Algae Supplements Market Size, Analysis, and Forecast Report 2019 to 2027 – The Think Curiouser

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Fact.MR has recently published a report, titled [Global Algae Supplements Market 2020 by Key Countries, Companies, Type and Application]. The research report provides an in-depth explanation of the various factors that are likely to drive the market. It discusses the future of the market by studying the historical details. Analysts have studied the ever-changing market dynamics to evaluate their impact on the overall market. In addition, the report also discusses the segments present in the market. Primary and secondary research methodologies have been used to provide the readers with an accurate and precise understanding of the overall The Algae Supplements market. Analysts have also given readers an unbiased opinion about the direction companies will take during the forecast period. 

The research report also includes the global market figures that provide historical data as well as estimated figures. It gives a clear picture of the growth rate of the market during the forecast period. The report aims to give the readers quantifiable data that is collected from verified data. The report attempts to answer all the difficult questions such as market sizes and company strategies. 

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Competitive Landscape

  • 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.

Doctor’s Best

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.

Now Foods

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.

Cyanotech Corporation

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.

global algae supplements market competition analysis

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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.

Research Scope

global algae supplements market research scope

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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Global Algae Supplements Market: Drivers and Restraints 

The report explains the drivers shaping the future of the Algae Supplements market. It evaluates the various forces that are expected to create a positive influence on the overall market. Analysts have studied the investments in research and development of products and technologies that are expected to give the players a definite boost. Furthermore, researchers have also included an analysis of the changing consumer behavior that is projected to impact the supply and demand cycles present in the global The Algae Supplements market. Evolving per capita earnings, improving economic statuses, and emerging trends have all been studied in this research report. 

The research report also explains the potential restraints present in the global The Algae Supplements market. It evaluates the aspects that are likely to hamper the market growth in the near future. In addition to this assessment, it also provides a list of opportunities that could prove lucrative to the overall market. Analysts provide solutions for turning threats and restraints into successful opportunities in the coming years. 

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Global Algae Supplements Market: Regional Segmentation 

In the successive chapters, analysts have studied the regional segments present in the global The Algae Supplements market. This gives the readers a narrowed-view of the global market enabling a closer look at the elements that could define its progress. It highlights myriad regional aspects such as the impact of culture, environment, and government policies that influence the regional markets. 

Global Algae Supplements Market: Competitive Landscape 

The last chapter of the global The Algae Supplements market research report focuses solely on the competitive landscape. It studies the key players present in the market. In addition to a brief overview of the company, analysts shed light on their valuation and evolution. It also mentions the list of important products and the ones in the pipeline. The competitive landscape is analyzed by understanding the strategies of the companies and the initiatives they have taken in recent years to overcome the intensive competition. 

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