Food & Beverage
Global Microalgae Market to 2032
Revenue, 2024 (USD Million)
1,691.42
Forecast, 2032 (USD Million)
2,922.40
CAGR, 2024 - 2032
6.18%
Report Coverage
Global
Global Microalgae Market 2018-2032 USD Million
Global Microalgae Market, Overview (2024-2032)
Market Growth and Projections:
- Market Size (2024): 1,691.42 USD Million
- Projected Market Size (2032): 2,922.40 USD Million
- CAGR (2024-2032): 6.18%
Key Findings of Global Microalgae Market
- The Global Microalgae Market is likely to grow at a CAGR of 6.18% during the forecast period of 2024 to 2032.
- Global Microalgae Marketsize was valued at 1,691.42 USD Million in 2024.
- In 2024, Organic segment dominated the market with the largest market share.
- Bio-Fuel in the product segment is expected to witness the fastest growth during the forecast period.
Global Microalgae Market Scope
Global Microalgae Market Segmentation & Scope
Distribution Channel
- Indirect
- Direct
Application
- Others
- Inks
- Bio-Fuel
- Animal Feed
- Pharmaceutical
- Cosmetic & Personal Care
- Food & Beverages
- Dietary Supplements
Form
- Liquid
- Powder/Dry
Category
- Inorganic
- Organic
Microalgae Strain
- Nannochloropsis
- Porphyridium cruentum
- Phaeodactylum tricornutum
- Haematococcus pluvialis
- Others
Product Type
- Others
- Dunaliella Salina
- Chlorella
- Spirulina
Grade
- Others
- Fuel Grade
- Feed Grade
- Cosmetic Grade
- Food Grade
Global Microalgae Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 1,691.42 USD Million |
| Market Value in 2032 | 2,922.40 USD Million |
| CAGR (2024-2032) | 6.18% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Distribution Channel,Application,Form,Category,Microalgae Strain,Product Type,Grade |
| Largest Segment | Organic |
| Fastest Growing Segment | Bio-Fuel |
| Major Players | Arthrex, Inc., AstaReal AB, Corbion, Earthrise Nutritionals, LLC, Others, DIC Corporation, Euglena Co.,Ltd., Cyanotech Corporation., Far East Bio-Tec Co., Ltd., Buggypower |
Market Segmentation:
-
Product Segment:
- Largest Segment (2024): Organic
- Fastest Growing Segment (2024-2032): Bio-Fuel
Regional Insights:
-
Leading Market (2024-2032): Global
- Key Country: U.S., leading in terms of revenue and market share by 2032.
Global Microalgae Market Company Share Analysis
| Name | Market Share | OwnnerShip | HQ | Website |
|---|---|---|---|---|
| Arthrex | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Inc. | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| AstaReal AB | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Corbion | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Earthrise Nutritionals | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| LLC | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Others | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| DIC Corporation | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Euglena Co. | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Ltd. | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Cyanotech Corporation. | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Far East Bio-Tec Co. | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Ltd. | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Buggypower | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
Global Microalgae Market Geographical Sales Distribution, 2018-2032 USD Million
Global Microalgae Market Company Profiling
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Molnlycke Health Care | View profile | 5001-10000 | Gothenburg, Vastra Gotaland, Sweden, Europe | www.molnlycke.com |
| Molnlycke Health Care | View profile | 5001-10000 | Gothenburg, Vastra Gotaland, Sweden, Europe | www.molnlycke.com |
| Molnlycke Health Care | View profile | 5001-10000 | Gothenburg, Vastra Gotaland, Sweden, Europe | www.molnlycke.com |
Frequently Asked Questions
The Global Microalgae Market is segmented based on Segmentation Distribution Channel,Application,Form,Category,Microalgae Strain,Product Type,Grade.
Global Microalgae Market was valued at USD 1,691.42(Revenue in USD Million) in 2021.
Global Microalgae Market is projected to grow at a CAGR of 6.18% during the forecast period of 2024 to 2032.
The estimated market value of the Global Microalgae Market for final year is USD 2,922.40 (USD Million).
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