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Industrial Algae Market by Cultivation Technology (Open Pond Cultivation Technology, Raceway Pond Cultivation Technology, Closed Photo Bioreactor Cultivation Technology, Closed Fermenter Systems Cultivation Technology) by Distribution Channel (Marine Sector, Aviation Sector, Road Transport, DHA Production (Protein Sales), DHA Production (Pharmaceutical Applications), Bioplastics, Others): Global Industry Size, Share, Statistics and Forecast 2015 – 2027

Name: Industrial Algae Market - Demand, Size and Competitive Analysis
Creator: Credence Research Inc.
Published: 2021-12-22
License: https://www.credenceresearch.com/info/privacy-policy
Keywords: Industrial Algae Market

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Industrial Algae Market Analysis

The industrial algae market includes several applications of algae. Today, algae are used as a cleaner alternative and an essential ingredient for food, cosmetics, fuel, transport, pharmaceuticals, and textile. As a result, the industrial algae market is expanding at a flourishing rate. Covid and the overall increase in health and environmental awareness are helping the global market for industrial algae reach new heights each passing second.

The Global Industrial Algae market is expected to witness a CAGR of 9.03% during the forecast period. The revenue generated by the global Industrial Algae market in 2020 was over USD 5,125 million and is expected to generate revenue worth USD 10,333 million in 2027. Therefore, the incremental growth opportunity offered by the global Industrial Algae is estimated to be USD 58,311 million between 2021 and 2027

Chemicals

Interesting Facts about Industrial Algae Industry

There are 40,000 plus varieties of algae found around the world
Algae found mainly in marine and freshwater ENVIRONMENT
Algae is capable of removing the huge amount of carbon dioxide
Industrial algae are widely used in the preparation of food ingredients
Industrial algae production cost is around USD 1,000 to USD 1,250

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Recent Trends and Role of Covid’19

The industrial algae sector has been experiencing a steady increase over the years. Recently, it has been one of the few international markets that saw a favorable trend even amidst the uprise of Covid’19. Today, the global market for industrial algae is worth more than USD 10.3 billion and is expected to reach around $6.5 billion by 2026.

The pandemic has caused heavy reliance on healthy alternatives. People prefer spending a bit more on commodities that don’t harm their well-being. The shift in the behavioral trend is encouraging manufacturers to shift towards using healthier substitutes to promote medical assurance. The increased demand for nutritious and eco-friendly commodities ensures the high potential for the future of industrial algae. As supply continues to rise, the industrial algae sector will experience a higher than forecasted growth in the years to come.

Increasing attention on weight-consciousness and skincare

The industrial algae sector has been thriving for quite a few years. The first driver is the increasing attention on weight consciousness and skincare. Algae are essential highlights of dietary supplements and anti-aging and glowing skincare products. That’s why it’s no surprise that as the significance of the skincare routine continues to rise, so does the development of the industrial algae sector.

Environmental protection

Moreover, environmental protection is one of the most trending concepts nowadays. Because of this, cost-efficient and green-friendly substitutes are being preferred more by the consumer side. The worldwide industrial algae market continues to rise in fame due to algae’s bio-hydrogen and biodiesel attributes. Algae-based products are effective not just for human food but for livestock and land-based crops.

Marine Sector, Aviation Sector, Road Transport, DHA Production (Protein Sales), DHA Production (Pharmaceutical Applications), Bioplastics, and Others are some of the beneficiaries of industrial algae. The demand for industrial algae is mainly driven by the growing use of algae in the aforementioned industries.

Technological advancements

Open Pond Cultivation Technology, Raceway Pond Cultivation Technology, Closed Photo Bioreactor Cultivation Technology, and Closed Fermenter Systems Cultivation Technology are the most essential and prominent cultivation technologies used by the manufacturers. Technological advancements are leading to better and more extensive research and development procedures. As a result, they are helping to offer cheaper and easier algae extraction and production methods. Because of that, the interest of manufacturers in using algae for their production continues to grow even more.

Furthermore, demand for industrial algae continues to peak in the pharmaceutical industry. Algae are known for their antibacterial, antifungal, and therapeutic features. That’s why medical companies and research firms have started using industrial algae for manufacturing health supplements to reduce diseases and promote fitness.

