Global Microalgae-Based Products Market: Overview
The demand within the global market for microalgae-based products has been rising on account of key advancements in the food and beverages industry. Extracted via a range of techniques and methods, microalgae are found in marine environments and are extremely useful for a number of processes pertaining to the food as well as aquaculture industries. Microalgae is amongst those class of products that are found in dense marine environments as well as in fresh water resources. In aquaculture, microalgae-based products are used as feed for aquatic life, and this is a key reason behind the growth of the global market for microalgae-based products. Microalgae is also a key source of several nutrients which has further led to the popularity of the global market for microalgae-based products in recent times. Anti-oxidants, fatty acids, and pigments are some of the key components of microalgae, and all of the aforementioned component hold value in multiple industries. The nutritional benefits imparted by microalgae-based products are believed to be the key driver of their demand in the food industry.
The global microalgae-based products market can be segmented on the basis of the following criteria: product type, application, sales channel, and region. It is important to verse with the aforementioned segments in order to understand the specifics of the global microalgae-based product market.
A report by Transparency Market Research (TMR) on the global microalgae-based products market is a succinct representation of various forces that have aided market growth. In order to give a broad purview of this market, the report has been divided into major segments covering the various standpoints such as market trends, regional dynamics, key opportunities, and growth rate amongst others.
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Global Microalgae-Based Products Market: Trends and Opportunities
The demand within the global microalgae-based products market has been rising on account of key developments on the front of extraction of microalgae. The technological stimulus that has lately come to the fore across the world has eased the task of fetching microalgae from dense marine environments. Furthermore, the scientific innovations with regards to the use of microalgae have found way for new types of microalgae-based products, and this has propelled demand within the global market. The agri-food industry has been gaining popularity across the world, and the relevance of microalgae-based products in the former has been a key standpoint for growth within this market. Besides this, the high fibre and protein content in microalgae-based products has also emerged as a key reason behind the growth of this market in recent times. Strict regulations imposed by food inspection authorities coupled with adverse weather conditions could act as a barrier to the growth of the global market for microalgae-based products.
Global Microalgae-Based Products Market: Regional Outlook
On the basis of geography, the demand within the microalgae-based products market in Europe has been rising due to the knowledge of viable ways of procuring microalgae in the region. Furthermore, the popularity microalgae-based products in several EU nations have also propelled demand within the global market. The market for microalgae-based products in North America has expanded on account of the high demand for carbohydrate-rich foods in the US and Canada.
Global Microalgae-Based Products Market: Competitive Landscape
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Some of the key players in the global microalgae-based products market are TerraVia Holdings, Inc., Cellana, LLC, E.I.D.- Parry (India) Limited, and Fuqing King Dnarmsa Spirulina Co. Ltd.
Global Microalgae-Based Products Market: Based on Product Type Spirulina Chlorella Dunaliella Salina
Global Microalgae-Based Products Market: Based on Application Food and Feed Industry Pharmaceutical Industry Cosmetics Industry Chemical Industry
Global Microalgae-Based Products Market: Based on Sales Channel Hyper Market/Super Market Retail Stores Online Sales
Global Microalgae-Based Products Market: Based on Geography North America Latin America The Middle East and Africa Europe Asia Pacific
This report gives access to decisive data, such as: Market growth drivers Factors limiting market growth Current market trends Market structure Market projections for the coming years
Key highlights of this report include: Overview of key market forces propelling and restraining market growth Up-to-date analyses of market trends and technological improvements Pin-point analyses of market competition dynamics to offer you a competitive edge An analysis of strategies of major competitors An array of graphics and SWOT analysis of major industry segments Detailed analyses of industry trends A well-defined technological growth map with an impact-analysis Offers a clear understanding of the competitive landscape and key product segments
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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