Published by Coherent Market Insights
Posted on October 1, 2021
Algae are photosynthetic eukaryotic organisms that grow in aquatic climates and use light and carbon dioxide (CO2) in order to create biomass. The market demand is continuously growing for macro algae and micro algae food, owing to the functional benefits beyond the traditional considerations of health and nutrition. Furthermore, algae has the ability to offer higher oil yield as compared to biofuel feedstock containing sorghum, corn Stover, beet, and corn. Thus, creating immense opportunities for growth of the global algae market. Growing research and development activities among manufacturers is expected to fuel the market growth. Increasing demand for reliable, sustainable, and low-cost sources of energy to ease the petroleum supply chain and to meet the increasing demand from aviation and automotive sector are major factors expected to drive growth of the global algae market during the forecast period.
Moreover, the demand for algae in the plastic industry to manufacture biodegradable plastic, is another factor boosting the market growth. Increasing use of algae in various applications such as food & beverages, pharmaceutical, nutraceutical, cosmetics, fertilizer, and others is projected to propel the demand for algae over the forecast period.
Top Key Players in Algae market: Cyanotech, Corporation, Dic, Corporation, Corbion, N.V, Valagro, Spa, Far, East, Microalgae, Industries, Co., Ltd., Beijing, Gingko, Group, Heliae, Development, Llc, Pond, Technologies, Holdings, Inc., Algaetech, International, Sdn, Bhd, Fuqing, King, Dnarmsa, Spirulina, Co., Ltd., Sun, Chlorella, Corporation, and, Ecoduna, Ag.
Regional Analysis For Algae Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Algae market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Algae extraction and production involves high-cost equipment and expensive techniques. High investments in R&D for improving the production techniques to reduce cost by the government and companies is expected to serve as a major opportunity for the market.
The U.S. Department of Energy (DOE) encourages the production of fuels to blend stocks derived from biomass. This feed stock is applied in fundamental research that advances biomass conversion, production, and sustainability. For instance, the National Renewable Energy Laboratory (NREL) investigates economic production of these fuels, which includes technologies such as algal biomass systems and terrestrial biomass.
Furthermore, companies are adopting various strategies such as mergers & acquisitions and product developments, in order to expand the company business, and retain their position in the competitive business environment. For instance, in June 2017, ExxonMobil announced company merger with Synthetic Genomics Inc. to expand the company research into developing advanced biofuels including modification of an algae strain, which doubled its oil content from 20.0% to over 40.0%, inhibiting strain’s growth.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Algae market size analysis by development history and growth status appeared first on Gatorledger.
Algae are photosynthetic eukaryotic organisms that grow in aquatic climates and use light and carbon dioxide (CO2) in order to create biomass. The market demand is continuously growing for macro algae and micro algae food, owing to the functional benefits beyond the traditional considerations of health and nutrition. Furthermore, algae has the ability to offer higher oil yield as compared to biofuel feedstock containing sorghum, corn Stover, beet, and corn. Thus, creating immense opportunities for growth of the global algae market. Growing research and development activities among manufacturers is expected to fuel the market growth. Increasing demand for reliable, sustainable, and low-cost sources of energy to ease the petroleum supply chain and to meet the increasing demand from aviation and automotive sector are major factors expected to drive growth of the global algae market during the forecast period.
Moreover, the demand for algae in the plastic industry to manufacture biodegradable plastic, is another factor boosting the market growth. Increasing use of algae in various applications such as food & beverages, pharmaceutical, nutraceutical, cosmetics, fertilizer, and others is projected to propel the demand for algae over the forecast period.
Top Key Players in Algae market: Cyanotech, Corporation, Dic, Corporation, Corbion, N.V, Valagro, Spa, Far, East, Microalgae, Industries, Co., Ltd., Beijing, Gingko, Group, Heliae, Development, Llc, Pond, Technologies, Holdings, Inc., Algaetech, International, Sdn, Bhd, Fuqing, King, Dnarmsa, Spirulina, Co., Ltd., Sun, Chlorella, Corporation, and, Ecoduna, Ag.
Regional Analysis For Algae Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Algae market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Algae extraction and production involves high-cost equipment and expensive techniques. High investments in R&D for improving the production techniques to reduce cost by the government and companies is expected to serve as a major opportunity for the market.
The U.S. Department of Energy (DOE) encourages the production of fuels to blend stocks derived from biomass. This feed stock is applied in fundamental research that advances biomass conversion, production, and sustainability. For instance, the National Renewable Energy Laboratory (NREL) investigates economic production of these fuels, which includes technologies such as algal biomass systems and terrestrial biomass.
Furthermore, companies are adopting various strategies such as mergers & acquisitions and product developments, in order to expand the company business, and retain their position in the competitive business environment. For instance, in June 2017, ExxonMobil announced company merger with Synthetic Genomics Inc. to expand the company research into developing advanced biofuels including modification of an algae strain, which doubled its oil content from 20.0% to over 40.0%, inhibiting strain’s growth.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Algae market size analysis by development history and growth status appeared first on Gatorledger.
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