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Algae Market
Algae Market by Type (Macroalgae/Seaweed {Red, Brown}, Microalgae {Spirulina, Chlorella, D. Salina}), Distribution Channel (B2B, B2C), Form (Dry, Liquid), Application (Nutraceuticals, Food & Beverages, Animal Feed, Cosmetics) - Global Forecast to 2030
Report ID:MRFB - 104740 Pages: 300 Jun-2024 Formats*: PDF Category: Food and Beverages Delivery: 24 to 72 HoursThis report is executed in collaboration with the European Algae Biomass Association (EABA). Combining Meticulous Research®’ market intelligence services with EABA’s broad expertise in the development of research, technology and industrial capacities in the field of algae, the two organizations have leveraged their research capabilities to come up with the most reliable and accurate market assessments in this field.
The Algae Market is expected to reach $29.8 billion by 2030, at a CAGR of 9.3% during the forecast period of 2024 to 2030. The growth of this market is mainly attributed to the inclination towards health & wellness trends and the growing dietary supplements industry, growing demand for natural food colors, rising vegetarianism, growing nutraceutical industry, increasing preference for algae-sourced products, and growing government initiatives to boost seaweed cultivation. However, low awareness about the benefits of algae and the complex production process of algae products is expected to hinder the growth of the global algae market to some extent.
The Impact of COVID-19 on the Algae Market
The COVID-19 pandemic has adversely hit many economies around the world. Government measures to combat the COVID-19 pandemic, such as nationwide lockdowns and quarantines, have negatively impacted many industries. Most manufacturers of food products in the F&B sector have felt the brunt of the pandemic. Social distancing, self-isolation, and city-wide lockdowns have forced the closures of many establishments in countries across the world.
The pandemic strained consumer F&B product manufacturers due to reduced consumption and disrupted supply chains. The F&B sector witnessed a minor decline due to the lockdowns imposed across various countries. This scenario negatively impacted the confectionery industry since people only purchased essential products. In addition, government bodies passed various rules and regulations on purchasing essential goods. According to trade organizations in the nutritional products industry, there has been a significant impact on the global supply chain for functional foods and dietary supplements, which has, in turn, lowered the consumption of microalgal biomass among end-users impacting the growth of this market.
In the algae industry, a major slowdown in algae sales was witnessed in the first quarter of 2020 due to disruptions in logistics and transportation. The market also witnessed interruptions in the entire value chain from raw materials supply for culture media to production, packaging, and biomass distribution.
The effects of the COVID-19 pandemic on this market were felt in China starting in 2020, as the country is one of the world's largest producers and one of the leading consumers of algal species. In China, factory closures, algae processing facilities operating at reduced capacities, and restrictions on importing and exporting algae biomass strongly impacted the algae market. Moreover, the pandemic also adversely impacted the algae market in many countries, including the U.S., India, Australia, Brazil, and the EU-5 countries. Due to the countrywide lockdown in India, many commercial algae production and processing facilities shut down or were operating at reduced capacities, leading to substantial losses in domestic algal production.
However, good nutrition intake is the top priority to maintain an optimal immune system, supporting the strong demand for plant and algae protein food products & beverages through e-commerce platforms. In addition, some of the algal protein products are considered to support the human immune system. For instance, spirulina has immune-boosting and anti-viral properties.
Thus, demand for microalgal species, such as spirulina and chlorella, increased during the COVID-19 pandemic as the focus on the nutritional content increased. Despite the increase in demand, there were hindrances in the supply chain due to the lockdown imposed by governments in many countries. This supply chain got back on track post-lockdown.
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Growing Nutraceuticals Industry Fuels the Growth of the Global Algae Market
The aging population with increased consumer awareness for preventative healthcare, the rise of the self-directed consumer (self-diagnosis over health practitioner diagnosis), channel proliferation (variety of marketing techniques and E-Commerce), and shift from ingredient-focused messaging to broader brand positioning (grouping of supplements together to form a healthy benefits package) are the key factors driving the growth of the nutraceutical supplements industry.
According to the Association for Packaging and Processing Technologies, the total global market for nutraceuticals is expected to grow from about USD 209.0 billion in 2017 to USD 373.0 billion in 2025, and this growth is mainly due to the increasing popularity of natural nutraceuticals, causing considerable growth of botanical dietary supplements, such as chlorella. Also, it has a low cost compared to prescription drugs, and easy availability is a factor expected to augment their demand over the next eight years.
Consumers have begun demanding alternatives to nutraceuticals in natural form, driving up the market share for functional foods and drinks. In the U.S. before the Covid-19 pandemic, dietary supplement sales increased by 5% (USD 345.0 million) in 2019 compared to 2018. Also, in the U.K., vitamin sales increased by 63 %; in France, sales grew by approximately 40–60% in March 2020 compared to 2019 (Source: National Library of Medicine). Besides, according to the International Trade Administration, India’s nutraceutical industry is expected to hold at least 3.5% of the global market share by 2024. Therefore, the nutraceuticals market in India is expected to grow from an estimated USD 4.0 billion in 2017 to USD 18.0 billion by the end of 2025. Hence, the growing nutraceutical industry and consumer demand for natural supplements boost the demand for algae products in the market.
