出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年6月
藻類製品市場 : 種類 (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)、形態 (液体、固体)、供給源 (褐藻、緑藻、紅藻、藍藻)、最終用途と地域別 – 2028年までの世界予測
Algae Products Market by Type (Lipids, Carotenoids, Carrageenan, Alginate, Algal Protein), Form (Liquid, Solid), Source (Brown Algae, Green Algae, Red Algae, Blue-green Algae), End Application and Region – Global Forecast to 2028
| ページ数 | 252 |
| 図表数 | 269 |
| 種別 | 英文調査報告書 |
| 価格 |
藻類製品市場は2023年中に53億ドル、2028年までに73億ドルに達し、予測期間に年平均成長率（CAGR）6.4%で成長すると予測されています。
当レポートでは世界の藻類製品市場における主要セグメント毎の調査・分析結果を提供します。
Report Overview
The algae products market is projected to grow from USD 5.3 Billion in 2023 to USD 7.3 Billion by 2028, at a CAGR of 6.4% during the forecast period.
Innovations in algae cultivation techniques, such as photobioreactors, closed-loop systems, and genetic engineering, have significantly improved the scalability, productivity, and efficiency of algae production. These advancements have made it easier to cultivate and harvest algae on a commercial scale, reducing production costs and making algae products more economically viable.
The Lipids segment is projected to account for the highest CAGR during the forecast period.
Based on type, the algal protein segment is projected to lead the algae products market during the forecast period. Lipids derived from algae have gained attention as a potential feedstock for biofuel production. Algae can produce high amounts of lipids, particularly triglycerides, which can be converted into biofuels like biodiesel. The renewable and sustainable nature of algae-based lipids makes them an attractive option for the production of alternative and environmentally friendly fuels.
The Nutraceutical and dietary supplements Segment is expected to account for the Second largest market share in 2023
Based on the End application segment, the Nutraceutical and dietary supplements segment is expected to account for the Second largest market share in 2023. Consumers are becoming more conscious of their health and are actively seeking natural and sustainable solutions to enhance their well-being. Algae-based supplements align with these health and wellness trends due to their nutrient-rich composition and potential health benefits. They are perceived as natural and plant-based alternatives to synthetic supplements, attracting health-conscious consumers.
Asia Pacific is projected to account for the highest CAGR during the forecast period.
The Algae products market industry has been studied in North America, Europe, Asia Pacific, South America and Rest of the World. Asia Pacific is projected to account for the highest CAGR during the forecast period. The Asia Pacific region is home to diverse marine and freshwater ecosystems, which provide favorable conditions for the growth and cultivation of various types of algae. The region has abundant coastal areas, rivers, lakes, and ponds that support the natural growth of algae. This biodiversity serves as a valuable resource for the production of algae-based products.
The break-up of the profile of primary participants in the algae products market:
• By Company Type: Tier 1 – 60%, Tier 2 – 25%, and Tier 3 – 15%
• By Designation: C Level Executives – 35%, Directors– 45%, Others-20%
• By Region: Asia Pacific – 45%, Europe – 25%, North America – 10%, South America – 5% & RoW– 15%
Prominent companies include DSM (Netherlands), BASF SE (Germany), Corbion (Netherlands), E.I.D Parry (India), International Flavors & Fragrances Inc (US), Cynotech Corporation (US), Earthrise Nutritionals LLC (US), CP Kelco U.S., Inc (US), Cargill, Incorporated (US), and Algea (Norway) among others.
Research Coverage:
This research report categorizes the Algae Products Market by Type (Lipids, Carotenoids, Carrageenan, Alginate, Algal Protein), Form (Liquid, Solid), Source (Brown Algae, Green Algae, Red Algae, Blue-green Algae), and Region (North America, Europe, Asia Pacific, South America and Rest of the World). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the algae productsmarket. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product & service launches, mergers and acquisitions, and recent developments associated with the algae products market. Competitive analysis of upcoming startups in the algae products market ecosystem is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall algae productsmarket and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (Consumer awareness regarding the health benefits of Omega-3, Growth in consumer awareness regarding the health benefits of algae-based products), restraints (Lack of R&D activities in under-developed countries, Impact of climatic conditions on algae production), opportunities (Growing demand in the pharmaceutical industry, Government and private initiatives supporting research & development in algaculture, Growth in demand for natural ingredients by consumers), challenges (High production costs restricting the entry of smaller players, Difficulty in meeting the requisite quality standards) influencing the growth of the algae products market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the algae products market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the algae products market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the algae products market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like DSM (Netherlands), BASF SE (Germany), Corbion (Netherlands), E.I.D Parry (India), International Flavors & Fragrances Inc (US), Cynotech Corporation (US), Earthrise Nutritionals LLC (US), CP Kelco U.S., Inc (US), Cargill, Incorporated (US), and Algea (Norway). among others in the algae productsmarket strategies. The report also helps stakeholders understand the algae products market and provides them information on key market drivers, restraints, challenges, and opportunities.
