Global Algae Products Market, 2023: Growing Demand From the Nutraceuticals and Pharmaceutical Industries – Research and Markets

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.

Market Dynamics

Market Drivers

  • 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

Opportunities

  • Aquaculture offers huge market potentialPotential - In the context of climate change, potential is the amount of mitigation or adaptation that could be - but is not yet – realized over time. As potential levels are identified: market, economic, technical and physical. Market potential indicates the amount of GHG mitigation that ...
  • Algae biofuelsLiquid fuels and blending components produced from biomass (plant) feedstocks, used primarily for transportation.Bio fuels are liquid fuels that are produced of plant material or herbal remains. may provide a viable alternative to renewable energyRenewable energy is power generated from infinite sources, such as wind or solar power. Conventional energy is generated from finite sources, such as natural gas or fossil oil.
  • Impact Analysis of Drivers and Restraints

Competitive Analysis

  • 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

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-algae-products-market-2023-growing-demand-from-the-nutraceuticals-and-pharmaceutical-industries—research-and-markets-300443480.html

SOURCE Research and Markets

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