North America Algae Products Market Report and Forecast 2025-2034
Description
The North America algae products market size reached approximately USD 1.63 Billion in 2024. The market is projected to grow at a CAGR of 5.50% between 2025 and 2034, reaching a value of around USD 2.78 Billion by 2034.
As per the North America algae products market analysis, neutraceuticals and dietary supplements are expected to lead the demand. This is because of the rise of veganism in North America, which is prompting people to switch to vegetarian/vegan options for consuming omega-3 fatty acids which help in lowering blood pressure and minimising the risk of cardiovascular diseases. People are exploring algae-based supplements as an alternative to fish oils for improving their overall health. The products manufactured by the personal care industry are expected to make increasing use of algae for thickening skin creams and lotions and brightening dark spots and blemishes on the skin. Red, blue, green, and brown algae are expected to be used as extracts in the preparation of sensitive skincare products.
Canada is expected to account for a significant North America algae products market share. As a part of its climate action strategy, Canada can leverage the 17000 km long coastline of the provinces of Labrador and Newfoundland to cultivate seaweed, particularly kelp, for industrial and commercial applications. This includes using kelp as an ingredient in manufacturing shampoos and making biofuels.
The market is anticipated to grow due to the expansion of potential applications of algae products. A notable example of this is the creation of a wax-coated water-resistant jacket made from an algae-based bioplastic by a fashion designer based in New York. This innovative jacket was recognised and awarded the prestigious 2019 Innovation by Design Awards.
Market Segmentation
North America Algae Products Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Source:
Brown Algae
Red Algae
Green Algae
Blue-Green Algae
Market Breakup by Form:
Solid
Liquid
Market Breakup by Type:
Algal Protein
Alginate
Carrageenan
Carotenoids
Lipids
Others
Market Breakup by Application:
Personal Care
Food and Beverage
Nutraceuticals and Dietary Supplements
Animal Feed
Others
Market Breakup by Country:
United States of America
Canada
Competitive Landscape
The market participants are concentrating on technological innovations in algae cultivation to gain a competitive advantage.
BASF SE
Archer-Daniels-Midland Co.
Cyanotech Corporation
Corbion NV
Cellana, Inc.
Arizona Algae Products, LLC
Pond Technologies, Inc.
Algenol Biotech
Triton Algae Innovations
Smallfood Inc.
Others
As per the North America algae products market analysis, neutraceuticals and dietary supplements are expected to lead the demand. This is because of the rise of veganism in North America, which is prompting people to switch to vegetarian/vegan options for consuming omega-3 fatty acids which help in lowering blood pressure and minimising the risk of cardiovascular diseases. People are exploring algae-based supplements as an alternative to fish oils for improving their overall health. The products manufactured by the personal care industry are expected to make increasing use of algae for thickening skin creams and lotions and brightening dark spots and blemishes on the skin. Red, blue, green, and brown algae are expected to be used as extracts in the preparation of sensitive skincare products.
Canada is expected to account for a significant North America algae products market share. As a part of its climate action strategy, Canada can leverage the 17000 km long coastline of the provinces of Labrador and Newfoundland to cultivate seaweed, particularly kelp, for industrial and commercial applications. This includes using kelp as an ingredient in manufacturing shampoos and making biofuels.
The market is anticipated to grow due to the expansion of potential applications of algae products. A notable example of this is the creation of a wax-coated water-resistant jacket made from an algae-based bioplastic by a fashion designer based in New York. This innovative jacket was recognised and awarded the prestigious 2019 Innovation by Design Awards.
Market Segmentation
North America Algae Products Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Source:
Brown Algae
Red Algae
Green Algae
Blue-Green Algae
Market Breakup by Form:
Solid
Liquid
Market Breakup by Type:
Algal Protein
Alginate
Carrageenan
Carotenoids
Lipids
Others
Market Breakup by Application:
Personal Care
Food and Beverage
Nutraceuticals and Dietary Supplements
Animal Feed
Others
Market Breakup by Country:
United States of America
Canada
Competitive Landscape
The market participants are concentrating on technological innovations in algae cultivation to gain a competitive advantage.
BASF SE
Archer-Daniels-Midland Co.
Cyanotech Corporation
Corbion NV
Cellana, Inc.
Arizona Algae Products, LLC
Pond Technologies, Inc.
Algenol Biotech
Triton Algae Innovations
Smallfood Inc.
