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Microalgae Market
Microalgae Market Size, Share, Forecast, & Trends Analysis by Type (Spirulina, Chlorella, Dunaliella Salina, Nannochloropsis), Production Technique (Ponds, Fermenters, PBR), Distribution Channel (B2B), Application (Nutraceuticals) - Global Forecast to 2031
Report ID:MRFB - 104504 Pages: 264 Aug-2024 Formats*: PDF Category: Food and Beverages Delivery: 24 to 48 HoursMicroalgae Market Size & Forecast
The Microalgae Market was valued at $1.17 billion in 2023. This market is expected to reach $2.26 billion by 2031 from an estimated $1.27 billion in 2024, at a CAGR of 8.6% during the forecast period from 2024 to 2031.
The growth of the microalgae market is driven by heightened consumer preference for health & wellness products, the growing dietary supplements industry, the rising demand for natural food colors from manufacturers and food processing companies, the increasing preference for microalgae-based products, and the surge in vegetarianism. However, low awareness of the health benefits of microalgae and complexities in manufacturing algal products are expected to restrain this growth.
The growing popularity of microalgae-derived phycocyanin as a natural colorant in nutraceutical, pharmaceutical, and food applications, and biorefineries' preference for microalgae as a feedstock due to its economic viability and high potential for energy production are expected to generate opportunities for market growth.
However, the risk of contamination during the microalgae cultivation process is a significant challenge for market growth. Moreover, the growing adoption of photobioreactors and other new production technologies is a prominent trend in the microalgae market.
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Microalgae Market Growth Drivers
Growing Nutraceuticals Industry
Consistent growth in the aging population, increased consumer awareness regarding preventative healthcare resulting in a shift toward healthier food choices, the rising number of self-directed consumers, and increased product penetration in various end-use categories through branding and e-commerce are the key factors driving the growth of the supplements industry. The sales of vitamins, minerals, and nutritional & herbal supplements (VMHS) are growing globally. The shift from ingredient-specific consumption to grouping supplements for holistic health is boosting the market for products containing various compounds derived from microalgae.
According to the Association for Packaging and Processing Technologies, the global nutraceuticals market is projected to reach $373.0 billion by 2025, up from $209.0 billion in 2017. This growth is primarily driven by the rising demand for natural nutraceuticals, which are more cost-effective than prescription drugs and are easily accessible.
Additionally, the Nutrition Business Journal (NBJ) reports that the nutritional supplements industry witnessed the highest growth in 2020 since 1997, with an estimated increase of 12.1% for the year. This surge reflects consumers' increasing preference for natural alternatives, which is boosting the demand for functional foods and beverages. The International Trade Administration forecasts that India’s nutraceutical industry will capture at least 3.5% of the global market share in 2023. Consequently, the Indian nutraceuticals market is anticipated to reach $18 billion in 2025 from $4 billion in 2017. This burgeoning market and the rising preference for natural supplements are expected to drive growth in the microalgae industry.
Chlorella is one of the most scientifically studied algae for its perceived health benefits. It is the highest-selling health supplement in Japan, with over 30% of the population consuming it as a primary health supplement. Chlorella boosts the immune system, reduces inflammation in the body, promotes weight loss, and helps the body fight against various cancers. Hence, the growing nutraceuticals industry is expected to boost the demand for microalgae, driving the growth of this market.
Consumer Inclination Toward Health & Wellness and the Growing Dietary Supplements Industry
The demand for food products that enhance immune function and combat pathogens has surged significantly. Consumers are opting for fruits & vegetables, beverages, nuts, seeds, dairy products, supplements, and other nutritional foods and drinks in different forms. Moreover, there is a growing preference for organic products worldwide. The global emphasis on well-being has intensified as people aim to maintain healthy lifestyles for extended periods, driven by higher life expectancy. Over the past decade, industrialization, urbanization, economic development, and globalization have rapidly transformed diets and lifestyles, profoundly affecting the health and nutritional status of people, especially in developing countries.
The trends toward all-natural and clean-label products in the functional foods market have significantly increased the demand for natural ingredients, including plant-based proteins. As consumer preferences for healthy food options continue to grow, microalgae are being increasingly preferred for use in GMO-free, organic, and additive-free food products.
Microalgae are rich in protein and essential nutrients such as antioxidants, chlorophyll, vitamins, minerals, and fiber. Spirulina, in particular, has gained popularity due to its health benefits and is widely consumed by people of all age groups. It offers a range of nutrients and is commonly consumed for energy, nutritional support, weight management, and detoxification. Similarly, astaxanthin is predominantly used in food products and dietary supplements.
