In a recent market study published by Fact.MR, the current and future prospects of the Algae Supplements Market are thoroughly analyzed. Further, the report includes an in-depth analysis of the various factors that are likely to control the growth trajectory of the Algae Supplements Market in the upcoming years. In addition, a qualitative and quantitative assessment of the various market segments is enclosed in the report and accurately represented in the form of tables, graphs, and figures.
The report indicates that the Algae Supplements Market is expected to register a CAGR growth of ~XX% over the forecast period and reach a value of ~US$XX by the end of 2019 to 2027. The report elaborates on the micro and macro-economic factors that are projected to influence the growth of the Algae Supplements Market in the upcoming years.
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Essential Findings of the Report
- Factors that are likely to impede the growth of the Algae Supplements Market over the forecast period 2019 to 2027
- Competition analysis that provides intricate details related to the business prospects of leading market players
- Major trends influencing the dynamics of the Algae Supplements Market
- Y-o-Y growth of each market segment
- Pricing strategies of various market players in the Algae Supplements Market
Important questions pertaining to the Algae Supplements Market catered to in the report:
- What is the projected revenue generated by some prominent market players in the Algae Supplements Market?
- What are the prospects of the Algae Supplements Market in region 1?
- What is the scope for innovation in the Algae Supplements Market?
- How have government policies impacted the dynamics of the Algae Supplements Market in various regions?
- Which region has the highest concentration of tier 1 companies?
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- 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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