Microalgae Market - Global Market Share, Trends, Analysis and Forecast 2023 – 2032
The global microalgae market size was estimated to be US$ 710 million in 2020 and is expected to reach US$ 1.93 billion by 2031 at a CAGR of 9.6%. Microalgae is an exceptionally nutritious and rich origin of nutrients, for example, nutrient B12, A, B1, B6, C, B2 and E, just as minerals like calcium, potassium, magnesium, iodine, and iron.
Microalgae, otherwise called microphytes are microscopic planktons that are not visible to the naked human eye and are found in the silt of freshwater and marine ecosystem. Microalgae go about as a clarifying component in shampoos and are successful in eliminating buildup of styling items, excess of sebum, and numerous different impurities. Microalgae help in reducing chances of going bald by bringing down the aggravation created by bacterial diseases on the scalp. Microalgae stimulate the hair improvement, giving it a radiant sheen and a great deal of volumes. Microalgae are high in nutrients, minerals, and minor components, all of which help to fortify and reestablish hair texture and growth.
Microalgae contain high protein, which assists with fortifying hair roots. Chlorella is professed to improve the degree of keratin, which is the primary part of hair. It additionally contains sulfur, which speeds up the hair's development stage, bringing about shinier, longer, and more silky smooth hair.
Microalgae have considerable amount of nutrient A, nutrient C, nutrient E, just as Beta-carotene, making them a crucial component in pet food. Microalgae can assist with expanding your pet's hunger while likewise fortifying their immunity. Microalgae are likewise found to bring down pet death rates. Microalgae's positive attributes in pet food are moving the worldwide microalgae pet food industry forward currently.
Plant-based proteins can be considered currently one of the central source of protein for food and animal feed. Microalgae have arisen as a promising practical alternative protein source. The utilization of microalgae as a source of mass proteins is a generally late idea. Microalgae proteins might assume a fundamental part in group of worldwide protein needs as they have huge advantages over some other protein sources which are currently being used. When contrasted with animal based proteins, microalgae proteins require less land. When it comes to protein quality, chlorella and arthrospira contribute significantly, as the two species have the most ideal amino acids. Asia and North America at present lead the spirulina manufacturing while chlorella creation is generally done in warm environment of Asia. Lately, chlorella is created in Klotze plant, Germany.
The two species have amino acid arrangements that are like other conventional protein sources like eggs and soybeans. Protein bioavailability from entire microalgae may be improved by utilizing pre-treatments that upset cell dividers, which restrain damage. Along these lines, continuous innovative work is driving microalgae protein demand during the speculation period of 2023-2032.
Microalgae Market Value Share Analysis, by Geography (2022)
The report titled “Microalgae Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Microalgae Market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The Microalgae market is segmented as product type, microalgae strain, category, form, grade, application, distribution channel, and region. Based on product type, the Nucleases market is segmented into dunaliella salina, spirulina, chlorella and others. Based on microalgae strain, the Nucleases market is segmented into haematococcus pluvialis, phaeodactylum tricornutum, porphyridium cruentum, nannochloropsis and others. Based on category, the Nucleases market is segmented into organic, inorganic, others. Based on form, the Nucleases market is segmented into powder/dry, liquid, other. Based on grade, the Nucleases market is segmented into food grade, feed grade, fuel grade, cosmetics grade and others. Based on application, the Nucleases market is segmented into food & beverage, dietary supplements, pharmaceuticals, cosmetics & personal care, biofuel, inks, animal feed and others.
Based on geography, the Microalgae Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Microalgae Market. Further, market share of prominent companies in the Microalgae Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Nucleases companies. The Microalgae Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the Nucleases business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Microalgae Market.
The key players of the Microalgae Market are DSM, BIOPROCESS ALGAE, LLC., Cellana Inc., Corbion, Cyanotech Corporation, Henry Lamotte Oils GmbH, Algarithm, Algaecytes, Australian Spirulina, Algatech LTD, Lyxia, BASF SE, Corbion, E.I.D. - Parry (India) Limited, Kuehnle AgroSystems Inc., euglena Co., Ltd., AstaReal AB, Heliae Development, LLC, ALGISYS LLC, AlgaEnergy, ALGENOL, and others.
