Algae Products Market by Value (Medium Value, High Value, And Low Value), Products (Hydrocolloids, Carotenoids, Omega-3 PUFA, Spirulina, Chlorella), Application (Food and Feed, Nutraceutical, Cosmetics, Chemicals) - Forecast 2022

  • Report ID:MRFB - 10455
  • Pages: 162
  • Jan 2018
  • Formats*: PDF
  • Category: Food & Beverages

1. Introduction
    1.1. Market Ecosystem
    1.2. Currency and Limitations
           1.2.1. Currency
           1.2.2. Limitations
    1.3. Key Stakeholders

2. Research Methodology
    2.1. Research Process
           2.1.1. Secondary Research
           2.1.2. Primary Research
           2.1.3. Market Size Estimation

3. Executive Summary

4. Market Insights
    4.1. Introduction
    4.2. Drivers
           4.2.1. Growing Demand for Algae Products from the Pharmaceutical and Nutraceuticals Industries
           4.2.2. Increasing Utilization of Pigments from Microalgae Due to Strict Regulations Regarding the
                     Inclusion of Synthetic Colours and Flavours
           4.2.3. Increasing Preference to Algae Sourced Products, especially Omega-3 Fatty Acids
           4.2.4. Other Drivers
    4.3. Restraints
           4.3.1. Complex Production of Algae
           4.3.2. Low Awareness About the Benefits of Algae products
           4.3.3. Other Restraints
    4.4. Opportunities
           4.4.1. Emergence of New Application Areas
           4.4.2. Growing Use of Microalgae in Aquaculture
           4.4.3. Growing Use of Algae in Biofuel Production
           4.4.4. Other Opportunities

5. Algae Products Market, by Type
    5.1. Introduction
    5.2. Hydrocolloids
    5.3. Carotenoids
           5.3.1. Beta Carotene
           5.3.2. Astaxanthin
           5.3.3. Lutein
           5.3.4. Others
    5.4. Omega 3 Fatty Acids
    5.5. Spirulina
    5.6. Chlorella
    5.7. Others

6. Algae Products Market, by Value
    6.1. Introduction
    6.2. High Value Products
    6.3. Medium Value Products
    6.4. Low Value Products

7. Algae Products Market, by Application
    7.1. Introduction
    7.2. Food & Feed
    7.3. Nutraceutical
    7.4. Cosmetics
    7.5. Chemicals
    7.6. Others

8. Algae Products Market, by Geography
    8.1. Introduction
    8.2. North America
           8.2.1. U.S.
           8.2.2. Canada
           8.3. Europe
           8.3.1. Germany
           8.3.2. France
           8.3.3. U.K.
           8.3.4. Italy
           8.3.5. Spain
           8.3.6. RoE
    8.4. Asia-Pacific
           8.4.1. China
           8.4.2. Japan
           8.4.3. India
           8.4.4. RoAPAC
    8.5. RoW
           8.5.1. Latin America
           8.5.2. Middle East and Africa

9. Competitive Landscape
    9.1. New Product Launches
    9.2. Collaborations, Partnerships, and Agreements
    9.3. Mergers and Acquisitions
    9.4. Expansions
    9.5. Approvals

10. Company Profiles (Business Overview, Recent Financials, Product Portfolio, Recent Developments)
      10.1. DIC Corporation
      10.2. Cellana Inc.
      10.3. Taiwan Chlorella Manufacturing Company
      10.4. Algaetech International Sdn Bhd
      10.5. Cyanotech Corporation
      10.6. BlueBioTech Int. GmbH
      10.7. Algatechnologies Ltd.
      10.8. Pond Technologies Inc.
      10.9. E.I.D. – Parry (India) Limited
      10.10. Tianjin Norland Biotech Co., Ltd
      10.11. AlgaeCan Biotech Ltd.
      10.12. Corbion NV
      10.13. Qponics Limited
      10.14. Royal DSM
      10.15. Heliae Development, LLC
      10.16. Sun Chlorella Corporation

