Region:Global
Product Code:KRBR151
Market Overview:
Algae is a photosynthetic organism found in both marine and freshwater habitats. Algae is the fastest-growing creature, as it has a short doubling time. Algae term is used to describe a wide collection of photosynthetic, eukaryotic organisms. Red algae, green algae, golden algae, blue-green algae, and others are the multiple types of algae.
According to Ken Research estimates, the Global Algae Product Market – which grew from approximately US$ 3 Billion in 2017 to approximately US$ 5 billion in 2022 – is forecasted to grow further into approximately US$ 8 Billion opportunities by 2028, owing to the extensive usage of algae into various end-products including cakes, ice-creams, aquatic-feed agents, moisturizer, and other agriculture products.
Scope of the Report:
The algae product market is segmented by product, source, and application. In addition, the report also covers market size and forecasts for the four regions in the algae product markets. The revenue used to size and forecast the market for each segment is US$ billion.
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By Source |
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By Application |
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By Geography |
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Key Players |
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Key Trends by Market Segment:
By Application: The food and beverages segment held the largest market in 2021, owing to the growing usage of algae in food, functional food, and food additives.
By Type: The spirulina segment held the largest market share of the global algae product market in 2021, owing to the rich source of minerals and proteins.
By Source: The brown algae segment accounted for the largest market share in 2021, because of its extensive usage in the food and beverages industry.
By Geography: North America accounted for the largest market share within the global algae product market in 2021, owing to regular product improvement, and houses the major global companies operating in algae products.
Competitive Landscape:
The global algae product market is moderately competitive with ~100 players which include globally diversified players, country-niche, and players as well as a majority number of regional players having their niche in producing, manufacturing, and distributing algae products.
Regional players constitute the largest by type. While large global players control about 25%. Some of the major players in the market include Cargill Incorporated, ADM, Kerry Group, DSM, Cyanotech Corporation, Caldic B.V., TBK Manufacturing Corporation, Cellana Inc., Algatech Ltd, Corbion, and others.
Recent Developments Related to Major Players
Conclusion
The global algae product market witnessed significant growth during the period 2017-2021, owing to the awareness among people regarding health and various other infectious diseases. The growth rate is expected to remain significant during the forecast period. Though the market is significantly competitive with ~100 participants, the majority of regional players dominate the market share by type, and global players hold a significant share.
Note: This is an On-Demand/Planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of 2 working weeks
Key Topics Covered in the Report
Notable Emerging Companies Mentioned in the Report
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
Time Period Captured in the Report
Frequently Asked Questions
This report covers the Global Algae Product Market from 2017– 2028, including a forecast for 2022-2028.
The Global Algae Product Market is expected to witness a CAGR of ~8% over the next six years.
Increasing demand for supplement products and health benefits associated with the consumption of algae are fueling the growth in this market.
The spirulina product type segment held the largest share of the global algae product market in 2021.
Cargill Incorporated, ADM, Kerry Group, DSM, Cyanotech Corporation, Caldic B.V., TBK Manufacturing Corporation, Cellana Inc., Algatech Ltd, Corbion.