Further, chlorella is one of the scientifically researched algae with many publications from medical institutions, research institutions, and universities. It is Japan's best-selling health food supplement, with over 30% of the population taking it as their principal health supplement. Chlorella has also been found to boost the immune system, reduce the intensities of many chronic health problems, and reduce the side effects of medications. Its detoxifying, nourishing, and revitalizing properties enable the body’s natural defenses and repair systems to function more efficiently. Thus, increasing the nutritional supplements and nutraceutical properties of chlorella are compelling the global algae market.
Key Findings in the Global Algae Market Study:
In 2024, Macroalgae/Seaweed Segment to Dominate Algae Market
Based on type, the algae market is mainly segmented into macroalgae and microalgae. In 2024, the macroalgae/seaweed segment is expected to account for the larger share of the global algae market. The large share of this segment is mainly attributed to the rising consumer preference for plant-based products, increasing consumption of seaweed-based products, source of high nutrients & minerals, and growing government initiatives to boost seaweed cultivation. In addition, the growing demand for seaweed biomass for biofuel production is further expected to provide opportunities for manufacturers operating in the macroalgae market.
However, the microalgae segment is expected to grow at the fastest CAGR during the forecast period owing to the rising health & wellness trends and dietary supplements industry; growing demand for natural food colors; increasing vegetarianism; stringent regulations regarding the inclusion of synthetic colors and flavors; increasing preference for Spirulina-sourced products, especially Omega-3 fatty acids; growing use of microalgae in aquaculture; rising investments from leading color houses in microalgae; and an increasing number of products that include Spirulina as an ingredient.
In 2024, Business Channel (B2B) Segment to Dominate Overall Algae Market
Based on distribution channel, the algae market is mainly segmented into business-to-business (B2B) and business-to-consumer (B2C). In 2024, the B2B distribution channel segment is expected to account for the larger share of the global algae market. The large share of this segment is mainly attributed to the direct bulk purchasing of algae by manufacturers from various industries, such as nutraceuticals, food & beverage, and animal feed, for further product development.
In 2024, the Dry Form Segment to Dominate the Algae Market
Based on form, the algae market is segmented into dry and liquid forms. The dry form segment is expected to account for the larger share of the algae market in 2024. The segment is also expected to record the highest CAGR during the forecast period, owing to the growing demand for algae powder from the food and cosmetics industries. Moreover, its several benefits, such as comparatively high shelf-life and ease of transport and storage, are further expected to support the growth of this market.
In 2024, the Food and Beverage Segment to Dominate Algae Market
Based on application, the algae market is mainly divided into food and beverages, nutraceuticals, cosmetics, animal feed, and others. In 2024, the food and beverage segment is expected to account for the largest share of the global algae market. The large share of this segment is mainly attributed to the growing demand for organic foods products, the increase in consumption of plant proteins and vegan products, and the increase in the utilization of algae for human consumption. Moreover, rapid population growth, increasing awareness of algae's health benefits, changes in lifestyle patterns and taste preferences among consumers, healthy eating habits, and rising disposable income are further expected to support the growth of this market.
Asia-Pacific Dominates the Overall Algae Market, While North America Leads in Growth
Based on geography, the global algae market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2024, Asia-Pacific is expected to account for the largest share of the global algae market, followed by Europe and North America. The large share of this regional market is mainly attributed to the presence of several local and regional players, various government initiatives to promote the cultivation and usage of algae in several industries, growing demand for organic food products, and increasing applications of commercial sea vegetables, especially in food. Moreover, large-scale production and huge consumption of seaweed, huge availability of raw materials, favorable climatic conditions for the production of algae, and cheap labor availability are further expected to support the growth of the algae market in the region.
