The global algae products market size is estimated to be valued at USD 4.7 billion in 2021 and projected to reach USD 6.4 billion by 2026, recording a CAGR of 6.3% during the forecast period. Various factors have played a major role in driving the algae products market growth across the globe. Algae possess properties that make them useful to be incorporated in diversified end products such as ice-creams, cakes, anti-obesity & anti-diabetic agents, aquatic feed ingredients, toothpaste, and moisturizers; their cultivation using both agriculture and aquaculture practices make algae unique among other agricultural products.
Primary and secondary metabolites, such as vitamins, proteins, carotenoids, and fatty acids, are extracted from algae as nutritional compounds, while other products such as agar, alginate, and hydrocolloids are used as gelling, thickening, suspending, and stabilizing agents.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=250538721
Opportunities: Growing demand in the pharmaceutical industry
The potential application of algae includes antimicrobials, antivirals, therapeutic proteins, drugs, antifungals in pharmaceutical industry. For an instance, the powerful water-soluble antioxidants found in algae are polyphenols, phycobiliproteins and vitamins. Antioxidants help in the inhibition of cancer growth by causing regression of premalignant lesions.
The food & beverages segment, by application, is projected to witness significant growth during the forecast period.
Algae-based ingredients have wide application in the food industry as texturizing & stabilizing agents, thickeners & gelling agents, and as supplements for health. For instance, the thickening property of alginate is useful in sauces, syrups, and toppings for ice cream. Other products that can be fortified with algae include dairy products (such as sour cream, chocolate milk, cheese) sushi, and gelatin. Pigments such as chlorophylls, carotenoids, and phycobiliproteins also have application as natural food colorants.
The North American region dominates the algae products market with the largest share in 2021.
Growing industries, such as food & beverage, nutraceutical, pharmaceutical, and dietary supplement, have significantly contributed to the growth of the algae products market in North America. The rising population in the country is another factor that is expected to boost the demand for algae products. An increase in health-conscious consumers has led to the increased use of lipids, such as omega-3 in nutraceutical and dietary supplement products, which has offered a market opportunity for algae-based omega-3 products.
Make an Inquiry @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=250538721
This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, DSM (Netherlands), BASF (Germany), DuPont (US), Cargill (US), E.I.D Parry (India), Corbion (Netherlands), and Cyanotech Corporation (US).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Address:630 Dundee Road Suite 430
State: IL 60062
Country: United States