Resources 
    • About Us 

    • Home Report Store Microalgae Market
    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 Hours

    Microalgae 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. 

    Microalgae Market

    Click here to: Get Free Sample Pages of this Report

    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  

    • In November 2022, BGG launched its Organic Astaxanthin in oleoresin form with organic certification. 

    • 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. 

    • 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 

    PDF 

    Forecast Period 

    2024–2031 

    Base Year 

    2024 

    CAGR (Value) 

    8.6% 

    Market Size (Value) 

    USD 2.26 Billion by 2031 

    CAGR (Volume) 

    7.8% 

    Market (Volume) 

    162,263 Tons by 2031 

    Segments Covered 

    By Type 

    • Spirulina 

    • Chlorella 

    • Dunaliella Salina 

    • Haematococcus Pluvialis 

    • Nannochloropsis 

    • Other Microalgae 

    By Production Technique 

    • Ponds  

    • Fermenters 

    • Photobioreactors (PBR) 

    By Category 

    • Inorganic 

    • Organic 

    By Distribution Channel 

    • Business-to-business Channel (B2B) 

    • Business-to-consumer Channel (B2C)  

    By Application 

    • Nutraceuticals 

    • Food and Beverages 

    • Animal Feed 

    • Cosmetics 

    • Other Applications 

    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. 

    Enquire
    Check Discount
    Related Tag: Microalgae Market Chlorella Chlorella Spirulina Nannochloropsis Photobioreactors Ponds Fermenters Nutraceuticals Food And Beverages
    Algae Products
    Food and Beverages

    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)

    Enquire
    Check Discount
    Author Name:

    Shubham Lawande, Prashant Bombe

    Related Tag: Microalgae Market Chlorella Chlorella Spirulina Nannochloropsis Photobioreactors Ponds Fermenters Nutraceuticals Food And Beverages
    Algae Products
    Food and Beverages

    The Microalgae Products Market is projected to reach $2.26 billion by 2031, at a CAGR of 8.6% from 2024 to 2031. Consumer preferences for health and wellness trends, the expanding dietary supplement industry, rising demand for natural food colors, rising vegetarianism, growth in the nutraceuticals sector, and increased interest in microalgae-based products all contribute to driving the growth of the microalgae market. Nonetheless, low awareness of the benefits of microalgae and the complexity connected with algal product production are projected to hinder market growth.

    Here are the top 10 companies operating in the  Microalgae Market

    Fuqing King Dnarmsa Spirulina Co., Ltd. (China)

    Founded in 1995 and headquartered in Fusing, China, King Dnarmsa is engaged in the breeding, production, sales, and scientific research of algae. The company owns seven cultivation farms, an algae research institute, and an algae product deep-processing workshop. King Dnarmsa offers spirulina powder/tablets, chlorella powder/tablets, phycocyanin, and Dunaliella salina. The company is ISO9001:2015, HACCP, BRC, Kosher, Halal, NOP, and EU organic certified

    With algae farms in Hainan province, the company produces 1600 tons of spirulina, 400 tons of chlorella, and 30 tons of phycocyanin per year.

    Earthrise Nutritionals, LLC, (U.S.)

    Founded in 1976 and headquartered in California, U.S., Earthrise produces spirulina and spirulina-based products. In 1981, Earthrise partnered with Dainippon Ink and Chemicals (Japan), a diversified product company committed to developing micro-algae for food, biochemical, and pharmaceutical applications. In 2005, Dainippon (Present DIC corporation) acquired Earthrise Nutritional. The company conducts its business in the B2C model, operating through online and in-store sales modes. Furthermore, Earthrise Nutritional’s products are used for different applications in food and beverages.

    Linablue is Earthrise Nutritional’s spirulina extract product. Phycocyanin is a natural blue pigment derived from spirulina. It can be used as a natural food colorant as well as a functional food ingredient. It is an approved natural blue colorant in the U.S., Europe, and Asia. The company offers its phycocyanin products in powder and liquid forms.

    E.I.D. – PARRY (INDIA) LIMITED

    Founded in 1788 and headquartered in Chennai, India, E.I.D. – Parry is engaged in the manufacturing of sugar, biopesticides, and nutraceuticals. The company operates through four product segments, namely, Sugar, Cogeneration, Distillery, and Nutraceuticals. The Nutraceuticals segment provides organic spirulina, chlorella, and microalgal products.

    E.I.D. offers its products to the confectionery, bakery, beverages, and dairy industries. With its subsidiaries and a strong distribution network in over 41 countries, the company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

    Cyanotech Corporation

    Founded in 1983 and headquartered in Kailua-Kona, U.S., Cyanotech is engaged in the cultivation and production of natural products derived from microalgae for health and human dietary supplements. The company operates through three business segments, namely, Natural Astaxanthin Products, Spirulina Products, and Contract Extraction Services. Cyanotech has microalgae cultivation ponds and offers spirulina in powder and tablet forms. The company provides its products to food, agriculture, animal feed, dietary supplement, nutraceutical, and cosmetic industries.