High Cost of Technology

Even though more algae extraction procedures continue to develop, the cost of buying and using such advanced equipment is still relatively high. And that’s the primary restraint smaller manufacturers or less-developed economies face today. So, although industrial algae are cheaper than their substitutes, their extraction is undoubtedly a costly milestone to overcome.

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Some of the major players who have incurred colossal R&D investment include but are not limited to Algenol, Sapphire Energy, Inc., Solazyme, Inc., Diversified Energy Corporation, DSM Nutritional Products, Dao Energy, Kai BioEnergy Corp., Algix, Algae Tec, Pond Biofuels Incorporated, LiveFuels, Inc, Algae Systems LLC, LLC, Phycal LLC, and Kent BioEnergy Corporation.

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Research Methodology

1.3.1. Phase I – Secondary Research

1.3.2. Phase II – Primary Research

1.3.3. Phase III – Expert Panel Review

1.3.4. Approach Adopted

1.3.4.1. Top-Down Approach

1.3.4.2. Bottom-Up Approach

1.3.5. Assumptions

1.4. Market Segmentation

2. Executive Summary

2.1. Market Snapshot: Global Industrial Algae Market

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Industrial Algae Market Value, 2015-2027, (US$ Bn)

3.2. Market Dynamics

3.2.1. Key Growth Trends

3.2.2. Major Industry Challenges

3.2.3. Key Growth Pockets

3.3. Attractive Investment Proposition,2020

3.3.1. Cultivation Technology

3.3.2. Application

3.3.3. End-user

3.3.4. Geography

3.4. Porter’s Five Forces Analysis

3.4.1. Threat of New Entrants

3.4.2. Bargaining Power of Buyers/Consumers

3.4.3. Bargaining Power of Suppliers

3.4.4. Threat of Substitute Cultivation Technologys

3.4.5. Intensity of Competitive Rivalry

3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2020

4.1. Company market share of key players, 2020

4.2. Top 6 Players

4.3. Top 3 Players

4.4. Major Strategies Adopted by Key Players

5. COVID 19 Impact Analysis

5.1. Global Industrial Algae Market Pre Vs Post COVID 19, 2019 – 2027

5.2. Impact on Import & Export

5.3. Impact on Demand & Supply

6. North America

6.1. North America Industrial Algae Market, by Country, 2015-2027(US$ Bn)

6.1.1. U.S.

6.1.2. Canada

6.1.3. Mexico

6.2. North America Industrial Algae Market, by End-user, 2015-2027(US$ Bn)

6.2.1. Overview

6.2.2. Open Pond Cultivation Technology

6.2.3. Raceway Pond Cultivation Technology

6.2.4. Closed Photo Bioreactor Cultivation Technology

6.2.5. Closed Fermenter Systems Cultivation Technology

6.3. North America Industrial Algae Market, by Application, 2015-2027(US$ Bn)

6.3.1. Overview

6.3.2. Marine Sector

6.3.3. Aviation Sector

6.3.4. Road Transport

6.3.5. DHA Production (Protein Sales)

6.3.6. DHA Production (Pharmaceutical Applications)

6.3.7. Bioplastics

6.3.8. Others

7. Europe

7.1. Europe Industrial Algae Market, by Country, 2015-2027(US$ Bn)

7.1.1. UK

7.1.2. France

7.1.3. Germany

7.1.4. Italy

7.1.5. Russia

7.1.6. Spain

7.1.7. Belgium

7.1.8. Netherland

7.1.9. Austria

7.1.10. Sweden

7.1.11. Poland

7.1.12. Denmark

7.1.13. Switzerland

7.1.14. Rest of Europe

7.2. Europe Industrial Algae Market, by End-user, 2015-2027(US$ Bn)

7.2.1. Overview

7.2.2. Open Pond Cultivation Technology

7.2.3. Raceway Pond Cultivation Technology

7.2.4. Closed Photo Bioreactor Cultivation Technology

7.2.5. Closed Fermenter Systems Cultivation Technology

7.3. Europe Industrial Algae Market, by Application, 2015-2027(US$ Bn)

7.3.1. Overview

7.3.2. Marine Sector

7.3.3. Aviation Sector

7.3.4. Road Transport

7.3.5. DHA Production (Protein Sales)

7.3.6. DHA Production (Pharmaceutical Applications)

7.3.7. Bioplastics

7.3.8. Others

8. Asia Pacific

8.1. Asia Pacific Industrial Algae Market, by Country, 2015-2027(US$ Bn)

8.1.1. China

8.1.2. Japan

8.1.3. South Korea

8.1.4. India

8.1.5. Australia

8.1.6. New Zealand

8.1.7. Taiwan

8.1.8. Southeast Asia

8.1.9. Central Asia

