The Algae
Products Market is expected to reach USD 5.60 billion by 2025, from USD
3.72 billion in 2017 growing at a CAGR of 5.3% during the forecast period of
2018 to 2025. Key players profiled in this report are Stärke GmbH, Sms Corporation Co. Ltd,
Global Bio-Chem Technology Group Company Limited, SPAC STARCH PRODUCTS (INDIA)
LTD., Qingdao Cbh Co., Ltd., Beneo-Remy N.V., China Essence Group Ltd, Samyang
Genex Corp, Ulrick & Short Ltd., Grain Processing Corporation, Roquette
Frères
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Market drivers:
·
Raising consumer awareness regarding health
benefits of algae-based products
·
Alternate food source and food ingredient
·
Growing multi industry coverage
Market restraint:
·
Advanced high impact of climate condition on
algae production
·
High cost of processing
Competitive
Landscape: Global Algae Products Market
The global algae products market is highly fragmented and
the major players have used various strategies such as new product launches,
expansions, agreements, joint ventures, partnerships, acquisitions, and others
to increase their footprints in this market. The report includes market shares
of Algae Products market for global, Europe, North America, Asia Pacific, South
America and Middle East & Africa.
In, July, 2013, BASF SE and National Prawn Company (Saudi
Arabia) had signed an agreement on collaboration in the field of algae
technology.
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Segmentation: Global Algae Products
Market
Global Algae Products Market By Type (Lipids, Carrageenan, Carotenoids, Algal Protein, Alginate,
Others)
Source (Brown Algae, Blue-Green Algae, Red
Algae, Green Algae, Others)
Form (Solid,
Liquid), Application (Food & Beverages, Nutraceuticals & Dietary
Supplements, Feed, Personal Care Products, Pharmaceuticals, Others)
Geography (North
America, South America, Europe, Asia-Pacific, Middle East And Africa) –
Industry Trends and Forecast to 2025
Key Insights in the
report:
·
Historical and current market size and
projection up to 2025.
·
Market trends impacting the growth of the global
algae products market.
·
Analyze and forecast algae products market on
the basis of type, source, form and application.
·
Trends of key regional and country-level markets
for type, source, form and application.
·
Company profiling of key players which includes
business operations, product and services, geographic presence, recent
developments and key financial analysis.
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Market Research:
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