Algae are mostly used in food industry due to their wide use of applications as functional ingredients. Algae are a rich source for essential oils like omega 3 fatty acids and PUFA, which are also used in pharmaceuticals and health food products.
Latin America Algae Ingredients Market was worth USD XX million in 2018 and estimated to be growing at a CAGR of XX%, to reach USD XX million by 2023. Algae are a varied group of aquatic organisms capable of performing photosynthesis.
Primary factors accounted for driving the market are increasing applications in functional food segments and pharmaceutical products, the source for raw materials is cheaper, increasing awareness regarding the benefits and necessity of omega 3 fatty acids. However, factors like high processing and production costs and health and safety concerns regarding the algae extraction are hindering the growth of the market.
Latin America market for Algae Ingredients is segmented based on Source, Application and Ingredient Type. Based on Source it is divided into Green Algae, Red Algae, Blue Algae and Brown Algae. Based on Application it is divided into Food, Pharmaceuticals, Animal Nutrition, Cosmetics, and Others. Based on Ingredient Type it is divided into Dried Algae, Omega 3 Fatty Acids and PUFA, Carrageenan, Alginate, Agar, B-Carotene, and Others. Based on the geographical analysis, the market is divided into regions of Brazil, Argentina, Mexico and Rest of Latin America. Brazil holds the major share in the market due to the presence of market leaders as well as a sophisticated food industry and algae’s extensive use in food products. Argentina is the fastest growing region due to increasing demand and product innovation and increasing disposable income. Based on Application Food application is the most widespread due to increasing demand for fortified and functional foods while the pharmaceutical segment is expected to grow the fastest due to increasing expenditure on drug discovery and development. Based on ingredient type Omega 3 Fatty acids and PUFA are the most used type due to their applications in functional foods and pharmaceuticals.
Some of the key players dominating this market include Archer Daniels Midland Company, DSM, BASF, DuPont, Cargill, Cyanotech, Roquette, Fuji Chemicals, FMC Corporation and Omega Protein Corporation.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Source Type
5.1.1 Introduction
5.1.2 Green Algae
5.1.3 Red Algae
5.1.4 Blue Algae
5.1.5 Brown Algae
5.1.6 Others
5.1.7 Y-o-Y Growth Analysis, By Source Type
5.1.8 Market Attractiveness Analysis, By Source Type
5.1.9 Market Share Analysis, By Source Type
5.2 Application
5.2.1 Introduction
5.2.2 Food
5.2.3 Pharmaceuticals
5.2.4 Animal Nutrition
5.2.5 Cosmetics
5.2.6 Others
5.2.7 Y-o-Y Growth Analysis, By Application
5.2.8 Market Attractiveness Analysis, By Application
5.2.9 Market Share Analysis, By Application
5.3 Ingredient Type
5.3.1 Introduction
5.3.2 Dried Algae
5.3.3 Omega 3 Fatty Acids and PUFA
5.3.4 Carageenan
5.3.5 Alginate
5.3.6 Agar
5.3.7 B-Carotene
5.3.8 Other Applications
5.3.9 Y-o-Y Growth Analysis, By Ingredient Type
5.3.10 Market Attractiveness Analysis, By Ingredient Type
5.3.11 Market Share Analysis, By Ingredient Type
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Source Type
6.1.3.3 By Application
6.1.3.4 By Ingredient Type
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Source Type
6.1.4.3 By Application
6.1.4.4 By Ingredient Type
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Source Type
6.1.5.3 By Application
6.1.5.4 By Ingredient Type
6.2 Brazil
6.3 Mexico
6.4 Rest of Latin America
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Archer Daniel Midland Company
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 DSM
8.3 BASF
8.4 Cargill
8.5 Dupont
8.6 Cyanotech
8.7 Roquette
8.8 Fuji Chemicals
8.9 FMC Corporation
8.10 Omega Protein Corporation
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
