Press release
Microalgae-Based Products Industry Growth: From USD 13.25 Bn in 2023 to USD 23.01 Bn
๐๐ข๐๐ซ๐จ๐๐ฅ๐ ๐๐-๐๐๐ฌ๐๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐThe global microalgae-based products market was valued at USD 13.25 Billion in 2023 and is projected to grow at a CAGR of 8.2% from 2024 to 2030, reaching USD 23.01 Billion by the end of the forecast period. The market is driven by increasing applications in food and beverages, pharmaceuticals, cosmetics, and biofuels, coupled with a growing emphasis on sustainability and health-conscious consumption.
๐๐ข๐๐ซ๐จ๐๐ฅ๐ ๐๐-๐๐๐ฌ๐๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's market for microalgae-based products is growing due to the increasing adoption of algae in aquaculture feed and pharmaceuticals. Companies like ๐๐จ๐ซ๐๐ข๐จ๐ง are collaborating with local producers to strengthen their presence and promote sustainable algae farming practices. Government initiatives supporting biotechnology research further enhance market potential.
๐๐ฑ๐๐ข๐ญ๐๐ ๐ญ๐จ ๐๐ข๐ฏ๐ ๐ข๐ง? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฎ๐ง๐๐จ๐ฏ๐๐ซ ๐ข๐ญ๐ฌ ๐๐จ๐ง๐ญ๐๐ง๐ญ๐ฌ:https://www.maximizemarketresearch.com/request-sample/63970/
๐๐ข๐๐ซ๐จ๐๐ฅ๐ ๐๐-๐๐๐ฌ๐๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand's focus on organic and natural products is driving demand for microalgae-based solutions, especially in the cosmetics and health supplement sectors. ๐๐ฅ๐ ๐๐ญ๐๐๐ก has partnered with Thai companies to expand the distribution of algae-derived carotenoids. Thailand's flourishing wellness tourism industry adds to market growth.
๐๐ข๐๐ซ๐จ๐๐ฅ๐ ๐๐-๐๐๐ฌ๐๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan's advanced technological landscape and consumer preference for innovative health products make it a key market for microalgae-based products. ๐ ๐ฎ๐ฃ๐ข ๐๐ก๐๐ฆ๐ข๐๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฌ has been at the forefront of developing algae-based nutraceuticals. The integration of microalgae in functional foods and beverages presents significant opportunities.
๐๐ข๐๐ซ๐จ๐๐ฅ๐ ๐๐-๐๐๐ฌ๐๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ก๐ข๐ง๐
China's vast market potential is driven by its increasing use of microalgae in animal feed, biofuels, and nutritional supplements. Companies like ๐๐ง๐ง๐๐ซ ๐๐จ๐ง๐ ๐จ๐ฅ๐ข๐ ๐๐๐ฃ๐ฎ๐ฏ๐ ๐๐ข๐จ๐ญ๐๐๐ก are investing in R&D to develop high-value microalgae products. Mergers and partnerships with global firms are further consolidating the market.
๐๐ข๐๐ซ๐จ๐๐ฅ๐ ๐๐-๐๐๐ฌ๐๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea's market for microalgae-based products is supported by its focus on sustainable food sources and advanced biotechnology research. ๐๐ ๐๐ก๐๐ฆ has introduced algae-based biofuels and bioplastics to cater to industrial demand. The government's investments in green technologies further bolster the market.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐๐๐ค ๐ข๐ง๐ฌ๐ข๐๐? ๐๐ซ๐๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ:https://www.maximizemarketresearch.com/request-sample/63970/
๐๐ข๐๐ซ๐จ๐๐ฅ๐ ๐๐-๐๐๐ฌ๐๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore's strategic focus on food security and sustainability creates a fertile ground for microalgae-based innovations. Collaborations between ๐๐๐๐๐ and local research institutions have led to advancements in algae-derived bioplastics. The rising popularity of plant-based alternatives also supports market expansion.
๐๐ข๐๐ซ๐จ๐๐ฅ๐ ๐๐-๐๐๐ฌ๐๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐
The US leads the global market for microalgae-based products, driven by the demand for vegan protein, biofuels, and cosmetics. Companies like ๐๐๐ฅ๐ข๐๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ and ๐๐ฅ๐ ๐๐ง๐จ๐ฅ ๐๐ข๐จ๐ญ๐๐๐ก are introducing advanced technologies to scale production. Federal support for renewable energy projects adds momentum to the market.
