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Published Date: 2016-09-20Number of Pages: 236

Algae Market (By Application, By Cultivation Technology, And Geography) - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast 2016 - 2024

Algae Market: Snapshot

The global algae market is developing at a gradual pace around the world, with a number of algae oil production facilities yet to be fully commercialized. Growing concerns regarding the emission of greenhouse gases have driven the adoption of renewable energy sources, algae being a prominent one. Apart from a rising demand for algae-based biofuels in road, marine, and aviation applications, the plastics industry has also upped its demand for algae to produce biodegradable plastics.

The global algae market was valued at US$608.0 mn in 2015 and is projected to reach US$1.1 bn by 2024, at a CAGR of 7.39% therein. In terms of volume, the market is poised to expand at a 5.32% CAGR between 2016 and 2024.

algae market

 

Low Investment Requirements Drive Adoption of Open Pond Cultivation Technology

In terms of cultivation technology, the algae market has been classified into open ponds cultivation technology, raceway ponds cultivation technology, closed photo bio-reactors, and closed fermenter systems. On a global scale, more than 80% of algal biomass is generated through open pond cultivation technology. Open pond cultivation systems require low investment and as a result are utilized on a larger scale.

However, in recent years, established players such as Algae Tec and Solazyme, Inc. have been investing more on emerging cultivation technologies such as closed photo bioreactors and fermenter systems for better productivity under the close monitoring of automated systems.

Closed photo bio-reactors are an emerging technology used to promote biological growth by controlling environmental parameters such as light. The only disadvantages presented by this technology are high capital costs and long payback periods.

Surge in Algae Cultivation in North America a Key Contributing Factor

In terms of geography, the global algae market comprises North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. In 2015, North America led the global algae market. Countries such as the U.S., Canada, and Mexico house more than 135 companies engaged in algae cultivation and this is a key factor driving the algae market in the region. The North America algae market is single-handedly driven by the U.S., constituting around 86.4% of the market by volume and around 87.6% by value in 2016. The U.S. is anticipated to dominate the algae market through 2024 thanks to the expansion of production facilities and efforts to overcome the demand-supply gap. The North America algae market is considerably more mature than other regional markets such as Europe, Asia Pacific, Latin America, and MEA.

Countries in Asia Pacific are focusing on algal biotechnology in wastewater bioremediation and CO2 capture and utilization. Asia Pacific hosts five of the top 10 carbon emitters in the world –India, China, Japan, Indonesia, and Iran – who contribute to more than 40% of the global emissions. Strong movements are under way to fully commercialize the production of biofuels from algae. Currently, more than 50% of the algae produced through various cultivation technologies are utilized in DHA production to manufacture chemical components for medicines, health foods, cosmetics, and food additives.

Key players in the global algae market include Algae Tec, Pond Biofuels Incorporated, LiveFuels, Inc., Algae Systems LLC, Sapphire Energy, Inc., Solazyme, Inc., Diversified Energy Corporation, Algenol, Kai BioEnergy Corp., Algix, DSM Nutritional Products, Dao Energy, LLC, Phycal LLC, and Kent BioEnergy Corporation.

1. Preface
     1.1 Report Scope and Market Segmentation 
     1.2 Research Highlights
     1.3 Research Objectives
     1.4 Key Questions Answered

2. Assumptions and Research Methodology
     2.1 Report Assumptions
     2.2 Abbreviations Used
     2.3 Research Methodology

3. Executive Summary
     3.1 Global Algae Market Size, by Market Value (US$ Mn) and Market Value Share, by Region
     3.2 Key Trends

4. Market Overview
     4.1 Segregation Overview 
     4.2 Market Indicators: Global Algae Market
     4.3 Drivers, Restraints & Opportunities
     4.4 Global Algae Market Analysis and Forecasts, 2016 – 2024
     4.6 Porter’s Five Force Analysis
     4.7 Value Chain Analysis
     4.8 Global Algae Market Analysis and Forecasts, 2015 – 2024

