Algae Extract Market Size, Trends, Analysis, and Outlook By Source (Red Algae, Blue-Green Algae, Brown Algae, Others), By Form (Powder, Liquid), By Application (Personal Care, Food and Beverages, Pharmaceutical and Nutraceuticals, Others), by Country, Segment, and Companies, 2024-2032

October 2024 | 190 pages | ID: A20E9DCB4949EN
VPAResearch

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Global Algae Extract Market Size is valued at $6.1 Billion in 2024 and is forecast to register a growth rate (CAGR) of 6.8% to reach $10.3 Billion by 2032.

The algae extract market is expanding as algae’s use in cosmetics, pharmaceuticals, and food products grows due to its high nutrient and antioxidant content. Algae extracts are popular in skincare for their moisturizing and anti-aging properties, while in food, they are valued for their protein and omega-3 content. The market is driven by consumer demand for natural, sustainable, and clean-label ingredients. As research into algae’s health benefits continues, its applications in nutraceuticals, supplements, and even biofuels are expected to expand.

Algae Extract Market Drivers, Trends, Opportunities, and Growth Opportunities

The comprehensive report presents unique market trends and challenges shaping the outlook for industry stakeholders. The Future of Algae Extract survey report provides the market size outlook across types, applications, and segments globally and regionally. It also offers data-driven insights and actionable recommendations for companies in the Algae Extract industry.

Key market trends defining the global Algae Extract demand in 2025 and Beyond

The Algae Extract industry remains an attractive hub for both domestic and global vendors. As we enter 2025, demand from end-user sectors, changes in consumption patterns, new product launches, and widening distribution channels will play major roles.

Algae Extract Market Segmentation- Industry Share, Market Size, and Outlook to 2032

Rising demand for diverse products and applications fuels the increased investments in niche segments. Leading companies focus on generating a large share of their future revenue growth by expanding into these niche segments. The report presents a market size outlook across segments, supporting companies scaling up production with a focus on potential countries.

Key strategies adopted by companies within the Algae Extract industry

Leading Algae Extract companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions. In particular, companies that leverage advanced technologies to achieve operational excellence are set to gain significant revenues. The report details the key strategies adopted by the top 10 Algae Extract companies.

Algae Extract Market Study- Strategic Analysis Review

The market research report dives deep into qualitative factors shaping the market, empowering you to make informed decisions.

- Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.

- Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.

- Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.

- Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.

Algae Extract Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Algae Extract industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. With actual data for 2023, the report forecasts the market size outlook from 2024 to 2032 in three scenarios: low case, reference case, and high case.

Algae Extract Country Analysis and Revenue Outlook to 2032

The report analyzes 22 countries worldwide, including key driving forces and market size outlook from 2021 to 2032. Additionally, it includes region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America. For each region, the market size outlook by segments is forecast for 2032.

North America Algae Extract Market Size Outlook- Companies plan for focused investments in a changing environment

The US remains the market leader in North America, driven by a large consumer base, well-established providers, and strong infrastructure. Leading companies focus on new product launches in a changing environment. The US GDP is expected to grow from $28,781.1 Billion in 2024 to $36,621 Billion in 2030, driving demand for various Algae Extract market segments. Similarly, strong market demand encourages Canadian Algae Extract companies to invest in niche segments. Mexico's investment in technological advancements positions it for significant market expansion.

Europe Algae Extract Market Size Outlook- Companies investing in assessing consumers, categories, competitors, and capabilities.

The German Algae Extract industry remains the major market for companies in the European Algae Extract industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Algae Extract market fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and addressing niche consumer segments.

Asia Pacific Algae Extract Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing pool of consumer base, robust consumption expenditure, and increasing investments in manufacturing drive the demand for Algae Extract in Asia Pacific. In particular, China, India, and South East Asian Algae Extract markets present a compelling outlook for 2032, attracting both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate market changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.

Latin America Algae Extract Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to higher purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Algae Extract Market Size Outlook- continues its upward trajectory across segments.