However, North America is expected to witness significant growth during the forecast period 2024–2030, mainly due to the rising consumption of health supplements, strict regulations against the use of synthetic colors, growth of subsidiary industries like cosmetics and biofertilizers, increasing preference for natural protein sources, and presence of key algae biomass manufacturers with huge production capacities, especially in the U.S. In addition, growing adoption of algae, especially spirulina and chlorella in the manufacturing of therapeutic & nutritional products, rising demand for natural blue colorants, and investments from leading color stakeholders in the phycocyanin space further support the growth of this market during the forecast period.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 3-4 years. The key players profiled in the global algae market research report are Fuqing King Dnarmsa Spirulina Co.Ltd. (China), Earthrise Nutritionals, LLC (U.S.), E.I.D. - Parry (India) Limited (India), Cyanotech Corporation (U.S.), Seaweed & Co. (U.K.), Green Rise Agro Industries (India), Ocean Rainforest Sp/F (Denmark), Inner Mongolia Rejuve Biotech Co., Ltd. (China), Zhejiang Binmei Biotechnology Co., Ltd. (China), Bluetec Naturals Co., Ltd. (China), Taiwan Chlorella Manufacturing Company(TCMC) (Taiwan), Sun Chlorella Corporation (Japan), Far East Algae Industries, Co., Ltd. (Taiwan), Roquette Klötze GmbH & Co. KG (Germany), Gong Bih Enterprise Co., Ltd. (Taiwan), Yaeyama Shokusan Co., Ltd. (Japan), Vedan Biotechnology Corporation (Taiwan), AlgoSource (France), Tianjin Norland Biotech Co., Ltd (China), Phycom BV (the Netherlands), AllAlgae Natural Products S.A. (Portugal), Duplaco B.V. (the Netherlands), Taiwan Wilson Enterprise Inc. (Taiwan), Daesang Corporation (Korea), and Algalimento S.L (Spain), among others.
Scope of the Report:
Algae Market, by Type
- Macroalgae/Seaweed
- Red Algae
- Brown Algae
- Green Algae
- Microalgae
- Spirulina
- Chlorella
- Dunaliella Salina
- Haematococcus Pluvialis
- Other Microalgae
Algae Market, by Distribution Channel
- Business-to-Business (B2B)
- Business-to-Consumer (B2C)
Algae Market, by Form
- Dry Form
- Algae Powder
- Algae Flakes
- Other Dried Forms
- Liquid Form
Algae Market, by Application
- Nutraceuticals
- Food and Beverages
- Animal Feed
- Cosmetics
- Other Applications
Algae Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe (RoE)
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific (RoAPAC)
- Latin America
- Brazil
- Mexico
- Rest of Latin America (RoLATAM)
- Middle East and Africa
Key Questions Answered in the Report
The term "algae" covers many organisms capable of producing oxygen through photosynthesis. It is a group of predominantly aquatic, photosynthetic, and nucleus-bearing organisms that lack true roots, stems, leaves, and specialized multicellular reproductive structures of plants. There are more than ten thousand algal species throughout the globe. Autotrophic microalgae are cultivated on land in large ponds or enclosed photobioreactors using enriched CO2. Heterotrophic microalgae are grown in large fermenters using sugar or starch. Seaweed (macroalgae) is cultivated in seawater. Algae are used in various industries. They are used in human food, animal and aquaculture feed, organic farming, and fertilizer products.
The algae market is projected to reach $29.8 billion by 2030, at a CAGR of 9.3% during the forecast period.
Based on the application, the nutraceutical segment is expected to witness the fastest growth during the forecast period.
- Inclination towards health & wellness trends and the growing dietary supplements industry
- Growing demand for natural food colors
- Growing vegetarianism
- Growing nutraceutical industry
- Increasing preference for algae-sourced products
o Low awareness of the benefits of algae
o Complex production of algae products
The key players operating in the global Algae market are Fuqing King Dnarmsa Spirulina Co.Ltd. (China), Earthrise Nutritionals, LLC (U.S.), E.I.D. - Parry (India) Limited (India), Cyanotech Corporation (U.S.), Seaweed & Co. (U.K.), Green Rise Agro Industries (India), Ocean Rainforest Sp/F (Denmark), Inner Mongolia Rejuve Biotech Co., Ltd. (China), Zhejiang Binmei Biotechnology Co., Ltd. (China), Bluetec Naturals Co., Ltd. (China), Taiwan Chlorella Manufacturing Company(TCMC) (Taiwan), Sun Chlorella Corporation (Japan), Far East Algae Industries, Co., Ltd. (Taiwan), Roquette Klötze GmbH & Co. KG (Germany), Gong Bih Enterprise Co., Ltd. (Taiwan), Yaeyama Shokusan Co., Ltd. (Japan), Vedan Biotechnology Corporation (Taiwan), AlgoSource (France), Tianjin Norland Biotech Co., Ltd (China), Phycom BV (the Netherlands), AllAlgae Natural Products S.A. (Portugal), Duplaco B.V. (the Netherlands), Taiwan Wilson Enterprise Inc. (Taiwan), Daesang Corporation (Korea), and Algalimento S.L (Spain), among others.
North America is expected to witness significant growth during the forecast period, mainly due to the increased adoption of algae, especially spirulina and chlorella, in the manufacturing of therapeutic & nutritional products, growing reluctance towards the usage of synthetic colors, rising demand for natural blue colorants, and investments from leading color stakeholders in the phycocyanin space.
