Global Algae Market Size By Segmentations, Top Key Players, Trend, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 11/23/2022
- NO OF PAGES
- 255
- CATEGORY
- Food & Beverages
The Global Algae market was valued at $3.7 billion in 2020 and is projected to reach $5.2 billion by 2025, growing at a compound annual growth rate (CAGR) of 7.0% during the forecast period. The report highlights the increasing demand for algae-based products in industries such as food and beverage, animal feed, pharmaceuticals, and biofuels.
Algae are a diverse group of aquatic, photosynthetic organisms that range in size from single-celled microalgae to large seaweeds. They are found in both freshwater and saltwater environments and are able to thrive in a wide range of temperatures and light conditions. Algae are an important part of the aquatic food chain, providing food and oxygen for a variety of aquatic organisms. They are also important in the global carbon cycle, as they are able to capture carbon dioxide from the atmosphere and convert it into organic matter through photosynthesis.
Algae have a wide range of commercial and industrial applications. For example, they are used in the production of biofuels, animal feed, nutritional supplements, and food ingredients. They are also used in wastewater treatment, bioremediation, and the production of high-value chemicals such as pigments and antioxidants. One of the most well-known types of algae is spirulina, a blue-green algae that is commonly used as a nutritional supplement. Spirulina is rich in protein, vitamins, and minerals, and is often added to smoothies, energy bars, and other health foods. Overall, algae are a promising and versatile group of organisms that have the potential to play an important role in addressing a variety of environmental, nutritional, and industrial challenges.
The algae market is a growing industry that encompasses a wide range of products and applications. Algae are photosynthetic organisms that can be found in many different forms, from single-celled microalgae to large seaweeds. They are increasingly being used for their nutritional, medicinal, and industrial properties. One of the most well-known uses of algae is in the production of biofuels. Algae are a promising source of renewable energy because they can be grown quickly and have a high oil content. Algae-based biofuels are also considered to be more sustainable than traditional fossil fuels because they do not produce as many greenhouse gas emissions.
Algae are also used as a food source for humans and animals. Some species of algae, such as spirulina and chlorella, are rich in vitamins, minerals, and protein. They are often used as supplements or added to foods such as smoothies and energy bars. In addition to their nutritional and energy properties, algae are also being used in a variety of industrial applications. For example, they can be used to produce bioplastics, which are more environmentally friendly than traditional plastics. Algae can also be used to clean up pollutants from water and to produce high-value chemicals such as pigments and antioxidants. Overall, the algae market is expected to continue to grow as more applications and products are developed. As society becomes more aware of the need for sustainable and renewable resources, algae are likely to play an increasingly important role in meeting these demands.
The algae market can be segmented based on the type of algae, application, and end-use industry.
Type Insights
The largest segment of the algae market based on the type of algae is microalgae, which includes species such as Spirulina, Chlorella, and Nannochloropsis. Microalgae are unicellular or colonial and are widely used for their nutritional and health benefits. Microalgae are used in a variety of applications such as food and beverage, animal feed, cosmetics, and pharmaceuticals. Spirulina, for example, is a popular dietary supplement that is rich in protein, vitamins, and minerals. Chlorella is another type of microalgae that is used in the production of nutritional supplements and functional foods.
Application Insights
The largest segment of the algae market based on the application is food and beverage. Algae-based ingredients for food and beverage applications are estimated to account for a significant portion of the overall algae market. The global algae-based food and beverage market was valued at USD 1.1 billion in 2020 and is expected to grow at a CAGR of 7.0% during the forecast period from 2021 to 2026. Algae-based ingredients for food and beverage applications are becoming increasingly popular due to their nutritional value, health benefits, and eco-friendliness. Algae-based nutritional supplements such as spirulina and chlorella are used as a source of protein, vitamins, and minerals.