11. Appendix
      11.1. Questionnaire
      11.2. Available Customization


List of Tables

Table 1 Total Global Algae Products Market: Impact Analysis of Market Drivers (2017–2022)
Table 2 Total Global Algae Products Market: Impact Analysis of Market Restraints (2017–2022)
Table 3 Global Algae Products Market Size, by Type, 2015-2022 (USD Million)
Table 4 Algal Hydrocolloids Market Size, by Country/ Region, 2015-2022 (USD Million)
Table 5 Global Carotenoids Market Size, by Type, 2015-2022 (USD Million)
Table 6 Algal Carotenoids Market Size, by Country/ Region, 2015-2022 (USD Million)
Table 7 Algal Beta Carotene Market Size, by Country/ Region, 2015-2022 (USD Million)
Table 8 Sources and Concentration of Astaxanthin
Table 9 Algal Astaxanthin Market Size, By Country/ Region, 2015-2022 (USD Million)
Table 10 Algal Lutein Market Size, By Country/ Region, 2015-2022 (USD Million)
Table 11 Other Algal Carotenoids Market Size, By Country/ Region, 2015-2022 (USD Million)
Table 12 Algal Omega-3 PUFA Market Size, By Country/ Region, 2015-2022 (USD Million)
Table 13 Spirulina Market Size, By Country/ Region, 2015-2022 (USD Million)
Table 14 The Proposed Food Application of Chlorella
Table 15 Chlorella Market Size, By Country/ Region, 2015-2022 (USD Million)
Table 16 Other Algal Products Market Size, By Country/ Region, 2015-2022 (USD Million)
Table 17 Global Algae Products Market Size, By Value, 2015-2022 (USD Million)
Table 18 Algae High Value Products Market Size, By Country/ Region, 2015-2022 (USD Million)
Table 19 Algae Medium Value Products Market Size, By Country/ Region, 2015-2022 (USD Million)
Table 20 Algae Low Value Products Market Size, By Country/ Region, 2015-2022 (USD Million)
Table 21 Global Algae Products Market Size, By Application, 2015-2022 (USD Million)
Table 22 Algae Products Market Size for Food & Feed, By Country/ Region, 2015-2022 (USD Million)
Table 23 Algae Products Market Size for Nutraceutical, By Country/ Region, 2015-2022 (USD Million)
Table 24 Algae Products Market Size for Cosmetics, By Country/ Region, 2015-2022 (USD Million)
Table 25 Algae Products Market Size for Chemicals, By Country/ Region, 2015-2022 (USD Million)
Table 26 Algae Products Market Size for Others, By Country/ Region, 2015-2022 (USD Million)
Table 27 Global Algae Products Market Size, By Country/ Region, 2015-2022 (USD Million)
Table 28 North America: Algae Products Market Size, By Country, 2015-2022 (USD Million)
Table 29 North America: Algae Products Market Size, By Type, 2015-2022 (USD Million)
Table 30 North America: Algae Carotenoids Market Size, By Type, 2015-2022 (USD Million)
Table 31 North America: Algae Products Market Size, By Value, 2015-2022 (USD Million)
Table 32 North America: Algae Products Market Size, By Application, 2015-2022 (USD Million)
Table 33 U.S.: Algae Products Market Size, By Type, 2015-2022 (USD Million)
Table 34 U.S.: Algae Carotenoids Market Size, By Type, 2015-2022 (USD Million)
Table 35 U.S.: Algae Products Market Size, By Value, 2015-2022 (USD Million)
Table 36 U.S.: Algae Products Market Size, By Application, 2015-2022 (USD Million)
Table 37 Canada: Algae Products Market Size, By Type, 2015-2022 (USD Million)
Table 38 Canada.: Algae Carotenoids Market Size, By Type, 2015-2022 (USD Million)
Table 39 Canada: Algae Products Market Size, By Value, 2015-2022 (USD Million)
Table 40 Canada: Algae Products Market Size, By Application, 2015-2022 (USD Million)
Table 41 Europe: Algae Products Market Size, By Country, 2015-2022 (USD Million)
Table 42 Europe: Algae Products Market Size, By Type, 2015-2022 (USD Million)
Table 43 Europe: Algae Carotenoids Market Size, By Type, 2015-2022 (USD Million)
Table 44 Europe: Algae Products Market Size, By Value, 2015-2022 (USD Million)
Table 45 Europe: Algae Products Market Size, By Application, 2015-2022 (USD Million)
Table 46 Overview of German Stakeholders Active in the Broader Algae Area, 2014
Table 47 Germany: Algae Products Market Size, By Type, 2015-2022 (USD Million)
Table 48 Germany: Algae Carotenoids Market Size, By Type, 2015-2022 (USD Million)
Table 49 Germany: Algae Products Market Size, By Value, 2015-2022 (USD Million)
Table 50 Germany: Algae Products Market Size, By Application, 2015-2022 (USD Million)
Table 51 France: Algae Products Market Size, By Type, 2015-2022 (USD Million)
Table 52 France: Algae Carotenoids Market Size, By Type, 2015-2022 (USD Million)
