New York, NY -- (SBWIRE) -- 03/11/2020 -- Algae are aquatic organisms which have the capability to conduct photosynthesis. Algal extracts are commonly used in preparing foods and other products. Also direct consumption of algae has been existed for centuries in the diets of East Asian and Pacific Island cultures. Algae, as processed and unprocessed food, have a significant annual commercial value. Market Industry Reports (MIR) has published a new report titled "Algae Products Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030." According to the report, the Global Algae Products Market is estimated to be over US$ 4.1 billion in 2019. It is anticipated to grow at a 5.2% of CAGR from 2019 to 2030.

The boom in the algae products market is attributed to the factors such as benefits of algae over the conventional crops such as fast growth of algae helps in extraction of more yields of proteins and oils. Thus, algae are harvested and used in nutrition Worldwide. For instance, dried Spirulina biomass contains about 68% of biomass present proteins, which is a threefold higher content than in beef. Also, algae has high fiber contents, thus agar, alginates and carrageenans are economically the most important products from algae, which are widely used in the food industry as gelling or thickening agents in marmalade, ice-creams, jellies, etc. Algae also has high source of vitamins and minerals, and are used in nutritional supplements. Rising demand for fuel in everyday use, is giving rise to need for developing renewable energy source, algal biomass is used in the biofuel production owing to the benefits of algae such as ability to grow throughout the year with minimum use of water and no requirement of pesticides and fertilizers.

Major Key Players of the Algae Products Market are:
DSM, BASF, Cyanotech Corporation, Cargill, Dowdupont, Kerry, Ingredion, CP Kelco, Corbion, Roquette Frères and others.

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Other factors such as algae products are used in animal feed industry as consist of high mineral additives. Algae also act natural colorants and are used in food industry. For instance, chlorophyll used as a natural colorant is obtained from spinach with the content of approximately 0.06 mg/g, whereas the Spirulina sp. biomass contains 1.15 mg/g of chlorophyll. These factors are positively impacting the growth of the algae products market.

However, factors impacting negatively to the growth of market are health problems caused by the consumption of the algal products such as gastrointestinal, abdominal, nausea problems and many others.

Major Types of Algae Products Market covered are:
Spirulina
Chlorella
Astaxanthin
Beta Carotene, and Hydrocolloids

Major Applications of Algae Products Market covered are:
Food & Beverages
Nutraceticals & Dietary Supplements
Personal Care
Feed
Pharmaceuticals
Chemicals, and Fuel

Research objectives:-

– To study and analyze the global Algae Products consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Algae Products market by identifying its various sub-segments.
– Focuses on the key global Algae Products manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Algae Products with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Table of Content

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Algae Products Market Size
2.2 Algae Products Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Algae Products Market Size by Manufacturers
3.2 Algae Products Key Players Head office and Area Served
3.3 Key Players Algae Products Product/Solution/Service
3.4 Date of Enter into Algae Products Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Algae Products Sales by Product
4.2 Global Algae Products Revenue by Product
4.3 Algae Products Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Algae Products Breakdown Data by End User

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In the end, Algae Products industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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