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.
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.
According to this study, over the next five years the Algae Products market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Algae Products business, shared in Chapter 3.
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.
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
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
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
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
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.
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.