Canada Microalgae Market to 2032
Overview
The Canada Microalgae Market is expected to reach a 109.12 USD Million by 2032 and is projected to grow at a CAGR of 9.26% from 2025 to 2032.
Revenue, 2024 (USD Million)
64.89
Forecast, 2032 (USD Million)
109.12
CAGR, 2024 - 2032
9.26%
Report Coverage
Canada
Canada Microalgae Market 2018-2032 USD Million
Canada Microalgae Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 64.89 USD Million
- Projected Market Size (2032): 109.12 USD Million
- CAGR (2025-2032): 9.26%
Key Findings of Canada Microalgae Market
- The Canada Microalgae Market was valued at 64.89 USD Million in 2024.
- The Canada Microalgae Market is likely to grow at a CAGR of 9.26% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Organic in Category Segment accounted for the largest share of the market with a revenue of 51.52 USD Million
- The fastest growing segment Spirulina in Product Type Segment grew Fastest with a CAGR of 10.22% during the forecast period from 2024 to 2032.
Canada Microalgae Market Scope
Canada Microalgae Market Segmentation & Scope
Distribution Channel
- Indirect
- Direct
Application
- Others
- Inks
- Bio-Fuel
- Animal Feed
- Pharmaceutical
- Cosmetic & Personal Care
- Food & Beverages
- Dietary Supplements
Grade
- Others
- Fuel Grade
- Feed Grade
- Cosmetic Grade
- Food Grade
Form
- Liquid
- Powder/Dry
Category
- Inorganic
- Organic
Microalgae Strain
- Nannochloropsis
- Porphyridium cruentum
- Phaeodactylum tricornutum
- Haematococcus pluvialis
- Others
Product Type
- Others
- Dunaliella Salina
- Chlorella
- Spirulina
Canada Microalgae Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 64.89 USD Million |
| Market Value in 2032 | 109.12 USD Million |
| CAGR (2025-2032) | 9.26% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Distribution Channel,Application,Grade,Form,Category,Microalgae Strain,Product Type |
Regional Insights:
-
Leading Market (2024-2032): Canada, leading in terms of revenue 64.89 USD Million in 2024
- Key Country: Canada, leading in terms of revenue with value of 64.89 USD Million in 2024.
Segments and Scope
-
Canada Microalgae Market to 2032, By Distribution Channel
- Direct is the largest segment in Canada Microalgae Market to 2032 with a revenue of 45.14 USD Million in the year 2024.
- Direct is the Fastest growing segment in Canada Microalgae Market to 2032 with a Growth rate of 9.51 % in forecast period 2025-2032.
-
Canada Microalgae Market to 2032, By Application
- Dietary Supplements is the largest segment in Canada Microalgae Market to 2032 with a revenue of 25.27 USD Million in the year 2024.
- Bio-Fuel is the Fastest growing segment in Canada Microalgae Market to 2032 with a Growth rate of 9.12 % in forecast period 2025-2032.
-
Canada Microalgae Market to 2032, By Grade
- Food Grade is the largest segment in Canada Microalgae Market to 2032 with a revenue of 39.19 USD Million in the year 2024.
- Fuel Grade is the Fastest growing segment in Canada Microalgae Market to 2032 with a Growth rate of 9.18 % in forecast period 2025-2032.
-
Canada Microalgae Market to 2032, By Form
- Powder/Dry is the largest segment in Canada Microalgae Market to 2032 with a revenue of 48.33 USD Million in the year 2024.
- Powder/Dry is the Fastest growing segment in Canada Microalgae Market to 2032 with a Growth rate of 9.44 % in forecast period 2025-2032.
-
Canada Microalgae Market to 2032, By Category
- Organic is the largest segment in Canada Microalgae Market to 2032 with a revenue of 51.52 USD Million in the year 2024.
- Organic is the Fastest growing segment in Canada Microalgae Market to 2032 with a Growth rate of 9.40 % in forecast period 2025-2032.
-
Canada Microalgae Market to 2032, By Microalgae Strain
- Others is the largest segment in Canada Microalgae Market to 2032 with a revenue of 31.74 USD Million in the year 2024.
- Others is the Fastest growing segment in Canada Microalgae Market to 2032 with a Growth rate of 9.80 % in forecast period 2025-2032.
-
Canada Microalgae Market to 2032, By Product Type
- Spirulina is the largest segment in Canada Microalgae Market to 2032 with a revenue of 31.41 USD Million in the year 2024.
- Spirulina is the Fastest growing segment in Canada Microalgae Market to 2032 with a Growth rate of 10.22 % in forecast period 2025-2032.
Canada Microalgae Market Company Share Analysis
| Company Name |
|
||
| Arthrex, Inc. | |||
| AstaReal AB | |||
| Corbion | |||
| Earthrise Nutritionals, LLC | |||
| DIC Corporation | |||
Canada Microalgae Market Geographical Sales Distribution, 2018-2032 USD Million
Canada Microalgae Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Canada Microalgae Market is segmented based on Segmentation Distribution Channel,Application,Grade,Form,Category,Microalgae Strain,Product Type.
Canada Microalgae Market was valued at USD 64.89(Revenue in USD Million) in 2021.
Canada Microalgae Market is projected to grow at a CAGR of 9.26% during the forecast period of 2024 to 2032.
The Organic segment is expected to dominate the Canada Microalgae Market, holding a largest market share of 51.52 USD Million in 2024
Canada Microalgae Market Scope
Canada Microalgae Market Segmentation & Scope
Distribution Channel
- Indirect
- Direct
Application
- Others
- Inks
- Bio-Fuel
- Animal Feed
- Pharmaceutical
- Cosmetic & Personal Care
- Food & Beverages
- Dietary Supplements
Grade
- Others
- Fuel Grade
- Feed Grade
- Cosmetic Grade
- Food Grade
Form
- Liquid
- Powder/Dry
Category
- Inorganic
- Organic
Microalgae Strain
- Nannochloropsis
- Porphyridium cruentum
- Phaeodactylum tricornutum
- Haematococcus pluvialis
- Others
Product Type
- Others
- Dunaliella Salina
- Chlorella
- Spirulina
Frequently Asked Questions
The Canada Microalgae Market is segmented based on Segmentation Distribution Channel,Application,Grade,Form,Category,Microalgae Strain,Product Type.
Canada Microalgae Market was valued at USD 64.89(Revenue in USD Million) in 2021.
Canada Microalgae Market is projected to grow at a CAGR of 9.26% during the forecast period of 2024 to 2032.
The estimated market value of the Canada Microalgae Market for final year is USD 109.12 (USD Million).
Canada Microalgae Market Company Profiling
Frequently Asked Questions
The Canada Microalgae Market is segmented based on Segmentation Distribution Channel,Application,Grade,Form,Category,Microalgae Strain,Product Type.
Canada Microalgae Market was valued at USD 64.89(Revenue in USD Million) in 2021.
Canada Microalgae Market is projected to grow at a CAGR of 9.26% during the forecast period of 2024 to 2032.
The estimated market value of the Canada Microalgae Market for final year is USD 109.12 (USD Million).
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