Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Algae Based Ingredients Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Algae Based Ingredients Market Growth?
The algae based ingredients market size has grown strongly in recent years. It will grow from $4.04 billion in 2024 to $4.29 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to growing demand environmental sustainability, demand from cosmetic and personal care industry, government initiatives, consumer awareness.
What Is the Predicted Industry Size and CAGR of the Algae Based Ingredients Market in 2029?
The algae based ingredients market is projected to reach a size of $5.77 billion by 2029, with a compound annual growth rate (CAGR) of 7.7%.
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Which Factors Are Driving Growth in the Algae Based Ingredients Market?
The key drivers in the algae based ingredients market are:
• Rising demand for functional foods
• Utilization of algae-based ingredients for their high nutritional value
• Integration of essential nutrients like omega-3 fatty acids, antioxidants, vitamins and minerals in food products
• Increasing consumption of nutraceuticals
Which Segment Trends Are Covered in the Algae Based Ingredients Market Forecast?
The algae based ingredientsmarket covered in this report is segmented –
1) By Ingredients: Carrageenan: Alginates, Algae Protein, Beta Carotene, Algae Oil, Agar, Other Ingredients
2) By Source: Red Algae, Green Algae, Brown Algae, Other Sources
3) By Form: Liquid, Dry
4) By Application: Food And Beverages, Personal Care, Nutraceuticals, Pharmaceuticals, Animal Feed, Other Applications
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What Are the Current Market Trends in the Algae Based Ingredients Industry?
The key trends in the algae based ingredients market are:
• The shift towards natural and sustainable cosmetic products is a significant trend in the algae-based ingredients market.
• Major companies are incorporating algae extracts into cosmetics to enhance their natural appeal.
• The use of sustainably sourced algae-derived ingredients as alternatives to non-renewable resources is becoming increasingly popular.
• The market is responding to growing consumer demand for environmentally friendly components in cosmetic and personal care products.
Who are the Key Companies in the Algae Based Ingredients Market?
Major players in the algae based ingredients market are:
• Cargill Inc.
• Corbion N.V.
• CP Kelco U.S. Inc.
• Bioriginal Food & Science Corp.
• Cynotech Corporation
• Algenol Biofuels Inc.
• Earthrise Nutritionals LLC
• Algenol Biotech
• Provectus Algae
• Hispanagar SA
• TerraVia Holdings Inc.
• AEP Colloids Inc.
• Algae Systems LLC
• AlgaEnergy S.A.
• AlgaeCan Biotech Ltd.
• Algatechnologies Ltd.
• Algaetech International Sdn Bhd
• Henan Gino Biotechnology Co. Ltd.
• Manta Biofuel LLC
• B&V srl
• Taiwan Chlorella Manufacturing Company Limited
• LUS Health Ingredients B.V.
• Roquette Klötze GmbH & Co. KG
• Triton Algae Innovations Ltd.
• AlgaeCytes Ltd.
• Sophie's Bionutrients Pte. Ltd.
• AgarGel Industria e Comercio Ltda.
What are the Regional Trends Across the Algae Based Ingredients Market?
North America was the largest region in the algae-based ingredients market in 2024
