(Food-Beverage-News.Com, May 22, 2018 ) A large and diverse group of organisms of photosynthetic origin which are not generally related closely, and are thus polyphyletic are known as algae and alga as singular. These organisms range from being unicellular such as Chlorella to multicellular organisms such as the giant kelp which grows to up to 50 meters. Most of the algae are autotrophic and aquatic and the lack the distinction between the types of tissues and cells, such as that of xylem, stomata, phloem which are commonly found in plants on land. The uses of algae are in a variety of application ranging from agar, alginates, their use as an energy source, as a fertilizer, for the purposes of nutrition, for the control of pollution, in polymers, in pigments and as well as their application as stabilizing substances in many reactions.
Market Underlying Factors The use of Algae Ingredients in the product helps in boosting the product value of the item. The factors promoting the growth of the market include the increasing application of algal ingredients in the segments of food as well as pharmaceuticals, given that the source of raw materials for these ingredients is relatively cheap and the increasing awareness about the benefits of omega 3 fatty acids. However, the market is restrained by factors such as high costs of processing and concerns pertaining to health and safety.
As of now, Middle East with its relatively developed market and increasing use of Algae ingredients accounts for the largest share of the Middle East and Africa Algae Ingredients market, followed by Africa. The market in this region faces relatively slower growth when compared to rest of the world, but the market is expected to experience growth in the near future as the market is eventually tapped by private players and more customers are accesses.
The major market contributors for the Middle East and Africa Algae Ingredients market are Archer Daniels Midland Company, DSM, BASF, DuPont, Cargill, Cyanotech, Roquette, Fuji Chemicals, FMC Corporation and Omega Protein Corporation.
About MarketDataForecast™ Market Data Forecast is a market research firm offering syndicated research, consults and industry newsletters across various domains & verticals. With a well-established in-house team of experts from diverse fields and outsource research network across 100+ countries, we are the sole research providers for the majority of Fortune 500 companies. Along with the standards of reports being on par excellence, our unique services like free customization, analyst support for the period of six months post to the purchase will be the flag bearers and differentiates us from the rest. Our experience and in-depth understanding of various business environments will be a support to you and your organization in making well-informed decisions.
Contact Information: Name: Mr. Abhishek Shukla Email: abhishek@marketdataforecast.com Organization: MarketDataForecast™ Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India. Phone: +1-888-702-9626
