Home / Agriculture / Algae Products Market By Application (Nutraceuticals, Food & Feed Supplements, Pharmaceuticals, Paints & Colorants, Pollution Control, Others) - Growth, Future Prospects, Competitive Analysis, and Forecast 2016 - 2023

Algae Products Market By Application (Nutraceuticals, Food & Feed Supplements, Pharmaceuticals, Paints & Colorants, Pollution Control, Others) - Growth, Future Prospects, Competitive Analysis, and Forecast 2016 - 2023

Published: May 2016 | Report Code: 57848-05-16

Algae are a large group of various organisms from different phylogenetic groups. These organisms represent many taxonomic divisions. As a feedstock, algae are used for a large number of applications and products. Algae are used by humans for wide range of applications such as food, as biofilters to remove nutrients, in production of useful compounds and to remove pollutants from water bodies among others. On commercial scale algae are cultivated for neutraceuticals, chemicals, pharmaceuticals and aquaculture applications.

In the food & feed industry, algae are used as a protein source. It is a complete protein with essential amino acid which is involved in major metabolic processes which include enzyme production. It also has an extensive fatty acid profile such as Omega 3 and Omega 6 which plays a major role in production of energy. Hence, high demand is observed for algae products from the food & feed industry in the market. Cosmetic industry is also expected to boost high demand for algae products in the market. Algae are used in the cosmetics products as a raw material, specialized functional ingredients and as bulk extract formulations. Hence, huge scope is emerging for algae products from the cosmetics industry. Other applications such as paints & colorants, pollution control and others which include lubricants are also expected to boost strong demand for algae products in the market.

Algae products market is expected to reach US$ 44.7 Bn by 2023, growing at a CAGR of more than 5.2% during the forecast period 2016-2023.

Algae Products Market

Purpose of the Report

The purpose of this strategic research study titled “Global Algae Products Market - Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global algae products market.

Target Audience

  • Industry Investors
  • Algae Products Providers/Vendors
  • Research Professionals
  • Emerging Companies
  • Raw Material Suppliers/ Buyers
  • Product Suppliers/ Buyers
  • Research Institutes

USP and Key Offerings

The report titled “Global Algae Products Market - Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” offers strategic insights into the global algae products market along with the market size and estimates for the duration 2016 to 2023. The said research study covers in-depth analysis of multiple market segments based on applications, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading algae products vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within algae products industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2013 – 2014)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global algae products market, of growth, offering market size and estimates for the period from 2016 to 2023, keeping in mind the above mentioned factors.

Chapter 1 Preface 11
1.1 Report Description 11
1.1.1 Purpose of the Report 11
1.1.2 Target Audience 11
1.1.3 USP and Key Offerings 11
1.2 Research Scope 12
1.3 Market Segmentation 13
1.4 Research Methodology 14
1.4.1 Phase I – Secondary Research 14
1.4.2 Phase II – Primary Research 15
1.4.3 Phase III – Expert Panel Review 15
1.4.4 Approach Adopted 15

Chapter 2 Executive Summary 16
2.1 Market Snapshot: Global Algae Products Market 16
2.2 Global Algae Products Market, 2015, By Application,(US$ Mn) 17
2.3 Global Algae Products Market, 2015, By Geography,(US$ Mn) 18

Chapter 3 Market Dynamics 19
3.1 Introduction 19
3.2 Market Drivers 20
3.2.1 Growing demand for algae products from the nutraceuticals and pharmaceutical industries 20
3.2.2 Rise in health awareness among the consumer 21
3.3 Market Growth Inhibitors 21
3.3.1 Presence of various other cheap alternatives may challenge industry demand 21
3.4 Opportunities 22
3.4.1 Aquaculture offers huge market potential 22
3.4.2 Algae biofuels may provide a viable alternative to renewable energy 23
3.4.3 Impact Analysis of Drivers and Restraints 24
3.5 Competitive Analysis 25
3.5.1 Market Positioning of Key Companies 25

