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Algae Extracts Market Share

Report ID: GMI5310
Published Date: Jan 2024
Report Format: PDF

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Algae Extracts Market Share

In the competitive algae extracts industry, key players are concentrating on extending their business footprint through a variety of strategies such as technological advancements, collaborations, and catering to rising demand in the personal care, food and beverage, nutraceuticals, and pharmaceuticals, sectors. The market is rapidly expanding, driven by rising demand for sustainable and natural components. Companies are investing in R&D to enhance and innovate algal extract production, in response to the extracts' numerous applications and advantages.

Algae Extracts Market Companies

Major companies operating in the algae extracts industry include:

Algatechnologies
Allmicroalgae
Arizona Algae Products, LLC.
Blue Evolution
Corbion NV
Cyanotech Corporation
Earthrise Nutritionals LLC. (DIC Corporation)
Goerlich Pharma GmbH
Kelp
Olmix Group
Phycom Microalgae
Phytoalgae
Solazyme
Tagrow Co., Ltd
Texas A&M AgriLife Research

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

The market size of algae extracts reached USD 5.42 billion in 2023 and is set to cross USD 9.44 billion by 2032, owing to the increasing demand for natural ingredients and increased awareness of the health advantages of algae-based products worldwide.

The green algae source segment recorded USD 1.4 billion in 2023, attributed to innovations in algae harvesting and processing leading to increased yield and purity.

U.S. market was valued at USD 1.14 billion in 2023, due to the rising demand for sustainable goods, and technological innovations in the region.

Algatechnologies, Allmicroalgae, Arizona Algae Products, LLC., Blue Evolution, Corbion NV, Cyanotech Corporation, Earthrise Nutritionals LLC. (DIC Corporation), Goerlich Pharma GmbH, Kelp, and Olmix Group are some of the major algae extracts companies worldwide.