Algae Products Market –Opportunity Future Growth Analysis and Industry Forecast, 2016-2023 Strategies by 2025 Global Opportunity Analysis and Industry Forecast, 2016-2023
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Algae Products Market
Algae are a diverse group of plants without steam and roots that convert carbon dioxide, nutrient & minerals from water, and sunlight into organic matter. They are used as replacement for feed additives, fossil fuel, and fish & palm oil manufactured protein used in animal feedstock. An estimated 200,000 species of algae are found across the globe of which 200 species are used for various applications such as feed, food, pharmaceutical, and chemical applications. Algae a source of essential nutrient, is divided based on thallus color, brown, red, green, and blue green. Among all seaweeds, green algae are consumed on large scale due to high algal protein content and commercial application such as production of organic beta-carotene in Australia; thus it holds a dominant position in the global algae products market.
Algae Products Market
Algae Products Market is expected to generate $3,451 million by 2025, growing at a CAGR of 4.2% from 2018 to 2025. In 2017, the food & beverage segment led the algae products market segment, followed by personal care. Growth in this segment is supplemented by rise in global population, increase in awareness of healthy food products, and shortage of protein a main nutrient in the food product. Upsurge in algae products market owing to a rise in global population coupled with an increase in consumption of food is expected to boost the algae products market during the forecast period. In addition, increase in demand for healthy food products is expected to boost the demand for nutritional food additive. This drives the growth of the algae products market. In addition, growth in demand for aquaculture feed used for fish breeding, integrated with increase in demand in omega3 fatty acid are the factors expected to boost the growth of the algae products market during the forecast period. However, consumption of pharmaceutical products such as astaxanthin manufactured using algae causes a decline in calcium level and blood pressure.
Algae Products Market
Increase in prevalence of disease and rise in demand of quality food product & livestock feed are the prime concerns for consumer inclination for consumption of naturally synthesized algae products. One of the factors that drives the growth of the market includes the approval of chlorella, spirulina and other algae for use in food, feed, nutraceutical & dietary supplements as well as the personal care industry. Nori, a species of red algae used to wrap sushi roll, is sold as roasted snack in American grocery stores owing to migration of occupants from Asia-Pacific countries to Europe and North American countries. In addition, North America focuses on the development of sustainable sea food communities by developing underwater algae garden for algae farming. The technique of farming is known as 3D ocean farming that utilizes entire column of water to grow various species of algae and also helps restore the ocean. R&D on algae leads to increase in its applications such as fertilizer, biofuel, animal feed and wastewater treatment and untapped markets in North America and Europe are anticipated to open new opportunities for the manufacturers of algae products. Get Request Sample Copy: https://www.alliedmarketresearch.com/request-sample/5074
Algae Products Market This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global algae products market size from 2018 to 2025 to identify the prevailing market opportunities. The key countries in all the majors regions are mapped based on their market shares. Porters five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier buyer network. A comprehensive analysis of factors that drive and restrict the growth of the global algae products market is provided. An in-depth analysis of the global algae products market helps determine the prevailing market opportunities. The report includes details of the analysis of the regional and global markets, key players, market segments, application areas, and growth strategies. For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5074
Algae Products Market The global algae products market is classified based on application into food & beverages, nutraceuticals & dietary supplements, personal care, chemicals, feed, and pharmaceuticals. The food & beverage segment dominated the market with the largest share in 2017, and is expected to exhibit significant growth during the forecast period. Algae is a rich source of essential protein, bioactive pigments with medicinal potential, and fatty acids. This essential constituent of algae is required for the production of various food & beverages such as cake, pasta, confectionery products, and others. Moreover, some the species of algae are used as pigments to provide textured to food products and nutritional additive to increase the quality of food products. These are the factors that attribute toward the growth in food & beverage application of algae during the forecast period. The key players of algae products industry profiled in this report include euglena Co., Ltd., Algae Systems LLC., Cyanotech Corporation, Cargill, Incorporated, Algenol Biofuels Inc., BIOPROCESS ALGAE, LLC, Corbion, Algatechnologies, Cellana Inc., and Earthrise Nutritional. Source: https:// www.prnewswire.com/news-releases/algae-products-market-to-reach-3-45-bn-globally-by-2025-at-4-2-cagr-allied-market-res earch-801984533.html
Algae Products Market
Algae Products Market
Algae Products Market
Algae Products Market
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Algae Products Market
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Algae Products Market
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