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-Up Approach
2.3.1.2. Top-Down Approach
2.3.1.3. Growth forecast
2.4. Assumptions for the Study
2.5. Limitations for the Study
3. Executive Summary
3.1. Introduction
3.2. Segment Analysis
3.2.1. Algae Market, Type Segment Analysis
3.2.2. Algae Market, Distribution Channel Segment Analysis
3.2.3. Algae Market, Form Segment Analysis
3.2.4. Algae Market, Application Segment Analysis
3.2.5. Algae Market, Regional Analysis
3.2.6. Key Players
4. Market Insights
4.1. Introduction
4.2. Drivers
4.2.1. Inclination Towards Health & Wellness Trends and Growing Dietary Supplements Industry
4.2.2. Growing Demand for Natural Food Colors
4.2.3. Growing Vegetarianism
4.2.4. Growing Nutraceuticals Industry
4.2.5. Increasing Preference for Algae-sourced Products
4.3. Restraints
4.3.1. Low Awareness of the Benefits of Algae
4.3.2. Complex Production of Algae Products
4.4. Challenge
4.4.1. Risk of Contamination
4.5. Opportunities
4.5.1. Growing Demand for Phycocyanin
4.5.2. Growing Demand for Algae from Bio-refineries
4.6. Trends
4.6.1. Adoption of New Production Technologies (Photobioreactors)
5. Impact of Covid-19 on the Algae Market
6. Global Algae Market, by Type
6.1. Introduction
6.2. Macroalgae/Seaweed
6.2.1. Red Algae
6.2.2. Brown Algae
6.2.3. Green Algae
6.3. Microalgae
6.3.1. Spirulina
6.3.2. Chlorella
6.3.3. Dunaliella Salina
6.3.4. Haematococcus Pluvialis
6.3.5. Other Microalgae
7. Global Algae Market, by Distribution Channel
7.1. Introduction
7.2. Business-to-Business (B2B)
7.3. Business-to-Consumer (B2C)
8. Global Algae Market, by Form
8.1. Introduction
8.2. Dry Form
8.2.1. Algae Powder
8.2.2. Algae Flakes
8.2.3. Other Dried Forms
8.3. Liquid Form
9. Global Algae Market, by Application
9.1. Introduction
9.2. Nutraceuticals
9.3. Food and Beverages
9.4. Animal Feed
9.5. Cosmetics
9.6. Other Applications
10. Algae Market, by Geography
10.1. Introduction
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.3.6. Rest of Europe (RoE)
