Algae Product Market 2022 Will Reach To USD
3318.1 Million
The Global
Algae Products Market will grow at a CAGR of 6.7% from 2017 to 2022 to reach
USD 3,318.1 million by 2022, according to the latest publication from
Meticulous Research®. The global algae products market is driven by factors
such as growing demand for algae products from the pharmaceutical and
nutraceuticals industries, increasing utilization of pigments from microalgae
due to strict regulations regarding the use of synthetic colors and flavors,
and growing consumer preference to algae sourced products.
Moreover,
the emergence of new application areas, growing use of microalgae in
aquaculture, and increasing use of algae in biofuel production provides
significant opportunities for the various stakeholders in this market.
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Heavy Joy Stick
Microalgae
are the major photosynthesizes on earth and produce important pigments that
include chlorophyll a, b and c, β-carotene, astaxanthin, xanthophyll’s, and
phycobiliproteins. Presently, synthetic colorants are used in food, cosmetic,
nutraceutical, and pharmaceutical industries. So Algal pigments have commercial
value as natural colorants in nutraceutical, cosmetics, and pharmaceutical
industry, besides their health benefits.
Algae Products Market by Value (Medium Value, High Value, And Low
Value), Products (Hydrocolloids, Carotenoids, Omega-3 PUFA, Spirulina,
Chlorella, And Others), Application (Food and Feed, Nutraceutical, Cosmetics,
Chemicals, And Others)
On the
basis of product type, algal hydrocolloid commanded the largest share in the
global algae products market in 2016, mainly due to the growing demand from
food, pharmaceutical, medicinal, and biotechnological industries due to their
distinct physio-chemical properties such as hydrophilicity, biodegradability,
biocompatibility, non-toxicity, pleasant taste & odor; and low cost.
However, algal omega-3 PUFA is expected to witness a fastest growth during the
forecast period, as there are many shortcomings of fish derived omega-3 PUFA,
an alternative to algal omega-3 PUFA.
Browse
in-depth Report on -
Scope of the report -
Market by Value -
·
Medium value
·
High value
·
Low value
Market by Product -
·
Hydrocolloids
·
Carotenoids
·
Omega-3 PUFA
·
Spirulina
·
Chlorella
·
Others
Market by Application -
·
Food and Feed
·
Nutraceutical
·
Cosmetics
·
Chemicals
·
Others
Market by Geography -
·
North America
Ø U.S.
Ø Canada
·
Europe
Ø Germany
Ø France
Ø U.K.
Ø Italy
Ø Spain
Ø Rest of Europe
(RoE)
·
Asia-Pacific (APAC)
Ø China
Ø Japan
Ø India
Ø Rest of APAC
(RoAPAC)
·
Latin America
·
Middle East & Africa
For more information Download the
sample Report On –https://www.meticulousresearch.com/request-brochure/?cp_id=3579
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