Algae Products Market Is Expected to Reach over Us$ 0.70 Bn by 2022

Algae Products Market is Expected to Reach Over US$ 0.70 Bn by 2022

According to a new market report published by Credence Research “Algae Products Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2021,” the algae products market is expected to reach US$ 0.70 Bn by 2022, expanding at a CAGR of more than 5.0% from 2016 to 2022.

Browse the full Algae Products Market for Food & Feed Supplements, Neutraceuticals, Paints & Colorants, Pollution Control, Pharmaceuticals and Other Applications- Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2021 report at http://www.credenceresearch.com/report/algae-products-market

Market Insights:

Algae are a diverse group of photosynthetic organisms which are not closely related and hence are known to be polyphyletic. They are plats which range from microalgae to macro algae. Algae are grown using water resources such as sea and waste water which are not suitable for growing agricultural crops. Microalgae grow using sunlight i.e. photosynthesis, by converting sunlight, CO2 and nutrients such as phosphorus and nitrogen into biomass. This growth is also known as autotrophic growth. Some algae can grow in the dark using sugar starch or by combining both the growth modes.

Based on application, global algae products are segmented into food & feed, neutraceuticals, paints & colorants, pollution control, pharmaceuticals and others. Among these, neutraceuticals dominated the global algae products market and is expected to retain its position in the near future. Growing use of algae biomass is expected to provide high revenue to the algae producers worldwide.

Download free sample here @ http://www.credenceresearch.com/sample-request/57848

Growing demand for algae products from the neutraceuticals and pharmaceutical industries is the major factor driving global algae products market worldwide. Rising health awareness among the people in both the developed and developing economies is...