Regional Insights
The Asia-Pacific region is expected to be the largest market for algae-based products, driven by the increasing demand for sustainable and eco-friendly products and the growing population. China and India are the major markets for algae-based products in the region due to the presence of large algae cultivators and producers. The Asia-Pacific region has a large population, and there is a growing demand for sustainable and eco-friendly products. Algae-based products are considered to be a more sustainable and environmentally friendly alternative to traditional products, which is driving their demand in the region. Moreover, many countries in the Asia-Pacific region, including China, India, and Japan, have implemented favourable policies and regulations to encourage the growth of the algae industry. These policies include tax incentives, subsidies, and other financial support to algae-based businesses.
Key Companies Insights
The algae market is highly competitive, with several players operating in various segments of the market. The competitive landscape of the algae market is characterized by mergers and acquisitions, partnerships and collaborations, and investments in research and development activities. For instance, DowDuPont Inc., is a global leader in the production of various algae-based products, including biofuels, food and beverage ingredients, and nutraceuticals. The company has a strong presence in the North American and European markets. The algae market is composed of various players, including large multinational corporations and smaller niche players.
Here is a list of some of the major players in the algae market:
· DowDuPont Inc.
· DSM Nutritional Products
· Cyanotech Corporation
· Corbion N.V.
· Cellana Inc.
· AlgaeBio LLC
· Algaetech International Sdn Bhd
· Fuqing King Dnarmsa Spirulina Co. Ltd.
· Parry Nutraceuticals
· Qingdao Gather Great Ocean Algae Industry Group Co., Ltd.
These players operate in various segments of the algae market, including food and beverages, animal feed, biofuels, and nutraceuticals. They are continuously investing in research and development activities to develop new products and technologies and expand their market presence.
Segments
By Type
· Microalgae,
· Macroalgae
· Others
By Product Form
· Powder
· Liquid
· Capsules
By Application
· Food and Beverage
· Nutraceuticals,
· Animal Feed
· Cosmetics
· Biofuels
By End-use Industry
· Pharmaceuticals
· Agriculture
· Energy
· Wastewater Treatment
By Cultivation Technology
· Open Pond Systems
· Closed Photobioreactors
· Hybrid Systems
By Geography
· North America
o U.S.
o Canada
o Mexico
· Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
· Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
· Latin America
o Brazil
o Argentina
o Colombia
· MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
Global Algae Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
Reasons to Purchase Algae Market Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Historic Year: 2016-2022
Forecast: 2024-2035
1.1 Product Overview and Scope of Algae
1.2 Algae Segment by Type
1.2.1 Global Algae Sales Growth Rate Comparison by Type (2022-2030)
1.2.2 Open Ponds Cultivation
1.2.3 Raceway Ponds Cultivation
1.2.4 Closed Photo bioreactor Cultivation
1.2.5 Closed Fermenter Systems Cultivation
1.3 Algae Segment by Application
1.3.1 Algae Sales Comparison by Application: (2022-2030)
1.3.2 DHA Production (Protein Sales)
1.3.3 DHA Production (Pharmaceutical Applications)
1.3.4 Bioplastics
1.3.5 Other
1.4 Global Algae Market Size Estimates and Forecasts
1.4.1 Global Algae Revenue 2016-2030
1.4.2 Global Algae Sales 2016-2030
1.4.3 Algae Market Size by Region: 2016 Versus 2022 Versus 2030
2 Algae Market Competition by Manufacturers
2.1 Global Algae Sales Market Share by Manufacturers (2016-2021)
2.2 Global Algae Revenue Market Share by Manufacturers (2016-2021)
2.3 Global Algae Average Price by Manufacturers (2016-2021)
2.4 Manufacturers Algae Manufacturing Sites, Area Served, Product Type
2.5 Algae Market Competitive Situation and Trends
2.5.1 Algae Market Concentration Rate
2.5.2 The Global Top 5 and Top 10 Largest Algae Players Market Share by Revenue
2.5.3 Global Algae Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.6 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Algae Retrospective Market Scenario by Region
