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Microalgae-Based Products Market Set to Reach $23.01 Billion by 2030, Growing at 8.2% CAGR

12-19-2024 07:09 AM CET | Chemicals & Materials

Press release from: MAXIMIZE MARKET RESEARCH PVT.LTD

Microalgae Based Products Market

Microalgae Based Products Market

๐Œ๐ข๐œ๐ซ๐จ๐š๐ฅ๐ ๐š๐ž-๐๐š๐ฌ๐ž๐ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

The global microalgae-based products market is experiencing remarkable growth, driven by the increasing demand for sustainable and nutritious alternatives in food, feed, cosmetics, and biofuels. The market was valued at USD 2.14 billion in 2023 and is projected to grow at a CAGR of 7.6% from 2024 to 2030, reaching approximately USD 3.59 billion by 2030. Key players such as DรผPont, Algatech Ltd., and Cyanotech Corporation are advancing innovative solutions to cater to diverse industry demands.

๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/63970/

๐•๐ข๐ž๐ญ๐ง๐š๐ฆ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐Œ๐ข๐œ๐ซ๐จ๐š๐ฅ๐ ๐š๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ

Vietnam is emerging as a promising market for microalgae-based products. The country's favorable climate and increasing government support for sustainable agriculture are driving the adoption of microalgae-based fertilizers and animal feed. Recent collaborations, including a partnership between Vietnam Microalgae Solutions Co. and a leading European biotechnology firm, underline Vietnam's strategic initiatives in this sector.

๐“๐ก๐š๐ข๐ฅ๐š๐ง๐ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐๐จ๐ญ๐ž๐ง๐ญ๐ข๐š๐ฅ ๐ข๐ง ๐Œ๐ข๐œ๐ซ๐จ๐š๐ฅ๐ ๐š๐ž ๐ˆ๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง๐ฌ

Thailand's microalgae-based products market is thriving due to the expanding cosmetics and nutraceuticals industries. The recent establishment of a state-of-the-art algae cultivation facility by Thai BioGreen is expected to enhance the country's export potential. Additionally, mergers such as the acquisition of Algagen Co. by a leading regional player have further strengthened Thailand's market position.

๐‰๐š๐ฉ๐š๐ง ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐€๐ฅ๐ ๐š๐ž-๐๐š๐ฌ๐ž๐ ๐๐ฎ๐ญ๐ซ๐š๐œ๐ž๐ฎ๐ญ๐ข๐œ๐š๐ฅ๐ฌ

Japan remains a key player in the global microalgae-based products market, particularly in the nutraceuticals and pharmaceutical sectors. The market's growth is supported by investments in R&D, including a joint venture between Fuji Chemicals and BioAlgae Tech, aimed at developing advanced algae-based supplements. With a focus on health-conscious consumers, Japan is leading in product innovation.

๐‰๐š๐ฉ๐š๐ง ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐€๐ฅ๐ ๐š๐ž-๐๐š๐ฌ๐ž๐ ๐๐ฎ๐ญ๐ซ๐š๐œ๐ž๐ฎ๐ญ๐ข๐œ๐š๐ฅ๐ฌ

South Korea is witnessing consolidation in the microalgae-based products market as companies strive to enhance scalability and efficiency. Notable mergers include Green Biotech's acquisition of AlgaVista Inc., which aims to expand its footprint in the biofuels segment. South Korea's government initiatives promoting renewable energy are further boosting this market.

๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/63970/

๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐€๐ฅ๐ ๐š๐ž ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ

Singapore is spearheading technological advancements in the microalgae industry. The establishment of an algae innovation hub by Singapore BioLabs highlights the country's commitment to fostering R&D. Partnerships with global firms, including a collaboration between Singapore GreenTech and EcoMarine Solutions, are paving the way for high-value applications in aquaculture and cosmetics.

๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐Œ๐ข๐œ๐ซ๐จ๐š๐ฅ๐ ๐š๐ž-๐๐š๐ฌ๐ž๐

The United States continues to lead the microalgae-based biofuels market. With significant government funding and private sector investments, the U.S. market is projected to grow robustly. Recent developments include a strategic partnership between ExxonMobil and Synthetic Algae Co., targeting scalable biofuel production. The food and beverage sector is also adopting algae-based additives due to increasing health awareness.