Chapter 4 Global Algae Products Market Analysis, By Applications 27
4.1 Overview 27
4.2 Nutraceuticals 28
4.2.1 Global Algae Products Market Volume and Revenue for Nutraceuticals, 2013 – 2023, (Kilo Tons) (US$ Mn) 28
4.3 Food & Feed Supplements 29
4.3.1 Global Algae Products Market Volume and Revenue for Food & Feed Supplements, 2013 – 2023, (Kilo Tons) (US$ Mn) 30
4.4 Pharmaceutical 30
4.4.1 Global Algae Products Market Volume and Revenue for Pharmaceutical, 2013 – 2023, (Kilo Tons) (US$ Mn) 31
4.5 Paints & Colorants 31
4.5.1 Global Algae Products Market Volume and Revenue for Paints & Colorants, 2013 – 2023, (Kilo Tons) (US$ Mn) 32
4.6 Pollution Control 32
4.6.1 Global Algae Products Market Volume and Revenue for Pollution Control, 2013 – 2023, (Kilo Tons) (US$ Mn) 33
4.7 Others (Lubricants, Cosmetics, etc.) 33
4.7.1 Global Algae Products Market Volume and Revenue for Others, 2013 – 2023, (Kilo Tons) (US$ Mn) 34

Chapter 5 North America Algae Products Market Analysis 35
5.1 Overview 35
5.1.1 North America Algae Products Market Volume and Revenue, 2013 – 2023, (Kilo Tons) (US$ Mn) 35
5.2 North America Algae Products Market Analysis, By Applications, 2013 – 2023,(Kilo Tons) (US$ Mn) 36
5.2.1 North America Algae Products Market Analysis, By Country, 2013 – 2023, (Kilo Tons) (US$ Mn) 37
5.2.2 U.S. 37
5.2.3 Canada 38

Chapter 6 Europe Algae Products Market Analysis 40
6.1 Overview 40
6.1.1 Europe Algae Products Market Volume and Revenue, 2013 – 2023, (Kilo Tons) (US$ Mn) 40
6.2 Europe Algae Products Market Analysis, By Applications, 2013 – 2023, (Kilo Tons) (US$ Mn) 41
6.3 Europe Algae Products Market Analysis, By Country, 2013 – 2023,(Kilo Tons) (US$ Mn) 42
6.3.1 Germany 42
6.3.2 France 43
6.3.3 UK 45
6.3.4 Rest of Europe 46

Chapter 7 Asia Pacific Algae Products Market Analysis 48
7.1 Overview 48
7.1.1 Asia Pacific Algae Products Market Volume and Revenue, 2013 – 2023, (Kilo Tons) (US$ Mn) 48
7.2 Asia Pacific Algae Products Market Analysis, By Applications, 2013 – 2023, (Kilo Tons)(US$ Mn) 49
7.3 Asia Pacific Algae Products Market Analysis, By Country, 2013 – 2023,(Kilo Tons) (US$ Mn) 50
7.3.1 China 50
7.3.2 India 51
7.3.3 Japan 53
7.3.4 Rest of Asia Pacific 54

Chapter 8 Latin America Algae Products Market Analysis 56
8.1 Overview 56
8.1.1 Latin America Algae Products Market Volume and Revenue, 2013 – 2023, (Kilo Tons) (US$ Mn) 56
8.2 Latin America Algae Products Market Analysis, By Applications, 2013 – 2023, (Kilo Tons) (US$ Mn) 57

Chapter 9 Middle East & Africa Algae Products Analysis 59
9.1 Overview 59
9.1.1 Middle East & Africa Algae Products Market Volume and Revenue, 2013 – 2023, (Kilo Tons) (US$ Mn) 59
9.2 Middle East & Africa a Algae Products Market Analysis, By Applications 2013 – 2023,(Kilo Tons) (US$ Mn) 60

Chapter 10 Company Profiles 62
10.1 Algaetech International 62
10.2 Aurora Algae 64
10.3 Cellana Inc. 65
10.4 DIC LIFETEC Co. Ltd. 66
10.5 Cyanotech Corporation. 67
10.6 Taau Australia Pty. Ltd. 69
10.7 Fuqing King DnarmsaSpirulina Co., Ltd 70
10.8 Alltech Algae 71
10.9 Parry Nutraceuticals 72
10.10 BlueBioTech International 73

