Global Algae Products Market Size and Share with Forecast by 2024

Algae Products Market 2019-2024:

The algae products market is estimated to be $3.96 Billion in 2018 and is projected to reach a value of $5.11 Billion by 2024, at a CAGR of 5.4%. 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, porphyria 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.
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.
The global revenue of algae products was valued at 6594.03 million USD in 2017, increase from 6387.42 million USD in 2013. Currently, as the downstream demand is rising, algae products are developing in steady growth. This report presents the global market share sales and revenue of key companies in Algae Products business, shared in Chapter 3.

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This report presents a comprehensive overview, market shares, and growth opportunities of Algae Products market by product type, application, key manufacturers and key regions and countries.

This study considers the Algae Products value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Eucheuma
Laminaria Japonica
Gracilaria
Porphyra
Undaria Pinnatifida
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Animal & Aquaculture Feed
Biofuels & Bioenergy
Food
Chemicals
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:

Breakdown data in in Chapter 3.
Weihai Shidai Marine Biotechnology
Shandong Lidao Oceanic Technology
Fujian Lianjiang Tianyuan Aquatic
Xunshan Group
Qingdao Gather Great Ocean Algae
Fujian Yiyuan Sea Food Company
Fujian Huangqiwan Sea Food Biotechnology
Rongcheng Lidao Chenfenzhuang Hongqiang Kelp Factory
Rongcheng Lidao Chenfenzhuang Weijian Kelp Factory
Rongcheng Yandunjiao Aquatic Company
Shandong Gaolv Aquatic Company
Shandong Haizhibao Technology
Matsumaeya
Shemberg
Karagen Indonesia
MCPI

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives:

To study and analyze the global Algae Products consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Algae Products market by identifying its various subsegments.
Focuses on the key global Algae Products manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Algae Products with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks .
To project the consumption of Algae Products submarkets, with respect to key regions along with their respective key countries .
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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