目次
1 INTRODUCTION 30
1.1 STUDY OBJECTIVES 30
1.2 MARKET DEFINITION 31
1.3 STUDY SCOPE 31
1.3.1 MARKETS COVERED 31
FIGURE 1 MARKET SEGMENTATION 31
1.3.2 REGIONS COVERED 32
FIGURE 2 ALGAE PRODUCTS MARKET, BY REGION 32
1.4 INCLUSIONS & EXCLUSIONS 32
1.5 YEARS CONSIDERED 33
1.6 CURRENCY CONSIDERED 33
TABLE 1 USD EXCHANGE RATES CONSIDERED, 2019–2022 34
1.7 STAKEHOLDERS 34
1.8 SUMMARY OF CHANGES 34
1.8.1 RECESSION IMPACT ANALYSIS 35
2 RESEARCH METHODOLOGY 36
2.1 RESEARCH DATA 36
FIGURE 3 ALGAE PRODUCTS MARKET: RESEARCH DESIGN 36
2.1.1 SECONDARY DATA 37
2.1.1.1 Key data from secondary sources 37
2.1.2 PRIMARY DATA 37
2.1.2.1 Key data from primary sources 38
2.1.2.2 Key insights from industry experts 38
2.1.2.3 Breakdown of primary interviews 39
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 39
2.2 MARKET SIZE ESTIMATION 40
2.2.1 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 40
FIGURE 5 ALGAE PRODUCTS MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 41
2.2.2 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 42
FIGURE 6 ALGAE PRODUCTS MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 42
FIGURE 7 ALGAE PRODUCTS MARKET SIZE ESTIMATION (DEMAND SIDE) 43
FIGURE 8 ALGAE PRODUCTS MARKET SIZE ESTIMATION, BY TYPE (SUPPLY SIDE) 43
2.3 DATA TRIANGULATION 44
FIGURE 9 DATA TRIANGULATION METHODOLOGY 44
2.4 GROWTH RATE FORECAST 44
2.5 RESEARCH ASSUMPTIONS 45
FIGURE 10 RESEARCH ASSUMPTIONS 45
2.6 LIMITATIONS AND ASSOCIATED RISKS 46
TABLE 2 LIMITATIONS AND ASSOCIATED RISKS 46
2.7 RECESSION IMPACT ANALYSIS 46
2.7.1 RECESSION IMPACT ON ALGAE PRODUCTS MARKET 47
2.7.1.1 Macroindicators of recession 47
FIGURE 11 RECESSION INDICATORS AND THEIR IMPACT ON ALGAE PRODUCTS MARKET 47
FIGURE 12 GLOBAL ALGAE PRODUCTS MARKET: EARLIER FORECAST VS. RECESSION FORECAST 48
3 EXECUTIVE SUMMARY 49
TABLE 3 ALGAE PRODUCTS MARKET SNAPSHOT, 2023 VS. 2028 50
FIGURE 13 ALGAE PRODUCTS MARKET, BY TYPE, 2023 VS. 2028 (USD MILLION) 51
FIGURE 14 ALGAE PRODUCTS MARKET, BY FORM, 2023 VS. 2028 (USD MILLION) 51
FIGURE 15 ALGAE PRODUCTS MARKET, BY SOURCE, 2023 VS. 2028 (USD MILLION) 52
FIGURE 16 ALGAE PRODUCTS MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION) 52
FIGURE 17 ALGAE PRODUCTS MARKET SHARE, BY REGION, 2022 53
4 PREMIUM INSIGHTS 55
4.1 ATTRACTIVE OPPORTUNITIES FOR COMPANIES IN ALGAE PRODUCTS MARKET 55
FIGURE 18 INCREASING AWARENESS OF HEALTH AND WELLNESS TO DRIVE MARKET GROWTH 55
4.2 NORTH AMERICA: ALGAE PRODUCTS MARKET, BY TYPE AND COUNTRY 56
FIGURE 19 US ACCOUNTED FOR LARGEST SHARE, BY COUNTRY; LIPIDS DOMINATED, BY TYPE, IN 2022 56
4.3 ALGAE PRODUCTS MARKET: REGIONAL SUBMARKETS 57
FIGURE 20 US ACCOUNTED FOR LARGEST MARKET SHARE, BY COUNTRY 57
4.4 ALGAE PRODUCTS MARKET, BY SOURCE AND REGION 58
FIGURE 21 NORTH AMERICA TO DOMINATE ALGAE PRODUCTS MARKET, BY SOURCE, 2023 VS. 2028 58
4.5 ALGAE PRODUCTS MARKET, BY FORM, 2023 VS. 2028 59
FIGURE 22 SOLID SEGMENT TO ACCOUNT FOR LARGER SHARE BY 2028 59
5 MARKET OVERVIEW 60
5.1 INTRODUCTION 60
5.2 MACROECONOMIC INDICATORS 61
5.2.1 INCREASING GLOBAL POPULATION 61
FIGURE 23 WORLD POPULATION, BY ECONOMY 61
FIGURE 24 WORLD POPULATION, 1950–2021 62
FIGURE 25 POPULATION GROWTH TREND, 1950–2050 62
5.2.2 INNOVATIVE TECHNOLOGIES FOR EXTRACTION OF ALGAE 62
5.3 MARKET DYNAMICS 63
FIGURE 26 MARKET DYNAMICS: ALGAE PRODUCTS MARKET 63
5.3.1 DRIVERS 63
5.3.1.1 Growing consumer awareness regarding health benefits of Omega-3 63
TABLE 4 HEALTH BENEFITS ASSOCIATED WITH OMEGA-3 CONSUMPTION 64
5.3.1.2 Growing applications of algae products 65
5.3.1.3 Growing consumer awareness regarding health benefits of algae-based products 66
5.3.2 RESTRAINTS 67
5.3.2.1 Lack of R&D activities in developing economies 67
5.3.2.2 Impact of climatic conditions on algae production 68
5.3.3 OPPORTUNITIES 68
5.3.3.1 Growing demand in pharmaceutical industry 68
5.3.3.2 Government and private initiatives supporting research & development in algaculture 69
5.3.3.3 Growth in demand for natural ingredients by consumers 70
5.3.4 CHALLENGES 71
5.3.4.1 High production costs restricting entry of smaller players 71
FIGURE 27 OPERATING COST ALLOCATION FOR PHOTOBIOREACTORS (PBR) 72
5.3.4.2 Difficulties in meeting requisite quality standards 73
6 INDUSTRY TRENDS 74
6.1 INTRODUCTION 74
