Algae are the class of micro-organism, which can convert carbon dioxide in the presence of sunlight into proteins and fats. It is used in the food and fuel industry. Algae products comprise of food or feed prepared by macro or micro-algae. Algae products are loaded with proteins and have wide range of applications in food and feed supplements, nutraceuticals, pharmaceuticals, and pollution control. Commonly screened algae products consist of seaweed, kelp, chlorella, and spirulina.

Market Forecast:

Algae products Market are contains proteins and essential amino acids, which boost human metabolic process for instance, enzyme production. In addition, high content of Omega-3 and Omega-6 fatty acids in algae products makes it a good source of energy in the food and feed. Owing to these nutritional benefits an elevated requirement for algae products are been observed from the food and feed industry.

Downstream analysis:

Algae products are segmented on the basis of the source, which includes macro-algae, micro-algae, and others. In this segment, the macro-algae source is dominating the market. Macro-algae is inexpensive and engages less expenditure in growing. Furthermore, extraction of phyto-ingredients from macro-algae is comparatively easy than micro-algae. However, micro-algae products in the nutraceutical industry like supplements and energy drinks are anticipated to grow during the forecasted period.

Competitive Analysis

The major players in the algae products market

Cellana Inc. (U.S.)
Alltech, Inc. (U.S.)
Algaetech International Sdn Bhd (Malaysia)
Cyanotech Corporation (U.S.)
DIC Lifetec Co. Ltd. (Japan)
BlueBioTech GmbH (Germany)
Parry Nutraceuticals Limited (India)


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Regional Analysis

The global algae products market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). In the global algae products market, Europe is dominating among all the regions followed by North America. Europe has been accounted for an elevated consumption of algae products supplements and food owing to increasing consumer awareness. Furthermore, the high requirement for algae in pharmaceutical and nutraceutical industry is considered as a motivating factor in this region.

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