NORTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
               TABLE 78 NORTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY SOURCE, 2017–2020 (USD MILLION)
               TABLE 79 NORTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY SOURCE, 2021–2026 (USD MILLION)
               TABLE 80 NORTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY FORM, 2017–2020 (USD MILLION)
               TABLE 81 NORTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY FORM, 2021–2026 (USD MILLION)
               TABLE 82 NORTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
               TABLE 83 NORTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
             12.2.1 US
                       12.2.1.1 Rising applications of algae products in food & beverages, nutraceuticals, and personal care products
                                   TABLE 84 US: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 85 US: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
             12.2.2 CANADA
                       12.2.2.1 Rising preference for plant-based alternatives augmenting the algae products market
                                   TABLE 86 CANADA: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 87 CANADA: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
             12.2.3 MEXICO
                       12.2.3.1 Dietary concerns to trigger the demand for algae products
                                   TABLE 88 MEXICO: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 89 MEXICO: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
     12.3 EUROPE
               FIGURE 38 EUROPE: ALGAE PRODUCTS MARKET SNAPSHOT
               TABLE 90 EUROPE: ALGAE PRODUCTS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 91 EUROPE: ALGAE PRODUCTS MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 92 EUROPE: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
               TABLE 93 EUROPE: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
               TABLE 94 EUROPE: ALGAE PRODUCTS MARKET SIZE, BY SOURCE, 2017–2020 (USD MILLION)
               TABLE 95 EUROPE: ALGAE PRODUCTS MARKET SIZE, BY SOURCE, 2021–2026 (USD MILLION)
               TABLE 96 EUROPE: ALGAE PRODUCTS MARKET SIZE, BY FORM, 2017–2020 (USD MILLION)
               TABLE 97 EUROPE: ALGAE PRODUCTS MARKET SIZE, BY FORM, 2021–2026 (USD MILLION)
               TABLE 98 EUROPE: ALGAE PRODUCTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
               TABLE 99 EUROPE: ALGAE PRODUCTS MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
             12.3.1 GERMANY
                       12.3.1.1 Sports nutrition and animal feed are attractive industries for algae products
                                   TABLE 100 GERMANY: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 101 GERMANY: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
             12.3.2 FRANCE
                       12.3.2.1 Reliance on algae imports driving the market for local algae products
                                   TABLE 102 FRANCE: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 103 FRANCE: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
             12.3.3 SPAIN
                       12.3.3.1 Food & beverage industry posing immense scope for the growth of algae products
                                   TABLE 104 SPAIN: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 105 SPAIN: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
             12.3.4 UK
                       12.3.4.1 Rising awareness about algae products
                                   TABLE 106 UK: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 107 UK: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
             12.3.5 ITALY
                       12.3.5.1 Increasing investments and expansions by market players
                                   TABLE 108 ITALY: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 109 ITALY: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
             12.3.6 REST OF EUROPE
                       12.3.6.1 Significant R&D activities expected to propel the market
                                   TABLE 110 REST OF EUROPE: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 111 REST OF EUROPE: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
     12.4 ASIA PACIFIC
               FIGURE 39 ASIA PACIFIC: ALGAE PRODUCTS MARKET SNAPSHOT
               TABLE 112 ASIA PACIFIC: ALGAE PRODUCTS MARKET SIZE, BY COUNTRY/REGION, 2017–2020 (USD MILLION)
               TABLE 113 ASIA PACIFIC: ALGAE PRODUCTS MARKET SIZE, BY COUNTRY/REGION, 2021–2026 (USD MILLION)
               TABLE 114 ASIA PACIFIC: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
               TABLE 115 ASIA PACIFIC: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
               TABLE 116 ASIA PACIFIC: ALGAE PRODUCTS MARKET SIZE, BY SOURCE, 2017–2020 (USD MILLION)
               TABLE 117 ASIA PACIFIC: ALGAE PRODUCTS MARKET SIZE, BY SOURCE, 2021–2026 (USD MILLION)
               TABLE 118 ASIA PACIFIC: ALGAE PRODUCTS MARKET SIZE, BY FORM, 2017–2020 (USD MILLION)
               TABLE 119 ASIA PACIFIC: ALGAE PRODUCTS MARKET SIZE, BY FORM, 2021–2026 (USD MILLION)
               TABLE 120 ASIA PACIFIC: ALGAE PRODUCTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
               TABLE 121 ASIA PACIFIC: ALGAE PRODUCTS MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
             12.4.1 CHINA
                       12.4.1.1 Aquaculture industry fueling the demand for algae products
                                   TABLE 122 CHINA: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 123 CHINA: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
             12.4.2 JAPAN
                       12.4.2.1 Algae products gaining immense popularity as food and beverages
                                   TABLE 124 JAPAN: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 125 JAPAN: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
             12.4.3 INDIA
                       12.4.3.1 Presence of key market players strengthening the algae products market
                                   TABLE 126 INDIA: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 127 INDIA: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
             12.4.4 AUSTRALIA & NEW ZEALAND
                       12.4.4.1 Rising awareness about algae products
                                   TABLE 128 AUSTRALIA & NEW ZEALAND: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 129 AUSTRALIA & NEW ZEALAND: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
             12.4.5 REST OF ASIA PACIFIC
                       12.4.5.1 Growing aquaculture sector expected to augment the algae products market
                                   TABLE 130 REST OF ASIA PACIFIC: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 131 REST OF ASIA PACIFIC: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
     12.5 SOUTH AMERICA
               TABLE 132 SOUTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
               TABLE 133 SOUTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
               TABLE 134 SOUTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
               TABLE 135 SOUTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
               TABLE 136 SOUTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY SOURCE, 2017–2020 (USD MILLION)
               TABLE 137 SOUTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY SOURCE, 2021–2026 (USD MILLION)
               TABLE 138 SOUTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY FORM, 2017–2020 (USD MILLION)
               TABLE 139 SOUTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY FORM, 2021–2026 (USD MILLION)
               TABLE 140 SOUTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
               TABLE 141 SOUTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
             12.5.1 BRAZIL
                       12.5.1.1 Rising per capita income fueling the demand for quality algae products
                                   TABLE 142 BRAZIL: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 143 BRAZIL: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
             12.5.2 ARGENTINA
                       12.5.2.1 Increase in the adoption of vegan diets providing an avenue for algae products
                                   TABLE 144 ARGENTINA: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 145 ARGENTINA: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
             12.5.3 REST OF SOUTH AMERICA
                       12.5.3.1 Influence of health and wellness trends contributing to market growth
                                   TABLE 146 REST OF SOUTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 147 REST OF SOUTH AMERICA: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
     12.6 REST OF THE WORLD
               TABLE 148 ROW: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
               TABLE 149 ROW: ALGAE PRODUCTS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
               TABLE 150 ROW: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
               TABLE 151 ROW: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
               TABLE 152 ROW: ALGAE PRODUCTS MARKET SIZE, BY SOURCE, 2017–2020 (USD MILLION)
               TABLE 153 ROW: ALGAE PRODUCTS MARKET SIZE, BY SOURCE, 2021–2026 (USD MILLION)
               TABLE 154 ROW: ALGAE PRODUCTS MARKET SIZE, BY FORM, 2017–2020 (USD MILLION)
               TABLE 155 ROW: ALGAE PRODUCTS MARKET SIZE, BY FORM, 2021–2026 (USD MILLION)
               TABLE 156 ROW: ALGAE PRODUCTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
               TABLE 157 ROW: ALGAE PRODUCTS MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
             12.6.1 AFRICA
                       12.6.1.1 Prevalence of malnutrition resulting in concerned authorities providing food products, including dietary supplements infused with algae
                                   TABLE 158 AFRICA: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 159 AFRICA: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
             12.6.2 MIDDLE EAST
                       12.6.2.1 The Middle Eastern region shows immense scope for growth of algae products market in the nutraceutical sector
                                   TABLE 160 MIDDLE EAST: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 161 MIDDLE EAST: ALGAE PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)