    C.B.N. Bio-engineering Co., Ltd

    Founded in 1994 and headquartered in Dongtai, China, C.B.N. is engaged in R&D, manufacturing, and selling spirulina, chlorella, phycocyanin, and haematococcus pluvialis. The company offers organic spirulina and chlorella powders. It also provides spirulina tablets and phycocyanin powder through the B2B business model.

    C.B.N. has a production base of 600,000 m2. With its subsidiaries and a strong distribution network in over 30 countries, the company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.


    YUNNAN GREEN A BIOLOGICAL PROJECT CO., LTD.

    Founded in 1997 and headquartered in Kunming, China, Yunnan Green is engaged in developing, breeding, producing, and marketing microalgae products. The company’s annual microalgae production capacity, comprising the production of spirulina, chlorella, and Haematococcus Pluvialis, is 3,000 metric tons. Yunnan Green offers its products in the form of powder, tablets, and extract-phycocyanin to the healthcare, medicine, cosmetics, and food industries.

    Jiangshan COMP SPIRULINA CO., LTD.

    Founded in 1997 and headquartered in Jiangshan, China, Jiangshan is engaged in algae cultivation, R&D, production, and selling. The company has three farms for spirulina and chlorella cultivation. Jiangshan offers spirulina in the form of powder, tablets, and phycocyanin and also provides feed-grade spirulina and phycocyanin extracts. The company’s farms have passed the organic test, and its spirulina/chlorella powder and tablets are organic certificated. Jiangshan products are provided to the food, pharmaceutical, and nutraceutical industries.

    Inner Mongolia Rejuve Biotech Co., Ltd.

    Founded in 2006 and headquartered in Wukan, China, Inner Mongolia Rejuve Biotech is engaged in cultivating, harvesting, and drying spirulina, chlorella, and phycocyanin. The company has an alga breeding base of 630,000 m2 and offers its products in the form of tablets and powder. The company operates through both B2B and B2C business models.

    Zhejiang Binmei Biotechnology Co., Ltd.

    Founded in 2013 and headquartered in Zhejiang Province, China, Zhejiang Binmei Biotechnology manufactures high-quality and reliable powder, liquid, and oil-soluble spirulina extracts (phycocyanin), Carthamus, safflower, and trehalose. The company offers its products to the food, health, cosmetics, and pharmaceutical industries.

    Zhejiang Binmei Biotechnology has an independent intellectual property right about spirulina extraction. Its independent innovation and high-activity phycocyanin natural purification technology is a patented technology. Additionally, the company has obtained eight technical patents in marine biology.

    Bluetec Naturals CO., LTD.

    Founded in 1998 and headquartered in Inner Mongolia, China, Bluetec is a supplier of algae products. The company produces around 500 tons of spirulina annually and provides phycocyanin, chlorella, astaxanthin, and spirulina extracts. Bluetec offers its products to the food, cosmetic and pharmaceutical industries. In 2016, the company developed an innovative technology to extract phycocyanin from spirulina.


    Popular Mention: 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).

      This website is secure and we do not share your personal information with any third party. privacy policy
      You will also receive a PDF copy of this sample in your mailbox.

      Proudly Partnering With Enterprises Around the Globe

      Accenture Amazon BCG-Corporate BioRad Boehringer-Ingelheim Deloitte Fujifilm Intel PEPSICO Samsung Olympus McKinsey LG-Chem Rosetta-Stone tata-consultancy-services SK Kao IQVIA Vemag Canada Genscript Grupo-Vilaseca HEC Highland-Metals-Inc
      Related Tag: Microalgae Market Chlorella Chlorella Spirulina Nannochloropsis Photobioreactors Ponds Fermenters Nutraceuticals Food And Beverages
      Request Sample
      Customize My Report
      Quick Contact
      Chat on Whatsapp
      Linkdin
      Whatsapp
      Feed
      Related Reports
      North America Microalgae Market - Opportunity Analysis and Industry Forecast (2025-2032)

         Published Date: Jan-2025

      Europe Microalgae Market - Regional Opportunity Analysis and Industry Forecast (2023-2030)

         Published Date: Apr-2023

      Algae Products Market - Global Opportunity Analysis and Industry Forecast (2024-2031)

         Published Date: Jan-2024

      Algal Pigments Market - Global Opportunity Analysis and Industry Forecast (2025-2032)

         Published Date: Feb-2025

      Europe Lipid Ingredients Market For Cosmetics - Opportunity Analysis And Industry Forecast (2021-2028)

         Published Date: Sep-2021

      Table Of Content
      Download Free Sample Report
      Meticulous Research
      US
      +1 646-781-8004
      Meticulous Research
      Europe
      +44-203-868-8738
      Meticulous Research
      APAC
      +91-744-778-0008