Algae Products Market Size and Research Report to 2027
[Research Report] The algae products market was valued at US$ 2,405.5 million in 2019 and is projected to reach US$ 4,339.3 million by 2027; it is expected to grow at a CAGR of 7.8% from 2020 to 2027.
Algae are emerging as one of the most promising long-term, sustainable sources of fuel, food, feed, and other co-products for biomass and oils due to a large number of benefits and ease of its production. Algae have evolved over a billion years to efficiently produce and store energy, unlike any other known natural or engineered process. Furthermore, microalgae can be grown to have a high protein and oil content in order to produce either biofuels or animal feeds, or both. Moreover, microalgal biomass, rich in micronutrients, is already being used for dietary supplements to improve human health. The most critical application in the food market is the use of whole microalgae biomass as a food supplement. Microalgae are also used as a source of food ingredients, including carotenoids and omega-3 fatty acids. Similarly, agar is used as a gelatin substitute in the food industry and is used in the manufacturing of creams, sauces, mayonnaise, jellies, custards, puddings, processed cheese, and frozen dairy produce. It is also used in jams and marmalade for gelling and thickening, and as an anti-drying agent in bread and pastries. Further, agar is used as a thickener in ice creams and other desserts. Thus, algae products act as an alternative food source and food ingredient and drive the algae products market growth.
North America accounted for the highest market share in 2019. Further, Asia Pacific is projected to denote lucrative growth rate during the forecast period, i.e.,2020–2027. In the US and other parts of the world, algae are commonly used as dietary supplements that help boost the immune system, repair nerve tissue, normalize blood sugar, and provide added protein and fiber to the body. Algae have been harvested in China and Japan for use as human food for more than 4,000 years.
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Algae Products Market: Strategic Insights
Market Size Value in US$ 2,405.5 Million in 2019 Market Size Value by US$ 4,339.3 Million by 2027 Growth rate CAGR of 7.8% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Algae Products Market: Strategic Insights
| Market Size Value in | US$ 2,405.5 Million in 2019 |
| Market Size Value by | US$ 4,339.3 Million by 2027 |
| Growth rate | CAGR of 7.8% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Impact of COVID-19 Pandemic on Algae Products Market
The US has the highest number of confirmed cases of coronavirus, as compared with Canada and Mexico. The pandemic COVID-19 continues to enforce the temporary closure of retail stores and manufacturing plants in the countries of North America, signaling an unprecedented disruption of commerce. Retailers and brands are facing various short-term challenges regarding health and safety, supply chain, labor force, cash flow, consumer demand, and marketing. In North America, stores started closing in the beginning of March, and this trend is expected to continue as cities and states battle to contain the spread of the virus. Furthermore, COVID-19 pandemic is rapidly accelerating the tradition of digital commerce. As people are advised told to follow social distancing, e-commerce orders for medicines and essential food and beverages have become a survival tool for the people in North America.
Market Insights
Exponential Growth in Biofuel Market Arena
Over the past decade, the algae industry has struggled to maintain the biofuel market. However, the product has the potential to witness enormous scope once the manufacturers overcome the critical barriers associated with raw material manufacturing, capital costs, and production volumes. The introduction of biofuel mandates worldwide is expected to compel manufacturers to invest more in R&D during the forecast period to develop sustainable technology for algae fuel production. Moreover, biofuels are considered one of the most promising potential sources of renewable energy to address the global energy crisis and environmental issues. Microalgae biomass has shown the capacity for processing biofuels, chemicals, and bio-based goods, contributing to the transition from a petroleum-based economy to a bio-based economy. Algal biofuel offers advantages such as higher growth rate without food competition and minimal or no environmental impact. Biofuel produced from microalgae has low viscosity and low density compared with cellulosic biofuel with high caloric value, making algal biofuel more suitable for the application.
Source-Based Market Insights
Based on sources, the algae products market is segmented into brown algae, blue-green algae, red algae, green algae, and others. The brown algae segment led the algae products market in 2019.
Type-Based Market Insights
The algae products market is segmented based on the type into lipids, carrageenan, carotenoids, alginate, algal protein, and others. The carotenoids segment led the algae products market in 2019
Form-Based Market Insights
Algae products market is fragmented based on the Form into solid and liquid. The solid segment led the algae products market in 2019.
