openPR Logo
Press release

Microalgae Market Size to Grow at a CAGR of 5.4% from 2021 to 2028

12-09-2022 07:42 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Microalgae Market

Microalgae Market

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.

Absolutely Free | Download Sample Report @:

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.

Prominent Market Players

The players operating in the global microalgae market have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include include 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.

Request For Customization:

Region wise, North America dominated the microalgae market size in 2020, and is expected to sustain its dominance throughout the forecast period. The key factors driving microalgae market growth in the region include rise in awareness of nutritional values of microalgae in cosmetic, dietary supplements and food/feed industries. Also, the rise in disposable income and health and wellness contributes to the market growth.

Key Benefits For Stakeholders

-> The report provides a quantitative analysis of the current microalgae market trends, estimations, and dynamics of the market size from 2020 to 2028 to identify the prevailing opportunities.
-> Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
-> In-depth analysis and the market size and segmentation assist to determine the prevailing microalgae market opportunities.
-> The major countries in each region are mapped according to their revenue contribution to the market.
-> The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the microalgae industry.

Explore More -

Check out more related studies published by AMR Research:-

Haddock Market -

Cotton Seed Market -

Feed Amino Acids Market -


David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States

USA/Canada (Toll Free):

+1-800-792-5285, +1-503-894-6022

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1(855)550-5975


Allied Market Research Blog:

Follow Us on | Facebook | LinkedIn | YouTube

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 "Market Research Reports" and "Business Intelligence Solutions." 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

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

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 Market Size to Grow at a CAGR of 5.4% from 2021 to 2028 here

News-ID: 2841835 • Views: 371

More Releases from Allied Market Research

Aircraft Sensors Market : Predicting a $9.7 Billion | Industry Growth, Analysis and Opportunities By 2031
Aircraft Sensors Market : Predicting a $9.7 Billion | Industry Growth, Analysis …
According to the report published by Allied Market Research, the global aircraft sensors market generated $4 billion in 2021, and is projected to reach $9.7 billion by 2031, growing at a CAGR of 9.1% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape. The
America Golf Cart Market : Passenger Capacity, Type, Fuel Type, Application, and Capacity | Analysis and Industry Forecast, 2019-2026
America Golf Cart Market : Passenger Capacity, Type, Fuel Type, Application, and …
Allied Market Research published a report, titled, "America Golf Cart Market by Passenger Capacity, Type, Fuel Type, Application, And Capacity: Opportunity Analysis and Industry Forecast, 2019-2026," As per the report, the America Golf Cart market was estimated at $1.19 billion in 2018 and is expected to hit $1.62 billion by 2026, garnering a CAGR of 3.9% from 2019 to 2026. The report also offers an in-depth analysis of top investment
Used Cars Market : Projected to Hit a $2.7 Trillion | Demand Status and Development Trends (2023-2031)
Used Cars Market : Projected to Hit a $2.7 Trillion | Demand Status and Developm …
According to the report published by Allied Market Research, the global used cars market was estimated at $1.4 trillion in 2021 and is expected to hit $2.6 trillion by 2031, registering a CAGR of 6.5% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios. The report is a helpful source of information for
Air Compressor Market Technology Advancement and Business Outlook 2031 | CAGR of 4.9%
Air Compressor Market Technology Advancement and Business Outlook 2031 | CAGR of …
An air compressor is a pneumatic device that transforms power from an electric motor, diesel or gasoline engine into potential energy stored in pressurized air. Products such as nail guns, paint sprayers, pressure washers, cutting tools, polishers, impact wrenches, socket wrenches, screwdrivers, and tire inflators are used more for domestic purposes. Every device makes use of a portable air compressor of some kind. Another significant benefit of air compressors is

All 5 Releases

More Releases for Microalgae

Microalgae Market Business Development & Growth Opportunities 2030
Global Research Report on the Microalgae Market 2022-2030 The study was mostly based on the compilation, analysis, and interpretation of data acquired from expert sources regarding the Microalgae market from 2022 to 2030. The competitive landscape section of the research provides a thorough analysis of the market shares of the top Microalgae industry players. The major purpose of this Microalgae research is to estimate the size of numerous categories and areas, as
Global Microalgae Market Outlook 2022 | Valuates Reports
Microalgae Market The global Microalgae market was valued at US$ 2597 million in 2020 and is expected to reach US$ 3867.3 million by the end of 2027, growing at a CAGR of 5.8% during 2021-2027. Get Free Sample: Microalgae Market Share China is the largest market with about 49% market share. North America is follower, accounting for about 24% market share. The key players are DIC Corporation, Cyanotech Corporation, Algaetech Group, TAAU Australia, Fuqing
Global Industry Analysis of Microalgae-based Products
Microalgae-based Products Market: Introduction Transparency Market Research delivers key insights on the global microalgae-based products market. In terms of revenue, the global microalgae-based products market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global microalgae-based products market. The global microalgae-based products market is broadly affected by several factors, including usage
Alfa Chemistry Launched Microalgae Powder Services
On October 24, 2019, Alfa Chemistry announced that it has launched microalgae powder production services. Alfa Chemistry is a high-tech company specializing in the cultivation of microalgae powder and the production of related natural extracts. It has obtained more than 75 patents in the breeding, cultivation, processing and extraction of microalgae, serving customers in the feed, food, nutraceutical and pharmaceutical sectors. At present, the annual production capacity of Alfa Chemistry's microalgae
New Research on Microalgae: North America to be Largest Market for Microalgae du …
The report "Global Market Study on Microalgae: North America to be Largest Market for Microalgae during 2017 to 2026 ", has been prepared based on an in-depth market analysis with inputs from industry experts. Microalgae has emerged as new promising source of nutrients that comprise high-value compounds such as anti-oxidants, pigments, and fatty acids. Despite challenges such as climatic conditions coupled with low consumer demand and complexities in regulations, demand outlook
Microalgae 2017 Market New Research Study
The Microalgae market can be split based on product types, major applications, and important regions. Major Players in Microalgae market are: Dongying Haifu Biological Dongtai City Spirulina Bio-engineering TAAU Australia Shengbada Biology Cyanotech Corporation Algaetech Group Alltech Fuqing King Dnarmsa Spirulina DIC Corporation Get sample copy @ Major Regions play vital role in Microalgae market are: North America Europe China Japan Middle East & Africa India South America Others Most important types of Microalgae products covered in this report are: Dunaliella Salina Chlorella Spirulina Most widely used downstream fields of Microalgae market covered in