Algae Products Market Analysis, Share by Suppliers In Terms Of Value And Volume, And Forecast From 2020-2030 – Zenit News

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 5.2% of CAGR from 2019 to 2030.

The boom in the algae products market is attributed to factors such as benefits of algae over conventional crops such as fast growth of algae helps in the 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 have high fibre 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 have a 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 the 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 the animal feed industry as consist of high mineral additives. Algae also act in natural colorants and are used in the 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 the market are health problems caused by the consumption of algal products such as gastrointestinal, abdominal, nausea problems and many others.

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

Major Applications of Algae Products Market covered are:
Food & Beverages
Nutraceticals & Dietary Supplements
Personal Care
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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