The algae products market is expected to reach US$ 44.7 Bn by 2023, expanding at a CAGR of more than 5.0% from 2016 to 2023
In light of use, worldwide Algae growth items are fragmented into neutraceuticals, sustenance and bolster supplements, pharmaceuticals, paints and colorants, contamination control, and others. Developing interest for Algae growth items from the neutraceuticals and pharmaceutical businesses is the central point driving worldwide Algae growth items advertise around the world. Rising wellbeing mindfulness among the general population in both the created and creating economies is another element adding to the development of worldwide Algae growth items in the market.
Europe accounted to be the largest consumer of algae products worldwide. Growing demand for algae from the pharmaceutical and neutraceuticals industries is driving the demand for algae products in the region. North America is also expected to boost high demand for algae products in the near future due to growing algae research industries in the region. Other regions such as Asia Pacific, Latin America and Middle East and Africa are also anticipated to fuel growth of global algae products market during the forecast period from 2016 to 2023.
- Growing demand for algae products from the nutraceuticals and pharmaceutical industries
- Rise in health awareness among the consumer
Market Growth Inhibitors
- Presence of various other cheap alternatives may challenge industry demand
- Aquaculture offers huge market potential
- Algae biofuels may provide a viable alternative to renewable energy
- Impact Analysis of Drivers and Restraints
- Market Positioning of Key Companies
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
Chapter 4 Global Algae Products Market Analysis, By Applications
Chapter 5 North America Algae Products Market Analysis
Chapter 6 Europe Algae Products Market Analysis
Chapter 7 Asia Pacific Algae Products Market Analysis
Chapter 8 Latin America Algae Products Market Analysis
Chapter 9 Middle East & Africa Algae Products Analysis
Chapter 10 Company Profiles
- Algaetech International
- Aurora Algae
- Cellana Inc.
- DIC LIFETEC Co. Ltd.
- Cyanotech Corporation.
- Taau Australia Pty. Ltd.
- Fuqing King DnarmsaSpirulina Co., Ltd
- Alltech Algae
- Parry Nutraceuticals
- BlueBioTech International
For more information about this report visit http://www.researchandmarkets.com/research/7crszv/global_algae
Laura Wood, Senior Manager
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SOURCE Research and Markets
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