8.1.10. Rest of Asia Pacific

8.2. Asia Pacific Industrial Algae Market, by End-user, 2015-2027(US$ Bn)

8.2.1. Overview

8.2.2. Open Pond Cultivation Technology

8.2.3. Raceway Pond Cultivation Technology

8.2.4. Closed Photo Bioreactor Cultivation Technology

8.2.5. Closed Fermenter Systems Cultivation Technology

8.3. Asia Pacific Industrial Algae Market, by Application, 2015-2027(US$ Bn)

8.3.1. Overview

8.3.2. Marine Sector

8.3.3. Aviation Sector

8.3.4. Road Transport

8.3.5. DHA Production (Protein Sales)

8.3.6. DHA Production (Pharmaceutical Applications)

8.3.7. Bioplastics

8.3.8. Others

9. Latin America

9.1. Latin America Industrial Algae Market, by Country, 2015-2027(US$ Bn)

9.1.1. Brazil

9.1.2. Argentina

9.1.3. Peru

9.1.4. Chile

9.1.5. Colombia

9.1.6. Rest of Latin America

9.2. Latin America Industrial Algae Market, by End-user, 2015-2027(US$ Bn)

9.2.1. Overview

9.2.2. Open Pond Cultivation Technology

9.2.3. Raceway Pond Cultivation Technology

9.2.4. Closed Photo Bioreactor Cultivation Technology

9.2.5. Closed Fermenter Systems Cultivation Technology

9.3. Latin America Industrial Algae Market, by Application, 2015-2027(US$ Bn)

9.3.1. Overview

9.3.2. Marine Sector

9.3.3. Aviation Sector

9.3.4. Road Transport

9.3.5. DHA Production (Protein Sales)

9.3.6. DHA Production (Pharmaceutical Applications)

9.3.7. Bioplastics

9.3.8. Others

10. Middle East

10.1. Middle East Industrial Algae Market, by Country, 2015-2027(US$ Bn)

10.1.1. UAE

10.1.2. KSA

10.1.3. Israel

10.1.4. Turkey

10.1.5. Iran

10.1.6. Rest of Middle East

10.2. Middle East Industrial Algae Market, by End-user, 2015-2027(US$ Bn)

10.2.1. Overview

10.2.2. Open Pond Cultivation Technology

10.2.3. Raceway Pond Cultivation Technology

10.2.4. Closed Photo Bioreactor Cultivation Technology

10.2.5. Closed Fermenter Systems Cultivation Technology

10.3. Middle East Industrial Algae Market, by Application, 2015-2027(US$ Bn)

10.3.1. Overview

10.3.2. Marine Sector

10.3.3. Aviation Sector

10.3.4. Road Transport

10.3.5. DHA Production (Protein Sales)

10.3.6. DHA Production (Pharmaceutical Applications)

10.3.7. Bioplastics

10.3.8. Others

11. Africa

11.1. Africa Industrial Algae Market, by Country, 2015-2027(US$ Bn)

11.1.1. South Africa

11.1.2. Egypt

11.1.3. Nigeria

11.1.4. Rest of Africa

11.2. Africa Industrial Algae Market, by End-user, 2015-2027(US$ Bn)

11.2.1. Overview

11.2.2. Open Pond Cultivation Technology

11.2.3. Raceway Pond Cultivation Technology

11.2.4. Closed Photo Bioreactor Cultivation Technology

11.2.5. Closed Fermenter Systems Cultivation Technology

11.3. Africa Industrial Algae Market, by Application, 2015-2027(US$ Bn)

11.3.1. Overview

11.3.2. Marine Sector

11.3.3. Aviation Sector

11.3.4. Road Transport

11.3.5. DHA Production (Protein Sales)

11.3.6. DHA Production (Pharmaceutical Applications)

11.3.7. Bioplastics

11.3.8. Others

12. Global

12.1. Global Industrial Algae Market, by Cultivation Technology, 2015-2027(US$ Bn)

12.1.1. Overview

12.1.2. Open Pond Cultivation Technology

12.1.3. Raceway Pond Cultivation Technology

12.1.4. Closed Photo Bioreactor Cultivation Technology

12.1.5. Closed Fermenter Systems Cultivation Technology

12.2. Global Industrial Algae Market, by Application, 2015-2027(US$ Bn)

12.2.1. Overview

12.2.2. Marine Sector

12.2.3. Aviation Sector

12.2.4. Road Transport

12.2.5. DHA Production (Protein Sales)

12.2.6. DHA Production (Pharmaceutical Applications)

12.2.7. Bioplastics

12.2.8. Others

13. Company Profiles

13.1. Algae Tec

13.2. Pond Biofuels Incorporated

13.3. LiveFuels, Inc

13.4. Algae Systems LLC

13.5. Sapphire Energy, Inc.

13.6. Solazyme, Inc.

13.7. Diversified Energy Corporation

13.8. Algenol

13.9. Kai BioEnergy Corp.

13.10. Algix

13.11. DSM Nutritional Products

13.12. Dao Energy, LLC

13.13. Phycal LLC

13.14. Kent BioEnergy Corporation

13.15. Others

List of Figures

