Algae-based Products Market Research & Intelligence @ EAI

Algae Based Products

Algae – a vast collection of aquatic organisms, is emerging as one of the most promising sustainable source for a variety of applications. Research and innovations in the algae field has helped it find a role in diverse applications like biofuels, pharmaceuticals, food – in nutraceuticals and other functional foods, speciality chemicals, cosmetics, animal and fish feed and more. Against this background, it is hardly surprising that the algae products market is expected to reach US$ 44.7 billion by 2023, growing at a CAGR of more than 5% between 2016 and 2023.

What makes algae a wonder feedstock for these applications? The following aspects can give you a hint:

1. Algae does not require agricultural land and are known to grow very fast and efficiently.
2. Microalgal biomass is high in protein and oil content, making it an ideal source for biofuels and animal&fish feed.
3. Microalgal biomass is rich in micro-nurtrients that make it an excellent candidate for the nutraceutical market. Algae based strains, rich in minerals and nutrients, have anti-aging properties and find applications in cosmetics.
4. Macroalgae – the large algae that can grow in sea or seawater – has a high content of antioxidants, carotenoids and phenols, making them a potential source for pharmaceuticals. In the chemicals industry, seaweed, a type of macroalgae, finds application as fertilizers. Other algae species, due to their pigment types, are used as natural colorants.

As illustrated above, the product possibilities from algae are endless.

Although currently there is significant excitement around algae, the industry is not without its challenges.

• Developing algae based products into a commercial success is a challenge, mainly due to lack of awareness of its potential leading to lower than deserved demand.
• Another challenge is the availability of alternatives some of them economically more attractive than algae. Algal cultivation – especially microalgae cultivation – is fairly intricate and requires specific climatic and water conditions for good yield.
• Finally, at least some of the algal products need a stable and forward looking government policies and mandates to be assured of high market demand.

Thus, as with most emerging opportunities, algae-based products present a promising future but with challenges on the way. Hence, a balanced understanding of the opportunities the sector promises along with its inherent challenges is needed before investment decisions can be made.

 

If you are an investor or a key stakeholder keen on getting an expert market and feasibility study done for algae based products, whom can you approach?

This is where EAI’s Outsourced Research Assistance on Algae Based Products comes in.

   

Who will Benefit from Our Custom Research?

EAI can provide custom research on algae based products for the following stakeholders:

• Developers/Investors of Algae Based Products
• OEMs of Technology Solutions for Algae Cultivation & Processing
• Government & non–government organizations & agencies working in the algae products domain
• Academia & research institutions looking for authentic perspectives and market research inputs

 

What is the Scope of Our Custom Research?

Our team has excellent knowledge of the product and market for the algae based products:

• Algae-based nutraceuticals
• Algae-based specialty chemicals – for cosmetics and related industries
• Algae-based waste water treatment
• Algae-based CO2 Capture
• Bioplastics from algae
• Food additives & ingredients from algae such as carrageenan and alginates
• Algae-based biofuel – currently not economically viable except for very select end uses
• Emerging, innovative uses of algae – algae-based vegan eggs, algae-based beverages…

 

Specifically, our custom research can cover the following dimensions:

Why EAI for Outsourced Research for Algae Based Products?

EAI runs www.oilgae.com, the global information support resource exclusive for the algae industry

EAI is your ideal partner for custom research on algae based products because

• There are few consulting/research firms who understand the algae industry as well as we do – we have been operating in these domains for over 10 years!
• We can offer research intelligence on the entire value chain of algae based products and our publications has been read by the who’s who of the algae industry
• We can provide high quality market and business research assistance at a much lower cost than larger, horizontal research firms
• We are based out of India, a country known for its mature information and research outsourcing capabilities, and with a skilled workforce excellent in English

 

Some of our acclaimed reports and whitepapers in the algae domain

 

EAI’s Consulting Assistance in the Cleantech Domain

• Provided consulting assistance in diverse renewable energy & sustainability sectors spreading across Biomass, Biofuels, Sustainable Materials, Solar and Wind
• Has a client portfolio of 200+ companies, including top of the heap entities such as GE, Vedanta, World Bank, Bill & Melinda Gates Foundation, GSK & more.
• Strong team with diverse cleantech domain expertise and educational backgrounds from the top-tier institutes of India and abroad

EAI’s Research & Reports

• Our cleantech research reports have been used by over 2,500 prominent companies worldwide, including more than half in the Fortune 100 alone!
• Benefitted over 100,000 cleantech industry professionals and stakeholders in the past decade through our whitepapers and events.