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
The global algae products market on financial terms was estimated to be worth $4.7 billion in 2021 and is poised to reach $6.4 billion by 2026, growing at a CAGR of 6.3% from 2021 to 2026. 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.
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Algae Products 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.
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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 market. Growing industries, such as food & beverage, nutraceutical, pharmaceutical, and dietary supplement, have significantly contributed to the growth of the market in the US. The rising population in the country is another factor that is expected to boost the demand for algae products. An increase 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).
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Report Metric |
Details |
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Market size value in 2021 |
USD 4.7 billion |
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Market size value in 2026 |
USD 6.4 billion |
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Market size estimation |
2017–2020 |
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Base year considered |
2020 |
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Forecast period considered |
2021–2026 |
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Growth rate |
CAGR of 6.3% from 2021 to 2026 |
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Units considered |
Value (USD) |
|
Segments Covered |
|
|
Regions covered |
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Key Players in Algae Products Market |
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The algae products market report categorizes on the basis of type, application, form, source, and region.
Based on Type, the market has been segmented as follows:
- Lipids
- Carrageenan
- Carotenoids
- Algae protein
- Alginates
- Other types (agar, algal flour, and dried algae)
Based on Application, the 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 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 market has been segmented as follows:
- Solid
- Liquid
Based on Region, the 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):
What is the projected market value of the global Algae Products Market?
The global algae products market size is projected to reach USD 6.4 billion by 2026.
What is the estimated growth rate (CAGR) of the global Algae Products Market for the next five years?
The global algae products market is expected to grow at a compound annual growth rate (CAGR) of 6.3% from 2021 to 2026.
What are the major revenue pockets in the Algae Products Market currently?
The North American algae products market has been experiencing tremendous growth. The US acquired the largest share of the North American market. Growing industries, such as food & beverage, nutraceutical, pharmaceutical, and dietary supplement, have significantly contributed to the growth of the market in the US. The rising population in the country is another factor that is expected to boost the demand for algae products. An increase 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.
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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 MARKET SIZE ESTIMATION – SUPPLY SIDE (2/2)
FIGURE 6 MARKET SIZE ESTIMATION – DEMAND SIDE
2.2.1 MARKET SIZE ESTIMATION NOTES
FIGURE 7 MARKET SIZE ESTIMATION – TOP-DOWN APPROACH
FIGURE 8 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 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 BY MARKET, BY SOURCE AND COUNTRY
FIGURE 20 BROWN ALGAE SEGMENT DOMINATED THE ASIA PACIFIC MARKET IN 2020
4.3 MARKET, BY FORM AND REGION
FIGURE 21 SOLID SEGMENT DOMINATED THE MARKET ACROSS ALL THE REGIONS IN 2020
4.4 MARKET, BY REGION
FIGURE 22 NORTH AMERICA PROJECTED TO DOMINATE THE MARKET ACROSS ALL THE REGIONS BY 2026
4.5 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 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 MARKET, 2018–2021
6.9 PORTER’S FIVE FORCES ANALYSIS
TABLE 7 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 MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 11 MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
8.1.1 COVID-19 IMPACT ON MARKET FOR ALGAE PRODUCTS, BY TYPE
8.1.1.1 Realistic Scenario
TABLE 12 REALISTIC SCENARIO: COVID-19 IMPACT ON THE MARKET SIZE, BY TYPE, 2019–2022 (USD MILLION)
8.1.1.2 Pessimistic Scenario
TABLE 13 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE MARKET SIZE, BY TYPE, 2019–2022 (USD MILLION)
8.1.1.3 Optimistic Scenario
TABLE 14 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE 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: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 16 LIPIDS: 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: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 18 CARRAGEENAN: 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: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 20 CAROTENOIDS: 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: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 22 ALGAL PROTEIN: 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: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 24 ALGINATE: 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: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 26 OTHER TYPES: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
