Microalgae Marketย In-Depth Analysis and Marketing Strategies by 2028

As per the report published by Allied Market Research, the global Microalgae Market was accounted for $977.3 million in 2020, and is estimated to reach $1.48 billion by 2028, growing at a CAGR of 5.4% from 2021 to 2028. Rise in vegan population to strengthen product adoption, high protein concentration as compared to counterparts, multiple benefits of microalgal protein drive the growth of the global microalgae market. However, impact on spirulina production due to climate change, presence of large number of alternatives for protein and low product awareness hinder the market growth. On the contrary, technological innovations and algae protein-fortified food are expected to open new opportunities for the market players in the future.

๐—ฅ๐—ฒ๐—พ๐˜‚๐—ฒ๐˜€๐˜ ๐—ง๐—ต๐—ฒ ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—ฃ๐——๐—™ ๐—ข๐—ณ ๐—ง๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜: https://www.alliedmarketresearch.com/request-sample/13788

Based on type, the spirulina segment held the largest share in 2020, accounting for more than two-fifths of the market. In addition, the segment is projected to manifest the highest CAGR of 5.9% during the forecast period. The report includes an analysis of other segments such as chlorella, dunaliella salina, and aphanizomenon flos-aquae.

๐— ๐—ฎ๐—ท๐—ผ๐—ฟ ๐—ž๐—ฒ๐˜† ๐—–๐—ผ๐—บ๐—ฝ๐—ฎ๐—ป๐—ถ๐—ฒ๐˜€ ๐—œ๐—ป๐—ฐ๐—น๐˜‚๐—ฑ๐—ฒ๐—ฑ:

Algenol Biotech

Cellana Inc.

Cyanotech Corporation

DIC Corporation

E.I.D Parry ltd

Fuqing King Dnarmsa Spirulina Co. Ltd.

Kent BioEnergy Corporation

Taau Australia Pty Ltd.

Holdings, Inc., and Astareal AB

๐—•๐˜‚๐˜† ๐—ง๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ (๐Ÿฎ๐Ÿฌ๐Ÿฏ ๐—ฃ๐—ฎ๐—ด๐—ฒ๐˜€ ๐—ฃ๐——๐—™ ๐˜„๐—ถ๐˜๐—ต ๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜๐˜€, ๐—–๐—ต๐—ฎ๐—ฟ๐˜๐˜€, ๐—ง๐—ฎ๐—ฏ๐—น๐—ฒ๐˜€, ๐—ฎ๐—ป๐—ฑ ๐—™๐—ถ๐—ด๐˜‚๐—ฟ๐—ฒ๐˜€): https://www.alliedmarketresearch.com/checkout-final/6bd85be8172757cbb3f4e66476af574e

The microalgae market is subject to stable growth in the coming years. Growth of the market is attributed to growing application of algal protein in dietary supplements and food industry. Moreover, algal protein is not considered an animal protein source, hence is perfect for consumption among vegan population. Furthermore, microalgae have multiple applications in cosmetics and feed industries. Both feed and cosmetics industry have experienced a surge in growth in the recent decade, which has increased demand for such products on a global level and resulted in increase in demand for microalgae.ย 

Photobioreactor in lab algae fuel biofuel industry. Algae fuel o

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

Region wise, North America was the largest market in 2020, in terms of revenue generation, garnering almost one-third of the global Microalgae market share. U.S. is expected to expand at a notable growth rate exhibiting highest share throughout the forecast period. However, Asia-Pacific and LAMEA in the Microalgae market are expected to witness notable growth during the forecast period. The growth in these regions can be attributed to improving business environment.

๐—ง๐—ฎ๐—ฏ๐—น๐—ฒ ๐—ข๐—ณ ๐—–๐—ผ๐—ป๐˜๐—ฒ๐—ป๐˜:

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research

1.5.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Microalgae market snapshot
2.2.Key findings of the study
2.3.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets

3.3.Porter’s five forces analysis
3.4.Market dynamics

3.4.1.Drivers

3.4.1.1.Multiple benefits of micro-algal protein to amplify market growth
3.4.1.2.Increase in vegan population to strengthen product adoption
3.4.1.3.High protein concentration as compared to counter parts

3.4.2.Restraints

3.4.2.1.Impact on spirulina production due to climate change
3.4.2.2.Presence of large number of alternatives for protein, along with low product awareness

3.4.3.Opportunities

3.4.3.1.Novel innovations in technology to provide lucrative opportunities for market expansion
3.4.3.2.Algae protein fortified food to gain significant traction in upcoming years

3.5.COVID-19 impact analysis

3.5.1.Introduction
3.5.2.Impact on Microalgae market

3.6.Value Chain Analysis
3.7.Top Impacting factors

๐“๐จ๐œ ๐‚๐จ๐ง๐ญ๐ข๐ง๐ฎ๐ž…..

๐—˜๐—ป๐—พ๐˜‚๐—ถ๐—ฟ๐—ฒ ๐—•๐—ฒ๐—ณ๐—ผ๐—ฟ๐—ฒ ๐—ฃ๐˜‚๐—ฟ๐—ฐ๐—ต๐—ฎ๐˜€๐—ถ๐—ป๐—ด ๐—ง๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜: https://www.alliedmarketresearch.com/purchase-enquiry/13788

Based on microalgae market forecast by application, the food/feed segment was the largest segment in 2020, and is expected to remain dominant throughout the forecast period. The growth of this segment is attributed to the fact that Microalgae has become a key ingredient in dairy, medical, pet supplement, and health supplement industries. Rise in adoption of microalgae in the food/feed industry is also to rich nutritional value that microalgae offers. Increase in the pet owners, coupled with rise in the consumption of food with diverse macro and macronutrient profile drives the microalgae market growth.

๐—–๐—ต๐—ฒ๐—ฐ๐—ธ ๐—ผ๐˜‚๐˜ ๐—บ๐—ผ๐—ฟ๐—ฒ ๐—ฟ๐—ฒ๐—น๐—ฎ๐˜๐—ฒ๐—ฑ ๐˜€๐˜๐˜‚๐—ฑ๐—ถ๐—ฒ๐˜€ ๐—ฝ๐˜‚๐—ฏ๐—น๐—ถ๐˜€๐—ต๐—ฒ๐—ฑ ๐—ฏ๐˜† ๐—”๐— ๐—ฅ ๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต:

Grain analysis Market – https://www.alliedmarketresearch.com/grain-analysis-market-A13553

Seaweed Protein Market  – https://www.alliedmarketresearch.com/seaweed-protein-market-A16894

Recirculating Aquaculture Market – https://www.alliedmarketresearch.com/recirculating-aquaculture-market-A11005

Animal Feed Enzymes Market – https://www.alliedmarketresearch.com/animal-feed-enzymes-market-A11054

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of โ€œMarket Research Reportsโ€ and โ€œBusiness Intelligence Solutions.โ€ AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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