6.2 VALUE CHAIN ANALYSIS 74
6.2.1 RESEARCH & PRODUCT DEVELOPMENT AND REGISTRATION 74
6.2.2 PROCESSING 74
6.2.3 PACKAGING 75
6.2.4 DISTRIBUTION AND MARKETING & SALES 75
FIGURE 28 ALGAE PRODUCTS MARKET: VALUE CHAIN 75
6.3 TECHNOLOGY ANALYSIS 75
6.3.1 SEAWEED CAVITATION 75
6.3.2 ADVANCED CENTRIFUGE TECHNOLOGY 76
6.3.3 BOOM ALGAE FOR BREWING 76
6.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 76
FIGURE 29 ALGAE PRODUCTS MARKET: TRENDS IMPACTING BUYERS 77
6.5 PATENT ANALYSIS 77
FIGURE 30 PATENTS GRANTED FOR ALGAE PRODUCTS, 2012–2022 78
FIGURE 31 REGIONAL ANALYSIS OF PATENTS GRANTED FOR ALGAE PRODUCTS, 2012–2022 78
TABLE 5 KEY PATENTS PERTAINING TO ALGAE PRODUCTS, 2023 79
6.6 MARKET MAP 79
6.6.1 RAW MATERIAL SUPPLIERS 79
6.6.2 MANUFACTURERS 80
6.6.3 REGULATORY BODIES 80
6.6.4 END-USER COMPANIES 80
6.6.5 STARTUPS/EMERGING COMPANIES 80
FIGURE 32 ALGAE PRODUCTS MARKET MAP 81
TABLE 6 ALGAE PRODUCTS MARKET: ECOSYSTEM 81
6.7 TRADE SCENARIO 82
FIGURE 33 SEAWEED AND OTHER ALGAE PRODUCTS FIT FOR HUMAN CONSUMPTION: IMPORT VALUE, BY KEY COUNTRY, 2018–2022 (USD THOUSAND) 82
TABLE 7 IMPORT DATA OF SEAWEED AND OTHER ALGAE PRODUCTS FIT FOR HUMAN CONSUMPTION, BY KEY COUNTRY, 2022 (VALUE) 82
FIGURE 34 SEAWEED AND OTHER ALGAE PRODUCTS FIT FOR HUMAN CONSUMPTION: EXPORT VALUE, BY KEY COUNTRY, 2018–2022 (USD THOUSAND) 83
TABLE 8 EXPORT DATA OF SEAWEED AND OTHER ALGAE PRODUCTS FIT FOR HUMAN CONSUMPTION, BY KEY COUNTRY, 2022 (VALUE) 83
6.8 TARIFF AND REGULATORY LANDSCAPE 84
6.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 84
TABLE 9 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 84
TABLE 10 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 85
TABLE 11 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 85
TABLE 12 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 86
6.8.2 REGULATORY FRAMEWORK 86
6.8.2.1 North America 86
6.8.2.1.1 US 86
6.8.2.2 Europe 86
6.8.2.2.1 France 86
6.8.2.3 Asia Pacific 87
6.8.2.3.1 China 87
6.8.2.3.2 India 87
6.8.2.4 South America 87
6.8.2.4.1 Brazil 87
6.9 PORTER’S FIVE FORCES ANALYSIS 88
TABLE 13 ALGAE PRODUCTS MARKET: PORTER’S FIVE FORCES ANALYSIS 88
6.9.1 DEGREE OF COMPETITION 88
6.9.2 BARGAINING POWER OF SUPPLIERS 88
6.9.3 BARGAINING POWER OF BUYERS 88
6.9.4 THREAT OF SUBSTITUTES 89
6.9.5 THREAT OF NEW ENTRANTS 89
6.10 KEY STAKEHOLDERS & BUYING CRITERIA 89
6.10.1 KEY STAKEHOLDERS IN BUYING PROCESS 89
FIGURE 35 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 90
TABLE 14 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 90
6.10.2 BUYING CRITERIA 90
TABLE 15 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 91
FIGURE 36 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 91
6.11 CASE STUDY ANALYSIS 91
6.11.1 MIALGAE: DEVELOPMENT OF NOVEL ALGAE PRODUCTION SYSTEM 91
6.11.2 ALGAECYTES: ADOPTION OF PROPRIETARY ALGAE STRAINS FOR OMEGA-3 EXTRACTION 92
6.12 KEY CONFERENCES & EVENTS IN 2023 92
TABLE 16 ALGAE PRODUCTS MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2023 92
7 ALGAE PRODUCTS MARKET, BY SOURCE 93
7.1 INTRODUCTION 94
TABLE 17 CHARACTERISTICS OF DIFFERENT ALGAE, BY PHYLUM/CLASS 94
FIGURE 37 ALGAE PRODUCTS MARKET, BY SOURCE, 2023 VS. 2028 (USD MILLION) 95
TABLE 18 ALGAE PRODUCTS MARKET, BY SOURCE, 2018–2022 (USD MILLION) 95
TABLE 19 ALGAE PRODUCTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 95
7.2 BROWN ALGAE 96
7.2.1 GROWING USE OF BROWN ALGAE IN MANUFACTURING BIOPLASTICS TO DRIVE MARKET 96
7.2.2 CAROTENOIDS: FUCOXANTHIN 96
7.2.3 PHLOROTANNINS 97
TABLE 20 BROWN ALGAE: ALGAE PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION) 97
TABLE 21 BROWN ALGAE: ALGAE PRODUCTS MARKET, BY REGION, 2023–2028 (USD MILLION) 97
7.3 BLUE-GREEN ALGAE 98
7.3.1 FUNCTIONAL PROPERTIES OF BLUE-GREEN ALGAE TO SUPPORT GROWTH 98
TABLE 22 BLUE-GREEN ALGAE: ALGAE PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION) 98
TABLE 23 BLUE-GREEN ALGAE: ALGAE PRODUCTS MARKET, BY REGION, 2023–2028 (USD MILLION) 99
7.4 RED ALGAE 99
7.4.1 GROWING INDUSTRIAL APPLICATIONS OF CARRAGEENAN TO BOOST ADOPTION 99
7.4.2 PORPHYRA SPP. 100
7.4.3 PALMARIA PALMATA 100
TABLE 24 RED ALGAE: ALGAE PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION) 101
TABLE 25 RED ALGAE: ALGAE PRODUCTS MARKET, BY REGION, 2023–2028 (USD MILLION) 101
7.5 GREEN ALGAE 102
