Global Microalgae Market is Growing with 6.9% CAGR in the Forecast Period of 2021 to 2028

Global Microalgae Market is growing with factors such as technological and scientific innovations and developments. Multiple industry coverage can also drive the market growth of microalgae.

High demand of plant-derived proteins has accelerated the market growth. However, side-effects related to microalgae products may hamper the market growth.

Global Microalgae Market Scenario                                        

According to Data Bridge Market Research, the market for microalgae has increasing market growth of 6.5%. Market leader is BASF SE which accounts an estimated market share of approximately 10.79% in the global market. The company has gained outstanding sale by providing the innovative microalgae to the market.

For instance,

  • In July 2015, BASF SE along with Solazyme launched the microalgae product that is used for the personal care. This product was considered as world’s first surfactant based derived from microalgae oil product and will be commercially available. The product, Dehyton AO 45 which contain betaine surfactant and renewable microalgae oil. The product is an alternative to amidopropyl betaine which is used in the shampoos, handwash liquids, soaps, and others. It was manufactured along with Solazyme AlgaPur Microalgae Oil which was prepared by using fermentation process in which sugarcane was converted to oil. This oil was formulated with high purity and low carbon, water and land use. The combination of BSF SE chemistry and Solazyme expertise has increased the demand of the innovative product. This product launch helped the company to increase their product portfolio as well as enhancing their market sale of the innovative product.

Microalgae MarketTrends Impacting the Market

Now the question is which other regions BASF SE, AstaReal Inc. and euglena Co., Ltd. are targeting? Data Bridge Market Research has forecasted a large growth in North America microalgae market and the market leaders are targeting the U.S. and Canada to be their next pocket revenue for 2021.

The global microalgae market is becoming more competitive with companies such as BASF SE, AstaReal Inc. and euglena Co., Ltd. as they are the market leaders for microalgae market. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the microalgae market.

For more analysis on the microalgae market request for a briefing with our analysts

New Market Developments

  • In January 2015, ALGENOL and Reliance Industries launched an algenol algae production platform in India. This new project has been launched in order to convert higher amount of carbon dioxide to large amount of fuel by use of microalgae. This project launched accelerated the company’s biofuel manufacturing capabilities.

Scope of the Microalgae Market

Global microalgae market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Belgium, Rest of Europe, Japan, China, Australia, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Peru, Rest of South America, Saudi Arabia, South Africa, UAE, Kuwait, Rest of Middle East and Africa

  • All country based analysis of the microalgae market is further analyzed based on maximum granularity into further segmentation. On the basis of product type, the market is segmented into dunaliella Salin, spirulina, chlorella, and others. On the basis of microalgae strain, the market is segmented into haematococcus pluvialis, phaeodactylum tricornutum, porphyridium cruentum, nannochloropsis, and others. On the basis of category, the market is segmented into organic and inorganic. On the basis of form, the market is segmented to powder/dry and liquid. On the basis of grade, the market is segmented to food grade, feed grade, fuel grade, cosmetic grade, and others. On the basis of application, the market is segmented to food & beverage, dietary supplements, pharmaceuticals, cosmetics & personal care, biofuel, inks, animal feed, and others. On the basis of distribution channel, the market is segmented to direct and indirect.

To know more about the study:

Key Pointers Covered in Global Microalgae Market Industry Trends and Forecast to 2028

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries
  • Market value and over view of microalgae market

Key Market Competitors Covered in the Report

  • Cellana Inc.
  • DSM
  • Algarithm
  • Cyanotech Corporation
  • Henry Lamotte Oils GmbH
  • Algaecytes
  • Australian Spirulina
  • Algatech LTD
  • Lyxia,
  • Corbion
  • E.I.D. - Parry (India) Limited
  • Kuehnle AgroSystems Inc.
  • euglena Co., Ltd.
  • Heliae Development, LLC
  • AlgaEnergy
  • AstaReal AB.

Above are the key players covered in the report, to know about more and exhaustive list of microalgae companies, contact us

Research Methodology: Global Microalgae Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Manufacturer, Healthcare Industry, Scientists, Research Laboratories
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others

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