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Microalgae Market - Global Growth, Trends and Forecast (2022 - 2029) By Types, By Application, By Regions and By Key Players: DIC Corporation, Cyanotech Corporation, Algaetech Group, TAAU Australia

30 Jun, 2022 | 160 Pages
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Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Microalgae Market size is projected to accrue voluminously by 2029 registering a phenomenal CAGR of 8.56% during the review period (2022 to 2029).

Microalgae Market Overview

Microalgae are extremely small algae that are invisible to the unaided eye. They are frequently observed in freshwater and marine systems, where they coexist with sediment and the water column. Microalgae are employed in many food products and nutritional supplements because they are a rich source of protein, carbs, enzymes, and other nutrients.

The global microalgae market is anticipated to increase as a result of the expanding usage of algae photobioreactors as a source of bulk proteins. These proteins, in contrast to other protein sources, are crucial for supplying the world's needs since they have so many advantageous traits. The industry is also projected to grow as a result of the quick development of new strains thanks to technology advances that can manage high salinity and improve energy efficiency. It is projected that the pressing need for early pollutant identification would open up new growth prospects for emerging photobioreactor microalgae producers.

The opportunity for the microalgae industry to flourish is made possible by the rising investment in algae cultivation. Technology and scientific developments are advancing the microalgae market. As more small enterprises consider entering the microalgae market, the difficulties associated with the development of microalgae or biofuels generated from microalgae may hinder the expansion of the microalgae industry.

What is our Microalgae Market report scope?

 

Report Attributes

 

 

Report Details

 

Forecast Period 2022 to 2029 CAGR

 

CAGR of 8.56 % during the review period (2022 to 2029).

 

By Type

  •  
  • Spirulina
  • Chlorella
  • Dunaliella
  • Amphora
  • Other algae

 

By Application

  • Food
  • Feed
  • Pharmaceuticals
  • Biofuels
  • Other

 

 By Companies

 

 

 

 

DIC Corporation, Cyanotech Corporation, Algaetech Group, TAAU Australia, Fuqing King Dnarmsa Spirulina, Shengbada Biology, Green A, Dongtai City Spirulina Bio-engineering, Alltech, Parry Nutraceuticals, BlueBioTech, Roquette Klötze, ALLMA, Cyane, Archime,DSM,Naturex S.A,Algarithm

 

 

Regions Covered

 

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

 

 

 

 

 

 

 

 

Countries Covered

  • US
  • Canada
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • Middle East & Africa
  • Latin America

 

Base Year

 

 

2022

 

Historical Year

 

 

2017 to 2021

Forecast Year

 

2022 to 2029

Number of Pages

160

 

Customization Available

 

 

Yes, the report can be customized as per your needs

Frequently Asked Questions

What is the study period of this market?

The Microalgae Market is studied from 2017 - 2029.

What is the growth rate of Microalgae Market?

The Microalgae Market is growing at a CAGR of 8.56 % over the next forecast years.

Who are the key players in Microalgae Market?

DIC Corporation, Cyanotech Corporation, Algaetech Group, TAAU Australia, Fuqing King Dnarmsa Spirulina, Shengbada Biology, Green A, Dongtai City Spirulina Bio-engineering, Alltech, Parry Nutraceuticals, BlueBioTech, Roquette Klötze, ALLMA, Cyane, Archime,DSM,Naturex S.A,Algarithm

What region does this Microalgae Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Microalgae Market?

Spirulina, Chlorella, Dunaliella, Amphora, Other algae

What are the major end-use applications of Microalgae Market?

Food, Feed, Pharmaceuticals, Biofuels, Other

Who are the Major Players in Microalgae Market?

The Microalgae Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market DIC Corporation, Cyanotech Corporation, Algaetech Group, TAAU Australia, Fuqing King Dnarmsa Spirulina, Shengbada Biology, Green A, Dongtai City Spirulina Bio-engineering, Alltech, Parry Nutraceuticals, BlueBioTech, Roquette Klötze, ALLMA, Cyane, Archime,DSM,Naturex S.A,Algarithm and others.

Industry News:

In 2020, DSM announced a new research collaboration with TRAQ that is developing a point-of-need test, which can track activity and health data through saliva sampling. The research will be used to measure a health biomarker from saliva, and to test, if a supplementation with specific vitamins, minerals, and other nutrients exists.

In 2019, Naturex S.A increased its coloring food product portfolio with the launch of the Ultimate spirulina collection and also tripled the production capacity of spirulina.

In January 2019, Algarithm received non- GMO certification for Omega-3 DHA algal oil. This certification proved that company is attempting best GMO practices and performing rigorous standards in order to maintain the product quality. This certification enhanced the company’s credibility in microalgae market.

What are the major Applications, Types and Regions for Microalgae Market?

By Type, it is segmented into

  • Spirulina
  • Chlorella
  • Dunaliella
  • Amphora
  • Other algae

By Applications it is segmented into

  • Food
  • Feed
  • Pharmaceuticals
  • Biofuels
  • Other

Microalgae Market Regional Analysis

North America is predicted to have the highest share of the global microalgae market followed by Asia-Pacific and Europe. The high consumption of health supplements, strict regulations against the use of synthetic colors, growth of subsidiary industries such as cosmetics and biofertilizers, increasing preference for natural protein sources, and the presence of key algae biomass manufacturers with large production capacities, especially in the United States, are all factors contributing to this region's large share.

However, Europe is expected to grow significantly over the forecast period, owing to increased use of microalgae, particularly spirulina and chlorella, in the production of therapeutic and nutritional products, growing aversion to synthetic colors, rising demand for natural blue colorants, and investments from leading color stakeholders in the phycocyanin space.

The market for Microalgae in Asia is predicted to increase rapidly over the next few years, followed by Europe. In Asia, China and India are likely to be the fastest expanding markets.

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Middle East & Africa
    • Latin America

The Microalgae Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Microalgae Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

  1. Introduction
    1. Research Scope
    2. Market Segmentation
    3. Research Methodology
  2. Executive Summary
  3. Market Dynamics
    1. Market Drivers
    2. Market Restraints
  4. Key Insights
    1. Pricing Analysis, By Key Regions, 2022
    2. Price Comparison (USD Per Ton) By Type (Spirulina, Chlorella, Dunaliella, Amphora, Other algae) 2021/2022
    3. Price Comparison (USD, Per Ton): By Application (Food, Feed, Pharmaceuticals, Biofuels, Other) 2021/2022
    4. Impact of COVID-19 on the Microalgae Market
    5. Production Share of Microalgae, By Region, 2022
    6. Key Industry Developments
  5. Global Microalgae Market Analysis, Insights and Forecast, 2022-2029
    1. Market Analysis, Insights and Forecast – By Application
      1. Food
      2. Feed
      3. Pharmaceuticals
      4. Biofuels
      5. Other
    2. Market Analysis, Insights and Forecast – By Type
      1. Spirulina
      2. Chlorella
      3. Dunaliella
      4. Amphora
      5. Other algae
    3. Market Analysis, Insights and Forecast – By Region
      1. North America
      2. Europe
      3. Asia Pacific
      4. Rest of World
  6. Competitive Analysis
    1. Global Market Share Analysis (2021)
    2. Company Profiles (Overview, Products, SWOT analysis, Recent developments, strategies, financials (based on availability))
      1. DIC Corporation
        1. Overview,
        2. Products,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      2. Cyanotech Corporation
        1. Overview,
        2. Products,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      3. Algaetech Group
        1. Overview,
        2. Products,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      4. TAAU Australia
        1. Overview,
        2. Products,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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