10.4. Asia-Pacific
10.4.1. China
10.4.2. India
10.4.3. Japan
10.4.4. Australia
10.4.5. Rest of Asia-Pacific (RoAPAC)
10.5. Latin America
10.5.1. Brazil
10.5.2. Mexico
10.5.3. Rest of Latin America (RoLATAM)
10.6. Middle East and Africa
11. Competitive Landscape
11.1. Introduction
11.2. Key Growth Strategies
11.3. Competitive Benchmarking
12. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
12.1. Fuqing King Dnarmsa Spirulina Co.Ltd.
12.2. Earthrise Nutritionals, LLC
12.3. E.I.D. - Parry (India) Limited
12.4. Cyanotech Corporation
12.5. Seaweed & Co.
12.6. Green Rise Agro Industries
12.7. Ocean Rainforest Sp/F
12.8. Inner Mongolia Rejuve Biotech Co., Ltd.
12.9. Zhejiang Binmei Biotechnology Co., Ltd.
12.10. Bluetec Naturals Co., Ltd.
12.11. Taiwan Chlorella Manufacturing Company (TCMC)
12.12. Sun Chlorella Corporation
12.13. Far East Algae Industries, Co., Ltd.
12.14. Roquette Klötze GmbH & Co. KG
12.15. Gong Bih Enterprise Co., Ltd.
12.16. Yaeyama Shokusan Co., Ltd.
12.17. Vedan Biotechnology Corporation
12.18. AlgoSource
12.19. Tianjin Norland Biotech Co., Ltd
12.20. Phycom BV
12.21. AllAlgae Natural Products S.A.
12.22. Duplaco B.V.
12.23. Taiwan Wilson Enterprise Inc.
12.24. Daesang Corporation
12.25. Algalimento S.L
13. Appendix
13.1. Questionnaire
13.2. Available Customization
List of Tables
Table 1 Global Algae Market: Impact Analysis of Market Drivers (2024–2030)
Table 2 Global Algae Market: Impact Analysis of Market Restraints (2024–2030)
Table 3 Constraints of Open Cultivation Systems
Table 4 Comparative Features of Algae Cultivation Approaches
Table 5 Characteristics of Four Promising PBRs
Table 6 Production Cost and Specific Energy Consumption for Spirulina Cultivation in Open Ponds and PBR for Different Productivities
Table 7 Global Algae Market Size, by Type, 2021–2030 (USD Million)
Table 8 Global Macroalgae/Seaweed Market Size, by Type, 2021–2030 (USD Million)
Table 9 Global Red Algae Market Size, by Country/Region, 2021–2030 (USD Million)
Table 10 Global Brown Algae Market Size, by Country/Region, 2021–2030 (USD Million)
Table 11 Global Green Algae Market Size, by Country/Region, 2021–2030 (USD Million)
Table 12 Global Microalgae Market Size, by Type, 2021–2030 (USD Million)
Table 13 Global Microalgae Market Size, by Country/Region, 2021–2030 (USD Million)
Table 14 Global Spirulina Market Size, by Country/Region, 2021–2030 (USD Million)
Table 15 Global Chlorella Market Size, by Country/Region, 2021–2030 (USD Million)
Table 16 Global Dunaliella Salina Market Size, by Country/Region, 2021–2030 (USD Million)
Table 17 Global Haematococcus Pluvialis Market Size, by Country/Region, 2021–2030 (USD Million)
Table 18 Global Other Microalgae Market Size, by Country/Region, 2021–2030 (USD Million)
Table 19 Global Algae Market Size, by Distribution Channel, 2021–2030 (USD Million)
Table 20 Global B2B Algae Market Size, by Country/Region, 2021–2030 (USD Million)
Table 21 Global B2C Algae Market Size, by Country/Region, 2021–2030 (USD Million)
Table 22 Global Algae Market Size, by Form, 2021–2030 (USD Million)
Table 23 Global Dry Algae Market Size, by Type, 2021–2030 (USD Million)
Table 24 Global Dry Algae Market Size, by Country/Region, 2021–2030 (USD Million)
Table 25 Global Algae Powder Market Size, by Country/Region, 2021–2030 (USD Million)
Table 26 Global Algae Flakes Market Size, by Country/Region, 2021–2030 (USD Million)
Table 27 Global Algae Market Size for Other Dried Form, by Country/Region, 2021–2030 (USD Million)
Table 28 Global Liquid Algae Market Size, by Country/Region, 2021–2030 (USD Million)
Table 29 Global Algae Market Size, by Application, 2021–2030 (USD Million)
Table 30 Global Algae Market Size for Nutraceuticals, by Country/Region, 2021–2030 (USD Million)
Table 31 Protein Content Comparison Between Spirulina and Other Foods
Table 32 Global Algae Market Size for Food and Beverages, by Country/Region, 2021–2030 (USD Million)
Table 33 Global Algae Market Size for Animal Feed, by Country/Region, 2021–2030 (USD Million)
Table 34 Global Algae Market Size for Cosmetics, by Country/Region, 2021–2030 (USD Million)
Table 35 Lipid Content and Productivities of Chlorella
Table 36 Global Algae Market Size for Other Applications, by Country/Region, 2021–2030 (USD Million)
Table 37 Global Algae Market Size, by Region, 2021–2030 (USD Million)
Table 38 North America: Algae Market Size, by Country, 2021–2030 (USD Million)
Table 39 North America: Algae Market Size, by Type, 2021–2030 (USD Million)