13 COMPETITIVE LANDSCAPE (Page No. - 161)
     13.1 KEY PLAYER STRATEGIES/RIGHT TO WIN
               TABLE 162 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS OFFERING ALGAE PRODUCTS
     13.2 REVENUE ANALYSIS
               FIGURE 40 REVENUE ANALYSIS FOR KEY COMPANIES IN THE PAST THREE YEARS
     13.3 MARKET SHARE ANALYSIS, 2020
               FIGURE 41 ALGAE PRODUCTS MARKET: MARKET SHARE ANALYSIS
               TABLE 163 ALGAE PRODUCTS MARKET: DEGREE OF COMPETITION
     13.4 COMPANY EVALUATION QUADRANT
             13.4.1 STARS
             13.4.2 PERVASIVE PLAYERS
             13.4.3 EMERGING LEADERS
             13.4.4 PARTICIPANTS
                       FIGURE 42 ALGAE PRODUCTS MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2020
     13.5 COMPETITIVE BENCHMARKING
               TABLE 164 COMPANY FOOTPRINT (25 COMPANIES)
               TABLE 165 COMPANY APPLICATION FOOTPRINT (25 COMPANIES)
               TABLE 166 COMPANY REGION FOOTPRINT (25 COMPANIES)
               TABLE 167 COMPANY PRODUCT FOOTPRINT (25 COMPANIES)
     13.6 COMPANY EVALUATION QUADRANT (START-UPS/SMES)
             13.6.1 PROGRESSIVE COMPANIES
             13.6.2 STARTING BLOCKS
             13.6.3 RESPONSIVE COMPANIES
             13.6.4 DYNAMIC COMPANIES
                       FIGURE 43 ALGAE PRODUCTS MARKET: COMPANY EVALUATION QUADRANT FOR START-UPS/SMES, 2020
     13.7 COMPETITIVE SCENARIO AND TRENDS
             13.7.1 PRODUCT LAUNCHES
                       TABLE 168 ALGAE PRODUCTS MARKET: PRODUCT LAUNCHES, 2020
             13.7.2 DEALS
                       TABLE 169 ALGAE PRODUCTS MARKET: DEALS, 2019