5. Global Algae Market Analysis and Forecasts, by Application
     5.1 Key Findings
     5.2 Introduction
     5.3 Key Trends 
     5.4 Market Size (US$ Mn) (Tons) Forecast By Application
           5.4.1. Marine Sector
           5.4.2. Aviation Sector
           5.4.3. Road Transport
           5.4.4. DHA Production (Protein Sales)
           5.4.5. DHA Production (Pharmaceutical Applications)
           5.4.6. Bioplastics
           5.4.7. Others
     5.5 Application Comparison Matrix
     5.6 Market Attractiveness Analysis by Application

6. Global Algae Market Analysis, by Cultivation Technology
     6.1 Key Findings
     6.2 Introduction
     6.3 Key Trends 
     6.4 Market Size (US$ Mn) (Tons) Forecast By Cultivation Technology
           6.4.1. Open Ponds Cultivation Technology
           6.4.2. Raceway Ponds Cultivation Technology
           6.4.3. Closed Photo bioreactor Cultivation Technology
           6.4.4. Closed Fermenter Systems Cultivation Technology
     6.5 Cultivation Technology Comparison Matrix
     6.6 Market Attractiveness Analysis by Cultivation Technology

7. Global Algae Market Analysis, by Region
     7.1 Global Regulatory Scenario
     7.2 Algae Market Forecast by Region (US$ Mn & Tons)
     7.3 Market Attractiveness Analysis, by Region

8. North America Algae Market Analysis
     8.1 Key Findings
     8.2 North America Algae Market Overview
     8.3 North America Market Value Share Analysis, by Application
     8.4 North America Market Value Share Analysis, by Cultivation Technology
     8.5 North America Market Value Share Analysis, by Country
           8.5.1 The U.S. Algae Market Analysis
           8.5.2 Canada Algae Market Analysis
           8.5.3. Mexico Algae Market Analysis
     8.6 North America Market Attractiveness Analysis
           8.6.1 By Application
           8.6.2 By Cultivation Technology 
           8.6.3 By Country
     8.7 North America Market Trends

9. Europe Algae Market Analysis
     9.1 Key Findings
     9.2 Europe Algae Market Overview
     9.3 Europe Market Value Share Analysis, by Application
     9.4 Europe Market Value Share Analysis, by Cultivation Technology
     9.5 Europe Market Value Share Analysis, by Country
           9.5.1 Germany Algae Market Analysis
           9.5.2 Russia Algae Market Analysis
           9.5.3 U.K. Algae Market Analysis
           9.5.4 Rest of Europe Algae Market Analysis
     9.6 Europe Market Attractiveness Analysis
           9.6.1 By Application
           9.6.3 By Cultivation Technology
           9.6.4 By Country
     9.7 Europe Market Trends

10. Asia Pacific Algae Market Analysis
     10.1 Key Findings
     10.2 Asia Pacific Algae Market Overview
     10.3 Asia Pacific Market Value Share Analysis, by Application
     10.4 Asia Pacific Market Value Share Analysis, by Cultivation Technology
     10.5 Asia Pacific Market Value Share Analysis, by Country
           10.5.1 India Algae Market Analysis
           10.5.2 China Algae Market Analysis
           10.5.3 Australia Algae Market Analysis
           10.5.4 Rest of Asia Pacific Algae Market Analysis
     10.6 Asia Pacific Market Attractiveness Analysis
           10.6.1 By Application
           10.6.3 By Cultivation Technology
           10.6.4 By Country
     10.7 Asia Pacific Market Trends

11. Middle East & Africa (MEA) Algae Market Analysis
     11.1 Key Findings
     11.2 Middle East & Africa (MEA) Algae Market Overview
     11.3 Middle East & Africa (MEA) Market Value Share Analysis, by Application
     11.4 Middle East & Africa (MEA) Market Value Share Analysis, by Cultivation Technology
     11.5 Middle East & Africa (MEA) Market Value Share Analysis, by Country
           11.5.1 Saudi Arabia Algae Market Analysis
           11.5.2 Nigeria Algae Market Analysis
           11.5.3 South Africa Algae Market Analysis
           11.5.4 Rest of Middle East & Africa (MEA) Algae Market Analysis
     11.6 Middle East & Africa (MEA) Market Attractiveness Analysis
           11.6.1 By Application
           11.6.3 By Cultivation Technology
           11.6.4 By Country
     11.7 Middle East & Africa (MEA) Market Trends