Application-Based Market Insights
Algae products market based on the application, is segmented into food and beverages, nutraceuticals and dietary supplements, personal care products, feed, pharmaceuticals, and others. The nutraceuticals & dietary supplements segment led the algae products market in 2019
Organic growth strategies are the commonly adopted strategies by companies to expand their market reach. Cyanotech Corporation, DSM, and Algatech Ltd are among the market players implementing this strategy to enlarge the customer base and gain significant market share globally, which, in turn, permits them maintain their brand name in the global algae products market.
Algae Products Market Report Scope
Algae Products Market Segmentation:
Algae Products Market–By Source
- Brown Algae
- Blue-Green Algae
- Red Algae
- Green Algae
- Others
Algae Products Market–By Type
- Lipids
- Carrageenan
- Carotenoids
- Alginate
- Algal Protein
- Others
Algae Products Market–By Form
- Solid
- Liquid
Algae Products Market–By Application
- Food and Beverages
- Nutraceuticals and Dietary Supplements
- Personal Care Products
- Feed
- Pharmaceuticals
- Other
Company Profiles
- Algatechnologies Ltd
- Algenol
- BASF SE
- Cargill Incorporated.
- Cellana Inc.
- Corbion nv
- CP Kelco (J.M. Huber- Corporation
- Cyanotech Corporation.
- DSM Nutritional Products AG
- E.I.D. Parry Limited
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Source , Type , Form , Application , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Iran, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The nutraceuticals and dietary supplements segment is the leading application in the market. Seaweeds are consumed in the form of nutraceuticals and dietary supplements, and complementary medicine across global. Algae became a promising source of ecological crops with several health benefits, which includes proteins such as antioxidants and Omega 3. The nutraceuticals and pharmaceutical industries make use of a considerable variety of algae species for the development of dietary supplements that are consumed by humans.
The North America region led the global algae products market in 2019. A rapid increase in the number of health diseases, such as heart diseases and obesity, has favored the demand for vegan seafood products, which shows substantial opportunities for the algae products market in North America.
Algae are emerging as one of the most promising long-term, sustainable sources of fuel, food, feed, and other co-products for biomass and oils due to a large number of benefits and ease of its production. Algae have evolved over a billion years to efficiently produce and store energy, unlike any other known natural or engineered process. Furthermore, microalgae can be grown to have a high protein and oil content in order to produce either biofuels or animal feeds, or both. Therefore, the alternate food source and food ingredient is driving the growth of algae products market across globe.
1. Introduction
1.1 Scope of The Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Algae Products Market – By Source
1.3.2 Global Algae Products Market – By Type
1.3.3 Global Algae Products Market – By Form
1.3.4 Global Algae Products Market – By Application
1.3.5 Global Algae Products Market – By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Algae Products Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Algae Products Market – North America PEST Analysis
4.2.2 Algae Products Market – Europe PEST Analysis
4.2.3 Algae Products Market – Asia-Pacific PEST Analysis
4.2.4 Algae Products Market – Middle East and Africa PEST Analysis
4.2.5 Algae Products Market – South America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Algae Products Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Alternate Food Source and Food Ingredient
5.1.2 Increased Use of Algae Products in Nutraceutical and Pharmaceutical
5.2 Market Restraints
5.2.1 Impact of Climate Change due to Harmful Algal Blooms (HABs)
5.3 Market Opportunities
5.3.1 Increased Use of Algae as a Colouring Agent
5.4 Future Trend
5.4.1 Exponential Growth in Biofuel Market Arena
5.5 Impact Analysis of Drivers and Restraints
6. Algae Products Market – Global Market Analysis
6.1 Algae Products Market Overview
6.2 Algae Products Market –Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Global Key Players
7. Algae Products Market Analysis – By Source-
7.1 Overview
7.2 Algae Products Market Breakdown, by Source, 2019 & 2027
7.3 Brown Algae
7.3.1 Overview
7.3.2 Brown Algae: Algae Products Market –Revenue and Forecast to 2027 (US$ Million)
7.4 Blue-Green Algae
7.4.1 Overview
7.4.2 Blue-Green Algae: Algae Products Market –Revenue and Forecast to 2027 (US$ Million)
7.5 Red Algae
7.5.1 Overview
7.5.2 Red Algae: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