14 COMPANY PROFILES (Page No. - 175)
(Business overview, Products offered, Recent developments, SWOT analysis & MnM View)*
     14.1 KEY PLAYERS
             14.1.1 DSM
                       TABLE 170 DSM: BUSINESS OVERVIEW
                       FIGURE 44 DSM: COMPANY SNAPSHOT
             14.1.2 BASF
                       TABLE 171 BASF: BUSINESS OVERVIEW
                       FIGURE 45 BASF: COMPANY SNAPSHOT
             14.1.3 CYANOTECH CORPORATION
                       TABLE 172 CYANOTECH CORPORATION: BUSINESS OVERVIEW
                       FIGURE 46 CYANOTECH CORPORATION: COMPANY SNAPSHOT
                       TABLE 173 CYANOTECH CORPORATION: PRODUCT LAUNCHES
             14.1.4 CARGILL
                       TABLE 174 CARGILL: BUSINESS OVERVIEW
                       TABLE 175 CARGILL: PRODUCT LAUNCHES
             14.1.5 DUPONT
                       TABLE 176 DUPONT: BUSINESS OVERVIEW
                       FIGURE 47 DUPONT: COMPANY SNAPSHOT
             14.1.6 CP KELCO
                       TABLE 177 CP KELCO: BUSINESS OVERVIEW
             14.1.7 CORBION
                       TABLE 178 CORBION: BUSINESS OVERVIEW
                       FIGURE 48 CORBION: COMPANY SNAPSHOT
                       TABLE 179 CORBION: DEALS
             14.1.8 FENCHEM BIOTECH
                       TABLE 180 FENCHEM BIOTEK: BUSINESS OVERVIEW
             14.1.9 ALGATECH
                       TABLE 181 ALGATECH: BUSINESS OVERVIEW
                       TABLE 182 ALGATECH: DEALS
             14.1.10 E.I.D PARRY
                       TABLE 183 E.I.D. PARRY: BUSINESS OVERVIEW
                       FIGURE 49 E.I.D PARRY: COMPANY SNAPSHOT
*Details on Business overview, Products offered, Recent developments, SWOT analysis & MnM View might not be captured in case of unlisted companies.
     14.2 OTHER PLAYERS
             14.2.1 ALGEA
                       TABLE 184 ALGEA: COMPANY OVERVIEW
             14.2.2 SPIRA
                       TABLE 185 SPIRA: COMPANY OVERVIEW
             14.2.3 ALGENOL
                       TABLE 186 ALGENOL: COMPANY OVERVIEW
             14.2.4 CELLANA
                       TABLE 187 CELLANA: COMPANY OVERVIEW
             14.2.5 ALGAECAN BIOTECH LTD.
                       TABLE 188 ALGAECAN BIOTECH LTD.: COMPANY OVERVIEW
             14.2.6 EARTHRISE NUTRIONALS LLC
                       TABLE 189 EARTHRISE NUTRITIONALS LLC: COMPANY OVERVIEW
             14.2.7 TBK MANUFACTURING CORPORATION
                       TABLE 190 TBK MANUFACTURING CORPORATION: COMPANY OVERVIEW
             14.2.8 ACCEL CARRAGEENAN CORPORATION
                       TABLE 191 ACCEL CARRAGEENAN CORPORATION: COMPANY OVERVIEW
             14.2.9 KARAINDO
                       TABLE 192 KARAINDO: COMPANY OVERVIEW
             14.2.10 ASTAREAL AB
                       TABLE 193 ASTAREAL AB: COMPANY OVERVIEW

