藻類製品市場規模、シェア、動向、2030年までの世界予測

Algae Products Market - Global Forecast to 2030

Algae Products Market by Type (Lipids, Carotenoids, Carrageenan, Alginate, Algal Protein), Source (Microalgae, Macroalgae), Application (Food & Beverages, Dietary Supplements, Animal Feed), Form, Production Process, and Region - Global Forecast to 2030

商品番号 : SMB-7305

出版社MarketsandMarkets
出版年月2025年11月
ページ数312
図表数326
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

藻類製品市場 – タイプ(脂質、カロテノイド、カラギーナン、アルギン酸塩、藻類タンパク質)、供給源(微細藻類、大型藻類)、用途(食品・飲料、栄養補助食品、動物飼料)、形態、生産プロセス、地域別 – 2030年までの世界予測

藻類製品市場は2025年に58億7,000万米ドルに達すると推定され、6.6%のCAGRで成長し、2030年までに80億7,000万米ドルに達すると予測されています。

食品・飲料、医薬品、化粧品、飼料など、様々な業界における持続可能な天然原料への需要の高まりを背景に、藻類市場は堅調な成長を遂げています。藻類は、高い栄養価、豊富なタンパク質含有量、そして従来の原料に代わる環境に優しい代替品としての可能性から、ますます注目を集めています。市場拡大は、光バイオリアクターや制御されたオープンポンドシステムといった藻類栽培技術の進歩によってさらに加速しており、収量と拡張性が向上しています。さらに、植物由来製品やクリーンラベル製品への関心の高まりも、オメガ3脂肪酸、色素、ハイドロコロイドといった藻類由来成分の採用を加速させています。持続可能な生産に対する規制当局の支援が強化され、環境への影響に対する消費者の意識が高まるにつれ、藻類製品市場は今後数年間、力強い成長を維持すると予想されます。

調査対象範囲

本調査レポートでは、藻類製品市場を、原料(大型藻類(褐藻、紅藻)、微細藻類(緑藻、藍藻、その他の微細藻類)、種類(脂質、カロテノイド、カラギーナン、アルギン酸塩、藻類製品、その他)、用途(食品・飲料、栄養補助食品、動物飼料、化粧品・パーソナルケア製品、その他)、形態(乾燥、液体)、製造プロセス(定性的)、地域(北米、欧州、アジア太平洋、南米、その他の地域)に分類しています。

本レポートは、藻類製品業界の成長に影響を与える主要な要因(促進要因、制約要因、課題、機会など)に関する詳細な情報を網羅しています。主要プレーヤーを徹底的に分析し、事業、サービス、主要戦略、契約、パートナーシップ、合意、製品発売、合併・買収、そして藻類製品市場に関連する最近の動向に関する洞察を提供しています。本レポートは、藻類製品市場エコシステムにおける新興スタートアップ企業の競争力分析を提供しています。さらに、技術分析、エコシステムと市場のマッピング、特許と規制の状況など、業界固有のトレンドについても調査しています。

このレポートを購入する理由

本レポートは、市場リーダーおよび新規参入企業に対し、藻類製品市場全体とそのサブセグメントの収益数値に関する近似値に関する情報を提供します。これにより、関係者は競争環境を理解し、事業のポジショニングを改善し、適切な市場開拓戦略を策定するための洞察を深めることができます。また、主要な市場牽引要因、制約要因、課題、そして機会に関する情報を提供することで、市場の動向を把握するのに役立ちます。

本レポートでは、以下の点について洞察を提供しています。

  • 藻類製品市場の成長に影響を与える主要な推進要因(複数の業界における持続可能な植物由来の栄養豊富な原料への需要の高まり)、制約要因(大規模な藻類栽培に伴う高い生産・加工コスト)、機会(高付加価値製品開発のための藻類栽培・抽出における技術進歩)、課題(栽培条件の変動による一貫した品質と収量の維持)の分析
  • 製品開発/イノベーション:藻類製品市場における研究開発活動と新製品発売に関する詳細な洞察
  • 市場開発:収益性の高い市場に関する包括的な情報、様々な地域における藻類製品の分析
  • 市場多様化:藻類製品市場における新製品ソース、未開拓地域、最近の開発状況、投資に関する網羅的な情報
  • 競合評価:dsm-firmenich(オランダ)、BASF(ドイツ)、Cyanotech Corporation(米国)、Cargill, Incorporated(米国)、CP Kelco U.S., Inc.(Tate & Lyle)(米国)、Corbion(オランダ)、E.I.D. などの主要企業の市場シェア、成長戦略、製品ラインナップ、ブランド/製品比較、製品フットプリントに関する詳細な評価- Parry(インド)、Kerry Group plc(アイルランド)、AlgaTech Ltd.(イスラエル)、Algenol Biotech(米国)、および藻類製品市場のその他の企業。

Report Description

The algae products market is estimated to be USD 5.87 billion in 2025 and is projected to reach USD 8.07 billion by 2030, at a CAGR of 6.6%.

The market is witnessing robust growth, driven by rising demand for sustainable and natural ingredients across various industries, including food and beverage, pharmaceuticals, cosmetics, and animal feed. Algae are increasingly recognized for their high nutritional value, rich protein content, and potential as an eco-friendly alternative to conventional raw materials. Market expansion is further supported by advancements in algae cultivation technologies, including photobioreactors and controlled open-pond systems, which enhance yield and scalability. Moreover, the growing interest in plant-based and clean-label products is accelerating the adoption of algae-derived ingredients, such as omega-3 fatty acids, pigments, and hydrocolloids. As regulatory support for sustainable production strengthens and consumer awareness of environmental impact grows, the algae products market is expected to maintain strong momentum over the coming years.

藻類製品市場規模、シェア、動向、2030年までの世界予測
Algae Products Market – Global Forecast to 2030

By source, the brown algae segment is estimated to account for the largest share of the algae products market

Brown algae hold the largest share in the algae products market, primarily due to their wide availability, high production volume, and diverse industrial applications. Rich in bioactive compounds such as alginate, fucoidan, and laminarin, brown algae are extensively utilized in the food and beverage, pharmaceutical, and cosmetic industries for their thickening, stabilizing, and antioxidant properties. The growing demand for natural hydrocolloids and functional ingredients has further boosted their adoption in processed foods and nutraceuticals. Additionally, advancements in sustainable harvesting and cultivation technologies, particularly in regions like Asia Pacific and Europe, are enhancing the commercial viability of brown algae, solidifying their dominance in the global algae products market.

By form, the solid segment is estimated to dominate the algae products market

The solid form segment dominates the algae products market due to its wide-ranging usage in various end-use industries, including food and beverages, pharmaceuticals, and animal feed. Solid forms, including powders, flakes, and tablets, offer advantages such as longer shelf life, easier handling, and higher stability during processing and transportation. They are commonly used in dietary supplements, functional foods, and cosmetic formulations owing to their concentrated nutrient content and versatility. Furthermore, the growing demand for powdered algae-based ingredients, such as spirulina and chlorella, in health and wellness products continues to strengthen the position of the solid segment in the market.

By type, the lipids segment is estimated to capture the largest share in the algae products market

Lipids hold the majority of the share in the global algae products market by type, driven by their extensive use in nutraceuticals, food and beverage, and pharmaceutical applications. Algae-derived lipids, particularly omega-3 fatty acids such as DHA and EPA, are highly valued for their health benefits, including cardiovascular support and anti-inflammatory properties. The growing preference for plant-based and sustainable alternatives to fish oil has significantly boosted the demand for algal lipids. Moreover, advancements in microalgae cultivation and extraction technologies have improved lipid yield and quality, further strengthening their dominance in the algae products market.

藻類製品市場規模、シェア、動向、2030年までの世界予測 - 地域
Algae Products Market – Global Forecast to 2030 – region

By region, North America is estimated to lead the algae products market

North America holds the largest share of the global algae products market, driven by strong demand for natural and sustainable ingredients across various industries, including food and beverages, dietary supplements, cosmetics, and biofuels. The region’s well-established nutraceutical and functional food sectors have accelerated the adoption of algae-based ingredients, particularly for plant-based proteins, omega-3 fatty acids, and antioxidants. In addition, supportive regulatory frameworks, technological advancements in algae cultivation, and increased investments in research and development have further contributed to market growth. The rising consumer awareness of health, wellness, and environmental sustainability continues to position North America as the leading region in the global algae products market.

In-depth interviews have been conducted with chief executive officers (CEOs), directors, and other executives from various key organizations operating in the algae products market.

  • By Company Type: Tier 1–30%, Tier 2–25%, and Tier 3–45%
  • By Designation: Directors–30%, Managers–25%, Others–45%
  • By Region: North America–20%, Europe–30%, Asia Pacific–40%, and Rest of the World–10%
藻類製品市場規模、シェア、動向、2030年までの世界予測 - 対象企業
Algae Products Market – Global Forecast to 2030 – ecosystem

Prominent companies in the market include dsm-firmenich (Netherlands), BASF (Germany), Cyanotech Corporation (US), Cargill, Incorporated (US), CP Kelco U.S., Inc. (Tate & Lyle) (US), Corbion (Netherlands), E.I.D. – Parry (India), Kerry Group plc (Ireland), AlgaTech Ltd. (Israel), Algenol Biotech (US), Cellana Inc. (US), Fenchem (China), Fuji Chemical Industries Co., Ltd. (AstaReal Co., Ltd.) (Japan), Algea (Norway), KD Pharma Group SA (Switzerland), and others.