7.5.1 GROWING CONSUMPTION OF OMEGA-3 TO BOOST MARKET FOR GREEN ALGAE 102
TABLE 26 GREEN ALGAE: ALGAE PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION) 102
TABLE 27 GREEN ALGAE: ALGAE PRODUCTS MARKET, BY REGION, 2023–2028 (USD MILLION) 102
7.6 OTHER SOURCES 103
TABLE 28 OTHER SOURCES: ALGAE PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION) 103
TABLE 29 OTHER SOURCES: ALGAE PRODUCTS MARKET, BY REGION, 2023–2028 (USD MILLION) 103
8 ALGAE PRODUCTS MARKET, BY FORM 104
8.1 INTRODUCTION 105
TABLE 30 ALGAE PRODUCTS MARKET, BY FORM, 2018–2022 (USD MILLION) 105
TABLE 31 ALGAE PRODUCTS MARKET, BY FORM, 2023–2028 (USD MILLION) 105
FIGURE 38 ALGAE PRODUCTS MARKET, BY FORM, 2023 VS. 2028 (USD MILLION) 106
8.2 SOLID 106
8.2.1 VERSATILITY OF SOLID ALGAE PRODUCTS TO DRIVE MARKET GROWTH 106
TABLE 32 SOLID: ALGAE PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION) 107
TABLE 33 SOLID: ALGAE PRODUCTS MARKET, BY REGION, 2023–2028 (USD MILLION) 107
8.3 LIQUID 108
8.3.1 GROWING APPLICATIONS IN PHARMACEUTICALS TO BOOST DEMAND FOR LIQUID ALGAE PRODUCTS 108
TABLE 34 LIQUID: ALGAE PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION) 109
TABLE 35 LIQUID: ALGAE PRODUCTS MARKET, BY REGION, 2023–2028 (USD MILLION) 109
9 ALGAE PRODUCTS MARKET, BY TYPE 110
9.1 INTRODUCTION 111
FIGURE 39 ALGAE PRODUCTS MARKET, BY TYPE, 2023 VS. 2028 (USD MILLION) 111
TABLE 36 ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 111
TABLE 37 ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 112
9.2 LIPIDS 112
9.2.1 GROWING USE OF LIPIDS SOURCED FROM ALGAE AS ALTERNATIVES TO FISH OIL TO BOOST MARKET 112
TABLE 38 LIPIDS: ALGAE PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION) 113
TABLE 39 LIPIDS: ALGAE PRODUCTS MARKET, BY REGION, 2023–2028 (USD MILLION) 113
9.3 CARRAGEENANS 114
9.3.1 EXTENSIVE APPLICATIONS OF CARRAGEENANS IN PHARMACEUTICAL AND FOOD & BEVERAGE SECTORS TO FUEL ADOPTION 114
TABLE 40 CARRAGEENANS: ALGAE PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION) 114
TABLE 41 CARRAGEENANS: ALGAE PRODUCTS MARKET, BY REGION, 2023–2028 (USD MILLION) 115
9.4 CAROTENOIDS 115
9.4.1 GROWING DEMAND FOR NATURAL CAROTENOIDS TO SUPPORT GROWTH 115
TABLE 42 CAROTENOIDS: ALGAE PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION) 116
TABLE 43 CAROTENOIDS: ALGAE PRODUCTS MARKET, BY REGION, 2023–2028 (USD MILLION) 116
9.5 ALGAL PROTEINS 117
9.5.1 GROWING DEMAND FOR ALGAL PROTEINS IN NUTRACEUTICAL INDUSTRY TO FAVOR MARKET GROWTH 117
TABLE 44 ALGAL PROTEINS: ALGAE PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION) 118
TABLE 45 ALGAL PROTEINS: ALGAE PRODUCTS MARKET, BY REGION, 2023–2028 (USD MILLION) 118
9.6 ALGINATES 118
9.6.1 GROWING USE OF ALGINATES AS BLENDING AGENTS IN FOOD & BEVERAGE PRODUCTS TO BOOST MARKET 118
TABLE 46 ALGINATES: ALGAE PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION) 119
TABLE 47 ALGINATES: ALGAE PRODUCTS MARKET, BY REGION, 2023–2028 (USD MILLION) 119
9.7 OTHER ALGAE PRODUCTS 120
TABLE 48 OTHER ALGAE PRODUCTS: ALGAE PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION) 120
TABLE 49 OTHER ALGAE PRODUCTS: ALGAE PRODUCTS MARKET, BY REGION, 2023–2028 (USD MILLION) 120
10 ALGAE PRODUCTS MARKET, BY APPLICATION 121
10.1 INTRODUCTION 122
FIGURE 40 ALGAE PRODUCTS MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION) 122
TABLE 50 ALGAE PRODUCTS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 123
TABLE 51 ALGAE PRODUCTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 123
10.2 FOOD & BEVERAGES 124
10.2.1 GROWING DEMAND FOR ALTERNATE PLANT PROTEIN SOURCES TO BOOST DEMAND FOR ALGAE PRODUCTS 124
TABLE 52 FOOD & BEVERAGES: ALGAE PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION) 125
TABLE 53 FOOD & BEVERAGES: ALGAE PRODUCTS MARKET, BY REGION, 2023–2028 (USD MILLION) 125
10.3 NUTRACEUTICALS & DIETARY SUPPLEMENTS 125
10.3.1 GROWING POPULARITY OF ALGAE-BASED OMEGA-3 SUPPLEMENTS TO CONTRIBUTE TO GROWTH 125
TABLE 54 NUTRACEUTICALS & DIETARY SUPPLEMENTS: ALGAE PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION) 126
TABLE 55 NUTRACEUTICALS & DIETARY SUPPLEMENTS: ALGAE PRODUCTS MARKET, BY REGION, 2023–2028 (USD MILLION) 127
10.4 ANIMAL FEED 127
10.4.1 ABILITY OF ALGAE-BASED ANIMAL FEED TO DELIVER ESSENTIAL MINERALS AND BOOST IMMUNITY TO SUPPORT GROWTH 127
