Press release
Industry Overview of Algae Market from 2022 to 2031
๐๐ฅ๐ ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค ๐๐๐๐โข The global algae market was valued at US$ 20.16 Bn in 2021
โข It is estimated to grow at a CAGR of 10.9% from 2022 to 2031
โข The global algae market is expected to reach US$ 55.67 Bn by the end of 2031
๐๐ฒ๐ ๐ฃ๐๐ ๐๐ฎ๐บ๐ฝ๐น๐ฒ ๐ณ๐ผ๐ฟ ๐๐ป๐ฑ๐๐๐๐ฟ๐ถ๐ฎ๐น ๐๐ป๐๐ถ๐ด๐ต๐๐ ๐ฎ๐ป๐ฑ ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐ ๐๐ป๐๐ฒ๐น๐น๐ถ๐ด๐ฒ๐ป๐ฐ๐ฒ @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=14804
๐ข๐๐ฒ๐ฟ๐๐ถ๐ฒ๐ ๐ผ๐ณ ๐๐น๐ผ๐ฏ๐ฎ๐น ๐๐น๐ด๐ฎ๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐
Algae are defined as a group of predominantly aquatic, photosynthetic, and nucleus-bearing organisms that lack true roots, stems, leaves, and specialized multicellular reproductive structures of plants. Algae reproduce rapidly and need only sunlight (or another form of energy such as sugar). There are tens of thousands of species of algae worldwide. Autotrophic microalgae are cultivated on land in large ponds, or in enclosed so-called photobioreactors, using enriched CO2. Heterotrophic microalgae are grown in large fermenters using sugar or starch. Seaweed (macroalgae) is cultivated in seawater. Algae are used in various industries. They are used in human food, animal and aquaculture feed, organic farming, and fertilizer products.
๐๐ป๐พ๐๐ถ๐ฟ๐ ๐๐ฒ๐ณ๐ผ๐ฟ๐ฒ ๐๐๐๐ถ๐ป๐ด @ https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=14804
๐ก๐๐๐ฟ๐ถ๐๐ถ๐ผ๐ป๐ฎ๐น ๐๐ฒ๐ป๐ฒ๐ณ๐ถ๐๐ ๐ผ๐ณ ๐๐น๐ด๐ฎ๐ฒ ๐ถ๐ป ๐๐ถ๐๐ฒ๐๐๐ผ๐ฐ๐ธ ๐๐ฒ๐ฒ๐ฑ ๐๐ผ ๐๐ฟ๐ถ๐๐ฒ ๐๐น๐ผ๐ฏ๐ฎ๐น ๐๐น๐ด๐ฎ๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐
The global algae market is estimated to reach US$ 22.01 Bn by end of 2022. Rise in application of algae in animal feed owing to their nutritional benefits is driving the algae market. Algae are rich in proteins, fatty acids, antioxidants, fiber, and vitamins. Algae also contain minerals such as phosphorous, zinc, iron, and magnesium, which are needed for the bodily functions of most animals including dogs, cows, buffalos, horses, and cats. Algae are also used as nutritional supplements in aquaculture, as they are a rich source of omega-3 fatty acids. They are also used in poultry and pig farming. Studies indicate that 30% to 35% of soy protein can be replaced with a mixture of microalgae. Significant investment is being made in research and development of using algae in human and animal feed. This is expected to drive the algae market.
๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=14804
๐ฆ๐๐ฟ๐ถ๐ป๐ด๐ฒ๐ป๐ ๐๐ผ๐๐ฒ๐ฟ๐ป๐บ๐ฒ๐ป๐ ๐ฅ๐ฒ๐ด๐๐น๐ฎ๐๐ถ๐ผ๐ป๐ ๐๐ผ ๐๐ฎ๐บ๐ฝ๐ฒ๐ฟ ๐๐น๐ผ๐ฏ๐ฎ๐น ๐๐น๐ด๐ฎ๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐
The Novel Food Regulation EU 2018/2283 is applicable for algae production. Novel food is defined as food that has not been consumed to a significant degree by humans in the EU before May 15, 1997 (entry into force of the first Novel Food Regulation). Specific limits for contaminants are applied to the material used in animal and aquaculture feeds. There is a legal basis to set pathogen limits (EU Regulation 183/2005) on Feed Hygiene. The EU Organic Farming Regulation 2018/848 specifies that non-GMO microorganisms are accepted in plant production and indicate environmental provisions for the production of algae. According to EU Fertilising Products Regulation 2019/1009 (FPR), algae and algae-derived materials would therefore be allowed to be used in fertilizing products either in CE-marked products (under the EU Regulation) or in products authorized under national legislation (for national markets).
