Home > Food & Beverages > Nutraceuticals > Omega 3 > Algae-based Ingredients Market

Algae-based Ingredients Market Share

Report ID: GMI5347
Published Date: Sep 2022
Report Format: PDF

Download Free Sample

Algae-based Ingredients Market Share

Major companies participating in the algae-based ingredients market share include

Corbion
Aliga Microalgae
Triton
Cargill
Gino Biotech
CP Kelco U.S. Inc.
AEP Colloids
KIMIA
Marine Hydrocolloids
AgarGel
Hispanagar SA
Taiwan Chlorella Manufacturing Company
Bioriginal Food & Science Corp
LUS Health Ingredients BV
Manta Biofuel
Algenol Biotech

These firms have been actively focusing on improving their customer retention techniques to gain a strong foothold in the market and expand their global presence. For instance, in July 2022, Corbion inaugurated an innovation and customer support center in Singapore. With this approach, the company aims to accentuate the fulfillment of customer requirements in the Asia/Pacific region across a range of categories.

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

The global market size for algae-based ingredients exceeded USD 3.5 billion in 2021 and is likely to exhibit over 6% CAGR from 2022 to 2030, owing to the rising consumption of nutraceutical products.

The carrageenan segment crossed USD 1 Billion in 2021 and is likely to witness a CAGR of over 5% during the assessment timeframe, driven by the growing recognition of the product as a thickening ingredient in food products coupled with its health benefits.

The others segment is anticipated to record a sizeable valuation, depicting a CAGR of over 6.5% from 2022 to 2030 due to the increased utilization of ingredients from yellow and blue-green algae across several end-use industries, including nutraceuticals and personal care products.

North America algae-based ingredients market is speculated to expand at over 5% CAGR over the projection period, owing to the increasing healthcare expenditure and the proliferation of F&B and pharmaceutical industries in the region.