Algae Market By Cultivation Technology (Raceway Ponds Cultivation, Open Ponds Cultivation, Closed Fermenter Systems Cultivation , Closed Photo Bioreactor Cultivation), and Application (Marine Sector, Road Transport, Bio plastic, Others) - Global Industry

Algae Market By Cultivation Technology (Raceway Ponds Cultivation, Open Ponds Cultivation, Closed Fermenter Systems Cultivation , Closed Photo Bioreactor Cultivation), and Application (Marine Sector, Road Transport, Bio plastic, Others) - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2022 - 2028

Algae is a diverse group of organisms ranging from unicellular to multicellular. The complex and largest marine algae are called seaweeds. The algae consist of chloroplast, which is similar to cyanobacteria in structure. Algae has its wide applications in agar, alginates, fertilizer, energy source, nutrition, pigments, and bioremediation. Algae has wide range of usage in terms of pollution control. It is used as an alternative for toxic chemicals to treat sewers, to capture fertilizer runoff in farms, and to treat water in ponds and aquaria.
The term “algae” covers many different aquatic organisms that are capable of producing oxygen through photosynthesis. Algae plays a vital role in our environment and well-being as they produce half of the oxygen in the earth’s atmosphere. Furthermore, algal biofuels are a promising replacement to fossil fuels, owing to its ability to produce energy-rich oils. This scenario is predicted to generate higher demand for algae in the near future.
Market Dynamics
Among product type, microalgae segment is expected to gain significant market share in the global algae market over the forecast period. In 2021, the segment accounted for over 70.0% share in the global algae market in terms of revenue. Increasing biofuel production from microalgae is expected to boost growth of the microalgae segment. This is owing to high photosynthetic efficiency of microalgae.
Among regions, North America held dominant position in the global algae market in terms of revenue share, in 2021. The region held around 35.0% of the total revenue share generated across the globe. Algae is extensively used in feed additives. North America and Asia Pacific are the top two consumers of feed additives. The growing demand for algae from feed additives industry is predicted to drive the market growth in near future.
Key features of the study:
This report provides in-depth analysis of global algae market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by key players
It profiles key players in the global algae market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include, Cyanotech Corporation, Dic Corporation, Corbion N.V, Valagro Spa, Far East Microalgae Industries Co. Ltd., Beijing Gingko Group, Heliae Development Llc, Pond Technologies Holdings Inc., Algaetech International Sdn Bhd, Fuqing King Dnarmsa Spirulina Co. Ltd., Sun Chlorella Corporation, and Ecoduna Ag
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
The global algae market report caters to various stakeholders in this industry including investors, suppliers, algae manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global algae market
Detailed Segmentation:
Global Algae Market, By Cultivation Technology:
Open Pond
Natural Settings
Closed System
Global Algae Market, By Product Type:
Microalgae
Macroalgae
Global Algae Market, By Application:
Food & Beverages
Nutraceutical
Pharmaceutical
Cosmetics
Animal and Fish Feed
Biofuel
Waste Water Treatment
Fertilizer
Specialty Chemicals and Polymers
Global Algae Market, By Region:
North America
U.S.
