U.S. Microalgae Market- Industry Trends and Forecast to 2030
The U.S. microalgae market is expected to reach USD 593.16 million by 2030 from USD 355.61 Million in 2022, growing at a CAGR of 6.7% in the forecast period of 2023 to 2030.
Market SegmentationU.S. Microalgae Market, By Type (Chlamydomonas, Reinhardtii, Dunaliella Salina, Haematococcus Pluvialis, Isochrysis, Nannochloropsis, Phaeodactylum Tricornutum, Porphyridium Cruentum, Chlorella, Spirulina, and Others), Category (Organic and Inorganic), Form (Powder/Dry and Liquid), Grade (Food Grade, Feed Grade, Fuel Grade, Cosmetic Grade, and Others), Application (Food and Beverage, Dietary Supplements, Pharmaceuticals, Cosmetics and Personal Care, Bio-fuel, Inks, Animal Feed, and Others), Distribution Channel (Indirect and Direct) Country (U.S.) - Industry Trends and Forecast to 2030
Overview of U.S. Microalgae Market Dynamics
Driver
• Increasing awareness among consumers about the health benefits of microalgae products
• Technological and scientific innovations and developments
Restraint
• Side-effects related to microalgae products
• High production cost
Opportunity
• Rising investments in microalgae production
• Strategic initiatives by market players
Market PlayersSome of the major market players operating in the U.S. microalgae market are:• Cellana Inc
• Parry Nutraceuticals
• Algatech LTD
• Earthrise Nutritionals, LLC
• Inner Mongolia Zaihuishou Bioengineering Co., Ltd.
• AlgaEnergy
• AstaReal Co., Ltd.
• Heliae Development, LLC
• Far East Bio-Tec Co., Ltd.
• DSM
• DIC CORPORATION
• Corbion
• Cyanotech Corporation
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
Please note: This publisher does offer titles that are created upon receipt of order. The report will take approximately 15-20 business days to prepare and deliver.