ALGAE PRODUCTS MARKET RESEARCH 2018
Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
ALGAE PRODUCTS MARKET RESEARCH 2018 Algae Products Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
Giving an insight to its extensive report, Market Research Future (MRFR) states that the global algae products market is set to expand steadily during the forecast period (2017-2023). The progress can be attributed to growing end-use industries such as food & beverage, nutraceutical, personal care, and pharmaceutical. Furthermore, growing vegan population has set the market growth in motion. In addition, growing health concerns due to rising cases of diabetes and obesity drive the market growth. Also, algae products offer various health benefits such as anti-aging effects and improvement of digestive system on account of which the demand has increased among health conscious population across the globe. Owing to its increased demand, market players are innovating and developing product lines for algae products, thus further contributing to the market growth. Apart from these factors, emergence of new application areas, elevating use of microalgae in aquaculture, and growing use of algae in bio-fuel production open new avenues for various stakeholders in this market. However, low awareness about the health benefits of algae products could potentially consolidate the market growth. But keeping in mind its high demand and extensive use in numerous industries, it is safe to say the global market is set to soar high in the coming years.
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ALGAE PRODUCTS MARKET RESEARCH 2018
Intended Audience: •
Algae product manufacturers
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Raw material suppliers
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Retailers and wholesaler
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E-commerce industry
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Traders, importers, and exporters
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ALGAE PRODUCTS MARKET RESEARCH 2018 Regional Analysis MRFR reports that Europe is leading the algae products market. Europe observes higher consumption of algae products supplements and food products on account of increasing consumer awareness. Also, high demand in pharmaceutical and nutraceuticals industry pushes the market growth further in the region. On the other hand, Asia Pacific market is witnessing exponential growth on the back of growing consumer knowledge about algae products and massive demand for food and feed supplements from countries such as India and China. Additionally, increasing investment by market players to conduct research and development activities for pollution control has been noted in the region, which buoys the market growth in the region. Also, prevalence of chronic diseases and growing awareness regarding the health benefits of algae-based products have propelled the market growth in the region. North America market enjoys steady growth due to increasing government funding on research and development to produce commercial bio-fuels from algae. Additionally, investments on researches to develop medicine using algae for treatment of several diseases such as Parkinson and dementia further drives the market growth in this region.
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ALGAE PRODUCTS MARKET RESEARCH 2018 Application & Major Players in this Research: Algae Products Market Prominent Players:
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)
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