Meticulous Research®—a leading global market research company, published a research report titled ‘Microalgae Market - Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication from Meticulous Research®, the microalgae market is expected to reach $2.26 billion by 2031, at a CAGR of 8.6% from 2024 to 2031.
The growth of this market is driven by increasing consumer preference for products promoting health and wellness, the rise in the dietary supplements sector, the growing demand for natural food colors from food manufacturing and processing companies, rising vegetarianism, the growing nutraceuticals industry, and rising demand for microalgae-based products. However, a lack of awareness of the benefits of microalgae and the complex process of manufacturing algal products restrain the market growth.
In addition, the increasing preference for phycocyanin as a natural colorant in edible products and the utilization of microalgae among biorefineries as biomass for fuel production is expected to offer growth opportunities for market players. However, the risk of contaminants affecting microalgae cultivation poses a challenge to market growth. Furthermore, the adoption of new production technologies, such as photobioreactors, is a prominent trend in the microalgae market.
Key Players:
The key players operating in the microalgae market are Fuqing King Dnarmsa Spirulina Co., Ltd. (China), Earthrise Nutritionals, LLC, (U.S.), E.I.D. - PARRY (INDIA) LIMITED (a subsidiary of M/s. Ambadi Investments Limited) (India), Cyanotech Corporation (U.S.), C.B.N. Bio-engineering Co., Ltd (China), YUNNAN GREEN A BIOLOGICAL PROJECT CO., LTD. (Yunnan Spirin Biotechnology Co. Ltd) (China), Jiangshan COMP SPIRULINA CO., LTD. (China), Zhejiang Binmei Biotechnology Co., Ltd. (China), Bluetec Naturals CO., LTD. (China), Taiwan Chlorella Manufacturing Company(TCMC) (Taiwan), Sun Chlorella corporation (Japan), Roquette Klötze GmbH & Co. KG (Germany), Gong Bih Enterprise Co., Ltd. (Taiwan), Yaeyama Shokusan Co., Ltd. (Euglena Co Ltd) (Japan), Vedan Biotechnology Corporation (Taiwan), AlgoSource (France), Tianjin Norland Biotech CO., LTD (China), Phycom BV (Netherlands), Allmicroalgae Natural Products S.A. (Portugal), Aliga Microalgae (Denmark), Taiwan Wilson Enterprise Inc. (Taiwan), Daesang Corporation (Korea), Algalimento SL (Spain), Seagrass Tech Private Limited (India), Plankton Australia Pty Limited (Australia), Hangzhou Ouqi Food Co., Ltd. (China), and Shaanxi Rebecca Bio-Tech Co., Ltd (China).
The microalgae market is segmented by type, production technique, category, distribution channel, and application. This study also evaluates industry competitors and analyzes the market at regional and country levels.
By type, in 2024, the Spirulina segment is slated to register the largest share of 50.4% of the microalgae market. This segment’s large market share is primarily attributed to increasing health & wellness trends, the expanding dietary supplements industry, increased demand for natural food colors, a rise in vegetarianism, stringent regulations on synthetic colors and flavors, growing concerns about malnutrition, and a greater preference for products derived from spirulina, such as phycocyanin and Omega-3 fatty acids. Additionally, the growing use of Spirulina in aquafeed, rising investments from edible color manufacturers and leading food processing companies, and a growing number of products containing Spirulina as an ingredient. However, limited awareness regarding the health benefits of Spirulina and challenges in Spirulina production are expected to hinder the segment's growth.
By production technique, in 2024, the ponds segment is expected to account for the largest share of the microalgae market. The large market share of this segment is attributed to the presence of numerous key players involved in microalgae cultivation using open ponds. Also known as raceway ponds, these have the potential to produce higher biomass volumes at lower costs.
By category, in 2024, the inorganic microalgae segment is anticipated to dominate the microalgae market. This segment's significant market share is primarily attributed to the low cost and high volume of microalgae yield with traditional production methods.
By distribution channel, in 2024, the business-to-business (B2B) segment is expected to hold the dominant position in the microalgae market. Several manufacturers source microalgae in bulk for the production of consumer products, which is expected to boost the market's growth.
By application, in 2024, the nutraceuticals segment is anticipated to hold the largest share of 53.6% of the microalgae market. This segment’s large market share is driven by the increasing health concerns among the geriatric population and the rising demand for natural alternatives to traditional pharmaceuticals.
Geographic Review:
This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (France, Spain, Italy, Germany, U.K., and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa.
By geography, in 2024, North America is estimated to hold the largest share of 42.9% of the microalgae market, followed by Asia-Pacific and Europe. North America's microalgae market is estimated to be worth $545.4 million in 2024. The substantial share of this regional market is due to factors such as high consumption of health supplements, growth in related industries such as cosmetics and biofertilizers, and the presence of major algae biomass manufacturers in the region with significant production capacities, particularly in the U.S.
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5197
Key Questions Answered in the Report:
Contact Us:Meticulous Research®Email- sales@meticulousresearch.comContact Sales- +1-646-781-8004Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Access the PDF sample of the report @ https://www.orbisresearch.com/contacts/request-sample/2970443
Spirulina as Food Ingredient Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Spirulina as Food Ingredient industry with a focus on the Chinese market.
The report provides key statistics on the market status of the Spirulina as Food Ingredient manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Overall, the report provides an in-depth insight of 2014-2024 global and Chinese Spirulina as Food Ingredient market covering all important parameters.
The key ponits of the report:
1.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.Through the statistical analysis, the report depicts the global and Chinese total market of Spirulina as Food Ingredient industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export.
Household Beauty Appliance Market 2020-2025 Industry research report covers the market landscape and its growth prospects over the approaching years, the report also brief deals with the merchandise life cycle, it details the potential of various applications to relevant products in already commercialized industries, discusses recent product innovations and provides a summary of potential local markets.Key Player Mentioned: Panasonic, Helen of Troy, Home Skinovations Ltd, TESCOM, Philips, Tria Beauty Inc, Carol Cole Company Inc, Loreal SA, P & G, Conair Corporation, Nu Skin Enterprises Inc, DysonRequest Sample Copy @t: https://introspectivemarketresearch.com/request-samples.php?_id=5&_sid=5355This report provides a radical overview of the competitive landscape of worldwide Household Beauty Appliance Market and an in depth business profile of notable players within the market.
The market report covers all key parameters like product innovation, market strategy for leading companies, market share, revenue generation, the newest research and development and market expert perspectives.Product Segment Analysis: Hair Styling Appliance, Hair Removal Appliance, Others,Application Segment Analysis: Supermarket, Specialty Store, Online Sales, OthersRegional Segment Analysis: North America (United States; Canada and Mexico), Europe (Germany; UK; France; Italy; Russia; Spain and Benelux), Asia Pacific (China; Japan; India; Southeast Asia and Australia), Latin America (Brazil; Argentina and Colombia), Middle East and AfricaIn addition, market reports provide country-specific analysis of regulatory scenarios, normative forecasting predictions and technology dissemination.
This research report not only gives readers real-time insight into the important market, but also provides an in depth overview to assist them make decisions.
additionally , the report on Household Beauty Appliance Market provides information on different market opportunities, porters five forces, provides products and apply.
Ask For Discount @t: https://introspectivemarketresearch.com/ask-for-discount.php?_id=5&_sid=5355In the end, the report includes global Household Beauty Appliance new project SWOT analysis, investment feasibility analysis, investment return analysis, and development analysis.
The study also provides in-depth statistics on key factors, including drivers and limiting factors, which define the future growth prospects of the market.Major Objectives of Report: 1.
