Global Algae Market is anticipated to reach US$1.1 bn by 2024 : Transparency Market Research

Transparency Market
Research
Algae Market - Global Industry Analysis, Size, Share,
Growth, Trends, And Forecast 2016 - 2024
Published Date
20-Sept-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, And Forecast 2016 - 2024
Algae Market: Snapshot
The global algae market is developing at a gradual pace around the world, with a number of algae oil
production facilities yet to be fully commercialized. Growing concerns regarding the emission of greenhouse
gases have driven the adoption of renewable energy sources, algae being a prominent one. Apart from a rising
demand for algae-based biofuels in road, marine, and aviation applications, the plastics industry has also
upped its demand for algae to produce biodegradable plastics.
The global algae market was valued at US$608.0 mn in 2015 and is projected to reach US$1.1 bn by 2024, at
a CAGR of 7.39% therein. In terms of volume, the market is poised to expand at a 5.32% CAGR between 2016
and 2024.
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Low Investment Requirements Drive Adoption of Open Pond Cultivation Technology
In terms of cultivation technology, the algae market has been classified into open ponds cultivation technology,
raceway ponds cultivation technology, closed photo bio-reactors, and closed fermenter systems. On a global
scale, more than 80% of algal biomass is generated through open pond cultivation technology. Open pond
cultivation systems require low investment and as a result are utilized on a larger scale.
However, in recent years, established players such as Algae Tec and Solazyme, Inc. have been investing more
on emerging cultivation technologies such as closed photo bioreactors and fermenter systems for better
productivity under the close monitoring of automated systems.
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Closed photo bio-reactors are an emerging technology used to promote biological growth by controlling
environmental parameters such as light. The only disadvantages presented by this technology are high capital
costs and long payback periods.
Surge in Algae Cultivation in North America a Key Contributing Factor
In terms of geography, the global algae market comprises North America, Europe, Asia Pacific, the Middle East
and Africa, and Latin America. In 2015, North America led the global algae market. Countries such as the U.S.,
Canada, and Mexico house more than 135 companies engaged in algae cultivation and this is a key factor
driving the algae market in the region. The North America algae market is single-handedly driven by the U.S.,
constituting around 86.4% of the market by volume and around 87.6% by value in 2016. The U.S. is
anticipated to dominate the algae market through 2024 thanks to the expansion of production facilities and
efforts to overcome the demand-supply gap. The North America algae market is considerably more mature
than other regional markets such as Europe, Asia Pacific, Latin America, and MEA.
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Countries in Asia Pacific are focusing on algal biotechnology in wastewater bioremediation and CO2 capture
and utilization. Asia Pacific hosts five of the top 10 carbon emitters in the world –India, China, Japan,
Indonesia, and Iran – who contribute to more than 40% of the global emissions. Strong movements are under
way to fully commercialize the production of biofuels from algae. Currently, more than 50% of the algae
produced through various cultivation technologies are utilized in DHA production to manufacture chemical
components for medicines, health foods, cosmetics, and food additives.
Key players in the global algae market include Algae Tec, Pond Biofuels Incorporated, LiveFuels, Inc., Algae
Systems LLC, Sapphire Energy, Inc., Solazyme, Inc., Diversified Energy Corporation, Algenol, Kai BioEnergy
Corp., Algix, DSM Nutritional Products, Dao Energy, LLC, Phycal LLC, and Kent BioEnergy Corporation.
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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
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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
5.4.7. Others
5.5 Application Comparison Matrix
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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
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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
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
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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
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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
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
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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)
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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
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
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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
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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
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
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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
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13.3.14 Kent BioEnergy Corporation
13.3.14.1 Company Overview
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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The global algae market is developing at a gradual pace around the world, with a number of algae oil production facilities yet to be fully commercialized. Growing concerns regarding the emission of greenhouse gases have driven the adoption of renewable energy sources, algae being a prominent one. Apart from a rising demand for algae-based biofuels in road, marine, and aviation applications, the plastics industry has also upped its demand for algae to produce biodegradable plastics. The global algae market was valued at US$608.0 mn in 2015 and is projected to reach US$1.1 bn by 2024, at a CAGR of 7.39% therein. In terms of volume, the market is poised to expand at a 5.32% CAGR between 2016 and 2024.