An exclusive market study published by Fact.MR on the Algae Supplements market offers insights related to how the market is projected to grow over the forecast period (2019-2029). The objective of the report is to enable our readers to understand the various aspects of the Algae Supplements market and assist them to formulate impactful business strategies. Furthermore, the different factors that are expected to influence the current and future dynamics of the Algae Supplements market are discussed in the presented study.
According to the report, the Algae Supplements market is set to reach a market value of ~US$ XX by the end of 2029 and register a CAGR growth of ~XX% during the assessment period. The report offers an in-depth understanding of the Algae Supplements supply chain, value, and volume chain across the various regional markets.
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Important Insights Enclosed in the Report:
- Technological developments within the Algae Supplements market sphere
- Growth prospects for new market players across different regions
- Company profiles of leading players in the Algae Supplements market
- Up-to-date insights related to the key success factors impacting the growth of the Algae Supplements market
- Recent mergers, acquisitions, partnerships, and strategic alliances
The published report provides a deep understanding of the Algae Supplements market by segregating the market into different segments such as region, application, and end-use industry.
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Algae Supplements Market Segmentation
The regional analysis of the Algae Supplements market dives deep to understand the market scenario in different regions. The market size, share, and value of each regional market is analyzed and presented in the report along with informative tables and figures.
The report offers a clear picture of how the Algae Supplements is utilized in various applications. The different applications covered in the report include:
By End-Use Industry
The end-use industry assessment throws light on the consumption of the Algae Supplements across various end-use industries including:
- In 2018, Nature’s Way signed a definitive agreement with Natural Products Canada, to collectively tap opportunities in Canada for sales of innovative, natural health-benefitting products. This partnership is aimed at meeting consumer demand for natural products, a category that is witnessing robust demand in the region. These two companies will invest in the pre-mature Canadian companies offering natural products, including nutritional supplements, dietary ingredients, and functional foods.
- In 2016, Parry Nutraceuticals, a division of the E.I.D. – Parry (India) Limited, received the approval from US FDA for its India-based facility for microalgae cultivation & processing. Parry Nutraceuticals also confirmed that it is raising the bar of its product development efforts with an objective of meeting the consumer demand for value-added microalgae-based products.
- In 2018, AlgaEnergy- a leading player in the algae supplements market and Yokogawa Electric Corporation made an official announcement of a strategic partnership and equity participation agreement among the parties. The strategic agreement encompasses an investment of approximately 10 million euro by Yokogawa, with an objective to acquire the newly issued shares of AlgaEnergy, thereby making the company a reference shareholder.
Koninklijke DSM N.V.
Founded in 1902, Koninklijke DSM N.V. is based in Heerlen, Netherlands. The company offers multiple products in the fields of nutrition, materials, and health and ranks among one of the leading purpose-led company in the field of animal & human nutrition.
Founded in 1990, Doctor's Best, Inc. is based in Irvine, California. The company offers a wide-range of products in the dietary and nutritional supplements segment. With an offering of over 200 products, the company manufactures and distributes its products in the US and overseas.
Founded in 1968, Now Foods is based in Bloomingdale, United States. The company offers a broad portfolio of natural & organic products, including supplements and packaged foods. The company has achieved various awards and several recognitions for its product offerings.
Chlorella Supply Co., Ltd.
Founded in 1992, Chlorella Supply Co., Ltd. is based in Izumo, Japan. The company is a subsidiary of the Daesang Corporation and offers a wide-range of chlorella-based nutritional healthcare supplements. Algae-based products account for a significant pie of the company’s overall revenue share.
Founded in 1983, the Cyanotech Corporation is headquartered in Kailua-Kona, Hawaii. The company actively engages in the cultivation, followed by development and sales, of natural solutions derived from microalgae meant for nutrition. The company is chiefly focused on development of Spirulina- and Astaxanthin- associated products.
Key players operating in the algae supplements market, as profiled in the report, include Fuqing King Dnarmsa Spirulina Co.,Ltd., DIC Corporation, Vitamin Discount Center, Herbal Terra, LLC, Algae Health Science, Kent BioEnergy Corporation, Algae Health Science, Holistic Herbal Solutions, LLC Pharmavite LLC, Taau Australia Pty Ltd., TerraVia Holdings, Inc., Nutress B.V., and others.
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Algae Supplements Market – Additional Insight
Algal Oil Supplements Gain Momentum as Ideal Vegetarian Sources of DHA and Omega-3 Fats
The diet of vegetarian and vegan population limits them in meeting the requirement for DHA and omega-3 fats, which are highly instrumental in maintaining a sound cognitive and cardiovascular health. Algal oil supplements are gaining centerstage as ideal sources of DHA and omega-3 fats. As the health benefits of omega-3 fatty acids and DHA have been well-researched & well-established, vegetarian consumers are showing high preference for algal oil supplements to include in their regular diets. In addition, multiple health benefits of algal oil supplements, such as benefits for eye health, cognitive well-being, and cardiovascular health, are further upholding the demand for algal oil supplements.
Algae Supplements Market – Research Methodology
Compelling insights and forecasts offered in the algae supplements market report are a result of an exhaustive research methodology. The research methodology for algae supplements market report involves two steps, primary and secondary research, which form the base of the insights presented in the algae supplements market report. The insights compiled in the algae supplements market report have been cross-verified by a team of in-house industry experts, in a bid to ensure unmatched accuracy and eliminate errors.
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Important queries addressed in the Algae Supplements market report:
- How will the evolving trends impact the growth of the Algae Supplements market over the forecast period?
- Which companies are currently dominating the Algae Supplements market in terms of market share?
- How can market players capitalize on the lucrative opportunities in Region 1?
- What is the projected growth rate of the Algae Supplements market in various regions during the forecast period?
- Is the current market scenario favorable for the growth of new market players?
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