The Infinium Global Research analyzes the Algae Products Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global algae products market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of algae products. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the algae products market during the period. The global algae products market is projected to grow at a CAGR of 5.1% over the forecast period of 2019-2025.
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SAPEC Acquired one-third Share of the Algaia
March 2019, Algaia SA, one of the leading company of France for algae-based products, has divested its 31% share to consolidate its business. SAPEC has acquired its 31% share. Now, the SAPEC has become the second big investor in this company after Maabarot Products Ltd. SAPAC is one of the major players in the fertilizers, chemicals and logistics industry. This investment is the company endeavor to enter the completely new sector to diversify its business. As per the SAPEC CEO Antoine Velge, algae-based products have significant growth opportunities in the near future, and for medium-term, hence the SAPAC has invested in this company.
The continuously growing trend of using healthy food among the young and middle-class consumers owing to the growing disposable income among these consumer group is helping to grow the demand for algae-based food products. Additionally, growing awareness among the animal farmers about the health benefits of regular application of algae-based feed for the animal is helping to grow the demand of the algae in the animal feed production. Further, the continuously growing application of the algae in the pharmaceutical sector for the preparation of the different type of medicine is helping to boost the growth of the market in the near future. However, the cost factor of the algae-based products is restricting the growth of the algae-based products in the potential regions.
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Segments in the Algae Products Industry
The global algae products market is segmented on the basis of type, source, form, and application. On the basis of type, the sub-markets include lipids, carrageenan, carotenoids, algal protein, alginate, and other types. On the basis of source, the sub-markets include brown algae, blue-green algae, red algae, green algae, and other sources. On the basis of form, the sub-markets include solid, and liquid. On the basis of application, the sub-markets include food and beverages, nutraceuticals and dietary supplements, feed, personal care products, pharmaceuticals, and other applications.
North America is the Largest Market of the Algae Products
Geographically, the algae products market is divided into the four regions namely, the North America, Europe, the Asia-Pacific, and RoW. North America is the largest market of the algae products owing to the presence of numerous company engaged in the pharmaceutical, food processing, feed manufacturing using algae for different products. Further, the presence of the large chunk of the consumers, who are aware for the health benefits of the algae products is helping to grow the demand of the different type of algae-based products in this region. Europe is the second-largest market for the algae-based product, after North America. The Asia-Pacific’s algae products market is expected to grow at the highest CAGR during the forecast period, owing to the growing awareness among the young, middle-class consumers and animal farmers about the health benefits about it.
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Key Players in the Algae Products Industry
The global algae products market comprises several players, some of few profiled companies in this report are Fenchem Biotek Ltd., Roquette Frères, Corbion N.V., Cp Kelco, Ingredion Incorporated, Kerry Group plc, DuPont de Nemours, Inc., Cargill, Incorporated, Cyanotech Corporation, and BASF SE, among others.
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Algae Products.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.