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Algae Extract market potential. Fuelled by increasing consumption expenditure of individuals and growing population drive the demand for Algae Extract.

Algae Extract Company Profiles

The global Algae Extract market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. The leading companies included in the study are Algea the Arctic Company, Aromantic Ltd, Carrubba INC, Essentials By Catalina Inc, euglena Co. Ltd, Formulator Sample Shop, Grow More Inc, Kelpak, Mycsa AG, North American Kelp, Ocean organics, Olmix Group, PLYMAG, Shigawake Organics Ltd, SourceVital, SpecialChem, Technaflora Plant Products Ltd, True Natural Group Inc, Unilever, Yash Chemicals Ltd.

Recent Algae Extract Market Developments

The global Algae Extract market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Algae Extract Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2032 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis
  • Pricing Analysis
  • Value Chain Analysis
  • SWOT Profile
  • Market Dynamics- Trends, Drivers, Challenges
  • Porter’s Five Forces Analysis
  • Macroeconomic Impact Analysis
  • Case Scenarios- Low, Base, High
Market Segmentation:

By Source

Red Algae

Blue-Green Algae

Brown Algae

Others

By Form

Powder

Liquid

By Application

Personal Care

Food and Beverages

Pharmaceutical and Nutraceuticals

Others

Geographical Segmentation:
  • North America (3 markets)
  • Europe (6 markets)
  • Asia Pacific (6 markets)
  • Latin America (3 markets)
  • Middle East Africa (5 markets)
Companies

Algea the Arctic Company

Aromantic Ltd

Carrubba INC

Essentials By Catalina Inc

euglena Co. Ltd

Formulator Sample Shop

Grow More Inc

Kelpak

Mycsa AG

North American Kelp

Ocean organics

Olmix Group

PLYMAG

Shigawake Organics Ltd

SourceVital

SpecialChem

Technaflora Plant Products Ltd

True Natural Group Inc

Unilever

Yash Chemicals Ltd

Formats Available: Excel, PDF, and PPT
CHAPTER 1: EXECUTIVE SUMMARY

1.1 Study Scope
1.2 Market Definition
1.3 Report Guide
  1.3.1 Country Coverage
  1.3.2 Companies Profiled
  1.3.3 Study Period: 2018 to 2023 and 2024 to 2032
  1.3.4 Units
1.4 Abbreviations

CHAPTER 2. ALGAE EXTRACT MARKET OVERVIEW- 2025

2.1 An Introduction to the Global Algae Extract Markets
2.2 Key Statistics
2.3 Region Benchmarking, 2024
2.4 Country Positioning Matrix, 2024

CHAPTER 3. STRATEGIC ANALYSIS REVIEW

3.1 Algae Extract Industry Stakeholders
3.2 Value Chain Analysis
3.3 Porter’s Five Forces Analysis
3.4 SWOT Profile
3.5 Recent Market Developments

CHAPTER 4. IMPACT ANALYSIS AND SCENARIO FORECASTS

4.1 Russia-Ukraine Conflict Analysis
4.2 COVID-19: Post Pandemic Recovery Analysis
4.3 US Inflation and Sluggish Growth in China
4.4 Focus on Sustainability
4.5 Low Growth Case Scenario: Global Algae Extract Market Outlook to 2032
4.6 Reference Case Scenario: Global Algae Extract Market Outlook to 2032
4.7 High Growth Case Scenario: Global Algae Extract Market Outlook to 2032

CHAPTER 5: ALGAE EXTRACT MARKET DYNAMICS

5.1 Key Algae Extract Market Trends
5.2 Potential Algae Extract Market Opportunities
5.3 Key Market Challenges

CHAPTER 6: GLOBAL ALGAE EXTRACT MARKET ANALYSIS AND OUTLOOK TO 2032

6.1 Global Market Outlook by Segments, 2021 to 2032
6.2 Source
Red Algae
Blue-Green Algae
Brown Algae
Others
Form
Powder
Liquid
Application
Personal Care
Food and Beverages
Pharmaceutical and Nutraceuticals
Others
6.3 Global Market Outlook by Region, 2021 to 2032