FIG. 1 Global Industrial Algae Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Industrial Algae Market Segmentation

FIG. 4 Global Industrial Algae Market, by Cultivation Technology, 2019 (US$ Bn)

FIG. 5 Global Industrial Algae Market, by Application, 2019 (US$ Bn)

FIG. 6 Global Industrial Algae Market, by Geography, 2019 (US$ Bn)

FIG. 7 Attractive Investment Proposition, by Geography, 2019

FIG. 8 Global Market Positioning of Key Industrial Algae Market Manufacturers, 2019

FIG. 9 Global Industrial Algae Market Value Contribution, By Cultivation Technology, 2020 & 2027 (Value %)

FIG. 10 Global Industrial Algae Market, by Open Pond Cultivation Technology, Value, 2015-2027 (US$ Bn)

FIG. 11 Global Industrial Algae Market, by Raceway Pond Cultivation Technology, Value, 2015-2027 (US$ Bn)

FIG. 12 Global Industrial Algae Market, by Closed Photo Bioreactor Cultivation Technology, Value, 2015-2027 (US$ Bn)

FIG. 13 Global Industrial Algae Market, by Closed Fermenter Systems Cultivation Technology, Value, 2015-2027 (US$ Bn)

FIG. 14 Global Industrial Algae Market Value Contribution, By Application, 2020 & 2027 (Value %)

FIG. 15 Global Industrial Algae Market, by Marine Sector, Value, 2015-2027 (US$ Bn)

FIG. 16 Global Industrial Algae Market, by Aviation Sector, Value, 2015-2027 (US$ Bn)

FIG. 17 Global Industrial Algae Market, by Road Transport, Value, 2015-2027 (US$ Bn)

FIG. 18 Global Industrial Algae Market, by DHA Production (Protein Sales), Value, 2015-2027 (US$ Bn)

FIG. 19 Global Industrial Algae Market, by DHA Production (Pharmaceutical Applications), Value, 2015-2027 (US$ Bn)

FIG. 20 Global Industrial Algae Market, by Bioplastics, Value, 2015-2027 (US$ Bn)

FIG. 21 U.S. Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 22 Rest of North America Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 23 U.K. Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 24 Germany Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 25 France Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 26 Italy Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 27 Spain Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 28 Russia Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 29 BENELUX Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 30 Poland Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 31 Austria Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 32 Rest of Europe Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 33 Japan Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 34 China Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 35 India Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 36 South Korea Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 37 Australia Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 38 Southeast Asia Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 39 Rest of Asia Pacific Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 40 Middle East & Africa Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 41 South Africa Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 42 Nigeria Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 43 Egypt Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 44 GCC Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 45 Israel Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 46 Latin America Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 47 Mechanicalzil Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 48 Argentina Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 49 Colombia Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 50 Peru Industrial Algae Market, 2015-2027 (US$ Bn)

FIG. 51 Chile Industrial Algae Market, 2015-2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Beauty Devices (Industrial Algae) Market

TABLE 2 Global Industrial Algae Market, by Cultivation Technology, 2015-2027 (US$ Bn)

TABLE 3 Global Industrial Algae Market, by Application, 2015-2027 (US$ Bn)

TABLE 4 Global Industrial Algae Market, by Geography, 2015-2027 (US$ Bn)