Research Coverage

This research report categorizes the algae products market by source (macroalgae (brown algae, red algae), microalgae (green algae, blue-green algae, other microalgae)), type (lipids, carotenoids, carrageenan, alginates, algal products, others), by application (food & beverages, dietary supplements, animal feed, cosmetics & personal care products, others), form (dry, liquid), production process (qualitative), and region (North America, Europe, Asia Pacific, South America, and Rest of the World).

The report’s scope encompasses detailed information on the major factors, including drivers, restraints, challenges, and opportunities, that influence the growth of the algae products industry. A thorough analysis of the key industry players has been done to provide insights into their business, services, key strategies, contracts, partnerships, agreements, product launches, mergers & acquisitions, and recent developments associated with the algae products market. This report provides a competitive analysis of emerging startups in the algae products market ecosystem. Furthermore, the study covers industry-specific trends, including technology analysis, ecosystem & market mapping, and patent & regulatory landscape, among others.

Reasons to Buy This Report

The report provides market leaders/new entrants with information on the closest approximations of revenue numbers for the overall algae products market and its subsegments. It will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market, providing them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights into the following pointers:

  • Analysis of key drivers (Growing demand for sustainable, plant-based, and nutrient-rich ingredients across multiple industries), restraints (High production and processing costs associated with large-scale algae cultivation), opportunities (Technological advancements in algae cultivation and extraction for high-value product development), and challenges (Maintaining consistent quality and yield due to variations in cultivation conditions) influencing the growth of the algae products market
  • Product Development/Innovation: Detailed insights into research & development activities and new product launches in the algae products market
  • Market Development: Comprehensive information about lucrative markets—analysis of algae products across varied regions
  • Market Diversification: Exhaustive information about new product sources, untapped geographies, recent developments, and investments in the algae products market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, brand/product comparison, and product footprints of leading players such as dsm-firmenich (Netherlands), BASF (Germany), Cyanotech Corporation. (US), Cargill, Incorporated (US), CP Kelco U.S., Inc. (Tate & Lyle) (US), Corbion (Netherlands), E.I.D. – Parry (India), Kerry Group plc (Ireland), AlgaTech Ltd. (Israel), Algenol Biotech (US), and other players in the algae products market.

Table of Contents

1               INTRODUCTION              27

1.1           STUDY OBJECTIVES       27

1.2           MARKET DEFINITION   28

1.3           STUDY SCOPE   28

1.3.1        MARKETS COVERED       28

1.4           INCLUSIONS & EXCLUSIONS       29

1.5           YEARS CONSIDERED      30

1.6           CURRENCY CONSIDERED            30

1.7           UNIT CONSIDERED        31

1.8           STAKEHOLDERS               31

1.9           SUMMARY OF CHANGES               32

2               EXECUTIVE SUMMARY  33

2.1           KEY INSIGHTS AND MARKET HIGHLIGHTS          33

2.2           KEY MARKET PARTICIPANTS: INSIGHTS AND STRATEGIC DEVELOPMENTS    35

2.3           DISRUPTIVE TRENDS SHAPING MARKET               36

2.4           HIGH-GROWTH SEGMENTS        37

2.5           SNAPSHOT: ASIA PACIFIC MARKET SIZE AND GROWTH RATE     38

3               PREMIUM INSIGHTS       40

3.1           BRIEF OVERVIEW OF ALGAE PRODUCTS MARKET                 40

3.2           NORTH AMERICA: ALGAE PRODUCTS MARKET, BY SOURCE AND COUNTRY               41

3.3           ALGAE PRODUCTS MARKET: REGIONAL SUBMARKETS                 41

3.4           ALGAE PRODUCTS MARKET, BY PRODUCT TYPE AND REGION                42

3.5           ALGAE PRODUCTS MARKET, BY DISTRIBUTION CHANNEL AND REGION                43

3.6           ALGAE PRODUCTS MARKET, BY DEMOGRAPHIC                 44

4               MARKET OVERVIEW       45

4.1           INTRODUCTION              45

4.2           MARKET DYNAMICS       46

4.2.1        DRIVERS               46

4.2.1.1    Growing consumer awareness regarding health benefits of omega-3 46

4.2.1.2    Growing applications of algae products            48

4.2.1.3    Strong demand for sustainable, plant-based proteins and alternative nutrition (spirulina, chlorella) – rising consumer health & clean-label trends 49

4.2.1.4    Policy & corporate sustainability push supporting algae as low-carbon, low-land-use biomass source                50

4.2.2        RESTRAINTS      51

4.2.2.1    High production and downstream processing costs (photobioreactors, harvesting, drying) make unit economics unfavorable compared to many plant and fermentation routes           51

4.2.2.2    Market fragmentation and inconsistent quality/standardization across producers — buyers cautious on scale purchases for food/pharma uses         51

4.2.3        OPPORTUNITIES              52

4.2.3.1    Growing demand in pharmaceutical industry  52

4.2.3.2    Government and private initiatives supporting research & development in algaculture 53

4.2.3.3    Growth in demand for natural ingredients by consumers                 54

4.2.3.4    Food & beverage applications — clean-label, e.g., natural colorants, protein fortification, functional ingredients — strong consumer pull          55

4.2.3.5    Technology stack plays — innovations in photobioreactor design, automation, genetic/strain improvement, and low-energy harvesting deliver step-changes in cost                55

4.2.3.6    Circular integrations — using wastewater, CO₂ streams & food-waste nutrients      56

4.2.4        CHALLENGES    56

4.2.4.1    High production costs restricting entry of smaller players                 56

4.2.4.2    Difficulties in meeting requisite quality standards          57

4.3           UNMET NEEDS AND WHITE SPACES       58

4.3.1        UNMET NEEDS IN ALGAE PRODUCTS MARKET 58

4.3.2        WHITE SPACE OPPORTUNITIES                59

4.4           INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES              60

4.4.1        INTERCONNECTED MARKETS   60

4.4.2        CROSS-SECTOR OPPORTUNITIES             61

4.5           STRATEGIC MOVES BY TIER-1/2/3 PLAYERS        61

4.5.1        KEY MOVES AND STRATEGIC FOCUS      61

5               INDUSTRY TRENDS         62

5.1           PORTER’S FIVE FORCES ANALYSIS           62

5.1.1        DEGREE OF COMPETITION         63

5.1.2        BARGAINING POWER OF SUPPLIERS       63

5.1.3        BARGAINING POWER OF BUYERS             63

5.1.4        THREAT OF SUBSTITUTES          64

5.1.5        THREAT OF NEW ENTRANTS      64

5.2           MACROECONOMICS OUTLOOK                64

5.2.1        INCREASING GLOBAL POPULATION       64

5.2.2        INNOVATIVE TECHNOLOGIES FOR EXTRACTION OF ALGAE  66

5.2.3        SUPPLY CHAIN DISRUPTIONS & LOGISTICS COSTS                 66

5.3           SUPPLY CHAIN ANALYSIS             66

5.3.1        INPUT & STRAIN DEVELOPMENT             67

5.3.2        CULTIVATION (MICROALGAE & SEAWEED FARMING)                 67

5.3.3        HARVESTING & BIOMASS COLLECTION                 68

5.3.4        PROCESSING, EXTRACTION & REFINING               68

5.3.5        QUALITY TESTING, CERTIFICATION & COMPLIANCE                 68

5.3.6        PACKAGING & LABELING             68

5.3.7        WAREHOUSING & DISTRIBUTION            68

5.3.8        RETAIL & END-MARKET DELIVERY          69

5.4           VALUE CHAIN ANALYSIS               69

5.4.1        RESEARCH & PRODUCT DEVELOPMENT AND REGISTRATION 69

5.4.2        PROCESSING     69

5.4.3        PACKAGING       69

5.4.4        DISTRIBUTION AND MARKETING & SALES           69

5.5           ECOSYSTEM ANALYSIS  70

5.6           PRICING ANALYSIS          71

5.6.1        AVERAGE SELLING PRICE OF KEY PLAYERS, BY TYPE                 72

5.6.2        AVERAGE SELLING PRICE TREND, BY REGION   72

5.7           TRADE ANALYSIS             73

5.7.1        IMPORT SCENARIO (HS CODE 121220)    73

5.7.2        EXPORT SCENARIO (HS CODE 121220)    74

5.8           KEY CONFERENCES AND EVENTS, 2025–2026        75

5.9           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            75

5.10         INVESTMENT AND FUNDING SCENARIO               76

5.11         CASE STUDY ANALYSIS 77

5.11.1      MIALGAE: DEVELOPMENT OF NOVEL ALGAE PRODUCTION SYSTEM 77

5.11.2      ALGAECYTES: ADOPTION OF PROPRIETARY ALGAE STRAINS FOR OMEGA-3 EXTRACTION    77

5.12         IMPACT OF 2025 US TARIFF – ALGAE PRODUCTS MARKET               77

5.12.1      INTRODUCTION              77

5.12.2      KEY TARIFF RATES          78

5.12.3      PRICE IMPACT ANALYSIS             78

5.12.4      IMPACT ON COUNTRIES/REGIONS         79

5.12.4.1  US           79

5.12.4.2  Europe   80

5.12.4.3  Asia Pacific            80

5.12.5      IMPACT ON END-USE INDUSTRIES          80

6               TECHNOLOGY ADVANCEMENTS, AI-DRIVEN IMPACT, PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS                 81