CHAPTER 7: NORTH AMERICA ALGAE EXTRACT MARKET ANALYSIS AND OUTLOOK TO 2032

7.1 North America Market Outlook by Segments, 2021- 2032
7.2 Source
Red Algae
Blue-Green Algae
Brown Algae
Others
Form
Powder
Liquid
Application
Personal Care
Food and Beverages
Pharmaceutical and Nutraceuticals
Others
7.3 North America Market Outlook by Country, 2021- 2032
  7.3.1 United States Algae Extract Market Size Forecast, 2021- 2032
  7.3.2 Canada Algae Extract Market Size Forecast, 2021- 2032
  7.3.3 Mexico Algae Extract Market Size Forecast, 2021- 2032

CHAPTER 8: EUROPE ALGAE EXTRACT MARKET ANALYSIS AND OUTLOOK TO 2032

8.1 Europe Market Outlook by Segments, 2021- 2032
8.2 Source
Red Algae
Blue-Green Algae
Brown Algae
Others
Form
Powder
Liquid
Application
Personal Care
Food and Beverages
Pharmaceutical and Nutraceuticals
Others
8.3 Europe Market Outlook by Country, 2021- 2032
  8.3.1 Germany Algae Extract Market Size Forecast, 2021- 2032
  8.3.2 France Algae Extract Market Size Forecast, 2021- 2032
  8.3.3 United Kingdom Algae Extract Market Size Forecast, 2021- 2032
  8.3.4 Spain Algae Extract Market Size Forecast, 2021- 2032
  8.3.5 Italy Algae Extract Market Size Forecast, 2021- 2032
  8.3.6 Russia Algae Extract Market Size Forecast, 2021- 2032
  8.3.7 Rest of Europe Algae Extract Market Size Forecast, 2021- 2032

CHAPTER 9: ASIA PACIFIC ALGAE EXTRACT MARKET ANALYSIS AND OUTLOOK TO 2032

9.1 Asia Pacific Market Outlook by Segments, 2021- 2032
9.2 Source
Red Algae
Blue-Green Algae
Brown Algae
Others
Form
Powder
Liquid
Application
Personal Care
Food and Beverages
Pharmaceutical and Nutraceuticals
Others
9.3 Asia Pacific Market Outlook by Country, 2021- 2032
  9.3.1 China Algae Extract Market Size Forecast, 2021- 2032
  9.3.2 India Algae Extract Market Size Forecast, 2021- 2032
  9.3.3 Japan Algae Extract Market Size Forecast, 2021- 2032
  9.3.4 South Korea Algae Extract Market Size Forecast, 2021- 2032
  9.3.5 Australia Algae Extract Market Size Forecast, 2021- 2032
  9.3.6 South East Asia Algae Extract Market Size Forecast, 2021- 2032
  9.3.7 Rest of Asia Pacific Algae Extract Market Size Forecast, 2021- 2032

CHAPTER 10: SOUTH AMERICA ALGAE EXTRACT MARKET ANALYSIS AND OUTLOOK TO 2032

10.1 South America Market Outlook by Segments, 2021- 2032
10.2 Source
Red Algae
Blue-Green Algae
Brown Algae
Others
Form
Powder
Liquid
Application
Personal Care
Food and Beverages
Pharmaceutical and Nutraceuticals
Others
10.3 South America Market Outlook by Country, 2021- 2032
  10.3.1 Brazil Algae Extract Market Size Forecast, 2021- 2032
  10.3.2 Argentina Algae Extract Market Size Forecast, 2021- 2032
  10.3.3 Rest of South America Algae Extract Market Size Forecast, 2021- 2032