7.6 Green Algae
7.6.1 Overview
7.6.2 Green Algae: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Algae Products Market –Revenue and Forecast to 2027 (US$ Million)
8. Algae Products Market Analysis – By Types
8.1 Overview
8.2 Algae Products Market Breakdown, by Type, 2019 & 2027
8.3 Lipid
8.3.1 Overview
8.3.2 Lipid: Algae Products Market –Revenue and Forecast to 2027 (US$ Million)
8.4 Carrageenan
8.4.1 Overview
8.4.2 Carrageenan: Algae Products Market –Revenue and Forecast to 2027 (US$ Million)
8.5 Carotenoids
8.5.1 Overview
8.5.2 Carotenoids: Algae Products Market – Revenue, and Forecast to 2027 (US$ Million)
8.6 Alginate
8.6.1 Overview
8.6.2 Alginate: Algae Products Market – Revenue, and Forecast to 2027 (US$ Million)
8.7 Algal Protein
8.7.1 Overview
8.7.2 Algal Protein: Algae Products Market – Revenue, and Forecast to 2027 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: Algae Products Market – Revenue, and Forecast to 2027 (US$ Million)
9. Algae Products Market Analysis – By Form
9.1 Overview
9.2 Algae Products Market Breakdown, by Form, 2019 & 2027
9.3 Solid
9.3.1 Overview
9.3.2 Solid: Algae Products Market –Revenue and Forecast to 2027 (US$ Million)
9.4 Liquid
9.4.1 Overview
9.4.2 Liquid: Algae Products Market –Revenue and Forecast to 2027 (US$ Million)
10. Algae Products Market Analysis – By Application
10.1 Overview
10.2 Algae Products Market Breakdown, by Application, 2019 & 2027
10.3 Food & Beverages
10.3.1 Overview
10.3.2 Food & Beverages: Algae Products Market –Revenue and Forecast to 2027 (US$ Million)
10.4 Nutraceuticals & Dietary Supplements
10.4.1 Overview
10.4.2 Nutraceuticals & Dietary Supplements : Algae Products Market –Revenue and Forecast to 2027 (US$ Million)
10.5 Personal Care Products
10.5.1 Overview
10.5.2 Personal Care Products: Algae Products Market –Revenue and Forecast to 2027 (US$ Million)
10.6 Feed
10.6.1 Overview
10.6.2 Feed: Algae Products Market –Revenue and Forecast to 2027 (US$ Million)
10.7 Pharmaceuticals
10.7.1 Overview
10.7.2 Pharmaceuticals: Algae Products Market –Revenue and Forecast to 2027 (US$ Million)
10.8 Others
10.8.1 Overview
10.8.2 Others: Algae Products Market –Revenue and Forecast to 2027 (US$ Million)
11. Algae Products Market – Geographic Analysis
11.1 Overview
11.2 North America: Algae Products Market
11.2.1 North America: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.2.2 North America: Algae Products Market, by Source
11.2.3 North America: Algae Products Market, by Type
11.2.4 North America: Algae Products Market, by Form
11.2.5 North America: Algae Products Market, by Application
11.2.6 North America: Algae Products Market, by Key Country
11.2.6.1 US: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.2.6.1.1 US: Algae Products Market, by Source
11.2.6.1.2 US: Algae Products Market, by Type
11.2.6.1.3 US: Algae Products Market, by Form
11.2.6.1.4 US: Algae Products Market, by Application
11.2.6.2 Canada: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.2.6.2.1 Canada: Algae Products Market, by Source
11.2.6.2.2 Canada: Algae Products Market, by Type
11.2.6.2.3 Canada: Algae Products Market, by Form
11.2.6.2.4 Canada: Algae Products Market, by Application
11.2.6.3 Mexico: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.2.6.3.1 Mexico: Algae Products Market, by Source
11.2.6.3.2 Mexico: Algae Products Market, by Type
11.2.6.3.3 Mexico: Algae Products Market, by Form
11.2.6.3.4 Mexico: Algae Products Market, by Application
11.3 Europe: Algae Products Market
11.3.1 Europe: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.3.2 Europe: Algae Products Market, By Source
11.3.3 Europe: Algae Products Market, By Type
11.3.4 Europe: Algae Products Market, By Form
11.3.5 Europe: Algae Products Market, By Application
11.3.6 Europe: Algae Products Market, By Country
11.3.6.1 France: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.3.6.1.1 France: Algae Products Market, by Source
11.3.6.1.2 France: Algae Products Market, by Type
11.3.6.1.3 France: Algae Products Market, by Form
11.3.6.1.4 France: Algae Products Market, by Application
11.3.6.2 Germany: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.3.6.2.1 Germany: Algae Products Market, by Source
11.3.6.2.2 Germany: Algae Products Market, by Type
11.3.6.2.3 Germany: Algae Products Market, by Form
11.3.6.2.4 Germany: Algae Products Market, by Application
11.3.6.3 Italy: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.3.6.3.1 Italy: Algae Products Market, by Source
11.3.6.3.2 Italy: Algae Products Market, by Type
11.3.6.3.3 Italy: Algae Products Market, by Form
11.3.6.3.4 Italy: Algae Products Market, by Application
11.3.6.4 UK: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.3.6.4.1 UK: Algae Products Market, by Source
11.3.6.4.2 UK: Algae Products Market, by Type
