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Global Red Algae Market: By Type: Freshwater Red Algae, Marine Red Algae, Calcified Red Algae; By Form: Powdered, Liquid; By Application: Food and Beverages, Animal Feed, Pharmaceuticals, Cosmetics and Personal Care; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Global Red Algae Market Outlook

The global red algae market is being aided by the growth of the overall algae products market, which is expected to grow at a CAGR of 4.5% in the forecast period of 2021-2026.

 

Europe and North America to be Significant Regional Markets for Red Algae

The global red algae industry is being aided by the market growth in Europe and North America. Europe has one of the highest productions and consumptions of red algae, followed by the United States, Japan, Korea, and China. North America, meanwhile, accounts for one of the largest market shares of algae products due to the rise in health-conscious consumers owing to the rising incidences of diseases and conditions, including diabetes and high blood pressure. The high demand for plant-derived protein has also boosted the market for algae products in North America. The Asia Pacific, on the other hand, is projected to have one of the fastest growths in the global demand for algae products in the coming years. The region is expected to see growth due to an increase in population, an increase in the demand for food cultivation, an increase in health awareness, and an increase in disposable incomes.

 

Red Algae: Industry Definition and Segmentation

Red algae or Rhodophyta is a unique type of species that is mainly found in the freshwater lakes, which are the oldest type of eukaryotic algae. It is red due to the presence of a pigment called phycoerythrin, which reflects red light and absorbs blue light. Red algae are high in vitamins, minerals, and antioxidants that are easily used by the human body. The advantages of red algae are that it encourages good circulation in the body, regulates blood sugar levels, and reduces cholesterol levels because it has a high concentration of dietary fibre. It is also a rich source of magnesium and calcium that contributes to bone health. It is also filled with antioxidants that help strengthen the immune system and nourish the skin.

The type of the product can be divided as follows:

  • Freshwater Red Algae
  • Marine Red Algae
  • Calcified Red Algae

The forms of the product include the following:

  • Powdered
  • Liquid

Red algae find wide applications in the following segments:

The regional markets for red algae can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Awareness of the Health Benefits of the Product are Bolstering the Market Growth of Red Algae

The demand for red algae is rising steadily due to its nutritional and health benefits. Red algae are the most preferred dietary supplement for consumers pursuing weight loss diets, which is, thus, driving the demand, which is also expected to increase in the forecast period. Red algae contain a high amount of protein, fibre, and minerals due to which producers towards the product to be added as an ingredient in a variety of products. In addition, several researchers have established red algae as the largest source of vitamins in the world. It helps to strengthen the immune system by enhancing the role of the leukocytes. It also activates interferon, a protein that protects the body from viruses. Red algae have also been shown to treat urinary tract infections, asthma, skin conditions, digestive disorders, obesity, and high cholesterol levels. Due to all these health benefits, the demand for red algae is projected to rise at a higher level in the forecast period.

 

Key Industry Players in the Global Red Algae Market

The report gives a detailed analysis of the following key players in the global red algae market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Cargill, Incorporated
  • SIMRIS ALG AB
  • AlgaeCan Biotech Ltd.
  • Cyanotech Corporation
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Red Algae Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Red Algae Historical Market (2016-2026) 
    8.3    Global Red Algae Market Forecast (2021-2026)
    8.4    Global Red Algae Market by Type
        8.4.1    Freshwater Red Algae
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Marine Red Algae
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Calcified Red Algae
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global Red Algae Market by Form
        8.5.1    Powdered
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Liquid
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Red Algae Market by Application
        8.6.1    Food and Beverages
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Animal Feed
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Pharmaceuticals
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Cosmetics and Personal Care
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    Others
    8.7    Global Red Algae Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Cargill, Incorporated
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    SIMRIS ALG AB
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    AlgaeCan Biotech Ltd.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Cyanotech Corporation
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Others
13    Industry Events and Developments

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operations Involved
2    Project Requirements and Cost Analysis
    2.1    Land, Location, and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Raw Materials
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investments

 

List of Figures and Tables

1.    Global Red Algae Market: Key Industry Highlights, 2016 and 2026
2.    Global Red Algae Historical Market: Breakup by Type (USD Billion), 2016-2020
3.    Global Red Algae Market Forecast: Breakup by Type (USD Billion), 2021-2026
4.    Global Red Algae Historical Market: Breakup by Form (USD Billion), 2016-2020
5.    Global Red Algae Market Forecast: Breakup by Form (USD Billion), 2021-2026
6.    Global Red Algae Historical Market: Breakup by Application (USD Billion), 2016-2020
7.    Global Red Algae Market Forecast: Breakup by Application (USD Billion), 2021-2026
8.    Global Red Algae Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Red Algae Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Red Algae Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Red Algae Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Red Algae Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Red Algae Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Red Algae Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Red Algae Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Red Algae Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Red Algae Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Red Algae Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Red Algae Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Global Red Algae Market Structure

Key Questions Answered in the Report

The global red algae market is being aided by the growing algae products market, which projected to grow at a CAGR of 4.5% between 2021 and 2026.

The growth of the market is being driven by the rising population, growing disposable income, and the rising demand from the healthcare industry.

The rising awareness among consumers about the nutritional benefits of the product acts as an important industry trend.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading types of red algae in the market are freshwater red algae, marine red algae, and calcified red algae.

The major forms of red algae in the industry are powdered and liquid.

The significant application segments in the market are food and beverages, animal feed, pharmaceuticals, and cosmetics and personal care, among others.

The major players in the industry are Cargill, Incorporated, SIMRIS ALG AB, AlgaeCan Biotech Ltd., and Cyanotech Corporation, among others.

Analyst Review

The global red algae market is being driven by the rising algae products market. Aided by the growing demand from the healthcare industry, the algae products market is expected to witness a moderate growth in the forecast period of 2021-2026, growing at a CAGR of 4.5%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is segmented into freshwater red algae, marine red algae, and calcified red algae. By form, the industry is bifurcated into powdered and liquid. On the basis of application, the market is divided into food and beverages, animal feed, pharmaceuticals, and cosmetics and personal care, among others. The major regional markets for red algae are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Cargill, Incorporated, SIMRIS ALG AB, AlgaeCan Biotech Ltd., and Cyanotech Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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