Press release
Microalgae-Based Products Market to Reach USD 23.01 Billion by 2030, Growing at a CAGR of 8.2%
Microalgae Based Products Market
The global microalgae-based products market is projected to grow at a robust CAGR of XX% from 2024 to 2029, reaching a market size of USD XX billion by 2029. Microalgae-based products are widely used in food, feed, personal care, pharmaceuticals, and biofuels. Increasing demand for plant-based protein, natural pigments, and eco-friendly ingredients is propelling the market forward.
The market is evolving as consumer preferences shift towards natural, clean-label products, which is expected to drive demand for algae-derived products such as spirulina, chlorella, and astaxanthin. The growing focus on health and wellness, coupled with advancements in microalgae cultivation techniques, has created lucrative growth opportunities for businesses operating in the sector.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/63970/
๐๐ข๐๐ซ๐จ๐๐ฅ๐ ๐๐-๐๐๐ฌ๐๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam, with its thriving aquaculture industry and increasing demand for sustainable feed alternatives, is positioning itself as a key player in the microalgae-based products market. The country's marine resources offer vast opportunities for algae cultivation, particularly for applications in animal feed and nutritional supplements.
๐๐๐ฒ ๐๐ซ๐๐ง๐๐ฌ ๐๐ง๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ:
Spirulina and Chlorella are increasingly being incorporated into dietary supplements and functional foods in Vietnam, tapping into the growing health-conscious consumer base.
Mergers & Acquisitions: In 2023, Vietnam Algae Corporation merged with BioAlgae Solutions to bolster its position in the production of microalgae-derived omega-3 fatty acids and high-value pigments.
๐๐ข๐๐ซ๐จ๐๐ฅ๐ ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand's government has been actively supporting the development of bioeconomy sectors, with microalgae being a significant focus. The nation's favorable climate for algae cultivation and its expertise in biotechnology have opened up consolidation opportunities.
๐๐๐ฒ ๐๐ซ๐๐ง๐๐ฌ ๐๐ง๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ:
Thai companies are increasingly collaborating with international firms to enhance research and product innovation in microalgae-based solutions.
In 2024, Siam Algae Ltd. acquired Green Algae Biotech, strengthening its position in the production of microalgae-based biofuels and high-protein feed additives.
๐๐ข๐๐ซ๐จ๐๐ฅ๐ ๐๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan, known for its technological advancements and commitment to sustainability, is witnessing significant growth in the microalgae-based products sector. The Japanese market is leveraging algae as a solution for health and environmental sustainability, particularly in the field of nutraceuticals and aquaculture.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/63970/
๐๐๐ฒ ๐๐ซ๐๐ง๐๐ฌ ๐๐ง๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ:
Algae Supplements: The demand for spirulina, chlorella, and other algae-based supplements has seen a sharp increase, driven by rising awareness about gut health and immune-boosting ingredients.
Mergers & Acquisitions: In 2023, Japan Algae Innovations acquired BlueBioTech, a startup specializing in algae-derived biofuels, as part of its strategy to diversify its product portfolio.
๐๐ข๐๐ซ๐จ๐๐ฅ๐ ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea's increasing interest in sustainable agriculture, coupled with the rising consumption of plant-based and functional foods, is contributing to the growth of the microalgae market. South Korea is also emerging as a hub for microalgae biotechnology innovation.
๐๐๐ฒ ๐๐ซ๐๐ง๐๐ฌ ๐๐ง๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ:
Astaxanthin and Spirulina are becoming highly popular in the South Korean wellness market, with manufacturers expanding their product lines to cater to growing demand.
In 2024, Greenwave Korea, a leading player in the algae cultivation industry, announced the acquisition of Blue Algae Solutions, boosting its capacity to provide algae-based products for the cosmetics and pharmaceutical sectors.
๐๐ข๐๐ซ๐จ๐๐ฅ๐ ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐๐๐ญ๐ ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore, as a global leader in food technology and sustainability, is rapidly adopting microalgae-based products, particularly in the food and beverage sector. The country's strategic location as a regional business hub is fostering innovation and collaboration in algae biotechnology.
๐๐๐ฒ ๐๐ซ๐๐ง๐๐ฌ ๐๐ง๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ:
Food & Beverages: Singapore has seen a rise in algae-based functional foods, including snacks, plant-based protein products, and vegan supplements.
Recent Mergers: In 2023, EcoAlgae Singapore, a prominent algae producer, was acquired by AlgaeTech International to expand its research and production capabilities in Southeast Asia.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/63970/
๐๐ข๐๐ซ๐จ๐๐ฅ๐ ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ
The United States remains one of the largest markets for microalgae-based products, with high demand for algae-derived health supplements, food additives, and sustainable biofuels. The growing trend toward plant-based diets and clean-label products is accelerating market expansion.
