Algae are aquatic organisms which have the capability to conduct photosynthesis. Algal extracts are commonly used in preparing foods and other products. Also, direct consumption of algae has existed for centuries in the diets of East Asian and Pacific Island cultures. Algae, as processed and unprocessed food, have a significant annual commercial value. Market Industry Reports (MIR) has published a new report titled “Algae Products Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the Global Algae Products Market is estimated to be over US$ 4.1 billion in 2019. It is anticipated to grow at 5.2% of CAGR from 2019 to 2030.
The boom in the algae products market is attributed to factors such as benefits of algae over conventional crops such as fast growth of algae helps in the extraction of more yields of proteins and oils. Thus, algae are harvested and used in nutrition Worldwide. For instance, dried Spirulina biomass contains about 68% of biomass present proteins, which is a threefold higher content than in beef. Also, algae have high fibre contents, thus agar, alginates and carrageenans are economically the most important products from algae, which are widely used in the food industry as gelling or thickening agents in marmalade, ice-creams, jellies, etc. Algae also have a high source of vitamins and minerals and are used in nutritional supplements. Rising demand for fuel in everyday use is giving rise to need for developing renewable energy source, algal biomass is used in the biofuel production owing to the benefits of algae such as the ability to grow throughout the year with minimum use of water and no requirement of pesticides and fertilizers.
Major Key Players of the Algae Products Market are:
DSM, BASF, Cyanotech Corporation, Cargill, Dowdupont, Kerry, Ingredion, CP Kelco, Corbion, Roquette Frères and others.
DSM, BASF, Cyanotech Corporation, Cargill, Dowdupont, Kerry, Ingredion, CP Kelco, Corbion, Roquette Frères and others.
No comments:
Post a Comment