Global Algae Fats Strategic Business Report 2023: Sector is Expected to Reach $1.5 Billion by 2030


Dublin, Nov. 03, 2023 (GLOBE NEWSWIRE) -- The "Algae Fats - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Algae Fats estimated at US$1.1 Billion in the year 2022, is projected to reach a revised size of US$1.5 Billion by 2030, growing at a CAGR of 3.4% over the analysis period 2022-2030.

Foods & Supplements, one of the segments analyzed in the report, is projected to record a 3.4% CAGR and reach US$854.4 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Pharmaceuticals & Therapeutics segment is readjusted to a revised 3.7% CAGR for the next 8-year period.



The U.S. Market is Estimated at $305.2 Million, While China is Forecast to Grow at 6% CAGR

The Algae Fats market in the U.S. is estimated at US$305.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$299.7 Million by the year 2030 trailing a CAGR of 6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 4.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$194.4 Million by the year 2030.

Select Competitors (Total 46 Featured) -

  • Archer Daniels Midland Company
  • BASF SE
  • Bunge Ltd.
  • Corbion NV
  • Cyanotech Corporation
  • Royal DSM NV

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages196
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$1.1 Billion
Forecasted Market Value (USD) by 2030$1.5 Billion
Compound Annual Growth Rate4.0%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Algae Fats - Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/uz34ji

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Attachment

 
Global Market for Algae Fats

Contact Data