6.1           KEY TECHNOLOGIES     81

6.1.1        PHOTOBIOREACTORS (PBRS)    81

6.1.2        OPEN RACEWAY PONDS/LONGLINE SEAWEED FARMS                 81

6.1.3        STRAIN DEVELOPMENT & SELECTION (BREEDING/SCREENING)             82

6.2           COMPLEMENTARY TECHNOLOGIES       82

6.2.1        CO₂ CAPTURE & FLUE-GAS INTEGRATION           82

6.2.2        RENEWABLE ENERGY INTEGRATION (SOLAR, WIND, WASTE HEAT)   82

6.2.3        ADVANCED LED LIGHTING & SPECTRAL TUNING                 83

6.3           ADJACENT TECHNOLOGIES       83

6.3.1        CARBON ACCOUNTING & MRV (MEASUREMENT, REPORTING, VERIFICATION)     83

6.3.2        AI/ADVANCED ANALYTICS FOR YIELD OPTIMIZATION                 83

6.3.3        VERTICAL FARMING & HYBRID LAND-BASED SYSTEMS                 84

6.3.4        3D PRINTING & BIOMATERIALS 84

6.4           PATENT ANALYSIS          84

6.4.1        INTRODUCTION              84

6.4.2        LIST OF MAJOR PATENTS (JANUARY 2015-NOVEMBER 2025)      86

6.5           FUTURE APPLICATIONS               87

6.5.1        PRECISION ALGAE-BASED NUTRACEUTICALS    87

6.5.2        ALGAE-DERIVED BIOPLASTICS & SUSTAINABLE PACKAGING       88

6.5.3        CARBON-NEGATIVE ALGAE CULTIVATION SYSTEMS                 88

6.5.4        ALGAE-POWERED BIO-ACTIVE COSMETIC INGREDIENTS   88

6.5.5        ALGAE IN ALTERNATIVE PROTEINS & FUTURE FOODS                 89

6.6           IMPACT OF AI/GEN AI ON ALGAE PRODUCTS INDUSTRY                 89

6.6.1        TOP USE CASES AND MARKET POTENTIAL          89

6.6.2        BEST PRACTICES IN BIOTECHNOLOGY PROCESSING AND CULTIVATION        90

6.6.3        CASE STUDIES OF AI IMPLEMENTATION IN ALGAE PRODUCTS MARKET      90

6.6.4        INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS  91

6.6.5        READINESS TO ADOPT GENERATIVE AI IN ALGAE PRODUCTS MARKET      91

6.7           SUCCESS STORIES AND REAL-WORLD APPLICATIONS                 92

6.7.1        CELLANA – SCALING MICROALGAE-DERIVED OMEGA-3 OILS FOR GLOBAL NUTRITION 92

6.7.2        CORBION – COMMERCIAL ALGAE OIL FOR AQUAFEED & HUMAN NUTRITION      92

6.7.3        ACADIAN SEAPLANTS – SEAWEED-BASED BIOACTIVES FOR FOOD, COSMETICS & AGRICULTURE             93

7               SUSTAINABILITY AND REGULATORY LANDSCAPE                 94

7.1           REGIONAL REGULATIONS AND COMPLIANCE   94

7.1.1        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             94

7.1.2        INDUSTRY STANDARDS                96

7.1.3        LABELING REQUIREMENTS AND CLAIMS              97

7.1.4        ANTICIPATED REGULATORY CHANGES IN NEXT 5-10 YEARS   98

7.1.4.1    Stricter Contaminant & Heavy Metal Limits   98

7.1.4.2    Expansion of Novel Food & GRAS Pathways for Microalgae                 98

7.1.4.3    Mandatory Sustainability & Traceability Reporting        98

7.1.4.4    Marine Conservation & Harvesting Restrictions for Seaweed                 98

7.2           SUSTAINABILITY INITIATIVES   99

7.2.1        LOW-CARBON CULTIVATION SYSTEMS 99

7.2.2        CARBON CAPTURE & CO₂ UTILIZATION (CCU)  99

7.2.3        SUSTAINABLE SEAWEED HARVESTING & MARINE STEWARDSHIP  99

7.2.4        BIOREFINERY APPROACH FOR COMPLETE BIOMASS UTILIZATION    99

7.2.5        REGENERATIVE OCEAN FARMING PRACTICES   99

7.3           SUSTAINABILITY IMPACT AND REGULATORY POLICY INITIATIVES       100

7.4           CERTIFICATIONS, LABELING, ECO-STANDARDS                 101

8               CUSTOMER LANDSCAPE AND BUYER BEHAVIOR                 102

8.1           DECISION-MAKING PROCESS     102

8.2           BUYER STAKEHOLDERS AND BUYING EVALUATION CRITERIA             104

8.2.1        KEY STAKEHOLDERS IN BUYING PROCESS           104

8.2.2        BUYING CRITERIA           105

8.3           ADOPTION BARRIERS AND INTERNAL CHALLENGES                 105

8.4           UNMET NEEDS FROM VARIOUS END-USE INDUSTRIES                 107

8.5           MARKET PROFITABILITY             108

8.5.1        REVENUE POTENTIAL   108

8.5.2        COST DYNAMICS             109

8.5.3        MARGIN OPPORTUNITIES, BY SOURCE 109

9               ALGAE PRODUCTS MARKET, BY TYPE   110

9.1           INTRODUCTION              111

9.2           LIPIDS  112

9.2.1        GROWING USE OF LIPIDS SOURCED FROM ALGAE AS ALTERNATIVES TO FISH OIL TO BOOST MARKET             112

9.3           CARRAGEENANS               114

9.3.1        EXTENSIVE APPLICATIONS OF CARRAGEENANS IN PHARMACEUTICAL AND FOOD & BEVERAGE SECTORS TO FUEL ADOPTION         114

9.4           CAROTENOIDS 115

9.4.1        GROWING DEMAND FOR NATURAL CAROTENOIDS TO SUPPORT GROWTH        115

9.5           ALGAL PROTEINS            117

9.5.1        GROWING DEMAND FOR ALGAL PROTEINS IN NUTRACEUTICAL INDUSTRY TO FAVOR MARKET GROWTH                 117

9.6           ALGINATES        118

9.6.1        GROWING USE OF ALGINATES AS BLENDING AGENTS IN FOOD & BEVERAGE PRODUCTS TO BOOST MARKET 118

9.7           OTHER ALGAE PRODUCTS          119

10            ALGAE PRODUCTS MARKET, BY SOURCE              121

10.1         INTRODUCTION              122

10.2         MACROALGAE  123

10.2.1      RISING DEMAND FOR NATURAL HYDROCOLLOIDS, PLANT-BASED FOODS, AND SUSTAINABLE MARINE BIOMASS TO ACCELERATE GLOBAL ADOPTION OF MACROALGAE                 123

10.2.2      BROWN ALGAE (PHAEOPHYCEAE)          125

10.2.2.1  Ascophyllum         126

10.2.2.2  Laminaria               126

10.2.2.3  Macrocystis            126

10.2.2.4  Other brown algae                126

10.2.3      RED ALGAE (RHODOPHYTA)      127

10.2.3.1  Gracilaria               127

10.2.3.2  Gelidium                128

10.2.3.3  Porphyra (Nori)   128

10.2.3.4  Other red algae     128

10.3         MICROALGAE    128

10.3.1      GROWING NEED FOR HIGH-VALUE BIOACTIVES, NATURAL PIGMENTS, AND VEGAN OMEGA-3 SOURCES TO DRIVE RAPID EXPANSION OF MICROALGAE SEGMENT  128

10.3.2      GREEN ALGAE (CHLOROPHYTA)              130

10.3.2.1  Chlorella 130

10.3.2.2  Haematococcus     130

10.3.2.3  Other Green Algae               131

10.3.3      BLUE-GREEN ALGAE (CYANOBACTERIA)              131

10.3.3.1  Spirulina 131

10.3.3.2  Aphanizomenon flos-aquae (AFA)    132

10.3.4      OTHER MICROALGAE (YELLOW-BROWN & GOLDEN)                 132

11            ALGAE PRODUCTS MARKET, BY APPLICATION 133

11.1         INTRODUCTION              134

11.2         FOOD & BEVERAGES      135

11.2.1      GROWING DEMAND FOR ALTERNATE PLANT PROTEIN SOURCES TO BOOST DEMAND FOR ALGAE PRODUCTS 135

11.2.1.1  Dairy & Dairy Alternatives 136

11.2.1.2  Bakery & Confectionery Products     137

11.2.1.3  Meat & Meat Alternatives   137

11.2.1.4  Beverages               137

11.2.1.5  Condiments & Sauces          137

11.2.1.6  Other Food Applications     138

11.3         NUTRACEUTICALS & DIETARY SUPPLEMENTS  138

11.3.1      GROWING POPULARITY OF ALGAE-BASED OMEGA-3 SUPPLEMENTS TO CONTRIBUTE TO GROWTH 138

11.3.1.1  Tablets   139

11.3.1.2  Capsules 139

11.3.1.3  Gummies & Chewables       139

11.3.1.4  Powder   140

11.3.1.5  Liquid     140

11.4         ANIMAL FEED   140

11.4.1      ABILITY OF ALGAE-BASED ANIMAL FEED TO DELIVER ESSENTIAL MINERALS AND BOOST IMMUNITY TO SUPPORT GROWTH             140

