Marine Algae Polysaccharides Market

Marine Algae Polysaccharides Market on the Basis of Source (Brown Algae, Green Algae, Red Algae), By Application and By Region - Global Market Insights 2023 to 2033

Analysis of Marine Algae Polysaccharides Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Marine Algae Polysaccharides Market Outlook (2023 to 2033)

According to Fact.MR, the sales for marine algae polysaccharides is grow from a valuation of US$ 1,205.7 million in 2023 to US$ 2,860.2 million by 2033. Global sales are predicted to increase at a 9.0% CAGR during the next ten years (2023 to 2033).

Key Trends Listed by Fact.MR :

  • Manufacturers choose a wide range of functionalities and properties that make them suitable for various applications.
  • Growing awareness of carbon sequestration and the reduction of greenhouse gas emissions. So algae can be used in wastewater treatment and aquaculture systems
  • Growing demand for natural and sustainable ingredients
  • Increasing awareness of the health benefits of polysaccharides
  • Rapid Growth in consumption of functional food and ingredient applications
  • The effectiveness and scalability of algae have increased due to developments in growth methods, biotechnology, and processing processes.
  • Governments and research organizations are making investments in the growth and promotion of companies related to algae.
  • With the increased focus on health and well-being, marine algae products are growing in popularity.

Complex carbohydrates called marine algal polysaccharides are derived from marine algae. They are found in a wide range of goods, including foods, cosmetics, and medications. seaweeds are used to collect maps, which are then extracted utilizing techniques such as steam extraction, enzymatic hydrolysis, and supercritical fluid. The precise procedure depends on the kind of algal polysaccharides extracted and the desired purity.

Marine algal polysaccharides are appealing for a range of applications due to their various properties. They offer a variety of performance qualities, such as gelling, thickening, and emulsifying, and are non-toxic and biodegradable. It is a good source of antioxidants and dietary fiber.

Marine macro algae’s polysaccharides are very different from those found in terrestrial plants, like cellulose and starch. Fucoidan and laminarin, two sulfated polysaccharides not found in any other species of seaweed, are present in the cell walls of brown seaweed. These three varieties of APS each have distinct physical and chemical traits that depend on the species, environment, season, and population age.

Numerous marine algal polysaccharides have generated a lot of attention for use in medicines, cosmetics, and functional foods. As structural elements of marine algae's cell walls, polysaccharides are a form of bio macromolecule. Marine algae polysaccharides are used in closely associated with pharmacological effects including anticoagulant, antioxidant, anticancer, and immunomodulatory.

Attributes

Key Insights

Estimated Global Market Size (2023E)

US$ 1,205.7 million

Projected Market Value (2033F)

US$ 2,860.2 million

Value-based CAGR (2023 to 2033)

9.0%

Top 3 Countrie’s Value

US$ 870.9 million

As per the Fact.MR analysis, global sales grew at a CAGR of 9.3% from 2018 to 2022. Over the next 10 years, the global market for marine algae polysaccharides is expected to expand at a CAGR of 9.0%.

There are several alternatives for conventional products and materials that are eco-friendly and sustainable in demand. It is a renewable resource since algae can be collected. Making the switch to marine algae polysaccharides is in line with the rising emphasis on environmental responsibility and lowering dependency on non-renewable resources. so that the manufacturers also shift towards Sustainability.

Customers are searching for clean-label and natural alternatives as they become more aware of the materials used in their products. When marine algal polysaccharides are collected from algae without the use of artificial chemicals or additives, they are frequently thought of as natural components. Consumer preferences for products with less synthetic or artificial components are in line with this natural attraction.

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Adjacent Markets Overview :

Marine Algae Market :

Attributes Marine Algae Market

CAGR (2023 to 2033)

4.8%

Market Value (2033)

US$ 5798.9 million

Growth Factor

Increased awareness of the health benefits in it as it contains good sources of vitamins, minerals, and antioxidants.

Opportunity

As human beings grow to be more aware of these issues of the production of animal merchandise, they are searching for more sustainable and environmentally friendly food alternatives.

Key Trends

Consumer demand is driving advancements in cosmetics made with safe ingredients. They prefer cosmetics made of natural ingredients that work actively on their skin, and they are willing to pay more for products that promise greater skin benefits.

Algae Products Market :

Attributes Algae Products Market

CAGR (2023 to 2033)

5.4%

Market Value (2033)

US$ 9150.4 million

Growth Factor

The flexibility of natural goods and the related health advantages have been the key drivers of the growth of the market for algal products.

Opportunity

Rising demand for nutrient-dense food items and rising use of protein supplements. Give a boost to the supplement manufacturers

Key Trends

Demand for natural food ingredients has increased as consumers preferences for organic food products grow.

Microalgae Market :

Attributes Microalgae Market

CAGR (2023 to 2033)

7.0%

Market Value (2033)

US$ 18,305.1 million

Growth Factor

The increasing use of algae photo bioreactors as a source of bulk proteins is anticipated to fuel market expansion.

Opportunity

Due to their advantageous characteristics compared to other protein sources, these proteins are essential to supplying the world's needs.

