Press release
Microalgae-based Products Market Trends, Share, Size, Growth, Opportunity and Forecast to 2031
The microalgae-based products market is anticipated to witness significant growth at a CAGR of 5.7% and top a valuation of US$ 5 Bn by 2031, as per latest insights by Persistence Market Research. Global population is expected to reach 9.8 Bn by 2050, and thus, the amount of food produced must double to meet the needs of this population. Fulfilling the protein needs of a huge population is a key aspect.To remain 'ahead' of your competitors, request for a Sample@https://www.persistencemarketresearch.com/samples/22360
Proteins derived from microalgae have complete essential amino acid (EAA) profiles, and their protein content is higher than conventional sources such as meat, poultry, and dairy products. Its high protein content leads to huge potential to meet the dietary requirements of a rapidly-growing population.
Besides being a rich source of protein, presence of various bio-active components in microalgae-based products gives added health benefits in food. Microalgae-based products are added to candies, gums, snacks, pastes, noodles, breakfast cereals, wines, and beverages for enhancing their functional value.
Key Takeaways from Market Study
The microalgae-based products market in South Asia and East Asia is anticipated to expand at CAGRs of 7.8% and 6.8%, respectively, over the forecast period of 2021-2031.
However, North America and Europe dominate the market with market shares of 28.8% and 27.9%, respectively.
Sales for microalgae-based products through Lutein, a type of seaweed, are expected to reach US$ 954 Mn by 2031.
The dietary supplements & pharmaceuticals segment accounts for the largest market share; however, the animal feed & aquaculture segment is anticipated to incur a significant value CAGR of 4.8% with rising demand for more nutritious feed products.
China and Australia hold significant market shares for microalgae-based products in East Asia and Oceania, respectively.
The COVID-19 pandemic has had a significant influence on the market for microalgae-based products. However, growing demand for healthy and nutritious food products and dietary supplements is anticipated to lead to market recovery in the near term.
For critical insights on this market, request for customization here@https://www.persistencemarketresearch.com/request-customization/22360
Competitive Landscape
Microalgae-based product manufacturers are focusing on innovation, research, and development to produce high-quality confectionery items. Key players are anticipated to expand their product ranges through multiple innovations.
In 2018, Parry Nutraceuticals expanded its microalgae plant business through a joint venture with Synthite Industries. With an investment of US$ 6.5 Mn, the joint venture was formed to establish a new plant for the extraction of organic spirulina for functional food, dietary supplements, and medical foods.
In 2018, Swiss-based multinational flavour and fragrance manufacturer Givaudan acquired 40% share of Naturex S.A. This transaction was part of the company's plan to strengthen its capabilities in natural flavour solutions.
In September 2019, NOW Health Group, Inc. acquired the SuperNutrition brand to increase its product offerings and expand globally.
For in-depth competitive analysis, buy now@https://www.persistencemarketresearch.com/checkout/22360
Read More Trending "PMR Exclusive Article"
Global Market Study on Edible Insects for Animal Feed: https://www.persistencemarketresearch.com/market-research/edible-insects-for-animal-feed-market.asp
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About us:
Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Microalgae-based Products Market Trends, Share, Size, Growth, Opportunity and Forecast to 2031 here
News-ID: 2670302 • Views: …
More Releases from Persistence Market Research
Air Conditioning Compressor Market to Reach US$ 41.1 Bn by 2032, Persistence Mar …
The air conditioning compressor market is a core pillar of the global heating, ventilation, and air conditioning (HVAC) industry, serving as the mechanical heart of cooling systems across residential, commercial, and industrial applications. Compressors are responsible for circulating refrigerant through the cooling cycle, enabling heat exchange and temperature control in buildings, vehicles, and critical infrastructure. As global temperatures rise, urban populations expand, and living standards improve, the demand for reliable…
Screw Conveyor Market to Reach US$ 1,543.8 Mn by 2032, Persistence Market Resear …
The screw conveyor market has become a critical segment of the global material handling industry, driven by the accelerating pace of industrial automation and the growing need for efficient, reliable bulk material transport systems. Screw conveyors, also known as auger conveyors, are widely used across industries such as food processing, mining, construction, agriculture, chemicals, and wastewater treatment to move granular, semi-solid, and powder-based materials in a controlled and cost-effective manner.…
CRISPR Gene-Editing Market to Expand at 11.8% CAGR Through 2032, Reports Persist …
The CRISPR gene-editing market is experiencing unprecedented growth as advancements in genome editing continue to revolutionize medicine, agriculture, and biotechnology. CRISPR, short for clustered regularly interspaced short palindromic repeats, is a highly efficient technology that allows scientists to add, remove, or modify specific genes within an organism's DNA. Among the gene-editing tools available, CRISPR-Cas9 has emerged as the most widely adopted due to its accuracy, cost-effectiveness, and speed compared to…
Robotic X-ray Systems Market Set to Expand at 5.7% CAGR Through 2033, Says Persi …
The global robotic X-ray systems market is poised for significant growth in the coming years, driven by the increasing demand for high-precision imaging, automated workflow solutions, and advanced diagnostic tools. In 2026, the market is estimated at US$ 480.8 million, with projections indicating growth to US$ 767.9 million by 2033, reflecting a compound annual growth rate (CAGR) of 5.7%. This growth is fueled by the rising adoption of digital radiography,…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