TABLE 56 ANIMAL FEED: ALGAE PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION) 128
TABLE 57 ANIMAL FEED: ALGAE PRODUCTS MARKET, BY REGION, 2023–2028 (USD MILLION) 128
10.5 PERSONAL CARE PRODUCTS 129
10.5.1 ANTI-INFLAMMATORY PROPERTIES OF ALGAE TO DRIVE GROWTH IN MARKET SEGMENT 129
TABLE 58 PERSONAL CARE PRODUCTS: ALGAE PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION) 130
TABLE 59 PERSONAL CARE PRODUCTS: ALGAE PRODUCTS MARKET, BY REGION, 2023–2028 (USD MILLION) 130
10.6 PHARMACEUTICALS 131
10.6.1 ANTIBIOTIC PROPERTIES OF ALGAE PRODUCTS TO FUEL DEMAND 131
TABLE 60 PHARMACEUTICALS: ALGAE PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION) 131
TABLE 61 PHARMACEUTICALS: ALGAE PRODUCTS MARKET, BY REGION, 2023–2028 (USD MILLION) 132
10.7 OTHER APPLICATIONS 132
TABLE 62 OTHER APPLICATIONS: ALGAE PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION) 132
TABLE 63 OTHER APPLICATIONS: ALGAE PRODUCTS MARKET, BY REGION, 2023–2028 (USD MILLION) 133
11 ALGAE PRODUCTS MARKET, BY REGION 134
11.1 INTRODUCTION 135
FIGURE 41 INDIA TO RECORD SIGNIFICANT GROWTH DURING FORECAST PERIOD 136
TABLE 64 ALGAE PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION) 136
TABLE 65 ALGAE PRODUCTS MARKET, BY REGION, 2023–2028 (USD MILLION) 137
11.2 NORTH AMERICA 137
11.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS 137
FIGURE 42 NORTH AMERICAN ALGAE PRODUCTS MARKET: RECESSION IMPACT ANALYSIS 138
FIGURE 43 NORTH AMERICA: ALGAE PRODUCTS MARKET SNAPSHOT 138
TABLE 66 NORTH AMERICA: ALGAE PRODUCTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 139
TABLE 67 NORTH AMERICA: ALGAE PRODUCTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 139
TABLE 68 NORTH AMERICA: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 139
TABLE 69 NORTH AMERICA: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 140
TABLE 70 NORTH AMERICA: ALGAE PRODUCTS MARKET, BY SOURCE, 2018–2022 (USD MILLION) 140
TABLE 71 NORTH AMERICA: ALGAE PRODUCTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 140
TABLE 72 NORTH AMERICA: ALGAE PRODUCTS MARKET, BY FORM, 2018–2022 (USD MILLION) 141
TABLE 73 NORTH AMERICA: ALGAE PRODUCTS MARKET, BY FORM, 2023–2028 (USD MILLION) 141
TABLE 74 NORTH AMERICA: ALGAE PRODUCTS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 141
TABLE 75 NORTH AMERICA: ALGAE PRODUCTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 142
11.2.2 US 142
11.2.2.1 Rising applications of algae products in food & beverages, nutraceuticals, and personal care products to boost market 142
TABLE 76 US: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 143
TABLE 77 US: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 143
11.2.3 CANADA 144
11.2.3.1 Rising preference for plant-based alternatives to favor market growth 144
TABLE 78 CANADA: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 145
TABLE 79 CANADA: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 145
11.2.4 MEXICO 145
11.2.4.1 Dietary concerns to boost demand for algae products 145
TABLE 80 MEXICO: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 146
TABLE 81 MEXICO: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 146
11.3 EUROPE 147
11.3.1 EUROPE: RECESSION IMPACT ANALYSIS 147
FIGURE 44 EUROPEAN ALGAE PRODUCTS MARKET: RECESSION IMPACT ANALYSIS 148
TABLE 82 EUROPE: ALGAE PRODUCTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 148
TABLE 83 EUROPE: ALGAE PRODUCTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 148
TABLE 84 EUROPE: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 149
TABLE 85 EUROPE: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 149
TABLE 86 EUROPE: ALGAE PRODUCTS MARKET, BY SOURCE, 2018–2022 (USD MILLION) 149
TABLE 87 EUROPE: ALGAE PRODUCTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 150
TABLE 88 EUROPE: ALGAE PRODUCTS MARKET, BY FORM, 2018–2022 (USD MILLION) 150
TABLE 89 EUROPE: ALGAE PRODUCTS MARKET, BY FORM, 2023–2028 (USD MILLION) 150
TABLE 90 EUROPE: ALGAE PRODUCTS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 150
TABLE 91 EUROPE: ALGAE PRODUCTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 151
11.3.2 GERMANY 151
11.3.2.1 Growing demand for algae products for sports nutrition and animal feed to fuel growth 151
