Algae Market Trends, Share And ,Size
Algae are defined as a group of predominantly aquatic, photosynthetic, and nucleus-bearing organisms that lack the true roots, stems, leaves, and specialized multicellular reproductive structures of plants. Their photosynthetic pigments are also more varied than those of plants, and their cells have features not found among plants and animals. Algae are eukaryotic organisms and contain three types of double-membrane-bound organelles: the nucleus, the chloroplast, and the mitochondrion. In most algal cells, there is only a single nucleus, although some cells are multinucleate.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @https://www.meticulousresearch.com/download-sample-report/cp_id=5424?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=25-01-2023
According to this latest publication from Meticulous Research®, the algae market is expected to record a CAGR of 9.3% from 2023 to 2030 to reach $29.8 billion by 2030. The growth of this market is mainly attributed to the inclination towards health & wellness trends, the growing dietary supplements industry, growing demand for natural food colors, rising vegetarianism, the growing nutraceutical industry, increasing preference for algae-sourced products, and growing government initiatives to boost seaweed cultivation. However, low awareness about the benefits of algae and the complex production process of algae products is expected to hinder the growth of the global algae market to some extent.
The global algae market study presents historical market data in terms of values (2021 and 2022), estimated current data (2023), and forecasts for 2030- by type (macroalgae {red algae, brown algae, and green algae}, microalgae {spirulina, chlorella, Dunaliella salina, Haematococcus pluvialis, and other microalgae}), distribution channel (business-to-business [B2B], business-to-consumer [B2C]), form (dry form {algae powder, algae flakes, and other dried forms}, liquid form), and application (food & beverages, nutraceuticals, animal feed, cosmetics, and Others). The study also evaluates industry competitors and analyzes the market at a regional and country level.
Based on type, the algae market is mainly segmented into macroalgae and microalgae. The microalgae segment is expected to grow at the highest CAGR during the forecast period owing to the rising health & wellness trends and dietary supplements industry; rising demand for natural food colors; growing vegetarianism; strict regulations regarding the inclusion of synthetic colors and flavors; increasing preference for Spirulina-sourced products, especially Omega-3 fatty acids; growing use of microalgae in aquaculture; rising investments from leading color houses in microalgae; and an increasing number of products that include Spirulina as an ingredient.
Based on distribution channel, the algae market is mainly segmented into business-to-business (B2B) and business-to-consumer (B2C). The B2B segment is expected to account for a larger share of the global algae market in 2023. The large share of this segment is mainly attributed to the direct bulk purchasing of algae by manufacturers from various industries, such as nutraceuticals, food & beverage, and animal feed, for further product development.
Based on form, the algae market is segmented into dry and liquid forms. The dry form segment is expected to account for the larger share of the algae market in 2023, owing to the growing demand for algae powder from the food and cosmetics industries. Moreover, its several benefits, such as comparatively high shelf-life and ease of transport and storage, are further expected to support the growth of this market. In addition, the segment is also expected to record the highest CAGR during the forecast period.
Based on application, the algae market is mainly divided into food and beverages, nutraceuticals, cosmetics, animal feed, and others. The food and beverage segment is expected to account for the largest share of the global algae market in 2023, owing to the growing demand for organic foods products, increased consumption of plant proteins and vegan products, and increased utilization of algae for human consumption. Moreover, rapid population growth, increasing awareness of algae's health benefits, changes in lifestyle patterns and taste preferences among consumers, healthy eating habits, and rising disposable income are further expected to support the growth of this market.
This research report also analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and RoE), Asia-Pacific (China, Japan, India, Australia, and RoAPAC), Latin America (Brazil, Mexico, and RoLATAM), and the Middle East & Africa. Asia-Pacific is expected to account for the largest share of the global algae market in 2023, followed by Europe and North America. The large share of this regional market is mainly attributed to the presence of several local and regional players, various government initiatives to promote the cultivation and usage of algae in several industries, growing demand for organic food products, and increasing applications of commercial sea vegetables, especially in food. Moreover, large-scale production and huge consumption of seaweed, huge availability of raw materials, favorable climatic conditions for the production of algae, and cheap labor availability are further expected to support the growth of the algae market in the region.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 3-4 years. The key players profiled in the global algae market research report are Fuqing King Dnarmsa Spirulina Co.Ltd. (China), Earthrise Nutritionals, LLC (U.S.), E.I.D. - Parry (India) Limited (India), Cyanotech Corporation (U.S.), Seaweed & Co. (U.K.), Green Rise Agro Industries (India), Ocean Rainforest Sp/F (Denmark), Inner Mongolia Rejuve Biotech Co., Ltd. (China), Zhejiang Binmei Biotechnology Co., Ltd. (China), Bluetec Naturals Co., Ltd. (China), Taiwan Chlorella Manufacturing Company(TCMC) (Taiwan), Sun Chlorella Corporation (Japan), Far East Algae Industries, Co., Ltd. (Taiwan), Roquette Klötze GmbH & Co. KG (Germany), Gong Bih Enterprise Co., Ltd. (Taiwan),
Scope of the Report:
Algae Market, by Type
· Macroalgae/Seaweed
o Red Algae
o Brown Algae
o Green Algae
· Microalgae
o Spirulina
o Chlorella
o Dunaliella Salina
o Haematococcus Pluvialis
o Other Microalgae
Algae Market, by Distribution Channel
· Business-to-Business (B2B)
· Business-to-Consumer (B2C)
Algae Market, by Form
· Dry Form
o Algae Powder
o Algae Flakes
o Other Dried Forms
· Liquid Form
Algae Market, by Application
· Nutraceuticals
· Food and Beverages
· Animal Feed
· Cosmetics
· Other Applications
Algae Market, by Geography
· North America
o U.S.