In addition to its role in addressing nutritional deficiencies, spirulina is garnering attention from medical researchers as a potential nutraceutical. Notably, NASA has listed spirulina as a dietary supplement for astronauts on space missions for its immune-boosting and anti-inflammatory properties.
Thus, consumer inclination toward health & wellness and the growing dietary supplements industry drive the growth of the microalgae market.
Microalgae Market Opportunity
Growing Demand for Microalgae Among Biorefineries
Microalgae biorefinery systems have been extensively studied regarding resources, energy expenditure, biofuel production potential, and high-value products. Among these, the genus spirulina has gained commercial prominence, representing over 30% of the global microalgae biomass production due to its high protein content and significant levels of carotenoids and phycocyanin. Additionally, Spirulina cultivation contributes to environmental benefits, such as reducing greenhouse gases and assisting in effluent treatment.
Biorefining is a process of sustainably converting biomass into value-added products and energy. The effectiveness of a biorefinery depends significantly on the choice of raw materials and the technologies used to produce these value-added products. Microalgae are considered a cost-effective raw material due to their unique properties. Unlike terrestrial plants, microalgae do not have highly resistant cell walls, stems, or roots, which facilitates easier degradation.
Interest in microalgae as a biofuel feedstock has increased in response to the energy crisis, climate change, and the depletion of natural resources. However, developing biofuels from microalgae is not economically feasible due to high capital investment requirements and operational costs. Hence, microalgae biorefineries manufacture high-value co-products by extracting a fraction of algae to keep production costs low.
To enhance the economic viability of microalgae biofuels, it is crucial to maximize algal biomass production while reducing operational and maintenance costs. Achieving economically feasible algal fuels will require at least another decade of R&D.
ExxonMobil partnered with Synthetic Genomics, Inc., with the goal of producing 10,000 barrels of algae-based fuels per day by 2025. While algal biofuels are not yet commercially feasible, several companies in the U.S., Europe, and other regions are already producing algal fuels on a commercial scale. Earthrise is engaged in research collaborations with major algae biofuel and bioproduct companies worldwide.
Microalgae are considered living-cell factories with simple growth requirements due to their efficient synthesis of sunlight utilization. The versatility and high potential of microalgae for energy production and value-added products support the growth of microalgae biorefineries and microalgae-based products market, creating opportunities for the players operating in this market.
Microalgae Market Analysis: Key Findings
The Spirulina Segment to Dominate the Microalgae Market in 2024
Based on type, the microalgae market is segmented into Spirulina, Chlorella, Dunaliella salina, Haematococcus pluvialis, Nannochloropsis, and other microalgae. In 2024, the spirulina segment is expected to account for the largest share of 50.4% of the microalgae market. The substantial market share of this segment is primarily driven by rising health and wellness trends, stringent regulations on synthetic colors and flavors leading to a high preference for natural food colors, and the growing concerns of nutritional deficiency. The high preference for Spirulina-based products, especially phycocyanin, coupled with its growing application in aquafeed and poultry feed and investments by major food color manufacturers, further boost the market for Spirulina.
However, the Haematococcus pluvialis segment is expected to register the highest CAGR of 13.3% during the forecast period. This segment's rapid growth is attributed to the increasing demand for naturally sourced astaxanthin and the adoption of clean-label products.
The Ponds Segment to Dominate the Microalgae Market in 2024
Based on production technique, the microalgae market is segmented into ponds, photobioreactors (PBR), and fermenters. In 2024, the ponds segment is expected to account for the largest share of the microalgae market. This segment’s large market share is primarily due to the large number of key players involved in the cultivation of microalgae in ponds. These ponds require lower investment and operational costs, reduced energy expenses, and offer higher biomass production.
However, the photobioreactors (PBR) segment is anticipated to register the highest CAGR during the forecast period. This segment's rapid growth is due to the increasing demand for algal biomass across various sectors, such as nutraceuticals, pharmaceuticals, cosmetics, food and beverage, and biofuels.
The Inorganic Microalgae Segment to Account for the Dominant Market Share in 2024
Based on category, the microalgae market is segmented into inorganic and organic. In 2024, the inorganic microalgae segment is expected to account for the dominant share of the microalgae market. This segment’s large market share is primarily attributed to the cost-effective production and high availability of microalgae grown through traditional methods.