Table 40 North America: Macroalgae Market Size, by Type, 2021–2030 (USD Million)
Table 41 North America: Microalgae Market Size, by Type, 2021–2030 (USD Million)
Table 42 North America: Algae Market Size, by Distribution Channel, 2021–2030 (USD Million)
Table 43 North America: Algae Market Size, by Form, 2021–2030 (USD Million)
Table 44 North America: Dry Algae Market Size, by Type, 2021–2030 (USD Million)
Table 45 North America: Algae Market Size, by Application, 2021–2030 (USD Million)
Table 46 U.S.: Algae Market Size, by Type, 2021–2030 (USD Million)
Table 47 U.S.: Macroalgae Market Size, by Type, 2021–2030 (USD Million)
Table 48 U.S.: Microalgae Market Size, by Type, 2021–2030 (USD Million)
Table 49 U.S.: Algae Market Size, by Distribution Channel, 2021–2030 (USD Million)
Table 50 U.S.: Algae Market Size, by Form, 2021–2030 (USD Million)
Table 51 U.S.: Dry Algae Market Size, by Type, 2021–2030 (USD Million)
Table 52 U.S.: Algae Market Size, by Application, 2021–2030 (USD Million)
Table 53 Canada: Algae Market Size, by Type, 2021–2030 (USD Million)
Table 54 Canada: Macroalgae Market Size, by Type, 2021–2030 (USD Million)
Table 55 Canada: Microalgae Market Size, by Type, 2021–2030 (USD Million)
Table 56 Canada: Algae Market Size, by Distribution Channel, 2021–2030 (USD Million)
Table 57 Canada: Algae Market Size, by Form, 2021–2030 (USD Million)
Table 58 Canada: Dry Algae Market Size, by Type, 2021–2030 (USD Million)
Table 59 Canada: Algae Market Size, by Application, 2021–2030 (USD Million)
Table 60 Europe: Algae Market Size, by Country, 2021–2030 (USD Million)
Table 61 Europe: Algae Market Size, by Type, 2021–2030 (USD Million)
Table 62 Europe: Macroalgae Market Size, by Type, 2021–2030 (USD Million)
Table 63 Europe: Microalgae Market Size, by Type, 2021–2030 (USD Million)
Table 64 Europe: Algae Market Size, by Distribution Channel, 2021–2030 (USD Million)
Table 65 Europe: Algae Market Size, by Form, 2021–2030 (USD Million)
Table 66 Europe: Dry Algae Market Size, by Type, 2021–2030 (USD Million)
Table 67 Europe: Algae Market Size, by Application, 2021–2030 (USD Million)
Table 68 Germany: Algae Market Size, by Type, 2021–2030 (USD Million)
Table 69 Germany: Macroalgae Market Size, by Type, 2021–2030 (USD Million)
Table 70 Germany: Microalgae Market Size, by Type, 2021–2030 (USD Million)
Table 71 Germany: Algae Market Size, by Distribution Channel, 2021–2030 (USD Million)
Table 72 Germany: Algae Market Size, by Form, 2021–2030 (USD Million)
Table 73 Germany: Dry Algae Market Size, by Type, 2021–2030 (USD Million)
Table 74 Germany: Algae Market Size, by Application, 2021–2030 (USD Million)
Table 75 France: Algae Market Size, by Type, 2021–2030 (USD Million)
Table 76 France: Macroalgae Market Size, by Type, 2021–2030 (USD Million)
Table 77 France: Microalgae Market Size, by Type, 2021–2030 (USD Million)
Table 78 France: Algae Market Size, by Distribution Channel, 2021–2030 (USD Million)
Table 79 France: Algae Market Size, by Form, 2021–2030 (USD Million)
Table 80 France: Dry Algae Market Size, by Type, 2021–2030 (USD Million)
Table 81 France: Algae Market Size, by Application, 2021–2030 (USD Million)
Table 82 U.K.: Algae Market Size, by Type, 2021–2030 (USD Million)
Table 83 U.K.: Macroalgae Market Size, by Type, 2021–2030 (USD Million)
Table 84 U.K.: Microalgae Market Size, by Type, 2021–2030 (USD Million)
Table 85 U.K.: Algae Market Size, by Distribution Channel, 2021–2030 (USD Million)
Table 86 U.K.: Algae Market Size, by Form, 2021–2030 (USD Million)
Table 87 U.K.: Dry Algae Market Size, by Type, 2021–2030 (USD Million)
Table 88 U.K.: Algae Market Size, by Application, 2021–2030 (USD Million)
Table 89 Italy: Algae Market Size, by Type, 2021–2030 (USD Million)
Table 90 Italy: Macroalgae Market Size, by Type, 2021–2030 (USD Million)
Table 91 Italy: Microalgae Market Size, by Type, 2021–2030 (USD Million)
Table 92 Italy: Algae Market Size, by Distribution Channel, 2021–2030 (USD Million)
Table 93 Italy: Algae Market Size, by Form, 2021–2030 (USD Million)
Table 94 Italy: Dry Algae Market Size, by Type, 2021–2030 (USD Million)
Table 95 Italy: Algae Market Size, by Application, 2021–2030 (USD Million)
Table 96 Spain: Algae Market Size, by Type, 2021–2030 (USD Million)
Table 97 Spain: Macroalgae Market Size, by Type, 2021–2030 (USD Million)
Table 98 Spain: Microalgae Market Size, by Type, 2021–2030 (USD Million)
