Algae Products Market

Algae Products Market by Type (Lipids, Carotenoids, Carrageenan, Alginate, Algal Protein), Form, Source (Brown Algae, Green Algae, Red Algae, Blue-green Algae), by End Application (Food & Beverage, Nutraceuticals & Dietary Supplements, Feed, Personal Care Products, Pharmaceuticals), and Region - Global Forecast to 2028

Report Code: FB 6208 Jun, 2023, by marketsandmarkets.com

Algae Products Market Overview 2028

The algae products market size is estimated to be valued at US$ 5.3 billion in 2023 and surpass US$ 7.3 billion by 2028. The market is likely to witness a significant CAGR of 6.4% during the forecast period.

Consumers are increasingly seeking natural and sustainable alternatives in various industries, including food, pharmaceuticals, cosmetics, and biofuels. Algae products offer a renewable and eco-friendly source of nutrients, bioactive compounds, and raw materials, making them highly attractive to environmentally conscious consumers.

Algae are known to be rich in essential nutrients, such as proteins, vitamins, minerals, and omega-3 fatty acids. The growing awareness of these health benefits, including immune system support, cardiovascular health, and cognitive function, is driving the demand for algae-based dietary supplements, functional foods, and nutraceuticals.

Algae Products Market

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Algae Products Market

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Algae products Market Insights

Driver: Growth in consumer awareness regarding the health benefits of algae based products

In recent years, there has been a significant shift in consumer preferences towards health and wellness. Consumers are becoming more proactive about maintaining their well-being and are seeking natural, nutrient-rich, and functional foods and supplements. Algae-based products, such as spirulina, chlorella, and seaweed, are recognized for their exceptional nutritional profile, including high protein content, essential vitamins, minerals, antioxidants, and omega-3 fatty acids. As consumers become aware of the specific health benefits associated with algae consumption, they are increasingly incorporating algae-based products into their diets.

Algae are often referred to as "superfoods" due to their exceptional nutrient density. They offer a wide range of essential nutrients that are beneficial for overall health and wellness. For example, spirulina is highly regarded for its high protein content and abundance of vitamins, minerals, and antioxidants. Chlorella is rich in chlorophyll, which supports detoxification and provides numerous health benefits. Seaweed varieties, such as nori and kelp, contain iodine, essential for thyroid function, and are also rich in minerals like calcium and magnesium. The growing awareness of these nutrient-rich profiles is driving consumers to incorporate algae-based products into their diets to enhance their nutritional intake.

Restraint:  Impact of climatic conditions on algae production

Algae growth is highly influenced by temperature and light conditions. Different algae species have specific temperature ranges and light requirements for optimal growth. Variations in climatic conditions, such as extreme temperatures or insufficient sunlight, can affect the growth and productivity of algae. If the climate does not provide the ideal conditions for algae cultivation, it can result in lower yields and slower growth rates, impacting the overall availability of algae biomass for commercial production. This limitation in supply can restrain the algae products market.

Climatic conditions can introduce environmental stressors that negatively impact algae growth and productivity. Extreme weather events like storms, hurricanes, or heatwaves can cause physical damage to algae cultivation systems, disrupt nutrient supply, and alter the balance of the ecosystem. Additionally, changes in climatic patterns, such as variations in rainfall patterns or increased frequency of temperature fluctuations, can create suboptimal conditions for algae growth. Algae may experience increased susceptibility to diseases, changes in metabolic activity, or reduced photosynthetic efficiency under these stressors, leading to lower biomass yields and inferior quality of algae products.

Opportunity: Growing demand in the pharmaceutical industry

Algae are rich in various bioactive compounds, including proteins, polysaccharides, pigments, fatty acids, and antioxidants. These components offer a wide range of nutritional and functional benefits that can be utilized in pharmaceutical formulations. For example, algae-derived proteins can serve as a source of amino acids for therapeutic protein production. Polysaccharides from algae can be used as excipients or drug delivery systems due to their unique physicochemical properties. Pigments such as chlorophyll and carotenoids have antioxidant properties that can be utilized for their potential health benefits. The diverse array of bioactive compounds present in algae opens up opportunities for the development of novel pharmaceutical products.

Algae produce a wide range of bioactive compounds that exhibit potential therapeutic properties. These compounds include antibacterial, antiviral, antifungal, anticancer, anti-inflammatory, and immunomodulatory agents. The pharmaceutical industry is exploring the use of algae-derived bioactive compounds for the development of new drugs and therapeutic agents. For example, compounds like fucoidan from brown algae, spirulina-derived phycocyanin, and microalgae-derived omega-3 fatty acids have shown promising effects in preclinical and clinical studies. These compounds have the potential to be developed into pharmaceutical products to address various health conditions.

Challenge: High production costs restricting the entry of smaller players

Algae cultivation requires specialized infrastructure and equipment, which can be expensive to set up. Depending on the cultivation method, large-scale algae production may require photobioreactors, raceway ponds, or closed bioreactors, all of which involve significant capital investment. Small players may find it challenging to finance the establishment of such infrastructure, limiting their entry into the market.

Algae cultivation requires a constant supply of light, which can be costly when artificial lighting is used. Even in outdoor cultivation systems, energy costs are incurred for aeration, mixing, and temperature control. The high energy requirements for maintaining optimal growth conditions add to the production costs. Small players may struggle to bear these energy costs, making it difficult for them to compete with larger, more established companies.

Algae Products Market Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers of algae products market. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include DSM (Netherlands), BASF SE (Germany), Corbion (Netherlands), E.I.D Parry (India), International Flavors & Fragrances Inc (US), Cynotech Corporation (US), Earthrise Nutritionals LLC (US),  CP Kelco U.S., Inc (US), Cargill, Incorporated (US), and Algea (Norway).

