Press release
Microalgae Market 2023 : Analysis By Top Key Players, Trends, Industry Size And Regional Outlook 2032 | Cellana Inc., DIC Corporation, E.I.D Parry Ltd., Algaetech Group, Algenol Biotech
As per the microalgae market report by The Business Research Company, Increasing demand for nutritional supplements is expected to propel the growth of the microalgae market going forward. Nutritional supplements refer to dietary additions that are typically made up of one or more dietary components, such as vitamins, minerals, herbs, amino acids, and enzymes.
The global microalgae market is expected to grow from $0.96 billion in 2022 to $1.03 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The microalgae market is expected to grow to $1.35 billion in 2027 at a CAGR of 6.9%.
Read More On The Microalgae Market Report Here:
https://www.thebusinessresearchcompany.com/report/microalgae-global-market-report
Major competitors in the Microalgae market include Cellana Inc., Cyanotech Corporation, DIC Corporation, E.I.D Parry Ltd., Fuqing King Dnarmsa Spirulina Co. Ltd., Taau Australia Pty Ltd., Algaetech Group, Algenol Biotech, Kent BioEnergy Corporation, Roquette Klötze GmbH & Co. KG, TerraVia Holdings, Ningbo Wanglong Technology Co., Jubilant Life Sciences Ltd., and Toronto Research Chemicals.
The Microalgae market is segmented -
By Type: Spirulina, Chlorella, Dunaliella Salina, Haematococcus Pluvialis, Other Microalgae
By Distribution Channel: Business Channel, Consumer Channel
By Applications: Food and Beverage, Dietary Supplements, Pharmaceuticals, Cosmetics and Personal Care, Bio-Fuel, Inks, Animal Feed, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Microalgae market.
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Microalgae refer to tiny eukaryotic organisms made out of differentiated single cells that can use chromophores for energy. They are a species of unicellular algae that are composed of single cells.
The Table Of Content For The Microalgae Market Include:
1. Executive Summary
2. Microalgae Market Characteristics
3. Microalgae Market Trends And Strategies
4. Microalgae Market - Macro Economic Scenario
5. Microalgae Market Size And Growth
……
26. Africa Microalgae Market
27. Microalgae Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Microalgae Market
29. Microalgae Market Future Outlook and Potential Analysis
30. Appendix
The "Global Microalgae Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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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.
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Microalgae Market Share
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