11.3.6.4.3 UK: Algae Products Market, by Form
11.3.6.4.4 UK: Algae Products Market, by Application
11.3.6.5 Russia: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.3.6.5.1 Russia: Algae Products Market, by Source
11.3.6.5.2 Russia: Algae Products Market, by Type
11.3.6.5.3 Russia: Algae Products Market, by Form
11.3.6.5.4 Russia: Algae Products Market, by Application
11.3.6.6 Rest of Europe: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.3.6.6.1 Rest of Europe: Algae Products Market, by Source
11.3.6.6.2 Rest of Europe: Algae Products Market, by Type
11.3.6.6.3 Rest of Europe: Algae Products Market, by Form
11.3.6.6.4 Rest of Europe: Algae Products Market, by Application
11.4 APAC: Algae Products Market
11.4.1 APAC: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.4.2 APAC: Algae Products Market, By Source
11.4.3 APAC: Algae Products Market, By Type
11.4.4 APAC: Algae Products Market, By Form
11.4.5 APAC: Algae Products Market, By Application
11.4.6 APAC: Algae Products Market, By Country
11.4.6.1 Australia: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.4.6.1.1 Australia: Algae Products Market, by Source
11.4.6.1.2 Australia: Algae Products Market, by Type
11.4.6.1.3 Australia: Algae Products Market, by Form
11.4.6.1.4 Australia: Algae Products Market, by Application
11.4.6.2 China: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.4.6.2.1 China: Algae Products Market, by Source
11.4.6.2.2 China: Algae Products Market, by Type
11.4.6.2.3 China: Algae Products Market, by Form
11.4.6.2.4 China: Algae Products Market, by Application
11.4.6.3 India: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.4.6.3.1 India: Algae Products Market, by Source
11.4.6.3.2 India: Algae Products Market, by Type
11.4.6.3.3 India: Algae Products Market, by Form
11.4.6.3.4 India: Algae Products Market, by Application
11.4.6.4 Japan: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.4.6.4.1 Japan: Algae Products Market, by Source
11.4.6.4.2 Japan: Algae Products Market, by Type
11.4.6.4.3 Japan: Algae Products Market, by Form
11.4.6.4.4 Japan: Algae Products Market, by Application
11.4.6.5 Rest of APAC: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.4.6.5.1 Rest of APAC: Algae Products Market, by Source
11.4.6.5.2 Rest of APAC: Algae Products Market, by Type
11.4.6.5.3 Rest of APAC: Algae Products Market, by Form
11.4.6.5.4 Rest of APAC: Algae Products Market, by Application
11.5 MEA: Algae Products Market
11.5.1 MEA: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.5.2 MEA: Algae Products Market, by Source
11.5.3 MEA: Algae Products Market, by Type
11.5.4 MEA: Algae Products Market, by Form
11.5.5 MEA: Algae Products Market, by Application
11.5.6 MEA: Algae Products Market, by Key Country
11.5.6.1 South Africa: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.5.6.1.1 South Africa: Algae Products Market, by Source
11.5.6.1.2 South Africa: Algae Products Market, by Type
11.5.6.1.3 South Africa: Algae Products Market, by Form
11.5.6.1.4 South Africa: Algae Products Market, by Application
11.5.6.2 Saudi Arabia: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.5.6.2.1 Saudi Arabia: Algae Products Market, by Source
11.5.6.2.2 Saudi Arabia: Algae Products Market, by Type
11.5.6.2.3 Saudi Arabia: Algae Products Market, by Form
11.5.6.2.4 Saudi Arabia: Algae Products Market, by Application
11.5.6.3 UAE: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.5.6.3.1 UAE: Algae Products Market, by Source
11.5.6.3.2 UAE: Algae Products Market, by Type
11.5.6.3.3 UAE: Algae Products Market, by Form
11.5.6.3.4 UAE: Algae Products Market, by Application
11.5.6.4 Iran: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.5.6.4.1 Iran: Algae Products Market, by Source
11.5.6.4.2 Iran: Algae Products Market, by Type
11.5.6.4.3 Iran: Algae Products Market, by Form
11.5.6.4.4 Iran: Algae Products Market, by Application
11.5.6.5 Rest of MEA: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.5.6.5.1 Rest of MEA: Algae Products Market, by Source
11.5.6.5.2 Rest of MEA: Algae Products Market, by Type
11.5.6.5.3 Rest of MEA: Algae Products Market, by Form
11.5.6.5.4 Rest of MEA: Algae Products Market, by Application
11.6 SAM: Algae Products Market
11.6.1 SAM: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.6.2 SAM: Algae Products Market, by Source
11.6.3 SAM: Algae Products Market, by Type
11.6.4 SAM: Algae Products Market, by Form
11.6.5 SAM: Algae Products Market, by Application
11.6.6 SAM: Algae Products Market, by Key Country
11.6.6.1 Brazil: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.6.6.1.1 Brazil: Algae Products Market, by Source
11.6.6.1.2 Brazil: Algae Products Market, by Type
11.6.6.1.3 Brazil: Algae Products Market, by Form
11.6.6.1.4 Brazil: Algae Products Market, by Application