Notable Emerging Companies Mentioned in the Report
1.1 Highlights of Global Algae Product Market Historic Growth & Forecast
1.2 Highlights of Market Trends, Challenges, and Competition
1.3 Highlights of Market Revenue Share by Segments
2.1 Global Algae Product Market Taxonomy
2.2 Industry Value Chain
2.3 The Ecosystem of Major Entities in the Global Algae Product Market
2.4 Government Regulations & Developments
2.5 Key Growth Drivers & Challenges Impacting the Market
2.6 COVID-19 Impact on Global Algae Product Market
2.7 Total Global Algae Product Market Historic Growth by Segment Type, 2017-2021
2.7.1 By Type
2.7.2 By Source
2.7.3 By Application
2.7.4 By Major Region
2.8 Total Global Algae Product Market Historic & Forecast Growth, 2017-2028
2.9 Key Takeaways
3.1 Market Definition - Segmentation by Type
3.2 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Type, 2017-2028
3.2.1 Spirulina
3.2.2 Chlorella
3.2.3 Astaxanthin
3.2.4 Beta-carotene
3.2.5 Hydrocolloids
3.2.6 Others
3.3 Key Takeaways from Market Segmentation by Type
4.1 Market Definition - Segmentation by Source
4.2 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Source, 2017-2028
4.2.1 Brown Algae
4.2.2 Red Algae
4.2.3 Green Algae
4.2.4 Blue-green Algae
4.2.5 Others
4.3 Key Takeaways from Market Segmentation by Source
5.1 Market Definition - Segmentation by Applications
5.2 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Applications, 2017-2028
5.2.1 Personal Care
5.2.2 Food and Beverage
5.2.3 Dietary Supplements
5.2.4 Pharmaceuticals
5.2.5 Animal Feed
5.2.6 Others
5.3 Key Takeaways from Market Segmentation by Applications
6.1 Types of Players (Competitors) & Share of Competition
6.2 Porter’s 5 Forces Analysis of Global Algae Product Competitors
6.3 Key Developments in the Global Algae Product Sector Impacting Market Growth
6.4 Comparison of Leading Competitors within the Global Algae Product Market, 2021
6.5 Comparison of Leading Competitors within the Global Algae Product Market by Coverage of Type, 2021
6.6 Comparison of Leading Competitors within the Global Algae Product Market by Coverage of Source, 2021
6.7 Comparison of Leading Competitors within the Global Algae Product Market by Coverage of Application Segment, 2021
6.8 Comparison of Leading Competitors within the Global Algae Product Market by Coverage of Major Regions, 2021
6.9 Key Takeaways from Competitive Landscape
7.1 Cargill Incorporated
7.2 ADM
7.3 Kerry Group
7.4 DSM
7.5 Cyanotech Corporation
7.6 Caldic B.V.
7.7 TBK Manufacturing Corporation
7.8 Cellana Inc.
7.9 Algatech Ltd
7.10 Corbion
8.1 Major Countries Comparison of Macroeconomic Factors
8.2 Total Global- Market Revenue Share, Historic Growth, Outlook and Forecasts by Geography, 2017-2028
8.3 Major Region Market Analysis, Historic Growth, Outlook & Forecasts
8.4 North America – Algae Product Market Analysis
8.4.1 Major Production and Consumption Hubs in North America
8.4.2 Notable Emerging Algae Product Companies in North America
8.4.3 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Type, 2017-2028
8.4.4 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Source, 2017-2028
8.4.5 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Application, 2017-2028
8.4.6 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Major Countries, 2017-2028
- USA
- Canada
- Mexico
8.5 Asia Pacific – Algae Product Market Analysis
8.5.1 Major Production and Consumption Hubs in the Asia Pacific
8.5.2 Notable Emerging Algae Product Companies in the Asia Pacific
8.5.3 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Type, 2017-2028
8.5.4 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Source, 2017-2028
8.5.5 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Application, 2017-2028
8.5.6 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Major Countries, 2017-2028
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
8.6 Europe – Algae Product Market Analysis
8.6.1 Major Production and Consumption Hubs in Europe
8.6.2 Notable Emerging Algae Product Companies in Europe
8.6.3 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Type, 2017-2028
8.6.4 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Source, 2017-2028
8.6.5 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Application, 2017-2028
8.6.6 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Major Countries, 2017-2028
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
8.7 LAMEA – Algae Product Market Analysis
8.7.1 Major Production and Consumption Hubs in LAMEA
8.7.2 Notable Emerging Algae Product Companies in LAMEA
8.7.3 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Type, 2017-2028
8.7.4 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Source, 2017-2028
8.7.5 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Application, 2017-2028
8.7.6 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Major Sub-Regions, 2017-2028
- Latin America
- Middle East
- Africa
9.1 Notable Statements/Quotes from Industry Experts and C-Level Executives on the Current Status and Future Outlook of the Market
10.1 Analyst Recommendations on Identified Major Opportunities and Potential Strategies to Gain from Opportunities
11.1 Research Methodology - Market Size Estimation, Forecast, and Sanity Check Approach
11.2 Sample Discussion Guide
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