The algae products market was valued at USD 3.78 Billion in 2017; this is projected to grow at a CAGR of 5.4%, to reach USD 5.17 Billion by 2023. The basic objective of the report is to define, segment, and project global market size for algae products on the basis of application, type, source, form, and region.
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Other objectives include analyzing opportunities in algae products market for stakeholders and providing a competitive landscape of market trends, analyzing the macro and microeconomic indicators of this market to provide factor analysis, and to project the growth rate of the algae products market.
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Algae protein segment is projected to be the fastest-growing during the forecast period. In the recent years, due to factors such as fitness needs, animal health concerns, concerns about GMO products , clean labels, and organic labels, the interest and particular focus on plant proteins or alternative proteins has significantly emerged in both developed and developing countries.
2 Ranking Analysis
3 Competitive Scenario
4 Expansions & Investments
5 Mergers & Acquisitions
6 New Product Launches
7 Joint Ventures & Agreements
In Algae Products Market another growth factor can be the increased preference for vegetarian and vegan foods.
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This will lead to the increased demand for plant-based protein and other nutrient-rich food products; this scenario has led to the demand for algae products.
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Asia Pacific is projected to be the fastest-growing Algae Products market between 2018 and 2023. Industrial growth and improvements in food industry have opened new opportunities for algae products market in this region.
Also, conventional algae food items are already popular in Asia, with algae used extensively in Asian cuisine such as sushi. This makes the Asia Pacific region, fastest-growing potential for algae products.
This report is targeted at the existing players in the industry, which include the following:
- Regulatory and research organizations
- Raw material producers (algae cultivators), suppliers, and distributors
- Food & beverage, nutraceutical products retailers
- Algae products manufacturers, traders, distributors, and dealers
The key players that are profiled in Algae Products report include BASF (Germany), DowDuPont (US), DSM (Netherlands), Cyanotech Corporation (US), Cargill (US), Kerry (Ireland), Ingredion (US), Corbion (Netherlands), Fenchem Biotek (China), and E.I.D. Parry (India).
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The report segments the algae products market on the basis of source, type, application, form, and region. In terms of insights, this research report has focused on various levels of analyses—competitive landscape, end-use analysis, and company profiles, which together comprise and discuss the basic views on the emerging & high-growth segments of the algae products market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
This report helps:
- To get a comprehensive overview of the algae products market
- To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
- To gain insights about the key countries/regions in which the algae products market is flourishing,
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