TABLE 92 GERMANY: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 152
TABLE 93 GERMANY: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 152
11.3.3 FRANCE 152
11.3.3.1 Reliance on algae imports to drive market for local algae products 152
TABLE 94 FRANCE: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 153
TABLE 95 FRANCE: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 153
11.3.4 SPAIN 154
11.3.4.1 Food & beverage industry to provide growth opportunities for algae products 154
TABLE 96 SPAIN: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 155
TABLE 97 SPAIN: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 155
11.3.5 UK 155
11.3.5.1 Growing awareness about algae products to drive market growth 155
TABLE 98 UK: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 156
TABLE 99 UK: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 156
11.3.6 ITALY 157
11.3.6.1 Increasing investments and expansions by market players to support growth 157
TABLE 100 ITALY: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 157
TABLE 101 ITALY: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 158
11.3.7 REST OF EUROPE 158
TABLE 102 REST OF EUROPE: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 158
TABLE 103 REST OF EUROPE: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 159
11.4 ASIA PACIFIC 159
11.4.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 160
FIGURE 45 ASIA PACIFIC ALGAE PRODUCTS MARKET: RECESSION IMPACT ANALYSIS 161
FIGURE 46 ASIA PACIFIC: ALGAE PRODUCTS MARKET SNAPSHOT 161
TABLE 104 ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 162
TABLE 105 ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 162
TABLE 106 ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 162
TABLE 107 ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 163
TABLE 108 ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY SOURCE, 2018–2022 (USD MILLION) 163
TABLE 109 ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 163
TABLE 110 ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY FORM, 2018–2022 (USD MILLION) 164
TABLE 111 ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY FORM, 2023–2028 (USD MILLION) 164
TABLE 112 ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 164
TABLE 113 ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 165
11.4.2 CHINA 165
11.4.2.1 Use of algae in personal care to drive market in China 165
TABLE 114 CHINA: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 166
TABLE 115 CHINA: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 166
11.4.3 JAPAN 166
11.4.3.1 Growing use of organic products to propel market growth 166
TABLE 116 JAPAN: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 167
TABLE 117 JAPAN: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 167
11.4.4 INDIA 168
11.4.4.1 Presence of key market players to strengthen algae products market in country 168
TABLE 118 INDIA: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 168
TABLE 119 INDIA: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 169
11.4.5 AUSTRALIA & NEW ZEALAND 169
11.4.5.1 Rising awareness and growth of aquaculture industry to drive demand for algae products 169
TABLE 120 AUSTRALIA & NEW ZEALAND: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 170
TABLE 121 AUSTRALIA & NEW ZEALAND: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 170
11.4.6 REST OF ASIA PACIFIC 171
TABLE 122 REST OF ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 172
TABLE 123 REST OF ASIA PACIFIC: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 172
11.5 SOUTH AMERICA 173
11.5.1 SOUTH AMERICA: RECESSION IMPACT ANALYSIS 173
FIGURE 47 SOUTH AMERICAN ALGAE PRODUCTS MARKET: RECESSION IMPACT ANALYSIS 174
TABLE 124 SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 174
TABLE 125 SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 174
TABLE 126 SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 175
TABLE 127 SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 175
TABLE 128 SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY SOURCE, 2018–2022 (USD MILLION) 175
TABLE 129 SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 176
TABLE 130 SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY FORM, 2018–2022 (USD MILLION) 176
