Pune, Maharashtra -- (SBWire) -- 04/26/2019 --Algae Supplements Market – Competitive Landscape
In 2018, Nature's Way signed a definitive agreement with Natural Products Canada, to collectively tap opportunities in Canada for sales of innovative, natural health-benefitting products. This partnership is aimed at meeting consumer demand for natural products, a category that is witnessing robust demand in the region. These two companies will invest in the pre-mature Canadian companies offering natural products, including nutritional supplements, dietary ingredients, and functional foods.
In 2016, Parry Nutraceuticals, a division of the E.I.D. - Parry (India) Limited, received the approval from US FDA for its India-based facility for microalgae cultivation & processing. Parry Nutraceuticals also confirmed that it is raising the bar of its product development efforts with an objective of meeting the consumer demand for value-added microalgae-based products.
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In 2018, AlgaEnergy- a leading player in the algae supplements market and Yokogawa Electric Corporation made an official announcement of a strategic partnership and equity participation agreement among the parties. The strategic agreement encompasses an investment of approximately 10 million euro by Yokogawa, with an objective to acquire the newly issued shares of AlgaEnergy, thereby making the company a reference shareholder.
Cyanotech Corporation
Founded in 1983, the Cyanotech Corporation is headquartered in Kailua-Kona, Hawaii. The company actively engages in the cultivation, followed by development and sales, of natural solutions derived from microalgae meant for nutrition. The company is chiefly focused on development of Spirulina- and Astaxanthin- associated products.
Key players operating in the algae supplements market, as profiled in the report, include Fuqing King Dnarmsa Spirulina Co.,Ltd., DIC Corporation, Vitamin Discount Center, Herbal Terra, LLC, Algae Health Science, Kent BioEnergy Corporation, Algae Health Science, Holistic Herbal Solutions, LLC Pharmavite LLC, Taau Australia Pty Ltd., TerraVia Holdings, Inc., Nutress B.V., and others.
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Algae Supplements Market - Additional Insight
Algal Oil Supplements Gain Momentum as Ideal Vegetarian Sources of DHA and Omega-3 Fats
The diet of vegetarian and vegan population limits them in meeting the requirement for DHA and omega-3 fats, which are highly instrumental in maintaining a sound cognitive and cardiovascular health. Algal oil supplements are gaining centerstage as ideal sources of DHA and omega-3 fats. As the health benefits of omega-3 fatty acids and DHA have been well-researched & well-established, vegetarian consumers are showing high preference for algal oil supplements to include in their regular diets. In addition, multiple health benefits of algal oil supplements, such as benefits for eye health, cognitive well-being, and cardiovascular health, are further upholding the demand for algal oil supplements.
Algae Supplements Market - Research Methodology
Compelling insights and forecasts offered in the algae supplements market report are a result of an exhaustive research methodology. The research methodology for algae supplements market report involves two steps, primary and secondary research, which form the base of the insights presented in the algae supplements market report. The insights compiled in the algae supplements market report have been cross-verified by a team of in-house industry experts, in a bid to ensure unmatched accuracy and eliminate errors.
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What are the Key Challenges Faced by Stakeholders of the Algae Supplements Market?
Lack of awareness regarding benefits of algae supplements continues to be one among the key factors undermining growth of algae supplements market. However, government investments in research & commercialization of algae across key regions are likely to favor growth of the algae supplements market.
High developmental costs has remained a major concern among the algae supplements industry players. This further impacts the overall cost of the final product, thereby impeding sales of algae supplements to a certain extent. .
Algae Supplements Market: Compelling Insights and Forecasts Offered in the Algae Supplements Market Report Are a Result of an Exhaustive Research Methodology