11.6.6.2 Argentina: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.6.6.2.1 Argentina: Algae Products Market, by Source
11.6.6.2.2 Argentina: Algae Products Market, by Type
11.6.6.2.3 Argentina: Algae Products Market, by Form
11.6.6.2.4 Argentina: Algae Products Market, by Application
11.6.6.3 Rest of SAM: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
11.6.6.3.1 Rest of SAM: Algae Products Market, by Source
11.6.6.3.2 Rest of SAM: Algae Products Market, by Type
11.6.6.3.3 Rest of SAM: Algae Products Market, by Form
11.6.6.3.4 Rest of SAM: Algae Products Market, by Application
12. Impact of COVID-19 Pandemic on Global Algae Products Market
12.1 North America: Impact assessment of COVID-19 Pandemic
12.2 Europe: Impact assessment of COVID-19 Pandemic
12.3 Asia-Pacific: Impact assessment of COVID-19 Pandemic
12.4 Middle East and Africa: Impact assessment of COVID-19 Pandemic
12.5 South America: Impact assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Market Initiatives
13.2 Mergers and Acquisitions
13.3 New Product Development
14. Company Profiles
14.1 Algatech LTD
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Algenol
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 BASF SE
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Cargill, Incorporated.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Cellana Inc.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Corbion
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 CP Kelco
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Cyanotech Corporation
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 DSM
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 E.I.D. - Parry (India) Limited
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Glossary of Terms
LIST OF TABLES
Table 1. Algae Products Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. Carotenoids' colors, applications and biological activities
Table 3. North America: Algae Products Market, by Source – Revenue and Forecast to 2027 (US$ Million)
Table 4. North America: Algae Products Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 5. North America: Algae Products Market, by Form – Revenue and Forecast to 2027 (US$ Million)
Table 6. North America: Algae Products Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 7. North America Algae Products Market, by Country – Revenue and Forecast to 2027 (USD Million)
Table 8. US: Algae Products Market, by Source –Revenue and Forecast to 2027 (US$ Million)
Table 9. US: Algae Products Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 10. US: Algae Products Market, by Form –Revenue and Forecast to 2027 (US$ Million)
Table 11. US: Algae Products Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 12. Canada: Algae Products Market, by Source – Revenue and Forecast to 2027 (US$ Million)
Table 13. Canada: Algae Products Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 14. Canada: Algae Products Market, by Form – Revenue and Forecast to 2027 (US$ Million)
Table 15. Canada: Algae Products Market, by Application– Revenue and Forecast to 2027 (US$ Million)
Table 16. Mexico: Algae Products Market, by Source – Revenue and Forecast to 2027 (US$ Million)
Table 17. Mexico: Algae Products Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 18. Mexico: Algae Products Market, by Form – Revenue and Forecast to 2027 (US$ Million)
Table 19. Mexico: Algae Products Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 20. Europe Algae Products Market, By Source– Revenue and Forecast to 2027 (US$ Million)
Table 21. Europe Algae Products Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 22. Europe Algae Products Market, By Form– Revenue and Forecast to 2027 (US$ Million)
Table 23. Europe Algae Products Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 24. Europe Algae Products Market, by Country – Revenue and Forecast to 2027 (USD Million)
Table 25. France Algae Products Market, By Source – Revenue and Forecast to 2027 (US$ Million)
Table 26. France Algae Products Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 27. France Algae Products Market, By Form – Revenue and Forecast to 2027 (US$ Million)
Table 28. France Algae Products Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 29. Germany Algae Products Market, By Source – Revenue and Forecast to 2027 (US$ Million)
Table 30. Germany Algae Products Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 31. Germany Algae Products Market, By Form– Revenue and Forecast to 2027 (US$ Million)
Table 32. Germany Algae Products Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 33. Italy Algae Products Market, By Source– Revenue and Forecast to 2027 (US$ Million)
Table 34. Italy Algae Products Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 35. Italy Algae Products Market, By Form – Revenue and Forecast to 2027 (US$ Million)
