Microalgae-basedProducts Market: Introduction
TransparencyMarket Research delivers key insights on the global microalgae-basedproducts market. In terms of revenue, the globalmicroalgae-based products market is estimated to expand at a CAGR of ~6% duringthe forecast period, owing to numerous factors regarding which TMR offersthorough insights and forecasts in its report on the global microalgae-basedproducts market.
The globalmicroalgae-based products market is broadly affected by several factors,including usage of microalgae-based products in various applications such asfood & beverages, nutraceuticals, personal care, pharmaceuticals, chemical,fuel, animal feed, and others. Increase in usage of microalgae-based productsin the nutraceutical & dietary supplements industry is propelling theglobal microalgae-based products market.
Request PDF brochure
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=54039
Microalgae-based Products Market:Dynamics
The demandfor microalgae-based products has been rising for use in the production ofdietary supplement products, owing to its water binding, structuring (gelationand aggregation), and surface (emulsifying and foaming) properties. Theseproducts are also employed as supplements in daily diet. The increase ininclination for microalgae-sourced omega 3 fatty acid is driving theconsumption of microalgae-based products. This is expected to boost the globalmicroalgae-based products market during the forecast period.
The demandfor microalgae-based food products is rising significantly in the manufactureof whole-biomass products (also known as ‘super foods’) due to nutritive value,high protein content, and health benefits offered by microalgae-based products.This is major factor expected to boost the adoption of these products in themanufacture of functional food products. In turn, this is estimated to drivethe global microalgae-based products market.
More Trending Reports
Therise in the demand for dried microalgae, such as chlorella and spirulina asfood supplements is projected to augment the global market during the forecastperiod. Increase in mergers and acquisitions by major players in order todevelop various microalgae-based food supplements is another factor that is likelyto propel the global microalgae-based products market in the near future.
Microalgae-based Products Market:Prominent Regions
Europedominated the global microalgae-based products market in 2020.The region possesses specific structural economic and logistical assets thatboost its position in micro-algae research and applications. Microalgae arebeing promoted as a new source of valuable nutrients for human and animalconsumption in Europe. Microalgae-based products are employed in nicheapplications such as life sciences. The Netherlands-based DSM, a chemicalcompany, has a strong position in the life sciences segment. Microalgae-basedpharmaceutical products are expected to gain traction in the near future.
Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=54039<ype=S
Countriesin Europe aim to source 10% of transportenergy from renewable resources, primarily from biofuels by the end of 2020.A large share of fuels is utilized in transportation application in the region,owing to the high demand for luxury vehicles, commercial trucks, andmotorcycles. This is projected to boost the demand for microalgae-basedproducts in countries such as Germany, Switzerland, and the Netherlands.
TheEuropean Union is promoting the adoption of renewable energy through itspolicies. It is currently a prominent region for renewable energy and isexpected to continue to be a dominant region over the next few years.Investments by renewable energy players based in Europe represent about 25% ofthe investments in renewable energy worldwide. This is anticipated to drive thedemand for microalgae-based products in the region.
Microalgae-basedProducts Market: Key Players
The globalmicroalgae-based products market is fragmented with the presence of a largenumber of players. Key players operating in the global microalgae-basedproducts market are EID Parry Ltd., euglena Co, Ltd, Cyanotech Corporation,AstaReal Group, BlueTech International GmbH., Far East Bio-Tec Co., Ltd,Cellana Inc., Ocean Nutrition, Algae Health Sciences - A BGG Company, EarthriseNutritional, NOW, Necton, Algae International Berhad (AIB), and ProalgenBiotech Ltd.
Request Discount
https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=54039
AboutUs
TransparencyMarket Research is a global market intelligence company, providing globalbusiness information reports and services. Our exclusive blend of quantitativeforecasting and trends analysis provides forward-looking insight for thousandsof decision makers. Our experienced team of Analysts, Researchers, andConsultants, use proprietary data sources and various tools and techniques togather, and analyze information.
Our datarepository is continuously updated and revised by a team of research experts,so that it always reflects the latest trends and information. With a broadresearch and analysis capability, Transparency Market Research employs rigorousprimary and secondary research techniques in developing distinctive data setsand research material for business reports.
Contact
90 StateStreet, Suite 700
Albany, NY12207
Tel:+1-518-618-1030
USA -Canada Toll Free: 866-552-3453
