Algae Products Market for Cosmetics by Type (Hydrocolloids, Lipids, Carotenoids), Source (Seaweed, Microalgae ), Form (Dry, Liquid), Application (Skin Care, Hair Care Products), and Geography

Description

List of Tables

Algae Products Market for Cosmetics by Type (Hydrocolloids, Lipids, Carotenoids), Source (Seaweed, Microalgae {Chlorella, Spirulina}), Form (Dry, Liquid), Application (Skin Care {Moisturizers}, Hair Care Products), and Geography - Global Forecast to 2031

According to the research report titled 'Algae Products Market for Cosmetics by Type (Hydrocolloids, Lipids, Carotenoids), Source (Seaweed, Microalgae {Chlorella, Spirulina}), Form (Dry, Liquid), Application (Skin Care {Moisturizers}, Hair Care Products), and Geography-Global Forecast to 2031,' the algae products market for cosmetics is projected to reach $1.10 billion by 2031, at a CAGR of 9.6% from 2024 to 2031. In terms of volume, the algae products market for cosmetics is projected to reach 86,911.6 tons by 2031, at a CAGR of 11.2% during the forecast period of 2024-2031. The report provides an in-depth analysis of the algae products market for cosmetics across five major geographies, current market trends, size, and recent developments, and the forecast for 2031.

Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, and challenges.

The growth of the algae products market for cosmetics is driven by the growing cosmetics industry, increasing consumer preference for cruelty-free and vegan cosmetics, and rising awareness regarding the health benefits of organic cosmetic products. However, the complexities in algae production and the lack of R&D activities in underdeveloped countries restrain the growth of this market.

Furthermore, the growing demand for personalized cosmetic products is expected to generate growth opportunities for the stakeholders in this market. However, the risk of algae contamination is a major challenge impacting the growth of the algae products market for cosmetics.

Moreover, the rising adoption of eco-friendly packaging and sustainable practices in the cosmetics industry is a prominent trend in the algae products market for cosmetics.

Key Players

The key players operating in the global algae products market for cosmetics are Algatechnologies Ltd. (A Part of Solabia Group) (Israel), BASF SE (Germany), BDI BioLife Science GmbH (Austria), Bluetec Naturals Co., Ltd (China), Cargill, Incorporated (U.S.), DIC Corporation (Japan), Seagrass Tech Private Limited (India), Tianjin Norland Biotech Co., Ltd. (China), COMPANIA ESPANOLA DE ALGAS MARINAS S A (Spain), W Hydrocolloids, Inc. (Philippines), SNAP Natural & Alginate Products Pvt. Ltd. (India), AlgoSource (France), Algamo s.r.o. (Czech Republic), Zhejiang Binmei Biotechnology Co., Ltd. (China), Algalimento SL (Spain), and Shaivaa Algaetech LLP (India).

Based on type, the algae products market for cosmetics is mainly segmented into hydrocolloids, algal proteins, lipids, and carotenoids. The carotenoids segment is projected to register the highest CAGR during the forecast period of 2024-2031 due to the increasing adoption of beta carotene, astaxanthin, and lutein in cosmetic products. Furthermore, the rising demand for sunscreen lotion has driven the utilization of algae-derived beta carotene, renowned for its effectiveness in skincare formulations for protecting against UVA-light-induced damage. Moreover, cosmetic products containing beta carotene are known to reduce oxidative damage to the skin and enhance its appearance.

Based on source, the algae products market for cosmetics is segmented into macroalgae/seaweed and microalgae. In 2024, the macroalgae/seaweed segment is expected to account for the larger share of the global algae products market for cosmetics. The large market share of this segment can be attributed to the abundant availability of seaweed as raw materials for cosmetics and personal care industries, the increasing production of seaweed, and the growing awareness of the health benefits associated with seaweed products. Furthermore, the active components derived from seaweeds act as antioxidants, antibacterial and whitening agents, and anti-aging and anti-acne solutions, driving their adoption in the formulation of skin care products. Moreover, this segment is also projected to register the highest CAGR during the forecast period of 2024-2031.

Based on form, the global algae products market for cosmetics is segmented into dry and liquid. In 2024, the dry segment is expected to account for the larger share of the global algae products market for cosmetics. The large market share of this segment is attributed to the longer shelf-life and ease of transportation and storage of dry algae products compared to liquid algae products and the increasing use of algae powder for product formulation in the cosmetics industry. Moreover, this segment is also projected to register the highest CAGR during the forecast period of 2024-2031.

Based on application, the global algae products market for cosmetics is segmented into skin care products, hair care products, and other cosmetics applications. In 2024, the skin care products segment is expected to account for the largest share of the global algae products market for cosmetics. The large market share of this segment can be attributed to the rising consumer preferences for natural and organic skincare products, benefits of algae in skin care products, increasing skin health concerns, and rising technological advancements in the cosmetic industry. Additionally, this segment is projected to register the highest CAGR during the forecast period of 2024-2031 due to the increasing demand for multi-functional skin care products and the growing personal grooming trend.