The algae market is in its nascent phase. Therefore, the payback period is also high. Need for capital investment and operational costs to overcome these issues are considerably high. These are some of the key factors restraining the demand for algae and algae-based products.
๐ฉ๐ถ๐ฒ๐ ๐๐ผ๐บ๐ฝ๐น๐ฒ๐๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ @ https://www.transparencymarketresearch.com/algae-market.html
๐๐ป๐ฐ๐ฟ๐ฒ๐ฎ๐๐ฒ ๐ถ๐ป ๐๐ป๐๐ฒ๐ฟ๐ฒ๐๐ ๐ถ๐ป ๐ ๐ฎ๐ฐ๐ฟ๐ผ๐ฎ๐น๐ด๐ฎ๐ฒ ๐๐๐น๐๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ณ๐ฟ๐ผ๐บ ๐๐ถ๐ด๐ต๐ฒ๐ฟ-๐ถ๐ป๐ฐ๐ผ๐บ๐ฒ ๐๐ผ๐๐ป๐๐ฟ๐ถ๐ฒ๐ ๐๐ผ ๐๐ผ๐ผ๐๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐
Based on type, the global algae market has been bifurcated into microalgae and macroalgae. The macroalgae segment held major share of 62.8% of the algae market in 2021. It is estimated to maintain its dominant position in the market and expand at a growth rate of more than 10.3% during the forecast period. Macroalgae cultivation is garnering increased interest from higher-income countries as a nature-based solution to economic development, as macroalgae and microalgae help mitigate carbon dioxide emission.
Macroalgae or seaweed are classified into brown seaweed (alginates, laminaria, etc.), red seaweed (red algae), and green seaweed. Macroalgae play a vital role in the aquatic ecosystem by forming the energy base of food for all aquatic organisms. They are used in food and non-food industries such as animal feed, food additives, biostimulant, biopackaging, pharma and nutraceutical, cosmetics, biodegradable plastic, and biofuel. Rise in adoption of algae biofuel can be ascribed to its fast production and high energy content. However, microalgae is cultivated in lesser quantity than macroalgae. Microalgae includes various unicellular algae species such as green microalgae (e.g. Chlorella spp.), cyanobacteria (also known as blue-green algae), and diatoms. In May 2022, the Czech Republic-based Mewery claimed to be the first Europe-based startup to develop cultivated pork on a proprietary microalgae base.
๐๐ป๐ฎ๐น๐๐๐ถ๐ ๐ผ๐ณ ๐๐ฒ๐ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐ ๐ถ๐ป ๐๐น๐ผ๐ฏ๐ฎ๐น ๐๐น๐ด๐ฎ๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐
The global algae market is fragmented, with a large number of large-scale vendors controlling a majority of the share. Most of the firms are spending significantly on comprehensive research and development activities, primarily to develop environment-friendly fuels to reduce carbon emissions. Expansion of product portfolios and mergers and acquisitions are major strategies adopted by key players. Cyaotech Corporation, Algenol, FEMICO, Algae Health Science, Pond Technologies Holdings Inc., Seagrass Tech Pvt Ltd, Parry Nutraceutical, Firglas, Manta Biofuel, and Earthrise Nutritionals are the prominent entities operating in the market.
๐๐ฏ๐ผ๐๐ ๐ง๐ฟ๐ฎ๐ป๐๐ฝ๐ฎ๐ฟ๐ฒ๐ป๐ฐ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐ผ๐ป๐๐ฎ๐ฐ๐:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com/
Blog: https://tmrblog.com/
Email: sales@transparencymarketresearch.com
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 Industry Overview of Algae Market from 2022 to 2031 here
News-ID: 2795916 • Views: โฆ
More Releases from Transparency Market Research

Point-of-Care Glucose Testing Market: Technological Innovations Shaping the Futu โฆ
The global healthcare industry is undergoing a technological revolution, and Point-of-Care (POC) glucose testing is at the forefront of this transformation. As diabetes continues to impact millions of lives worldwide, the need for efficient, accurate, and timely glucose monitoring has become critical.