CHAPTER 11: MIDDLE EAST AND AFRICA ALGAE EXTRACT MARKET ANALYSIS AND OUTLOOK TO 2032

11.1 Middle East and Africa Market Outlook by Segments, 2021- 2032
11.2 Source
Red Algae
Blue-Green Algae
Brown Algae
Others
Form
Powder
Liquid
Application
Personal Care
Food and Beverages
Pharmaceutical and Nutraceuticals
Others
11.3 Middle East and Africa Market Outlook by Country, 2021- 2032
  11.3.1 Saudi Arabia Algae Extract Market Size Forecast, 2021- 2032
  11.3.2 The UAE Algae Extract Market Size Forecast, 2021- 2032
  11.3.3 Rest of Middle East Algae Extract Market Size Forecast, 2021- 2032
  11.3.4 South Africa Algae Extract Market Size Forecast, 2021- 2032
  11.3.4 Rest of Africa Algae Extract Market Size Forecast, 2021- 2032

CHAPTER 12: COMPETITIVE LANDSCAPE

12.1 Competitive Analysis- Product Profile, SWOT, Financial Profiles
12.2 Key Companies Profiled in the Study
12.3 Algea the Arctic Company
Aromantic Ltd
Carrubba INC
Essentials By Catalina Inc
euglena Co. Ltd
Formulator Sample Shop
Grow More Inc
Kelpak
Mycsa AG
North American Kelp
Ocean organics
Olmix Group
PLYMAG
Shigawake Organics Ltd
SourceVital
SpecialChem
Technaflora Plant Products Ltd
True Natural Group Inc
Unilever
Yash Chemicals Ltd

CHAPTER 13: SOURCES AND RESEARCH METHODOLOGY

13.1 Primary and Secondary Sources
13.2 Research Methodology
13.3 Data Triangulation and Validation
13.4 Assumptions and Limitations
13.5 Forecast Methodology
Appendix
A: Highlights of the Q4-2024 Version
B: Conclusion and Future Recommendations
C: Customization Options
D: Contact Information