9 ALGAE PRODUCTS MARKET, BY FORM (Page No. - 83)
9.1 INTRODUCTION
TABLE 27 MARKET SIZE, BY FORM, 2017–2020 (USD MILLION)
TABLE 28 MARKET SIZE, BY FORM, 2021–2026 (USD MILLION)
FIGURE 33 SOLID SEGMENT TO ACCOUNT FOR A LARGER SHARE IN THE MARKET
9.1.1 COVID-19 IMPACT ON THE MARKET, BY FORM
9.1.1.1 Realistic Scenario
TABLE 29 REALISTIC SCENARIO: MARKET SIZE, BY FORM, 2019–2022 (USD MILLION)
9.1.1.2 Optimistic Scenario
TABLE 30 OPTIMISTIC SCENARIO: MARKET SIZE, BY FORM, 2019–2022 (USD MILLION)
9.1.1.3 Pessimistic scenario
TABLE 31 PESSIMISTIC SCENARIO: 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: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 33 SOLID FORM: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
9.3 LIQUID
9.3.1 GROWING APPLICATIONS IN PHARMACEUTICALS
TABLE 34 LIQUID FORM: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 35 LIQUID FORM: 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 MARKET SIZE, BY SOURCE, 2017–2020 (USD MILLION)
TABLE 38 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 MARKET, BY SOURCE
10.1.1.1 Realistic scenario
TABLE 39 REALISTIC SCENARIO: MARKET SIZE, BY SOURCE, 2019–2022 (USD MILLION)
10.1.1.2 Optimistic scenario
TABLE 40 OPTIMISTIC SCENARIO: MARKET SIZE, BY SOURCE, 2019–2022 (USD MILLION)
10.1.1.3 Pessimistic scenario
TABLE 41 PESSIMISTIC SCENARIO: 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 MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 43 BROWN 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 MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 45 BLUE-GREEN 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 MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 47 RED 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 MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 49 GREEN 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 MARKET SIZE, BY APPLICATION, 2021 VS. 2026 (USD MILLION)
TABLE 52 MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 53 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 MARKET SIZE, BY APPLICATION, 2019–2022 (USD MILLION)
11.1.1.2 Pessimistic Scenario
TABLE 55 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE 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: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 58 FOOD & BEVERAGES: 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: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 60 NUTRACEUTICALS & DIETARY SUPPLEMENTS: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
11.4 FEED
11.4.1 ALGAE PRODUCTS ARE WIDELY USED IN AQUACULTURE
TABLE 61 FEED: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 62 FEED: 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: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 64 PERSONAL CARE 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: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 66 PHARMECEUTICALS: 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: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 68 OTHER APPLICATIONS: 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 MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 70 MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
12.1.1 COVID-19 IMPACT ON THE MARKET, BY REGION
12.1.1.1 Realistic Scenario
TABLE 71 REALISTIC SCENARIO: COVID-19 IMPACT ON THE MARKET SIZE, BY REGION, 2019–2022 (USD MILLION)
12.1.1.2 Pessimistic Scenario
TABLE 72 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE 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: MARKET FOR ALGAE PRODUCTS SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 75 NORTH AMERICA: MARKET FOR ALGAE PRODUCTS SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 76 NORTH AMERICA: MARKET FOR ALGAE PRODUCTS SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 77 NORTH AMERICA: MARKET FOR ALGAE PRODUCTS SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 78 NORTH AMERICA: MARKET FOR ALGAE PRODUCTS SIZE, BY SOURCE, 2017–2020 (USD MILLION)
TABLE 79 NORTH AMERICA: MARKET FOR ALGAE PRODUCTS SIZE, BY SOURCE, 2021–2026 (USD MILLION)
TABLE 80 NORTH AMERICA: BY MARKET SIZE, BY FORM, 2017–2020 (USD MILLION)
TABLE 81 NORTH AMERICA: BY MARKET SIZE, BY FORM, 2021–2026 (USD MILLION)
TABLE 82 NORTH AMERICA: BYMARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 83 NORTH AMERICA: BY 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: 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: BY MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 87 CANADA: 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: MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 89 MEXICO: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
12.3 EUROPE
FIGURE 38 EUROPE: ALGAE PRODUCTS MARKET SNAPSHOT
TABLE 90 EUROPE: BY MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 91 EUROPE: BY SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 92 EUROPE: BY MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 93 EUROPE: BY MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 94 EUROPE: BY MARKET SIZE, BY SOURCE, 2017–2020 (USD MILLION)
