Market Research Future (Food and Beverages) Algae Products Market Research Report- Forecast | Page 3

Algae Products Market Research Report- Forecast till 2023
2 Market Overview
Algae is a group of organisms having potential of photosynthesis process. It converts carbon dioxide in the presence
of sunlight into proteins and fats which can be utilized as food and fuel. Algae products are food or feed formulations
prepared by macro or micro-algae. Commonly used algae in algae products comprise seaweed, kelp, chlorella, and
spirulina. Due to high nutrient excellence, algae products have a potential application in the food and feed
supplements, nutraceuticals, pharmaceuticals, and pollution control.
Algae products are rich in protein and contain essential amino acids, which help in boosting human metabolic process
like enzyme production. Also, high content of Omega-3 and Omega-6 fatty acids in algae products makes it a good
source of energy in food and feed. Thus, the demand for algae products is high from the food and feed industry.
Moreover, occurrence of key phyto-ingredients like beta-carotene, carotenoids, omega 3 fatty acids, and astaxanthin
in algae products with supplementing health benefits is experiencing a high demand from food supplement
manufacturers, pharmaceutical, and nutraceuticals industry. Furthermore, high demand for algae products in paints
and colorants industry is adding up the growth of algae products market.
Intended Audience:





Algae product manufacturers
Raw material suppliers
Retailers and wholesaler
E-commerce industry
Traders, importers, and exporters
Page | 3
Copyright © 2017 Market Research Future.