3.1 Global Algae Retrospective Market Scenario in Revenue by Region: 2016-2021
3.2 Global Algae Retrospective Market Scenario in Sales by Region: 2016-2021
3.3 North America Algae Market Facts & Figures by Country
3.3.1 North America Algae Sales by Country
3.3.2 North America Algae Revenue by Country
3.3.3 U.S.
3.3.4 Canada
3.4 Europe Algae Market Facts & Figures by Country
3.4.1 Europe Algae Sales by Country
3.4.2 Europe Algae Revenue by Country
3.4.3 Germany
3.4.4 France
3.4.5 U.K.
3.4.6 Italy
3.4.7 Russia
3.5 Asia Pacific Algae Market Facts & Figures by Region
3.5.1 Asia Pacific Algae Sales by Region
3.5.2 Asia Pacific Algae Revenue by Region
3.5.3 China
3.5.4 Japan
3.5.5 South Korea
3.5.6 India
3.5.7 Australia
3.5.8 Taiwan
3.5.9 Indonesia
3.5.10 Thailand
3.5.11 Malaysia
3.5.12 Philippines
3.5.13 Vietnam
3.6 Latin America Algae Market Facts & Figures by Country
3.6.1 Latin America Algae Sales by Country
3.6.2 Latin America Algae Revenue by Country
3.6.3 Mexico
3.6.4 Brazil
3.6.5 Argentina
3.7 Middle East and Africa Algae Market Facts & Figures by Country
3.7.1 Middle East and Africa Algae Sales by Country
3.7.2 Middle East and Africa Algae Revenue by Country
3.7.3 Turkey
3.7.4 Saudi Arabia
3.7.5 U.A.E
4 Global Algae Historic Market Analysis by Type
4.1 Global Algae Sales Market Share by Type (2016-2021)
4.2 Global Algae Revenue Market Share by Type (2016-2021)
4.3 Global Algae Price by Type (2016-2021)
5 Global Algae Historic Market Analysis by Application
5.1 Global Algae Sales Market Share by Application (2016-2021)
5.2 Global Algae Revenue Market Share by Application (2016-2021)
5.3 Global Algae Price by Application (2016-2021)
6 Key Companies Profiled
6.1 Algae Tec
6.1.1 Algae Tec Corporation Information
6.1.2 Algae Tec Description and Business Overview
6.1.3 Algae Tec Algae Sales, Revenue and Gross Margin (2016-2021)
6.1.4 Algae Tec Product Portfolio
6.1.5 Algae Tec Recent Developments/Updates
6.2 Pond Biofuels Incorporated
6.2.1 Pond Biofuels Incorporated Corporation Information
6.2.2 Pond Biofuels Incorporated Description and Business Overview
6.2.3 Pond Biofuels Incorporated Algae Sales, Revenue and Gross Margin (2016-2021)
6.2.4 Pond Biofuels Incorporated Product Portfolio
6.2.5 Pond Biofuels Incorporated Recent Developments/Updates
6.3 LiveFuels
6.3.1 LiveFuels Corporation Information
6.3.2 LiveFuels Description and Business Overview
6.3.3 LiveFuels Algae Sales, Revenue and Gross Margin (2016-2021)
6.3.4 LiveFuels Product Portfolio
6.3.5 LiveFuels Recent Developments/Updates
6.4 Algae Systems
6.4.1 Algae Systems Corporation Information
6.4.2 Algae Systems Description and Business Overview
6.4.3 Algae Systems Algae Sales, Revenue and Gross Margin (2016-2021)
6.4.4 Algae Systems Product Portfolio
6.4.5 Algae Systems Recent Developments/Updates
6.5 Sapphire Energy
6.5.1 Sapphire Energy Corporation Information
6.5.2 Sapphire Energy Description and Business Overview
6.5.3 Sapphire Energy Algae Sales, Revenue and Gross Margin (2016-2021)
6.5.4 Sapphire Energy Product Portfolio
6.5.5 Sapphire Energy Recent Developments/Updates
6.6 Solazyme
6.6.1 Solazyme Corporation Information
6.6.2 Solazyme Description and Business Overview
6.6.3 Solazyme Algae Sales, Revenue and Gross Margin (2016-2021)
6.6.4 Solazyme Product Portfolio
6.6.5 Solazyme Recent Developments/Updates
6.7 Diversified Energy Corporation
6.6.1 Diversified Energy Corporation Corporation Information
6.6.2 Diversified Energy Corporation Description and Business Overview
