Algae Market

Transparency Market
Research
Algae Market ( Application - Marine Sector, Aviation Sector, Road Transport,
DHA Production (Protein Sales), DHA Production (Pharmaceutical Applications),
Bioplastics; Cultivation Technology - Open Ponds Cultivation, Raceway Ponds
Cultivation, Closed Phot
Published Date
20-Sep-2016
236 Page Report
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Press Release
Demand for Algae Cultivation on the Rise as Need for Biofuel Soars across
Energy Sector, finds TMR
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Algae Market
REPORT DESCRIPTION
Algae Market - Global Industry Analysis, Size, Share,Growth,Trends & Forecast : 2024
The global algae market is led by Algenol, Solazyme, Inc., and Sapphire Energy, Inc. and together these three companies
accounted for a massive 91.3% share in the overall algae market in 2015. Transparency Market Research states that this
immense consolidation of the competitive landscape has compelled players to establish strong distribution and sales
channels to gain an edge over others and to enhance their reach across potential markets.
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Some of the more successful strategies adopted by leading vendors are expansion of existing algae production facilities,
the commercialization of algae cultivation technologies, a focus on projects oriented toward the reduction of carbon
emissions, and targeting government and private investments for technological developments.
Strategic collaborations are also a sure-shot method of gaining market share, TMR finds. For instance, in August 2014,
Algae Systems LLC collaborated with Japan-based IHI Corporation to develop a new biofuel production process based on
the conversion of algae and wastewater into biofuel and clean water.
The opportunity in the global algae market stood at US$608.0 mn in 2015 and is projected to be worth US$1.1 bn by
2024, at a CAGR of 7.39% therein. By volume, the market is poised to expand at a 5.32% CAGR between 2016 and 2024.
Algae Used Extensively for DHA Production in Healthcare and F&B Sectors
Based on application, DHA production takes the lead in the global algae market and is expected to retain its lead
throughout the forecast period. Algal biomass is most extensively used in the production of DHA, which is used in the
healthcare, pharmaceutical, and food and beverages sectors. Within this segment, the pharmaceutical application subsegment
held a larger share of just under 28% in 2016, which is expected to decline over the coming years to make room
for the protein sales sub-segment. The aviation industry, on the other hand, is estimated to exhibit a high CAGR of 6.95%
from 2016 to 2024.
On the basis of technology, open ponds cultivation technology held the dominant share in the algae market, while the
closed photo bioreactors segment is projected to witness strong growth by 2024, in terms of both demand and sales.
Geographically, Asia Pacific will emerge as one of the most attractive segments, registering a value-based CAGR of 8.0%
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Algae Market
during the forecast period. In terms of percentage share, North America dominates the algae market and is expected to
generate US$344.49 mn by 2024.
Rising Application of Algae in Wastewater Treatment
An alarming rise in carbon emissions from various industries has resulted in a prominent shift from the use of fossil fuel
energy resources to renewable sources of energy. This has, in turn, fueled the demand for algae, which is a key
ingredient in the production of biofuel. “Many developed as well as developing nations have been focusing on the
utilization of renewable energy sources so as to be in line with strict emission norms and standards,” the author of the
study notes.
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In addition, the rising use of algae in wastewater treatment acts as a key growth driver. The surge in population and
industrial activities has caused the depletion of freshwater resources, which in turn, calls for the large-scale treatment of
waste water.
In contrast, high capital investments in the research and development of algae production and utilization act as a major
deterrent to the growth of the algae market. The declining prices of crude oil in recent times have also negatively
impacted the market as the use of crude oil-based fractions has increased.
This review is based on the findings of a TMR report titled “Algae Market (By Application, By Cultivation Technology, And
Geography) - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast 2016 - 2024.”
Algae Market: By Application
-Marine Sector
-Aviation Sector
-Road Transport
-DHA Production (Protein Sales)
-DHA Production (Pharmaceutical Applications)
-Bioplastics
-Others
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Algae Market
Algae Market: By Cultivation Technology
-Open Ponds Cultivation Technology
-Raceway Ponds Cultivation Technology
-Closed Photo bioreactor Cultivation Technology
-Closed Fermenter Systems Cultivation Technology
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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
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Algae Market
-Saudi Arabia
-Nigeria
-South Africa
-Rest of Middle East and Africa
-Latin America
-Brazil
-Argentina
-Peru
-Rest of Latin America
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Algae Market
TABLE OF CONTENT
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
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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
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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
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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
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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
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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
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13.3.14.2 Financial Overview
13.3.14.3 Business Strategy
13.3.14.4 SWOT Analysis
13.3.14.5 Recent Developments
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