Algae Products Market Dynamics - Exploring Growth,
Opportunities and Technological Advances Up to 2030

Algae Products
Market Growth Trend & Forecast with latest research study released
by Delvens evaluating the market risk side analysis, highlighting
opportunities, and leveraging strategic and tactical decision-making support.
The report provides information on market trends and development, growth
drivers, technologies, and the changing investment structure of the Global market.
The global Algae Products Market size was estimated at USD 2.2 billion in 2023
and is projected to reach USD 3.18 billion in 2030 at a CAGR of 5.4% during the
forecast period to 2030.

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The expansion of the geriatric population, as well as the
rising incidence of chronic conditions, is expected to drive the growth of
algae products on a global scale. Additionally, consumer awareness regarding
botanical variations and their functional properties has been a crucial driver.

North America to
Dominate the Market

North America is estimated to account for the largest market
share during the forecast period. In North America, there is a growing
awareness among consumers regarding the health benefits and sustainability
aspects of algae-based products.

Moreover, the Consumers are becoming more conscious of their
dietary choices and are actively seeking natural, plant-based alternatives for
various applications.

Recent Developments: Algae Products Market

·       
In the Netherlands, a modern production facility
specializing in chlorella algae was acquired by Aliga Microalgae, a Danish
company. The purpose of this acquisition is to enable commercialization of
Aliga's chlorella algae products.

·       
Koninklijke DSM N.V. has undertaken an expansion
of its 'life' range of algal-sourced omega-3 products through the addition of
two-line extensions. The company has expressed a desire to provide an omega-3
substitute for fish oil that maintains high quality and potency, by means of
expanding the product line that includes life's OMEGA and life's DHA. Among
DSM's most effective forms of algal omega-3 is life's OMEGA O1030DS, which
derives both EPA and DHA from a single, sustainable source.

The prominent players
in the Algae Products market are:

·       
ACCEL Carrageenan Corporation

·       
Algatech Ltd.

·       
Algea

·       
Algenol Biotech LLC

·       
Aliga Microalgae Company

·       
AMJ Hydrocolloids

·       
Archer Daniels Midland Company

·       
BASF SE

·       
Cargill Incorporated

·       
Cellana Inc.

·       
Corbion

·       
CP Kelco U.S., Inc.

·       
Cyanotech Corporation

·       
DSM

·       
DuPont de Nemours Inc. and More

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In addition to the
market data for the Algae Products Market, Delvens offers client-centric
reports customized according to the company’s specific demand and requirements.

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