Algae Products Market Ecosystem

Based on type, lipids is estimated to account for the largest market share of the algae products market

Based on type, lipids segment is estimated to account for the largest market share. The presence of lipids in algae products allows for their incorporation into functional foods and nutraceuticals. Lipids provide a source of energy and enhance the absorption of fat-soluble vitamins and bioactive compounds. Algae-based lipid ingredients are used in the development of various products, including dietary supplements, protein bars, beverages, and fortified foods.

Blue green algae segment of the algae products market by source is projected to witness the highest CAGR during the forecast period.

Based on source, the blue green algae segment estimated to account for the highest growth rate. Blue-green algae are considered a valuable source of plant-based protein. They have a higher protein content compared to traditional plant sources, such as soybeans and wheat. The protein from blue-green algae is of high quality, containing all the essential amino acids required by the human body. This makes blue-green algae an attractive option for protein supplementation in the form of powders, protein bars, and beverages.

Based on end application, personal care segment is projected to witness the highest CAGR during the forecast period.

Algae extracts and compounds are known to possess various beneficial properties for skin and hair health. They are rich in vitamins, minerals, antioxidants, and bioactive compounds that nourish and protect the skin and hair. Algae-based ingredients are often used in skincare products, such as moisturizers, serums, masks, and cleansers, to provide hydration, improve skin elasticity, promote cell regeneration, and offer anti-aging effects. In hair care products, algae extracts can enhance hair strength, shine, and manageability.

The North America market is projected to contribute the largest share for the algae products market.

There is a growing awareness among consumers in North America regarding the health benefits and sustainability aspects of algae-based products. Consumers are becoming more conscious of their dietary choices and are actively seeking natural, plant-based alternatives for various applications. This awareness has resulted in a rising demand for algae-derived products, including food and beverages, dietary supplements, personal care items, and biofuels.

According to the CRN’s 2021 Consumer survey on Dietary supplements, showed that 80% of Americans are now using dietary supplements, an increase of 7% from 2020. Also the number of Americans viewing the dietary supplements industry as trustworthy has increased: 79% in 2021, compared to 74% in 2020. This leads to higher demand for algae-infused nutraceuticals in the country.

Algae Products Market by Region

Key Players in Algae products Market

The key players in this include DSM (Netherlands), BASF SE (Germany), Corbion (Netherlands), E.I.D Parry (India), International Flavors & Fragrances Inc (US), Cynotech Corporation (US), Earthrise Nutritionals LLC (US),  CP Kelco U.S., Inc (US), Cargill, Incorporated (US), and Algea (Norway).

Algae products Market Scope

Report Metric

Details

Market valuation in 2023

USD 5.3 Billion

Revenue prediction in 2028

USD 7.3 Billion

Progress rate

CAGR of 6.4%

Forecast period

2023–2028

Segments covered

Algae Products Market by Type (Lipids, Carotenoids, Carrageenan, Alginate, Algal Protein), Form (Liquid, Solid), Source (Brown Algae, Green Algae, Red Algae, Blue-green Algae), End Application and Region - Global Forecast to 2028

Regions covered

North America, Europe, Asia Pacific, South America, and RoW

Companies covered

DSM (Netherlands), BASF SE (Germany), Corbion (Netherlands), E.I.D Parry (India), International Flavors & Fragrances Inc (US), Cynotech Corporation (US), Earthrise Nutritionals LLC (US),  CP Kelco U.S., Inc (US), Cargill, Incorporated (US), and Algea (Norway)

Algae Products Market Segmentation

This research report categorizes the algae products market based on type, source, form, end application and region.

By Type
  • Lipids
  • Carrageenan     
  • Carotenoids      
  • Algal protein     
  • Alginate
By Source
  • Brown algae
  • Blue-green algae
  • Red algae
  • Green algae
By Form
  • Solid
  • Liquid
By End Application
  • Food & beverages
  • Nutraceuticals & dietary supplements
  • Feed
  • Personal care products
  • Pharmaceuticals
By Region
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Rest of the World (RoW)

These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Recent Developments

  • In 2021, Azelis was announced as CP Kelco’s exclusive distribution partner across numerous countries and market segments, including GENU Carrageenan product lines, along with others. This new distribution agreement with Azelis in EMEA Region enhanced the company's market and customer expertise to bring the best possible customer experiences and products.
  • In 2019, Corbion and Nestlé (Switzerland) entered into a joint development agreement to develop a next-generation platform of algae-based ingredients rich in protein and micronutrients. The agreement will combine Corbion’s microalgae and fermentation capabilities with Nestlé’s expertise in the development of plant-based products. The aim of the joint development agreement is to establish a platform for the production and commercialization of algae-based ingredients.
  • In 2019 , Solabia Group (France) acquired Algatech ltd. Solabia Group offers an extensive range of active principles and ingredients used throughout the world by the cosmetics, pharmaceutical, and food industries. The acquisition allowed the companies to benefit from an extended network and base of expertise, as well as new marketing channels and an expanded customer base.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 30)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
                    FIGURE 2 ALGAE PRODUCTS MARKET, BY REGION
    1.4 INCLUSIONS & EXCLUSIONS 
    1.5 YEARS CONSIDERED 
    1.6 CURRENCY CONSIDERED 
           TABLE 1 USD EXCHANGE RATES CONSIDERED, 2019–2022
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
           1.8.1 RECESSION IMPACT ANALYSIS
 
2 RESEARCH METHODOLOGY (Page No. - 36)
    2.1 RESEARCH DATA 
           FIGURE 3 MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key insights from industry experts
                    2.1.2.3 Breakdown of primary interviews
                               FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
           2.2.2 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
                    FIGURE 7 MARKET SIZE ESTIMATION (DEMAND SIDE)
                    FIGURE 8 MARKET SIZE ESTIMATION, BY TYPE (SUPPLY SIDE)
    2.3 DATA TRIANGULATION 
           FIGURE 9 DATA TRIANGULATION METHODOLOGY
    2.4 GROWTH RATE FORECAST 
    2.5 RESEARCH ASSUMPTIONS 
           FIGURE 10 RESEARCH ASSUMPTIONS
    2.6 LIMITATIONS AND ASSOCIATED RISKS 
           TABLE 2 LIMITATIONS AND ASSOCIATED RISKS
    2.7 RECESSION IMPACT ANALYSIS 
           2.7.1 RECESSION IMPACT ON ALGAE PRODUCTS MARKET
                    2.7.1.1 Macroindicators of recession
                               FIGURE 11 RECESSION INDICATORS AND THEIR IMPACT ON MARKET
                               FIGURE 12 GLOBAL MARKET: EARLIER FORECAST VS. RECESSION FORECAST
 
