Middle East and Africa Algae Ingredients Market was worth USD XX million in 2022 and estimated to be growing at a CAGR of XX%, to reach USD XX million by 2027.
Algae are a varied group of aquatic organisms capable of performing photosynthesis. Algae are mostly used in the food industry due to their wide use applications as functional ingredients. Algae are a rich source of essential oils like omega 3 fatty acids and PUFA, which are also used in pharmaceuticals and health food products.
The Middle East and Africa market for Algae Ingredients is segmented
based on
Source
Application
Ingredient Type
Based on Source
Green Algae
Red Algae
Blue Algae
Brown Algae
Based on Application
Food
Pharmaceuticals
Animal Nutrition
Cosmetics
Based on Ingredient
Dried Algae
Omega 3 Fatty Acids and PUFA
Carrageenan
Alginate
Agar
B-Carotene
Based on the 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.
UAE
Israel
KSA
South Africa
Egypt
Algae Ingredients Market is divided into regions of the Middle East and Africa. The Middle East 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. The Middle East is also the fastest-growing region due to increasing demand and product innovation and increasing disposable income.
Archer Daniels Midland Company
DSM
BASF
DuPont
Cargill
Cyanotech
Roquette
Fuji Chemicals
FMC Corporation
Omega Protein Corporation
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