Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Algae Products Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Algae Products Market Grow Between 2024 and 2025?
The Algae Products Global Market Report 2025 shows a robust growth trend. The market size expanded from $14.03 billion in 2024 to an expected $15 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%.
How Much Will the Algae Products Market Be Worth in 2029?
The Algae Products Global Market is projected to reach a size of $21.64 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.6%.
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Which Algae Products Market Drivers Are Linked to Revenue Growth?
The key drivers in the algae products market are:
• Climate change mitigation efforts are driving growth
• Increasing demand for algae in aquaculture and animal feed sectors
• Rising popularity of plant-based foods and algae as a sustainable protein source
• Growth of biofuels, renewable energy, and circular economy initiatives.
Which Segments Are Expected to Grow in the Algae Products Market?
The algae productsmarket covered in this report is segmented –
1) By Type: Lipids, Carrageenan, Carotenoids, Alginate, Algal Protein
2) By Form: Liquid, Solid
3) By Source: Blue-Green Algae, Brown Algae, Green Algae, Red Algae
4) By Distribution Channel: Online, Offline
5) By Application: Food and Beverage, Nutraceutical and Diet Supplement, Animal Feed, Personal Care, Pharmaceutical, Other Applications
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What Are The Key Trends Impacting Growth In The Global Algae Products Market?
The key trends in the algae products market are:
• The plant-based food trend is revolutionizing the algae products market.
• The use of algae as a sustainable source of protein is gaining momentum.
• The incorporation of marine ingredients from algae into cosmetics is emerging as a prominent trend.
• Advancements in biotechnology and carbon sequestration applications are playing a significant role in shaping the market's future.
Who Are the Key Competitors in the Global Algae Products Market?
Major players in the algae products market are:
• BASF SE
• Cargill Inc.
• E. I. du Pont de Nemours and Company
• DSM Nutritional Products AG
• East India Distilleries & Parry Limited
• Cellana Inc.
• BlueBioTech International GmbH
• Corbion NV
• Earthrise Nutritionals LLC
• Cyanotech Corporation
• AlgaeCan Biotech Ltd.
• Bioprocess Algae LLC
• Algenol Biofuels Inc.
• Euglena Co. Ltd.
• Kerry Group plc
• DIC Corporation
• CP Kelco ApS
• Algae Systems LLC
• Acadian Seaplants Limited
• Wild Irish Seaweeds Ltd.
• Beijing Leili Marine Bioindustry Inc.
• Archer Daniels Midland Company
• ACCEL Carrageenan Corporation
• Koninklijke DSM N.V.
• International Flavors & Fragrances Inc.
• Algae Bio-Tech India (P) Ltd.
• Algaen Corp
• Algaeventure Systems (AVS)
• Algaetech International
• Algarithm Ingredients Inc.
• Algix LLC
Where Is the Algae Products Market Growing Fastest Between 2025 and 2029?
North America was the largest region in the algae products market in 2024
