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Fior Markets  launched a study titled “Global Algae Products Market by Type (Lipids, Carrageenan, Carotenoids, Alginate, Algal Protein, Others), Form (Solid, Liquid), Source, Application, Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.

The global algae products market is expected to grow from USD 3,207.2 Million in 2017 to USD 5,383.9 Million by 2025 at a CAGR of 6.7% during the forecast period from 2018-2025. Adoption of algae for production of livestock for aquaculture species and increasingconsumer awareness related to the health benefits of algae-based products are two key derivatives for the growth of the market.

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Lipidsegmentis dominating the market with the highest share of 29.60% in 2017

Type segment is divided into segments such as a lipids, carrageenan, carotenoids, alginate, algal protein and others. The lipid segment is dominating the market in 2017.Various type of lipids are omega-3, omega-6, and omega-9. They are a vital form of dietary fats that impart a wide range of health benefits and are derived from algae.

The brown algae segment valued around USD 1,228.35 Million in 2017

The source segment includes brown algae, blue-green algae, red algae, green algae and others. The brown algae segment is dominating the market in 2017. These brown seaweeds are used to produce high-grade alginate.

The food & beverages segmentheld the market share of30.33% in 2017

The application segment includes food & beverages, nutraceuticals& dietary supplements, personal care, feed, pharmaceuticals and others. The food & beverages segment is dominating the algae products market in 2017. Algae are vital food additives in convenience food products such as soups, cakes, pastry, bread, gravies, and snacks, as it helps to improve the food quality, texture, and taste, as well as enhance nutrition.

Solid segmentheld the market share of 63.10% in 2017

The form segment is classified into solid and liquid. The solid segment is dominating in 2017. The convenience in storage and problems associated with handling liquid algae products are the major factors driving the demand for solid ingredients, and subsequently, the growth of the algae products market.

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Regional Segmentation Analysis:

The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America held the largest market share of approximately40.20% in 2017.TheNorth America region is dominating region because of the growing aging population, rising healthcare awareness and rising incidences of health allergies which have all contributed to the growth of the nutraceutical industry, thereby contributing to the growth of the algae products market in the region

Competitive Analysis:

The major players ofmarketinclude BASF,Ingredion,Roquette Frères,FenchemBiotek, Corbion,Kerry, E.I.D Parry, DowDuPont, DSM, euglena Co., Ltd., Algae Systems LLC., Cyanotech Corporation, Cargill, Incorporated, Algenol Biofuels Inc., BIOPROCESS ALGAE, LLC, Algatechnologies, Cellana Inc., CP Kelco, and Earthrise Nutritional

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