Microalgae-Based Products Market Size Worth US$ 2,811.10 million By 2028 | CAGR 7.9%: The Insight Partners

The Insight Partners has been monitoring the Microalgae-Based Products market and it is poised to grow by US$ 2,811.10 million during 2021-2028, progressing at a CAGR of over 7.9% during the forecast period. This study provides an up-to-date assessment of the current market situation, as well as the most recent trends and drivers, as well as the general market environment.

Microalgae are defined as prokaryotic or eukaryotic microorganisms that can be traced with the help of a microscope. These microscopic organisms are unicellular species that are founded separately or in chains or groups and can be sourced out from freshwater and marine systems. These microorganisms possess a simple cell structure and require light, carbon dioxide, water, and essential nutrients such as phosphorus and nitrogen, for their growth. Further, microalgae are a source of vital phytochemicals such as carotenoids, fiber, minerals, antioxidants, fatty acids, vitamins, halogenated compounds, polysaccharides, proteins, and lectin. Microalgae are considered to be a valuable biomass source portraying diverse potential applications in numerous industries.

Impact of COVID-19 Pandemic on Microalgae-Based Products Market

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Key vendors engaged in the Microalgae-Based Products market and covered in this report:
Algae Health Sciences - A BGG company, Bluebiotech International Gmbh, Cargill Inc, Cellana Inc, Earthrise Nutritionals, Llc, E.I.D. - Parry (India) Limited, Cyanotech Corporation, Euglena Co., Ltd, Far East Bio-Tec Co., Ltd, AstaReal
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Microalgae-based products have received the generally recognized as safe (GRAS) status, which makes them suitable for pharmaceutical and nutraceutical applications. Microalgae are known for their antibacterial, antioxidant, antiviral, antimalarial, antifungal, antitumor, and anti-inflammatory activities. They are a source of vital phytochemicals such as carotenoids, fibers, minerals, antioxidants, fatty acids, vitamins, halogenated compounds, polysaccharides, and lectins and other proteins. For instance, polyunsaturated fatty acids (PUFA) present in microalgae are potential therapeutic agents that also minimize the risk of chronic disorders such as cardiovascular disorders, diabetic diseases, Alzheimer’s disease, and retinal problems. Similarly, cyanobacteria (blue-green algae) are increasingly being used in the synthesis of antibiotics and pharmacologically active compounds.

Microalgae-Based Products Market 2020-2027 Global Industry research report explores analysis of historical data along with size, share, growth, demand and revenue of the global Microalgae-Based Products and estimates the future trend of market on the basis of this detailed study. The study shares market performance both in terms of volume and revenue and this factor which is useful & helpful to the business.

Microalgae-Based Products Market research report will give you deep insights about the Microalgae-Based Products Market and it will also help you in strategic decision making. The final research document is an exhaustive document comprising of 150 pages. All our reports are usually purchased across industries by Executives, Managers, Senior Managers, Strategy people, Directors, Vice Presidents, CXOs, etc. and help them in understanding about the market trends and analysis, competition, industry landscape, market size, market revenue, forecast, COVID-19 impact analysis, SWOT analysis, etc.

Segments covered:
Global Analysis By Type (Spirulina, Chlorella, Astaxanthin, Beta Carotene, and Others)
Global Analysis By Application (Food & Beverages, Animal Feed, Pharmaceuticals and Nutraceuticals, Personal Care, and Others)

Regional and Country-wise Analysis: Global Microalgae-Based Products Market
– North America (U.S., Canada, Mexico)
– Europe (Germany, France, Italy, UK, Russia, Rest of Europe)
– Asia Pacific (Australia, China, India, Japan, South Korea, Rest of Asia Pacific)
– Middle East and Africa (MEA) (South Africa, Saudi Arabia, UAE, Rest of MEA)
– South America (Brazil, Argentina, Rest of South America (SAM))

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Report Spotlights
• Progressive industry trends in the microalgae-based products market to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the microalgae-based products market from 2019 to 2028
• Estimation of global demand for microalgae-based products
• PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
• Recent developments to understand the competitive market scenario
• Market trends and outlook as well as factors driving and restraining the growth of the microalgae-based products market
• Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
• Size of the microalgae-based products market size at various nodes
• Detailed overview and segmentation of the market, as well as the microalgae-based products industry dynamics
• Size of the microalgae-based products market in various regions with promising growth opportunities

Key points from Table of Content:

1. Introduction
2. Key Takeaways
3. Research Methodology
4. Microalgae-Based Products Market Landscape
5. Global Microalgae-Based Products Market - Key Industry Dynamics
6. Microalgae-Based Products - Global Market Analysis
7. Microalgae-based Products Market Analysis – By Type
8. Microalgae-based Products Market Analysis – By Application
9. Microalgae-Based Products Market - Geographic Analysis
10. Impact of Covid-19 Pandemic on Global Microalgae-based Products Market
11. Industry Landscape
12. Company Profiles
13. Appendix

LIST OF TABLES

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