TABLE 95 EUROPE: MARKET SIZE, BY SOURCE, 2021–2026 (USD MILLION)
TABLE 96 EUROPE: MARKET SIZE, BY FORM, 2017–2020 (USD MILLION)
TABLE 97 EUROPE: MARKET SIZE, BY FORM, 2021–2026 (USD MILLION)
TABLE 98 EUROPE: MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 99 EUROPE: 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: BY MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 101 GERMANY: 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: BY MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 103 FRANCE: 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: BY MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 105 SPAIN: 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: 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: BY MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 109 ITALY: 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: MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 111 REST OF EUROPE: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
12.4 ASIA PACIFIC
FIGURE 39 ASIA PACIFIC: ALGAE PRODUCTS MARKET SNAPSHOT
TABLE 112 ASIA PACIFIC: BY MARKET SIZE, BY COUNTRY/REGION, 2017–2020 (USD MILLION)
TABLE 113 ASIA PACIFIC: BY MARKET SIZE, BY COUNTRY/REGION, 2021–2026 (USD MILLION)
TABLE 114 ASIA PACIFIC: BY MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 115 ASIA PACIFIC: BY MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 116 ASIA PACIFIC: BY MARKET SIZE, BY SOURCE, 2017–2020 (USD MILLION)
TABLE 117 ASIA PACIFIC: MARKET SIZE, BY SOURCE, 2021–2026 (USD MILLION)
TABLE 118 ASIA PACIFIC: MARKET SIZE, BY FORM, 2017–2020 (USD MILLION)
TABLE 119 ASIA PACIFIC: MARKET SIZE, BY FORM, 2021–2026 (USD MILLION)
TABLE 120 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 121 ASIA PACIFIC: 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: MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 123 CHINA: 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: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
12.4.3 INDIA
12.4.3.1 Presence of key market players strengthening the market
TABLE 126 INDIA: MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 127 INDIA: 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: BY MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 129 AUSTRALIA & NEW ZEALAND: 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: BY MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 131 REST OF ASIA PACIFIC: 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: MARKET FOR ALGAE PRODUCTS SIZE, BY REGION, 2021–2026 (USD MILLION)
TABLE 134 SOUTH AMERICA: MARKET FOR ALGAE PRODUCTS SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 135 SOUTH AMERICA: MARKET FOR ALGAE PRODUCTS SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 136 SOUTH AMERICA: MARKET FOR ALGAE PRODUCTS SIZE, BY SOURCE, 2017–2020 (USD MILLION)
TABLE 137 SOUTH AMERICA: MARKET FOR ALGAE PRODUCTS SIZE, BY SOURCE, 2021–2026 (USD MILLION)
TABLE 138 SOUTH AMERICA: MARKET SIZE, BY FORM, 2017–2020 (USD MILLION)
TABLE 139 SOUTH AMERICA: MARKET SIZE, BY FORM, 2021–2026 (USD MILLION)
TABLE 140 SOUTH AMERICA: MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 141 SOUTH AMERICA: 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: MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 143 BRAZIL: 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: MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 145 ARGENTINA: 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: MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 147 REST OF SOUTH AMERICA: 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: MARKET FOR ALGAE PRODUCTS SIZE, BY REGION, 2021–2026 (USD MILLION)
TABLE 150 ROW: MARKET FOR ALGAE PRODUCTS SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 151 ROW: MARKET FOR ALGAE PRODUCTS SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 152 ROW: MARKET FOR ALGAE PRODUCTS SIZE, BY SOURCE, 2017–2020 (USD MILLION)
TABLE 153 ROW: MARKET SIZE, BY SOURCE, 2021–2026 (USD MILLION)
TABLE 154 ROW: MARKET SIZE, BY FORM, 2017–2020 (USD MILLION)
TABLE 155 ROW: MARKET SIZE, BY FORM, 2021–2026 (USD MILLION)
TABLE 156 ROW: MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 157 ROW: 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: MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 159 AFRICA: 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: MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 161 MIDDLE EAST: 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 MARKET: MARKET SHARE ANALYSIS
TABLE 163 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 MARKET FOR ALGAE PRODUCTS: PRODUCT LAUNCHES, 2020
13.7.2 DEALS
TABLE 169 MARKET FOR ALGAE PRODUCTS: 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:
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.
Algae Products Market 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.
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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)
Generating Response ...
Growth opportunities and latent adjacency in Algae Products Market