3 EXECUTIVE SUMMARY (Page No. - 49)
    TABLE 3 MARKET SNAPSHOT, 2023 VS. 2028 
    FIGURE 13 MARKET, BY TYPE, 2023 VS. 2028 (USD MILLION) 
    FIGURE 14 MARKET, BY FORM, 2023 VS. 2028 (USD MILLION) 
    FIGURE 15 MARKET, BY SOURCE, 2023 VS. 2028 (USD MILLION) 
    FIGURE 16 MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION) 
    FIGURE 17 MARKET SHARE, BY REGION, 2022 
 
4 PREMIUM INSIGHTS (Page No. - 55)
    4.1 ATTRACTIVE OPPORTUNITIES FOR COMPANIES IN MARKET 
           FIGURE 18 INCREASING AWARENESS OF HEALTH AND WELLNESS TO DRIVE MARKET GROWTH
    4.2 NORTH AMERICA: MARKET, BY TYPE AND COUNTRY 
           FIGURE 19 US ACCOUNTED FOR LARGEST SHARE, BY COUNTRY; LIPIDS DOMINATED, BY TYPE, IN 2022
    4.3 MARKET: REGIONAL SUBMARKETS 
           FIGURE 20 US ACCOUNTED FOR LARGEST MARKET SHARE, BY COUNTRY
    4.4 MARKET, BY SOURCE AND REGION 
           FIGURE 21 NORTH AMERICA TO DOMINATE MARKET, BY SOURCE, 2023 VS. 2028
    4.5 ALGAE PRODUCTS MARKET, BY FORM, 2023 VS. 2028 
           FIGURE 22 SOLID SEGMENT TO ACCOUNT FOR LARGER SHARE BY 2028
 
5 MARKET OVERVIEW (Page No. - 60)
    5.1 INTRODUCTION 
    5.2 MACROECONOMIC INDICATORS 
           5.2.1 INCREASING GLOBAL POPULATION
                    FIGURE 23 WORLD POPULATION, BY ECONOMY
                    FIGURE 24 WORLD POPULATION, 1950–2021
                    FIGURE 25 POPULATION GROWTH TREND, 1950–2050
           5.2.2 INNOVATIVE TECHNOLOGIES FOR EXTRACTION OF ALGAE
    5.3 MARKET DYNAMICS 
           FIGURE 26 MARKET DYNAMICS: MARKET
           5.3.1 DRIVERS
                    5.3.1.1 Growing consumer awareness regarding health benefits of Omega-3
                               TABLE 4 HEALTH BENEFITS ASSOCIATED WITH OMEGA-3 CONSUMPTION
                    5.3.1.2 Growing applications of algae products
                    5.3.1.3 Growing consumer awareness regarding health benefits of algae-based products
           5.3.2 RESTRAINTS
                    5.3.2.1 Lack of R&D activities in developing economies
                    5.3.2.2 Impact of climatic conditions on algae production
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Growing demand in pharmaceutical industry
                    5.3.3.2 Government and private initiatives supporting research & development in algaculture
                    5.3.3.3 Growth in demand for natural ingredients by consumers
           5.3.4 CHALLENGES
                    5.3.4.1 High production costs restricting entry of smaller players
                               FIGURE 27 OPERATING COST ALLOCATION FOR PHOTOBIOREACTORS (PBR)
                    5.3.4.2 Difficulties in meeting requisite quality standards
 