However, the organic microalgae segment is expected to record a high CAGR during the forecast period. This segment's high growth is driven by the growing demand for natural food colorants in the food processing industry.
The Business-to-business Channel (B2B) Segment to Dominate the Microalgae Market in 2024
Based on distribution channel, the microalgae market is segmented into business-to-consumer (B2C) and business-to-business (B2B). In 2024, the business-to-business (B2B) segment is expected to dominate the microalgae market. This segment's large market share is mainly attributed to manufacturers sourcing microalgae from bulk producers for further manufacturing of consumables.
The Nutraceuticals Segment to Dominate the Microalgae Market in 2024
Based on application, the microalgae market is segmented into nutraceuticals, food and beverages, cosmetics, animal feed, and other applications. In 2024, the nutraceuticals segment is expected to account for the largest share of 53.6% of the microalgae market. The large market share of this segment is primarily attributed to the booming nutraceuticals sector and increasing consumer awareness of the link between nutrition and health.
Geographical Analysis
North America Dominates the Microalgae Market
Based on geography, the microalgae market is majorly segmented into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of 42.9% of the microalgae market. This market is estimated to be worth $545.4 million in 2024. North America's significant market share can be attributed to several key factors, such as stringent regulations regarding the use of synthetic colors and increasing preference for natural protein sources
However, Europe is expected to record the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the increased adoption of microalgae, especially Spirulina and Chlorella, in the manufacturing of therapeutic & nutritional products, growing reluctance toward the usage of synthetic colors, rising demand for naturally derived blue colors, and investments from leading color stakeholders in the phycocyanin space.
Microalgae Industry Overview: Latest Developments from Key Industry Players
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In November 2022, BGG launched its Organic Astaxanthin in oleoresin form with organic certification.
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In August 2022, Aliga acquired Duplaco B.V. (Netherlands), a microalgae production facility, including its product portfolio and material rights. This acquisition helped Aliga increase its production capacity of algae-based products for dietary supplements, food ingredients, and feed markets.
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In June 2021, ALLMICROALGAE partnered with Portugal Foods to strengthen and promote its international, commercial, and industrial network.
Microalgae Market Research Summary
|
Particulars |
Details |
|
Number of Pages |
264 |
|
Format |
|
|
Forecast Period |
2024–2031 |
|
Base Year |
2024 |
|
CAGR (Value) |
8.6% |
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Market Size (Value) |
USD 2.26 Billion by 2031 |
|
CAGR (Volume) |
7.8% |
|
Market (Volume) |
162,263 Tons by 2031 |
|
Segments Covered |
By Type
By Production Technique
By Category
By Distribution Channel
By Application
|
|
Countries Covered |
North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Netherlands, Denmark, Sweden, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa (Egypt, Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa) |
|
Key Companies |
Fuqing King Dnarmsa Spirulina Co., Ltd. (China), Earthrise Nutritionals, LLC, (U.S.), E.I.D. - PARRY (INDIA) LIMITED (a subsidiary of M/s. Ambadi Investments Limited) (India), Cyanotech Corporation (U.S.), C.B.N. Bio-engineering Co., Ltd (China), YUNNAN GREEN A BIOLOGICAL PROJECT CO., LTD. (Yunnan Spirin Biotechnology Co. Ltd) (China), Jiangshan COMP SPIRULINA CO., LTD. (China), Zhejiang Binmei Biotechnology Co., Ltd. (China), Bluetec Naturals CO., LTD. (China), Taiwan Chlorella Manufacturing Company(TCMC) (Taiwan), Sun Chlorella corporation (Japan), Roquette Klötze GmbH & Co. KG (Germany), Gong Bih Enterprise Co., Ltd. (Taiwan), Yaeyama Shokusan Co., Ltd. (Euglena Co Ltd) (Japan), Vedan Biotechnology Corporation (Taiwan), AlgoSource (France), Tianjin Norland Biotech CO., LTD (China), Phycom BV (Netherlands), Allmicroalgae Natural Products S.A. (Portugal), Aliga Microalgae (Denmark), Taiwan Wilson Enterprise Inc. (Taiwan), Daesang Corporation (Korea), Algalimento SL (Spain), Seagrass Tech Private Limited (India), Plankton Australia Pty Limited (Australia), Hangzhou Ouqi Food Co., Ltd. (China), and Shaanxi Rebecca Bio-Tech Co., Ltd (China) |
Key questions answered in the microalgae market report:
Microalgae, also known as microphytes, are microscopic algae found in marine systems and freshwater. They vary in shape and size, ranging from micrometers to hundred micrometers. Microalgae convert sunlight, carbon dioxide, and water into algal biomass. They impart high nutrition and comprise high-value compounds, including pigments, fatty acids, and antioxidants and are gaining popularity as a promising nutrient source.
