3 Key Insights on Competitive Landscape in the Global Algae Products Market – Ken Research
Regional Players Dominate the Algae Products Market, Despite the Presence of ~100 Competitors Comprising a Significant Number of Global and Regional Players, finds a recent market study on the Global Algae Products Market by Ken Research
Algae is a photosynthetic organism found in both marine and freshwater habitats. Algae is the fastest-growing creature, as it has a short doubling time. Algae term is used to describe a wide collection of photosynthetic, eukaryotic organisms. Red algae, green algae, golden algae, blue-green algae, and others are the multiple types of algae. Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.
1. Global Players Constitute ~25% of the Total Number of Competitors, While Regional Players Dominate Representing ~45% of Total Competitors
Competitive Analysis by the research study found that the global algae products market is moderately competitive with ~100 players which include country-niche players, regional players as well as a significant number of globally diversified players, who deal in manufacturing and delivering algae products. The large global players even though comprise about 25% in terms of the number of companies, hold a majority portion of the market revenue share followed by regional players which account for a major chunk of the market revenue. Most of the players are having their headquarters in the North American region.
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2. Major Number of Players Dealing in Diversified End-User Products in the Global Algae Market.
Detailed comparative analysis of key competitors available within the research study reveals that players have a variety of algae products catering to various applications such as supplements, food, infant formula, personal care, nutraceuticals, and others. All leading competitors have a strong presence in the global algae product market. Furthermore, several companies and organizations are aggressively investing in R&D to cater to the demand of end-users.
- In March 2021, Triton Algae innovation launched a new plant-based algae ingredient and its first retail product, a tuna analog.
- In October 2018, Cargill has announced the launch of Latitude, a plant-based fish oil alternative that provides long-chain algae fatty acids for aquafeeds.
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3. Increased Adoption Of Algae Products Globally Leading To Major Industry-Wide Developments, Acquisitions, Collaborations
- Under the National Fisheries Policy 2020, the government has called for additional areas for seaweed cultivation to be identified, and technology upgradation for the culture of native species.
- In 2017, VALUEMAG (Valuable Products from Algae Using New Cultivation and Extraction Techniques), was launched by was European Union. This project is announced to improve the overall quality of extraction techniques for microalgae.
Key Topics Covered in the Report
- Snapshot of the Global Algae Product Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Algae Product Market
- Historic Growth of the Overall Global Algae Product Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Algae Product Industry
- Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
- COVID-19 Impact on the Overall Global Algae Product Market
- Future Market Forecast and Growth Rates of the Total Global Algae Product Market and by Segments
- Market Size of Source / Application Segments with Historical CAGR and Future Forecasts
- Analysis of the Global Algae Product Market
- Major Production/Supply and Consumption/Demand Hubs in Each Major Region
- Major Continent-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Continent
Notable Emerging Companies Mentioned in the Report
- Algal Bio Co., Ltd.
- Affiliate Nutra
- Primary Ocean Producers
- Redono
- SMPNutra
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Algae Product Manufacturing Companies
- Algae Product Distribution Channels
- Algae Product Oil Extracting Companies
- Potential Investors in Algae Product Companies
- Algae Additives Manufacturing and Extracting Companies
- Supplements Manufacturing & Distributing Company
- Algae and Vegetable Oil Extracting Companies
- Consulting Companies in the Algae Product Market
- Government And Research Organizations Working in Food Industry
- Investment Banks Targeting Food Industry
- Company Research and Development Institutes
- Market Research & Consulting Firms
- Banking and Financial Service Providers
- Government & Regulatory Authorities
- Packaging Material Suppliers
- Investors in Food Start-ups
- Start-ups & Incumbents in Food Sector
- Certification & Inspection Companies
- F&B Marketing Agencies
Time Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022-2028F
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