Algae Extracts Market Size - By Source, Form, Application, Growth Prospects, Regional Outlook & Forecast, 2024

Description

Global Algae Extracts Market will register a 7.2% CAGR from 2024 to 2032, attributed to escalating R&D initiatives and the expanding applications of algae extracts across diverse sectors. The launch of innovative products incorporating algae extracts in industries such as personal care, food, pharmaceuticals, and more will contribute significantly to this trajectory. As the market continues to witness advancements and diversification, the confluence of R&D efforts and new product launches will emerge as a potent driver, propelling the expansion of the market.

Pharmaceutical companies are actively involved in research and development, unveiling an array of products sourced from algae extracts. This commitment enhances market growth by offering eco-friendly and natural solutions. For instance, in 2021, BASF unveiled Seanactiv(TM), a fucoidan-rich algae extract designed to rejuvenate and invigorate the eye contour. It features a novel ingredient derived from the organic-certified marine algae Fucus vesiculosus fucoidan.

The algae extracts industry is segmented based on source, application, and region.

The red algae segment will achieve a notable market share by 2032, driven by the multifaceted applications and nutritional richness of red algae extracts, making them indispensable in various industries. With a rising demand for natural products in sectors like food, pharmaceuticals, and cosmetics, the red algae segment will experience substantial growth. Its prominence underscores a widespread recognition of the unique benefits and versatility associated with red algae in the evolving landscape of algae extracts.

The algae extracts market size from the personal care segment will grow appreciably between 2024 and 2032, propelled by a surging consumer preference for natural and sustainable ingredients in personal care products. Algae extracts, rich in bioactive compounds and renowned for their skin and hair benefits, align perfectly with the industry's demand for innovative and eco-friendly solutions. The heightened emphasis on wellness and beauty, coupled with the versatility of algae extracts, will position the personal care segment at the forefront of market growth.

Asia-Pacific algae extracts industry will grow at a significant CAGR from 2024 to 2032 due to burgeoning demand and extensive research initiatives. With a rich repository of diverse algae species and favorable climatic conditions, countries in the region are witnessing a surge in algae-based applications across industries such as food, pharmaceuticals, and cosmetics. The region's commitment to sustainable practices and increasing awareness regarding the nutritional benefits of algae will further contribute to its prominent position in the market, fostering innovation and economic growth.

Product Code: 5310

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & workings
1.3 Forecast parameters
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Data mining sources
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Algae extracts industry 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Source trends
2.4 Form trends
2.5 Application trends
2.6 Regional trends

Chapter 3 Algae Extracts Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Raw material analysis
- 3.1.2 Manufacturers
- 3.1.3 Application analysis
- 3.1.4 Profit margin analysis
- 3.1.5 Vendor matrix
3.2 Raw material analysis
3.3 Technology landscape
3.4 Regulatory landscape
- 3.4.1 North America
- 3.4.2 Europe
- 3.4.3 APAC
- 3.4.4 Latin America
- 3.4.5 MEA
3.5 Pricing analysis
- 3.5.1 North America
- 3.5.2 Europe
- 3.5.3 Asia Pacific
- 3.5.4 Latin America
- 3.5.5 Middle East & Africa
- 3.5.6 Cost structure analysis, 2023
3.6 Industry impact forces
- 3.6.1 Growth drivers
- 3.6.2 Industry pitfalls & challenges
3.7 Innovation & sustainability
3.8 Growth potential analysis, 2023
3.9 Porters analysis
- 3.9.1 Industry rivalry
- 3.9.2 Buyer power
- 3.9.3 Supplier power
- 3.9.4 Threat of new entrants
- 3.9.5 Threat of substitutes
3.10 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company matrix analysis, 2023
4.3 Global company market share analysis, 2023
- 4.3.1 Company market share analysis, by region, 2023
  - 4.3.1.1 North America
  - 4.3.1.2 Europe
  - 4.3.1.3 Asia Pacific
  - 4.3.1.4 Latin America
  - 4.3.1.5 Middle East & Africa
4.4 Competitive positioning matrix
4.5 Strategy dashboard

Chapter 5 Algae Extracts Market Size and Forecast, By Source 2018 - 2032

5.1 Key source trends
5.2 Red algae
5.3 Green algae
5.4 Brown algae
5.5 Others

Chapter 6 Algae Extracts Market Size and Forecast, By Form 2018 - 2032

6.1 Key form trend
6.2 Solid
6.3 Liquid

Chapter 7 Algae Extracts Market Size and Forecast, By Application 2018 - 2032

7.1 Key application trends
7.2 Food and Beverages
7.3 Personal care
7.4 Pharmaceuticals & Nutraceuticals
7.5 Animal feed
- 7.5.1 Poultry
- 7.5.2 Swine
- 7.5.3 Cattle
- 7.5.4 Aquaculture
- 7.5.5 Petfood
7.6 Others

Chapter 8 Algae Extracts Market Size and Forecast, By Region 2018 - 2032

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Spain
- 8.3.5 Italy
- 8.3.6 Netherlands
- 8.3.7 Poland
- 8.3.8 Russia
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 Japan
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 South Korea
- 8.4.6 Indonesia
- 8.4.7 Thailand
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE

Chapter 9 Company Profiles

9.1 Algatechnologies
9.2 Allmicroalgae
9.3 Arizona Algae Products, LLC.
9.4 Blue Evolution
9.5 Corbion NV
9.6 Cyanotech Corporation
9.7 Earthrise Nutritionals LLC. (DIC Corporation)
9.8 Goerlich Pharma GmbH
9.9 Kelp
9.10 Olmix Group
9.11 Phycom Microalgae
9.12 Phytoalgae
9.13 Solazyme
9.14 Tagrow Co., Ltd
9.15 Texas A&M AgriLife Research

Algae Extracts Market Size - By Source, Form, Application, Growth Prospects, Regional Outlook & Forecast, 2024 - 2032