The microalgae market study provides valuable insights, market sizes, and forecasts in terms of value and volume by type, and geography. However, the study provides insights, market sizes, and forecasts only in terms of value based on production technique, category, distribution channel, and application.
The microalgae market is projected to reach $2.26 billion by 2031, at a CAGR of 8.6% during the forecast period.
In 2024, the spirulina segment is expected to hold a major share of the microalgae market.
The food and beverages segment is expected to witness the fastest growth during the forecast period of 2024–2031.
The key factors supporting the growth of this market are the consumer inclination toward health and wellness trends, the growing dietary supplements industry, the rising demand for natural food colors, increasing vegetarianism, the growing nutraceuticals industry, and the increasing preference for microalgae-sourced products. Moreover, the rising demand for phycocyanin and the growing demand for microalgae among biorefineries create opportunities for players operating in this market.
The key players operating in the microalgae market are Fuqing King Dnarmsa Spirulina Co., Ltd. (China), Earthrise Nutritionals, LLC, (U.S.), E.I.D. - PARRY (INDIA) LIMITED (a subsidiary of M/s. Ambadi Investments Limited) (India), Cyanotech Corporation (U.S.), C.B.N. Bio-engineering Co., Ltd (China), YUNNAN GREEN A BIOLOGICAL PROJECT CO., LTD. (Yunnan Spirin Biotechnology Co. Ltd) (China), Jiangshan COMP SPIRULINA CO., LTD. (China), Zhejiang Binmei Biotechnology Co., Ltd. (China), Bluetec Naturals CO., LTD. (China), Taiwan Chlorella Manufacturing Company(TCMC) (Taiwan), Sun Chlorella corporation (Japan), Roquette Klötze GmbH & Co. KG (Germany), Gong Bih Enterprise Co., Ltd. (Taiwan), Yaeyama Shokusan Co., Ltd. (Euglena Co Ltd) (Japan), Vedan Biotechnology Corporation (Taiwan), AlgoSource (France), Tianjin Norland Biotech CO., LTD (China), Phycom BV (Netherlands), Allmicroalgae Natural Products S.A. (Portugal), Aliga Microalgae (Denmark), Taiwan Wilson Enterprise Inc. (Taiwan), Daesang Corporation (Korea), Algalimento SL (Spain), Seagrass Tech Private Limited (India), Plankton Australia Pty Limited (Australia), Hangzhou Ouqi Food Co., Ltd. (China), and Shaanxi Rebecca Bio-Tech Co., Ltd (China).
Europe is expected to witness significant growth during the forecast period, mainly due to the increased adoption of microalgae, especially spirulina and Chlorella, in the manufacturing of therapeutic and nutritional products, growing reluctance to use synthetic colors, rising demand for natural blue colorants, and investments from leading color stakeholders in the phycocyanin space.
1. Introduction
1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Process of Data Collection and Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
3.1. Overview
3.2. Segmental Analysis
3.2.1. Microalgae Market Analysis, by Type
3.2.2. Microalgae Market Analysis, by Production Technique
3.2.3. Microalgae Market Analysis, by Category
3.2.4. Microalgae Market Analysis, by Distribution Channel
3.2.5. Microalgae Market Analysis, by Application
3.3. Microalgae Market, by Regional Analysis
3.4. Competitive Landscape & Market Competitors
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.2.1. Drivers
4.2.1.1. Consumer Inclination Toward Health & Wellness Trends and the Growing Dietary Supplements Industry
4.2.1.2. Rising Demand for Natural Food Colors
4.2.1.3. Increasing Vegetarianism
4.2.1.4. Growing Nutraceuticals Industry
4.2.1.5. Increasing Preference for Microalgae-sourced Products
4.2.2. Restraints
4.2.2.1. Low Awareness Regarding Microalgae Benefits
4.2.2.2. Complexities in the Production of Algae Products
4.2.3. Opportunities
4.2.3.1. Rising Demand for Phycocyanin
4.2.3.2. Growing Demand for Microalgae Among Biorefineries
4.2.4. Challenges
4.2.4.1. Contamination Risks
4.3. Trend
4.3.1. Growing Adoption of New Production Technologies (Photobioreactors)
4.4. Porters’ Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of Substitutes
4.4.4. Threat of New Entrants
4.4.5. Degree of Competition
4.5. Pricing Analysis
5. Microalgae Market Assessment—by Type
5.1. Overview
5.2. Spirulina
5.3. Chlorella
5.4. Dunaliella Salina
5.5. Haematococcus Pluvialis
5.6. Nannochloropsis
5.7. Other Microalgae
6. Microalgae Market Assessment—by Production Technique
6.1. Overview
6.2. Ponds
6.3. Fermenters
6.4. Photobioreactors (PBR)
7. Microalgae Market Assessment—by Category
7.1. Overview
7.2. Inorganic
7.3. Organic
8. Microalgae Market Assessment—by Distribution Channel
8.1. Overview
8.2. Business Channel (B2B)
8.3. Consumer Channel (B2C)
9. Microalgae Market Assessment—by Application
9.1. Overview
9.2. Nutraceuticals
9.3. Food & Beverage
9.4. Animal Feed
9.5. Cosmetics
9.6. Other Applications
10. Microalgae Market Assessment—by Geography
10.1. Overview
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. Netherlands
10.3.7. Denmark
10.3.8. Sweden
10.3.9. 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. Argentina
10.5.4. Rest of Latin America (RoLATAM)
10.6. Middle East & Africa
10.6.1. Egypt
10.6.2. Saudi Arabia
10.6.3. South Africa
10.6.4. UAE
10.6.5. Rest of Middle East & Africa
11. Competition Analysis
11.1. Overview
11.2. Key Growth Strategies
11.3. Competitive Benchmarking
11.4. Competitive Dashboard
11.4.1. Industry Leaders
11.4.2. Market Differentiators
11.4.3. Vanguards
11.4.4. Emerging Companies
11.5. Market Ranking/Positioning Analysis of Key Players, 2023
12. Company Profiles (Company 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 (A Subsidiary of M/S. Ambadi Investments Limited)