๐„๐ฎ๐ซ๐จ๐ฉ๐ž ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐’๐ฎ๐ฌ๐ญ๐š๐ข๐ง๐š๐›๐ฅ๐ž ๐€๐ฅ๐ ๐š๐ž ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ

Europe's microalgae-based products market is expanding rapidly, driven by stringent regulations promoting sustainability. Countries like Germany and France are at the forefront, with companies such as Algatech Europe investing in large-scale algae farms. The European Union's funding for green technologies further supports this growth. Recent collaborations, including BioMarine's joint venture with a Scandinavian biotech firm, are advancing algae-based solutions.

๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/63970/

๐Œ๐ข๐œ๐ซ๐จ๐š๐ฅ๐ ๐š๐ž ๐๐š๐ฌ๐ž๐ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง

๐›๐ฒ ๐’๐ฉ๐ž๐œ๐ข๐ž๐ฌ ๐“๐ฒ๐ฉ๐ž

Spirulina
Chlorella
Dunaliella Salina
Others

๐›๐ฒ ๐‚๐š๐ญ๐ž๐ ๐จ๐ซ๐ฒ

Inorganic
Organic

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Food and Beverages

Animal feed
Cosmetics
Others

๐Œ๐ข๐œ๐ซ๐จ๐š๐ฅ๐ ๐š๐ž ๐๐š๐ฌ๐ž๐ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

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)

๐…๐จ๐ซ ๐š ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐จ๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ, ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž๐:https://www.maximizemarketresearch.com/market-report/global-microalgae-based-products-market/63970/

๐Š๐ž๐ฒ ๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

Global Expansion: Companies such as Cyanotech Corporation have expanded their production capacities to meet the rising global demand.

Product Innovations: Launch of algae-based protein supplements by DรผPont to address the increasing demand for plant-based alternatives.

Sustainability Initiatives: Collaboration between Algatech Ltd. and a European university to develop eco-friendly cultivation technologies.

Technological Advancements: Introduction of AI-driven algae harvesting systems by Green Biotech for improved efficiency.

๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐–๐ก๐š๐ญ'๐ฌ ๐“๐ซ๐ž๐ง๐๐ข๐ง๐ :

โ™ฆ Global Silver Nanoparticles Market https://www.maximizemarketresearch.com/market-report/global-silver-nanoparticles-market/70861/

โ™ฆ Global Single Superphosphate Ssp Market https://www.maximizemarketresearch.com/market-report/global-single-superphosphate-ssp-market/71155/

โ™ฆ Global Sizing Agents Market https://www.maximizemarketresearch.com/market-report/global-sizing-agents-market/24958/

โ™ฆ Global Sodium Acetate Trihydrate Market https://www.maximizemarketresearch.com/market-report/global-sodium-acetate-trihydrate-market/57198/

โ™ฆ Global Sodium Bicarbonate Market https://www.maximizemarketresearch.com/market-report/global-sodium-bicarbonate-market/25245/

โ™ฆ Global Sodium Bromide Market https://www.maximizemarketresearch.com/market-report/global-sodium-bromide-market/89081/

โ™ฆ Global Sodium Chlorate Market https://www.maximizemarketresearch.com/market-report/global-sodium-chlorate-market/66233/

โ™ฆ Global Sodium Hydroxide Caustic Soda Market https://www.maximizemarketresearch.com/market-report/global-sodium-hydroxide-caustic-soda-market/24510/

โ™ฆ Global Sodium Lauryl Sulphate Market https://www.maximizemarketresearch.com/market-report/global-sodium-lauryl-sulphate-market/55186/

โ™ฆ Global Sodium Methylate Market https://www.maximizemarketresearch.com/market-report/global-sodium-methylate-market/66007/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656

๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

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.

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Color Steel Tile Market Research Report A market study based on the " Color Steel Tile Market " across the globe, recently added to the repository of Market Research, is titled โ€˜Global Color Steel Tile Market 2017โ€™. The research report analyses the historical as well as present performance of the worldwide Color Steel Tile industry, and makes predictions on the future status of Color Steel Tile market on the basisโ€ฆ