12. Latin America Algae Market Analysis
     12.1 Key Findings
     12.2 Latin America Algae Market Overview
     12.3 Latin America Market Value Share Analysis, by Application
     12.4 Latin America Market Value Share Analysis, by Cultivation Technology
     12.5 Latin America Market Value Share Analysis, by Country
           12.5.1 Brazil Algae Market Analysis
           12.5.2 Argentina Algae Market Analysis
           12.5.3 Peru Algae Market Analysis
           12.5.3 Rest of Latin America Algae Market Analysis
     12.6 Latin America Market Attractiveness Analysis
           11.6.1 By Application
           11.6.3 By Cultivation Technology
           11.6.4 By Country
     12.7 Latin America Market Trends

13. Company Profile
     13.1 Algae Market Share Analysis by Company (2015)
     13.2 Competition Matrix
     13.3 Key Players
           13.3.1 Algae Tec
                   13.3.1.1 Company Overview
                   13.3.1.2 Financial Overview
                   13.3.1.3 Business Strategy
                   13.3.1.4 SWOT Analysis
                   13.3.1.5 Recent Developments
           13.3.2 Pond Biofuels Incorporated 
                   13.3.2.1 Company Overview
                   13.3.2.2 Financial Overview
                   13.3.2.3 Business Strategy
                   13.3.2.4 SWOT Analysis
                   13.3.2.5 Recent Developments
           13.3.3 LiveFuels, Inc.
                   13.3.3.1 Company Overview
                   13.3.3.2 Financial Overview
                   13.3.3.3 Business Strategy
                   13.3.3.4 SWOT Analysis
                   13.3.3.5 Recent Developments
           13.3.4 Algae Systems LLC
                   13.3.4.1 Company Overview
                   13.3.4.2 Financial Overview
                   13.3.4.3 Business Strategy
                   13.3.4.4 SWOT Analysis
                   13.3.4.5 Recent Developments
           13.3.5 Sapphire Energy, Inc. 
                   13.3.5.1 Company Overview
                   13.3.5.2 Financial Overview
                   13.3.5.3 Business Strategy
                   13.3.5.4 SWOT Analysis
                   13.3.5.5 Recent Developments
           13.3.6 Solazyme, Inc. 
                   13.3.6.1 Company Overview
                   13.3.6.2 Financial Overview
                   13.3.6.3 Business Strategy
                   13.3.6.4 SWOT Analysis
                   13.3.6.5 Recent Developments
           13.3.7 Diversified Energy Corporation 
                   13.3.7.1 Company Overview
                   13.3.7.2 Financial Overview
                   13.3.7.3 Business Strategy
                   13.3.7.4 SWOT Analysis
                   13.3.7.5 Recent Developments
           13.3.8 Algenol
                   13.3.8.1 Company Overview
                   13.3.8.2 Financial Overview
                   13.3.8.3 Business Strategy
                   13.3.8.4 SWOT Analysis
                   13.3.8.5 Recent Developments
           13.3.9 Kai BioEnergy Corp.
                   13.3.9.1 Company Overview
                   13.3.9.2 Financial Overview
                   13.3.9.3 Business Strategy
                   13.3.9.4 SWOT Analysis
                   13.3.9.5 Recent Developments
           13.3.10 Algix
                   13.3.10.1 Company Overview
                   13.3.10.2 Financial Overview
                   13.3.10.3 Business Strategy
                   13.3.10.4 SWOT Analysis
                   13.3.10.5 Recent Developments
           13.3.11 DSM Nutritional Products
                   13.3.11.1 Company Overview
                   13.3.11.2 Financial Overview
                   13.3.11.3 Business Strategy
                   13.3.11.4 SWOT Analysis
                   13.3.11.5 Recent Developments
           13.3.12 Dao Energy, LLC 
                   13.3.12.1 Company Overview
                   13.3.12.2 Financial Overview
                   13.3.12.3 Business Strategy
                   13.3.12.4 SWOT Analysis
                   13.3.12.5 Recent Developments
           13.3.13 Phycal LLC 
                   13.3.13.1 Company Overview
                   13.3.13.2 Financial Overview
                   13.3.13.3 Business Strategy
                   13.3.13.4 SWOT Analysis
                   13.3.13.5 Recent Developments
           13.3.14 Kent BioEnergy Corporation 
                   13.3.14.1 Company Overview
                   13.3.14.2 Financial Overview
                   13.3.14.3 Business Strategy
                   13.3.14.4 SWOT Analysis
                   13.3.14.5 Recent Developments