6 INDUSTRY TRENDS (Page No. - 74)
    6.1 INTRODUCTION 
    6.2 VALUE CHAIN ANALYSIS 
           6.2.1 RESEARCH & PRODUCT DEVELOPMENT AND REGISTRATION
           6.2.2 PROCESSING
           6.2.3 PACKAGING
           6.2.4 DISTRIBUTION AND MARKETING & SALES
                    FIGURE 28 ALGAE PRODUCTS MARKET: VALUE CHAIN
    6.3 TECHNOLOGY ANALYSIS 
           6.3.1 SEAWEED CAVITATION
           6.3.2 ADVANCED CENTRIFUGE TECHNOLOGY
           6.3.3 BOOM ALGAE FOR BREWING
    6.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 29 MARKET: TRENDS IMPACTING BUYERS
    6.5 PATENT ANALYSIS 
           FIGURE 30 PATENTS GRANTED FOR ALGAE PRODUCTS, 2012–2022
           FIGURE 31 REGIONAL ANALYSIS OF PATENTS GRANTED FOR ALGAE PRODUCTS, 2012–2022
           TABLE 5 KEY PATENTS PERTAINING TO ALGAE PRODUCTS, 2023
    6.6 MARKET MAP 
           6.6.1 RAW MATERIAL SUPPLIERS
           6.6.2 MANUFACTURERS
           6.6.3 REGULATORY BODIES
           6.6.4 END-USER COMPANIES
           6.6.5 STARTUPS/EMERGING COMPANIES
                    FIGURE 32 MARKET MAP
                    TABLE 6 MARKET: ECOSYSTEM
    6.7 TRADE SCENARIO 
           FIGURE 33 SEAWEED AND OTHER ALGAE PRODUCTS FIT FOR HUMAN CONSUMPTION: IMPORT VALUE, BY KEY COUNTRY, 2018–2022 (USD THOUSAND)
           TABLE 7 IMPORT DATA OF SEAWEED AND OTHER ALGAE PRODUCTS FIT FOR HUMAN CONSUMPTION, BY KEY COUNTRY, 2022 (VALUE)
           FIGURE 34 SEAWEED AND OTHER ALGAE PRODUCTS FIT FOR HUMAN CONSUMPTION: EXPORT VALUE, BY KEY COUNTRY, 2018–2022 (USD THOUSAND)
           TABLE 8 EXPORT DATA OF SEAWEED AND OTHER ALGAE PRODUCTS FIT FOR HUMAN CONSUMPTION, BY KEY COUNTRY, 2022 (VALUE)
    6.8 TARIFF AND REGULATORY LANDSCAPE 
           6.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 9 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 10 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 11 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           6.8.2 REGULATORY FRAMEWORK
                    6.8.2.1 North America
                               6.8.2.1.1 US
                    6.8.2.2 Europe
                               6.8.2.2.1 France
                    6.8.2.3 Asia Pacific
                               6.8.2.3.1 China
                               6.8.2.3.2 India
                    6.8.2.4 South America
                               6.8.2.4.1 Brazil
    6.9 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 13 ALGAE PRODUCTS MARKET: PORTER’S FIVE FORCES ANALYSIS
           6.9.1 DEGREE OF COMPETITION
           6.9.2 BARGAINING POWER OF SUPPLIERS
           6.9.3 BARGAINING POWER OF BUYERS
           6.9.4 THREAT OF SUBSTITUTES
           6.9.5 THREAT OF NEW ENTRANTS
    6.10 KEY STAKEHOLDERS & BUYING CRITERIA 
           6.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 35 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
                    TABLE 14 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
           6.10.2 BUYING CRITERIA
                    TABLE 15 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS
                    FIGURE 36 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS
    6.11 CASE STUDY ANALYSIS 
           6.11.1 MIALGAE: DEVELOPMENT OF NOVEL ALGAE PRODUCTION SYSTEM
           6.11.2 ALGAECYTES: ADOPTION OF PROPRIETARY ALGAE STRAINS FOR OMEGA-3 EXTRACTION
    6.12 KEY CONFERENCES & EVENTS IN 2023 
                    TABLE 16 MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2023
 
