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Algae Yarn Market by Application (Apparel, Home Textile, Healthcare, Industrial, Others) – Growth, Future Prospects And Competitive Analysis, 2016 – 2028

Summary
Table Of Content

Algae yarn is made from interlocked algae fibers and is one of the best alternatives for the textile industry. Algae yarn is used for weaving, sewing, knitting, and even rope production. Algae yarn helps manufacturers depend more on ecological production processes. Algae and seaweed are hydrated microorganisms, making the algae yarn soothing to touch and wear. Apparel, Home Textile, Healthcare, and Industrial are some major application markets for algae yarn. However, with further extensive R&D, the application base of algae yarn is expected to be widened to accommodate many uses.

The Global Algae Yarn market is to witness the fastest growth compared to any other product in the value chain of the textile industry. As a result, the Algae yarn industry to exhibit a CAGR of a whopping 75% during the forecast period to garner USD 410.61 million in revenue by the end of 2028 from a meager USD 8.17 million in 2021. At the same time, the global algae yarn industry’s cumulative growth opportunity is valued at just under one billion for the analysis period between 2022 and 2028.

Interesting Facts about Algae Yarn Industry

Algae-based fibers are naturally fire resistant
Algae yarns are 100% natural and do not involve any pesticides, and the large area of land
Algae Yarn offers a cheaper yet natural alternative to traditional clothing materials
Europe is leading the R&D of algae yarn, followed by North America
Algaeing and AlgiKnit are two significant players in the algae yarn industry for the time being

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Increasing Investment in R& for the Development of Cost Effective and Innovative Materials for Textile Industry to Drive the Demand for Algae Yarn

As the textile industry continues to boom, the interest in cost-effective and environment-friendly innovations grows. In addition, technological advancements are further paving the way for innovations in the yarn market with better substitutes to offer consumers. One such method is by incorporating algae for producing dyes, finishes, and yarn.

Another driver for the algae yarn market is progressive research and studies. The impressive and favorable results of yarn fibers increase consumer trust in algae. Algae yarn helps to remove the negativities around you and offers exceptional antibacterial properties.

Increasing Preference for Bio-based Materials to Push Algae Yarn Consumption

Several driving factors continue to expand and promise future growth of the algae yarn market. The most significant push started with the Covid’19 when health concerns experienced a sharp peak across the globe. As buyers prioritize wellness, they don’t simply change their diets. But buyers now look for healthier options in clothing as well.

There are several algae uses today, from aquatic feed essentials and edibles like cakes to clothing sectors and medications like anti-diabetic supplements. The algae market is on an assured rise. That’s why it’s not a shock that demand for algae yarn continues to boost. The entire algae product industry is predicted to be worth several billion Dollars by 2028.

Rising Demand for Healthcare Industry to Fuel the Growth of Algae Yarn

Algae yarn is softer and helps prevent skin dehydration and possible irritation is crucial. People are now careful about what they wear because they fear visiting hospitals with harmful viruses in the air. That is why the algae yarn market is rising in its fame for its anti-inflammation properties.

Quest for Alternative Materials Will Have Positive Impact on Growth of Algae Yarn

In addition, rising oil prices are crucial concerns of every economy today. High fuel prices mean increasing production costs and uncertain aggregate demands and supplies. The same can be said for the global textile industry.

However, algae yarn is cheaper than its alternatives like cotton yarn. And so, with the recent involvement of algae yarn in the mix, textile industry manufacturers can now optimize their costs. In a way, using algae yarn for the textile industry can help recover consumer confidence and bring back the previously reduced demands for textile products.

Lack of Awareness Among End-user to Hold Back Growth Rate of Algae Yarn to Some Extent

A slight concern about the algae market is the lack of awareness. The algae market is still in its initial development phase. And so, most people either don’t know enough about algae yarn, or they’re still reluctant to buy products made from algae yarn.