By Cultivation Technology:
Open Pond
Natural Settings
Closed System
By Product Type:
Microalgae
Macroalgae
By Application:
Food & Beverages
Nutraceutical
Pharmaceutical
Cosmetics
Animal and Fish Feed
Biofuel
Waste Water Treatment
Fertilizer
Specialty Chemicals and Polymers
Canada
By Cultivation Technology:
Open Pond
Natural Settings
Closed System
By Product Type:
Microalgae
Macroalgae
By Application:
Food & Beverages
Nutraceutical
Pharmaceutical
Cosmetics
Animal and Fish Feed
Biofuel
Waste Water Treatment
Fertilizer
Specialty Chemicals and Polymers
Mexico
By Cultivation Technology:
Open Pond
Natural Settings
Closed System
By Product Type:
Microalgae
Macroalgae
By Application:
Food & Beverages
Nutraceutical
Pharmaceutical
Cosmetics
Animal and Fish Feed
Biofuel
Waste Water Treatment
Fertilizer
Specialty Chemicals and Polymers
South America
Mexico
By Cultivation Technology:
Open Pond
Natural Settings
Closed System
By Product Type:
Microalgae
Macroalgae
By Application:
Food & Beverages
Nutraceutical
Pharmaceutical
Cosmetics
Animal and Fish Feed
Biofuel
Waste Water Treatment
Fertilizer
Specialty Chemicals and Polymers
Brazil
By Cultivation Technology:
Open Pond
Natural Settings
Closed System
By Product Type:
Microalgae
Macroalgae
By Application:
Food & Beverages
Nutraceutical
Pharmaceutical
Cosmetics
Animal and Fish Feed
Biofuel
Waste Water Treatment
Fertilizer
Specialty Chemicals and Polymers
Argentina
By Cultivation Technology:
Open Pond
Natural Settings
Closed System
By Product Type:
Microalgae
Macroalgae
By Application:
Food & Beverages
Nutraceutical
Pharmaceutical
Cosmetics
Animal and Fish Feed
Biofuel
Waste Water Treatment
Fertilizer
Specialty Chemicals and Polymers
Rest of South America
By Cultivation Technology:
Open Pond
Natural Settings
Closed System
By Product Type:
Microalgae
Macroalgae
By Application:
Food & Beverages
Nutraceutical
Pharmaceutical
Cosmetics
Animal and Fish Feed
Biofuel
Waste Water Treatment
Fertilizer
Specialty Chemicals and Polymers
Europe
U.K.
By Cultivation Technology:
Open Pond
Natural Settings
Closed System
By Product Type:
Microalgae
Macroalgae
By Application:
Food & Beverages
Nutraceutical
Pharmaceutical
Cosmetics
Animal and Fish Feed
Biofuel
Waste Water Treatment
Fertilizer
Specialty Chemicals and Polymers
Germany
By Cultivation Technology:
Open Pond
Natural Settings
Closed System
By Product Type:
Microalgae
Macroalgae
By Application:
Food & Beverages
Nutraceutical
Pharmaceutical
Cosmetics
Animal and Fish Feed
Biofuel
Waste Water Treatment
Fertilizer
Specialty Chemicals and Polymers
Italy
By Cultivation Technology:
Open Pond
Natural Settings
Closed System
By Product Type:
Microalgae
Macroalgae
By Application:
Food & Beverages
Nutraceutical
Pharmaceutical
Cosmetics
Animal and Fish Feed
Biofuel
Waste Water Treatment
Fertilizer
Specialty Chemicals and Polymers
France
By Cultivation Technology:
Open Pond
Natural Settings
Closed System
By Product Type:
Microalgae
Macroalgae
By Application:
Food & Beverages
Nutraceutical
Pharmaceutical
Cosmetics
Animal and Fish Feed
Biofuel
Waste Water Treatment
Fertilizer
Specialty Chemicals and Polymers
Spain
By Cultivation Technology:
Open Pond
Natural Settings
Closed System
By Product Type:
Microalgae
Macroalgae
By Application:
Food & Beverages
Nutraceutical
Pharmaceutical
Cosmetics
Animal and Fish Feed
Biofuel
Waste Water Treatment
Fertilizer
Specialty Chemicals and Polymers
Russia
By Cultivation Technology:
Open Pond
Natural Settings
Closed System
By Product Type:
Microalgae