7 MARKET, BY SOURCE (Page No. - 93)
    7.1 INTRODUCTION 
           TABLE 17 CHARACTERISTICS OF DIFFERENT ALGAE, BY PHYLUM/CLASS
           FIGURE 37 MARKET, BY SOURCE, 2023 VS. 2028 (USD MILLION)
           TABLE 18 MARKET, BY SOURCE, 2018–2022 (USD MILLION)
           TABLE 19 MARKET, BY SOURCE, 2023–2028 (USD MILLION)
    7.2 BROWN ALGAE 
           7.2.1 GROWING USE OF BROWN ALGAE IN MANUFACTURING BIOPLASTICS TO DRIVE MARKET
           7.2.2 CAROTENOIDS: FUCOXANTHIN
           7.2.3 PHLOROTANNINS
                    TABLE 20 BROWN ALGAE: ALGAE PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 21 BROWN ALGAE: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.3 BLUE-GREEN ALGAE 
           7.3.1 FUNCTIONAL PROPERTIES OF BLUE-GREEN ALGAE TO SUPPORT GROWTH
                    TABLE 22 BLUE-GREEN ALGAE: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 23 BLUE-GREEN ALGAE: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.4 RED ALGAE 
           7.4.1 GROWING INDUSTRIAL APPLICATIONS OF CARRAGEENAN TO BOOST ADOPTION
           7.4.2 PORPHYRA SPP.
           7.4.3 PALMARIA PALMATA
                    TABLE 24 RED ALGAE: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 25 RED ALGAE: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.5 GREEN ALGAE 
           7.5.1 GROWING CONSUMPTION OF OMEGA-3 TO BOOST MARKET FOR GREEN ALGAE
                    TABLE 26 GREEN ALGAE: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 27 GREEN ALGAE: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.6 OTHER SOURCES 
           TABLE 28 OTHER SOURCES: MARKET, BY REGION, 2018–2022 (USD MILLION)
           TABLE 29 OTHER SOURCES: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
8 MARKET, BY FORM (Page No. - 104)
    8.1 INTRODUCTION 
           TABLE 30 MARKET, BY FORM, 2018–2022 (USD MILLION)
           TABLE 31 MARKET, BY FORM, 2023–2028 (USD MILLION)
           FIGURE 38 MARKET, BY FORM, 2023 VS. 2028 (USD MILLION)
    8.2 SOLID 
           8.2.1 VERSATILITY OF SOLID ALGAE PRODUCTS TO DRIVE MARKET GROWTH
                    TABLE 32 SOLID: ALGAE PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 33 SOLID: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.3 LIQUID 
           8.3.1 GROWING APPLICATIONS IN PHARMACEUTICALS TO BOOST DEMAND FOR LIQUID ALGAE PRODUCTS
                    TABLE 34 LIQUID: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 35 LIQUID: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
9 MARKET, BY TYPE (Page No. - 110)
    9.1 INTRODUCTION 
           FIGURE 39 MARKET, BY TYPE, 2023 VS. 2028 (USD MILLION)
           TABLE 36 MARKET, BY TYPE, 2018–2022 (USD MILLION)
           TABLE 37 MARKET, BY TYPE, 2023–2028 (USD MILLION)
    9.2 LIPIDS 
           9.2.1 GROWING USE OF LIPIDS SOURCED FROM ALGAE AS ALTERNATIVES TO FISH OIL TO BOOST MARKET
                    TABLE 38 LIPIDS: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 39 LIPIDS: MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.3 CARRAGEENANS 
           9.3.1 EXTENSIVE APPLICATIONS OF CARRAGEENANS IN PHARMACEUTICAL AND FOOD & BEVERAGE SECTORS TO FUEL ADOPTION
                    TABLE 40 CARRAGEENANS: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 41 CARRAGEENANS: MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.4 CAROTENOIDS 
           9.4.1 GROWING DEMAND FOR NATURAL CAROTENOIDS TO SUPPORT GROWTH
                    TABLE 42 CAROTENOIDS: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 43 CAROTENOIDS: MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.5 ALGAL PROTEINS 
           9.5.1 GROWING DEMAND FOR ALGAL PROTEINS IN NUTRACEUTICAL INDUSTRY TO FAVOR MARKET GROWTH
                    TABLE 44 ALGAL PROTEINS: ALGAE PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 45 ALGAL PROTEINS: MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.6 ALGINATES 
           9.6.1 GROWING USE OF ALGINATES AS BLENDING AGENTS IN FOOD & BEVERAGE PRODUCTS TO BOOST MARKET
                    TABLE 46 ALGINATES: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 47 ALGINATES: MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.7 OTHER ALGAE PRODUCTS 
           TABLE 48 OTHER ALGAE PRODUCTS: MARKET, BY REGION, 2018–2022 (USD MILLION)
           TABLE 49 OTHER ALGAE PRODUCTS: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
10 MARKET, BY APPLICATION (Page No. - 121)
     10.1 INTRODUCTION 
               FIGURE 40 MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION)
               TABLE 50 MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
               TABLE 51 MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
     10.2 FOOD & BEVERAGES 
             10.2.1 GROWING DEMAND FOR ALTERNATE PLANT PROTEIN SOURCES TO BOOST DEMAND FOR ALGAE PRODUCTS
                       TABLE 52 FOOD & BEVERAGES: MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 53 FOOD & BEVERAGES: MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.3 NUTRACEUTICALS & DIETARY SUPPLEMENTS 
             10.3.1 GROWING POPULARITY OF ALGAE-BASED OMEGA-3 SUPPLEMENTS TO CONTRIBUTE TO GROWTH
                       TABLE 54 NUTRACEUTICALS & DIETARY SUPPLEMENTS: MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 55 NUTRACEUTICALS & DIETARY SUPPLEMENTS: MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.4 ANIMAL FEED 
             10.4.1 ABILITY OF ALGAE-BASED ANIMAL FEED TO DELIVER ESSENTIAL MINERALS AND BOOST IMMUNITY TO SUPPORT GROWTH
                       TABLE 56 ANIMAL FEED: ALGAE PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 57 ANIMAL FEED: MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.5 PERSONAL CARE PRODUCTS 
             10.5.1 ANTI-INFLAMMATORY PROPERTIES OF ALGAE TO DRIVE GROWTH IN MARKET SEGMENT
                       TABLE 58 PERSONAL CARE PRODUCTS: MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 59 PERSONAL CARE PRODUCTS: MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.6 PHARMACEUTICALS 
             10.6.1 ANTIBIOTIC PROPERTIES OF ALGAE PRODUCTS TO FUEL DEMAND
                       TABLE 60 PHARMACEUTICALS: MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 61 PHARMACEUTICALS: MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.7 OTHER APPLICATIONS 
               TABLE 62 OTHER APPLICATIONS: MARKET, BY REGION, 2018–2022 (USD MILLION)
               TABLE 63 OTHER APPLICATIONS: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
11 MARKET, BY REGION (Page No. - 134)
     11.1 INTRODUCTION 
               FIGURE 41 INDIA TO RECORD SIGNIFICANT GROWTH DURING FORECAST PERIOD
               TABLE 64 MARKET, BY REGION, 2018–2022 (USD MILLION)
               TABLE 65 MARKET, BY REGION, 2023–2028 (USD MILLION)
     11.2 NORTH AMERICA 
             11.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS
                       FIGURE 42 NORTH AMERICAN MARKET: RECESSION IMPACT ANALYSIS
                       FIGURE 43 NORTH AMERICA: MARKET SNAPSHOT
                       TABLE 66 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 67 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       TABLE 68 NORTH AMERICA: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                       TABLE 69 NORTH AMERICA: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 70 NORTH AMERICA: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                       TABLE 71 NORTH AMERICA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                       TABLE 72 NORTH AMERICA: MARKET, BY FORM, 2018–2022 (USD MILLION)
                       TABLE 73 NORTH AMERICA: MARKET, BY FORM, 2023–2028 (USD MILLION)
                       TABLE 74 NORTH AMERICA: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 75 NORTH AMERICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.2.2 US
                       11.2.2.1 Rising applications of algae products in food & beverages, nutraceuticals, and personal care products to boost market
                                   TABLE 76 US: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 77 US: MARKET, BY TYPE, 2023–2028 (USD MILLION)
             11.2.3 CANADA
                       11.2.3.1 Rising preference for plant-based alternatives to favor market growth
                                   TABLE 78 CANADA: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 79 CANADA: MARKET, BY TYPE, 2023–2028 (USD MILLION)
             11.2.4 MEXICO
                       11.2.4.1 Dietary concerns to boost demand for algae products
                                   TABLE 80 MEXICO: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 81 MEXICO: MARKET, BY TYPE, 2023–2028 (USD MILLION)
     11.3 EUROPE 
             11.3.1 EUROPE: RECESSION IMPACT ANALYSIS
                       FIGURE 44 EUROPEAN MARKET: RECESSION IMPACT ANALYSIS
                       TABLE 82 EUROPE: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 83 EUROPE: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       TABLE 84 EUROPE: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                       TABLE 85 EUROPE: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 86 EUROPE: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                       TABLE 87 EUROPE: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                       TABLE 88 EUROPE: MARKET, BY FORM, 2018–2022 (USD MILLION)
                       TABLE 89 EUROPE: MARKET, BY FORM, 2023–2028 (USD MILLION)
                       TABLE 90 EUROPE: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 91 EUROPE: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.3.2 GERMANY
                       11.3.2.1 Growing demand for algae products for sports nutrition and animal feed to fuel growth
                                   TABLE 92 GERMANY: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 93 GERMANY: MARKET, BY TYPE, 2023–2028 (USD MILLION)
             11.3.3 FRANCE
                       11.3.3.1 Reliance on algae imports to drive market for local algae products
                                   TABLE 94 FRANCE: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 95 FRANCE: MARKET, BY TYPE, 2023–2028 (USD MILLION)
             11.3.4 SPAIN
                       11.3.4.1 Food & beverage industry to provide growth opportunities for algae products
                                   TABLE 96 SPAIN: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 97 SPAIN: MARKET, BY TYPE, 2023–2028 (USD MILLION)
             11.3.5 UK
                       11.3.5.1 Growing awareness about algae products to drive market growth
                                   TABLE 98 UK: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 99 UK: MARKET, BY TYPE, 2023–2028 (USD MILLION)
             11.3.6 ITALY
                       11.3.6.1 Increasing investments and expansions by market players to support growth
                                   TABLE 100 ITALY: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 101 ITALY: MARKET, BY TYPE, 2023–2028 (USD MILLION)
             11.3.7 REST OF EUROPE
                       TABLE 102 REST OF EUROPE: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                       TABLE 103 REST OF EUROPE: MARKET, BY TYPE, 2023–2028 (USD MILLION)
     11.4 ASIA PACIFIC 
             11.4.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS
                       FIGURE 45 ASIA PACIFIC MARKET: RECESSION IMPACT ANALYSIS
                       FIGURE 46 ASIA PACIFIC:MARKET SNAPSHOT
                       TABLE 104 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 105 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       TABLE 106 ASIA PACIFIC: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                       TABLE 107 ASIA PACIFIC: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 108 ASIA PACIFIC: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                       TABLE 109 ASIA PACIFIC: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                       TABLE 110 ASIA PACIFIC: MARKET, BY FORM, 2018–2022 (USD MILLION)
                       TABLE 111 ASIA PACIFIC: MARKET, BY FORM, 2023–2028 (USD MILLION)
                       TABLE 112 ASIA PACIFIC: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 113 ASIA PACIFIC: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.4.2 CHINA
                       11.4.2.1 Use of algae in personal care to drive market in China
                                   TABLE 114 CHINA: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 115 CHINA: MARKET, BY TYPE, 2023–2028 (USD MILLION)
             11.4.3 JAPAN
                       11.4.3.1 Growing use of organic products to propel market growth
                                   TABLE 116 JAPAN: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 117 JAPAN: MARKET, BY TYPE, 2023–2028 (USD MILLION)
             11.4.4 INDIA
                       11.4.4.1 Presence of key market players to strengthen algae products market in country
                                   TABLE 118 INDIA: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 119 INDIA: MARKET, BY TYPE, 2023–2028 (USD MILLION)
             11.4.5 AUSTRALIA & NEW ZEALAND
                       11.4.5.1 Rising awareness and growth of aquaculture industry to drive demand for algae products
                                   TABLE 120 AUSTRALIA & NEW ZEALAND: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 121 AUSTRALIA & NEW ZEALAND: MARKET, BY TYPE, 2023–2028 (USD MILLION)
             11.4.6 REST OF ASIA PACIFIC
                       TABLE 122 REST OF ASIA PACIFIC: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                       TABLE 123 REST OF ASIA PACIFIC: MARKET, BY TYPE, 2023–2028 (USD MILLION)
     11.5 SOUTH AMERICA 
             11.5.1 SOUTH AMERICA: RECESSION IMPACT ANALYSIS
                       FIGURE 47 SOUTH AMERICAN MARKET: RECESSION IMPACT ANALYSIS
                       TABLE 124 SOUTH AMERICA: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 125 SOUTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       TABLE 126 SOUTH AMERICA: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                       TABLE 127 SOUTH AMERICA: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 128 SOUTH AMERICA: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                       TABLE 129 SOUTH AMERICA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                       TABLE 130 SOUTH AMERICA: MARKET, BY FORM, 2018–2022 (USD MILLION)
                       TABLE 131 SOUTH AMERICA: MARKET, BY FORM, 2023–2028 (USD MILLION)
                       TABLE 132 SOUTH AMERICA: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 133 SOUTH AMERICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.5.2 BRAZIL
                       11.5.2.1 Rising per capita income to fuel demand for quality algae products
                                   TABLE 134 BRAZIL: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 135 BRAZIL: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   11.5.3 ARGENTINA
                       11.5.3.1 Increasing preference for vegan diets to provide growth avenues
                                   TABLE 136 ARGENTINA: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 137 ARGENTINA: MARKET, BY TYPE, 2023–2028 (USD MILLION)
             11.5.4 REST OF SOUTH AMERICA
                       TABLE 138 REST OF SOUTH AMERICA: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                       TABLE 139 REST OF SOUTH AMERICA: MARKET, BY TYPE, 2023–2028 (USD MILLION)
     11.6 REST OF THE WORLD 
             11.6.1 REST OF THE WORLD: RECESSION IMPACT ANALYSIS
                       FIGURE 48 REST OF THE WORLD MARKET: RECESSION IMPACT ANALYSIS
                       TABLE 140 REST OF THE WORLD: MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 141 REST OF THE WORLD: MARKET, BY REGION, 2023–2028 (USD MILLION)
                       TABLE 142 REST OF THE WORLD: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                       TABLE 143 REST OF THE WORLD: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 144 REST OF THE WORLD: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                       TABLE 145 REST OF THE WORLD: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                       TABLE 146 REST OF THE WORLD: MARKET, BY FORM, 2018–2022 (USD MILLION)
                       TABLE 147 REST OF THE WORLD: MARKET, BY FORM, 2023–2028 (USD MILLION)
                       TABLE 148 REST OF THE WORLD: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 149 REST OF THE WORLD: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.6.2 AFRICA
                       11.6.2.1 High prevalence of malnutrition to boost demand for algae products
                                   TABLE 150 AFRICA: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 151 AFRICA: MARKET, BY TYPE, 2023–2028 (USD MILLION)
             11.6.3 MIDDLE EAST
                       11.6.3.1 Growing demand for algae products from nutraceutical sector to boost growth
                                   TABLE 152 MIDDLE EAST: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 153 MIDDLE EAST: MARKET, BY TYPE, 2023–2028 (USD MILLION)
 