11.4.1.1  Poultry   142

11.4.1.2  Ruminants              142

11.4.1.3  Swine      142

11.4.1.4  Aquatic Animals   142

11.4.1.5  Pets         143

11.5         PERSONAL CARE PRODUCTS     143

11.5.1      ANTI-INFLAMMATORY PROPERTIES OF ALGAE TO DRIVE GROWTH IN MARKET SEGMENT 143

11.6         PHARMACEUTICALS       145

11.6.1      ANTIBIOTIC PROPERTIES OF ALGAE PRODUCTS TO FUEL DEMAND 145

11.7         OTHER APPLICATIONS 147

12            ALGAE PRODUCTS MARKET, BY FORM  148

12.1         INTRODUCTION              149

12.2         SOLID   150

12.2.1      VERSATILITY OF SOLID ALGAE PRODUCTS TO DRIVE MARKET GROWTH          150

12.3         LIQUID 151

12.3.1      GROWING APPLICATIONS IN PHARMACEUTICALS TO BOOST DEMAND FOR LIQUID ALGAE PRODUCTS            151

13            ALGAE PRODUCTS MARKET, BY PROCESSING TECHNOLOGY  153

13.1         INTRODUCTION              154

13.2         OPEN PONDS    154

13.2.1      COST-EFFICIENT LARGE-SCALE CULTIVATION CONTINUES TO DRIVE ADOPTION OF OPEN PONDS FOR HIGH-VOLUME SPIRULINA AND CHLORELLA PRODUCTION   154

13.3         PHOTOBIOREACTORS (PBR) (FLAT-PANEL & TUBULAR)                 154

13.3.1      RISING DEMAND FOR HIGH-PURITY, CONTAMINATION-FREE MICROALGAL BIOACTIVES TO FUEL RAPID EXPANSION OF PBR-BASED PRODUCTION             154

13.4         HETEROTROPHIC FERMENTATION        155

13.4.1      NEED FOR CONSISTENT, HIGH-DENSITY DHA/EPA, AND PROTEIN OUTPUTS TO BOOST USE OF CONTROLLED HETEROTROPHIC FERMENTATION SYSTEMS    155

13.5         WILD HARVEST 155

13.5.1      GROWING INTEREST IN NATURAL, MARINE-DERIVED HYDROCOLLOIDS AND EXTRACTS SUSTAINS DEMAND FOR RESPONSIBLY MANAGED WILD SEAWEED HARVESTING                 155

13.6         HYBRID SYSTEMS             156

13.6.1      PRODUCERS SEEKING TO BALANCE COST EFFICIENCY AND PRODUCT QUALITY TO INCREASE SHIFTING TOWARD HYBRID ALGAE CULTIVATION MODELS                156

13.7         DOWNSTREAM PROCESSING     156

13.7.1      RISING COMMERCIAL DEMAND FOR HIGH-PURITY ALGAL EXTRACTS TO DRIVE INNOVATIONS AND INVESTMENT IN EFFICIENT DOWNSTREAM PROCESSING         156

14            ALGAE PRODUCTS MARKET, BY REGION              157

14.1         INTRODUCTION              158

14.2         NORTH AMERICA             161

14.2.1      US           166

14.2.1.1  Rising applications of algae products in food & beverages, nutraceuticals, and personal care products to boost market          166