TABLE 5 North America Industrial Algae Market, by Cultivation Technology, 2015-2027 (US$ Bn)

TABLE 6 North America Industrial Algae Market, by Application, 2015-2027 (US$ Bn)

TABLE 7 North America Industrial Algae Market, by Country, 2015-2027 (US$ Bn)

TABLE 8 Europe Industrial Algae Market, by Cultivation Technology, 2015-2027 (US$ Bn)

TABLE 9 Europe Industrial Algae Market, by Application, 2015-2027 (US$ Bn)

TABLE 10 Europe Industrial Algae Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 11 Asia Pacific Industrial Algae Market, by Cultivation Technology, 2015-2027 (US$ Bn)

TABLE 12 Asia Pacific Industrial Algae Market, by Application, 2015-2027 (US$ Bn)

TABLE 13 Asia Pacific Industrial Algae Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 14 Latin America Industrial Algae Market, by Cultivation Technology, 2015-2027 (US$ Bn)

TABLE 15 Latin America Industrial Algae Market, by Application, 2015-2027 (US$ Bn)

TABLE 16 Latin America Industrial Algae Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 17 Middle East Industrial Algae Market, by Cultivation Technology, 2015-2027 (US$ Bn)

TABLE 18 Middle East Industrial Algae Market, by Application, 2015-2027 (US$ Bn)

TABLE 19 Middle East Industrial Algae Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 20 Africa Industrial Algae Market, by Cultivation Technology, 2015-2027 (US$ Bn)

TABLE 21 Africa Industrial Algae Market, by Application, 2015-2027 (US$ Bn)

TABLE 22 Africa Industrial Algae Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 23 Algae Tec: Company Snapshot (Company Overview; Cultivation Technology Portfolio; Financial Information; Key Developments

TABLE 24 LiveFuels, Inc: Company Snapshot (Company Overview; Cultivation Technology Portfolio; Financial Information; Key Developments

TABLE 25 Algae Systems LLC: Company Snapshot (Company Overview; Cultivation Technology Portfolio; Financial Information; Key Developments

TABLE 26 Sapphire Energy, Inc.: Company Snapshot (Company Overview; Cultivation Technology Portfolio; Financial Information; Key Developments

TABLE 27 Solazyme, Inc.: Company Snapshot (Company Overview; Cultivation Technology Portfolio; Financial Information; Key Developments

TABLE 28 Diversified Energy Corporation: Company Snapshot (Company Overview; Cultivation Technology Portfolio; Financial Information; Key Developments

TABLE 29 Algenol: Company Snapshot (Company Overview; Cultivation Technology Portfolio; Financial Information; Key Developments

TABLE 30 Kai BioEnergy Corp.: Company Snapshot (Company Overview; Cultivation Technology Portfolio; Financial Information; Key Developments

TABLE 31 Algix: Company Snapshot (Company Overview; Cultivation Technology Portfolio; Financial Information; Key Developments

TABLE 32 DSM Nutritional Products: Company Snapshot (Company Overview; Cultivation Technology Portfolio; Financial Information; Key Developments

TABLE 33 Dao Energy, LLC: Company Snapshot (Company Overview; Cultivation Technology Portfolio; Financial Information; Key Developments

TABLE 34 Phycal LLC: Company Snapshot (Company Overview; Cultivation Technology Portfolio; Financial Information; Key Developments

TABLE 35 Kent BioEnergy Corporation: Company Snapshot (Company Overview; Cultivation Technology Portfolio; Financial Information; Key Developments

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Frequently Asked Questions

How COVID 19 Impacted Industrial Algae Market?

Likewise other industries, COVID 19 also taken a toll on Industrial Algae market with around 14.59% decline in 2020 in its revenue as compare to 2019

Which is the leading regional market for Industrial Algae?

North America is the largest regional market with highest share in the total volume of Industrial Algae consumed in 2020

What is the major growth driving factors for global Industrial Algae market?

Ever expanding application base for industrial algae

Which is major segment in Industrial Algae market by technology?

Open Pond Cultivation Technology dominated the Industrial Algae market in 2020 with over 25% share in 2020

Which is major segment in Industrial Algae market by application?

Marine and DHA Production were the largest applications of Industrial Algae in 2020 with over 35% share

About Author

Shweta Bisht

Healthcare & Biotech Analyst

Shweta is a healthcare and biotech researcher with strong analytical skills in chemical and agri domains.

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