Edible Algae Market - Insights by Credence Research

Some of the major players in the market are Acadian Sea plants Ltd., North American Kelp, Ocean Organics Corp, Vitamin Sea Seaweed Co., Mendocino Sea Vegetable Company, Dulse & Rugosa and Irish Seaweeds.

The latest market report published by Credence Research, Inc.?is “Global Edible Algae Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”.?The?Global Edible Algae Market generated revenue of around USD () billion in 2021 and is anticipated to grow a CAGR of over ()% during the forecast period from 2022 to 2028 to reach around USD () billion in 2028.?

The growing pharmaceutical industry of algae for the production of antiviral drugs, neuroprotective products and antifungal drugs is expected to drive the edible algae market. The main drivers are the steady growth of the global population and increasing demand for food products. The growing use of algae in livestock, poultry and aquaculture is helping to grow the market. This can be seen in the fact that algae fuels are liquid fossil fuels used as an energy-rich source of oil. Algae also makes a good biofuel, such as corn or sugarcane. These factors will help drive the growth of the edible algae market during the forecast period.

The global edible algae market is bifurcated into Product Type, Form Type, End-Use, Sales Channel, and Geography. Based on Product Type, the market is categorized into red algae, brown algae, and brown algae. Based on form type, the global market is segmented into liquid and dried. Based on end-use, the global market is segmented into pharmaceutical, food & beverage, chemical, and other. Based on sales channels, the global market is segmented into supermarkets and hypermarkets, e-commerce, convenience stores, and others. Based on geography, the market is segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

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In 2021, Asia-Pacific holds the highest share in the global edible algae market. Due to increasing consumer awareness, high consumption of edible algae products, food products and functional foods are being consumed in emerging countries such as India and China. India and China have focused on research and development projects in algae products to control pollution and stimulate market growth. In addition, the growing demand for nutritional products and the pharmaceutical industry is driving the growth of the edible algae market in the Asia-Pacific region.??

Why to Buy This Report-

• The report provides a qualitative and quantitative analysis of the global edible algae market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
• The report provides an overview of the competitive landscape, including how the key players are operating at a global, regional, and country level.
• In-depth analysis of the global edible algae market segmentation based on product type, form type, end use, and sales channel.
• Major countries in each region with their import/export statistics
• The Global Algae Market report contains a summary of the global, regional and country-level analysis along with key market trends, significant players analysis and market growth strategies.