12.4. Cyanotech Corporation
12.5. C.B.N. Bio-Engineering Co., Ltd
12.6. YUNNAN GREEN A BIOLOGICAL PROJECT CO., LTD. (Yunnan Spirin Biotechnology Co. Ltd)
12.7. Jiangshan COMP SPIRULINA CO., LTD.
12.8. Zhejiang Binmei Biotechnology Co., Ltd.
12.9. Bluetec Naturals CO., LTD.
12.10. Taiwan Chlorella Manufacturing Company (TCMC)
12.11. Sun Chlorella Corporation
12.12. Roquette Klötze GmbH & Co. KG
12.13. Gong Bih Enterprise Co., Ltd.
12.14. Yaeyama Shokusan Co., Ltd. (Euglena Co Ltd)
12.15. Vedan Biotechnology Corporation
12.16. AlgoSource
12.17. Tianjin Norland Biotech Co., Ltd
12.18. Phycom BV
12.19. Allmicroalgae Natural Products S.A.
12.20. Aliga Microalgae
12.21. Taiwan Wilson Enterprise Inc.
12.22. Daesang Corporation
12.23. Algalimento SL
12.24. Seagrass Tech Private Limited
12.25. Plankton Australia Pty Limited
12.26. Hangzhou Ouqi Food Co., Ltd.
12.27. Shaanxi Rebecca Bio-Tech Co., Ltd
(Note: SWOT Analysis of Top 5 Companies Will Be Provided)
13. Appendix
13.1. Available Customization
13.2. Related Reports
List of Tables
Table 1 Limitations of Open Cultivation Systems
Table 2 A Comparative of Microalgae Cultivation Approaches
Table 3 Characteristics of the Four Promising PBRs
Table 4 Production Cost and Specific Energy Consumption for Spirulina Cultivation in Open Ponds and Photobioreactors
Table 5 Average Selling Price of Spirulina, by Country/Region, 2022–2031 (USD/Ton)
Table 6 Average Selling Price of Chlorella, by Country/Region, 2022–2031 (USD/Ton)
Table 7 Average Selling Price of Dunaliella Salina, by Country/Region, 2022–2031 (USD/Ton)
Table 8 Average Selling Price of Haematococcus Pluvialis, by Country/Region, 2022–2031 (USD/Ton)
Table 9 Average Selling Price of Nannochloropsis, by Country/Region, 2022–2031 (USD/Ton)
Table 10 Average Selling Price of Other Microalgae, by Country/Region, 2022–2031 (USD/Ton)
Table 11 Global Microalgae Market, by Type, 2022-2031 (USD Million)
Table 12 Global Microalgae Market, by Type, 2022-2031 (Tons)
Table 13 Global Spirulina Market, by Country/Region, 2022-2031 (USD Million)
Table 14 Global Spirulina Market, by Country/Region, 2022-2031 (Tons)
Table 15 Global Chlorella Market, by Country/Region, 2022-2031 (USD Million)
Table 16 Global Chlorella Market, by Country/Region, 2022-2031 (Tons)
Table 17 Global Dunaliella Salina Market, by Country/Region, 2022-2031 (USD Million)
Table 18 Global Dunaliella Salina Market, by Country/Region, 2022-2031 (Tons)
Table 19 Global Haematococcus Pluvialis Market, by Country/Region, 2022-2031 (USD Million)
Table 20 Global Haematococcus Pluvialis Market, by Country/Region, 2022-2031 (Tons)
Table 21 Global Nannochloropsis Market, by Country/Region, 2022-2031 (USD Million)
Table 22 Global Nannochloropsis Market, by Country/Region, 2022-2031 (Tons)
Table 23 Global Other Microalgae Market, by Country/Region, 2022-2031 (USD Million)
Table 24 Global Other Microalgae Market, by Country/Region, 2022-2031 (Tons)
Table 25 Global Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 26 Global Microalgae Market for Cereals & Grains, by Type, 2022–2031 (USD Million)
Table 27 Global Open Ponds-produced Microalgae Market, by Country/Region, 2022–2031 (USD Million)
Table 28 Global Fermenters-produced Microalgae Market, by Country/Region, 2022–2031 (USD Million)
Table 29 Global Photobioreactors-produced Microalgae Market, by Country/Region, 2022–2031 (USD Million)
Table 30 Global Microalgae Market, by Category, 2022–2031 (USD Million)
Table 31 Global Inorganic Microalgae Market, by Country/Region, 2022–2031 (USD Million)
Table 32 Global Organic Microalgae Market, by Country/Region, 2022–2031 (USD Million)
Table 33 Global Microalgae Market, by Distribution Channel, 2022-2031 (USD Million)
Table 34 Global Microalgae Market for Business Channel (B2B), by Country/Region, 2022-2031 (USD Million)
Table 35 Global Microalgae Market for Consumer Channel (B2C), by Country/Region, 2022-2031 (USD Million)
Table 36 Global Microalgae Market, by Application, 2022-2031 (USD Million)
Table 37 Protein Contains in Different Microalgae Species
Table 38 Global Microalgae Market for Nutraceuticals, by Country/Region, 2022-2031 (USD Million)
Table 39 Global Microalgae Market for Food & Beverage, by Country/Region, 2022-2031 (USD Million)
Table 40 Global Microalgae Market for Animal Feed, by Country/Region, 2022-2031 (USD Million)
Table 41 Global Microalgae Market for Cosmetics, by Country/Region, 2022-2031 (USD Million)
Table 42 Lipid Content and Productivity of Chlorella
Table 43 Global Microalgae Market for Other Applications, by Country/Region, 2022-2031 (USD Million)
Table 44 Global Microalgae Market, by Country/Region, 2022-2031 (USD Million)
Table 45 Global Microalgae Market, by Country/Region, 2022-2031 (Tons)
Table 46 North America: Microalgae Market, by Country, 2022-2031 (USD Million)
Table 47 North America: Microalgae Market, by Country, 2022-2031 (Tons)
Table 48 North America: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 49 North America: Microalgae Market, by Type, 2022–2031 (Tons)