Key Trends

Expanding the use of algal proteins to lower the risk of contracting specific illnesses.

Country-wise Insights :

North America - CAGR

Country CAGR (%)
United States 15.2%

Europe - CAGR

Country CAGR (%)
United Kingdom 7.5%

Asia Pacific - CAGR

Country CAGR (%)
China 11.5%
India 12.8%
Japan 9.4%

North America - BPS Analysis

Country BPS Analysis
North America 140

Europe - BPS Analysis

Country BPS Analysis
United Kingdom 40

Asia Pacific - BPS Analysis

Country BPS Analysis
China 110
India 80
Japan 90

North America - Market Value (2033)

Country Market Value (2033)
North America US$ 879.1 million

Europe - Market Value (2033)

Country Market Value (2033)
United Kingdom US$ 285.0 million

Asia Pacific - Market Value (2033)

Country Market Value (2033)
China US$ 405.1 million
India US$ 524.5 million
Japan US$ 471.1 million

Will the Marine Algae Polysaccharides Market Change in the United Kingdom?

The United Kingdom government regulatory standards contribute to the growth of the market

Fact.MR predicts that by 2033, the Marine Algae Polysaccharides market in the United Kingdom would have grown by US$ 879.1 million. The Europe market is projected to exhibit phenomenal growth CAGR of 7.5% over the forecast period

The use of marine algal polysaccharides in food, medicine, cosmetics, and other industries is governed by UK law. As the market develops, regulatory organizations might establish certain standards, instructions, and safety limitations for the use of marine algal polysaccharides. These rules have the power to alter market dynamics and guarantee the dependability and quality of goods made from these resources.

Also, the United Kingdom has a vibrant entrepreneurial subculture and a favorable commercial enterprise environment that encourages innovation and the improvement of recent industries. Numerous start-ups and businesses focused on the cultivation, processing, and marketing of algae have resulted from this. The entrepreneurial environment supports the growth and expansion of firms based on algae and promotes market competition.

What is the Demand Outlook for the Marine Algae Polysaccharides in Indian Market?

Use of Marine Algae Polysaccharides for Sustainability Driving Demand in India

According to Fact.MR analysis, the marine algae polysaccharides market in India is anticipated to rise at an outstanding CAGR of 12.8% during the evaluation year by 2033, it is expected that India's market will have increased to a value of US$ 524.5 million.

In India, there is a rising demand for sustainable and natural goods. A lot of useful substances are found naturally and sustainably in marine algae polysaccharides. This increases its demand for several foods, cosmetics, and pharmaceutical items which is driven by this expanding demand.

Several synthetic substances can be replaced by maps as they are sustainable and natural. They are a better option for a number of applications as they have non-toxic and biodegradable. There is a need for it in a range of culinary, cosmetic, and pharmaceutical items is anticipated to increase in India due to the rising desire for natural and sustainable products.

Also, Agriculture is using the potential of marine algae polysaccharides as bio stimulants, soil conditioners, and crop protection agents. They can improve soil fertility, encourage plant growth, and act as natural pesticides. India is placing more and more emphasis on sustainable agricultural methods.

The need for marine algae polysaccharides in agriculture is anticipated to increase as India places more attention on sustainable farming practices. These polysaccharides provide a natural and environmentally beneficial substitute for traditional chemical inputs, in line with the rising popularity of organic and sustainable farming methods in the nation.

Will China Dominate the East Asia Marine Algae Polysaccharides?

Increasing R&D of Marine Algae Polysaccharides in China

During the forecast period from 2023 to 2033, demand for marine algae polysaccharides in China is anticipated to increase steadily at a CAGR of 11.5%. By the end of 2033, the China market is expected to expand by US$ 405.1 million, according to the Fact.MR analysis.

China has made several investments in marine biotechnology-related research and development (R&D). There are several studies on the extraction, purification, and application of marine algal polysaccharides are included in this. The research & development initiatives raise product quality, improve extraction processes, and boost industry innovation.

Polysaccharides from marine algae are used in various products, including food and drink, medicine, cosmetics, and biofuels. The market for marine algae polysaccharides has expanded as a result of the rising demand for natural and sustainable goods worldwide.

China is a big exporter of goods to foreign markets and has a sizable domestic market due to its enormous population and growing middle class. In the upcoming years, these elements are likely to support China to dominate the marine algae polysaccharides market in East Asia.

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Category-wise Insights :

What is the reason behind the Brown Algae Significant Growth?

Increasing Multiple uses of brown algae in the various products

Based on the Source, demand is projected to remain high for the Brown algae Polysaccharides during the assessment period. As per Fact.MR, with a CAGR of 6.3%, the brown algae segment is capturing a valuation of US$ 440.5 million in 2033.

Brown algae have been demonstrated to contain bioactive compounds with possible health benefits, including fucoidan, laminarin, and others. Fucoidan, for instance, has been shown to have anti-inflammatory, immune-modulating, and antioxidant properties.

According to a study, these bioactive chemicals have several health benefits, including potential anti-cancer, anti-viral, and anti-coagulant actions. The market for brown algae and the goods made from them has increased due to the growing interest in natural and advantageous components.

