Algae Products Market by Type (Lipids, Carrageenan, Carotenoids, Alginate, and Algal Protein), Application (Food & Beverages, Nutraceuticals & Dietary Supplements, Personal Care, Feed, and Pharmaceuticals), Source, Form, and Region - Global Forecast to 2023
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Request For Special Pricing[138 Pages Report] The algae products market was valued at USD 3.78 Billion in 2017; this is projected to grow at a CAGR of 5.4%, to reach USD 5.17 Billion by 2023. The basic objective of the report is to define, segment, and project the global market size for algae products on the basis of application, type, source, form, and region. The other objectives include analyzing the opportunities in the market for stakeholders and providing a competitive landscape of market trends, analyzing the macro and microeconomic indicators of this market to provide factor analysis, and to project the growth rate of the market.
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This report includes estimations of the market size in terms of value (USD million). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the market and to estimate the size of various other dependent submarkets. The key players in the market have been identified through secondary research (from sources such as press releases, paid databases such as Factiva and Bloomberg), annual reports, and financial journals; their market share in respective regions have also been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources. The figure below shows the breakdown of profiles of industry experts that participated in the primary discussions.
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The key players that are profiled in the report include BASF (Germany), DowDuPont (US), DSM (Netherlands), Cyanotech Corporation (US), Cargill (US), Kerry (Ireland), Ingredion (US), Corbion (Netherlands), Fenchem Biotek (China), and E.I.D. Parry (India).
This report is targeted at the existing players in the industry, which include the following:
- Regulatory and research organizations
- Raw material producers (algae cultivators), suppliers, and distributors
- Food & beverage, nutraceutical products retailers
- Algae products manufacturers, traders, distributors, and dealers
The study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.
Scope of the Report
On the basis of Application, the market for algae products has been segmented as follows:
- Food & beverages
- Nutraceuticals & dietary supplements
- Feed
- Personal care products
- Pharmaceuticals
- Others (pet food, fortified food, and infant food)
On the basis of Type, the market for algae products has been segmented as follows:
- Lipids
- Carrageenan
- Carotenoids
- Algal protein
- Alginate
- Others (algal flour, dried algae, and agar)
On the basis of Source, the market for algae products has been segmented as follows:
- Brown algae
- Blue-green algae
- Green algae
- Red algae
- Others (yellow-brown algae and golden algae)
On the basis of Form, the market for algae products has been segmented as follows:
- Solid
- Liquid
On the basis of Region, the market for algae products has been segmented as follows:
- North America
- Europe
- Asia Pacific
- RoW (South America, Middle East & Africa)
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the companys specific needs.
The following customization options are available for the report:
Product Analysis for Algae Products Market
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
- Further breakdown of the Rest of Europe algae products market into Russia, Norway, and Denmark
Company Information
- Detailed analysis and profiling of additional market players (up to five)
Algae-derived products find applications in multiple industries such as food & beverage, feed, nutraceutical, personal care, and pharmaceutical. This is expected to be a major driver for the growth of the market. Moreover, the direct consumption of algae as a food product makes it a reliable food alternative with high nutritional value, which is a necessity for the growing population. This factor can also be considered as a driver for this industry.
On the basis of application, the food & beverage segment accounted for the largest share, followed by the nutraceutical and dietary supplement segment, in 2017. Algae-containing food & beverage products are gaining popularity due to greater awareness regarding the health benefits of these products. Growing consumer preference for alternative protein sources has also led to the demand for algae-based food ingredients in convenience food and health drinks. Moreover, the growing vegetarian and vegan population in North America and Europe is expected to drive the demand for algae products in food, leading to the markets subsequent growth.
The algae products market, on the basis of type, is segmented into lipids, carrageenan, carotenoids, algae protein, alginates, and others (that include dried algae, algal flour, and agar). Lipids accounted for the largest market share in 2017. Algae have become the key alternative sources for the production of lipids to fulfill the growing demand from the vegan population.
On the basis of source, brown algae-derived products accounted for a larger market share in 2017, followed by blue-green algae. Brown algae (seaweed) possess nutraceutical properties; they are anti-hypothyroid, anti-rheumatic, antibacterial, anticoagulant, and antioxidant; hence, they find applications in the nutraceutical industry as well, contributing to the growth of this market.
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North America accounted for the largest share of the algae products market in 2017. This market is driven by the rise in health-conscious consumers due to the growing incidences of diseases and conditions such as diabetes and high-blood pressure, and also the high demand for plant-derived protein that has been fueling the market for algae products.
The major restraining factor for the market is the impact of weather on algae cultivation. For instance, changes in rainfall pattern, occurrences of natural calamities such as floods and storms will hamper the production of algae, particularly in Asia Pacific and South American countries and in some parts of the US.
