PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1833318
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1833318
Algae Extracts Market Introduction and Overview
According to SPER market research, 'Global Algae Extracts Market Size- By Source, By Form, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Algae Extracts Market is predicted to reach 11.95 billion by 2034 with a CAGR of 7.46%.
Algae extract is derived from various classes of seaweed, including red algae, blue-green algae, brown algae, and green algae. Each class possesses molecules that enhance skin benefits, featuring components such as amino acids, omega-3 fatty acids, and vitamins A, B, C, and E. In skincare, algae extracts are employed for their hydrating properties and collagen support.
Restraints: The high manufacturing costs associated with algae culture and extraction techniques present a significant obstacle. There is limited technical expertise and infrastructure in specific regions, which can hinder production scalability, impacting supply chains. Furthermore, the market is vulnerable to changes in raw material prices, which can affect profit margins for producers.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Source, By Form, By Application
Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered
Algatechnologies, Allmicroalgae, Arizona Algae Products, LLC, Blue Evolution, Corbion NV, Cyanotech Corporation, Earthrise Nutritionals LLC, Goerlich Pharma GmbH, Kelp, Olmix Group.
Global Algae Extracts Market Segmentation:
By Source: Based on the Source, Global Algae Extracts Market is segmented as; Red Algae, Green Algae, Brown Algae.
By Form: Based on the Form, Global Algae Extracts Market is segmented as; Solid, Liquid.
By Application: Based on the Application, Global Algae Extracts Market is segmented as; Food and Beverages, Personal Care, Pharmaceuticals & Nutraceuticals, Animal Feed.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.