According to the latest report by IMARC Group, titled, “Algae Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, the global algae products market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026.

Algae products refer to the essential sources of minerals, vitamins, fatty acids, etc., that are widely utilized in the preparation of dietary supplements. They have numerous beneficial properties, including being antioxidant, antihypertensive, anticoagulant, antiproliferative, immunostimulatory, etc. These products help in increasing dopamine, preventing diseases, healing wounds, promoting healthy skin, etc. Moreover, algae products find extensive applications in food products and beverages as stabilizers, emulsifiers, thickeners, main ingredients, flavoring agents, etc.

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Market Trends

The elevating global population levels, coupled with the rising prevalence of chronic diseases, are among the primary factors driving the algae products market. Moreover, the changing consumer lifestyles and the rising popularity of healthy food products and dietary supplements are further augmenting the market growth. Besides this, algae products are being increasingly used in the sequestering and removing of pollutants, such as nutrients, heavy metals, xenobiotics, etc., from wastewater. Additionally, their surging adoption in the beauty and personal care sector for detoxifying, cleansing, and toning the skin, as well as for improving skin elasticity and suppleness, aiding the renewal of damaged skin cells, etc., is bolstering the product demand. Furthermore, due to their abundant, resilient, and cost-effective nature, they are being utilized in biologic drugs across the globe, which is also stimulating the market. Apart from this, the growing product adoption for producing livestock for aquaculture varieties, including fish for cultivation, is expected to catalyze the algae products market over the forecasted period.

NoteWe are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

  • ACCEL Carrageenan Corporation
  • Algatechnologies Ltd
  • Algenol
  • Archer-Daniels-Midland Company
  • BASF SE, Caldic B.V.
  • Cargill Incorporated
  • Cellana Inc
  • Corbion N.V.
  • Cyanotech Corporation
  • DuPont de Nemours Inc
  • Koninklijke DSM N.V.
  • TBK Manufacturing Corporation.

The report has segmented the market based on type, source, form, distribution channel and application.

Breakup by Type:

  • Lipids
  • Carrageenan
  • Carotenoids
  • Algal Protein
  • Alginate
  • Others

Breakup by Source:

  • Brown Algae
  • Blue-Green Algae
  • Red Algae
  • Green Algae

Breakup by Form:

  • Solid
  • Liquid

Breakup by Distribution Channel:

  • Online
  • Offline

Breakup by Application:

  • Food and Beverages
  • Nutraceuticals and Dietary Supplements
  • Personal Care
  • Feed
  • Pharmaceuticals
  • Chemicals
  • Others

Breakup by Region:

  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Table of Content:

1    Preface
2    Scope and Methodology

2.1    Objectives of the Study
2.2    Stakeholders
2.3    Data Sources
2.3.1    Primary Sources
2.3.2    Secondary Sources
2.4    Market Estimation
2.4.1    Bottom-Up Approach
2.4.2    Top-Down Approach
2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