Table 50 North America: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 51 North America: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 52 North America: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 53 North America: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 54 U.S.: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 55 U.S.: Microalgae Market, by Type, 2022–2031 (Tons)
Table 56 U.S.: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 57 U.S.: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 58 U.S.: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 59 U.S.: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 60 Canada: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 61 Canada: Microalgae Market, by Type, 2022–2031 (Tons)
Table 62 Canada: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 63 Canada: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 64 Canada: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 65 Canada: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 66 Europe: Microalgae Market, by Country/Region, 2022-2031 (USD Million)
Table 67 Europe: Microalgae Market, by Country/Region, 2022-2031 (Tons)
Table 68 Europe: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 69 Europe: Microalgae Market, by Type, 2022–2031 (Tons)
Table 70 Europe: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 71 Europe: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 72 Europe: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 73 Europe: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 74 Germany: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 75 Germany: Microalgae Market, by Type, 2022–2031 (Tons)
Table 76 Germany: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 77 Germany: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 78 Germany: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 79 Germany: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 80 France: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 81 France: Microalgae Market, by Type, 2022–2031 (Tons)
Table 82 France: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 83 France: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 84 France: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 85 France: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 86 U.K.: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 87 U.K.: Microalgae Market, by Type, 2022–2031 (Tons)
Table 88 U.K.: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 89 U.K.: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 90 U.K.: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 91 U.K.: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 92 Italy: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 93 Italy: Microalgae Market, by Type, 2022–2031 (Tons)
Table 94 Italy: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 95 Italy: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 96 Italy: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 97 Italy: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 98 Spain: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 99 Spain: Microalgae Market, by Type, 2022–2031 (Tons)
Table 100 Spain: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 101 Spain: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 102 Spain: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 103 Spain: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 104 Netherlands: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 105 Netherlands: Microalgae Market, by Type, 2022–2031 (Tons)
Table 106 Netherlands: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 107 Netherlands: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 108 Netherlands: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 109 Netherlands: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 110 Denmark: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 111 Denmark: Microalgae Market, by Type, 2022–2031 (Tons)
Table 112 Denmark: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 113 Denmark: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 114 Denmark: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 115 Denmark: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 116 Sweden: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 117 Sweden: Microalgae Market, by Type, 2022–2031 (Tons)
Table 118 Sweden: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 119 Sweden: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 120 Sweden: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 121 Sweden: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 122 Rest of Europe: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 123 Rest of Europe: Microalgae Market, by Type, 2022–2031 (Tons)