List of Figures

Figure 01: Value Chain Analysis
Figure 02: Global Algae Market Size (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 03: Global Algae Price (US$/ Ton) 2015–2024
Figure 04: Global Algae Market Value Share Analysis, By Application, 2016 and 2024
Figure 05: Marine Sector, 2015 – 2024 (Tons & US$ Mn)
Figure 06: Aviation Sector, 2015 – 2024 (Tons & US$ Mn)
Figure 07: Road Transport, 2015 – 2024 (Tons & US$ Mn)
Figure 08: DHA Production (Protein Sales), 2015 – 2024 (Tons & US$ Mn) 
Figure 09: DHA Production (Pharmaceutical Applications), 2015 – 2024 (US$ Mn)
Figure 10: Bioplastics, 2015 – 2024 (US$ Mn)
Figure 11: Others, 2015 – 2024 (US$ Mn)
Figure 12: Algae Market Attractiveness Analysis, By Application 
Figure 13: Global Algae Market Value Share Analysis, By Technology, 2016 and 2024
Figure 14: Open Ponds Cultivation Technology, 2015 – 2024 (Tons & US$ Mn)
Figure 15: Raceway Ponds Cultivation Technology, 2015 – 2024 (Tons & US$ Mn)
Figure 16: Closed Photobioreactors Cultivation Technology, 2015 – 2024 (Tons & US$ Mn)
Figure 17: Closed Fermenter Systems Cultivation Technology, 2015 – 2024 (Tons & US$ Mn)
Figure 18: Algae Market Attractiveness Analysis, By Technology
Figure 19: Global Regulatory Scenario 
Figure 20: Algae Market Attractiveness Analysis, By Region Type
Figure 21: North America Algae Market Size (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 22: North America Algae Market Size and Volume Y-o-Y Growth Projections, 2015–2024
Figure 23: North America Market Attractiveness Analysis, By Country
Figure 24: North America Market Value Share (US$ Mn) Analysis, By Application, 2016 and 2024
Figure 25: North America Market Value Share (US$ Mn) Analysis, By Technology, 2016 and 2024
Figure 26: North America Market Value Share (US$ Mn) Analysis, By Country, 2016 and 2024
Figure 27: U.S. Algae Market Analysis 
Figure 28: Canada Algae Market Analysis 
Figure 29: Mexico Algae Market Analysis 
Figure 30: North America Market Attractiveness Analysis, By Application 
Figure 31: North America Market Attractiveness Analysis, By Technology
Figure 32: Europe Algae Market Size (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 33: Europe Algae Market Size and Volume Y-o-Y Growth Projections, 2015–2024
Figure 34: Europe Market Attractiveness Analysis, By Country
Figure 35: Europe Market Value Share (US$ Mn) Analysis, By Application, 2016 and 2024
Figure 36: Europe Market Value Share (US$ Mn) Analysis, By Technology, 2016 and 2024
Figure 37: Europe Market Value Share (US$ Mn) Analysis, By Country, 2016 and 2024
Figure 38: Germany Algae Market Analysis 
Figure 39: Russia Algae Market Analysis 
Figure 40: U.K. Algae Market Analysis
Figure 41: Rest of Europe Algae Market Analysis 
Figure 42: Europe Market Attractiveness Analysis, By Application 
Figure 43: Europe Market Attractiveness Analysis, By Technology
Figure 44: Asia Pacific Algae Market Size (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 45: Asia Pacific Algae Market Size and Volume Y-o-Y Growth Projections, 2015–2024