4.1    Overview
4.2    Key Industry Trends
5    Global Algae Products Market
5.1    Market Overview
5.2    Market Performance
5.3    Impact of COVID-19
5.4    Market Forecast
6    Market Breakup by Type
6.1    Lipids
6.1.1 Market Trends
6.1.2 Market Forecast
6.2    Carrageenan
6.2.1 Market Trends
6.2.2 Market Forecast
6.3    Carotenoids
6.3.1 Market Trends
6.3.2 Market Forecast
6.4    Algal Protein
6.4.1 Market Trends
6.4.2 Market Forecast
6.5    Alginate
6.5.1 Market Trends
6.5.2 Market Forecast
6.6    Others
6.6.1 Market Trends
6.6.2 Market Forecast
7    Market Breakup by Source
7.1    Brown Algae
7.1.1 Market Trends
7.1.2 Market Forecast
7.2    Blue-Green Algae
7.2.1 Market Trends
7.2.2 Market Forecast
7.3    Red Algae
7.3.1 Market Trends
7.3.2 Market Forecast
7.4    Green Algae
7.4.1 Market Trends
7.4.2 Market Forecast
8    Market Breakup by Form
8.1    Solid
8.1.1 Market Trends
8.1.2 Market Forecast
8.2    Liquid
8.2.1 Market Trends
8.2.2 Market Forecast
9    Market Breakup by Distribution Channel
9.1    Online
9.1.1 Market Trends
9.1.2 Market Forecast
9.2    Offline
9.2.1 Market Trends
9.2.2 Market Forecast
10    Market Breakup by Application
10.1    Food and Beverages
10.1.1 Market Trends
10.1.2 Market Forecast
10.2    Nutraceuticals and Dietary Supplements
10.2.1 Market Trends
10.2.2 Market Forecast
10.3    Personal Care
10.3.1 Market Trends
10.3.2 Market Forecast
10.4    Feed
10.4.1 Market Trends
10.4.2 Market Forecast
10.5    Pharmaceuticals
10.5.1 Market Trends
10.5.2 Market Forecast
10.6    Chemicals
10.6.1 Market Trends
10.6.2 Market Forecast
10.7    Others
10.7.1 Market Trends
10.7.2 Market Forecast
11    Market Breakup by Region
11.1    North America
11.1.1 United States Market Trends Market Forecast
11.1.2 Canada Market Trends Market Forecast
11.2    Asia-Pacific
11.2.1 China Market Trends Market Forecast
11.2.2 Japan Market Trends Market Forecast
11.2.3 India Market Trends Market Forecast
11.2.4 South Korea Market Trends Market Forecast
11.2.5 Australia Market Trends Market Forecast
11.2.6 Indonesia Market Trends Market Forecast
11.2.7 Others Market Trends Market Forecast
11.3    Europe
11.3.1 Germany Market Trends Market Forecast
11.3.2 France Market Trends Market Forecast
11.3.3 United Kingdom Market Trends Market Forecast
11.3.4 Italy Market Trends Market Forecast
11.3.5 Spain Market Trends Market Forecast
11.3.6 Russia Market Trends Market Forecast
11.3.7 Others Market Trends Market Forecast
11.4    Latin America
11.4.1 Brazil Market Trends Market Forecast
11.4.2 Mexico Market Trends Market Forecast
11.4.3 Others Market Trends Market Forecast
11.5    Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12    SWOT Analysis
12.1    Overview
12.2    Strengths
12.3    Weaknesses
12.4    Opportunities
12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis

14.1    Overview
14.2    Bargaining Power of Buyers
14.3    Bargaining Power of Suppliers
14.4    Degree of Competition
14.5    Threat of New Entrants
14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape

16.1    Market Structure
16.2    Key Players
16.3    Profiles of Key Players
16.3.1    ACCEL Carrageenan Corporation Company Overview Product Portfolio
16.3.2    Algatechnologies Ltd Company Overview Product Portfolio
16.3.3    Algenol Company Overview Product Portfolio
16.3.4    Archer-Daniels-Midland Company Company Overview Product Portfolio Financials SWOT Analysis
16.3.5    BASF SE Company Overview Product Portfolio Financials SWOT Analysis
16.3.6    Caldic B.V. Company Overview Product Portfolio
16.3.7    Cargill Incorporated Company Overview Product Portfolio SWOT Analysis
16.3.8    Cellana Inc Company Overview Product Portfolio
16.3.9    Corbion N.V. Company Overview Product Portfolio Financials
16.3.10    Cyanotech Corporation Company Overview Product Portfolio Financials SWOT Analysis
16.3.11    DuPont de Nemours Inc Company Overview Product Portfolio Financials SWOT Analysis
16.3.12    Koninklijke DSM N.V. Company Overview Product Portfolio Financials SWOT Analysis
16.3.13    TBK Manufacturing Corporation Company Overview Product Portfolio

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