LIST OF FIGURES

Figure 1: Country Analysis: Largest Market Share (%)- 2024 vs. 2032
Figure 2: GDP (Current Prices) Outlook by Country, 2010- 2032
Figure 3: Population Outlook by Country, 2010- 2032
Figure 4: Inflation Outlook by Country (%), 2024- 2032
Figure 5: Global Algae Extract Market Outlook by Type, 2021- 2032
Figure 6: Global Algae Extract Market Outlook by Application, 2021- 2032
Figure 7: Global Algae Extract Market Outlook by Region, 2021- 2032
Figure 8: North America Algae Extract Market Snapshot, Q4-2024
Figure 9: North America Algae Extract Market Size Forecast by Type, 2021- 2032
Figure 10: North America Algae Extract Market Size Forecast by Application, 2021- 2032
Figure 11: North America Algae Extract Market Share by Country, 2023
Figure 12: Europe Algae Extract Market Snapshot, Q4-2024
Figure 13: Europe Algae Extract Market Size Forecast by Type, 2021- 2032
Figure 14: Europe Algae Extract Market Size Forecast by Application, 2021- 2032
Figure 15: Europe Algae Extract Market Share by Country, 2023
Figure 16: Asia Pacific Algae Extract Market Snapshot, Q4-2024
Figure 17: Asia Pacific Algae Extract Market Size Forecast by Type, 2021- 2032
Figure 18: Asia Pacific Algae Extract Market Size Forecast by Application, 2021- 2032
Figure 19: Asia Pacific Algae Extract Market Share by Country, 2023
Figure 20: South America Algae Extract Market Snapshot, Q4-2024
Figure 21: South America Algae Extract Market Size Forecast by Type, 2021- 2032
Figure 22: South America Algae Extract Market Size Forecast by Application, 2021- 2032
Figure 23: South America Algae Extract Market Share by Country, 2023
Figure 24: Middle East and Africa Algae Extract Market Snapshot, Q4-2024
Figure 25: Middle East and Africa Algae Extract Market Size Forecast by Type, 2021- 2032
Figure 26: Middle East and Africa Algae Extract Market Size Forecast by Application, 2021- 2032
Figure 27: Middle East and Africa Algae Extract Market Share by Country, 2023
Figure 28: United States Algae Extract Market Size Outlook, $ Million, 2021- 2032
Figure 29: Canada Algae Extract Market Size Outlook, $ Million, 2021- 2032
Figure 30: Mexico Algae Extract Market Size Outlook, $ Million, 2021- 2032
Figure 31: Germany Algae Extract Market Size Outlook, $ Million, 2021- 2032
Figure 32: France Algae Extract Market Size Outlook, $ Million, 2021- 2032
Figure 33: United Kingdom Algae Extract Market Size Outlook, $ Million, 2021- 2032
Figure 34: Spain Algae Extract Market Size Outlook, $ Million, 2021- 2032
Figure 35: Italy Algae Extract Market Size Outlook, $ Million, 2021- 2032
Figure 36: Russia Algae Extract Market Size Outlook, $ Million, 2021- 2032
Figure 37: Rest of Europe Algae Extract Market Size Outlook, $ Million, 2021- 2032
Figure 38: China Algae Extract Market Size Outlook, $ Million, 2021- 2032
Figure 39: India Algae Extract Market Size Outlook, $ Million, 2021- 2032
Figure 40: Japan Algae Extract Market Size Outlook, $ Million, 2021- 2032
Figure 41: South Korea Algae Extract Market Size Outlook, $ Million, 2021- 2032
Figure 42: Australia Algae Extract Market Size Outlook, $ Million, 2021- 2032
Figure 43: South East Asia Algae Extract Market Size Outlook, $ Million, 2021- 2032
Figure 44: Rest of APAC Algae Extract Market Size Outlook, $ Million, 2021- 2032
Figure 45: Brazil Algae Extract Market Size Outlook, $ Million, 2021- 2032
Figure 46: Argentina Algae Extract Market Size Outlook, $ Million, 2021- 2032
Figure 47: Rest of LATAM Algae Extract Market Size Outlook, $ Million, 2021- 2032
Figure 48: Saudi Arabia Algae Extract Market Size Outlook, $ Million, 2021- 2032
Figure 49: UAE Algae Extract Market Size Outlook, $ Million, 2021- 2032
Figure 50: South Africa Algae Extract Market Size Outlook, $ Million, 2021- 2032
Figure 51: Research Methodology
Figure 52: Forecast Methodology

LIST OF TABLES

Table 1: Market Scope and Segmentation
Table 2: Global Algae Extract Market Size Outlook, $Million, 2021 to 2032
Table 3: Low Case Scenario Forecasts
Table 4: Reference Case Scenario Forecasts
Table 5: High Growth Scenario Forecasts
Table 6: Global Algae Extract Market Size Outlook by Segments, 2021- 2032
Table 7: Global Algae Extract Market Size Outlook by Region, 2021- 2032
Table 8: Country Mapping, 2023 vs. 2032
Table 9: North America- Algae Extract Market Outlook by Type, 2021- 2032
Table 10: North America- Algae Extract Market Outlook by Country, 2021- 2032
Table 11: Europe - Algae Extract Market Outlook by Type, 2021- 2032
Table 12: Europe - Algae Extract Market Outlook by Country, 2021- 2032
Table 13: Asia Pacific - Algae Extract Market Outlook by Type, 2021- 2032
Table 14: Asia Pacific - Algae Extract Market Outlook by Country, 2021- 2032
Table 15: South America- Algae Extract Market Outlook by Type, 2021- 2032
Table 16: South America- Algae Extract Market Outlook by Country, 2021- 2032
Table 17: Middle East and Africa - Algae Extract Market Outlook by Type, 2021- 2032
Table 18: Middle East and Africa - Algae Extract Market Outlook by Country, 2021- 2032
Table 19: Business Snapshots of Leading Algae Extract Companies
Table 20: Product Profiles of Leading Algae Extract Companies
Table 21: SWOT Profiles of Leading Algae Extract Companies


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