Table 53 France: Algae Products Market Size, By Value, 2015-2022 (USD Million)
Table 54 France: Algae Products Market Size, By Application, 2015-2022 (USD Million)
Table 55 U.K.: Algae Products Market Size, By Type, 2015-2022 (USD Million)
Table 56 U.K.: Algae Carotenoids Market Size, By Type, 2015-2022 (USD Million)
Table 57 U.K.: Algae Products Market Size, By Value, 2015-2022 (USD Million)
Table 58 U.K.: Algae Products Market Size, By Application, 2015-2022 (USD Million)
Table 59 Italy: Algae Products Market Size, By Type, 2015-2022 (USD Million)
Table 60 Italy: Algae Carotenoids Market Size, By Type, 2015-2022 (USD Million)
Table 61 Italy: Algae Products Market Size, By Value, 2015-2022 (USD Million)
Table 62 Italy: Algae Products Market Size, By Application, 2015-2022 (USD Million)
Table 63 Spain: Algae Products Market Size, By Type, 2015-2022 (USD Million)
Table 64 Spain.: Algae Carotenoids Market Size, By Type, 2015-2022 (USD Million)
Table 65 Spain: Algae Products Market Size, By Value, 2015-2022 (USD Million)
Table 66 Spain: Algae Products Market Size, By Application, 2015-2022 (USD Million)
Table 67 RoE: Algae Products Market Size, By Type, 2015-2022 (USD Million)
Table 68 RoE: Algae Carotenoids Market Size, By Type, 2015-2022 (USD Million)
Table 69 RoE: Algae Products Market Size, By Value, 2015-2022 (USD Million)
Table 70 RoE: Algae Products Market Size, By Application, 2015-2022 (USD Million)
Table 71 APAC: Algae Products Market Size, By Country, 2015-2022 (USD Million)
Table 72 APAC:Algae Products Market Size, By Type, 2015-2022 (USD Million)
Table 73 APAC: Algae Carotenoids Market Size, By Type, 2015-2022 (USD Million)
Table 74 APAC:Algae Products Market Size, By Value, 2015-2022 (USD Million)
Table 75 APAC:Algae Products Market Size, By Application, 2015-2022 (USD Million)
Table 76 China: Algae Products Market Size, By Type, 2015-2022 (USD Million)
Table 77 China: Algae Carotenoids Market Size, By Type, 2015-2022 (USD Million)
Table 78 China:Algae Products Market Size, By Value, 2015-2022 (USD Million)
Table 79 China:Algae Products Market Size, By Application, 2015-2022 (USD Million)
Table 80 Japan: Algae Products Market Size, By Type, 2015-2022 (USD Million)
Table 81 Japan: Algae Carotenoids Market Size, By Type, 2015-2022 (USD Million)
Table 82 Japan:Algae Products Market Size, By Value, 2015-2022 (USD Million)
Table 83 Japan:Algae Products Market Size, By Application, 2015-2022 (USD Million)
Table 84 India: Algae Products Market Size, By Type, 2015-2022 (USD Million)
Table 85 India: Algae Carotenoids Market Size, By Type, 2015-2022 (USD Million)
Table 86 India: Algae Products Market Size, By Value, 2015-2022 (USD Million)
Table 87 India: Algae Products Market Size, By Application, 2015-2022 (USD Million)
Table 88 RoAPAC: Algae Products Market Size, By Type, 2015-2022 (USD Million)
Table 89 RoAPAC: Algae Carotenoids Market Size, By Type, 2015-2022 (USD Million)
Table 90 RoAPAC: Algae Products Market Size, By Value, 2015-2022 (USD Million)
Table 91 RoAPAC: Algae Products Market Size, By Application, 2015-2022 (USD Million)
Table 92 RoW: Algae Products Market Size, By Region, 2015-2022 (USD Million)
Table 93 RoW: Algae Products Market Size, By Type, 2015-2022 (USD Million)
Table 94 RoW: Algae Carotenoids Market Size, By Type, 2015-2022 (USD Million)
Table 95 RoW: Algae Products Market Size, By Value, 2015-2022 (USD Million)
Table 96 RoW: Algae Products Market Size, By Application, 2015-2022 (USD Million)
Table 97 Latin America: Algae Products Market Size, By Type, 2015-2022 (USD Million)
Table 98 Latin America: Algae Carotenoids Market Size, By Type, 2015-2022 (USD Million)
Table 99 Latin America: Algae Products Market Size, By Value, 2015-2022 (USD Million)
Table 100 Latin America: Algae Products Market Size, By Application, 2015-2022 (USD Million)
Table 101 Middle East & Africa: Algae Products Market Size, By Type, 2015-2022 (USD Million)
Table 102 Middle East & Africa: Algae Carotenoids Market Size, By Type, 2015-2022 (USD Million)
Table 103 Middle East & Africa: Algae Products Market Size, By Value, 2015-2022 (USD Million)
Table 104 Middle East & Africa: Algae Products Market Size, By Application, 2015-2022 (USD Million)
Table 105 Number of Developments Done by the Profiled Companies, 2014-2017
Table 106 New Product Launches
Table 107 Collaborations, Partnerships, and Agreements
Table 108 Mergers and Acquisitions
Table 109 Expansions
Table 110 Approvals


