Pune, India -- (SBWIRE) -- 08/20/2018 -- Global Algae Products Market report provides Emerging Market trends, Manufacturer Share, Market Segmentation, regional outlook and comprehensive analysis on different market segments.

In, July, 2013, BASF SE and National Prawn Company (Saudi Arabia) had signed an agreement on collaboration in the field of algae technology.

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Algae are commonly used in algae products comprising seaweed, kelp and chlorella. Algae products have high protein and contain essential amino acid, which helps in boosting human metabolic process like enzyme production. It also has high content of omega 3 and 6 acids. Algae Products have wide application in pharmaceutical, food supplement manufacturers and nutraceuticals industry.

According to ACS Chemical Neuroscience, in 2016, the U.S., global pharmaceutical industry was stated to be USD 446 Billion alone. As per Statista, the pharmaceutical sector will grow by 160% between 2017 and 2030 and by 232% in India which will be known to be the biggest growth. Thus, it shows the pharmaceutical industry is growing and will derive the demand of algae products.

Market Analysis:

The global algae products market is expected to reach USD 5.60 billion by 2025, from USD 3.72 billion in 2017 growing at a CAGR of 5.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Major players in the market are

Stärke GmbH, Sms Corporation Co. Ltd, Global Bio-Chem Technology Group Company Limited, SPAC STARCH PRODUCTS (INDIA) LTD., Qingdao Cbh Co., Ltd., Beneo-Remy N.V., China Essence Group Ltd, Samyang Genex Corp, Ulrick & Short Ltd., Grain Processing Corporation, Roquette Frères, Siam Modified Starch Co. Ltd., Algatechnologies, CP Kelco and other.

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Key Insights in the report:

- Historical and current market size and projection up to 2025.
- Market trends impacting the growth of the global algae products market.
- Analyze and forecast algae products market on the basis of type, source, form and application.
- Trends of key regional and country-level markets for type, source, form and application.
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.

Global Algae Products Market Segmentation:

By Type
- Lipids
- Carrageenan
- Carotenoids
- Algal Protein
- Alginate
- Others

By Source
- Brown Algae
- Blue-Green Algae
- Red Algae
- Green Algae
- Others

By Form
- Solid
- Liquid

By Application
- Food & Beverages
- Nutraceuticals & Dietary Supplements
- Feed
- Personal Care Products
- Pharmaceuticals
- Others

By Geography
- North America
- Europe
- Asia-Pacific
- South America

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