The algae products market is estimated at USD 3.98 Billion in 2018 and is projected to reach a value of USD 5.17 Billion by 2023, growing at a CAGR of 5.4%.
We salute industry experts helping companies survive and sustain in this economic pandemic; they are working day and night to help companies take rapid-decisions by finding.
• Covid Impact on Algae Products Market, growth/decline in product type/use cases of Algae Products Market due to cascaded impact of Covid on Extended Ecosystem..
• How top 50 companies in Algae Products Market are making rapid shifts in their strategies as we speak here…
• Outside-in view of top 50 companies client and client’s clients shifting short-term priorities
Let’s fight this crisis together.
For more information get connected with our analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=250538721
The key market players adopted various growth strategies such as acquisitions & mergers, expansions & investments, and new product launches in order to cater to the increasing demand for algae products and expand their business.
The companies in this market focus on increasing their research & development expenditure to develop new algae products with better food-grade quality; the companies also focus on expanding their manufacturing capacities by increasing production capacities of existing plants or by establishing new production plants.
The core strengths of the key players in this market are expansions and investments, which help to increase their presence in the algae products market. The companies are investing in new technologies to create nutrient-fortified algae ingredients to match the requirements of food and nutraceutical ingredients manufacturers. Companies such as Cargill (US), Cyanotech Corporation (US), and Fenchem Biotek (China) are expanding their production facilities.
Companies such as Kerry (Ireland) are expanding its operations in Dubai, UAE, by opening a New Regional Development & Application Center.
Cargill (US) has been one of the major players in the global algae products market. It offers algae products in Europe, Africa, the Middle East, Asia, and the Americas. In September 2013, as an expansion strategy, Cargill upgraded and expanded its alginate business in France. The main objective of this expansion was to provide a sustainable supply of high-quality alginates for the food and pharmaceutical markets.
Cyanotech Corporation (US) strengthened its position in the algae products market, mainly through expansion. In 2015, Cyanotech installed a new astaxanthin extraction system in Hawaii, US to meet the increasing demand for astaxanthin products.
• Multi-Industry Coverage
• Growth in Consumer Awareness Regarding the Health Benefits of Algae-Based Products
• Alternate Food Source and Food Ingredient
• Impact of Climatic Conditions on Algae Production
• Government and Private Initiatives to Support Research & Development in Algaculture
• Growth in Demand for Natural Ingredients By Consumers
• Easy Cultivation of Algae
• High Processing Cost
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=250538721
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Sanjay Gupta
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441