๐๐๐ฒ ๐๐ซ๐๐ง๐๐ฌ ๐๐ง๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ:
Nutritional Supplements: The demand for spirulina and chlorella continues to grow, particularly in the health and wellness segment.
Mergers & Acquisitions: In 2024, Solix Algredients, a leading producer of algae-based biofuels, announced a merger with Algae Innovations Inc., further enhancing its production capabilities and market reach.
๐๐ข๐๐ซ๐จ๐๐ฅ๐ ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe is at the forefront of the global microalgae market, with several countries investing heavily in algae biotechnology for applications in food, pharmaceuticals, and sustainable agriculture. The European Union's focus on environmental sustainability and green energy is propelling the demand for algae-based biofuels and other renewable products.
๐ ๐จ๐ซ ๐ ๐๐๐๐ฉ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค:https://www.maximizemarketresearch.com/market-report/global-microalgae-based-products-market/63970/
๐๐ข๐๐ซ๐จ๐๐ฅ๐ ๐๐ ๐๐๐ฌ๐๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ฉ๐๐๐ข๐๐ฌ ๐๐ฒ๐ฉ๐
Spirulina
Chlorella
Dunaliella Salina
Others
๐๐ฒ ๐๐๐ญ๐๐ ๐จ๐ซ๐ฒ
Inorganic
Organic
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Food and Beverages
Animal feed
Cosmetics
Others
๐๐ข๐๐ซ๐จ๐๐ฅ๐ ๐๐ ๐๐๐ฌ๐๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
1. Fuqing King Dnarmsa Spirulina Co., Ltd. (China)
2. Earthrise Nutritionals, LLC, (U.S.)
3. E.I.D. - PARRY LIMITED (INDIA)
4. Cyanotech Corporation (U.S.)
5. C.B.N. Bio-engineering Co.Ltd (China)
6. YUNNAN GREEN A BIOLOGICAL PROJECT CO., LTD. (Yunnan Spirin
7. Biotechnology Co. Ltd (China)
8. Jiangshan COMP SPIRULINA CO., LTD. (China)
9. Inner Mongolia Rejuve Biotech Co., Ltd. (China)
10. Zhejiang Binmei BiotechnologyCo., Ltd. (China)
11. Bluetec Naturals CO., LTD. (China)
12. Taiwan Chlorella Manufacturing Company(TCMC) (Taiwan)
13. Sun Chlorella Corporation (Japan)
14. Roquette Klรถtze GmbH & Co. KG (Germany)
15. Gong Bih Enterprise Co., Ltd.(Taiwan)
16. Yaeyama Shokusan Co., Ltd. (Euglena Co Ltd) (Japan)
17. VedanBiotechnology Corporation (Taiwan)
18. AlgoSource (France)
19. Tianjin Norland Biotech CO., LTD (China)
20. Phycom BV (Netherlands)
21. AllMicroalgae based Products Natural Products S.A. (Portugal)
22. Aliga Microalgae based Products (Denmark)
23. Taiwan Wilson Enterprise Inc. (Taiwan)
24. Daesang Corporation (Korea)
25. Algalimento SL (Spain)
26. Seagrass Tech Private Limited (India)
27. Plankton Australia Pty Limited (Australia)
28. Hangzhou Ouqi Food Co., Ltd. (China)
29. Shaanxi Rebecca Bio-Tech Co., Ltd (China)
๐๐๐ฒ ๐๐ซ๐๐ง๐๐ฌ ๐๐ง๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ:
Regulations: The European market is benefiting from government regulations that promote sustainable agricultural practices, enhancing the adoption of microalgae in farming.
Recent Mergers & Acquisitions: In 2023, AlgaeBioTech Europe, a leading algae producer, acquired Algatech Solutions, enhancing its research capabilities and expanding its product portfolio to include eco-friendly pigments and biofuels.
๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐๐ก๐๐ญ'๐ฌ ๐๐ซ๐๐ง๐๐ข๐ง๐ :
โฆ Global Railcar Coatings Market https://www.maximizemarketresearch.com/market-report/global-railcar-coatings-market/105482/
โฆ Global Ready Mix Concrete Market https://www.maximizemarketresearch.com/market-report/global-ready-mix-concrete-market/73708/
โฆ Global Recycled Plastics Market https://www.maximizemarketresearch.com/market-report/global-recycled-plastics-market/10814/
โฆ Global Recycled Plastic Tiles Market https://www.maximizemarketresearch.com/market-report/global-recycled-plastic-tiles-market/10829/
โฆ Global Recycled Polypropylene Market https://www.maximizemarketresearch.com/market-report/global-recycled-polypropylene-market/70726/
โฆ Global Redispersible Polymer Powder Market https://www.maximizemarketresearch.com/market-report/global-redispersible-polymer-powder-market/64850/
โฆ Global Refractories Market https://www.maximizemarketresearch.com/market-report/global-refractories-market/26727/
โฆ Global Resilient Flooring Market https://www.maximizemarketresearch.com/market-report/global-resilient-flooring-market/66277/
โฆ Global Rhamnolipid Market https://www.maximizemarketresearch.com/market-report/global-rhamnolipid-market/103014/
โฆ Global Rice Husk Ash Market https://www.maximizemarketresearch.com/market-report/global-rice-husk-ash-market/16297/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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 to Reach USD 23.01 Billion by 2030, Growing at a CAGR of 8.2% here
News-ID: 3783602 • Views: โฆ
More Releases from MAXIMIZE MARKET RESEARCH PVT.LTD
Raw Pet Food Market Poised for Growth Projected to Reach USD 14.55 Billion by 20 โฆ
๐๐๐ฐ ๐๐๐ญ ๐
๐จ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
The global raw pet food market is gaining traction, driven by the rising demand for natural and minimally processed pet food options. With a market size valued at USD 7387.57 Million in 2023, it is projected to grow at a robust CAGR of 10.16% during the forecast period from 2024 to 2030, reaching USD 14546.03 Million by the end of 2030. This press release explores country-specificโฆ
Zircon Sand Market to Reach USD 3.99 Billion by 2030, Growing at a CAGR of 8.2%
Zircon Sand Market Overview
The global zircon sand market is witnessing substantial growth, driven by its applications across various industries, including ceramics, refractories, and foundries. Valued at USD X billion in 2023, the market is expected to reach USD Y billion by 2030, growing at a CAGR of Z% from 2024 to 2030. This press release provides a comprehensive analysis of the market dynamics, country-specific developments, and recent trends.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐,โฆ
Automotive Brake Caliper Market to Reach USD 21.53 Billion by 2030, Growing at a โฆ
Automotive Brake Caliper Market Overview
The Global Automotive Brake Caliper Market is witnessing significant advancements driven by technological innovations and the surging demand for efficient braking systems. The market was valued at USD X billion in 2023 and is projected to grow at a CAGR of X% from 2024 to 2030, reaching USD X billion. This press release explores country-specific growth, opportunities, trends, consolidation, and updation in the market across Vietnam,โฆ
Account Reconciliation Software Market to Reach $8.10 Billion by 2030, Growing a โฆ
Account Reconciliation Software Market Overview
Global Account Reconciliation Software Market Poised for Growth
The global account reconciliation software market is projected to experience substantial growth, reaching a market valuation of USD X billion by 2030, growing at a CAGR of X.X% from 2024 to 2030. This growth is driven by the increasing adoption of automated financial solutions and advancements in AI and cloud technologies.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/104828/โฆ
More Releases for Algae
Algae AI Scout - Portable Algae Classification Analyzer
Image: https://ecdn6.globalso.com/upload/p/1459/image_other/2025-08/algae-ai-scout-1.jpg
Algal blooms pose a serious threat to aquatic ecosystems and public health, necessitating efficient monitoring methods. However, traditional optical microscopy methods face two major technical bottlenecks: first, inefficient manual sorting, which makes it difficult to rapidly process large quantities of samples in the field; and second, reliance on laboratory analysis, which prevents in-situ real-time monitoring and results in delayed early warning of sudden algal blooms.
Portable algae analyzer
Image: https://ecdn6.globalso.com/upload/p/1459/image_other/2025-08/algae-ai-scout-2.jpg
The Portableโฆ
Algae, How It Spreads, and Algae Removal With Simple Softwash
Biloxi, MS - When most people think of algae, they think of bodies of water. For example, algae is abundant in oceans, rivers, creeks, and other similar geographic structures. However, algae does not need to be submerged in water to grow. In fact, it has a tendency to grow on the exterior surfaces of properties, too. When this happens, it can quickly leave homeowners and business owners frustrated, wondering whatโฆ
Algae Protein Market 2023 Strategic Assessment - DIC, Japan Algae, Parry Nutrace โฆ
(United States) - Global Algae Protein Market research gives data of drive consolidations and securing procedures to grow market share and size for forecast period of 2023-2029. It further allows the industry leaders to penetrate deep into the marketing evaluation with the highest profitability. The research examines parent market trends, macroeconomic data, and controlling factors in depth, as well as Algae Protein market attractiveness by segment. The qualitative influence ofโฆ
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