15 ADJACENT & RELATED MARKETS (Page No. - 205)
     15.1 INTRODUCTION
               TABLE 194 ADJACENT MARKETS – ALGAE PRODUCTS MARKET
     15.2 LIMITATIONS
     15.3 CAROTENOIDS MARKET
             15.3.1 MARKET DEFINITION
             15.3.2 MARKET OVERVIEW
     15.4 CAROTENOIDS MARKET, BY TYPE
             15.4.1 INTRODUCTION
                       TABLE 195 CAROTENOIDS MARKET SIZE, BY TYPE, 2017–2026 (USD MILLION)
     15.5 OMEGA-3 MARKET
             15.5.1 MARKET DEFINITION
             15.5.2 MARKET OVERVIEW
             15.5.3 OMEGA-3 MARKET, BY TYPE
                       TABLE 196 OMEGA-3 MARKET SIZE, BY TYPE, 2017–2025 (USD MILLION)

16 APPENDIX (Page No. - 209)
     16.1 DISCUSSION GUIDE
     16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     16.3 AVAILABLE CUSTOMIZATIONS
     16.4 RELATED REPORTS
     16.5 AUTHOR DETAILS

The study involved four major activities in estimating the algae products market size. Exhaustive secondary research was conducted to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, were referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold & silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of the market is characterized by the presence of manufacturing companies and government organizations, service providing company officials, government and research organizations, and research officers. The supply side is characterized by the presence of key CEOs and vice presidents, marketing directors, product innovation directors and related key executives from manufacturing companies and organizations operating in the market, and manufacturing and marketing companies. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Given below is the breakdown of the primary respondents:

Algae Products Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the algae products market. These approaches were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details:

  • The key players were identified through extensive secondary research.
  • The COVID-19 impact on market size of algae products was determined through primary and secondary research.
  • All percentage share splits and breakdowns were determined using secondary sources and verified through primary sources.
  • All the possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

Data Triangulation

After arriving at the overall market size from the estimation process described above, the total market was split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size was validated using both top-down and bottom-up approaches. It was then verified through primary interviews. Hence, three approaches were adopted—top-down approach, bottom-up approach, and the one involving expert interviews. Only when the values arrived at from the three points match, the data is assumed to be correct.

Report Objectives

  • Determining and projecting the size of the algae products market, with respect to type, application, form, source, and regional markets, over a period, ranging from 2021 to 2026.
  • Identifying the attractive opportunities in the market by determining the largest and fastest-growing segments across regions.
  • Providing detailed information about the impact of COVID-19 on algae products supply chain and its impact on various stakeholders such as suppliers, manufacturers, and retailers across the supply chain.
  • Providing detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • Analyzing the micro markets, with respect to individual growth trends, prospects, and their contribution to the total market
  • Identifying and profiling the key players in the algae products market and impact of COVID-19 on the key vendors.
  • Providing a comparative analysis of market leaders on the basis of the following:
    • Product offerings
    • Business strategies
    • Strengths and weaknesses
  • Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions.
  • Analyzing the value chain and products offered across key regions and their impact on the growth of the prominent market players
  • Providing insights on key product innovations and investments in the algae products market.

Available Customizations

Geographical Analysis

  • Further breakdown of the Rest of Europe algae products market, by key country
  • Further breakdown of the Rest of Asia Pacific algae products market, by key country

Segmentation Analysis

  • Market segmentation analysis of other types of algae products
  • Market segmentation by other applications

Company Information

  • Analyses and profiling of additional market players (up to five)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Algae Products Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Algae Products Market

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Published ON
Sep, 2021
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