Table 124 Rest of Europe: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 125 Rest of Europe: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 126 Rest of Europe: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 127 Rest of Europe: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 128 Asia-Pacific: Microalgae Market, by Country/Region, 2022-2031 (USD Million)
Table 129 Asia-Pacific: Microalgae Market, by Country/Region, 2022-2031 (Tons)
Table 130 Asia-Pacific: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 131 Asia-Pacific: Microalgae Market, by Type, 2022–2031 (Tons)
Table 132 Asia-Pacific: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 133 Asia-Pacific: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 134 Asia-Pacific: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 135 Asia-Pacific: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 136 China: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 137 China: Microalgae Market, by Type, 2022–2031 (Tons)
Table 138 China: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 139 China: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 140 China: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 141 China: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 142 India: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 143 India: Microalgae Market, by Type, 2022–2031 (Tons)
Table 144 India: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 145 India: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 146 India: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 147 India: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 148 Japan: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 149 Japan: Microalgae Market, by Type, 2022–2031 (Tons)
Table 150 Japan: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 151 Japan: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 152 Japan: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 153 Japan: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 154 Australia: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 155 Australia: Microalgae Market, by Type, 2022–2031 (Tons)
Table 156 Australia: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 157 Australia: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 158 Australia: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 159 Australia: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 160 Rest of Asia-Pacific: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 161 Rest of Asia-Pacific: Microalgae Market, by Type, 2022–2031 (Tons)
Table 162 Rest of Asia-Pacific: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 163 Rest of Asia-Pacific: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 164 Rest of Asia-Pacific: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 165 Rest of Asia-Pacific: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 166 Latin America: Microalgae Market, by Country/Region, 2022-2031 (USD Million)
Table 167 Latin America: Microalgae Market, by Country/Region, 2022-2031 (Tons)
Table 168 Latin America: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 169 Latin America: Microalgae Market, by Type, 2022–2031 (Tons)
Table 170 Latin America: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 171 Latin America: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 172 Latin America: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 173 Latin America: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 174 Brazil: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 175 Brazil: Microalgae Market, by Type, 2022–2031 (Tons)
Table 176 Brazil: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 177 Brazil: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 178 Brazil: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 179 Brazil: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 180 Mexico: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 181 Mexico: Microalgae Market, by Type, 2022–2031 (Tons)
Table 182 Mexico: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 183 Mexico: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 184 Mexico: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 185 Mexico: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 186 Argentina: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 187 Argentina: Microalgae Market, by Type, 2022–2031 (Tons)
Table 188 Argentina: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 189 Argentina: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 190 Argentina: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 191 Argentina: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 192 Rest of Latin America: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 193 Rest of Latin America: Microalgae Market, by Type, 2022–2031 (Tons)
Table 194 Rest of Latin America: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 195 Rest of Latin America: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 196 Rest of Latin America: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 197 Rest of Latin America: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 198 Middle East & Africa: Microalgae Market, by Country/Region, 2022-2031 (USD Million)