14.2.2      CANADA               167

14.2.2.1  Rising preference for plant-based alternatives to favor market growth    167

14.2.3      MEXICO                169

14.2.3.1  Dietary concerns to boost demand for algae products   169

14.3         EUROPE               170

14.3.1      GERMANY           174

14.3.1.1  Growing demand for algae products for sports nutrition and animal feed to fuel growth  174

14.3.2      FRANCE                176

14.3.2.1  Reliance on algae imports to drive market for local algae products                 176

14.3.3      SPAIN    177

14.3.3.1  Food & beverage industry to provide growth opportunities for algae products       177

14.3.4      UK          178

14.3.4.1  Growing awareness about algae products to drive market growth                 178

14.3.5      ITALY    180

14.3.5.1  Increasing investments and expansions by market players to support growth      180

14.3.6      REST OF EUROPE             181

14.4         ASIA PACIFIC     182

14.4.1      CHINA  187

14.4.1.1  Use of algae in personal care to drive market in China  187

14.4.2      JAPAN   189

14.4.2.1  Growing use of organic products to propel market growth                 189

14.4.3      INDIA    190

14.4.3.1  Presence of key market players to strengthen algae products market    190

14.4.4      AUSTRALIA & NEW ZEALAND     191

14.4.4.1  Rising awareness and growth of aquaculture industry to drive demand for algae products 191

14.4.5      REST OF ASIA PACIFIC   193

14.5         SOUTH AMERICA             194

14.5.1      BRAZIL 199

14.5.1.1  Rising per capita income to fuel demand for quality algae products 199

14.5.2      ARGENTINA       200

14.5.2.1  Increasing preference for vegan diets to provide growth avenues                 200

14.5.3      REST OF SOUTH AMERICA           201

14.6         REST OF THE WORLD (ROW)      202

14.6.1      AFRICA 207

14.6.1.1  High prevalence of malnutrition to boost demand for algae products 207

14.6.2      MIDDLE EAST   208

14.6.2.1  Growing demand for algae products from nutraceutical sector to boost growth          208

15            COMPETITIVE LANDSCAPE         210

15.1         OVERVIEW          210

15.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2024                 210

15.3         REVENUE ANALYSIS, 2020–2024  212

15.4         MARKET SHARE ANALYSIS, 2024                 213

15.5         COMPANY VALUATION AND FINANCIAL METRICS                 214

15.6         BRAND/PRODUCT COMPARISON             215

15.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 216

15.7.1      STARS   216

15.7.2      EMERGING LEADERS     216

15.7.3      PERVASIVE PLAYERS      216

15.7.4      PARTICIPANTS 216

15.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         218

15.7.5.1  Company footprint               218

15.7.5.2  Type footprint       219

15.7.5.3  Application footprint            220

15.7.5.4  Region footprint   221

15.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        222

15.8.1      PROGRESSIVE COMPANIES         222

15.8.2      RESPONSIVE COMPANIES            222

15.8.3      DYNAMIC COMPANIES  222

15.8.4      STARTING BLOCKS         222

15.8.5      COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES              224

15.8.5.1  Detailed list of key startups/SMEs    224

15.8.5.2  Competitive benchmarking of key startups/SMEs          225

15.9         COMPETITIVE SCENARIO             226

15.9.1      PRODUCT LAUNCHES   226

15.9.2      DEALS  227

15.9.3      EXPANSIONS     230

15.9.4      OTHER DEVELOPMENTS              230

16            COMPANY PROFILES      231

16.1         KEY PLAYERS     231

16.1.1      CYANOTECH CORPORATION     231

16.1.1.1  Business overview 231

16.1.1.2  Products/Solutions/Services offered 233

16.1.1.3  Recent developments           234

16.1.1.3.1                Product launches  234

16.1.1.3.2                Other developments             234

16.1.1.4  MnM view              235

16.1.1.4.1                Key strengths        235

16.1.1.4.2                Strategic choices   235

16.1.1.4.3                Weaknesses and competitive threats 235

16.1.2      CARGILL, INCORPORATED          236

16.1.2.1  Business overview 236

16.1.2.2  Products/Solutions/Services offered 237

16.1.2.3  Recent developments           238

16.1.2.3.1                Product launches  238

16.1.2.4  MnM view              238

16.1.2.4.1                Key strengths        238

16.1.2.4.2                Strategic choices   238

16.1.2.4.3                Weaknesses and competitive threats 238

16.1.3      DSM       239

16.1.3.1  Business overview 239

16.1.3.2  Products/Solutions/Services offered 240

16.1.3.3  MnM view              240

16.1.3.3.1                Key strengths        240

16.1.3.3.2                Strategic choices   241

16.1.3.3.3                Weaknesses and competitive threats 241

16.1.4      BASF SE                 242

16.1.4.1  Business overview 242

16.1.4.2  Products/Solutions/Services offered 243

16.1.4.3  MnM view              244

16.1.4.3.1                Key strengths        244

16.1.4.3.2                Strategic choices   244

16.1.4.3.3                Weaknesses and competitive threats 244

16.1.5      TATE & LYLE      245

16.1.5.1  Business overview 245

16.1.5.2  Products/Solutions/Services offered 246

16.1.5.3  Recent developments           247

16.1.5.4  MnM view              248

16.1.5.4.1                Key strengths        248

16.1.5.4.2                Strategic choices   248

16.1.5.4.3                Weaknesses and competitive threats 248

16.1.6      INTERNATIONAL FLAVORS & FRAGRANCES INC.                 249

16.1.6.1  Business overview 249

16.1.6.2  Products/Solutions/Services offered 250

16.1.6.3  Recent developments           251

16.1.6.3.1                Product launches  251

16.1.6.3.2                Deals      252

16.1.6.4  MnM view              252

16.1.7      CORBION             253

16.1.7.1  Business overview 253

16.1.7.2  Products/Solutions/Services offered 254

16.1.7.3  Recent developments           255

16.1.7.3.1                Deals      255

16.1.7.4  MnM view              255

16.1.8      EARTHRISE NUTRITIONALS, LLC              256

16.1.8.1  Business overview 256

16.1.8.2  Products/Solutions/Services offered 256

16.1.8.3  MnM view              256

16.1.9      E.I.D. – PARRY    257

16.1.9.1  Business overview 257

16.1.9.2  Products/Solutions/Services offered 258

16.1.9.3  MnM view              258

16.1.10   ALGEA  259

16.1.10.1                 Business overview 259

16.1.10.2                 Products/Solutions/Services offered 259

16.1.10.3                 MnM view              259

16.1.11   SPIRA INC.           260

16.1.11.1                 Business overview 260

16.1.11.2                 Products/Solutions/Services offered 260

16.1.11.3                 MnM view              260

16.1.12   ALGENOL            261

16.1.12.1                 Business overview 261

16.1.12.2                 Products/Solutions/Services offered 261

16.1.12.3                 MnM view              261

16.1.13   GLAUKOS ALGAE TECHNOLOGIES PVT. LTD.     262

16.1.13.1                 Business overview 262

16.1.13.2                 Products/Solutions/Services offered 262

16.1.13.3                 MnM view              263

16.1.14   NUTRIALGO PRIVATE LIMITED 264

16.1.14.1                 Business overview 264

16.1.14.2                 Products/Solutions/Services offered 264

16.1.14.3                 MnM view              265

16.1.15   ALGALR                266

16.1.15.1                 Business overview 266

16.1.15.2                 Products/Solutions/Services offered 266

16.1.15.3                 MnM view              267

16.2         OTHER PLAYERS              268

16.2.1      EVONIK INDUSTRIES AG               268

16.2.1.1  Business overview 268

16.2.2      PRODUCTS/SOLUTIONS/SERVICES OFFERED    269

16.2.2.1  Recent developments           270

16.2.2.1.1                Product launches  270

16.2.2.1.2                Deals      270

16.2.2.2  MnM view              271

16.2.3      SOLABIA NUTRITION     272

16.2.3.1  Business overview 272

16.2.3.2  Products/Solutions/Services offered 273

16.2.3.3  Recent developments           274

16.2.3.3.1                Deals      274

16.2.3.3.2                Expansions             274

16.2.3.4  MnM view              274

16.2.4      ALGENOL            276

16.2.4.1  Business overview 276

16.2.4.2  Products/Solutions/Services offered 276

16.2.4.3  MnM view              276

16.2.5      CELLANA INC.   277

16.2.5.1  Business overview 277

16.2.5.2  Products/Solutions/Services offered 277

16.2.5.3  MnM view              277

16.2.6      FENCHEM            278

16.2.6.1  Business overview 278

16.2.6.2  Products/Solutions/Services offered 278

16.2.6.3  MnM view              279

16.2.7      TBK MANUFACTURING CORPORATION                 280

16.2.8      KARAGEN INDONESIA, CV            281

16.2.9      ASTAREAL AB    282

16.2.10   P.T. HYDROCOLLOID INDONESIA            283

16.2.11   TRITON ALGAE INNOVATIONS 284

17            RESEARCH METHODOLOGY       285

17.1         RESEARCH DATA              285

17.1.1      SECONDARY DATA          287

17.1.1.1  Key data from secondary sources       287

17.1.2      PRIMARY DATA 287

17.1.2.1  Key data from primary sources           288

17.1.2.2  Key insights from industry experts    288

17.1.2.3  Breakdown of primary interviews      289

17.2         MARKET SIZE ESTIMATION         290

17.2.1      MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH                 290

17.2.2      MARKET SIZE ESTIMATION: TOP-DOWN APPROACH                 292

17.3         DATA TRIANGULATION                294

17.4         RESEARCH ASSUMPTIONS           295

17.5         LIMITATIONS AND ASSOCIATED RISKS 296

18            ADJACENT & RELATED MARKETS             297

18.1         INTRODUCTION              297

18.2         LIMITATIONS    297

18.3         SEAWEED PROTEINS MARKET   297

18.3.1      MARKET DEFINITION   297

18.3.2      MARKET OVERVIEW       298

18.3.3      SEAWEED PROTEINS MARKET, BY APPLICATION                 299

18.3.3.1  Introduction          299

18.4         CAROTENOIDS MARKET               301

18.4.1      MARKET DEFINITION   301

18.4.2      MARKET OVERVIEW       301

18.4.3      CAROTENOIDS MARKET, BY TYPE           302

18.4.3.1  Introduction          302

19            APPENDIX           303

19.1         DISCUSSION GUIDE        303

19.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                308

19.3         CUSTOMIZATION OPTIONS        310

19.4         RELATED REPORTS         310

19.5         AUTHOR DETAILS           311

LIST OF TABLES

TABLE 1                USD EXCHANGE RATES, 2020–2024            30

TABLE 2                HEALTH BENEFITS ASSOCIATED WITH OMEGA-3 CONSUMPTION             47

TABLE 3                ALGAE PRODUCTS MARKET: PORTER’S FIVE FORCES ANALYSIS           63

TABLE 4                ROLES OF COMPANIES IN ALGAE PRODUCTS ECOSYSTEM       71

TABLE 5                ALGAE PRODUCTS MARKET: LIST OF KEY CONFERENCES AND

EVENTS, 2025–2026           75

TABLE 6                US-ADJUSTED RECIPROCAL TARIFF RATES                 78

TABLE 7                TOP USE CASES AND MARKET POTENTIAL                 89

TABLE 8                BEST PRACTICES: COMPANIES IMPLEMENTING USE CASES           90

TABLE 9                ALGAE PRODUCTS MARKET: CASE STUDIES RELATED TO GEN AI IMPLEMENTATION              90

TABLE 10              INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS        91

TABLE 11              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 94

TABLE 12              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           95

TABLE 13              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 95

TABLE 14              REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 96

TABLE 15              GLOBAL INDUSTRY STANDARDS IN ALGAE PRODUCTS MARKET      96

TABLE 16              LABELING REQUIREMENTS AND CLAIMS IN ALGAE PRODUCTS MARKET       97

TABLE 17              CERTIFICATIONS, LABELING, AND ECO-STANDARDS IN ALGAE PRODUCTS MARKET       101

TABLE 18              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS              104

TABLE 19              KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS   105

TABLE 20              UNMET NEEDS IN ALGAE PRODUCTS MARKET, BY END-USE INDUSTRY 107

TABLE 21              COST DYNAMICS IN ALGAE PRODUCTS MARKET               109

TABLE 22              MARGIN OPPORTUNITIES IN ALGAE PRODUCTS MARKET, BY SOURCE             109

TABLE 23              ALGAE PRODUCTS MARKET, BY TYPE, 2021–2024 (USD MILLION) 111

TABLE 24              ALGAE PRODUCTS MARKET, BY TYPE, 2025–2030 (USD MILLION) 112

TABLE 25              ALGAL LIPIDS MARKET, BY REGION, 2021–2024 (USD MILLION) 113

TABLE 26              ALGAL LIPIDS MARKET, BY REGION, 2025–2030 (USD MILLION) 113

TABLE 27              CARRAGEENANS MARKET, BY REGION, 2021–2024 (USD MILLION)       114

TABLE 28              CARRAGEENANS MARKET, BY REGION, 2025–2030 (USD MILLION)       115

TABLE 29              ALGAL CAROTENOIDS MARKET, BY REGION, 2021–2024 (USD MILLION)            116

TABLE 30              ALGAL CAROTENOIDS MARKET, BY REGION, 2025–2030 (USD MILLION)            116

TABLE 31              ALGAL PROTEINS MARKET, BY REGION, 2021–2024 (USD MILLION)       118

TABLE 32              ALGAL PROTEINS MARKET, BY REGION, 2025–2030 (USD MILLION)       118

TABLE 33              ALGINATES MARKET, BY REGION, 2021–2024 (USD MILLION) 119

TABLE 34              ALGINATES MARKET, BY REGION, 2025–2030 (USD MILLION) 119

TABLE 35             OTHER ALGAE PRODUCTS MARKET, BY REGION, 2021–2024 (USD MILLION)            120

TABLE 36             OTHER ALGAE PRODUCTS MARKET, BY REGION, 2025–2030 (USD MILLION)            120

TABLE 37              CHARACTERISTICS OF DIFFERENT ALGAE, BY PHYLUM/CLASS                122

TABLE 38              ALGAE PRODUCTS MARKET, BY SOURCE, 2021–2024 (USD MILLION)       123

TABLE 39              ALGAE PRODUCTS MARKET, BY SOURCE, 2025–2030 (USD MILLION)       123

TABLE 40              MACROALGAE PRODUCTS MARKET, BY SOURCE, 2021–2024 (USD MILLION)         124

TABLE 41              MACROALGAE PRODUCTS MARKET, BY SOURCE, 2025–2030 (USD MILLION)         124

TABLE 42             MACROALGAE PRODUCTS MARKET, BY REGION, 2021–2024 (USD MILLION)            124

TABLE 43             MACROALGAE PRODUCTS MARKET, BY REGION, 2025–2030 (USD MILLION)            125

TABLE 44              BROWN ALGAE PRODUCTS MARKET, BY REGION, 2021–2024 (USD MILLION)          125

TABLE 45              BROWN ALGAE PRODUCTS MARKET, BY REGION, 2025–2030 (USD MILLION)          126

TABLE 46              RED ALGAE PRODUCTS MARKET, BY REGION, 2021–2024 (USD MILLION)            127

TABLE 47              RED ALGAE PRODUCTS MARKET, BY REGION, 2025–2030 (USD MILLION)            127

TABLE 48             MICROALGAE PRODUCTS MARKET, BY SOURCE, 2021–2024 (USD MILLION)            128

TABLE 49             MICROALGAE PRODUCTS MARKET, BY SOURCE, 2025–2030 (USD MILLION)            129

TABLE 50              MICROALGAE PRODUCTS MARKET, BY REGION, 2021–2024 (USD MILLION)            129

TABLE 51              MICROALGAE PRODUCTS MARKET, BY REGION, 2025–2030 (USD MILLION)            129

TABLE 52             GREEN ALGAE PRODUCTS MARKET, BY REGION, 2021–2024 (USD MILLION)            130

TABLE 53             GREEN ALGAE PRODUCTS MARKET, BY REGION, 2025–2030 (USD MILLION)            130

TABLE 54              BLUE-GREEN ALGAE PRODUCTS MARKET, BY REGION, 2021–2024 (USD MILLION)          131

TABLE 55              BLUE-GREEN ALGAE PRODUCTS MARKET, BY REGION, 2025–2030 (USD MILLION)          131

TABLE 56              OTHER MICROALGAE PRODUCTS MARKET, BY REGION,

2021–2024 (USD MILLION)            132

TABLE 57              OTHER MICROALGAE PRODUCTS MARKET, BY REGION,

2025–2030 (USD MILLION)            132

TABLE 58              ALGAE PRODUCTS MARKET, BY APPLICATION, 2021–2024 (USD MILLION)            134

TABLE 59              ALGAE PRODUCTS MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            135