Table 36. Italy Algae Products Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 37. UK Algae Products Market, By Source– Revenue and Forecast to 2027 (US$ Million)
Table 38. UK Algae Products Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 39. UK Algae Products Market, By Form – Revenue and Forecast to 2027 (US$ Million)
Table 40. UK Algae Products Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 41. Russia Algae Products Market, By Source– Revenue and Forecast to 2027 (US$ Million)
Table 42. Russia Algae Products Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 43. Russia Algae Products Market, By Form – Revenue and Forecast to 2027 (US$ Million)
Table 44. Russia Algae Products Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 45. Rest of Europe Algae Products Market, By Source– Revenue and Forecast to 2027 (US$ Million)
Table 46. Rest of Europe Algae Products Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 47. Rest of Europe Algae Products Market, By Form – Revenue and Forecast to 2027 (US$ Million)
Table 48. Rest of Europe Algae Products Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 49. APAC: Algae Products Market, by Source – Revenue and Forecast to 2027 (US$ Million)
Table 50. APAC: Algae Products Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 51. APAC: Algae Products Market, by Form– Revenue and Forecast to 2027 (US$ Million)
Table 52. APAC: Algae Products Market, by Application– Revenue and Forecast to 2027 (US$ Million)
Table 53. APAC Algae Products Market, by Country – Revenue and Forecast to 2027 (USD Million)
Table 54. Australia: Algae Products Market, By Source – Revenue and Forecast to 2027 (US$ Million)
Table 55. Australia: Algae Products Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 56. Australia: Algae Products Market, By Form – Revenue and Forecast to 2027 (US$ Million)
Table 57. Australia: Algae Products Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 58. China: Algae Products Market, By Source – Revenue and Forecast to 2027 (US$ Million)
Table 59. China: Algae Products Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 60. China: Algae Products Market, By Form– Revenue and Forecast to 2027 (US$ Million)
Table 61. China: Algae Products Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 62. India: Algae Products Market, By Source– Revenue and Forecast to 2027 (US$ Million)
Table 63. India: Algae Products Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 64. India: Algae Products Market, By Form – Revenue and Forecast to 2027 (US$ Million)
Table 65. India: Algae Products Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 66. Japan: Algae Products Market, By Source – Revenue and Forecast to 2027 (US$ Million)
Table 67. Japan: Algae Products Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 68. Japan: Algae Products Market, By Form– Revenue and Forecast to 2027 (US$ Million)
Table 69. Japan: Algae Products Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 70. Rest of APAC: Algae Products Market, By Source – Revenue and Forecast to 2027 (US$ Million)
Table 71. Rest of APAC: Algae Products Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 72. Rest of APAC: Algae Products Market, By Form – Revenue and Forecast to 2027 (US$ Million)
Table 73. Rest of APAC: Algae Products Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 74. MEA: Algae Products Market, by Source – Revenue and Forecast to 2027 (US$ Million)
Table 75. MEA: Algae Products Market Revenue Share, by Type (2019 and 2027)
Table 76. MEA: Algae Products Market, by Form– Revenue and Forecast to 2027 (US$ Million)
Table 77. MEA: Algae Products Market, by Application– Revenue and Forecast to 2027 (US$ Million)
Table 78. MEA Algae Products Market, by Country – Revenue and Forecast to 2027 (USD Million)
Table 79. South Africa: Algae Products Market, by Source– Revenue and Forecast to 2027 (US$ Million)
Table 80. South Africa: Algae Products Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 81. South Africa: Algae Products Market, by Form – Revenue and Forecast to 2027 (US$ Million)
Table 82. South Africa: Algae Products Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 83. Saudi Arabia: Algae Products Market, by Source– Revenue and Forecast to 2027 (US$ Million)
Table 84. Saudi Arabia: Algae Products Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 85. Saudi Arabia: Algae Products Market, by Form – Revenue and Forecast to 2027 (US$ Million)
Table 86. Saudi Arabia: Algae Products Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 87. UAE: Algae Products Market, by Source – Revenue and Forecast to 2027 (US$ Million)
Table 88. UAE: Algae Products Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 89. UAE: Algae Products Market, by Form– Revenue and Forecast to 2027 (US$ Million)