An in-depth geographic analysis of the industry provides detailed qualitative and quantitative insights into the five major geographies (Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa) and the coverage of major countries in each region. Europe is expected to witness significant growth during the forecast period of 2024-2031, mainly due to the rapidly growing cosmetics industry, rising health & wellness trends, growing demand for natural or vegan cosmetics products, and growing demand for algae products from the cosmetic industry.

Key Questions Answered in the Report:

What is the value of revenue generated by the algae products market for cosmetics?
At what rate is the global demand for algae products for cosmetics projected to grow for the next 5-7 years?
What is the historical market size and growth rate for the algae products market for cosmetics?
What are the major factors impacting the growth of this market at global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which type, source, form, and application segments create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the algae products market for cosmetics?
Who are the major players in the algae products market for cosmetics? What are their specific product offerings in this market?
What recent developments have taken place in the algae products market for cosmetics? What impact have these strategic developments created on the market?

Scope of the Report:

Global Algae Products Market for Cosmetics Assessment-by Type

Hydrocolloids
Carrageenan
Alginate
Agar
Other Hydrocolloids
Algal Protein
Lipids
Carotenoids
Beta Carotene
Astaxanthin
Lutein
Other Carotenoids

Global Algae Products Market for Cosmetics Assessment-by Source

Macroalgae/Seaweed
Red Seaweed
Brown Seaweed
Green Seaweed
Microalgae
Spirulina
Chlorella
Dunaliella Salina
Haematococcus Pluvialis
Nannochloropsis
Other Microalgae Sources

Global Algae Products Market for Cosmetics Assessment-by Form

Dry
Liquid

Global Algae products market for cosmetics Assessment-by Application

Skin Care Products
Anti-aging Products
Moisturizers
Sunscreen Lotions/UV-protection Products
Other Skin Care Products
Hair Care Products
Hair Conditioning & Shampoos
Other Hair Care Products
Other Cosmetics Applications

Global Algae Products Market for Cosmetics Assessment-by Geography

Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
North America
U.S.
Canada
Europe
France
Germany
U.K.
Italy
Spain
Rest of Europe
Latin America
Brazil
Mexico
Argentina
Chile
Rest of Latin America
Middle East and Africa

Product Code: MRCHM - 104608

1. Introduction

1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders

2. Research Methodology

2.1. Research Approach
2.2. Process of Data Collection and Validation
- 2.2.1. Secondary Research
- 2.2.2. Primary Research/Interviews With Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
- 2.3.1. Market Size Estimation Approach
- 2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study

3. Executive Summary

3.1. Overview
3.2. Segment Analysis
- 3.2.1. Algae Products Market for Cosmetics, by Type
- 3.2.2. Algae Products Market for Cosmetics, by Source
- 3.2.3. Algae Products Market for Cosmetics, by Form
- 3.2.4. Algae Products Market for Cosmetics, by Application
3.3. Algae Products Market for Cosmetics-Regional Analysis
3.4. Competitive Landscape & Market Competitors

4. Market Insights

4.1. Overview
4.2. Factors Affecting Market Growth
- 4.2.1. Growing Cosmetics Industry Supporting Market Growth
- 4.2.2. Increasing Consumer Preference for Cruelty-Free and Vegan Cosmetics Driving the Demand for Algae Products
- 4.2.3. Rising Awareness Regarding the Health Benefits of Organic Cosmetic Products Boosting the Adoption of Algae Products
- 4.2.4. Complexities In Algae Production Restraining Market Growth
- 4.2.5. Lack of R&D Activities in Underdeveloped Countries Limiting the Growth of the Algae Products Market for Cosmetics
- 4.2.6. Growing Demand for Personalized Cosmetic Products Generating Market Growth Opportunities
- 4.2.7. Risk of Algae Contamination to Remain a Major Challenge for Market Growth
4.3. Key Trends
- 4.3.1. Rising Adoption of Eco-Friendly Packaging and Sustainable Practices in the Cosmetics Industry
4.4. Porter's Five Forces Analysis
- 4.4.1. Bargaining Power of Suppliers
- 4.4.2. Bargaining Power of Buyers
- 4.4.3. Threat of Substitutes
- 4.4.4. Threat of New Entrants
- 4.4.5. Degree of Competition
4.5. Pricing Analysis
- 4.5.1. Hydrocolloids
  - 4.5.1.1. Carrageenan
  - 4.5.1.2. Alginate
  - 4.5.1.3. Agar
  - 4.5.1.4. Other Hydrocolloids
- 4.5.2. Algal Proteins
- 4.5.3. Lipids
- 4.5.4. Carotenoids
  - 4.5.4.1. Beta Carotene
  - 4.5.4.2. Astaxanthin
  - 4.5.4.3. Lutein
  - 4.5.4.4. Other Carotenoids