TABLE 60              ALGAE PRODUCTS MARKET IN FOOD & BEVERAGES, BY REGION,

2021–2024 (USD MILLION)            136

TABLE 61              ALGAE PRODUCTS MARKET IN FOOD & BEVERAGES, BY REGION,

2025–2030 (USD MILLION)            136

TABLE 62              ALGAE PRODUCTS MARKET IN DIETARY SUPPLEMENTS, BY REGION,

2021–2024 (USD MILLION)            139

TABLE 63              ALGAE PRODUCTS MARKET IN DIETARY SUPPLEMENTS, BY REGION,

2025–2030 (USD MILLION)            139

TABLE 64              ALGAE PRODUCTS MARKET IN ANIMAL FEED, BY REGION,

2021–2024 (USD MILLION)            141

TABLE 65              ALGAE PRODUCTS MARKET IN ANIMAL FEED, BY REGION,

2025–2030 (USD MILLION)            141

TABLE 66              ALGAE PRODUCTS MARKET IN PERSONAL CARE PRODUCTS, BY REGION,

2021–2024 (USD MILLION)            144

TABLE 67              ALGAE PRODUCTS MARKET IN PERSONAL CARE PRODUCTS, BY REGION,

2025–2030 (USD MILLION)            145

TABLE 68              ALGAE PRODUCTS MARKET IN PHARMACEUTICALS, BY REGION,

2021–2024 (USD MILLION)            146

TABLE 69              ALGAE PRODUCTS MARKET IN PHARMACEUTICALS, BY REGION,

2025–2030 (USD MILLION)            146

TABLE 70              ALGAE PRODUCTS MARKET IN OTHER APPLICATIONS, BY REGION,

2021–2024 (USD MILLION)            147

TABLE 71              ALGAE PRODUCTS MARKET IN OTHER APPLICATIONS, BY REGION,

2025–2030 (USD MILLION)            147

TABLE 72              ALGAE PRODUCTS MARKET, BY FORM, 2021–2024 (USD MILLION)       149

TABLE 73              ALGAE PRODUCTS MARKET, BY FORM, 2025–2030 (USD MILLION)       149

TABLE 74              SOLID ALGAE PRODUCTS MARKET, BY REGION, 2021–2024 (USD MILLION)            150

TABLE 75              SOLID ALGAE PRODUCTS MARKET, BY REGION, 2025–2030 (USD MILLION)            151

TABLE 76              LIQUID ALGAE PRODUCTS MARKET, BY REGION, 2021–2024 (USD MILLION)          152

TABLE 77              LIQUID ALGAE PRODUCTS MARKET, BY REGION, 2025–2030 (USD MILLION)          152

TABLE 78              ALGAE PRODUCTS MARKET, BY REGION, 2021–2024 (USD MILLION)       159

TABLE 79              ALGAE PRODUCTS MARKET, BY REGION, 2025–2030 (USD MILLION)       160

TABLE 80              ALGAE PRODUCTS MARKET, BY REGION, 2021–2024 (TONS)       160

TABLE 81              ALGAE PRODUCTS MARKET, BY REGION, 2025–2030 (TONS)       160

TABLE 82              NORTH AMERICA: ALGAE PRODUCTS MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            162

TABLE 83              NORTH AMERICA: ALGAE PRODUCTS MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            162

TABLE 84              NORTH AMERICA: ALGAE PRODUCTS MARKET, BY TYPE,

2021–2024 (USD MILLION)            162

TABLE 85              NORTH AMERICA: ALGAE PRODUCTS MARKET, BY TYPE,

2025–2030 (USD MILLION)            163

TABLE 86              NORTH AMERICA: ALGAE PRODUCTS MARKET, BY SOURCE,

2021–2024 (USD MILLION)            163

TABLE 87              NORTH AMERICA: ALGAE PRODUCTS MARKET, BY SOURCE,

2025–2030 (USD MILLION)            163

TABLE 88              NORTH AMERICA: ALGAE PRODUCTS MARKET, BY MICROALGAE,

2021–2024 (USD MILLION)            163

TABLE 89              NORTH AMERICA: ALGAE PRODUCTS MARKET, BY MICROALGAE,

2025–2030 (USD MILLION)            164

TABLE 90              NORTH AMERICA: ALGAE PRODUCTS MARKET, BY MACROALGAE,

2021–2024 (USD MILLION)            164

TABLE 91              NORTH AMERICA: ALGAE PRODUCTS MARKET, BY MACROALGAE, 2025–2030 (USD MILLION)      164

TABLE 92              NORTH AMERICA: ALGAE PRODUCTS MARKET, BY FORM,

2021–2024 (USD MILLION)            164

TABLE 93              NORTH AMERICA: ALGAE PRODUCTS MARKET, BY FORM,

2025–2030 (USD MILLION)            165

TABLE 94              NORTH AMERICA: ALGAE PRODUCTS MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            165

TABLE 95              NORTH AMERICA: ALGAE PRODUCTS MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            165

TABLE 96              US: ALGAE PRODUCTS MARKET, BY TYPE, 2021–2024 (USD MILLION)       166

TABLE 97              US: ALGAE PRODUCTS MARKET, BY TYPE, 2025–2030 (USD MILLION)       167

TABLE 98              CANADA: ALGAE PRODUCTS MARKET, BY TYPE, 2021–2024 (USD MILLION)            168

TABLE 99              CANADA: ALGAE PRODUCTS MARKET, BY TYPE, 2025–2030 (USD MILLION)            168

TABLE 100            MEXICO: ALGAE PRODUCTS MARKET, BY TYPE, 2021–2024 (USD MILLION)            169

TABLE 101            MEXICO: ALGAE PRODUCTS MARKET, BY TYPE, 2025–2030 (USD MILLION)            170

TABLE 102            EUROPE: ALGAE PRODUCTS MARKET, BY COUNTRY, 2021–2024 (USD MILLION)     170

TABLE 103            EUROPE: ALGAE PRODUCTS MARKET, BY COUNTRY, 2025–2030 (USD MILLION)     171

TABLE 104            EUROPE: ALGAE PRODUCTS MARKET, BY TYPE, 2021–2024 (USD MILLION)            171

TABLE 105            EUROPE: ALGAE PRODUCTS MARKET, BY TYPE, 2025–2030 (USD MILLION)            171

TABLE 106            EUROPE: ALGAE PRODUCTS MARKET, BY SOURCE, 2021–2024 (USD MILLION)         172

TABLE 107            EUROPE: ALGAE PRODUCTS MARKET, BY SOURCE, 2025–2030 (USD MILLION)         172

TABLE 108            EUROPE: ALGAE PRODUCTS MARKET, BY MICROALGAE,

2021–2024 (USD MILLION)            172

TABLE 109            EUROPE: ALGAE PRODUCTS MARKET, BY MICROALGAE,

2025–2030 (USD MILLION)            172

TABLE 110            EUROPE: ALGAE PRODUCTS MARKET, BY MACROALGAE,

2021–2024 (USD MILLION)            173

TABLE 111            EUROPE: ALGAE PRODUCTS MARKET, BY MACROALGAE,

2025–2030 (USD MILLION)            173

TABLE 112          EUROPE: ALGAE PRODUCTS MARKET, BY FORM, 2021–2024 (USD MILLION)            173

TABLE 113          EUROPE: ALGAE PRODUCTS MARKET, BY FORM, 2025–2030 (USD MILLION)            173

TABLE 114            EUROPE: ALGAE PRODUCTS MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            174

TABLE 115            EUROPE: ALGAE PRODUCTS MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            174

TABLE 116            GERMANY: ALGAE PRODUCTS MARKET, BY TYPE, 2021–2024 (USD MILLION)                175

TABLE 117            GERMANY: ALGAE PRODUCTS MARKET, BY TYPE, 2025–2030 (USD MILLION)                175

TABLE 118            FRANCE: ALGAE PRODUCTS MARKET, BY TYPE, 2021–2024 (USD MILLION)            176

TABLE 119            FRANCE: ALGAE PRODUCTS MARKET, BY TYPE, 2025–2030 (USD MILLION)            177

TABLE 120            SPAIN: ALGAE PRODUCTS MARKET, BY TYPE, 2021–2024 (USD MILLION)            178

TABLE 121            SPAIN: ALGAE PRODUCTS MARKET, BY TYPE, 2025–2030 (USD MILLION)            178

TABLE 122            UK: ALGAE PRODUCTS MARKET, BY TYPE, 2021–2024 (USD MILLION)       179

TABLE 123            UK: ALGAE PRODUCTS MARKET, BY TYPE, 2025–2030 (USD MILLION)       179

TABLE 124            ITALY: ALGAE PRODUCTS MARKET, BY TYPE, 2021–2024 (USD MILLION)            180

TABLE 125            ITALY: ALGAE PRODUCTS MARKET, BY TYPE, 2025–2030 (USD MILLION)            181

TABLE 126            REST OF EUROPE: ALGAE PRODUCTS MARKET, BY TYPE,

2021–2024 (USD MILLION)            181

TABLE 127            REST OF EUROPE: ALGAE PRODUCTS MARKET, BY TYPE,

2025–2030 (USD MILLION)            182

TABLE 128            ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            183

TABLE 129            ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            184

TABLE 130            ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY TYPE, 2021–2024 (USD MILLION)                184

TABLE 131            ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY TYPE, 2025–2030 (USD MILLION)                184

