QYR Market Research Global Algae Products market research | Page 5

QYResearch
• The algae products industry is developing fast in last five years. The
global production increased from 24580.7 K MT in 2013 to 28073.1 K
MT in 2017, with the CAGR of 3.38%.
• For aquaculture environment factor, this industry is distributed around
coastline. As a result, China is the largest production base. As for the
consumption region, China is also the largest consumer of algae
products. In 2017, China consumed 11338.0 K MT algae products.
Indonesia is the follower with about 20% consumption share.
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