Moreover, another significant concern about the algae yarn market is the limited techniques to extract and produce the yarn. Although less expensive than other options, algae yarn can still be costly for smaller players. Algae yarn production is still a complex and technical procedure.

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Huge Growth Potential for Future to Attract a Large Number of Investors

Algaeing, AlgiKnit, Tjeerd Veenhoven, smartfiber AG, and Vitadylan are some of the major players operating in the algae yarn industry. However, with extensive expenditure on R&D and augmenting the application base, the demand for algae yarn will increase, which in turn is expected to attract more and more companies to venture into this industry. Innovation is the key to success in this market. Europe dominates the demand for algae yarn industry, followed by North America. UK, Germany, France, and the U.S. will be at the forefront of adopting algae yarn in several applications over the analysis period.

Table of Content
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 Algae Yarn Market

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Algae Yarn Market Value, 2016-2028, (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,2021
3.3.1. Type
3.3.2. Application
3.3.3. 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 Types
3.4.5. Intensity of Competitive Rivalry
3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2021
4.1. Company market share of key players, 2021
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 Algae Yarn Market Pre Vs Post COVID 19, 2019 – 2028
5.2. Impact on Import & Export
5.3. Impact on Demand & Supply

6. North America
6.1. North America Algae Yarn Market, by Country, 2016-2028(US$ Bn)
6.1.1. U.S.
6.1.2. Canada
6.1.3. Mexico
6.2. North America Algae Yarn Market, by Application, 2016-2028(US$ Bn)
6.2.1. Overview
6.2.2. Apparel
6.2.3. Home Textile
6.2.4. Healthcare
6.2.5. Industrial
6.2.6. Others

7. Europe
7.1. Europe Algae Yarn Market, by Country, 2016-2028(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. Ukraine
7.1.7. Spain
7.1.8. Belgium
7.1.9. Netherland
7.1.10. Austria
7.1.11. Sweden
7.1.12. Poland
7.1.13. Denmark
7.1.14. Switzerland
7.1.15. Rest of Europe
7.2. Europe Algae Yarn Market, by Application, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Apparel
7.2.3. Home Textile
7.2.4. Healthcare
7.2.5. Industrial

8. Asia Pacific
8.1. Asia Pacific Algae Yarn Market, by Country, 2016-2028(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. Indonesia
8.1.9. Malaysia
8.1.10. Philippine
8.1.11. Rest of Asia Pacific
8.1.12.
8.2. Asia Pacific Algae Yarn Market, by Application, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. Apparel
8.2.3. Home Textile
8.2.4. Healthcare
8.2.5. Industrial
8.2.6. Others

9. Latin America
9.1. Latin America Algae Yarn Market, by Country, 2016-2028(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 Algae Yarn Market, by Application, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.2. Apparel
9.2.3. Home Textile
9.2.4. Healthcare
9.2.5. Industrial

10. Middle East
10.1. Middle East Algae Yarn Market, by Country, 2016-2028(US$ Bn)
10.1.1. UAE
10.1.2.
10.1.3. KSA
10.1.4. Israel
10.1.5. Turkey
10.1.6. Iran
10.1.7. Rest of Middle East
10.2. Middle East Algae Yarn Market, by Application, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. Apparel
10.2.3. Home Textile
10.2.4. Healthcare
10.2.5. Industrial

11. Africa
11.1. Africa Algae Yarn Market, by Country, 2016-2028(US$ Bn)
11.1.1. South Africa
11.1.2. Egypt
11.1.3. Nigeria
11.1.4. Rest of Africa
11.2. Africa Algae Yarn Market, by Application, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. Apparel
11.2.3. Home Textile
11.2.4. Healthcare
11.2.5. Industrial
11.2.6. Others

12. Global
12.1. Global Algae Yarn Market, by Application, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. Apparel
12.1.3. Home Textile
12.1.4. Healthcare
12.1.5. Industrial
12.1.6. Others
13. Company Profiles
13.1. Algaeing
13.2. AlgiKnit
13.3. Tjeerd Veenhoven
13.4. smartfiber AG
13.5. Vitadylan
13.6. Others