Others
Table of Contents
121 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Algae Products Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Algae Products Historical Market (2018-2024)
- 5.3 Global Algae Products Market Forecast (2025-2034)
- 5.4 Global Algae Products Market Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 North America Algae Products Market Overview
- 6.1 Key Industry Highlights
- 6.2 North America Algae Products Historical Market (2018-2024)
- 6.3 North America Algae Products Market Forecast (2025-2034)
- 7 North America Algae Products Market by Source
- 7.1 Brown Algae
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Red Algae
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Green Algae
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Blue-Green Algae
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 8 North America Algae Products Market by Form
- 8.1 Solid
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Liquid
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 9 North America Algae Products Market by Type
- 9.1 Algal Protein
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Alginate
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Carrageenan
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Carotenoids
- 9.4.1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 9.5 Lipids
- 9.5.1 Historical Trend (2018-2024)
- 9.5.2 Forecast Trend (2025-2034)
- 9.6 Others
- 10 North America Algae Products Market by Application
- 10.1 Personal Care
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Food and Beverage
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Nutraceuticals and Dietary Supplements
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 Animal Feed
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Others
- 11 North America Algae Products Market by Country
- 11.1 United States of America
- 11.1.1 Historical Trend (2018-2024)
- 11.1.2 Forecast Trend (2025-2034)
- 11.2 Canada
- 11.2.1 Historical Trend (2018-2024)
- 11.2.2 Forecast Trend (2025-2034)
- 12 Market Dynamics
- 12.1 SWOT Analysis
- 12.1.1 Strengths
- 12.1.2 Weaknesses
- 12.1.3 Opportunities
- 12.1.4 Threats
- 12.2 Porter’s Five Forces Analysis
- 12.2.1 Supplier’s Power
- 12.2.2 Buyer’s Power
- 12.2.3 Threat of New Entrants
- 12.2.4 Degree of Rivalry
- 12.2.5 Threat of Substitutes
- 12.3 Key Indicators of Demand
- 12.4 Key Indicators of Price
- 13 Competitive Landscape
- 13.1 Supplier Selection
- 13.2 Key Global Players
- 13.3 Key Regional Players
- 13.4 Key Player Strategies
- 13.5 Company Profiles
- 13.5.1 BASF SE
- 13.5.1.1 Company Overview
- 13.5.1.2 Product Portfolio
- 13.5.1.3 Demographic Reach and Achievements
- 13.5.1.4 Certifications
- 13.5.2 Archer-Daniels-Midland Co.
- 13.5.2.1 Company Overview
- 13.5.2.2 Product Portfolio
- 13.5.2.3 Demographic Reach and Achievements
- 13.5.2.4 Certifications
- 13.5.3 Cyanotech Corporation
- 13.5.3.1 Company Overview
- 13.5.3.2 Product Portfolio
- 13.5.3.3 Demographic Reach and Achievements
- 13.5.3.4 Certifications
- 13.5.4 Corbion NV
- 13.5.4.1 Company Overview
- 13.5.4.2 Product Portfolio
- 13.5.4.3 Demographic Reach and Achievements
- 13.5.4.4 Certifications
- 13.5.5 Cellana, Inc.
- 13.5.5.1 Company Overview
- 13.5.5.2 Product Portfolio
- 13.5.5.3 Demographic Reach and Achievements
- 13.5.5.4 Certifications
- 13.5.6 Arizona Algae Products, LLC
- 13.5.6.1 Company Overview
- 13.5.6.2 Product Portfolio
- 13.5.6.3 Demographic Reach and Achievements
- 13.5.6.4 Certifications
- 13.5.7 Pond Technologies, Inc.
- 13.5.7.1 Company Overview
- 13.5.7.2 Product Portfolio
- 13.5.7.3 Demographic Reach and Achievements
- 13.5.7.4 Certifications
- 13.5.8 Algenol Biotech
- 13.5.8.1 Company Overview
- 13.5.8.2 Product Portfolio
- 13.5.8.3 Demographic Reach and Achievements
- 13.5.8.4 Certifications
- 13.5.9 Triton Algae Innovations
- 13.5.9.1 Company Overview
- 13.5.9.2 Product Portfolio
- 13.5.9.3 Demographic Reach and Achievements
- 13.5.9.4 Certifications
- 13.5.10 Smallfood Inc.
- 13.5.10.1 Company Overview
- 13.5.10.2 Product Portfolio
- 13.5.10.3 Demographic Reach and Achievements
- 13.5.10.4 Certifications
- 13.5.11 Others
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