List of Figures

Figure 1 Scope of Algae Products Market
Figure 2 Key Stakeholders in the Global Algae Products Market
Figure 3 Research Process
Figure 4 Key Executives Interviewed
Figure 5 Primary Research Techniques
Figure 6 Market Size Estimation
Figure 7 Where are the Opportunities for you?
Figure 8 Nutraceuticals Segment Expected to Witness a Fastest Growth in the Global Market During 2017-2022
Figure 9 Beta Carotene to Dominate the Algae Carotenoids Products Market
Figure 10 Global Algae Products Market, by Geography, 2016
Figure 11 Algae Products Market-Overview, 2017-2022
Figure 12 Competitive Landscape
Figure 13 Market Dynamics
Figure 14 Global Algae Products Market Size, by Type, 2017-2022 (USD Million)
Figure 15 Global Carotenoids Market Size, by Type, 2017-2022 (USD Million)
Figure 16 Global Algae Products Market Size, by Value, 2017-2022 (USD Million)
Figure 17 Global  Algae Products Market Size, by Application, 2017-2022 (USD Million)
Figure 18 Global Algae Products Market Size, by Country/ Region, 2015-2022 (USD Million)
Figure 19 Adopter of Algae Products
Figure 20 North America: Algae Products Market Size, by Country, 2017-2022 (USD Million)
Figure 21 Categories of Supplements Used by U.S. Adults, 2014-2015
Figure 22 Europe: Algae Products Market Size, by Country, 2017-2022 (USD Million)
Figure 23 Targeted Markets Among Stakeholders in Germany, 2014
Figure 24 Growth of Pharmaceutical Industry in Germany, 2009-2014
Figure 25 Cosmetics Market Size, in France, 2014-2017
Figure 26 Production in Pharmaceutical Industry in Major Countries of Europe, 2016
Figure 27 Asia Pacific: Algae Products Market Size, by Country, 2017-2022 (USD Million)
Figure 28 RoW: Algae Products Market Size, by Region, 2017-2022 (USD Million)
Figure 29 Key Growth Strategies Adopted by Key Players (2014-2016)
Figure 30 DIC Corporation: Financial Overview (2014-2016)
Figure 31 Cyanotech Corporation: Financial Overview (2015-2017)
Figure 32 E.I.D. – Parry (India) Limited: Financial Overview (2014-2016)
Figure 33 Corbion NV: Financial Overview (2014-2016)
Figure 34 Royal DSM: Financial Overview (2014-2016)


Global algae products market is expected to reach USD 3,318.1 million by 2022, at a CAGR of 6.7% during the forecast period of 2017 to 2022.

Succeeding an extensive secondary and primary research on algae products and an in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, and opportunities in the market dynamics segment. Increasing utilization of algal pigments and growing demand from pharmaceutical and nutraceutical industries are majorly driving the algae products market. Due to the increasing awareness of harmful effects of synthetic dyes and inclination of society towards the usage of natural products such as plant/microbial based colors in food and cosmetics, has led to the exploitation of microalgae as a source of natural colors.

