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The latest market report published by Credence Research, Inc. is “Global Edible Algae Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Edible Algae Market generated revenue of around USD () billion in 2021 and is anticipated to grow a CAGR of over ()% during the forecast period from 2022 to 2028 to reach around USD () billion in 2028. 

The growing pharmaceutical industry of algae for the production of antiviral drugs, neuroprotective products and antifungal drugs is expected to drive the edible algae market. The main drivers are the steady growth of the global population and increasing demand for food products. The growing use of algae in livestock, poultry and aquaculture is helping to grow the market. This can be seen in the fact that algae fuels are liquid fossil fuels used as an energy-rich source of oil. Algae also makes a good biofuel, such as corn or sugarcane. These factors will help drive the growth of the edible algae market during the forecast period.

The global edible algae market is bifurcated into Product Type, Form Type, End-Use, Sales Channel, and Geography. Based on Product Type, the market is categorized into red algae, brown algae, and brown algae. Based on form type, the global market is segmented into liquid and dried. Based on end-use, the global market is segmented into pharmaceutical, food & beverage, chemical, and other. Based on sales channels, the global market is segmented into supermarkets and hypermarkets, e-commerce, convenience stores, and others. Based on geography, the market is segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

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In 2021, Asia-Pacific holds the highest share in the global edible algae market. Due to increasing consumer awareness, high consumption of edible algae products, food products and functional foods are being consumed in emerging countries such as India and China. India and China have focused on research and development projects in algae products to control pollution and stimulate market growth. In addition, the growing demand for nutritional products and the pharmaceutical industry is driving the growth of the edible algae market in the Asia-Pacific region.  

Why to Buy This Report-

1.3.1. Phase I – Secondary Research

1.3.2. Phase II – Primary Research

1.3.3. Phase III – Expert Panel Review

2.1. Market Snapshot: Global Edible Algae Market

2.2. Global Edible Algae Market, By Product Type

2.3. Global Edible Algae Market, By Form Type

2.4. Global Edible Algae Market, By End-Use

2.5. Global Edible Algae Market, By Sales Channel

2.6. Global Edible Algae Market, By Region

3. Market Dynamics & Factors Analysis

3.1.1. Global Edible Algae Market Value, 2016-2028, (US$ Bn)

4.1. STAR (Situation, Task, Action, Results) Analysis

4.2. Porter’s Five Forces Analysis

4.2.2. Bargaining Power of Buyers/Consumers

5. Market Positioning of Key Players, 2021

5.1. Company market share of key players, 2021

5.3. Market Positioning of Key Vendors

5.5. Major Strategies Adopted by Key Players

6.1. Global Edible Algae Market Pre Vs Post COVID 19, 2019 – 2028

6.2. Impact on Import & Export

6.3. Impact on Demand & Supply

7. Global Internet of Things Market

7.1. Global Edible Algae Market, by Product Type, 2016-2028(US$ Bn)

7.1.2. Global Edible Algae Market, By Product Type, 2021 vs 2028 (in%)

7.1.3. Global Edible Algae Market, By Red Algae, 2016-2028 (US$ Bn)

7.1.4. Global Edible Algae Market, By Brown Algae, 2016-2028 (US$ Bn)

7.1.5. Global Edible Algae Market, By Green Algae, 2016-2028 (US$ Bn)

7.2. Global Edible Algae Market, by Form Type, 2016-2028(US$ Bn)

7.2.2. Global Edible Algae Market, By Form Type, 2021 vs 2028 (in%)

7.2.3. Global Edible Algae Market, By Liquid, 2016-2028 (US$ Bn)

7.2.4. Global Edible Algae Market, By Dried, 2016-2028 (US$ Bn)

7.3. Global Edible Algae Market, by End-Use, 2016-2028(US$ Bn)

7.3.2. Global Edible Algae Market, By End-Use, 2021 vs 2028 (in%)

7.3.3. Global Edible Algae Market, By Pharmaceutical Industry, 2016-2028 (US$ Bn)

7.3.4. Global Edible Algae Market, By Food & Beverage Industry, 2016-2028 (US$ Bn)

7.3.5. Global Edible Algae Market, By Chemical Industry, 2016-2028 (US$ Bn)

7.3.6. Global Edible Algae Market, By Other Industry, 2016-2028 (US$ Bn)

7.4. Global Edible Algae Market, by Sales Channel, 2016-2028(US$ Bn)

7.4.2. Global Edible Algae Market, By Sales Channel, 2021 vs 2028 (in%)

7.4.3. Global Edible Algae Market, By Supermarkets & Hypermarkets, 2016-2028 (US$ Bn)

7.4.4. Global Edible Algae Market, By E-commerce, 2016-2028 (US$ Bn)

7.4.5. Global Edible Algae Market, By Convenience Stores, 2016-2028 (US$ Bn)

7.4.6. Global Edible Algae Market, By Others, 2016-2028 (US$ Bn)

8. North America Edible Algae Market Analysis

9. Europe Edible Algae Market Analysis

10. Asia Pacific Edible Algae Market Analysis

11. Latin America Edible Algae Market Analysis

12. Middle East and Africa Edible Algae Market Analysis

12.1. Middle East and Africa Edible Algae Market, by Product Type, 2016-2028(US$ Bn)

12.2. Middle East and Africa Edible Algae Market, by Form Type, 2016-2028(US$ Bn)

12.3. Middle East and Africa Edible Algae Market, by End-Use, 2016-2028(US$ Bn)

12.4. Middle East and Africa Edible Algae Market, by Sales Channel, 2016-2028(US$ Bn)

12.5. Middle East and Africa Edible Algae Market, by Country, 2016-2028 (US$ Bn)

12.5.1.1. GCC Countries il Edible Algae Market Estimates and Forecast, 2016-2028 (US$ Bn)

12.5.1.2. GCC Countries Edible Algae, By Product Type, 2016-2028 (US$ Bn)

12.5.1.3. GCC Countries Edible Algae, By Form Type, 2016-2028 (US$ Bn)

12.5.1.4. GCC Countries Edible Algae, By End-Use, 2016-2028 (US$ Bn)

12.5.1.5. GCC Countries Edible Algae, By Sales Channel, 2016-2028 (US$ Bn)

12.5.2.1. South Africa Edible Algae Market Estimates and Forecast, 2016-2028 (US$ Bn)

12.5.2.2. South Africa Edible Algae, By Product Type, 2016-2028 (US$ Bn)

12.5.2.3. South Africa Edible Algae, By Form Type, 2016-2028 (US$ Bn)

12.5.2.4. South Africa Edible Algae, By End-Use, 2016-2028 (US$ Bn)

12.5.2.5. South Africa Edible Algae, By Sales Channel, 2016-2028 (US$ Bn)

12.5.3. Rest of Middle East and Africa

12.5.3.1. Rest of Middle East and Africa Edible Algae Market Estimates and Forecast, 2016-2028 (US$ Bn)

12.5.3.2. Rest of Middle East and Africa Edible Algae, By Product Type, 2016-2028 (US$ Bn)

12.5.3.3. Rest of Middle East and Africa Edible Algae, By Form Type, 2016-2028 (US$ Bn)

12.5.3.4. Rest of Middle East and Africa Edible Algae, By End-Use, 2016-2028 (US$ Bn)

12.5.3.5. Rest of Middle East and Africa Edible Algae, By Sales Channel, 2016-2028 (US$ Bn)

13.1.4.1. Market Revenue and Net Profit (2019-2021)

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