TABLE 132            ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY SOURCE,

2021–2024 (USD MILLION)            185

TABLE 133            ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY SOURCE,

2025–2030 (USD MILLION)            185

TABLE 134            ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY MICROALGAE,

2021–2024 (USD MILLION)            185

TABLE 135            ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY MICROALGAE,

2025–2030 (USD MILLION)            185

TABLE 136            ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY MACROALGAE,

2021–2024 (USD MILLION)            186

TABLE 137            ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY MACROALGAE,

2025–2030 (USD MILLION)            186

TABLE 138            ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY FORM, 2021–2024 (USD MILLION)              186

TABLE 139            ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY FORM, 2025–2030 (USD MILLION)              186

TABLE 140            ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            187

TABLE 141            ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            187

TABLE 142            CHINA: ALGAE PRODUCTS MARKET, BY TYPE, 2021–2024 (USD MILLION)            188

TABLE 143            CHINA: ALGAE PRODUCTS MARKET, BY TYPE, 2025–2030 (USD MILLION)            188

TABLE 144            JAPAN: ALGAE PRODUCTS MARKET, BY TYPE, 2021–2024 (USD MILLION)            189

TABLE 145            JAPAN: ALGAE PRODUCTS MARKET, BY TYPE, 2025–2030 (USD MILLION)            190

TABLE 146            INDIA: ALGAE PRODUCTS MARKET, BY TYPE, 2021–2024 (USD MILLION)            191

TABLE 147            INDIA: ALGAE PRODUCTS MARKET, BY TYPE, 2025–2030 (USD MILLION)            191

TABLE 148            AUSTRALIA & NEW ZEALAND: ALGAE PRODUCTS MARKET, BY TYPE,

2021–2024 (USD MILLION)            192

TABLE 149            AUSTRALIA & NEW ZEALAND: ALGAE PRODUCTS MARKET, BY TYPE,

2025–2030 (USD MILLION)            192

TABLE 150            REST OF ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY TYPE,

2021–2024 (USD MILLION)            194

TABLE 151            REST OF ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY TYPE,

2025–2030 (USD MILLION)            194

TABLE 152            SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            195

TABLE 153            SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            195

TABLE 154            SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY TYPE,

2021–2024 (USD MILLION)            195

TABLE 155            SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY TYPE,

2025–2030 (USD MILLION)            196

TABLE 156            SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY SOURCE,

2021–2024 (USD MILLION)            196

TABLE 157            SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY SOURCE,

2025–2030 (USD MILLION)            196

TABLE 158            SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY MICROALGAE,

2021–2024 (USD MILLION)            196

TABLE 159            SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY MICROALGAE,

2025–2030 (USD MILLION)            197

TABLE 160            SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY MACROALGAE,

2021–2024 (USD MILLION)            197

TABLE 161            SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY MACROALGAE,

2025–2030 (USD MILLION)            197

TABLE 162            SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY FORM,

2021–2024 (USD MILLION)            197

TABLE 163            SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY FORM,

2025–2030 (USD MILLION)            198

TABLE 164            SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            198

TABLE 165            SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            198

TABLE 166            BRAZIL: ALGAE PRODUCTS MARKET, BY TYPE, 2021–2024 (USD MILLION)            199

TABLE 167            BRAZIL: ALGAE PRODUCTS MARKET, BY TYPE, 2025–2030 (USD MILLION)            200

TABLE 168            ARGENTINA: ALGAE PRODUCTS MARKET, BY TYPE, 2021–2024 (USD MILLION)                200

TABLE 169            ARGENTINA: ALGAE PRODUCTS MARKET, BY TYPE, 2025–2030 (USD MILLION)                201

TABLE 170            REST OF SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY TYPE,

2021–2024 (USD MILLION)            202

TABLE 171            REST OF SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY TYPE,

2025–2030 (USD MILLION)            202

TABLE 172            ROW: ALGAE PRODUCTS MARKET, BY REGION, 2021–2024 (USD MILLION)            203

TABLE 173            ROW: ALGAE PRODUCTS MARKET, BY REGION, 2025–2030 (USD MILLION)            203

TABLE 174            ROW: ALGAE PRODUCTS MARKET, BY TYPE, 2021–2024 (USD MILLION)            203

TABLE 175            ROW: ALGAE PRODUCTS MARKET, BY TYPE, 2025–2030 (USD MILLION)            204

TABLE 176            ROW: ALGAE PRODUCTS MARKET, BY SOURCE, 2021–2024 (USD MILLION)            204

TABLE 177            ROW: ALGAE PRODUCTS MARKET, BY SOURCE, 2025–2030 (USD MILLION)            204

TABLE 178            ROW: ALGAE PRODUCTS MARKET, BY MICROALGAE, 2021–2024 (USD MILLION)              204

TABLE 179            ROW: ALGAE PRODUCTS MARKET, BY MICROALGAE, 2025–2030 (USD MILLION)              205

TABLE 180            ROW: ALGAE PRODUCTS MARKET, BY MACROALGAE, 2021–2024 (USD MILLION)             205

TABLE 181            ROW: ALGAE PRODUCTS MARKET, BY MACROALGAE, 2025–2030 (USD MILLION)             205

TABLE 182            ROW: ALGAE PRODUCTS MARKET, BY FORM, 2021–2024 (USD MILLION)            205

TABLE 183            ROW: ALGAE PRODUCTS MARKET, BY FORM, 2025–2030 (USD MILLION)            206

TABLE 184            ROW: ALGAE PRODUCTS MARKET, BY APPLICATION, 2021–2024 (USD MILLION)              206

TABLE 185            ROW: ALGAE PRODUCTS MARKET, BY APPLICATION, 2025–2030 (USD MILLION)              206

TABLE 186            AFRICA: ALGAE PRODUCTS MARKET, BY TYPE, 2021–2024 (USD MILLION)            207

TABLE 187            AFRICA: ALGAE PRODUCTS MARKET, BY TYPE, 2025–2030 (USD MILLION)            208

TABLE 188            MIDDLE EAST: ALGAE PRODUCTS MARKET, BY TYPE, 2021–2024 (USD MILLION)                209

TABLE 189            MIDDLE EAST: ALGAE PRODUCTS MARKET, BY TYPE, 2025–2030 (USD MILLION)                209

TABLE 190            ALGAE PRODUCTS MARKET: OVERVIEW OF STRATEGIES ADOPTED

BY KEY PLAYERS, 2021–2024          210

TABLE 191            ALGAE PRODUCTS MARKET: DEGREE OF COMPETITION 213

TABLE 192            COMPANY FOOTPRINT, BY TYPE              219

TABLE 193            COMPANY FOOTPRINT, BY APPLICATION                 220

TABLE 194            ALGAE PRODUCTS MARKET: TYPE FOOTPRINT                 221

TABLE 195            ALGAE PRODUCTS MARKET: KEY STARTUPS/SMES              224

TABLE 196            ALGAE PRODUCTS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES          225

TABLE 197            ALGAE PRODUCTS MARKET: PRODUCT LAUNCHES, 2018–2025    226

TABLE 198            ALGAE PRODUCTS MARKET: DEALS, 2018–2025                 227

TABLE 199            ALGAE PRODUCTS MARKET: EXPANSIONS, 2018–2025              230

TABLE 200            ALGAE PRODUCTS MARKET: OTHER DEVELOPMENTS, 2018–2025         230

TABLE 201            CYANOTECH CORPORATION: COMPANY OVERVIEW          231

TABLE 202            CYANOTECH CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    233

TABLE 203            CYANOTECH CORPORATION: PRODUCT LAUNCHES          234

TABLE 204            CYANOTECH CORPORATION: OTHER DEVELOPMENTS              234

TABLE 205            CARGILL, INCORPORATED: COMPANY OVERVIEW          236

TABLE 206            CARGILL, INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED    237

TABLE 207            CARGILL, INCORPORATED: PRODUCT LAUNCHES          238

TABLE 208            DSM: COMPANY OVERVIEW        239

TABLE 209            DSM: PRODUCTS/SOLUTIONS/SERVICES OFFERED             240

TABLE 210            BASF SE: COMPANY OVERVIEW 242

TABLE 211            BASF SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED             243

TABLE 212            TATE & LYLE: COMPANY OVERVIEW      245

TABLE 213            TATE & LYLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED    246

TABLE 214            TATE & LYLE: DEALS      247

TABLE 215            INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY OVERVIEW        249

TABLE 216            INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED         250

TABLE 217            INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCT LAUNCHES         251

TABLE 218            INTERNATIONAL FLAVORS & FRAGRANCES INC.: DEALS        252

TABLE 219            CORBION: COMPANY OVERVIEW             253

TABLE 220            CORBION: PRODUCTS/SOLUTIONS/SERVICES OFFERED             254

TABLE 221            CORBION: DEALS             255

TABLE 222            EARTHRISE NUTRITIONALS, LLC: COMPANY OVERVIEW          256

TABLE 223            EARTHRISE NUTRITIONALS LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    256

TABLE 224            E.I.D. – PARRY: COMPANY OVERVIEW     257

TABLE 225            E.I.D. – PARRY: PRODUCTS/SOLUTIONS/SERVICES OFFERED    258

TABLE 226            ALGEA: COMPANY OVERVIEW   259

TABLE 227            ALGEA: PRODUCTS/SOLUTIONS/SERVICES OFFERED             259

TABLE 228            SPIRA INC.: COMPANY OVERVIEW            260

TABLE 229            SPIRA INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED             260