6.6.3 Diversified Energy Corporation Algae Sales, Revenue and Gross Margin (2016-2021)
6.4.4 Diversified Energy Corporation Product Portfolio
6.7.5 Diversified Energy Corporation Recent Developments/Updates
6.8 Algenol
6.8.1 Algenol Corporation Information
6.8.2 Algenol Description and Business Overview
6.8.3 Algenol Algae Sales, Revenue and Gross Margin (2016-2021)
6.8.4 Algenol Product Portfolio
6.8.5 Algenol Recent Developments/Updates
6.9 Kai BioEnergy
6.9.1 Kai BioEnergy Corporation Information
6.9.2 Kai BioEnergy Description and Business Overview
6.9.3 Kai BioEnergy Algae Sales, Revenue and Gross Margin (2016-2021)
6.9.4 Kai BioEnergy Product Portfolio
6.9.5 Kai BioEnergy Recent Developments/Updates
6.10 Algix
6.10.1 Algix Corporation Information
6.10.2 Algix Description and Business Overview
6.10.3 Algix Algae Sales, Revenue and Gross Margin (2016-2021)
6.10.4 Algix Product Portfolio
6.10.5 Algix Recent Developments/Updates
6.11 DSM Nutritional Products
6.11.1 DSM Nutritional Products Corporation Information
6.11.2 DSM Nutritional Products Algae Description and Business Overview
6.11.3 DSM Nutritional Products Algae Sales, Revenue and Gross Margin (2016-2021)
6.11.4 DSM Nutritional Products Product Portfolio
6.11.5 DSM Nutritional Products Recent Developments/Updates
6.12 Dao Energy
6.12.1 Dao Energy Corporation Information
6.12.2 Dao Energy Algae Description and Business Overview
6.12.3 Dao Energy Algae Sales, Revenue and Gross Margin (2016-2021)
6.12.4 Dao Energy Product Portfolio
6.12.5 Dao Energy Recent Developments/Updates
6.13 Phycal
6.13.1 Phycal Corporation Information
6.13.2 Phycal Algae Description and Business Overview
6.13.3 Phycal Algae Sales, Revenue and Gross Margin (2016-2021)
6.13.4 Phycal Product Portfolio
6.13.5 Phycal Recent Developments/Updates
6.14 Kent BioEnergy Corporation
6.14.1 Kent BioEnergy Corporation Corporation Information
6.14.2 Kent BioEnergy Corporation Algae Description and Business Overview
6.14.3 Kent BioEnergy Corporation Algae Sales, Revenue and Gross Margin (2016-2021)
6.14.4 Kent BioEnergy Corporation Product Portfolio
6.14.5 Kent BioEnergy Corporation Recent Developments/Updates
7 Algae Manufacturing Cost Analysis
7.1 Algae Key Raw Materials Analysis
7.1.1 Key Raw Materials
7.1.2 Key Suppliers of Raw Materials
7.2 Proportion of Manufacturing Cost Structure
7.3 Manufacturing Process Analysis of Algae
7.4 Algae Industrial Chain Analysis
8 Marketing Channel, Distributors and Customers
8.1 Marketing Channel
8.2 Algae Distributors List
8.3 Algae Customers
9 Algae Market Dynamics
9.1 Algae Industry Trends
9.2 Algae Growth Drivers
9.3 Algae Market Challenges
9.4 Algae Market Restraints
10 Global Market Forecast
10.1 Algae Market Estimates and Projections by Type
10.1.1 Global Forecasted Sales of Algae by Type (2022-2030)
10.1.2 Global Forecasted Revenue of Algae by Type (2022-2030)
10.2 Algae Market Estimates and Projections by Application
10.2.1 Global Forecasted Sales of Algae by Application (2022-2030)
10.2.2 Global Forecasted Revenue of Algae by Application (2022-2030)
10.3 Algae Market Estimates and Projections by Region
10.3.1 Global Forecasted Sales of Algae by Region (2022-2030)
10.3.2 Global Forecasted Revenue of Algae by Region (2022-2030)
11 Research Finding and Conclusion
12 Methodology and Data Source
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Source
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Author List
12.4 Disclaimer
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