5. Algae Products Market for Cosmetics-by Type

5.1. Overview
5.2. Hydrocolloids
- 5.2.1. Carrageenan
- 5.2.2. Alginate
- 5.2.3. Agar
- 5.2.4. Other Hydrocolloids
5.3. Algal Proteins
5.4. Lipids
5.5. Carotenoids
- 5.5.1. Beta Carotene
- 5.5.2. Astaxanthin
- 5.5.3. Lutein
- 5.5.4. Other Carotenoids

6. Algae Products Market for Cosmetics-by Source

6.1. Overview
6.2. Macroalgae/Seaweed
- 6.2.1. Red Seaweed
- 6.2.2. Brown Seaweed
- 6.2.3. Green Seaweed
6.3. Microalgae
- 6.3.1. Spirulina
- 6.3.2. Chlorella
- 6.3.3. Haematococcus Pluvialis
- 6.3.4. Dunaliella Salina
- 6.3.5. Nannochloropsis
- 6.3.6. Other Microalgae

7. Algae Products Market for Cosmetics-by Form

7.1. Overview
7.2. Dry
7.3. Liquid

8. Algae Products Market for Cosmetics-by Application

8.1. Overview
8.2. Skin Care
- 8.2.1. Anti-aging Products
- 8.2.2. Moisturizers
- 8.2.3. Sunscreen/UV-Protection Products
- 8.2.4. Other Skin Care Products
8.3. Hair Care
- 8.3.1. Hair Conditioners & Shampoos
- 8.3.2. Other Hair Care Products
8.4. Other Cosmetic Applications

9. Algae Products Market for Cosmetics-by Geography

9.1. Overview
9.2. Asia-Pacific
- 9.2.1. China
- 9.2.2. Japan
- 9.2.3. India
- 9.2.4. Australia
- 9.2.5. South Korea
- 9.2.6. Rest of Asia-Pacific
9.3. North America
- 9.3.1. U.S.
- 9.3.2. Canada
9.4. Europe
- 9.4.1. France
- 9.4.2. Germany
- 9.4.3. U.K.
- 9.4.4. Italy
- 9.4.5. Spain
- 9.4.6. Rest of Europe
9.5. Latin America
- 9.5.1. Brazil
- 9.5.2. Mexico
- 9.5.3. Argentina
- 9.5.4. Chile
- 9.5.5. Rest of Latin America
9.6. Middle East & Africa

10. Competition Analysis

10.1. Overview
10.2. Key Growth Strategies
10.3. Competitive Benchmarking
10.4. Competitive Dashboard
- 10.4.1. Industry Leaders
- 10.4.2. Market Differentiators
- 10.4.3. Vanguards
- 10.4.4. Emerging Companies

11. Company Profiles

11.1. Algatechnologies Ltd. (A Part of Solabia Group)
- 11.1.1. Company Overview
- 11.1.2. Product Portfolio
11.2. BASF SE
- 11.2.1. Company Overview
- 11.2.2. Financial Overview
- 11.2.3. Swot Analysis: BASF SE
- 11.2.4. Product Portfolio
- 11.2.5. Strategic Developments
11.3. BDI BioLife Science GmbH
- 11.3.1. Company Overview
- 11.3.2. Product Portfolio
- 11.3.3. Strategic Developments
11.4. Bluetec Naturals Co., Ltd
- 11.4.1. Company Overview
- 11.4.2. Product Portfolio
11.5. Cargill, Incorporated
- 11.5.1. Company Overview
- 11.5.2. Financial Overview
- 11.5.3. Swot Analysis: Cargill, Incorporated
- 11.5.4. Product Portfolio
11.6. DIC Corporation
- 11.6.1. Company Overview
- 11.6.2. Financial Overview
- 11.6.3. Swot Analysis: DIC Corporation
- 11.6.4. Product Portfolio
- 11.6.5. Strategic Developments
11.7. Seagrass Tech Private Limited
- 11.7.1. Company Overview
- 11.7.2. Product Portfolio
11.8. Tianjin Norland Biotech Co., Ltd.
- 11.8.1. Company Overview
- 11.8.2. Product Portfolio
11.9. SNAP Natural & Alginate Products Pvt. Ltd.
- 11.9.1. Company Overview
- 11.9.2. Product Portfolio
11.10. COMPANIA ESPANOLA DE ALGAS MARINAS S A
- 11.10.1. Company Overview
- 11.10.2. Product Portfolio
11.11. W Hydrocolloids, Inc.
- 11.11.1. Company Overview
- 11.11.2. Product Portfolio
- 11.11.3. Strategic Developments
11.12. AlgoSource
- 11.12.1. Company Overview
- 11.12.2. Product Portfolio
11.13. Algamo s.r.o.
- 11.13.1. Company Overview
- 11.13.2. Product Portfolio
11.14. Zhejiang Binmei Biotechnology Co., Ltd.
- 11.14.1. Company Overview
- 11.14.2. Product Portfolio
11.15. Algalimento SL
- 11.15.1. Company Overview
- 11.15.2. Product Portfolio
11.16. Shaivaa Algaetech LLP
- 11.16.1. Company Overview
- 11.16.2. Product Portfolio

12. Appendix

12.1. Available Customization
12.2. Related Reports