Global Algae Products Market 2024-2028
Algae Products Market 2024-2028
The algae products market is forecasted to grow by USD 1094.4 mn during 2023-2028, accelerating at a CAGR of 5.7% during the forecast period. The report on the algae products market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by health benefits associated with algae products, growing demand for plant-based lipids and proteins, and increasing support from governments worldwide for production and application of algae products.
Technavio's algae products market is segmented as below:
By Application
- Food and beverages
- Pharmaceutical
- Personal care
- Dietary supplements
- Others
By Geographical Landscape
- Europe
- APAC
- North America
- South America
- Middle East and Africa
This study identifies the growing demand for naturally obtained health supplements as one of the prime reasons driving the algae products market growth during the next few years. Also, increasing demand for low-calorie snacks and growing use of algae fats in personal care products will lead to sizable demand in the market.
The report on the algae products market covers the following areas:
- Algae Products Market sizing
- Algae Products Market forecast
- Algae Products Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading algae products market vendors that include ACCEL Carrageenan Corp., AlgaeCan Biotech Ltd., Algatech Ltd., Algea, Algenol, AstaReal Co. Ltd., BASF SE, QPonics Ltd., Cargill Inc., Corbion nv, CP Kelco US Inc., Cyanotech Corp., DIC Corp., DuPont de Nemours Inc., EID Parry India Ltd., Earthrise Nutritionals LLC, FENCHEM, Heliae Development LLC, Karagen Indonesia CV, and Koninklijke DSM NV. Also, the algae products market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.