TABLE 230            ALGENOL: COMPANY OVERVIEW             261

TABLE 231            ALGENOL: PRODUCTS/SOLUTIONS/SERVICES OFFERED             261

TABLE 232            GLAUKOS ALGAE TECHNOLOGIES PVT. LTD.: COMPANY OVERVIEW   262

TABLE 233            GLAUKOS ALGAE TECHNOLOGIES PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    262

TABLE 234            NUTRIALGO PRIVATE LIMITED: COMPANY OVERVIEW          264

TABLE 235            NUTRIALGO PRIVATE LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED    264

TABLE 236            ALGALR: COMPANY OVERVIEW 266

TABLE 237            ALGALR: PRODUCTS/SOLUTIONS/SERVICES OFFERED             266

TABLE 238            EVONIK INDUSTRIES AG: COMPANY OVERVIEW                 268

TABLE 239            EVONIK INDUSTRIES AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED    269

TABLE 240            EVONIK INDUSTRIES AG: PRODUCT LAUNCHES                 270

TABLE 241            EVONIK INDUSTRIES AG: DEALS               270

TABLE 242            SOLABIA NUTRITION: COMPANY OVERVIEW                 272

TABLE 243            SOLABIA NUTRITION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    273

TABLE 244            SOLABIA NUTRITION: DEALS     274

TABLE 245            SOLABIA NUTRITION: EXPANSIONS        274

TABLE 246            ALGENOL: COMPANY OVERVIEW             276

TABLE 247            ALGENOL: PRODUCTS/SOLUTIONS/SERVICES OFFERED             276

TABLE 248            CELLANA INC.: COMPANY OVERVIEW    277

TABLE 249            CELLANA INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    277

TABLE 250            FENCHEM: COMPANY OVERVIEW            278

TABLE 251            FENCHEM: PRODUCTS/SOLUTIONS/SERVICES OFFERED             278

TABLE 252            LIMITATIONS AND ASSOCIATED RISKS 296

TABLE 253            ADJACENT & RELATED MARKETS             297

TABLE 254            SEAWEED PROTEINS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)              299

TABLE 255            SEAWEED PROTEINS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)              299

TABLE 256            SEAWEED PROTEINS MARKET, BY APPLICATION, 2018–2021 (KT)    300

TABLE 257            SEAWEED PROTEINS MARKET, BY APPLICATION, 2022–2027 (KT)    300

TABLE 258            SEAWEED PROTEINS MARKET, BY REGION, 2018–2021 (KT)   300

TABLE 259            SEAWEED PROTEINS MARKET, BY REGION, 2022–2027 (KT)   301

TABLE 260            CAROTENOIDS MARKET, BY TYPE, 2017–2026 (USD MILLION) 302

TABLE 261            CAROTENOIDS MARKET, BY TYPE, 2017–2026 (TON)   302

LIST OF FIGURES

FIGURE 1              MARKET SEGMENTATION           28

FIGURE 2              STUDY YEARS CONSIDERED       30

FIGURE 3              KEY SCENARIO 34

FIGURE 4              GLOBAL ALGAE PRODUCTS MARKET, 2021–2030 (USD MILLION) 35

FIGURE 5              MAJOR STRATEGIES ADOPTED BY KEY PLAYERS IN ALGAE PRODUCTS MARKET, 2020–2025             35

FIGURE 6              DISRUPTIVE TRENDS IMPACTING GROWTH OF ALGAE PRODUCTS MARKET DURING FORECAST PERIOD                 36

FIGURE 7              HIGH-GROWTH SEGMENTS FRONTIERS IN ALGAE PRODUCTS MARKET,

2025–2030              37

FIGURE 8              ASIA PACIFIC TO REGISTER HIGHEST GROWTH RATE DURING FORECAST PERIOD           38

FIGURE 9              SUSTAINABILITY AND HEALTH CONSCIOUSNESS TO DRIVE MARKET GROWTH 40

FIGURE 10            MACROALGAE AND US ACCOUNTED FOR LARGEST RESPECTIVE SEGMENTAL SHARE IN 2025          41

FIGURE 11            US HELD LARGEST SHARE IN ALGAE PRODUCTS MARKET, 2025    41

FIGURE 12            NORTH AMERICA TO DOMINATE ALGAE PRODUCTS MARKET ACROSS ALL TYPES, 2025 VS. 2030  42

FIGURE 13            ONLINE RETAIL STORES TO DOMINATE ALGAE PRODUCTS MARKET ACROSS ALL DISTRIBUTION CHANNELS, 2025 VS. 2030       43

FIGURE 14            ADULTS SEGMENT TO ACCOUNT FOR LARGEST SHARE BY 2030   44

FIGURE 15            ALGAE PRODUCTS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES         46

FIGURE 16            OPERATING COST ALLOCATION FOR PHOTOBIOREACTORS (PBR)      57

FIGURE 17            ALGAE PRODUCTS MARKET: PORTER’S FIVE FORCES ANALYSIS           62

FIGURE 18            WORLD POPULATION, BY ECONOMY    65

FIGURE 19            POPULATION GROWTH TREND, 1950–2050                 65

FIGURE 20            ALGAE PRODUCTS MARKET: SUPPLY CHAIN ANALYSIS            67

FIGURE 21            ALGAE PRODUCTS MARKET: VALUE CHAIN                 70

FIGURE 22            ALGAE PRODUCTS MARKET: ECOSYSTEM ANALYSIS            70

FIGURE 23            AVERAGE SELLING PRICE OF ALGAE PRODUCTS OFFERED BY KEY PLAYERS,

BY TYPE, 2025 (USD/TON)            72

FIGURE 24            AVERAGE SELLING PRICE TREND OF ALGAE PRODUCTS, BY REGION,

2021-2025 (USD/TON)    72

FIGURE 25            IMPORT DATA RELATED TO HS CODE 121220-COMPLIANT PRODUCTS,

BY KEY COUNTRY, 2021–2024 (KG)            73

FIGURE 26            EXPORT DATA RELATED TO HS CODE 121220-COMPLIANT PRODUCTS,

BY KEY COUNTRY, 2021–2024 (KG)            74

FIGURE 27            TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS   76

FIGURE 28            INVESTMENT AND FUNDING SCENARIO                 76

FIGURE 29            PATENTS APPLIED AND GRANTED (JANUARY 2015-NOVEMBER 2025)   85

FIGURE 30            FUTURE APPLICATIONS               87

FIGURE 31            ALGAE PRODUCTS MARKET: DECISION-MAKING FACTORS           103

FIGURE 32            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY TYPE          104

FIGURE 33            KEY BUYING CRITERIA, BY TYPE               105

FIGURE 34            ADOPTION BARRIERS AND INTERNAL CHALLENGES    106

FIGURE 35            ALGAE PRODUCTS MARKET, BY TYPE, 2025 VS. 2030 (USD MILLION)       111

FIGURE 36            ALGAE PRODUCTS MARKET, BY SOURCE, 2025 VS. 2030 (USD MILLION)                123

FIGURE 37            ALGAE PRODUCTS MARKET, BY APPLICATION, 2025 VS. 2030 (USD MILLION)      134

FIGURE 38            ALGAE PRODUCTS MARKET, BY FORM, 2025 VS. 2030 (USD MILLION)       149

FIGURE 39            INDIA TO RECORD SIGNIFICANT GROWTH DURING FORECAST PERIOD       159

FIGURE 40            NORTH AMERICA: ALGAE PRODUCTS MARKET SNAPSHOT          161

FIGURE 41            ASIA PACIFIC: ALGAE PRODUCTS MARKET SNAPSHOT          183

FIGURE 42            ALGAE PRODUCTS MARKET: SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2020–2024 (USD BILLION)                 212

FIGURE 43            COMPANY VALUATION FOR MAJOR PLAYERS IN PET BIOTICS MARKET   214

FIGURE 44            EV/EBITDA OF MAJOR PLAYERS                214

FIGURE 45            ALGAE PRODUCTS MARKET: BRAND/PRODUCT COMPARISON   215

FIGURE 46            ALGAE PRODUCTS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024         217

FIGURE 47            ALGAE PRODUCTS MARKET: COMPANY FOOTPRINT       218

FIGURE 48            ALGAE PRODUCTS MARKET:

COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024                 223

FIGURE 49            CYANOTECH CORPORATION: COMPANY SNAPSHOT          232

FIGURE 50            CARGILL, INCORPORATED: COMPANY SNAPSHOT          236

FIGURE 51            DSM: COMPANY SNAPSHOT       239

FIGURE 52            BASF SE: COMPANY SNAPSHOT 243

FIGURE 53            TATE & LYLE: COMPANY SNAPSHOT      246

FIGURE 54            INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT        250

FIGURE 55            CORBION: COMPANY SNAPSHOT             254

FIGURE 56            E.I.D. – PARRY: COMPANY SNAPSHOT     257

FIGURE 57            EVONIK INDUSTRIES AG: COMPANY SNAPSHOT                 269

FIGURE 58            ALGAE PRODUCTS MARKET: RESEARCH DESIGN                286

FIGURE 59            BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE,

DESIGNATION, AND REGION     289

FIGURE 60            ALGAE PRODUCTS MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH              291

FIGURE 61            ALGAE PRODUCTS MARKET SIZE ESTIMATION: TOP-DOWN APPROACH                292

FIGURE 62            ALGAE PRODUCTS MARKET SIZE ESTIMATION (DEMAND SIDE)               293

FIGURE 63            ALGAE PRODUCTS MARKET SIZE ESTIMATION, BY TYPE (SUPPLY SIDE)                293

FIGURE 64            DATA TRIANGULATION METHODOLOGY                 294

FIGURE 65            RESEARCH ASSUMPTIONS           295