Algae Products Market to Grow at a CAGR of 6.74% from 2021 to 2026 | Health Benefits Associated with Algae Products Presents Opportunities | Technavio

NEW YORK, Dec. 28, 2021 -- The Algae Products Market value is set to grow by USD 1.31 billion, progressing at a CAGR of 6.74% from 2021 to 2026, as per the latest report by Technavio.

This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Technavio offers analysis regarding the current global market scenario and the overall market environment. Read Free Sample Report

Algae Products Market 2022-2026: Segmentation

• Application
• Food and Beverages
• Pharmaceutical
• Personal Care
• Dietary Supplements
• Others
• Geography
• Europe
• APAC
• North America
• South America
• MEA

The algae products market share growth by the foods and beverages segment will be significant during the forecast period. The growing global demand for macroalgal and microalgal foods is attributable to the increasing consumption of algae for functional benefits that are beyond the traditional considerations of nutrition and health. The increasing use of algae in the food and beverage sector worldwide is attributable to the growing awareness of the health-promoting benefits of algae. 

Learn more about the factors assisting the growth of the market, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR71723

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Algatech Ltd., BASF SE, Cargill Inc., Corbion nv, CP Kelco US Inc., Cyanotech Corp., DuPont de Nemours Inc., E.I.D. - Parry (India) Ltd., FENCHEM, and Koninklijke DSM NV are some of the major market participants. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

Algae are a natural source of omega-3 fatty acids, essential for the human body. Omega-3 fatty acids are known as anti-inflammatory agents that reduce blood clots in the body. The fats derived from algae are sustainable and serve as a vegan alternative for animal fats-based supplements. The consumption of algae products such as DHA omega-3 is essential during pregnancy to aid brain growth in the fetus and support a healthy pregnancy. The consumption of DHA during pregnancy results in higher novelty preference on visual recognition memory and higher scores for verbal intelligence of the child. The consumption of algae products is also good for eye health. Moreover, the consumption of algae fats is known to regulate heartbeat, reduce blood pressure, decrease blood clot formation, reduce overall inflammation, and improve cardiovascular health.  These health benefits of algae products will fuel the growth of the market during the forecast period.

Download Free sample Report for insights on the trends and drivers that will help companies evaluate and develop growth strategies for 2022-2026.

Algae Products Market 2022-2026: Vendor Analysis and Scope

To help businesses improve their market position, the Algae Products Market provides a detailed analysis of vendors operating in the market.

The report also covers the following areas:

• Algae Products Market size
• Algae Products Market trends
• Algae Products Market analysis

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Algae Products Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist algae products market growth during the next five years
• Estimation of the algae products market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the algae products market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of algae products market vendors

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Algae-based Animal Feed and Ingredients Market by Product, Distribution Channel, Application, and Geography - Forecast and Analysis 2021-2025: The algae-based animal feed and ingredients market has the potential to grow by USD 750.65 million during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 5.87%. To get extensive research insights: Download FREE sample report

Global Algae Fats Market: The algae fats market size will grow by USD 308 million. This report offers an analysis of the market based on application and geography. To get extensive research insights: Download FREE sample report

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