12 COMPETITIVE LANDSCAPE (Page No. - 189)
     12.1 OVERVIEW 
     12.2 MARKET SHARE ANALYSIS, 2022 
               TABLE 154 MARKET: DEGREE OF COMPETITION
     12.3 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS 
               FIGURE 49 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 (USD BILLION)
     12.4 STRATEGIES ADOPTED BY KEY PLAYERS 
               TABLE 155 STRATEGIES ADOPTED BY KEY ALGAE PRODUCTS MANUFACTURERS
     12.5 COMPANY EVALUATION QUADRANT FOR KEY PLAYERS 
             12.5.1 STARS
             12.5.2 EMERGING LEADERS
             12.5.3 PERVASIVE PLAYERS
             12.5.4 PARTICIPANTS
                       FIGURE 50 ALGAE PRODUCTS MARKET: COMPANY EVALUATION QUADRANT, 2022 (KEY PLAYERS)
             12.5.5 COMPANY FOOTPRINT
                       TABLE 156 COMPANY FOOTPRINT, BY TYPE
                       TABLE 157 COMPANY FOOTPRINT, BY APPLICATION
                       TABLE 158 COMPANY FOOTPRINT, BY REGION
                       TABLE 159 OVERALL COMPANY FOOTPRINT
     12.6 COMPANY EVALUATION QUADRANT FOR STARTUPS/SMES 
             12.6.1 PROGRESSIVE COMPANIES
             12.6.2 STARTING BLOCKS
             12.6.3 RESPONSIVE COMPANIES
             12.6.4 DYNAMIC COMPANIES
                       FIGURE 51 MARKET: COMPANY EVALUATION QUADRANT, 2022 (STARTUPS/SMES)
             12.6.5 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
                       TABLE 160 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
                       TABLE 161 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     12.7 COMPETITIVE SCENARIO 
             12.7.1 PRODUCT LAUNCHES
                       TABLE 162 MARKET: NEW PRODUCT LAUNCHES, 2020–2022
             12.7.2 DEALS
                       TABLE 163 ALGAE PRODUCTS MARKET: DEALS, 2019–2021
 