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology (Page No. - 18)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions & Limitations
3 Executive Summary (Page No. - 27)
4 Premium Insights (Page No. - 31)
4.1 Attractive Opportunities in the Algae Products Market
4.2 Market for Algae Products, By Application
4.3 Market for Algae Products, By Form & Region
4.4 Asia Pacific: Algae Products Market, By Type & Country
4.5 Market for Algae Products, By Source
5 Market Overview (Page No. - 36)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Multi-Industry Coverage
5.2.1.2 Growth in Consumer Awareness Regarding the Health Benefits of Algae-Based Products
5.2.1.3 Alternate Food Source and Food Ingredient
5.2.2 Restraints
5.2.2.1 Impact of Climatic Conditions on Algae Production
5.2.3 Opportunities
5.2.3.1 Government and Private Initiatives to Support Research & Development in Algaculture
5.2.3.2 Growth in Demand for Natural Ingredients By Consumers
5.2.3.3 Easy Cultivation of Algae
5.2.4 Challenges
5.2.4.1 High Processing Cost
5.3 Supply Chain Analysis
6 Market for Algae Products, By Type (Page No. - 43)
6.1 Introduction
6.2 Lipids
6.3 Carrageenan
6.4 Carotenoids
6.5 Algal Protein
6.6 Alginate
6.7 Others
7 Market for Algae Products, By Source (Page No. - 50)
7.1 Introduction
7.2 Brown Algae
7.3 Blue-Green Algae
7.4 Red Algae
7.5 Green Algae
7.6 Others
8 Market for Algae Products, By Form (Page No. - 56)
8.1 Introduction
8.2 Solid
8.3 Liquid
9 Market for Algae Products, By Application (Page No. - 59)
9.1 Introduction
9.2 Food & Beverages
9.3 Nutraceuticals & Dietary Supplements
9.4 Feed
9.5 Personal Care Products
9.6 Pharmaceuticals
9.7 Others
10 Market for Algae Products, By Region (Page No. - 67)
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 France
10.3.3 Spain
10.3.4 UK
10.3.5 Italy
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Australia & New Zealand
10.4.5 Rest of Asia Pacific
10.5 Rest of the World (RoW)
10.5.1 South America
10.5.2 Middle East & Africa
11 Competitive Landscape (Page No. - 96)
11.1 Overview
11.2 Ranking Analysis
11.2.1 Competitive Scenario
11.3 Expansions & Investments
11.4 Mergers & Acquisitions
11.5 New Product Launches
11.6 Joint Ventures & Agreements
12 Company Profiles (Page No. - 102)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
12.1 DSM
12.2 BASF
12.3 Cyanotech Corporation
12.4 Cargill
12.5 Dowdupont
12.6 Kerry
12.7 Ingredion
12.8 CP Kelco
12.9 Corbion
12.10 Roquette Frθres
12.11 Fenchem Biotek
12.12 Algatechnologies
12.13 E.I.D. Parry
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 130)
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets Subscription Portal
13.3 Introducing RT: Real-Time Market Intelligence
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details
List of Tables (68 Tables)
Table 1 US Doller Exchange Rate, 20142017
Table 2 Algae Products Market Size, By Type, 20162023 (USD Million)
Table 3 Lipids Market Size, By Region, 20162023 (USD Million)
Table 4 Carrageenan Market Size, By Region, 20162023 (USD Million)
Table 5 Carotenoids Market Size, By Region, 20162023 (USD Million)
Table 6 Algal Protein Market Size, By Region, 20162023 (USD Million)
Table 7 Alginate Market Size, By Region, 20162023 (USD Million)
Table 8 Other Market Size, By Region, 20162023 (USD Million)
Table 9 Characteristics of Different Algae, By Phylum/Class
Table 10 Market Size, By Source, 20162023 (USD Million)
Table 11 Brown AP Market Size, By Region, 20162023 (USD Million)
Table 12 Blue-Green Algae Products Market Size, By Region, 20162023 (USD Million)
Table 13 Red AP Market Size, By Region, 20162023 (USD Million)
Table 14 Green AP Market Size, By Region, 20162023 (USD Million)
Table 15 Other AP Market Size, By Region, 20162023 (USD Million)
Table 16 Market Size, By Form, 20162023 (USD Million)
Table 17 Solid Form Market Size, By Region, 20162023 (USD Million)
Table 18 Liquid Form Market Size, By Region, 20162023 (USD Million)
Table 19 Algae Products for Commercial Use
Table 20 By Market Size, By Application, 20162023 (USD Million)
Table 21 Market Size in Food & Beverages, By Region, 20162023 (USD Million)
Table 22 Market for Algae Products Size in Nutraceuticals & Dietary Supplements, By Region, 20162023 (USD Million)
Table 23 Market for Algae Products Size in Feed, By Region, 20162023 (USD Million)
Table 24 Market Size in Personal Care Products, By Region, 20162023 (USD Million)
Table 25 Pharmaceutical Applications of Algae
Table 26 By Market Size in Pharmaceuticals, By Region, 20162023 (USD Million)
Table 27 AP Market Size in Other Applications, By Region, 20162023 (USD Million)
Table 28 AP Market Size, By Region, 20162023 (USD Million)