Table 199 Middle East & Africa: Microalgae Market, by Country/Region, 2022-2031 (Tons)
Table 200 Middle East & Africa: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 201 Middle East & Africa: Microalgae Market, by Type, 2022–2031 (Tons)
Table 202 Middle East & Africa: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 203 Middle East & Africa: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 204 Middle East & Africa: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 205 Middle East & Africa: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 206 Egypt: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 207 Egypt: Microalgae Market, by Type, 2022–2031 (Tons)
Table 208 Egypt: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 209 Egypt: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 210 Egypt: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 211 Egypt: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 212 Saudi Arabia: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 213 Saudi Arabia: Microalgae Market, by Type, 2022–2031 (Tons)
Table 214 Saudi Arabia: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 215 Saudi Arabia: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 216 Saudi Arabia: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 217 Saudi Arabia: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 218 South Africa: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 219 South Africa: Microalgae Market, by Type, 2022–2031 (Tons)
Table 220 South Africa: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 221 South Africa: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 222 South Africa: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 223 South Africa: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 224 UAE: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 225 UAE: Microalgae Market, by Type, 2022–2031 (Tons)
Table 226 UAE: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 227 UAE: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 228 UAE: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 229 UAE: Microalgae Market, by Application, 2022–2031 (USD Million)
Table 230 Rest of Middle East & Africa: Microalgae Market, by Type, 2022–2031 (USD Million)
Table 231 Rest of Middle East & Africa: Microalgae Market, by Type, 2022–2031 (Tons)
Table 232 Rest of Middle East & Africa: Microalgae Market, by Production Technique, 2022–2031 (USD Million)
Table 233 Rest of Middle East & Africa: Microalgae Market, by Category, 2022–2031 (USD Million)
Table 234 Rest of Middle East & Africa: Microalgae Market, by Distribution Channel, 2022–2031 (USD Million)
Table 235 Rest of Middle East & Africa: Microalgae Market, by Application, 2022–2031 (USD Million)
List of Figures
Figure 1 Research Process
Figure 2 Secondary Sources Referenced for this Study
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 6 Market Sizing and Growth Forecast Approach
Figure 7 In 2024, the Spirulina Segment to Dominate the Global Microalgae Market
Figure 8 In 2024, the Ponds Segment to Dominate the Global Microalgae Market
Figure 9 In 2024, the Inorganic Segment to Dominate the Global Microalgae Market
Figure 10 In 2024, the Business Channel (B2B) Segment to Dominate the Overall Microalgae Market
Figure 11 In 2024, the Nutraceuticals Segment to Dominate the Overall Microalgae Market
Figure 12 North America to be the Fastest-Growing Regional Market
Figure 13 Impact Analysis of Market Dynamics
Figure 14 Microalgae Market: Porter’s Five Forces Analysis
Figure 15 Global Microalgae Market, by Type, 2024 Vs. 2031 (USD Million)
Figure 16 Global Microalgae Market, by Type, 2024 Vs. 2031 (Tons)
Figure 17 Global Microalgae Market, by Production Technique, 2024 Vs. 2031 (USD Million)
Figure 18 Global Microalgae Market, by Category, 2024 Vs. 2031 (USD Million)
Figure 19 Global Microalgae Market, by Distribution Channel, 2024 Vs. 2031 (USD Million)
Figure 20 Global Microalgae Market, by Application, 2024 Vs. 2031 (USD Million)
Figure 21 North America: Microalgae Market Snapshot (2024)
Figure 22 Europe: Microalgae Market Snapshot (2024)
Figure 23 Asia-Pacific: Microalgae Market Snapshot (2024)
Figure 24 Latin America: Microalgae Market Snapshot (2024)
Figure 25 Middle East & Africa: Microalgae Market Snapshot (2024)
Figure 26 Key Growth Strategies Adopted by Leading Players (2021–2024)
Figure 27 Global Microalgae Market Competitive Benchmarking, by Type
Figure 28 Competitive Dashboard: Global Microalgae Market
Figure 29 Global Microalgae Market Ranking/Positioning of Key Players, 2023
Figure 30 DIC Corporation: Financial Overview (2023)
Figure 31 E.I.D. - Parry (India) Limited: Financial Overview (2024)
Figure 32 Cyanotech Corporation: Financial Overview (2023)
Figure 33 Daesang Corporation: Financial Overview (2023)
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