Table 99 Spain: Algae Market Size, by Distribution Channel, 2021–2030 (USD Million)
Table 100 Spain: Algae Market Size, by Form, 2021–2030 (USD Million)
Table 101 Spain: Dry Algae Market Size, by Type, 2021–2030 (USD Million)
Table 102 Spain: Algae Market Size, by Application, 2021–2030 (USD Million)
Table 103 Rest of Europe: Algae Market Size, by Type, 2021–2030 (USD Million)
Table 104 Rest of Europe: Macroalgae Market Size, by Type, 2021–2030 (USD Million)
Table 105 Rest of Europe: Microalgae Market Size, by Type, 2021–2030 (USD Million)
Table 106 Rest of Europe: Algae Market Size, by Distribution Channel, 2021–2030 (USD Million)
Table 107 Rest of Europe: Algae Market Size, by Form, 2021–2030 (USD Million)
Table 108 Rest of Europe: Dry Algae Market Size, by Type, 2021–2030 (USD Million)
Table 109 Rest of Europe: Algae Market Size, by Application, 2021–2030 (USD Million)
Table 110 Asia-Pacific: Algae Market Size, by Country, 2021–2030 (USD Million)
Table 111 Asia-Pacific: Algae Market Size, by Type, 2021–2030 (USD Million)
Table 112 Asia-Pacific: Macroalgae Market Size, by Type, 2021–2030 (USD Million)
Table 113 Asia-Pacific: Microalgae Market Size, by Type, 2021–2030 (USD Million)
Table 114 Asia-Pacific: Algae Market Size, by Distribution Channel, 2021–2030 (USD Million)
Table 115 Asia-Pacific: Algae Market Size, by Form, 2021–2030 (USD Million)
Table 116 Asia-Pacific: Dry Algae Market Size, by Type, 2021–2030 (USD Million)
Table 117 Asia-Pacific: Algae Market Size, by Application, 2021–2030 (USD Million)
Table 118 China: Algae Market Size, by Type, 2021–2030 (USD Million)
Table 119 China: Macroalgae Market Size, by Type, 2021–2030 (USD Million)
Table 120 China: Microalgae Market Size, by Type, 2021–2030 (USD Million)
Table 121 China: Algae Market Size, by Distribution Channel, 2021–2030 (USD Million)
Table 122 China: Algae Market Size, by Form, 2021–2030 (USD Million)
Table 123 China: Dry Algae Market Size, by Type, 2021–2030 (USD Million)
Table 124 China: Algae Market Size, by Application, 2021–2030 (USD Million)
Table 125 India: Algae Market Size, by Type, 2021–2030 (USD Million)
Table 126 India: Macroalgae Market Size, by Type, 2021–2030 (USD Million)
Table 127 India: Microalgae Market Size, by Type, 2021–2030 (USD Million)
Table 128 India: Algae Market Size, by Distribution Channel, 2021–2030 (USD Million)
Table 129 India: Algae Market Size, by Form, 2021–2030 (USD Million)
Table 130 India: Dry Algae Market Size, by Type, 2021–2030 (USD Million)
Table 131 India: Algae Market Size, by Application, 2021–2030 (USD Million)
Table 132 Japan: Algae Market Size, by Type, 2021–2030 (USD Million)
Table 133 Japan: Macroalgae Market Size, by Type, 2021–2030 (USD Million)
Table 134 Japan: Microalgae Market Size, by Type, 2021–2030 (USD Million)
Table 135 Japan: Algae Market Size, by Distribution Channel, 2021–2030 (USD Million)
Table 136 Japan: Algae Market Size, by Form, 2021–2030 (USD Million)
Table 137 Japan: Dry Algae Market Size, by Type, 2021–2030 (USD Million)
Table 138 Japan: Algae Market Size, by Application, 2021–2030 (USD Million)
Table 139 Australia: Algae Market Size, by Type, 2021–2030 (USD Million)
Table 140 Australia: Macroalgae Market Size, by Type, 2021–2030 (USD Million)
Table 141 Australia: Microalgae Market Size, by Type, 2021–2030 (USD Million)
Table 142 Australia: Algae Market Size, by Distribution Channel, 2021–2030 (USD Million)
Table 143 Australia: Algae Market Size, by Form, 2021–2030 (USD Million)
Table 144 Australia: Dry Algae Market Size, by Type, 2021–2030 (USD Million)
Table 145 Australia: Algae Market Size, by Application, 2021–2030 (USD Million)
Table 146 RoAPAC: Algae Market Size, by Type, 2021–2030 (USD Million)
Table 147 RoAPAC: Macroalgae Market Size, by Type, 2021–2030 (USD Million)
Table 148 RoAPAC: Microalgae Market Size, by Type, 2021–2030 (USD Million)
Table 149 RoAPAC: Algae Market Size, by Distribution Channel, 2021–2030 (USD Million)
Table 150 RoAPAC: Algae Market Size, by Form, 2021–2030 (USD Million)
Table 151 RoAPAC: Dry Algae Market Size, by Type, 2021–2030 (USD Million)
Table 152 RoAPAC: Algae Market Size, by Application, 2021–2030 (USD Million)
Table 153 Latin America: Algae Market Size, by Country, 2021–2030 (USD Million)
Table 154 Latin America: Algae Market Size, by Type, 2021–2030 (USD Million)
Table 155 Latin America: Macroalgae Market Size, by Type, 2021–2030 (USD Million)
Table 156 Latin America: Microalgae Market Size, by Type, 2021–2030 (USD Million)
