Los Angeles, CA -- (SBWIRE) -- 05/15/2019 -- Algae products are simple plants that can range from the microscopic (microalgae), to large seaweeds (macroalgae), such as giant kelp more than one hundred feet in length.

Algae products can be grown using water resources such as brackish-, sea-, and wastewater unsuitable for cultivating agricultural crops. When using wastewater, such as municipal, animal and even some industrial runoff, they can help in its treatment and purification, while benefiting from using the nutrients present.

Algae products refer to simple plants that can range from the microscopic (microalgae), to large seaweeds (macroalgae), such as giant kelp more than one hundred feet in length. Algae products could be classified as eucheuma, laminaria japonica, gracilaria, undaria pinnatifida, porphyra and others, and mainly be applied in animal & aquaculture feed, biofuels & bioenergy, food, chemicals and others. At present, food industry is largest consumer of algae products, which occupied 33.60% market share in 2017.

The algae products industry is developing fast in last five years. The global production increased from 24580.7 K MT in 2013 to 28073.1 K MT in 2017, with the CAGR of 3.38%.

For aquaculture environment factor, this industry is distributed around coastline. As a result, China is the largest production base. As for the consumption region, China is also the largest consumer of algae products. In 2017, China consumed 11338.0 K MT algae products. Indonesia is the follower with about 20% consumption share.

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The global revenue of algae products was valued at 6594.03 million USD in 2017, increase from 6387.42 million USD in 2013. Currently, as the downstream demand is rising, algae products are developing in steady growth.

The global Algae Products market was xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025.

This report studies the Algae Products market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Algae Products in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

Weihai Shidai Marine Biotechnology

Shandong Lidao Oceanic Technology

Fujian Lianjiang Tianyuan Aquatic

Xunshan Group

Qingdao Gather Great Ocean Algae

Fujian Yiyuan Sea Food Company

Fujian Huangqiwan Sea Food Biotechnology

Rongcheng Lidao Chenfenzhuang Hongqiang Kelp Factory

Rongcheng Lidao Chenfenzhuang Weijian Kelp Factory

Rongcheng Yandunjiao Aquatic Company

Shandong Gaolv Aquatic Company

Shandong Haizhibao Technology

Matsumaeya

Shemberg

Karagen Indonesia

MCPI

By the product type, the market is primarily split into

Eucheuma

Laminaria Japonica

Gracilaria

Porphyra

Undaria Pinnatifida

Others

By the end users/application, this report covers the following segments

Animal & Aquaculture Feed

Biofuels & Bioenergy

Food

Chemicals

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