Algae Products Market 2023 | Industry Share, Growth, Trends and Forecast 2028
IMARC Group, a leading market research company, has recently releases report titled, “ Algae Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 “, The study provides a detailed analysis of the industry, including the global algae products market share, size, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advances in the market.
How big is the algae products market?
|Market Size in 2022||US$1.8 Billion|
|Market forecast in 2028||US$2.5 Billion|
|Growth rate (2023 to 2028)||CAGR of 5.3%|
|Base Year of the Analysis||2022|
What is algae products?
Algae are rich in vitamins, minerals, omega-3 fatty acids, protein, polysaccharides, lipids, and antioxidants. They are added to meat products, such as pasty, steaks, frankfurters, and sausages to improve their quality. They are also employed in the preparation of agar, alginate, and carrageenan on account of their gelling, thickening, and stabilizing properties. At present, they are widely utilized in the nutraceuticals and dietary supplements, personal care, feed, pharmaceuticals, and chemical industries across the globe.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/algae-products-market/requestsample
What are the growth prospects and trends in the algae products industry?
The growing global population and increasing awareness about the health advantages of consuming food rich in omega-3 fatty acids represent one of the key factors positively influencing the market. In line with this, an extensive range of pharmaceutical products comprises algae due to their antimicrobials, antiviral, antifungal, and therapeutic properties. This, in confluence with the rising need for algae in food supplements and the easy availability of algae products across various distribution channels, is propelling the growth of the market. Additionally, the increasing adoption of algae in aquaculture feeds for livestock on account of their low cost is fueling the market growth. Furthermore, increasing investments in research and development R&D activities to produce biofuels from algae for reducing expenses on the import of fossil fuels is projected to stimulate the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Algal Protein
Breakup by Source:
- Brown Algae
- Blue-Green Algae
- Red Algae
- Green Algae
Breakup by Form:
Breakup by Distribution Channel:
Breakup by Application:
- Food and Beverages
- Nutraceuticals and Dietary Supplements
- Personal Care
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- ACCEL Carrageenan Corporation
- Algatechnologies Ltd
- Archer Daniels Midland Company
- BASF SE, Caldic BV
- Cargill Incorporated
- Cellana Inc
- Corbion NV
- Cyanotech Corporation
- DuPont de Nemours Inc
- Koninklijke DSM NV
- TBK Manufacturing Corporation.
Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=4355&flag=C
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Follow us on Twitter: @imarcglobal
Linkedin: https://www.imarcgroup.com/ linkedin.com/company/imarc-group