Microalgae Market Report: Trends, Forecast and Competitive Analysis to 2030

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Microalgae Trends and Forecast

The future of the global microalgae market looks promising with opportunities in the dietary supplements, food/feed, pharmaceutical, and cosmetic markets. The global microalgae market is expected to grow with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are increasing usage of algal protein in dietary supplements and food industry and significantly growing cosmetic industry.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Microalgae by Segment

The study includes a forecast for the global microalgae by type, application, and region.

Microalgae Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Spirulina
• Chlorella
• Dunaliella Salina
• Aphanizomenon Flos-Aquae

Microalgae Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Dietary Supplements
• Food/Feed
• Pharmaceutical
• Cosmetic
• Others

Microalgae Market by Region [Shipment Analysis by Value from 2018 to 2030]:

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

List of Microalgae Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies microalgae companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the microalgae companies profiled in this report include-
• Algenol Biotech
• Cellana
• Cyanotech
• DIC
• E.I.D Parry
• Fuqing King Dnarmsa Spirulina
• Kent Bioenergy

Microalgae Market Insights

Lucintel forecasts that spirulina will remain the largest segment over the forecast period as it ensures better efficiency for the production of dietary supplements.
Within this market, dietary supplement will remain the largest segment due to increasing demand of microalgae for the production of pills, powders and capsules.
North America will remain the largest over the forecast period due to increasing demand from the cosmetic, dietary supplements and food/feed industries in the region.

Features of the Global Microalgae Market

Market Size Estimates: Microalgae market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Microalgae market size by type, application, and region in terms of value ($B).
Regional Analysis: Microalgae market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the microalgae market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the microalgae market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the growth forecast for microalgae market?
Answer: The global microalgae market is expected to grow with a CAGR of 5.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the microalgae market?
Answer: The major drivers for this market are increasing usage of algal protein in dietary supplements and food industry and significantly growing cosmetic industry.
Q3. What are the major segments for microalgae market?
Answer: The future of the microalgae market looks promising with opportunities in the dietary supplements, food/feed, pharmaceutical, and cosmetic markets.
Q4. Who are the key microalgae market companies?
Answer: Some of the key microalgae companies are as follows:
• Algenol Biotech
• Cellana
• Cyanotech
• DIC
• E.I.D Parry
• Fuqing King Dnarmsa Spirulina
• Kent Bioenergy
Q5. Which microalgae market segment will be the largest in future?
Answer: Lucintel forecasts that spirulina will remain the largest segment over the forecast period as it ensures better efficiency for the production of dietary supplements.
Q6. In microalgae market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest over the forecast period due to increasing demand from the cosmetic, dietary supplements and food/feed industries in the region.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the microalgae market by type (spirulina, chlorella, dunaliella salina, and aphanizomenon flos-aquae), application (dietary supplements, food/feed, pharmaceutical, cosmetic, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to Microalgae Market, Microalgae Market Size, Microalgae Market Growth, Microalgae Market Analysis, Microalgae Market Report, Microalgae Market Share, Microalgae Market Trends, Microalgae Market Forecast, Microalgae Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.

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Table of Contents

1. Executive Summary

2. Global Microalgae Market : Market Dynamics

2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030

3.1: Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2: Global Microalgae Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Microalgae Market by Type

3.3.1: Spirulina
3.3.2: Chlorella
3.3.3: Dunaliella Salina
3.3.4: Aphanizomenon Flos-Aquae

3.4: Global Microalgae Market by Application

3.4.1: Dietary Supplements
3.4.2: Food/Feed
3.4.3: Pharmaceutical
3.4.4: Cosmetic
3.4.5: Others

4. Market Trends and Forecast Analysis by Region from 2018 to 2030

4.1: Global Microalgae Market by Region
4.2: North American Microalgae Market

4.2.1: North American Microalgae Market by Application : Dietary Supplements, Food/Feed, Pharmaceutical, Cosmetic, and Others

4.3: European Microalgae Market

4.3.1: European Microalgae Market by Type: Spirulina, Chlorella, Dunaliella Salina, and Aphanizomenon Flos-Aquae
4.3.2: European Microalgae Market by Application : Dietary Supplements, Food/Feed, Pharmaceutical, Cosmetic, and Others

4.4: APAC Microalgae Market

4.4.1: APAC Microalgae Market by Type: Spirulina, Chlorella, Dunaliella Salina, and Aphanizomenon Flos-Aquae
4.4.2: APAC Microalgae Market by Application : Dietary Supplements, Food/Feed, Pharmaceutical, Cosmetic, and Others

4.5: ROW Microalgae Market

4.5.1: ROW Microalgae Market by Type: Spirulina, Chlorella, Dunaliella Salina, and Aphanizomenon Flos-Aquae
4.5.2: ROW Microalgae Market by Application : Dietary Supplements, Food/Feed, Pharmaceutical, Cosmetic, and Others

5. Competitor Analysis

5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

6.1: Growth Opportunity Analysis

6.1.1: Growth Opportunities for the Global Microalgae Market by Type
6.1.2: Growth Opportunities for the Global Microalgae Market by Application
6.1.3: Growth Opportunities for the Global Microalgae Market by Region

6.2: Emerging Trends in the Global Microalgae Market
6.3: Strategic Analysis

6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Microalgae Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Microalgae Market
6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

7.1: Algenol Biotech
7.2: Cellana
7.3: Cyanotech
7.4: DIC
7.5: E.I.D Parry
7.6: Fuqing King Dnarmsa Spirulina
7.7: Kent BioEnergy

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:

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