List of Figures

FIG. 1 Global Algae Products: Market Segmentation 13
FIG. 2 Global Algae Products Market: Research Methodology 14
FIG. 3 Global Algae Products Market, 2015: By Applications,(US$ Mn) 17
FIG. 4 Global Algae Products Market, 2015: By Geography, (US$ Mn) 18
FIG. 5 Market Positioning of Key Algae Products Companies , 2015 25
FIG. 6 Global Algae Products Market Revenue, By Applications, 2015 & 2023, (US$ Mn) 27
FIG. 7 Global Algae Products Market Volume and Revenue for Nutraceuticals, 2013 – 2023, (Kilo Tons) (US$ Mn) 28
FIG. 8 Global Algae Products Market Volume and Revenue for Food & Feed Supplements, 2013 – 2023, (Kilo Tons) ( (US$ Mn) 30
FIG. 9 Global Algae Products Market Volume and Revenue for Pharmaceutical, 2013 – 2023, (Kilo Tons) ( (US$ Mn) 31
FIG. 10 Global Algae Products Market Volume and Revenue for Paints & Colorants, 2013 – 2023, (Kilo Tons) ( (US$ Mn) 32
FIG. 11 Global Algae Products Market Volume and Revenue for Pollution Control, 2013 – 2023, (Kilo Tons) ( (US$ Mn) 33
FIG. 12 Global Algae Products Market Volume and Revenue for Others, 2013 – 2023, (Kilo Tons) (US$ Mn) 34
FIG. 13 North America Algae Products Market Volume and Revenue, 2013 – 2023, (Kilo Tons)(US$ Mn) 35
FIG. 14 Europe Algae Products Market Volume and Revenue, 2013 – 2023, (Kilo Tons) (US$ Mn) 40
FIG. 15 Asia Pacific Algae Products Market Volume and Revenue, 2013 – 2023, (Kilo Tons) (US$ Mn) 48
FIG. 16 Latin America Algae Products Market Volume and Revenue, 2013 – 2023, (Kilo Tons) (US$ Mn) 56
FIG. 17 Middle East & Africa Algae Products Market Volume and Revenue, 2013 – 2023, (Kilo Tons) (US$ Mn) 59

List of Tables

TABLE 1 Market Snapshot: Global Algae Products Market 16
TABLE 2 Impact Indicators 24
TABLE 3 Impact Analysis of Drivers and Restraints 24
TABLE 4 North America Algae Products Market Revenue, By Applications, 2013 – 2023,(Kilo Tons) 36
TABLE 5 North America Algae Products Market Revenue, By Applications, 2013 – 2023, (US$ Mn) 37
TABLE 6 U.S. Algae Products Market Volume, By Applications, 2013 – 2023, (Kilo Tons) 38
TABLE 7 U.S. Algae Products Market Revenue, By Applications, 2013 – 2023,(US$ Mn) 38
TABLE 8 Canada Algae Products Market Volume, By Applications, 2013 – 2023, (Kilo Tons) 39
TABLE 9 Canada Algae Products Market Revenue, By Applications, 2013 – 2023, (US$ Mn) 39
TABLE 10 Europe Algae Products Market Volume, By Applications, 2013 – 2023, (Kilo Tons) 41
TABLE 11 Europe Algae Products Market Revenue, By Applications, 2013 – 2023, (US$ Mn) 42
TABLE 12 Germany Algae Products Market Volume, By Applications, 2013 – 2023,(Kilo Tons) 43
TABLE 13 Germany Algae Products Market Revenue, By Applications, 2013 – 2023,(US$ Mn) 43
TABLE 14 France Algae Products Market Volume, By Applications, 2013 – 2023,(Kilo Tons) 44
TABLE 15 France Algae Products Market Revenue, By Applications, 2013 – 2023,(US$ Mn) 44
TABLE 16 UK Algae Products Market Volume, By Applications, 2013 – 2023, (Kilo Tons) 45
TABLE 17 UK Algae Products Market Revenue, By Applications, 2013 – 2023, (US$ Mn) 46
TABLE 18 Rest of Europe Algae Products Market Volume, By Applications, 2013 – 2023, (Kilo Tons) 47
TABLE 19 Rest of Europe Algae Products Market Revenue, By Applications, 2013 – 2023, (US$ Mn) 47
TABLE 20 Asia Pacific Algae Products Market Volume, By Applications, 2013 – 2023, (Kilo Tons) 49
TABLE 21 Asia Pacific Algae Products Market Revenue, By Applications, 2013 – 2023, (US$ Mn) 50
TABLE 22 China Algae Products Market Volume, By Applications, 2013 – 2023, (Kilo Tons) 51
TABLE 23 China Algae Products Market Revenue, By Applications, 2013 – 2023, (US$ Mn) 51
TABLE 24 India Algae Products Market Volume, By Applications, 2013 – 2023, (Kilo Tons) 52
TABLE 25 India Algae Products Market Revenue, By Applications, 2013 – 2023, (US$ Mn) 52
TABLE 26 Japan Algae Products Market Volume, By Applications, 2013 – 2023, (Kilo Tons) 53
TABLE 27 Japan Algae Products Market Revenue, By Applications, 2013 – 2023, (US$ Mn) 54
TABLE 28 Rest of Asia Pacific Algae Products Market Volume, By Applications, 2013 – 2023,(Kilo Tons) 54
TABLE 29 Rest of Asia Pacific Algae Products Market Revenue, By Applications, 2013 – 2023,(US$ Mn) 55
TABLE 30 Latin America Algae Products Market Volume, By Applications, 2013 – 2023, (Kilo Tons) 57
TABLE 31 Latin America Algae Products Market Revenue, By Applications, 2013 – 2023, (US$ Mn) 58
TABLE 32 Middle East & Africa Algae Products Market Volume, By Applications, 2013 – 2023, (Kilo Tons) 60
TABLE 33 Middle East & Africa Algae Products Market Revenue, By Applications, 2013 – 2023,(US$ Mn) 61
TABLE 34 Algaetech International: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage) 62
TABLE 35 Aurora Algae : Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage) 64
TABLE 36 Cellana Inc. : Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage) 65
TABLE 37 DIC LIFETEC Co. Ltd. : Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage) 66
TABLE 38 Cyanotech Corporation.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage) 67
TABLE 39 Taau Australia Pty. Ltd. : Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage) 69
TABLE 40 Fuqing King DnarmsaSpirulina Co., Ltd: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage) 70
TABLE 41 Alltech Algae: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage) 71
TABLE 42 Parry Nutraceuticals : Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage) 72
TABLE 43 BlueBioTech International : Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage) 73