Table 90. UAE: Algae Products Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 91. Iran: Algae Products Market, by Source – Revenue and Forecast to 2027 (US$ Million)
Table 92. Iran: Algae Products Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 93. Iran: Algae Products Market, by Form– Revenue and Forecast to 2027 (US$ Million)
Table 94. Iran: Algae Products Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 95. Rest of MEA: Algae Products Market, by Source – Revenue and Forecast to 2027 (US$ Million)
Table 96. Rest of MEA: Algae Products Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 97. Rest of MEA: Algae Products Market, by Form – Revenue and Forecast to 2027 (US$ Million)
Table 98. Rest of MEA: Algae Products Market, by Application– Revenue and Forecast to 2027 (US$ Million)
Table 99. SAM: Algae Products Market, by Source– Revenue and Forecast to 2027 (US$ Million)
Table 100. SAM: Algae Products Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 101. SAM: Algae Products Market, by Form – Revenue and Forecast to 2027 (US$ Million)
Table 102. SAM: Algae Products Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 103. SAM Algae Products Market, by Country – Revenue and Forecast to 2027 (USD Million)
Table 104. Brazil: Algae Products Market, by Source– Revenue and Forecast to 2027 (US$ Million)
Table 105. Brazil: Algae Products Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 106. Brazil: Algae Products Market, by Form – Revenue and Forecast to 2027 (US$ Million)
Table 107. Brazil: Algae Products Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 108. Argentina: Algae Products Market, by Source – Revenue and Forecast to 2027 (US$ Million)
Table 109. Argentina: Algae Products Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 110. Argentina: Algae Products Market, by Form– Revenue and Forecast to 2027 (US$ Million)
Table 111. Argentina: Algae Products Market, by Application– Revenue and Forecast to 2027 (US$ Million)
Table 112. Rest of SAM: Algae Products Market, by Source – Revenue and Forecast to 2027 (US$ Million)
Table 113. Rest of SAM: Algae Products Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 114. Rest of SAM: Algae Products Market, by Form – Revenue and Forecast to 2027 (US$ Million)
Table 115. Rest of SAM: Algae Products Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 116. Glossary of Term: Algae Products Market
LIST OF FIGURES
Figure 1. Algae Products Market Segmentation
Figure 2. Algae Products Market Segmentation – BY Region
Figure 3. Global Algae Products Market- Geographical Analysis
Figure 4. Global Algae Products Market Overview
Figure 5. Solid segment is expected to dominate the market by form
Figure 6. Red Algae segment is expected to witness high growth during the forecast period 2020-2027
Figure 7. Carrageenan segment is expected to witness high growth during the forecast period 2020-2027
Figure 8. Nutraceuticals and Dietary Supplements is expected to hold the major market share by application during the forecast period
Figure 9. North America – PEST Analysis
Figure 10. Europe- PEST Analysis
Figure 11. Asia-Pacific- PEST Analysis
Figure 12. Middle East and Africa- PEST Analysis
Figure 13. South America- PEST Analysis
Figure 14. Algae Products Market, Ecosystem
Figure 15. Algae Products Market Impact Analysis of Drivers and Restraints
Figure 16. Global Algae Products Market
Figure 17. Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Algae Products Market Breakdown, by Source (2019 and 2027)
Figure 19. Brown Algae: Algae Products Market –Revenue and Forecast to 2027 (US$ Million)
Figure 20. Blue-Green Algae Market Revenue and Forecast to 2027 (US$ Million)
Figure 21. Red Algae: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Green Algae: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Others: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Algae Products Market Breakdown, by Type (2019 and 2027)
Figure 25. Lipid: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Carrageenan: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Carotenoids: Algae Products Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 28. Alginate: Algae Products Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 29. Algal Protein: Algae Products Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 30. Others: Algae Products Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 31. Algae Products Market Breakdown, by Form (2019 and 2027)
Figure 32. Solid: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. Liquid: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34. Algae Products Market Breakdown, by Application (2019 and 2027)