Figure 46: Asia Pacific Market Attractiveness Analysis, By Country
Figure 47: Asia Pacific Market Value Share (US$ Mn) Analysis, By Application, 2016 and 2024
Figure 48: Asia Pacific Market Value Share (US$ Mn) Analysis, By Technology, 2016 and 2024
Figure 49: Asia Pacific Market Value Share (US$ Mn) Analysis, By Country, 2016 and 2024
Figure 50: India Algae Market Analysis 
Figure 51: China Algae Market Analysis 
Figure 52: Australia Algae Market Analysis 
Figure 53: Rest of Asia Pacific Algae Market Analysis
Figure 54: Asia Pacific Market Attractiveness Analysis, By Application 
Figure 55: Asia Pacific Market Attractiveness Analysis, By Technology
Figure 56: Middle East & Africa Algae Market Size (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 57: Middle East & Africa Algae Market Size and Volume Y-o-Y Growth Projections, 2015–2024
Figure 58: Middle East & Africa Market Attractiveness Analysis, By Country
Figure 59: Middle East & Africa Market Value Share (US$ Mn) Analysis, By Application, 2016 and 2024
Figure 60: Middle East & Africa Market Value Share (US$ Mn) Analysis, By Technology, 2016 and 2024
Figure 61: Middle East & Africa Market Value Share (US$ Mn) Analysis, By Country, 2016 and 2024
Figure 62: Saudi Arabia Algae Market Analysis 
Figure 63: Nigeria Algae Market Analysis 
Figure 64: South Africa Algae Market Analysis 
Figure 65: Rest of Middle East & Africa Algae Market Analysis 
Figure 66: Middle East & Africa Market Attractiveness Analysis, By Application 
Figure 67: Middle East & Africa Market Attractiveness Analysis, By Technology
Figure 68: Latin America Algae Market Size (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 69: Latin America Algae Market Size and Volume Y-o-Y Growth Projections, 2015–2024
Figure 70: Latin America Market Attractiveness Analysis, By Country
Figure 71: Latin America Market Value Share (US$ Mn) Analysis, By Application, 2016 and 2024
Figure 72: Latin America Market Value Share (US$ Mn) Analysis, By Technology, 2016 and 2024
Figure 73: Latin America Market Value Share (US$ Mn) Analysis, By Country, 2016 and 2024
Figure 74: Brazil Algae Market Analysis 
Figure 75: Argentina Algae Market Analysis 
Figure 76: Peru Algae Market Analysis 
Figure 77: Rest of Latin America Algae Market Analysis
Figure 78: Latin America Market Attractiveness Analysis, By Application 
Figure 79: Latin America Market Attractiveness Analysis, By Technology
Figure 80: Algae Market Share Analysis, By Company (2015)
Figure 81: Algae Tec, Breakdown of Net Sales, by Country
Figure 82: Algae Tec, Revenue (US$ Mn) and Y-o-Y Growth (%), 2012–2015
Figure 83: Solazyme, Inc., Breakdown of Net Sales, by Business Segment
Figure 84: Solazyme, Inc., Revenue (US$ Mn) and Y-o-Y Growth (%), 2009–2015
Figure 85: DSM Nutritional Products, Breakdown of Net Sales, by Country, 2015
Figure 86: DSM Nutritional Products, Revenue (US$ Bn) and Y-o-Y Growth (%), 2012–2015