๐๐ข๐๐ซ๐จ๐๐ฅ๐ ๐๐-๐๐๐ฌ๐๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe's microalgae-based products market is characterized by stringent environmental regulations and a strong focus on sustainability. Companies like ๐๐๐ are innovating with algae-derived omega-3 fatty acids for dietary supplements. The region's emphasis on reducing carbon emissions aligns with the adoption of algae-based biofuels.
๐๐๐ฒ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
๐๐จ๐ซ๐๐ข๐จ๐ง partnered with Vietnamese algae farms to promote sustainable production.
๐๐ฅ๐ ๐๐ญ๐๐๐ก expanded its carotenoid product line in the Thai wellness market.
๐ ๐ฎ๐ฃ๐ข ๐๐ก๐๐ฆ๐ข๐๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฌ introduced algae-based functional beverages in Japan.
๐๐ง๐ง๐๐ซ ๐๐จ๐ง๐ ๐จ๐ฅ๐ข๐ ๐๐๐ฃ๐ฎ๐ฏ๐ ๐๐ข๐จ๐ญ๐๐๐ก invested in large-scale microalgae cultivation projects in China.
๐๐๐ฅ๐ข๐๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ launched innovative algae-based protein supplements in the US.
๐๐๐ญ ๐ ๐๐ฅ๐จ๐ฌ๐๐ซ ๐ฅ๐จ๐จ๐ค ๐๐ญ ๐ญ๐ก๐ ๐ ๐๐ฆ๐-๐๐ก๐๐ง๐ ๐ข๐ง๐ ๐ฉ๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ฌ๐ฎ๐๐๐๐ฌ๐ฌ :https://www.maximizemarketresearch.com/request-sample/63970/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฒ ๐๐ฉ๐๐๐ข๐๐ฌ ๐๐ฒ๐ฉ๐
Spirulina
Chlorella
Dunaliella Salina
Others
With the largest market share of 38% in 2023, the Spirulina segment led the global market for microalgae-based products. Over the course of the forecast period, the category is anticipated to continue to dominate the market and develop at a CAGR of 8.5%. Spirulina's special qualities-such as being a high source of protein, vitamins, minerals, and antioxidants-have led to its widespread use in natural and organic food products, including anti-inflammatory, sports nutrition, animal feed, and dietary supplements. This has significantly increased demand for spirulina, which in turn has fueled the growth of the market. The expansion of the segment is driven by their capacity to supply critical amino acids, copper, protein, carotenoids, iron, and vitamins.
๐๐ฒ ๐๐๐ญ๐๐ ๐จ๐ซ๐ฒ
Inorganic
Organic
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Food and Beverages
Animal feed
Cosmetics
Others
๐๐๐ญ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:https://www.maximizemarketresearch.com/market-report/global-microalgae-based-products-market/63970/
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)
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐๐ญ๐ฌ :
โฆ Global EV Platform Market https://www.maximizemarketresearch.com/market-report/global-ev-platform-market/71099/
โฆ Global Cloud Telephony Service Market https://www.maximizemarketresearch.com/market-report/global-cloud-telephony-service-market/26948/
โฆ North America Smart Fleet Management Market https://www.maximizemarketresearch.com/market-report/north-america-smart-fleet-management-market/3139/
โฆ Legal Technology Market https://www.maximizemarketresearch.com/market-report/legal-technology-market/215553/
โฆ Wedding Services Market https://www.maximizemarketresearch.com/market-report/wedding-services-market/229647/
โฆ Floriculture Market https://www.maximizemarketresearch.com/market-report/global-floriculture-market/23982/
โฆ Global Washing Machine Market https://www.maximizemarketresearch.com/market-report/washing-machine-market/14800/
โฆ Fruit Fillings Market https://www.maximizemarketresearch.com/market-report/fruit-fillings-market/198740/
โฆ Diamond Core Drilling Market https://www.maximizemarketresearch.com/market-report/diamond-core-drilling-market/199099/
โฆ Global Frozen Bakery Market https://www.maximizemarketresearch.com/market-report/global-frozen-bakery-market/23735/
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