Algae are simple plants that can range from the microscopic (microalgae), to large seaweeds (macroalgae), such as giant kelp more than one hundred feet in length. Microalgae include both cyanobacteria, (similar to bacteria, and formerly called \"blue-green algae\") as well as green, brown and red algae. (There are more varieties of microalgae, but these are the main ones.)
Algae can be grown using water resources such as brackish-, sea-, and wastewater unsuitable for cultivating agricultural crops. When using wastewater, such as municipal, animal and even some industrial runoff, they can help in its treatment and purification, while benefiting from using the nutrients present.
Algae are very diverse and found almost everywhere on the planet. They play an important role in many ecosystems, including providing the foundation for the aquatic food chains supporting all fisheries in the oceans and inland, as well as producing about 70 percent of all the air we breathe.
Global Algae market size will increase to 970 Million US$ by 2026, from 590 Million US$ in 2020, at a CAGR of 6.4% during the forecast period. In this study, 2021 has been considered as the base year and 2021 to 2026 as the forecast period to estimate the market size for Algae.
This report covers the present status and the future prospects of the global Algae market for 2015-2026.
The report offers detailed coverage of Algae industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Algae by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Algae Tec, Pond Biofuels Incorporated, LiveFuels, Algae Systems, Sapphire Energy, Solazyme, Diversified Energy Corporation, Algenol, Kai BioEnergy, Algix, DSM Nutritional Products, Dao Energy, Phycal, Kent BioEnergy Corporation
Market Segment as follows:
Market by Order Type
Open Ponds Cultivation
Raceway Ponds Cultivation
Closed Photo bioreactor Cultivation
Closed Fermenter Systems Cultivation
Algae Breakdown Data by Application
Marine Sector
Aviation Sector
Road Transport
DHA Production (Protein Sales)
DHA Production (Pharmaceutical Applications)
Bioplastics
Other
Algae Production market while maintaining their competitive edge over their competitors. The report offers detailed and crucial information to understand the overall market scenario.
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Algae market for the forecast period 2021 - 2026?
• What are the driving forces in the Algae market for the forecast period 2021 - 2026?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Algae industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.