The comprehensive report published by Fact.MR offers an in-depth intelligence related to the various factors that are likely to impact the demand, revenue generation, and sales of the Algae Supplements market. In addition, the report singles out the different parameters that are expected to influence the overall dynamics of the Algae Supplements market during the forecast period (2019-2029).
As per the findings of the presented study, the Algae Supplements market is poised to surpass the value of ~US$ XX by the end of 2029 growing at a CAGR of ~XX% over the assessment period. The report includes a thorough analysis of the upstream raw materials, supply-demand ratio of the Algae Supplements in different regions, import-export trends and more to provide readers a fair understanding of the global market scenario.
The report segregates the Algae Supplements market into different segments to provide a detailed understanding of the various aspects of the market.
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The competitive analysis of the Algae Supplements market includes valuable insights based on which, market players can formulate impactful growth strategies to enhance their presence in the Algae Supplements market.
The regional analysis section of the report throws light on the growth prospects of the Algae Supplements market in each region supported by relevant graphs, tables, and figures.
End-Use Industry Algae Supplements Adoption Analysis
The market study sheds light on the forecasted demand/consumption pattern for the Algae Supplements from different end-use industries over the forecast period.
- In 2018, Nature’s Way signed a definitive agreement with Natural Products Canada, to collectively tap opportunities in Canada for sales of innovative, natural health-benefitting products. This partnership is aimed at meeting consumer demand for natural products, a category that is witnessing robust demand in the region. These two companies will invest in the pre-mature Canadian companies offering natural products, including nutritional supplements, dietary ingredients, and functional foods.
- In 2016, Parry Nutraceuticals, a division of the E.I.D. – Parry (India) Limited, received the approval from US FDA for its India-based facility for microalgae cultivation & processing. Parry Nutraceuticals also confirmed that it is raising the bar of its product development efforts with an objective of meeting the consumer demand for value-added microalgae-based products.
- In 2018, AlgaEnergy- a leading player in the algae supplements market and Yokogawa Electric Corporation made an official announcement of a strategic partnership and equity participation agreement among the parties. The strategic agreement encompasses an investment of approximately 10 million euro by Yokogawa, with an objective to acquire the newly issued shares of AlgaEnergy, thereby making the company a reference shareholder.
Koninklijke DSM N.V.
Founded in 1902, Koninklijke DSM N.V. is based in Heerlen, Netherlands. The company offers multiple products in the fields of nutrition, materials, and health and ranks among one of the leading purpose-led company in the field of animal & human nutrition.
Founded in 1990, Doctor’s Best, Inc. is based in Irvine, California. The company offers a wide-range of products in the dietary and nutritional supplements segment. With an offering of over 200 products, the company manufactures and distributes its products in the US and overseas.
Founded in 1968, Now Foods is based in Bloomingdale, United States. The company offers a broad portfolio of natural & organic products, including supplements and packaged foods. The company has achieved various awards and several recognitions for its product offerings.
Chlorella Supply Co., Ltd.
Founded in 1992, Chlorella Supply Co., Ltd. is based in Izumo, Japan. The company is a subsidiary of the Daesang Corporation and offers a wide-range of chlorella-based nutritional healthcare supplements. Algae-based products account for a significant pie of the company’s overall revenue share.
Founded in 1983, the Cyanotech Corporation is headquartered in Kailua-Kona, Hawaii. The company actively engages in the cultivation, followed by development and sales, of natural solutions derived from microalgae meant for nutrition. The company is chiefly focused on development of Spirulina- and Astaxanthin- associated products.
Key players operating in the algae supplements market, as profiled in the report, include Fuqing King Dnarmsa Spirulina Co.,Ltd., DIC Corporation, Vitamin Discount Center, Herbal Terra, LLC, Algae Health Science, Kent BioEnergy Corporation, Algae Health Science, Holistic Herbal Solutions, LLC Pharmavite LLC, Taau Australia Pty Ltd., TerraVia Holdings, Inc., Nutress B.V., and others.
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Algae Supplements Market – Additional Insight
Algal Oil Supplements Gain Momentum as Ideal Vegetarian Sources of DHA and Omega-3 Fats
The diet of vegetarian and vegan population limits them in meeting the requirement for DHA and omega-3 fats, which are highly instrumental in maintaining a sound cognitive and cardiovascular health. Algal oil supplements are gaining centerstage as ideal sources of DHA and omega-3 fats. As the health benefits of omega-3 fatty acids and DHA have been well-researched & well-established, vegetarian consumers are showing high preference for algal oil supplements to include in their regular diets. In addition, multiple health benefits of algal oil supplements, such as benefits for eye health, cognitive well-being, and cardiovascular health, are further upholding the demand for algal oil supplements.
Algae Supplements Market – Research Methodology
Compelling insights and forecasts offered in the algae supplements market report are a result of an exhaustive research methodology. The research methodology for algae supplements market report involves two steps, primary and secondary research, which form the base of the insights presented in the algae supplements market report. The insights compiled in the algae supplements market report have been cross-verified by a team of in-house industry experts, in a bid to ensure unmatched accuracy and eliminate errors.
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Key findings of the report:
- Intricate assessment of the competitive landscape of the Algae Supplements market
- Country-specific analysis of the supply-demand ration for the Algae Supplements in different geographies
- Influence of technological advancements on the Algae Supplements market
- SWOT analysis of each company profiled in the report
- Y-o-Y growth projection for different market segments
The report aims to eliminate the following doubts related to the Algae Supplements market:
- Which market segment is projected to generate the maximum revenue during the forecast period?
- Which region is expected to present lucrative opportunities for market players?
- What are the most preferred sales and distribution channels in the Algae Supplements market?
- What are the potential roadblocks market players are likely to face during the forecast period?
- Which market player is expected to dominate the Algae Supplements market in terms of market share in 2019?
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