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In this report, global Microalgae Market will reach 3675.80 Million USD by the end of 2022 with a CAGR of 3.49%
The Microalgae sales revenue was 2956.15 Million USD in 2016 and is expected to reach 3675.80 Million USD in 2022, growing at a CAGR of 3.49% from 2016 to 2022.
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.
Microalgae can be divided into five categories: Spirulina type, Chlorella type, Dunaliella type, Amphora type and other types. Spirulina type accounted for the highest proportion in production market, with a figure of 55.01% in 2017, followed by Chlorella type, account for 22.90% and Dunaliella type account for 8.27%.
The consumption market share of global Microalgae in Food use, Feed use, Pharmaceuticals use, Biofuels use and other applications have been stable year by year, at 17.86%, 27.47%, 40.34%, 6.30% and 8.03% respectively in 2017, and for several consecutive years, the amplitude was within one percent. This indicates that the segment of the Microalgae in the global market tends to be fixed without great changes. Among them, the Microalgae market has the most promising sales prospects in Pharmaceuticals use.
XYZ research center data shows that China is the biggest contributor to the Microalgae revenue market, accounted for 74.82% of the total global market with a revenue of 18631.6 million USD in 2017, followed by North America, 5.81% with a revenue of 1447.1 million USD.
The global leading players in this market are DIC Corporation, Cyanotech Corporation, Algaetech Group, TAAU Australia, Fuqing King Dnarmsa Spirulina, Shengbada Biology, CBN, Green-A, Parry, Nutraceuticals, Hydrolina Biotech, Spirin, Chenghai Bao ER.
Currently, a major challenge affecting the market growth is the limitation of downstream market. As large demand of healthy products at home and abroad, many companies began to enter the field. Currently, the Microalgae industry is not only begin to transit to Microalgae products, while still extend in the resource-rich land and downstream industry chain. Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep stable increasing, as well as the consumption value.
Geographically, global Microalgae market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
- DIC Corporation
- Cyanotech Corporation
- Algaetech Group
- TAAU Australia
- Fuqing King Dnarmsa Spirulina
- Shengbada Biology
- CBN
- Green-A
- Parry Nutraceuticals
- Hydrolina Biotech
- Spirin
- Chenghai Bao ER
On the basis of product, we research the production, revenue, price, market share and growth rate, primarily split into
- Navicula
- Amphora
- Pavlova
- Isochrysis
- Crypthecodinium cohnii
- Others
For the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Microalgae for each application, including
- Food
- Feed (For Bivalves, For Shrimp, For Marine fish larvae, For zooplankton)
- Pharmaceuticals
- Biofuels
Production, consumption, revenue, market share and growth rate are the key targets for Microalgae from 2014 to 2026 (forecast) in these regions
- China
- USA
- Europe
- Japan
- Korea
- India
- Southeast Asia
- South America
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