TABLE 131 SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY FORM, 2023–2028 (USD MILLION) 176
TABLE 132 SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 177
TABLE 133 SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 177
11.5.2 BRAZIL 177
11.5.2.1 Rising per capita income to fuel demand for quality algae products 177
TABLE 134 BRAZIL: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 178
TABLE 135 BRAZIL: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 178
11.5.3 ARGENTINA 179
11.5.3.1 Increasing preference for vegan diets to provide growth avenues 179
TABLE 136 ARGENTINA: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 179
TABLE 137 ARGENTINA: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 179
11.5.4 REST OF SOUTH AMERICA 180
TABLE 138 REST OF SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 180
TABLE 139 REST OF SOUTH AMERICA: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 181
11.6 REST OF THE WORLD 181
11.6.1 REST OF THE WORLD: RECESSION IMPACT ANALYSIS 182
FIGURE 48 REST OF THE WORLD ALGAE PRODUCTS MARKET: RECESSION IMPACT ANALYSIS 182
TABLE 140 REST OF THE WORLD: ALGAE PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION) 183
TABLE 141 REST OF THE WORLD: ALGAE PRODUCTS MARKET, BY REGION, 2023–2028 (USD MILLION) 183
TABLE 142 REST OF THE WORLD: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 183
TABLE 143 REST OF THE WORLD: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 184
TABLE 144 REST OF THE WORLD: ALGAE PRODUCTS MARKET, BY SOURCE, 2018–2022 (USD MILLION) 184
TABLE 145 REST OF THE WORLD: ALGAE PRODUCTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 184
TABLE 146 REST OF THE WORLD: ALGAE PRODUCTS MARKET, BY FORM, 2018–2022 (USD MILLION) 185
TABLE 147 REST OF THE WORLD: ALGAE PRODUCTS MARKET, BY FORM, 2023–2028 (USD MILLION) 185
TABLE 148 REST OF THE WORLD: ALGAE PRODUCTS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 185
TABLE 149 REST OF THE WORLD: ALGAE PRODUCTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 186
11.6.2 AFRICA 186
11.6.2.1 High prevalence of malnutrition to boost demand for algae products 186
TABLE 150 AFRICA: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 187
TABLE 151 AFRICA: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 187
11.6.3 MIDDLE EAST 187
11.6.3.1 Growing demand for algae products from nutraceutical sector to boost growth 187
TABLE 152 MIDDLE EAST: ALGAE PRODUCTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 188
TABLE 153 MIDDLE EAST: ALGAE PRODUCTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 188
12 COMPETITIVE LANDSCAPE 189
12.1 OVERVIEW 189
12.2 MARKET SHARE ANALYSIS, 2022 189
TABLE 154 ALGAE PRODUCTS MARKET: DEGREE OF COMPETITION 190
12.3 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS 190
FIGURE 49 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 (USD BILLION) 190
12.4 STRATEGIES ADOPTED BY KEY PLAYERS 191
TABLE 155 STRATEGIES ADOPTED BY KEY ALGAE PRODUCTS MANUFACTURERS 191
12.5 COMPANY EVALUATION QUADRANT FOR KEY PLAYERS 193
12.5.1 STARS 193
12.5.2 EMERGING LEADERS 193
12.5.3 PERVASIVE PLAYERS 193
12.5.4 PARTICIPANTS 193
FIGURE 50 ALGAE PRODUCTS MARKET: COMPANY EVALUATION QUADRANT, 2022 (KEY PLAYERS) 194
12.5.5 COMPANY FOOTPRINT 195
TABLE 156 COMPANY FOOTPRINT, BY TYPE 195
TABLE 157 COMPANY FOOTPRINT, BY APPLICATION 196
TABLE 158 COMPANY FOOTPRINT, BY REGION 197
TABLE 159 OVERALL COMPANY FOOTPRINT 197
12.6 COMPANY EVALUATION QUADRANT FOR STARTUPS/SMES 198
12.6.1 PROGRESSIVE COMPANIES 198
12.6.2 STARTING BLOCKS 198
12.6.3 RESPONSIVE COMPANIES 198
12.6.4 DYNAMIC COMPANIES 198
FIGURE 51 ALGAE PRODUCTS MARKET: COMPANY EVALUATION QUADRANT, 2022 (STARTUPS/SMES) 199
12.6.5 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 200
TABLE 160 ALGAE PRODUCTS MARKET: DETAILED LIST OF KEY STARTUPS/SMES 200
TABLE 161 ALGAE PRODUCTS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 201
12.7 COMPETITIVE SCENARIO 202
12.7.1 PRODUCT LAUNCHES 202
TABLE 162 ALGAE PRODUCTS MARKET: NEW PRODUCT LAUNCHES, 2020–2022 202
12.7.2 DEALS 203
TABLE 163 ALGAE PRODUCTS MARKET: DEALS, 2019–2021 203
13 COMPANY PROFILES 204
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
13.1 KEY PLAYERS 204
13.1.1 DSM 204
