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Algae
The algae industry is registering significant traction from last few decades with increasing demand for algae-based protein, lipids, omega-3 fatty acids, algal pigments, and other products. The demand for algae products is particularly driven by the health and wellness trends supporting the growth of the dietary supplements and nutraceuticals industry, increasing demand for natural food colors, consumer preference towards clean-label products, and rising demand for organic & vegan food & cosmetics products.
To capitalize on the high growth in the algae industry and to gain the competitive edge, many vendors in this market are investing heavily in innovative technologies like Pulsed Electric Field (PEF) Technology for the extraction of oils from algal cells early in the biorefining process, enzymatic hydrolysis for bioethanol production from algae feedstock, and many others. These technologies will empower the manufacturers with enhanced and efficient production and help them with timely delivery of required ingredients to meet industry demand.
We at Meticulous Research® help global players operating in the algae products ecosystem to explore new opportunities and provide them solutions specifically tailored to capture the high growth anticipated in this market.
Drivers
Inclination towards health & wellness trends and growing dietary supplements and nutraceuticals industry
Consumer preference for clean-label products
Growing demand for algae products from the pharmaceutical and nutraceuticals industries
Increasing demand for natural food colors
Growing focus on R&D for algae-based biofuel production
Increasing consumer awareness about the health benefits of omega-3 PUFA and rising demand for omega-3 fatty acids
Growing demand for protein-rich and lipid-rich aquafeed
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