List of Figures

FIG. 1 Global Algae Yarn Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Algae Yarn Market Segmentation
FIG. 4 Global Algae Yarn Market, by Type, 2019 (US$ Bn)
FIG. 5 Global Algae Yarn Market, by Application, 2021 (US$ Bn)
FIG. 6 Global Algae Yarn Market, by Geography, 2021 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2021
FIG. 8 Global Market Positioning of Key Algae Yarn Market Manufacturers, 2019
FIG. 9 Global Algae Yarn Market Value Contribution, By Application, 2021 & 2028 (Value %)
FIG. 10 Global Algae Yarn Market, by Apparel, Value, 2016-2028 (US$ Bn)
FIG. 11 Global Algae Yarn Market, by Home Textile, Value, 2016-2028 (US$ Bn)
FIG. 12 Global Algae Yarn Market, by Healthcare, Value, 2016-2028 (US$ Bn)
FIG. 13 Global Algae Yarn Market, by Industrial, Value, 2016-2028 (US$ Bn)
FIG. 14 Global Algae Yarn Market, by Others, Value, 2016-2028 (US$ Bn)
FIG. 15 U.S. Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 16 Rest of North America Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 17 U.K. Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 18 Germany Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 19 France Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 20 Italy Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 21 Spain Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 22 Russia Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 23 BENELUX Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 24 Poland Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 25 Austria Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 26 Rest of Europe Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 27 Japan Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 28 China Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 29 India Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 30 South Korea Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 31 Australia Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 32 Southeast Asia Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 33 Rest of Asia Pacific Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 34 Middle East & Africa Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 35 South Africa Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 36 Nigeria Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 37 Egypt Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 38 GCC Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 39 Israel Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 40 Latin America Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 41 Mechanicalzil Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 42 Argentina Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 43 Colombia Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 44 Peru Algae Yarn Market, 2016-2028 (US$ Bn)
FIG. 45 Chile Algae Yarn Market, 2016-2028 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Beauty Devices (Algae Yarn) Market
TABLE 2 Global Algae Yarn Market, by Application, 2016-2028 (US$ Bn)
TABLE 3 Global Algae Yarn Market, by Geography, 2016-2028 (US$ Bn)
TABLE 4 North America Algae Yarn Market, by Application, 2016-2028 (US$ Bn)
TABLE 5 North America Algae Yarn Market, by Country, 2016-2028 (US$ Bn)
TABLE 6 Europe Algae Yarn Market, by Application, 2016-2028 (US$ Bn)
TABLE 7 Europe Algae Yarn Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 8 Asia Pacific Algae Yarn Market, by Application, 2016-2028 (US$ Bn)
TABLE 9 Asia Pacific Algae Yarn Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 10 Latin America Algae Yarn Market, by Application, 2016-2028 (US$ Bn)
TABLE 11 Latin America Algae Yarn Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 12 Middle East Algae Yarn Market, by Application, 2016-2028 (US$ Bn)
TABLE 13 Middle East Algae Yarn Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 14 Africa Algae Yarn Market, by Application, 2016-2028 (US$ Bn)
TABLE 15 Africa Algae Yarn Market, by Country/Region, 2016-2028 (US$ Bn)

Frequently Asked Questions

How COVID 19 Impacted Algae Yarn Market?

Like other industries, Algae Yarn market also suffered from COVID 19 pandemic which resulted into decline of over 10% in revenue generated in 2020

Which is the leading regional market for Algae Yarn?

Europe is the largest regional market with highest share in the total volume of Algae Yarn consumed in 2021

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

Growing demand for organic materials including bio-yarn is mainly driving the demand for algae yarn

Which is major segment in Algae Yarn market by Application?

Apparel segment dominated the Algae Yarn market in 2021 with over 22.5% share

Which is fastest growing segment in Algae Yarn market by application?

Healthcare segment is fastest growing segment with a CAGR above 80% during forecast period

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