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According to our (Global Info Research) latest study, the global Microalgae market size was valued at USD 291.2 million in 2023 and is forecast to a readjusted size of USD 424.5 million by 2030 with a CAGR of 5.5% during review period.
Microphytes or microalgae are microscopic algae, typically found in freshwater and marine systems living in both the water column and sediment. They are unicellular species which exist individually, or in chains or groups. Depending on the species, their sizes can range from a few micrometers (µm) to a few hundreds of micrometers. Unlike higher plants, microalgae do not have roots, stems, or leaves.
Global microalgae key players are DIC Corporation, Cyanotech Corporation, Algaetech Group etc. Top 5 companies occupied about 45% market share.China is the largest market with about 35% market share. North America is follower, accounting for about 20% market share.In terms of product, spirulina is the largest segment, with a share about 60%. And in terms of application, the largest application is health, followed by feed.
The Global Info Research report includes an overview of the development of the Microalgae industry chain, the market status of Health (Spirulina, Dunaliella Salina), Food (Spirulina, Dunaliella Salina), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Microalgae.
Regionally, the report analyzes the Microalgae markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Microalgae market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Microalgae market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Microalgae industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (MT), revenue generated, and market share of different by Type (e.g., Spirulina, Dunaliella Salina).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Microalgae market.
Regional Analysis: The report involves examining the Microalgae market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Microalgae market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Microalgae:
Company Analysis: Report covers individual Microalgae manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Microalgae This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Health, Food).
Technology Analysis: Report covers specific technologies relevant to Microalgae. It assesses the current state, advancements, and potential future developments in Microalgae areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Microalgae market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Microalgae market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
- Spirulina
- Dunaliella Salina
- Chlorella
- Aphanocapsa
- Other
Market segment by Application
- Health
- Food
- Feed
- Energy
- Other
Major players covered
- DIC Corporation
- Cyanotech Corporation
- Algaetech Group
- TAAU Australia
- Fuqing King Dnarmsa Spirulina
- Shengbada Biology
- Green A Biological
- Dongtai City Spirulina Bio-Engineering
- Alltech
- Parry Nutraceuticals
- BlueBioTech
- Roquette
- Allma (Allmicroalgae)
- Global EcoPower (Cyane)
- Archimede Ricerche
- AlgaEnergy
- Phycom
- Necton
- Chenghai Bao ER
- Dongying Haifu Biological
Market segment by region, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Microalgae product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Microalgae, with price, sales, revenue and global market share of Microalgae from 2019 to 2024.
Chapter 3, the Microalgae competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Microalgae breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Microalgae market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Microalgae.
Chapter 14 and 15, to describe Microalgae sales channel, distributors, customers, research findings and conclusion.