List of Tables

Table 01: Algae Market Size (Tons) Forecast, By Application
Table 02: Algae Market Revenue (US$ Mn) Forecast, By Application
Table 03: Algae Application Comparison Matrix 
Table 04: Algae Market Size (Tons) Forecast, By Technology
Table 05: Algae Market Revenue (US$ Mn) Forecast, By Technology
Table 06: Algae Technology Comparison Matrix 
Table 07: Global Market Size (Tons) Forecast, By Region
Table 08: Global Market Revenue (US$ Mn) Forecast, By Region
Table 09: North America Algae Market Size (Tons) Forecast, by Application, 2015–2024
Table 10: North America Algae Market Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 11: North America Algae Market Size (Tons) Forecast, by Cultivation Technology, 2015–2024
Table 12: North America Algae Market Revenue (US$ Mn) Forecast, by Cultivation Technology, 2015–2024
Table 13: North America Algae Market Size (Tons) Forecast, by Country, 2015–2024
Table 14: North America Algae Market Revenue (US$ Mn) Forecast, by Country, 2015–2024
Table 15: U.S. Algae Market Size (Tons) Forecast, Application, 2015–2024
Table 16: U.S. Algae Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 17: U.S. Algae Market Size (Tons) Forecast, by Technology, 2015–2024
Table 18: U.S. Algae Market Size (US$ Mn) Forecast, by Technology, 2015–2024
Table 19: Canada Algae Market Size (Tons) Forecast, Application, 2015–2024
Table 20: Canada Algae Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 21: Canada Algae Market Size (Tons) Forecast, by Technology, 2015–2024
Table 22: Canada Algae Market Size (US$ Mn) Forecast, by Technology, 2015–2024
Table 23: Mexico Algae Market Size (Tons) Forecast, Application, 2015–2024
Table 24: Mexico Algae Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 25: Mexico Algae Market Size (Tons) Forecast, by Technology, 2015–2024
Table 26: Mexico Algae Market Size (US$ Mn) Forecast, by Technology, 2015–2024
Table 27: Europe Algae Market Size (Tons) Forecast, by Application, 2015–2024
Table 28: Europe Algae Market Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 29: Europe Algae Market Size (Tons) Forecast, by Cultivation Technology, 2015–2024
Table 30: Europe Algae Market Revenue (US$ Mn) Forecast, by Cultivation Technology, 2015–2024
Table 31: Europe Algae Market Size (Tons) Forecast, by Country, 2015–2024
Table 32: Europe Algae Market Revenue (US$ Mn) Forecast, by Country, 2015–2024
Table 33: Germany Algae Market Size (Tons) Forecast, Application, 2015–2024
Table 34: Germany Algae Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 35: Germany Algae Market Size (Tons) Forecast, by Technology, 2015–2024
Table 36: Germany Algae Market Size (US$ Mn) Forecast, by Technology, 2015–2024
Table 37: Russia Algae Market Size (Tons) Forecast, Application, 2015–2024
Table 38: Russia Algae Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 39: Russia Algae Market Size (Tons) Forecast, by Technology, 2015–2024
Table 40: Russia Algae Market Size (US$ Mn) Forecast, by Technology, 2015–2024
Table 41: U.K. Algae Market Size (Tons) Forecast, Application, 2015–2024
Table 42: U.K.  Algae Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 43: U.K.  Algae Market Size (Tons) Forecast, by Technology, 2015–2024
Table 44: U.K.  Algae Market Size (US$ Mn) Forecast, by Technology, 2015–2024
Table 45: Rest of Europe Algae Market Size (Tons) Forecast, Application, 2015–2024
Table 46: Rest of Europe Algae Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 47: Rest of Europe Algae Market Size (Tons) Forecast, by Technology, 2015–2024
Table 48: Rest of Europe Algae Market Size (US$ Mn) Forecast, by Technology, 2015–2024
Table 49: Asia Pacific Algae Market Size (Tons) Forecast, by Application, 2015–2024
Table 50: Asia Pacific Algae Market Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 51: Asia Pacific Algae Market Size (Tons) Forecast, by Cultivation Technology, 2015–2024
Table 52 Asia Pacific Algae Market Revenue (US$ Mn) Forecast, by Cultivation Technology, 2015–2024
Table 53: Asia Pacific Algae Market Size (Tons) Forecast, by Country, 2015–2024
Table 54: Asia Pacific Algae Market Revenue (US$ Mn) Forecast, by Country, 2015–2024
Table 55: India Algae Market Size (Tons) Forecast, Application, 2015–2024
Table 56: India Algae Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 57: India Algae Market Size (Tons) Forecast, by Technology, 2015–2024
Table 58: India Algae Market Size (US$ Mn) Forecast, by Technology, 2015–2024
Table 59: China Algae Market Size (Tons) Forecast, Application, 2015–2024
