Market Research Future (Food and Beverages) Algae Products Market Research Report- Forecast | Page 4

Algae Products Market Research Report- Forecast till 2023
3 Sample Pages
Segments
Algae products are segmented on the basis of the source, which includes macro-algae, micro-algae, and others.
The macro-algae segment is dominating the market. The macro-algae are cheap and involve less cost in growing.
Furthermore, extraction of phyto-ingredients from macro-algae is relatively simple than micro-algae. However, micro-
algae products are used in the nutraceuticals industry for the production of various products such as supplements
and energy drinks, which is expected to grow rapidly during the forecasted period.On the basis of product application,
the algae products market is segmented in food supplements, feed supplements, nutraceuticals, pharmaceuticals,
pollution control, paints and colorants and others. The nutraceuticals are dominating the market because of rising
health awareness. However, the demand for food supplements is expected to experience a high growth owing to
health benefits associated with the consumption of algae products.
On the basis of the distribution channel, the market is segmented into store-based and non-store based distribution
channel. However, the store-based distribution channel is dominating the market based on one-stop shopping
experience.
Key Findings:
The demand for algae products is increasing from nutraceuticals industry
Aquaculture segment has massive opportunity
Biofuels made from algae has potential for better alternative to conventional energy
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