Macroalgae
By Application:
Food & Beverages
Nutraceutical
Pharmaceutical
Cosmetics
Animal and Fish Feed
Biofuel
Waste Water Treatment
Fertilizer
Specialty Chemicals and Polymers
Rest of Europe
By Cultivation Technology:
Open Pond
Natural Settings
Closed System
By Product Type:
Microalgae
Macroalgae
By Application:
Food & Beverages
Nutraceutical
Pharmaceutical
Cosmetics
Animal and Fish Feed
Biofuel
Waste Water Treatment
Fertilizer
Specialty Chemicals and Polymers
Asia Pacific
China
By Cultivation Technology:
Open Pond
Natural Settings
Closed System
By Product Type:
Microalgae
Macroalgae
By Application:
Food & Beverages
Nutraceutical
Pharmaceutical
Cosmetics
Animal and Fish Feed
Biofuel
Waste Water Treatment
Fertilizer
Specialty Chemicals and Polymers
India
By Cultivation Technology:
Open Pond
Natural Settings
Closed System
By Product Type:
Microalgae
Macroalgae
By Application:
Food & Beverages
Nutraceutical
Pharmaceutical
Cosmetics
Animal and Fish Feed
Biofuel
Waste Water Treatment
Fertilizer
Specialty Chemicals and Polymers
Others
Japan
By Cultivation Technology:
Open Pond
Natural Settings
Closed System
By Product Type:
Microalgae
Macroalgae
By Application:
Food & Beverages
Nutraceutical
Pharmaceutical
Cosmetics
Animal and Fish Feed
Biofuel
Waste Water Treatment
Fertilizer
Specialty Chemicals and Polymers
Others
ASEAN
By Cultivation Technology:
Open Pond
Natural Settings
Closed System
By Product Type:
Microalgae
Macroalgae
By Application:
Food & Beverages
Nutraceutical
Pharmaceutical
Cosmetics
Animal and Fish Feed
Biofuel
Waste Water Treatment
Fertilizer
Specialty Chemicals and Polymers
Australia
By Cultivation Technology:
Open Pond
Natural Settings
Closed System
By Product Type:
Microalgae
Macroalgae
By Application:
Food & Beverages
Nutraceutical
Pharmaceutical
Cosmetics
Animal and Fish Feed
Biofuel
Waste Water Treatment
Fertilizer
Specialty Chemicals and Polymers
South Korea
By Cultivation Technology:
Open Pond
Natural Settings
Closed System
By Product Type:
Microalgae
Macroalgae
By Application:
Food & Beverages
Nutraceutical
Pharmaceutical
Cosmetics
Animal and Fish Feed
Biofuel
Waste Water Treatment
Fertilizer
Specialty Chemicals and Polymers
Rest of Asia Pacific
By Cultivation Technology:
Open Pond
Natural Settings
Closed System
By Product Type:
Microalgae
Macroalgae
By Application:
Food & Beverages
Nutraceutical
Pharmaceutical
Cosmetics
Animal and Fish Feed
Biofuel
Waste Water Treatment
Fertilizer
Specialty Chemicals and Polymers
Middle East & Africa
Middle East
By Cultivation Technology:
Open Pond
Natural Settings
Closed System
By Product Type:
Microalgae
Macroalgae
By Application:
Food & Beverages
Nutraceutical
Pharmaceutical
Cosmetics
Animal and Fish Feed
Biofuel
Waste Water Treatment
Fertilizer
Specialty Chemicals and Polymers
Africa
By Cultivation Technology:
Open Pond
Natural Settings
Closed System
By Product Type:
Microalgae
Macroalgae
By Application:
Food & Beverages
Nutraceutical
Pharmaceutical
Cosmetics
Animal and Fish Feed
Biofuel
Waste Water Treatment
Fertilizer
Specialty Chemicals and Polymers
Company Profiles
Cyanotech Corporation*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Dic Corporation
Corbion N.V
Valagro Spa
Far East Microalgae Industries Co. Ltd.
Beijing Gingko Group
Heliae Development Llc
Pond Technologies Holdings Inc.
Algaetech International Sdn Bhd
Fuqing King Dnarmsa Spirulina Co. Ltd.
Sun Chlorella Corporation
Ecoduna Ag
“*” marked represents similar segmentation in other categories in the respective section.