Table 29 North America: Algae Products Market Size, By Country, 20162023 (USD Million)
Table 30 North America: Market Size, By Type, 20162023 (USD Million)
Table 31 North America: Market Size, By Source, 20162023 (USD Million)
Table 32 North America: Market Size, By Form, 20162023 (USD Million)
Table 33 North America: By Market Size, By Application, 20162023 (USD Million)
Table 34 US: Market Size, By Type, 20162023 (USD Million)
Table 35 Canada: Market Size, By Type, 20162023 (USD Million)
Table 36 Mexico: Market Size, By Type, 20162023 (USD Million)
Table 37 Europe: Algae Products Market Size, By Country, 20162023 (USD Million)
Table 38 Europe: Market Size, By Type, 20162023 (USD Million)
Table 39 Europe: Market Size, By Source, 20162023 (USD Million)
Table 40 Europe: Market Size, By Form, 20162023 (USD Million)
Table 41 Europe: By Market Size, By Application, 20162023 (USD Million)
Table 42 Germany: Market Size, By Type, 20162023 (USD Million)
Table 43 France: Market Size, By Type, 20162023 (USD Million)
Table 44 Spain: By Market Size, By Type, 20162023 (USD Million)
Table 45 UK: Market Size, By Type, 20162023 (USD Million)
Table 46 Italy: Market Size, By Type, 20162023 (USD Million)
Table 47 Rest of Europe: Market Size, By Type, 20162023 (USD Million)
Table 48 Asia Pacific: Algae Products Market Size, By Country/Region, 20162023 (USD Million)
Table 49 Asia Pacific: Market Size, By Type, 20162023 (USD Million)
Table 50 Asia Pacific: By Market Size, By Source, 20162023 (USD Million)
Table 51 Asia Pacific: Market Size, By Form, 20162023 (USD Million)
Table 52 Asia Pacific:Market Size, By Application, 20162023 (USD Million)
Table 53 China: Market Size, By Type, 20162023 (USD Million)
Table 54 Japan: Market Size, By Type, 20162023 (USD Million)
Table 55 India: Market Size, By Type, 20162023 (USD Million)
Table 56 Australia & New Zealand: Market Size, By Type, 20162023 (USD Million)
Table 57 Rest of Asia Pacific: By Market Size, By Type, 20162023 (USD Million)
Table 58 RoW: Market Size, By Region, 20162023 (USD Million)
Table 59 RoW: Market Size, By Type, 20162023 (USD Million)
Table 60 RoW: Algae Products Market Size, By Source, 20162023 (USD Million)
Table 61 RoW: Market Size, By Form, 20162023 (USD Million)
Table 62 RoW: Market Size, By Application, 20162023 (USD Million)
Table 63 South America: Market Size, By Type, 20162023 (USD Million)
Table 64 Middle East & Africa: Market Size, By Type, 20162023 (USD Million)
Table 65 Expansions & Investments, 20132017
Table 66 Mergers& Acquisitions, 20132017
Table 67 New Product Launches, 20152017
Table 68 Joint Ventures & Agreements, 20152017
List of Figures (40 Figures)
Figure 1 Algae Products Market Segmentation
Figure 2 Regional Scope
Figure 3 Algae Products Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Breakdown & Data Triangulation
Figure 8 Research Assumptions
Figure 9 Research Limitations
Figure 10 Market Size, By Type, 2018 vs 2023 (USD Million)
Figure 11 Market Size, By Form, 2018 vs 2023 (USD Million)
Figure 12 Market Size, By Application, 2018 vs 2023 (USD Million)
Figure 13 Market Share (Value), By Region, 2018
Figure 14 Increasing Awareness About Health Benefits of Algae Products to Drive Market Growth
Figure 15 Nutraceuticals & Dietary Supplements to Lead the Market Between 2018 & 2023
Figure 16 The Solid Segment Estimated to Dominate the Market in Terms of Value Across All Regions in 2018
Figure 17 The Lipids Segment Accounted for the Largest Share in Asia Pacific in 2017
Figure 18 Brown Algae is Projected to Dominate the Market as A Source for Algae Products Through 2023
Figure 19 Algae Products Market Dynamics
Figure 20 Market for Algae Products: Supply Chain Analysis
Figure 21 The Lipids Segment is Estimated to Dominate the Market Between 2018 and 2023
Figure 22 Market for Algae Products: Geographic Snapshot, 20172023
Figure 23 North American Market: Snapshot
Figure 24 Asia Pacific Market: Snapshot
Figure 25 Key Developments By Leading Players in the Market, 20132017
Figure 26 Algae Products Market Developments, By Growth Strategy, 20152017
Figure 27 DSM: Company Snapshot
Figure 28 DSM: SWOT Analysis
Figure 29 BASF: Company Snapshot
Figure 30 DSM: SWOT Analysis
Figure 31 Cyanotech Corporation: Company Snapshot
Figure 32 Cyanotech Corporation: SWOT Analysis
Figure 33 Cargill: Company Snapshot
Figure 34 Cargill: SWOT Analysis
Figure 35 Dowdupont: Company Snapshot
Figure 36 Dowdupont: SWOT Analysis
Figure 37 Kerry: Company Snapshot
Figure 38 Ingredion: Company Snapshot
Figure 39 Corbion: Company Snapshot
Figure 40 E.I.D. Parry: Company Snapshot
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