Algae Products Market Size, Scope, and Share by 2027
Algae Products Market: Strategic Insights
Algae Products Market
-
CAGR (2019 - 2027)7.8% -
Market Size 2019
US$ 2.41 Billion -
Market Size 2027
US$ 4.34 Billion
Market Dynamics
GROWTH DRIVERS
- Increase in demand for plant-based products
- Growth in algae-derived products for food, cosmetics, and pharmaceuticals
FUTURE TRENDS
- Expansion in algae-based food and supplement markets
- Increasing use of algae in biofuels and sustainable food production
OPPORTUNITIES
- Growth in eco-friendly product applications
- Expansion of algae-based products in industries like food, cosmetics, and pharmaceuticals
Key Players
- Algatech LTD
- Algenol
- BASF SE
- Cargill Incorporated
- Cellana Inc
- Corbion
- CP Kelco
- Cyanotech Corporation
- DSM
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Source
- Brown Algae
- Blue-Green Algae
- Red Algae
- Green Algae
Type
- Lipids
- Carrageenan
- Carotenoids
- Alginate
- Algal Protein
Form
- Solid
- Liquid
Application
- Food and Beverages
- Nutraceuticals and Dietary Supplements
- Personal Care Products
- Feed
- Pharmaceuticals