South Korea Microalgae Market to 2032
Overview
The South Korea Microalgae Market is expected to reach a 58.69 USD Million by 2032 and is projected to grow at a CAGR of 11.07% from 2025 to 2032.
Revenue, 2024 (USD Million)
31.82
Forecast, 2032 (USD Million)
58.69
CAGR, 2024 - 2032
11.07%
Report Coverage
South Korea
South Korea Microalgae Market 2018-2032 USD Million
South Korea Microalgae Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 31.82 USD Million
- Projected Market Size (2032): 58.69 USD Million
- CAGR (2025-2032): 11.07%
Key Findings of South Korea Microalgae Market
- The South Korea Microalgae Market was valued at 31.82 USD Million in 2024.
- The South Korea Microalgae Market is likely to grow at a CAGR of 11.07% 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 25.50 USD Million
- The fastest growing segment Bio-Fuel in Application Segment grew Fastest with a CAGR of 11.94% during the forecast period from 2024 to 2032.
South Korea Microalgae Market Scope
South Korea Microalgae Market Segmentation & Scope
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
Distribution Channel
- Indirect
- Direct
Form
- Liquid
- Powder/Dry
Category
- Inorganic
- Organic
Microalgae Strain
- Nannochloropsis
- Porphyridium cruentum
- Phaeodactylum tricornutum
- Haematococcus pluvialis
- Others
Product Type
- Others
- Dunaliella Salina
- Chlorella
- Spirulina
South Korea Microalgae Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 31.82 USD Million |
| Market Value in 2032 | 58.69 USD Million |
| CAGR (2025-2032) | 11.07% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,Grade,Distribution Channel,Form,Category,Microalgae Strain,Product Type |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 31.82 USD Million in 2024
- Key Country: South Korea, leading in terms of revenue with value of 31.82 USD Million in 2024.
Segments and Scope
-
South Korea Microalgae Market to 2032, By Application
- Dietary Supplements is the largest segment in South Korea Microalgae Market to 2032 with a revenue of 11.83 USD Million in the year 2024.
- Bio-Fuel is the Fastest growing segment in South Korea Microalgae Market to 2032 with a Growth rate of 10.74 % in forecast period 2025-2032.
-
South Korea Microalgae Market to 2032, By Grade
- Food Grade is the largest segment in South Korea Microalgae Market to 2032 with a revenue of 18.69 USD Million in the year 2024.
- Fuel Grade is the Fastest growing segment in South Korea Microalgae Market to 2032 with a Growth rate of 10.94 % in forecast period 2025-2032.
-
South Korea Microalgae Market to 2032, By Distribution Channel
- Direct is the largest segment in South Korea Microalgae Market to 2032 with a revenue of 23.38 USD Million in the year 2024.
- Direct is the Fastest growing segment in South Korea Microalgae Market to 2032 with a Growth rate of 11.21 % in forecast period 2025-2032.
-
South Korea Microalgae Market to 2032, By Form
- Powder/Dry is the largest segment in South Korea Microalgae Market to 2032 with a revenue of 23.38 USD Million in the year 2024.
- Powder/Dry is the Fastest growing segment in South Korea Microalgae Market to 2032 with a Growth rate of 11.27 % in forecast period 2025-2032.
-
South Korea Microalgae Market to 2032, By Category
- Organic is the largest segment in South Korea Microalgae Market to 2032 with a revenue of 25.50 USD Million in the year 2024.
- Organic is the Fastest growing segment in South Korea Microalgae Market to 2032 with a Growth rate of 11.25 % in forecast period 2025-2032.
-
South Korea Microalgae Market to 2032, By Microalgae Strain
- Others is the largest segment in South Korea Microalgae Market to 2032 with a revenue of 15.57 USD Million in the year 2024.
- Others is the Fastest growing segment in South Korea Microalgae Market to 2032 with a Growth rate of 11.63 % in forecast period 2025-2032.
-
South Korea Microalgae Market to 2032, By Product Type
- Spirulina is the largest segment in South Korea Microalgae Market to 2032 with a revenue of 16.76 USD Million in the year 2024.
- Spirulina is the Fastest growing segment in South Korea Microalgae Market to 2032 with a Growth rate of 11.90 % in forecast period 2025-2032.
South Korea Microalgae Market Company Share Analysis
| Company Name |
|
||
| Arthrex, Inc. | |||
| AstaReal AB | |||
| Corbion | |||
| Earthrise Nutritionals, LLC | |||
| DIC Corporation | |||
South Korea Microalgae Market Geographical Sales Distribution, 2018-2032 USD Million
South Korea Microalgae Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Microalgae Market is segmented based on Segmentation Application,Grade,Distribution Channel,Form,Category,Microalgae Strain,Product Type.
South Korea Microalgae Market was valued at USD 31.82(Revenue in USD Million) in 2021.
South Korea Microalgae Market is projected to grow at a CAGR of 11.07% during the forecast period of 2024 to 2032.
The Organic segment is expected to dominate the South Korea Microalgae Market, holding a largest market share of 25.50 USD Million in 2024
South Korea Microalgae Market Scope
South Korea Microalgae Market Segmentation & Scope
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
Distribution Channel
- Indirect
- Direct
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 South Korea Microalgae Market is segmented based on Segmentation Application,Grade,Distribution Channel,Form,Category,Microalgae Strain,Product Type.
South Korea Microalgae Market was valued at USD 31.82(Revenue in USD Million) in 2021.
South Korea Microalgae Market is projected to grow at a CAGR of 11.07% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Microalgae Market for final year is USD 58.69 (USD Million).
South Korea Microalgae Market Company Profiling
Frequently Asked Questions
The South Korea Microalgae Market is segmented based on Segmentation Application,Grade,Distribution Channel,Form,Category,Microalgae Strain,Product Type.
South Korea Microalgae Market was valued at USD 31.82(Revenue in USD Million) in 2021.
South Korea Microalgae Market is projected to grow at a CAGR of 11.07% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Microalgae Market for final year is USD 58.69 (USD Million).
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