TABLE 164 DSM: BUSINESS OVERVIEW 204
FIGURE 52 DSM: COMPANY SNAPSHOT (2022) 205
TABLE 165 DSM: PRODUCTS OFFERED 205
13.1.2 BASF SE 207
TABLE 166 BASF SE: BUSINESS OVERVIEW 207
FIGURE 53 BASF SE: COMPANY SNAPSHOT (2022) 208
TABLE 167 BASF SE: PRODUCTS OFFERED 208
13.1.3 CYANOTECH CORPORATION 210
TABLE 168 CYANOTECH CORPORATION: BUSINESS OVERVIEW 210
FIGURE 54 CYANOTECH CORPORATION: COMPANY SNAPSHOT (2022) 210
TABLE 169 CYANOTECH CORPORATION: PRODUCTS OFFERED 211
TABLE 170 CYANOTECH CORPORATION: PRODUCT LAUNCHES 211
13.1.4 CARGILL, INCORPORATED 213
TABLE 171 CARGILL, INCORPORATED: BUSINESS OVERVIEW 213
FIGURE 55 CARGILL, INCORPORATED: COMPANY SNAPSHOT (2022) 213
TABLE 172 CARGILL, INCORPORATED: PRODUCTS OFFERED 214
TABLE 173 CARGILL, INCORPORATED: PRODUCT LAUNCHES 214
13.1.5 CP KELCO U.S., INC. 216
TABLE 174 CP KELCO U.S., INC.: BUSINESS OVERVIEW 216
TABLE 175 CP KELCO U.S., INC.: PRODUCTS OFFERED 217
TABLE 176 CP KELCO U.S., INC.: PRODUCT LAUNCHES 217
TABLE 177 CP KELCO U.S., INC.: DEALS 218
13.1.6 INTERNATIONAL FLAVORS & FRAGRANCES INC. 219
TABLE 178 INTERNATIONAL FLAVORS & FRAGRANCES INC.: BUSINESS OVERVIEW 219
FIGURE 56 INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT (2022) 220
TABLE 179 INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCTS OFFERED 221
13.1.7 CORBION 222
TABLE 180 CORBION: BUSINESS OVERVIEW 222
FIGURE 57 CORBION: COMPANY SNAPSHOT (2022) 223
TABLE 181 CORBION: PRODUCTS OFFERED 223
TABLE 182 CORBION: DEALS 224
13.1.8 EARTHRISE NUTRITIONALS LLC 225
TABLE 183 EARTHRISE NUTRITIONALS LLC: BUSINESS OVERVIEW 225
TABLE 184 EARTHRISE NUTRITIONALS LLC: PRODUCTS OFFERED 225
13.1.9 E.I.D. PARRY 226
TABLE 185 E.I.D. PARRY: BUSINESS OVERVIEW 226
FIGURE 58 E.I.D. PARRY: COMPANY SNAPSHOT (2022) 227
TABLE 186 E.I.D. PARRY: PRODUCTS OFFERED 227
13.1.10 ALGEA 229
TABLE 187 ALGEA: BUSINESS OVERVIEW 229
TABLE 188 ALGEA: PRODUCTS OFFERED 229
13.2 OTHER PLAYERS 230
13.2.1 ALGATECH LTD. 230
TABLE 189 ALGATECH LTD.: BUSINESS OVERVIEW 230
TABLE 190 ALGATECH LTD.: PRODUCTS OFFERED 230
TABLE 191 ALGATECH LTD.: DEALS 231
13.2.2 SPIRA INC. 232
TABLE 192 SPIRA INC.: BUSINESS OVERVIEW 232
TABLE 193 SPIRA INC: PRODUCTS OFFERED 232
13.2.3 ALGENOL 233
TABLE 194 ALGENOL: BUSINESS OVERVIEW 233
TABLE 195 ALGENOL: PRODUCTS OFFERED 233
13.2.4 CELLANA INC. 234
TABLE 196 CELLANA INC.: BUSINESS OVERVIEW 234
TABLE 197 CELLANA INC.: PRODUCTS OFFERED 234
13.2.5 FENCHEM 236
TABLE 198 FENCHEM: BUSINESS OVERVIEW 236
TABLE 199 FENCHEM: PRODUCTS OFFERED 237
13.2.6 TBK MANUFACTURING CORPORATION 238
13.2.7 KARAGEN INDONESIA, CV 239
13.2.8 ASTAREAL AB 240
13.2.9 AMJ HYDROCOLLOIDS 240
13.2.10 TRITON ALGAE INNOVATIONS 241
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
14 ADJACENT & RELATED MARKETS 242
14.1 INTRODUCTION 242
14.2 LIMITATIONS 242
14.3 SEAWEED PROTEINS MARKET 242
14.3.1 MARKET DEFINITION 242
14.3.2 MARKET OVERVIEW 243
14.3.3 SEAWEED PROTEINS MARKET, BY APPLICATION 244
14.3.3.1 Introduction 244
TABLE 200 SEAWEED PROTEINS MARKET, BY APPLICATION, 2018–2021 (USD MILLION) 244
TABLE 201 SEAWEED PROTEINS MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 244
TABLE 202 SEAWEED PROTEINS MARKET, BY APPLICATION, 2018–2021 (KT) 245
TABLE 203 SEAWEED PROTEINS MARKET, BY APPLICATION, 2022–2027 (KT) 245
14.3.4 SEAWEED PROTEINS MARKET, BY REGION 245
14.3.4.1 Introduction 245
TABLE 204 SEAWEED PROTEINS MARKET, BY REGION, 2018–2021 (USD MILLION) 246
TABLE 205 SEAWEED PROTEINS MARKET, BY REGION, 2022–2027 (USD MILLION) 246
TABLE 206 SEAWEED PROTEINS MARKET, BY REGION, 2018–2021 (KT) 247
TABLE 207 SEAWEED PROTEINS MARKET, BY REGION, 2022–2027 (KT) 247
14.4 CAROTENOIDS MARKET 247
14.4.1 MARKET DEFINITION 247
14.4.2 MARKET OVERVIEW 247
14.4.3 CAROTENOIDS MARKET, BY TYPE 248
14.4.3.1 Introduction 248
TABLE 208 CAROTENOIDS MARKET, BY TYPE, 2017–2026 (USD MILLION) 248
TABLE 209 CAROTENOIDS MARKET, BY TYPE, 2017–2026 (TON) 249
14.4.4 CAROTENOIDS MARKET, BY REGION 249
14.4.4.1 Introduction 249
TABLE 210 CAROTENOIDS MARKET, BY REGION, 2017–2026 (USD MILLION) 249
TABLE 211 CAROTENOIDS MARKET, BY REGION, 2017–2026 (TON) 250
15 APPENDIX 251
15.1 DISCUSSION GUIDE 251
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 256
15.3 CUSTOMIZATION OPTIONS 258
15.4 RELATED REPORTS 258
15.5 AUTHOR DETAILS 259