Figure 35. Food & Beverages: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 36. Nutraceuticals & Dietary Supplements: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 37. Personal Care Products: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 38. Feed: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 39. Pharmaceuticals: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 40. Others: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 41. Algae Products Market Revenue Share, By Region (2019 and 2027)
Figure 42. North America: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 43. North America: Algae Products Market Revenue Share, by Source (2019 and 2027)
Figure 44. North America: Algae Products Market Revenue Share, by Type (2019 and 2027)
Figure 45. North America: Algae Products Market Revenue Share, by Form (2019 and 2027)
Figure 46. North America: Algae Products Market Revenue Share, by Application (2019 and 2027)
Figure 47. North America: Algae Products Market Revenue Share, by Key Country (2019 and 2027)
Figure 48. US: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 49. Canada: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 50. Mexico: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 51. Europe: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 52. Europe: Algae Products Market Revenue Share, By Source (2019 and 2027)
Figure 53. Europe: Algae Products Market Revenue Share, By Type (2019 and 2027)
Figure 54. Europe: Algae Products Market Revenue Share, By Form (2019 and 2027)
Figure 55. Europe: Algae Products Market Revenue Share, By Application (2019 and 2027)
Figure 56. Europe: Algae Products Market Revenue Share, By Country (2019 and 2027)
Figure 57. France: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 58. Germany: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 59. Italy: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 60. UK: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 61. Russia: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 62. Rest of Europe: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 63. APAC: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 64. APAC: Algae Products Market Revenue Share, By Source (2019 and 2027)
Figure 65. APAC: Algae Products Market Revenue Share, By Type (2019 and 2027)
Figure 66. APAC: Algae Products Market Revenue Share, By Form (2019 and 2027)
Figure 67. APAC: Algae Products Market Revenue Share, By Application (2019 and 2027)
Figure 68. APAC: Algae Products Market Revenue Share, By Country (2019 and 2027)
Figure 69. Australia: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 70. China: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 71. India: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 72. Japan: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 73. Rest of APAC: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 74. MEA: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 75. MEA: Algae Products Market Revenue Share, by Source (2019 and 2027)
Figure 76. MEA: Algae Products Market Revenue Share, by Type (2019 and 2027)
Figure 77. MEA: Algae Products Market Revenue Share, by Form (2019 and 2027)
Figure 78. MEA: Algae Products Market Revenue Share, by Application (2019 and 2027)
Figure 79. MEA: Algae Products Market Revenue Share, by Key Country (2019 and 2027)
Figure 80. South Africa: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 81. Saudi Arabia: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 82. UAE: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 83. Iran: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 84. Rest of MEA: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 85. SAM: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 86. SAM: Algae Products Market Revenue Share, by Source (2019 and 2027)
Figure 87. SAM: Algae Products Market Revenue Share, by Type (2019 and 2027)
Figure 88. SAM: Algae Products Market Revenue Share, by Form (2019 and 2027)
Figure 89. SAM: Algae Products Market Revenue Share, by Application (2019 and 2027)
Figure 90. SAM: Algae Products Market Revenue Share, by Key Country (2019 and 2027)
Figure 91. Brazil: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 92. Argentina: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 93. Rest of SAM: Algae Products Market – Revenue and Forecast to 2027 (US$ Million)
Figure 94. Impact of COVID-19 Pandemic in North American Country Markets
Figure 95. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 96. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 97. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 98. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Algae Products Market
- Algatech LTD
- Algenol
- BASF SE
- Cargill, Incorporated
- Cellana Inc.
- Corbion
- CP Kelco
- Cyanotech Corporation
- DSM
- E.I.D. - Parry (India) Limited
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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