The global algae products market is expected to reach USD 5.60 billion by 2025, from USD 3.72 billion in 2017 growing at a CAGR of 5.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025..
Top key players operating in the global algae products market are –BASF SE, Dowdupont, Cyanotech Corporation, Cargill, Stärke GmbH, Sms Corporation Co. Ltd, Global Bio-Chem Technology Group Company Limited, SPAC STARCH PRODUCTS (INDIA) LTD., Qingdao Cbh Co., Ltd., Beneo-Remy N.V., China Essence Group Ltd, Samyang Genex Corp, Ulrick & Short Ltd., Grain Processing Corporation, Roquette Frères, Siam Modified Starch Co. Ltd., Algatechnologies, CP Kelco and other.
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- Raising consumer awareness regarding health benefits of algae-based products
- Alternate food source and food ingredient
- Growing multi industry coverage
- Advanced high impact of climate condition on algae production
- High cost of processing
The global algae products market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Algae Products market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
In, July, 2013, BASF SE and National Prawn Company (Saudi Arabia) had signed an agreement on collaboration in the field of algae technology.
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- Algal Protein
- Brown Algae
- Blue-Green Algae
- Red Algae
- Green Algae
- Food & Beverages
- Nutraceuticals & Dietary Supplements
- Personal Care Products
- North America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of MEA
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