On the basis of its application, the algae products market is categorized into following segments:

  • Nutraceuticals
  • Food & Feed Supplements
  • Pharmaceuticals
  • Paints & Colorants
  • Pollution Control
  • Others

Algae Products Market

Algae are termed to be one of the vital microorganisms. On the basis of application, algae products market is segmented into food & feed supplements, neutraceuticals, paints & colorants, pollution control, pharmaceuticals and others. Among these, neutraceuticals dominated the global algae products market in 2016. Algae are a very rich source of active natural products and neutraceuticals. The neutraceuticals and pharmaceutical content in the algae strain is very diminutive, but the current value of these products in the market is very high. Increase in the use of algae biomass in the neutraceuticals sector is anticipated to provide an smart revenue stream for algae producers. The products under neutraceuticals form algae include dietary supplements, food supplements and non-food supplements such as tablets, capsules, etc. Food & feed supplements accounted as the second largest application segment of global algae products market. Microalgae are rich in proteins and many possess amino acid profile. It is also known as a protein source for various foods and feed application. It is highly used as protein source for fish meal in aquaculture. Hence, food and feed supplements are expected to generate high demand for algae products in the market. Other applications such as paints & colorants, pollution control, pharmaceuticals and other applications are also expected to boost market demand for algae products during the forecast period from 2016 to 2023.

On the basis of geography, the global algae products market is segmented into following categories,

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Latin America
  • Middle East & Africa

Algae Products Market

 
Europe accounted for the largest share of global algae products market in 2015. Growing demand for algae products from neutraceuticals and pharmaceutical industries in Europe has led to growth of algae products in the market. North America accounted as the second largest region for algae products market. The rising demand for algae from the nutraceuticals industry is anticipated to boost market demand for algae products in the region. High demand for natural colorant in North America food processing industry is another factor boosting growth of algae products market. The ability of algae to produce Omega-3 oils makes it a suitable product for replacing volatile priced fish oil and fishmeal products. Hence, high demand is reported for algae products from North America. Asia Pacific accounted as the third largest market for algae products and is expected to boost growth of global algae products market in the near future. Growing health awareness among the people is another factor driving the growth of algae products market in the region. Other regions such as Europe, Middle East & Africa and Rest of the World are also expected to contribute to the growth of global algae products market during the forecast period from 2016 to 2023.

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