Brown algae are growing commercial attention due to their potential uses in the creation of biofuels, bioplastics, and wastewater treatment. several firms are using brown algae for a variety of purposes. Brown algae's alginate is utilized as a thickener, stabilizer, and gelling agent in the production of foods and beverages. Aside from food, brown algae extracts are also used in cosmetics due to their moisturizing, anti-aging, and skin-rejuvenating qualities.

Which application of Marine Algae Polysaccharides gaining traction in the market?

Increasing use of marine algae polysaccharides in food and beverage

As per Fact.MR Analysis, the food and beverage segment is anticipated to thrive at 9.6% CAGR during the projection period to reach a market valuation of US$ 790.5 million in 2033.

The food and beverage industry has historically been significant in using these chemicals. They are used as stabilizers, thickeners, and gelling agents in a variety of food and beverage products. Two of the marine algae-derived polysaccharides that are most frequently utilized in the food industry are carrageenan and alginate.

For improved texture and water retention, carrageenan is frequently used in meat and poultry products. It is also used in dairy and non-dairy treats including ice cream, chocolate milk, and puddings. Contrarily, alginate is employed as a stabilizing and thickening agent in commodities including sauces, dressings, baked goods, and beverages.

The need for marine algal polysaccharides in the food and beverage sector is driven by the need for texture improvement, stability improvement, and sensory optimization. These polysaccharides offer useful properties that support the proper viscosity, mouthfeel, and particle dispersion of food products. which is likely to increase in the upcoming forecasted years.

Competitive Landscape :

In order to keep up with consumer demand, top producers frequently introduce a new line of goods. To obtain a competitive edge in the market, they are also employing techniques including mergers and acquisitions, partnerships, distribution agreements, collaborations, ads, and celebrity endorsements.

For instance :

  • In 2021, With the addition of SatiagelTM VPC614, a Kappa carrageenan for high-gelling applications and solid formulations, Cargill Launched in the carrageenan portfolio.
  • In 2023, GC Riebe Vivo Mega launched highly concentrated vegan omega-3 oil made from microalgae under the brand name Vivo Mega Algae Oils.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Scope of the Report :

Attribute Details

Market Size Value in 2023

US$ 1,205.7 million

Market Forecast Value in 2033

US$ 2,860.2 million

Anticipated Growth Rate (2023 to 2033)

9.0%

Forecast Period

2023 to 2033

Historical Data Available for

2018 to 2022

Market Analysis

Volume (MT) and Value (US$ Million)

Key Regions Covered

  • Latin America
  • North America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Key Countries Covered

  • Canada
  • United States
  • Mexico
  • Brazil
  • Chile
  • Peru
  • Argentina
  • Germany
  • France
  • Italy
  • Spain
  • United Kingdom
  • Netherlands
  • Belgium
  • Nordic
  • Russia
  • Poland
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Singapore
  • Australia
  • New Zealand
  • GCC Countries
  • South Africa
  • Central Africa
  • Others

Key Market Segments Covered

  • Source
  • Application
  • Region

Key Companies Profiled

  • Cargill, Incorporated
  • Acadian Seaplants Limited
  • CP Kelco
  • Dow Chemical Company
  • E. I. du Pont de Nemours and Company
  • Qingdao Gather Great Ocean Algae Industry Group (GGOG)
  • Seasol International Pty Ltd
  • Yan Cheng Hairui Food Co., Ltd.
  • Ocean Harvest Technology Limited
  • Mara Seaweed
  • Ingredients Solutions Inc. (ISI)
  • Marcel Carrageenan
  • Companhia Portuguesa de Algas (CODIAP)
  • Bright Moon Seaweed Group Co., Ltd
  • Agarmex

Marine Algae Polysaccharides Market by Category :

  • By Source :

    • Brown Algae
    • Green Algae
    • Red Algae
    • Others
  • By Application :

    • Food & Beverage
    • Nutraceutical
    • Pharmaceuticals
    • Cosmetics & Personal Care
    • Others
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia
    • Oceania
    • Middle East & Africa

- FAQs -

What is the estimated value of the global Marine Algae Polysaccharides Market in 2023?

The global market is estimated to reach a valuation of about US$ 1,205.7 million in 2023.

What is the growth projection for the worldwide Marine Algae Polysaccharides industry by 2033?

The global market value is projected to reach US$ 2,860.2 million by 2033.

At what rate is global demand for Marine Algae Polysaccharides expected to increase from 2023 to 2033?

Global demand is expected to increase at a CAGR of around 9.0% through 2033.

Which region is expected to hold a prominent market share by 2033?

The United States is expected to have a market share of 34.9% by the end of 2033.

What was the historical CAGR for the Marine Algae Polysaccharides Market?

Global demand registered a CAGR of 9.3% historically, from 2018 to 2022.

- Also of Interest -

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Marine Algae Market Analysis on the Basis of Type (Brown Algae, Green Algae, Blue-Green Algae, Red Algae), By Application and Region - Global Market Insights 2023 to 2033

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Marine Algae Polysaccharides Market

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