Table 157 Latin America: Algae Market Size, by Distribution Channel, 2021–2030 (USD Million)
Table 158 Latin America: Algae Market Size, by Form, 2021–2030 (USD Million)
Table 159 Latin America: Dry Algae Market Size, by Type, 2021–2030 (USD Million)
Table 160 Latin America: Algae Market Size, by Application, 2021–2030 (USD Million)
Table 161 Brazil: Algae Market Size, by Type, 2021–2030 (USD Million)
Table 162 Brazil: Macroalgae Market Size, by Type, 2021–2030 (USD Million)
Table 163 Brazil: Microalgae Market Size, by Type, 2021–2030 (USD Million)
Table 164 Brazil: Algae Market Size, by Distribution Channel, 2021–2030 (USD Million)
Table 165 Brazil: Algae Market Size, by Form, 2021–2030 (USD Million)
Table 166 Brazil: Dry Algae Market Size, by Type, 2021–2030 (USD Million)
Table 167 Brazil: Algae Market Size, by Application, 2021–2030 (USD Million)
Table 168 Mexico: Algae Market Size, by Type, 2021–2030 (USD Million)
Table 169 Mexico: Macroalgae Market Size, by Type, 2021–2030 (USD Million)
Table 170 Mexico: Microalgae Market Size, by Type, 2021–2030 (USD Million)
Table 171 Mexico: Algae Market Size, by Distribution Channel, 2021–2030 (USD Million)
Table 172 Mexico: Algae Market Size, by Form, 2021–2030 (USD Million)
Table 173 Mexico: Dry Algae Market Size, by Type, 2021–2030 (USD Million)
Table 174 Mexico: Algae Market Size, by Application, 2021–2030 (USD Million)
Table 175 RoLATAM: Algae Market Size, by Type, 2021–2030 (USD Million)
Table 176 RoLATAM: Macroalgae Market Size, by Type, 2021–2030 (USD Million)
Table 177 RoLATAM: Microalgae Market Size, by Type, 2021–2030 (USD Million)
Table 178 RoLATAM: Algae Market Size, by Distribution Channel, 2021–2030 (USD Million)
Table 179 RoLATAM: Algae Market Size, by Form, 2021–2030 (USD Million)
Table 180 RoLATAM: Dry Algae Market Size, by Type, 2021–2030 (USD Million)
Table 181 RoLATAM: Algae Market Size, by Application, 2021–2030 (USD Million)
Table 182 Middle East & Africa: Algae Market Size, by Type, 2021–2030 (USD Million)
Table 183 Middle East & Africa: Macroalgae Market Size, by Type, 2021–2030 (USD Million)
Table 184 Middle East & Africa: Microalgae Market Size, by Type, 2021–2030 (USD Million)
Table 185 Middle East & Africa: Algae Market Size, by Distribution Channel, 2021–2030 (USD Million)
Table 186 Middle East & Africa: Algae Market Size, by Form, 2021–2030 (USD Million)
Table 187 Middle East & Africa: Dry Algae Market Size, by Type, 2021–2030 (USD Million)
Table 188 Middle East & Africa: Algae Market Size, by Application, 2021–2030 (USD Million)
List of Figures
Figure 1 Key Stakeholders
Figure 2 Research Process
Figure 3 Key Secondary Sources
Figure 4 Primary Research Techniques
Figure 5 Key Executives Interviewed
Figure 6 Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 7 Market Size Estimation
Figure 8 The Microalgae Segment is Expected to Register the Highest CAGR During Forecast Period of 2024–2030
Figure 9 Business-to-Business (B2B) to Dominate the Algae Market by 2030
Figure 10 The Dry Form Segment to Dominate the Global Algae Market by 2030
Figure 11 Nutraceuticals Segment to Dominate the Algae Market by 2030
Figure 12 Asia-Pacific Dominates the Overall Algae Market, While Europe Leads in Growth
Figure 13 Market Dynamics
Figure 14 The Nutrient Profile of Spirulina Vs. Other Foods
Figure 15 Top Ten Countries With the Highest Rate of Vegetarianism, 2021 (%)
Figure 16 Global Algae Market Size, by Type, 2024 VS. 2030 (USD Million)
Figure 17 Global Algae Market Size, by Distribution Channel, 2024 VS. 2030 (USD Million)
Figure 18 Global Algae Market Size, by Form, 2024 VS. 2030 (USD Million)
Figure 19 Global Algae Market Size, by Application, 2024 VS. 2030 (USD Million)
Figure 20 Algae Market Size, by Region, 2024 VS. 2030 (USD Million)
Figure 21 North America: Algae Market Snapshot, 2024
Figure 22 Europe: Algae Market Snapshot, 2024
Figure 23 Asia-Pacific: Algae Market Snapshot, 2024
Figure 24 Latin America: Algae Market Snapshot, 2024
Figure 25 Middle East & Africa: Algae Market Snapshot, 2024
Figure 26 Key Growth Strategies Adopted by Leading Players, 2020–2024
Figure 27 Algae Market: Competitive Benchmarking
Figure 28 Dic Corporation: Financial Overview, 2022
Figure 29 E.I.D. - Parry (India) Limited: Financial Overview, 2022
Figure 30 Cyanotech Corporation: Financial Overview, 2022
Figure 31 Daesang Corporation: Financial Overview, 2022
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