Table 60: China Algae Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 61: China Algae Market Size (Tons) Forecast, by Technology, 2015–2024
Table 62: China Algae Market Size (US$ Mn) Forecast, by Technology, 2015–2024
Table 63: Australia Algae Market Size (Tons) Forecast, Application, 2015–2024
Table 64: Australia Algae Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 65: Australia Algae Market Size (Tons) Forecast, by Technology, 2015–2024
Table 66: Australia Algae Market Size (US$ Mn) Forecast, by Technology, 2015–2024
Table 67: Rest of Asia Pacific Algae Market Size (Tons) Forecast, Application, 2015–2024
Table 68: Rest of Asia Pacific Algae Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 69: Rest of Asia Pacific Algae Market Size (Tons) Forecast, by Technology, 2015–2024
Table 70: Rest of Asia Pacific Algae Market Size (US$ Mn) Forecast, by Technology, 2015–2024
Table 71: Middle East & Africa Algae Market Size (Tons) Forecast, by Application, 2015–2024
Table 72: Middle East & Africa Algae Market Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 73: Middle East & Africa Algae Market Size (Tons) Forecast, by Cultivation Technology, 2015–2024
Table 74: Middle East & Africa Algae Market Revenue (US$ Mn) Forecast, by Cultivation Technology, 2015–2024
Table 75: Middle East & Africa Algae Market Size (Tons) Forecast, by Country, 2015–2024
Table 76: Middle East & Africa Algae Market Revenue (US$ Mn) Forecast, by Country, 2015–2024
Table 77: Saudi Arabia Algae Market Size (Tons) Forecast, Application, 2015–2024
Table 78: Saudi Arabia Algae Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 79: Saudi Arabia Algae Market Size (Tons) Forecast, by Technology, 2015–2024
Table 80: Saudi Arabia Algae Market Size (US$ Mn) Forecast, by Technology, 2015–2024
Table 81: Nigeria Algae Market Size (Tons) Forecast, Application, 2015–2024
Table 82: Nigeria Algae Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 83: Nigeria Algae Market Size (Tons) Forecast, by Technology, 2015–2024
Table 84: Nigeria Algae Market Size (US$ Mn) Forecast, by Technology, 2015–2024
Table 85: South Africa Algae Market Size (Tons) Forecast, Application, 2015–2024
Table 86: South Africa Algae Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 87: South Africa Algae Market Size (Tons) Forecast, by Technology, 2015–2024
Table 88: South Africa Algae Market Size (US$ Mn) Forecast, by Technology, 2015–2024
Table 89: Rest of Middle East & Africa Algae Market Size (Tons) Forecast, Application, 2015–2024
Table 90: Rest of Middle East & Africa Algae Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 91: Rest of Middle East & Africa Algae Market Size (Tons) Forecast, by Technology, 2015–2024
Table 92: Rest of Middle East & Africa Algae Market Size (US$ Mn) Forecast, by Technology, 2015–2024
Table 93: Latin America Algae Market Size (Tons) Forecast, by Application, 2015–2024
Table 94: Latin America Algae Market Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 95: Latin America Algae Market Size (Tons) Forecast, by Cultivation Technology, 2015–2024
Table 96: Latin America Algae Market Revenue (US$ Mn) Forecast, by Cultivation Technology, 2015–2024
Table 97: Latin America Algae Market Size (Tons) Forecast, by Country, 2015–2024
Table 98: Latin America Algae Market Revenue (US$ Mn) Forecast, by Country, 2015–2024
Table 99: Brazil Algae Market Size (Tons) Forecast, Application, 2015–2024
Table 100: Brazil Algae Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 101: Brazil Algae Market Size (Tons) Forecast, by Technology, 2015–2024
Table 102: Brazil Algae Market Size (US$ Mn) Forecast, by Technology, 2015–2024
Table 103: Argentina Algae Market Size (Tons) Forecast, Application, 2015–2024
Table 104: Argentina Algae Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 105: Argentina Algae Market Size (Tons) Forecast, by Technology, 2015–2024
Table 106: Argentina Algae Market Size (US$ Mn) Forecast, by Technology, 2015–2024
Table 107: Peru Algae Market Size (Tons) Forecast, Application, 2015–2024
Table 108: Peru Algae Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 109: Peru Algae Market Size (Tons) Forecast, by Technology, 2015–2024
Table 110: Peru Algae Market Size (US$ Mn) Forecast, by Technology, 2015–2024
Table 111: Rest of Latin America Algae Market Size (Tons) Forecast, Application, 2015–2024
Table 112: Rest of Latin America Algae Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 113: Rest of Latin America Algae Market Size (Tons) Forecast, by Technology, 2015–2024
Table 114: Rest of Latin America Algae Market Size (US$ Mn) Forecast, by Technology, 2015–2024

