Global Algae Products Market Growth 2023-2029

Global Algae Products Market Growth 2023-2029

Algae products are simple plants that can range from the microscopic (microalgae), to large seaweeds (macroalgae), such as giant kelp more than one hundred feet in length.

Algae products can be grown using water resources such as brackish-, sea-, and wastewater unsuitable for cultivating agricultural crops. When using wastewater, such as municipal, animal and even some industrial runoff, they can help in its treatment and purification, while benefiting from using the nutrients present.
LPI (LP Information)' newest research report, the “Algae Products Industry Forecast” looks at past sales and reviews total world Algae Products sales in 2022, providing a comprehensive analysis by region and market sector of projected Algae Products sales for 2023 through 2029. With Algae Products sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Algae Products industry.
This Insight Report provides a comprehensive analysis of the global Algae Products landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Algae Products portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Algae Products market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Algae Products and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Algae Products.
The global Algae Products market size is projected to grow from US$ 6757.9 million in 2022 to US$ 7970.7 million in 2029; it is expected to grow at a CAGR of 7970.7 from 2023 to 2029.
China is the largest Algae Products market with about 35% market share. Indonesia is follower, accounting for about 23% market share.The key manufacturers are Weihai Shidai Marine Biotechnology, Shandong Lidao Oceanic Technology, Fujian Lianjiang Tianyuan Aquatic, Xunshan, Qingdao Gather Great Ocean Algae, Fujian Yiyuan Sea Food, Fujian Huangqiwan Sea Food Biotechnology, Rongcheng Lidao Chenfenzhuang Hongqiang Kelp, Rongcheng Lidao Chenfenzhuang Weijian Kelp, Rongcheng Yandunjiao Aquatic, Shandong Gaolv Aquatic, Shandong Haizhibao Technology, Matsumaeya, Shemberg, Karagen Indonesia, MCPI etc. Top 3 companies occupied about 4% market share.
This report presents a comprehensive overview, market shares, and growth opportunities of Algae Products market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Eucheuma
Laminaria Japonica
Gracilaria
Porphyra
Undaria Pinnatifida
Others
Segmentation by application
Animal & Aquaculture Feed
Biofuels & Bioenergy
Food
Chemicals
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Weihai Shidai Marine Biotechnology
Shandong Lidao Oceanic Technology
Fujian Lianjiang Tianyuan Aquatic
Xunshan
Qingdao Gather Great Ocean Algae
Fujian Yiyuan Sea Food
Fujian Huangqiwan Sea Food Biotechnology
Rongcheng Lidao Chenfenzhuang Hongqiang Kelp
Rongcheng Lidao Chenfenzhuang Weijian Kelp
Rongcheng Yandunjiao Aquatic
Shandong Gaolv Aquatic
Shandong Haizhibao Technology
Matsumaeya
Shemberg
Karagen Indonesia
MCPI
Key Questions Addressed in this Report
What is the 10-year outlook for the global Algae Products market?
What factors are driving Algae Products market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Algae Products market opportunities vary by end market size?
How does Algae Products break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.