13 COMPANY PROFILES (Page No. - 204)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
     13.1 KEY PLAYERS 
             13.1.1 DSM
                       TABLE 164 DSM: BUSINESS OVERVIEW
                       FIGURE 52 DSM: COMPANY SNAPSHOT (2022)
                       TABLE 165 DSM: PRODUCTS OFFERED
             13.1.2 BASF SE
                       TABLE 166 BASF SE: BUSINESS OVERVIEW
                       FIGURE 53 BASF SE: COMPANY SNAPSHOT (2022)
                       TABLE 167 BASF SE: PRODUCTS OFFERED
             13.1.3 CYANOTECH CORPORATION
                       TABLE 168 CYANOTECH CORPORATION: BUSINESS OVERVIEW
                       FIGURE 54 CYANOTECH CORPORATION: COMPANY SNAPSHOT (2022)
                       TABLE 169 CYANOTECH CORPORATION: PRODUCTS OFFERED
                       TABLE 170 CYANOTECH CORPORATION: PRODUCT LAUNCHES
             13.1.4 CARGILL, INCORPORATED
                       TABLE 171 CARGILL, INCORPORATED: BUSINESS OVERVIEW
                       FIGURE 55 CARGILL, INCORPORATED: COMPANY SNAPSHOT (2022)
                       TABLE 172 CARGILL, INCORPORATED: PRODUCTS OFFERED
                       TABLE 173 CARGILL, INCORPORATED: PRODUCT LAUNCHES
             13.1.5 CP KELCO U.S., INC.
                       TABLE 174 CP KELCO U.S., INC.: BUSINESS OVERVIEW
                       TABLE 175 CP KELCO U.S., INC.: PRODUCTS OFFERED
                       TABLE 176 CP KELCO U.S., INC.: PRODUCT LAUNCHES
                       TABLE 177 CP KELCO U.S., INC.: DEALS
             13.1.6 INTERNATIONAL FLAVORS & FRAGRANCES INC.
                       TABLE 178 INTERNATIONAL FLAVORS & FRAGRANCES INC.: BUSINESS OVERVIEW
                       FIGURE 56 INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT (2022)
                       TABLE 179 INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCTS OFFERED
             13.1.7 CORBION
                       TABLE 180 CORBION: ALGAE PRODUCTS MARKET BUSINESS OVERVIEW
                       FIGURE 57 CORBION: COMPANY SNAPSHOT (2022)
                       TABLE 181 CORBION: PRODUCTS OFFERED
                       TABLE 182 CORBION: DEALS
             13.1.8 EARTHRISE NUTRITIONALS LLC
                       TABLE 183 EARTHRISE NUTRITIONALS LLC: BUSINESS OVERVIEW
                       TABLE 184 EARTHRISE NUTRITIONALS LLC: PRODUCTS OFFERED
             13.1.9 E.I.D. PARRY
                       TABLE 185 E.I.D. PARRY: BUSINESS OVERVIEW
                       FIGURE 58 E.I.D. PARRY: COMPANY SNAPSHOT (2022)
                       TABLE 186 E.I.D. PARRY: PRODUCTS OFFERED
             13.1.10 ALGEA
                       TABLE 187 ALGEA: BUSINESS OVERVIEW
                       TABLE 188 ALGEA: PRODUCTS OFFERED
     13.2 OTHER PLAYERS 
             13.2.1 ALGATECH LTD.
                       TABLE 189 ALGATECH LTD.: BUSINESS OVERVIEW
                       TABLE 190 ALGATECH LTD.: PRODUCTS OFFERED
                       TABLE 191 ALGATECH LTD.: DEALS
             13.2.2 SPIRA INC.
                       TABLE 192 SPIRA INC.: BUSINESS OVERVIEW
                       TABLE 193 SPIRA INC: PRODUCTS OFFERED
             13.2.3 ALGENOL
                       TABLE 194 ALGENOL: BUSINESS OVERVIEW
                       TABLE 195 ALGENOL: PRODUCTS OFFERED
             13.2.4 CELLANA INC.
                       TABLE 196 CELLANA INC.: BUSINESS OVERVIEW
                       TABLE 197 CELLANA INC.: PRODUCTS OFFERED
             13.2.5 FENCHEM
                       TABLE 198 FENCHEM: ALGAE PRODUCTS MARKET BUSINESS OVERVIEW
                       TABLE 199 FENCHEM: PRODUCTS OFFERED
             13.2.6 TBK MANUFACTURING CORPORATION
             13.2.7 KARAGEN INDONESIA, CV
             13.2.8 ASTAREAL AB
             13.2.9 AMJ HYDROCOLLOIDS
             13.2.10 TRITON ALGAE INNOVATIONS
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
 