This research study analyzes the market for algae in terms of revenue (US$ Mn) and volume (tons). The algae market has been segmented on the basis of application, cultivation technology, and geography. The geographical segmentation includes regions, which are further divided into 15 countries. The report features a detailed regional segmentation with market growth forecasts for the years from 2016 to 2024. 2015 has been considered the base year and 2016 the estimated year, while all forecasts have been given for the period from 2016 to 2024. Market data for all the segments has been provided at the regional and country-specific levels from 2016 to 2024. The report provides a broad competitive analysis of companies engaged in the development of algae cultivation technologies. The report also includes key market dynamics such as the drivers, restraints, and opportunities affecting the global algae market. These are analyzed in detail and illustrated in the report with supporting graphs and tables. The report also provides a comprehensive analysis of the market with the help of the Porter’s Five Forces Analysis model, which helps in understanding the factors that affect the structure and profitability of the global Algae market. These are the bargaining power of buyers, the bargaining power of suppliers, the threat of new entrants, the threat of substitutes, and the degree of competition. 

The high-level analysis in the report provides detailed insights into the algae business globally. There are currently numerous drivers for the market. The most prominent drivers include renewable energy growth, energy scarcity, and stringent government regulations to minimize carbon emissions. Market attractiveness analysis was carried out for the algae market on the basis of application, cultivation technology, region, and country. Market attractiveness was estimated on the basis of common parameters that directly impact the market. 

The algae cultivation process focuses on carbon capturing. These innovations have helped several companies involved in algae cultivation and production to generate funds from government and private investors. The governments of several countries are setting targets to minimize their carbon emissions leading to increased demand for algae-based products. Volatility in the supply and prices of crude resulting from geopolitical differences and varying demand from consumers further strengthens the possibility of using algae-based products. Blends of fossil fuels and algae-based biofuels are being utilized in the transportation sector to check the commercial viability of biofuels produced from algae. Full-scale biofuel commercialization requires robust investments on technological developments and more than ten times the expansion of existing production facilities. Minimizing the cost of end products such as jet fuel, kerosene, ethanol, and methanol manufactured from algal biomass is the primary concern. High growth of the algae-to-biofuel market is anticipated by 2035.

The global algae market has been segmented into two categories: by application and by cultivation technology. In terms of application, the algae market has been classified into marine sector, aviation sector, road transport, DHA production (protein sales), DHA production (pharmaceutical applications), bio-plastics, and others. In terms of cultivation technology, the algae market has been classified into open ponds cultivation technology, raceway ponds cultivation technology, closed Photo bioreactors, and closed fermenter systems cultivation technology.

In terms of geography, the market has been segmented into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. The U.S. is expected to remain the dominant market for algae, with demand reaching 7,246.67 tons by 2024. The U.S., Canada, and Mexico have stringent environmental regulations. These regulation would result in wide scale adoption of green-energy based products and services.

India is one of the fastest-growing economies in the world. Favorable government regulations and the emergence of medium and small enterprises in India have contributed significantly to the algae market.

Major players in the algae market are Algae Tec, Pond Biofuels Incorporated, LiveFuels, Inc., Algae Systems LLC, Sapphire Energy, Inc., Solazyme, Inc., Diversified Energy Corporation, Algenol, Kai BioEnergy Corp., Algix, DSM Nutritional Products, Dao Energy, LLC, Phycal LLC, and Kent BioEnergy Corporation.

Algae Market: By Application

  • Marine Sector
  • Aviation Sector
  • Road Transport
  • DHA Production (Protein Sales)
  • DHA Production (Pharmaceutical Applications)
  • Bioplastics
  • Others 

Algae Market: By Cultivation Technology

  • Open Ponds Cultivation Technology
  • Raceway Ponds Cultivation Technology
  • Closed Photo bioreactorCultivation Technology
  • Closed Fermenter Systems Cultivation Technology

Algae Market: By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Russia
    • The U.K.
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • Saudi Arabia
    • Nigeria
    • South Africa
    • Rest of Middle East and Africa
  • Latin America
    • Brazil
    • Argentina
    • Peru
    • Rest of Latin America


 
 
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