Microalgae are the major photosynthesizers 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. However, due to problems associated with the harmful effects of synthetic colorants, exploitation of microalgal pigments as a source of natural colors have become an attractive option. Algal pigments have commercial value as natural colorants in nutraceutical, cosmetics, and pharmaceutical industry, besides their health benefits. Moreover, the emergence of new application areas, growing use of microalgae in aquaculture, and increasing use of algae in biofuel production further provides significant opportunities for the various stakeholders in algae products market. However, factors such as the complex production of algae and low awareness about its benefits are expected to hinder the growth of algae products market to some extent.

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The study offers a comprehensive analysis of algae products market with respect to various product types and applications. The global algae products market is segmented on the basis of value (medium value, high value, and low value), products (hydrocolloids, carotenoids, omega-3 PUFA, spirulina, chlorella, and others), and application (food and feed, nutraceutical, cosmetics, chemicals, and others). Algal hydrocolloid commanded the largest share in the global algae products market in 2016, since they are witnessing a growing demand from food, pharmaceutical, medicinal, and biotechnological industries due to their distinct physicochemical properties such as hydrophilicity, biodegradability, biocompatibility, non-toxicity, pleasant taste & odor, and low cost.

Further, an in-depth analysis of the geographic scenario of the industry provides detailed qualitative and quantitative insights for the five major geographies (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) along with the coverage of major countries in each region. The geographic analysis provides detailed insights on the key trends of the industry in the listed regions & countries, identifying the demographic & economic impact, and government & private investments. The geographic analysis section also comments on the key market players shaping the growth of the algae products industry in the respective countries.

The report identifies that North America dominated the global algae products market in 2016 which is mainly attributed to growing U.S nutraceutical market, cited to various factors such as growing aging population, increasing healthcare awareness, higher incidence of allergies and intolerance, and increasing demand from emerging economies. In addition, growing health concerns & awareness and changing lifestyle are significantly impacting all sectors of the food and cosmetic & personal care industries, leading to increased demand for functional food and beverages and personal care products enriched with functional ingredients and active constituents which further drives the growth of North American algae products market.

The report also includes the competitive landscape based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 3 years (2014-2017). The key players operating in the global algae products market are DIC Corporation (Japan), Cellana Inc. (U.S.), Taiwan Chlorella Manufacturing Company (China), Algaetech International Sdn Bhd (Malaysia), Cyanotech Corporation (U.S.), BlueBioTech Int. GmbH (Germany), Algatechologies ltd. (Israel), Pond Technologies Inc. (Canada), E.I.D. – Parry (India) Limited (India), Tianjin Norland Biotech co., ltd., (China), AlgaeCan Biotech Ltd. (Canada), Corbion NV (The Netherlands), Qponics Limited (Australia), Royal DSM (The Netherlands), Heliae Development, LLC (U.S.), and SUN CHLORELLA CORPORATION (Japan).

Scope of the report -

Algae Products Market by Value

  • Medium value
  • High value
  • Low value

Algae Products Market by Product

  • Hydrocolloids
  • Carotenoids
  • Omega-3 PUFA
  • Spirulina
  • Chlorella
  • Others

Algae Products Market by Application

  • Food and Feed
  • Nutraceutical
  • Cosmetics
  • Chemicals
  • Others

Algae Products Market by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of APAC (RoAPAC)
  • Latin America
  • Middle East & Africa

Key questions answered in the report:

Growing food & feed and nutraceutical application help to drive the adoption of algae products

  • How does the penetration of algae products in food & feed and nutraceutical application differ from other applications?
  • Which are the high growth market segments in terms of value, products, and regions/countries?

 The North American algae products market favors larger providers that compete in multiple segments

  • Who are the top competitors in this market and what strategies do they employ to gain shares?
  • Which segments of algae products market are expected to offer lucrative revenue growth over the forecast period and why?
  • What strategies should the new companies focus to enter this market and to compete effectively?
  • Who are the major players in various countries and what share of the market do they hold?
  • What are the geographic trends and high growth regions/ countries?

 Recent partnerships, acquisitions, and expansions have taken place in the algae products market

  • What companies have recently merged/acquired and how will these unions affect the competitive landscape of the algae products market?
  • What companies have created partnerships and how will these partnerships promote a competitive advantage?
  • Who are the major players in the global algae products market and what share of the market do they hold?
  • Who are the local emerging players in the global algae products market and how do they compete with the global players?
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