Newly released data from Transparency Market Research reveals that the global POC glucose testing market was valued at USD 3.7 billion in 2021 and is expected to reach USDโฆ

Dental Dust Collector Market: Regional Insights and Forecasts to 2031
The dental dust collector market has been witnessing significant growth as the dental industry places a greater emphasis on occupational safety and adopts advanced technology.
Dental dust collectors play a crucial role in creating a clean and safe environment in dental clinics and laboratories by capturing harmful airborne particles produced during procedures such as drilling, grinding, and polishing.
Access key findings and insights from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=85310
These devicesโฆ

Vacuum Insulation Panels Market Size Will Anticipated to Reach US$ 12.6 Billion, โฆ
The vacuum insulation panels (VIPs) market represents a vital component in the global push for energy efficiency and thermal insulation solutions. VIPs are advanced thermal insulating materials that offer superior performance compared to traditional insulation products. These panels, composed of a core material enclosed within a gas-tight envelope, are widely used across industries, including construction, refrigeration, and logistics, where high thermal resistance is critical.
It is estimated to grow at aโฆ

Aviation Lubricants Market Outlook 2031: Expanding from US$ 991.8 Million to US$ โฆ
The aviation lubricants market is a crucial segment within the aerospace industry, encompassing specialized oils, greases, and fluids designed to enhance the performance and reliability of aircraft systems. These lubricants are essential for ensuring operational efficiency, reducing wear and tear, and maintaining safety standards across commercial, military, and general aviation sectors.
It is estimated to grow at a CAGR of 5.4% from 2023 to 2031 and reach US$ 1.6 Bn byโฆ
More Releases for Algae
Algae Products Market by Type (Spirulina, Chlorella, Astaxanthin, Beta Carotene, โฆ
Algae Products Market
The global Algae products market was valued at USD 2,276.0 Million in 2020, and is projected to reach USD 4286.8 Million by 2031, growing at a CAGR of 4.88% from 2022 to 2031.
Full Report: https://reports.valuates.com/market-reports/ALLI-Auto-4F298/algae-products
Algae Products Market Trends
Due to increase in demand for natural products and proactive efforts by market players to formulate algae-based consumable products to meet quality, texture, and nutritional demands of consumers. Earlier, algae wasโฆ
2022 Biotechnology Algae Cultivation (Micro Algae) Market | Detailed Report
The research reports on โBiotechnology Algae Cultivation (Micro Algae) Marketโ report gives detailed overview of factors that affect global business scope. Biotechnology Algae Cultivation (Micro Algae) Market report shows the latest market insights with upcoming trends and breakdowns of products and services. This report provides statistics on the market situation, size, regions and growth factors. An exclusive data offered in this report is collected by research and industry experts team.
Downloadโฆ
Algae Market - Algae as living biocatalysts for a green industry
Algae are photosynthetic eukaryotic organisms that grow in aquatic climates and use light and carbon dioxide (CO2) in order to create biomass. The market demand is continuously growing for macro algae and micro algae food, owing to the functional benefits beyond the traditional considerations of health and nutrition. Furthermore, algae has the ability to offer higher oil yield as compared to biofuel feedstock containing sorghum, corn Stover, beet, and corn.โฆ
Algae Oil Market Quadruples by 2023; with a ~ 4.35 % of Whooping CAGR | Algae Fl โฆ
This study provides insights about the Algae Oil Market in regards to its uses and benefits. We at Crystal Market Research (CMR) provide updated information that is beneficial in decision making regarding business investments.
Top Most Leading Players:
The major players in the market are Diversified Energy Corporation, Cellana, TerraVia and Algix. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies,โฆ
Algae Market Revenue Analysis By Top Key Players Algaetech International, Aurora โฆ
Algae is a diverse group of organisms ranging from unicellular to multicellular. The complex and largest marine algae are called seaweeds. The algae consist of chloroplast, which is similar to cyanobacteria in structure. Algae has its wide application in agar, alginates, fertilizer, energy source, nutrition, pigments, and bioremediation. Algae has wide range of usage in terms of pollution control. It is used as an alternative for toxic chemicals to treatโฆ
Algae Biofuel Market 2018: Origin Oils Inc, Genifuels, Algae Systems, Solix Biof โฆ
Qyresearchreports include new market research report โGlobal Algae Biofuel Sales Market Report 2018โ to its huge collection of research reports.
In this report, the global Algae Biofuel market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Global Algae Biofuel market competition by top manufacturers/players, with Algae Biofuel sales volume,โฆ