Microalgae-Based Products Industry Set for Rapid Growth

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nikhat 09 Sep 2024

The Global Microalgae based Products Market size was valued at USD 13.25 Billion in 2023 and the total Microalgae based Products revenue is expected to grow at a CAGR of 8.2% from 2024 to 2030, reaching nearly USD 23.01 Billion by 2030.

Microalgae based Products Market Values

The Microalgae-Based Products Market is experiencing significant growth, reflecting increasing interest in sustainable and high-nutrient alternatives across various industries. Valued at approximately USD X billion in 2023, the market is projected to expand substantially in the coming years. This growth is driven by the rising demand for microalgae-based products in sectors such as nutrition, pharmaceuticals, cosmetics, and agriculture, where microalgae offer a rich source of proteins, vitamins, and antioxidants. The shift towards natural and eco-friendly ingredients, coupled with advancements in microalgae cultivation and processing technologies, is further fueling market expansion. As consumers and industries alike prioritize health and sustainability, the microalgae-based products market is poised for robust development.

Microalgae based Products Market Overview

Maximize Market Research, a leading international business consultancy firm, has released its highly anticipated "Microalgae based Products Market" Report, providing crucial insights into the market's potential in the Asia Pacific region. Despite economic challenges post the Covid lockdown period, the market has showcased resilience and an upward trend. The report positions the Asia Pacific region as a lucrative opportunity forMicroalgae based Products market and its component manufacturers over the next decade.

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Microalgae based Products Market Scope

Import and export consumption, supply and demand chain, costs, shares, sales volumes, revenues, and gross profits are covered in theMicroalgae based Products market analysis report. The manufacturing bases, capacity, production, factory prices, revenues, and market share of each manufacturer in theMicroalgae based Products market are examined in the report.

Microalgae based Products Market Segmentation

by Species Type

Spirulina
Chlorella
Dunaliella Salina
Others

With the largest market share of 38% in 2023, the Spirulina segment led the global Microalgae-based Products market by species type. Throughout the projection period, the segment is anticipated to continue growing at a CAGR of 8.5% and to remain dominant. Its distinct qualities, including being an abundant supply of protein, vitamins, minerals, and antioxidants, have led to its widespread use in natural and organic food products, including anti-inflammatory, sports nutrition, and animal feed.
by Category

Inorganic
Organic
by Application

Food and Beverages
Animal feed
Cosmetics
Others

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Microalgae based Products Market Key Players

1. Fuqing King Dnarmsa Spirulina Co., Ltd. (China)
2. Earthrise Nutritionals, LLC, (U.S.)
3. E.I.D. - PARRY LIMITED (INDIA)
4. Cyanotech Corporation (U.S.)
5. C.B.N. Bio-engineering Co.Ltd (China)
6. YUNNAN GREEN A BIOLOGICAL PROJECT CO., LTD. (Yunnan Spirin
7. Biotechnology Co. Ltd (China)
8. Jiangshan COMP SPIRULINA CO., LTD. (China)
9. Inner Mongolia Rejuve Biotech Co., Ltd. (China)
10. Zhejiang Binmei BiotechnologyCo., Ltd. (China)
11. Bluetec Naturals CO., LTD. (China)
12. Taiwan Chlorella Manufacturing Company(TCMC) (Taiwan)
13. Sun Chlorella Corporation (Japan)
14. Roquette Klötze GmbH Co. KG (Germany)
15. Gong Bih Enterprise Co., Ltd.(Taiwan)
16. Yaeyama Shokusan Co., Ltd. (Euglena Co Ltd) (Japan)
17. VedanBiotechnology Corporation (Taiwan)
18. AlgoSource (France)
19. Tianjin Norland Biotech CO., LTD (China)
20. Phycom BV (Netherlands)
21. AllMicroalgae based Products Natural Products S.A. (Portugal)
22. Aliga Microalgae based Products (Denmark)
23. Taiwan Wilson Enterprise Inc. (Taiwan)
24. Daesang Corporation (Korea)
25. Algalimento SL (Spain)
26. Seagrass Tech Private Limited (India)
27. Plankton Australia Pty Limited (Australia)
28. Hangzhou Ouqi Food Co., Ltd. (China)
29. Shaanxi Rebecca Bio-Tech Co., Ltd (China)

Table of content for the Microalgae based Products Market includes:

Part 01: Executive Summary

Part 02: Scope of theMicroalgae based Products Market Report

Part 03:Microalgae based Products Market Landscape

Part 04:Microalgae based Products Market Sizing

Part 05:Microalgae based Products Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Analysis

TheMicroalgae based Products market report comprises an extensive analysis of theMicroalgae based Products industry across five primary world regions are Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. It delves into the market's key geographies and highlights notable segments and sub-segments within the industry.

Key Questions answered in theMicroalgae based Products Market Report are:

What isMicroalgae based Products Market?
What is the forecast period of theMicroalgae based Products Market?
What is the competitive scenario of theMicroalgae based Products market?
Which region held the largest market share in theMicroalgae based Products Market?
What are the opportunities for theMicroalgae based Products Market?
What are the restraining factors in theMicroalgae based Products market?
Who are the key players of theMicroalgae based Products market?

Key offerings:

Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: A detailed analysis byMicroalgae based Products
Landscape- Leading key players and other prominent key players.

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