14 ADJACENT & RELATED MARKETS (Page No. - 242)
     14.1 INTRODUCTION 
     14.2 LIMITATIONS 
     14.3 SEAWEED PROTEINS MARKET 
             14.3.1 MARKET DEFINITION
             14.3.2 MARKET OVERVIEW
             14.3.3 SEAWEED PROTEINS MARKET, BY APPLICATION
                       14.3.3.1 Introduction
                                   TABLE 200 SEAWEED PROTEINS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                                   TABLE 201 SEAWEED PROTEINS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                                   TABLE 202 SEAWEED PROTEINS MARKET, BY APPLICATION, 2018–2021 (KT)
                                   TABLE 203 SEAWEED PROTEINS MARKET, BY APPLICATION, 2022–2027 (KT)
             14.3.4 SEAWEED PROTEINS MARKET, BY REGION
                       14.3.4.1 Introduction
                                   TABLE 204 SEAWEED PROTEINS MARKET, BY REGION, 2018–2021 (USD MILLION)
                                   TABLE 205 SEAWEED PROTEINS MARKET, BY REGION, 2022–2027 (USD MILLION)
                                   TABLE 206 SEAWEED PROTEINS MARKET, BY REGION, 2018–2021 (KT)
                                   TABLE 207 SEAWEED PROTEINS MARKET, BY REGION, 2022–2027 (KT)
     14.4 CAROTENOIDS MARKET 
             14.4.1 MARKET DEFINITION
             14.4.2 MARKET OVERVIEW
             14.4.3 CAROTENOIDS MARKET, BY TYPE
                       14.4.3.1 Introduction
                                   TABLE 208 CAROTENOIDS MARKET, BY TYPE, 2017–2026 (USD MILLION)
                                   TABLE 209 CAROTENOIDS MARKET, BY TYPE, 2017–2026 (TON)
             14.4.4 CAROTENOIDS MARKET, BY REGION
                       14.4.4.1 Introduction
                                   TABLE 210 CAROTENOIDS MARKET, BY REGION, 2017–2026 (USD MILLION)
                                   TABLE 211 CAROTENOIDS MARKET, BY REGION, 2017–2026 (TON)
 
15 APPENDIX (Page No. - 251)
     15.1 DISCUSSION GUIDE 
     15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.3 CUSTOMIZATION OPTIONS 
     15.4 RELATED REPORTS 
     15.5 AUTHOR DETAILS 

The study involved four major activities in estimating the algae products market size. Exhaustive secondary research was conducted to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, were referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold & silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The algae products market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of the market is characterized by the presence of manufacturing companies and government organizations, service providing company officials, government and research organizations, and research officers. The supply side is characterized by the presence of key CEOs and vice presidents, marketing directors, product innovation directors and related key executives from manufacturing companies and organizations operating in the market, and manufacturing and marketing companies. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Given below is the breakdown of the primary respondents:

Algae Products Market Primary Participants

To know about the assumptions considered for the study, download the pdf brochure

Algae Products Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the algae products market. These approaches were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details:

  • The key players were identified through extensive secondary research.
  • The COVID-19 impact on market size of algae products was determined through primary and secondary research.
  • All percentage share splits and breakdowns were determined using secondary sources and verified through primary sources.
  • All the possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

Data Triangulation

After arriving at the overall market size from the estimation process described above, the total market was split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size was validated using both top-down and bottom-up approaches. It was then verified through primary interviews. Hence, three approaches were adopted—top-down approach, bottom-up approach, and the one involving expert interviews. Only when the values arrived at from the three points match, the data is assumed to be correct.

Algae Products Market Report Objectives

  • Determining and projecting the size of the market, with respect to type, application, form, source, and regional markets, over a period, ranging from 2021 to 2026.
  • Identifying the attractive opportunities in the market by determining the largest and fastest-growing segments across regions.
  • Providing detailed information about the impact of COVID-19 on algae products supply chain and its impact on various stakeholders such as suppliers, manufacturers, and retailers across the supply chain.
  • Providing detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • Analyzing the micro markets, with respect to individual growth trends, prospects, and their contribution to the total market
  • Identifying and profiling the key players in the algae products market and impact of COVID-19 on the key vendors.
  • Providing a comparative analysis of market leaders on the basis of the following:
    • Product offerings
    • Business strategies
    • Strengths and weaknesses
  • Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions.
  • Analyzing the value chain and products offered across key regions and their impact on the growth of the prominent market players
  • Providing insights on key product innovations and investments in the market.

Available Customizations

Geographical Analysis

  • Further breakdown of the Rest of Europe algae products market, by key country
  • Further breakdown of the Rest of Asia Pacific market, by key country

Segmentation Analysis

  • Market segmentation analysis of other types of algae products
  • Market segmentation by other applications

Company Information

  • Analyses and profiling of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
FB 6208
Published ON
Jun, 2023
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