Microalgae Market Key Segments:
Based on product type
- Dunaliella salina
- Spirulina
- Chlorella
- others
Based on microalgae strain
- Haematococcus pluvialis
- Phaeodactylum tricornutum
- Porphyridium cruentum
- Nannochloropsis
- others
Based on category
- Organic
- Inorganic
- others
Based on form
- Powder/dry
- Liquid
- Other
Based on grade
- Food grade
- Feed grade
- Fuel grade
- Cosmetics grade
- Others
Based on application
- Food & beverage
- Dietary supplements
- Pharmaceuticals
- Cosmetics
- Personal care
- Biofuel
- Inks
- Animal feed
- Others
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- South Africa
- Saudi Arabia
- Rest of Middle East & Asia
- South America
- Brazil
- Rest of South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Microalgae Market
- Global Microalgae Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Trends
- Global Microalgae Market Analysis and Forecast, by Type
- Overview and definitions
- Key segment analysis
- Global Microalgae Market Estimates (US$ Mn), by Type, 2019 – 2032
- Spirulina
- Chlorella
- Dunaliella Salina
- Haematococcus Pluvialis
- Other Microalgae
- Global Microalgae Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Microalgae Market Estimates (US$ Mn), by Application, 2019 – 2032
- Nutraceuticals
- Food and Beverages
- Animal Feed
- Cosmetics
- Other Applications
- Global Microalgae Market Analysis and Forecast, by Sales Channel
- Overview and definitions
- Key segment analysis
- Global Microalgae Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- Institutional
- Retail Sales
- Global Microalgae Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Microalgae Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Microalgae Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Microalgae Market Estimates (US$ Mn), by Type, 2019 – 2032
- Spirulina
- Chlorella
- Dunaliella Salina
- Haematococcus Pluvialis
- Other Microalgae
- North America Microalgae Market Estimates (US$ Mn), by Application, 2019 – 2032
- Nutraceuticals
- Food and Beverages
- Animal Feed
- Cosmetics
- Other Applications
- North America Microalgae Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- Institutional
- Retail Sales
- North America Microalgae Market Estimates (US$ Mn), Country, 2019 – 2032
- The U.S.
- Canada
- Rest of North America
- Europe Microalgae Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Microalgae Market Estimates (US$ Mn), by Type, 2019 – 2032
- Spirulina
- Chlorella
- Dunaliella Salina
- Haematococcus Pluvialis
- Other Microalgae
- Europe Microalgae Market Estimates (US$ Mn), by Application, 2019 – 2032
- Nutraceuticals
- Food and Beverages
- Animal Feed
- Cosmetics
- Other Applications
- Europe Microalgae Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- Institutional
- Retail Sales
- Europe Microalgae Market Estimates (US$ Mn), Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific Microalgae Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Microalgae Market Estimates (US$ Mn), by Type, 2019 – 2032
- Spirulina
- Chlorella
- Dunaliella Salina
- Haematococcus Pluvialis
- Other Microalgae
- Asia Pacific Microalgae Market Estimates (US$ Mn), by Application, 2019 – 2032
- Nutraceuticals
- Food and Beverages
- Animal Feed
- Cosmetics
- Other Applications
- Asia Pacific Microalgae Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- Institutional
- Retail Sales
- Asia Pacific Microalgae Market Estimates (US$ Mn), Country, 2019 – 2032
- Japan
- India
- China
- South Korea
- Australia
- Rest of Asia Pacific
- Middle East & Africa Microalgae Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Microalgae Market Estimates (US$ Mn), by Type, 2019 – 2032
- Spirulina
- Chlorella
- Dunaliella Salina
- Haematococcus Pluvialis
- Other Microalgae
- Middle East & Africa Microalgae Market Estimates (US$ Mn), by Application, 2019 – 2032
- Nutraceuticals
- Food and Beverages
- Animal Feed
- Cosmetics
- Other Applications
- Middle East & Africa Microalgae Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- Institutional
- Retail Sales
- Middle East & Africa Microalgae Market Estimates (US$ Mn), Country, 2019 – 2032
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East
- South America Microalgae Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Microalgae Market Estimates (US$ Mn), by Type, 2019 – 2032
- Spirulina
- Chlorella
- Dunaliella Salina
- Haematococcus Pluvialis
- Other Microalgae
- South America Microalgae Market Estimates (US$ Mn), by Application, 2019 – 2032
- Nutraceuticals
- Food and Beverages
- Animal Feed
- Cosmetics
- Other Applications
- South America Microalgae Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- Institutional
- Retail Sales
- South America Microalgae Market Estimates (US$ Mn), Country, 2019 – 2032
- Brazil
- Rest of South America
- Competition Analysis – Microalgae Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Earthrise Nutritionals, LLC
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- DSM
- East India Distilleries Parry Limited
- Cyanotech Corporation
- Dongtai City Spirulina Bio-Engineering Co. Ltd.
- Taiwan Chlorella Manufacturing Company (TCMC)
- Roquette Klötze GmbH & Co. KG
- Duplaco B.V.
- BASF SE
- Corbion
- AlgaEnergy
- Earthrise Nutritionals, LLC
- Conclusion & Recommendations
Frequently asked questions about this report
How big is the Microalgae Market?
The global Microalgae market was worth US$ 710 million in 2020.
What is the estimated growth rate of Microalgae Market?
The global Microalgae market is expected to register a CAGR of 9.6% by 2031.
How is the regional performance of the market?
North America is the prominent geography of Microalgae market.
What would be forecast period in the market report?
The forecast period for the report is 2022-2032.
Which companies are profiled in the Microalgae Market report?
The key players profiled in this report include include DSM, BIOPROCESS ALGAE, LLC., Cellana Inc., Corbion, Cyanotech Corporation, Henry Lamotte Oils GmbH, Algarithm, Algaecytes, Australian Spirulina.