Marine Algae Extracts/Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
- Transparency Market Research
- Healthcare IT
Marine algae are the storehouse of diverse, interesting, and valuable products, many of which are still unexplored. Biomaterials and extracts derived from marine algae play a significant role in several products including cosmetics, pharmaceutical, and food. Marine algae are loaded with minerals, essential amino acids, omega 3 fatty acids, proteins, lipids, polysaccharides, vitamins such as A, B, C, & E, and dietary fibers. It also possesses bioactivities such as antimicrobial, anti-inflammatory, anti-oxidative, and anti-cancer. Various studies have shown that marine algae derivatives modulate the effects of oxidative stress, thereby protecting cells. Oxidative stress plays a crucial role in carcinogenesis. In inflammatory reactions, marine algae derivatives find applications in anti-inflammatory and anti-cancer drugs. The most common and considerably used marine algae are red algae, green algae, brown algae, and blue-green algae. Polysaccharides such as carrageenan and agar from red algae have been used in research laboratories and food industries for a long time, owing to the thickening, gelling, and stabilizing properties. Red, green, brown, and blue-green algae also possess radical scavenging and antioxidant properties. Marine algae extracts are used in antioxidant capsules containing Spirulina extract, carotenoid extracts in oral capsules, and other algal extracts in functional food for pets, biofertilizers, and biofuels, among others. These extracts also possess antimicrobial properties.
The global marine algae extracts/products market is driven by applications of natural products derived from marine algae in various industries such as food, pharmaceuticals, and cosmetics. Pharmaceutical companies are gearing up to research on several compounds that could fight against a wide range of critical illnesses. Hence, the significance of marine algae-derived drugs is expected to increase. Several marine algae-derived products are available in the global market. Technological advancements in pharmacology and marine algae exploration are expected to boost the growth of the marine algae-derived pharmaceuticals segment in the near future. Increasing initiatives to preserve marine biodiversity and investments in research programs across the world are indicative of the rising opportunities in the global marine algae extracts/products market. Additionally, large-scale research, improvement in the methods of marine exploration, breakthrough discoveries in the field of pharmacological properties of marine algae, and prospective pipeline drugs such as anti-cancer drugs are likely to fuel the growth of the market in the near future.
Increasing preference for veganism and non-animal derived products drives the marine algae extracts/products market. The global marine algae extracts/products market has been segmented based on product, end-user, and region. In terms of product, the market has been segmented into polysaccharides, alginates, steroids, vitamins, minerals, lipids, and others. Based on end-user, the market has been categorized into pharmaceuticals and nutraceuticals industries, food industry, cosmetics industry, biofuel industry, and research organizations.
Geographically, the global marine algae extracts/products market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is likely to present lucrative opportunities in the marine extract/product market owing to advancement in health care and biotechnology. Europe is another leading region contributing to the growth of the market. Countries in Asia Pacific such as Japan, China, South Korea, India, Australia, Vietnam, and Thailand are expected to become substantial markets for marine biotechnology during the forecast period. Some developing countries in Africa such as South Africa, Nigeria, Tunisia, and Mozambique are expected to be among the key markets in the near future.
Major players in the global marine algae extracts/products market are CP Kelco ApS, FMC BioPolymer, Marinova, AEP Colloids, Ingredients Solutions Inc., Marcel Trading Corporation, Danisco A/S, Gelymar SA, CEAMSA, Soriano SA, Acroyali Holdings Qingdao Co. Ltd., Norevo GmbH, and Agarmex, among others.
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