Global Microalgae Market Growth 2023-2029

Global Microalgae Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Microalgae Industry Forecast” looks at past sales and reviews total world Microalgae sales in 2022, providing a comprehensive analysis by region and market sector of projected Microalgae sales for 2023 through 2029. With Microalgae sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Microalgae industry.

This Insight Report provides a comprehensive analysis of the global Microalgae landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Microalgae portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Microalgae market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Microalgae and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Microalgae.

The global Microalgae market size is projected to grow from US$ 276.9 million in 2022 to US$ 416.2 million in 2029; it is expected to grow at a CAGR of 416.2 from 2023 to 2029.

Global microalgae key players are DIC Corporation, Cyanotech Corporation, Algaetech Group etc. Top 5 companies occupied about 45% market share.China is the largest market with about 35% market share. North America is follower, accounting for about 20% market share.In terms of product, spirulina is the largest segment, with a share about 60%. And in terms of application, the largest application is health, followed by feed.

This report presents a comprehensive overview, market shares, and growth opportunities of Microalgae market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Spirulina
Dunaliella Salina
Chlorella
Aphanocapsa
Other

Segmentation by application
Health
Food
Feed
Energy
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
DIC Corporation
Cyanotech Corporation
Algaetech Group
TAAU Australia
Fuqing King Dnarmsa Spirulina
Shengbada Biology
Green A Biological
Dongtai City Spirulina Bio-Engineering
Alltech
Parry Nutraceuticals
BlueBioTech
Roquette
Allma (Allmicroalgae)
Global EcoPower (Cyane)
Archimede Ricerche
AlgaEnergy
Phycom
Necton
Chenghai Bao ER
Dongying Haifu Biological

Key Questions Addressed in this Report

What is the 10-year outlook for the global Microalgae market?

What factors are driving Microalgae market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Microalgae market opportunities vary by end market size?

How does Microalgae break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.