Press release
Europe Microalgae Market to reach USD 355.48 million by 2030
Europe Microalgae Market
Microalgae are simple cell structure that needs some requirement for their growth, such as light, water, carbon dioxide and nutrients such as nitrogen and phosphorus. Microalgae growth under these requirements with optimum climatic conditions can be 5-10 times more than conventional crops.
The Europe microalgae market facing high maintenance and operating costs and technical challenges of large-scale microalgae harvesting are the major challenges for the market's growth in the forecast years.
Europe microalgae market is expected to gain market growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.8% in the forecast period of 2023 to 2030 and is expected to reach USD 355.48 million by 2030, from USD 228.66 million in 2022.
Opportunities
Increase in the fund for microalgae production
The products derived from microalgae-based technologies are changing almost everything around us. The various transformations in microalgae production enhance the way of eating, introduction of biofuels for the automobile and aviation industry, production of microalgae-derived skincare products and recycling of greenhouse gases. The increased investment in microalgae products is due to their miraculous properties and ability to provide satisfactory products for every major industry. The out-sized impact on the consumer's market and providing sustainable solutions to combat Europe challenges increased investments in advanced microalgae technologies aiding in its production by both the private and public sectors.
Rise in the strategic initiatives by market players
Various strategic initiatives are implemented by market players for the production of microalgae products, which include acquisition, collaboration and expansion, among others. These initiatives allow market players to increase their company's product portfolio, leading to market expansion and increasing the product demand among customers, ultimately allowing them to earn maximum revenue. As the demand for effective and novel products derived from microalgae is increasing worldwide, these strategic initiatives are taken by top market players aimed at enhancing business operations and earning more profitability in the market.
Segmentation:
The Europe microalgae market is segmented into type, category, form, grade, application and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Type
Spirulina
Chlorella
Haematococcus Pluvialis
Dunaliella Salina
Isochrysis
Phaeodactylum Tricornutum
Chlamydomonas Cruentum
Nannochloropsis
Others
Based on type, the microalgae market is segmented into chlaspirulina, chlorella, haematococcus pluvialis, dunaliella salina, isochrysis, phaeodactylum tricornutum, chlamydomonas cruentum, nannochloropsis and others.
Category
Organic
Inorganic
Based on category, the microalgae market is segmented into organic and inorganic.
Form
Powder/ Dry
Liquid
Based on form, the microalgae market is segmented into powder/dry and liquid.
Grade
Food Grade
Cosmetic Grade
Feed Grade
Fuel Grade
Others
Based on grade, the microalgae market is segmented into food grade, cosmetic grade, feed grade, fuel grade and others.
Application
Dietary Supplements
Cosmetics & Personal
Food & Beverages
Pharmaceuticals
Animal Feed
Bio-Fuel
Inks
Others
Based on application, the microalgae market is segmented into dietary supplements, cosmetics & personal, food & beverages, pharmaceuticals, animal feed, bio-fuel, inks and others.
Distribution Channel
Direct
Indirect
Key Market Players:
Some of the major players operating in this market are Euglena Co. Ltd., DIC CORPORATION, DSM, Cyanotech Corporation, Corbion, Far East Bio-Tec Co., Ltd., Earthrise Nutritionals, LLC, AstaReal Co., Ltd., BUGGYPOWER, Inner Mongolia Rejuve Biotech Co.,Ltd., Algatech LTD., AlgaEnergy S.A., Parry Nutraceuticals, Heliae Development, LLC, Algarithm, Necton S.A., and Yemoja Ltd., among others.
Key Questions Answered
What impact does COVID-19 have made on Global Europe Microalgae Market Growth & Sizing?
Who are the Leading key players and what are their Key Business plans in the Global Europe Microalgae Market?
What are the key concerns of the five forces analysis of the Global Europe Microalgae Market?
What are different prospects and threats faced by the dealers in the Global Europe Microalgae Market?
What are the strengths and weaknesses of the key vendors?
Browse More Info @ https://www.databridgemarketresearch.com/reports/europe-microalgae-market
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