The global Algae Products market was valued at 7246.73 Million USD in 2021 and will grow with a CAGR of 2.23% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Algae products are simple plants that can range from the microscopic (microalgae), to large seaweeds (macroalgae), such as giant kelp more than one hundred feet in length. Algae products can be grown using water resources such as brackish-, sea-, and wastewater unsuitable for cultivating agricultural crops. When using wastewater, such as municipal, animal and even some industrial runoff, they can help in its treatment and purification, while benefiting from using the nutrients present. Algae products refer to simple plants that can range from the microscopic (microalgae), to large seaweeds (macroalgae), such as giant kelp more than one hundred feet in length. Algae products could be classified as eucheuma, laminaria japonica, gracilaria, undaria pinnatifida, porphyra and others, and mainly be applied in animal & aquaculture feed, biofuels & bioenergy, food, chemicals and others. At present, food industry is largest consumer of algae products, which occupied 33.60% market share in 2017. The algae products industry is developing fast in last five years. The global production increased from 24580.7 K MT in 2013 to 28073.1 K MT in 2017, with the CAGR of 3.38%. For aquaculture environment factor, this industry is distributed around coastline. As a result, China is the largest production base. As for the consumption region, China is also the largest consumer of algae products. In 2017, China consumed 11338.0 K MT algae products. Indonesia is the follower with about 20% consumption share. Currently, as the downstream demand is rising, algae products are developing in steady growth.

By Market Verdors:

Weihai Shidai Marine Biotechnology

Shandong Lidao Oceanic Technology

Fujian Lianjiang Tianyuan Aquatic

Xunshan

Qingdao Gather Great Ocean Algae

Fujian Yiyuan Sea Food

Fujian Huangqiwan Sea Food Biotechnology

Rongcheng Lidao Chenfenzhuang Hongqiang Kelp

Rongcheng Lidao Chenfenzhuang Weijian Kelp

Rongcheng Yandunjiao Aquatic

Shandong Gaolv Aquatic

Shandong Haizhibao Technology

Matsumaeya

Shemberg

Karagen Indonesia

MCPI

By Types:

Eucheuma

Laminaria Japonica

Gracilaria

Porphyra

Undaria Pinnatifida

By Applications:

Animal & Aquaculture Feed

Biofuels & Bioenergy

Food

Chemicals

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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