o Canada
· Europe
o Germany
o France
o U.K.
o Italy
o Spain
o Rest of Europe (RoE)
· Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific (RoAPAC)
· Latin America
o Brazil
o Mexico
o Rest of Latin America (RoLATAM)
· Middle East and Africa
𝑫𝒐𝒘𝒏𝒍𝒐𝒂𝒅 𝑺𝒂𝒎𝒑𝒍𝒆 𝑹𝒆𝒑𝒐𝒓𝒕 @ https://www.meticulousresearch.com/download-sample-report/cp_id=5424?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=25-01-2023
Greater consistency and momentum always keeps up the Esticast Research and Consulting research reports trending and far more reachable to the client.
The report further presents the data on percentage volume and market share value by players, by product type, applications, regions, and also price variations.About Algae Protein MarketAlgae Protein Market was valued at $4.81 billion in 2016 and is projected to reach $12.81 billion by 2024, growing at a CAGR of 13.3% from 2017 to 2024.By application type, Bus segment, generated the highest revenue share of $1.28 billion in 2016, growing at a CAGR of 13.6% in the global AFC market.
An Algae Protein, or AFC system, is a set of components that helps in the automation of ticketing systems of a public transportation network.
AFC enhances the efficiency in fare collection, improves the overall transaction rate, and saves an extensive amount of time, thereby minimizing waiting time in queues and searching for cash to buy tickets.
The accessing is monitored by technological advancements, diversified investment habits, in-depth study on a product by defining overview and specifications.The report further shifts the focus on the global Algae Protein market through industry status, growth opportunities, forecasts, key participants, and key players.Important facts about the Algae Protein market reportThe global keyword market report compares different approaches and methods that are very well calibrated by the key players of the Algae Protein market to make accurate business decisions.The Algae Protein market report designs several parameters that include strategic analysis, emerging factors, production value and capacity, and others are also well presented in the research report.The report also helps to reveal market definition, product specifications, market share, value chain analysis, demand and supply ratio, and import/export details.Competitive LandscapeKey players profiled in the report include:Cyanotech CorporationFar East Bio-Tec Co.Ltd.Heliae Development LLCNutrex Hawaii Inc.Corbion Biotech, Inc.Earthrise NutritionalI.D.
– Parry LimitedENERGYbits Inc.Rainbow LightNOW FoodsPrairie NaturalsVimergy LLCThe prominent industry players profiled in the report that are functional in the Algae Protein market are profiled on the basis of quality, product differentiation, product portfolio, and among others.
With a multi-disciplinary approach, Fact.MR elaborates an extensive analysis of the historical, current and future outlook of the global Brown Algae Protein market as well as the factors responsible for such a growth.
Our highly dedicated professionals have inputted critical and accurate insights associated with every industry, and region by doing thorough primary and secondary research.We leverage space-age industrial and digitalization tools to provide avant-garde actionable insights to our clients regarding the Brown Algae Protein market.
For enhancing readers’ experience, the report starts with a basic overview about the Brown Algae Protein and its classification.Request TOC of this Report- https://www.factmr.com/connectus/sample?flag=T_id=2002Competitive Assessment The Brown Algae Protein market report includes global as well as emerging players:Nutrex Hawaii Inc.Earthrise Nutritionals LLCRainbow Light Nutritional Systems, Inc.Far East Bio-Tec Co., Ltd.TerraVia Holdings, Inc.
The insights for each vendor consists of:Company profileSWOT analysisMain market informationMarket shareRevenue, pricing and gross marginRegional Analysis Important regions covered in the Brown Algae Protein market report include:North AmericaLatin AmericaEuropeJapanAPEJMEAThe Brown Algae Protein market report also provides data regarding the key countries in the defined regions.Segmentation AnalysisBy of source as:MarineFresh Water By end use:Food and BeveragesNutritional and Dietary SupplementsAnimal FeedCosmetics & Personal Care Products What insights does the Brown Algae Protein market report provide to the readers?Brown Algae Protein market fragmentation on the basis of product type, end use, and region.Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.Collaborations, R projects, acquisitions, and product launches of each Brown Algae Protein market player.Various regulations imposed by the governments on the consumption of Brown Algae Protein in detail.Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Brown Algae Protein market.Request Sample Report- https://www.factmr.com/connectus/sample?flag=S_id=2002Questionnaire answered in the Brown Algae Protein market report include:What is the present and future outlook of the global Brown Algae Protein market on the basis of region?What are the challenges and opportunities for the Brown Algae Protein market?Why the consumption of Brown Algae Protein highest in region?In which year segment is expected to overtake segment?
