The Global Market for Algae Oil (2018-2023) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 20, 2018--The “Algae Oil Market - Forecasts From 2018 to 2023” report has been added to ResearchAndMarkets.com’s offering.
Algae Oil market is projected to grow at a CAGR of 3.85% to reach US$2.034 billion by 2023, from US$1.621 billion in 2017.
Growing usage of algae oil in food and beverage industry is one of the major driving factors for the growth of global algae oil market. Rising health awareness and shift towards nutritional vegan diet is also fuelling the demand for algae oil.
Rising use of biofuels to reduce carbon footprint is further boosting the demand for algae oil across the energy sector.
However, high price of algae oil is currently hindering its market growth.
Geographically, North America will witness a significant market growth on account of high disposable incomes and awareness regarding the benefits of consuming algae oil.
Major industry players profiled as part of the report are Cellana Inc., Corbion Biotech, Inc., Goerlich Pharma GmbH, Polaris, and Algaecytes among others.
Key Topics Covered
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. ALGAE OIL MARKET BY GRADE
5.1. Food Grade
5.2. Feed Grade
5.3. Fuel Grade
6. ALGAE OIL MARKET BY APPLICATION
6.1. Food and Beverage
6.2. Animal Feed
6.4. Dietary Supplements
7. ALGAE OIL MARKET BY GEOGRAPHY
7.1. North America
7.2. South America
7.4. Middle East and Africa
7.5. Asia Pacific
8. COMPETITIVE INTELLIGENCE
8.1. Market Share Analysis
8.2. Recent Investment and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. Cellana Inc.
9.2. Corbion Biotech Inc.
9.3. Goerlich Pharma GmbH
9.7. Archer Daniels Midland Company
9.9. Martek BioSciences
9.10. Ocean Nutrition Canada
For more information about this report visit https://www.researchandmarkets.com/research/sspmww/the_global_market?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181220005824/en/
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Related Topics:Oils and Fats
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/20/2018 03:04 PM/DISC: 12/20/2018 03:04 PM