Algae Products Market Leading Key Players Share, Analysis and Forecasts to 2027
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Algae Products Market Global Research Report Forecast till 2027 Market Insights: 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
Algae are the class of micro-organism, which can convert carbon dioxide in the presence of sunlight into proteins and fats. It is used in the food and fuel industry. Algae products comprise of food or feed prepared by macro or micro-algae. Algae products are loaded with proteins and have wide range of applications in food and feed supplements, nutraceuticals, pharmaceuticals, and pollution control. Commonly screened algae products consist of seaweed, kelp, chlorella, and spirulina.
Algae products are containing proteins and essential amino acids, which boost human metabolic process for instance, enzyme production. In addition, high content of Omega-3 and Omega-6 fatty acids in algae products makes it a good source of energy in the food and feed. Owing to these nutritional benefits an elevated requirement for algae products is being observed from the food and feed industry.
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Algae Products Market Global Research Report Forecast till 2027 Segmentation Analysis The global Algae Products Market Share has been segmented based on source, product application, and distribution channel. By source, the global Algae Products Market Share has been segmented into macro-algae, micro-algae, and others. The microalgae segment is leading the market. Microalgae is cheap to grow, and microalgae are inexpensive. Use of micro-algae in supplements and energy drinks are likely to drive the segment over the forecast period. However, extraction of phyto-ingredients from macro-algae is easy than the extraction of phytoingredients from microalgae. By product application, the global algae products markethas been segmented into food supplements, feed supplements, nutraceuticals, pharmaceuticals, pollution control, paints and colorants, and others. The nutraceuticals segment is domineering the market due to increasing health awareness among consumers. However, the food supplements segment is likely to showcase high growth over the forecast period due to high consumer awareness regarding the benefits of algae consumption. By distribution channel, the algae products market has been segmented into store-based and non-store-based distribution channel. The store-based distribution channel is the most preferred one among consumers.
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Algae Products Market Global Research Report Forecast till 2027 Application & Major Players in this Research: Some of key the players in the market are
• Some of the key players profiled in the global algae products market: Cellana Inc. (U.S.), Alltech, Inc. (U.S.), Algaetech International Sdn Bhd (Malaysia), Cyanotech Corporation (U.S.), DIC Lifetec Co. Ltd. (Japan), BlueBioTech GmbH (Germany), Parry Nutraceuticals Limited (India) To Read Full @ https://www.marketresearchfuture.com/reports/algae-products-market-4730
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