openPR Logo
Press release

Microalgae-based Products Market Forecast - 2031: Estimated Market Size, Major Drivers and Lucrative Segments - By Transparency Market Research

05-30-2025 03:32 PM CET | Health & Medicine

Press release from: Transparency Market Research

Microalgae-based Products Market

Microalgae-based Products Market

Microalgae-based products encompass a wide range of bioproducts derived from microscopic algae, including spirulina, chlorella, astaxanthin, and other carotenoids. These products find extensive applications in food & beverages, nutraceuticals, personal care, pharmaceuticals, and biofuels. Valued at approximately US$ 2.4 billion in 2022, the global microalgae-based products market is projected to reach US$ 4.3 billion by 2031, expanding at a CAGR of 6.7% during the forecast period.

Get a concise overview of key insights from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=54039

The market growth is driven by increasing demand for sustainable and natural bio-based products, growing consumer awareness of health benefits associated with microalgae, and rising investments in renewable energy alternatives such as biofuels derived from microalgae. The expanding use of microalgae in nutraceuticals and dietary supplements due to their rich nutritional profile is also fueling market expansion.

Analysts' Viewpoint

Experts emphasize strong growth prospects for the microalgae-based products market, propelled by rising consumer preference for organic and sustainable products across diverse sectors. Innovations in cultivation and harvesting technologies, coupled with regulatory support for bio-based fuels, are key growth enablers. Nevertheless, challenges like high production costs and scalability issues could restrain rapid adoption. Leading companies are focusing on research and strategic partnerships to develop novel microalgae strains and value-added products to capture larger market share.

Market Drivers
Growing Demand for Sustainable and Eco-friendly Products

Increasing environmental concerns and regulatory policies worldwide are encouraging the adoption of microalgae-derived products as alternatives to synthetic chemicals and fossil fuels.

Rising Use in Nutraceuticals and Dietary Supplements

Microalgae's rich content of proteins, antioxidants, vitamins, and essential fatty acids positions it as a favored ingredient in health supplements, driving demand in developed and emerging markets.

Expansion in Biofertilizers and Biofuels

The ability of microalgae to fix nitrogen and improve soil fertility supports its growing use in biofertilizers, while the push towards renewable energy sources enhances biofuel applications.

Access detailed insights by visiting our full report -
https://www.transparencymarketresearch.com/microalgae-based-products-market.html

Product Segmentation
By Product Type

Spirulina: Widely used for its high protein and antioxidant content.

Chlorella: Popular in dietary supplements and personal care.

Dunaliella Salina: Primary source of beta-carotene.

Astaxanthin: A powerful antioxidant for nutraceutical and cosmetic applications.

Beta-carotene: Used as a natural colorant and nutrient.

PUFA Fatty Acid: Essential fatty acids for pharmaceuticals and nutrition.

Lutein: Important for eye health supplements.

Others: Including fucoxanthin, phycocyanin, and more.

Application Segmentation
Food & Beverages

Personal Care

Nutraceuticals & Dietary Supplements

Pharmaceuticals

Chemicals

Fuel

Animal Feed

Others

Regional Outlook
Europe dominates the market owing to strong investments in microalgae research and the renewable energy sector.

Asia Pacific is expected to witness rapid growth driven by rising consumer awareness, increasing health supplement demand, and growing biofuel initiatives in countries such as China, India, and Japan.

Latin America, Middle East & Africa are emerging regions benefitting from expanding bio-based product adoption and increasing government support.

Competitive Landscape
The microalgae-based products market is fragmented, with prominent players focusing on product innovation, capacity expansion, and strategic collaborations. Key companies include:

Cyanotech Corporation

Cargill, Inc.

EID Parry (India) Ltd.

euglena Co., Ltd.

AstaReal Group

BlueBioTech International GmbH

Far East Bio-Tec Co., Ltd.

Cellana Inc.

Ocean Nutrition

Algae Health Sciences - A BGG Company

Earthrise Nutritional

NOW

Necton

Algae International Berhad (AIB)

Proalgen Biotech Ltd.

Recent developments, such as BGG World's expansion of microalgae farms in 2023 and AstaReal's NOVASTA product launch in Europe in 2021, underscore innovation and growth momentum in this sector.

Future Outlook
The microalgae-based products market is poised for robust growth owing to:

Increasing consumer preference for natural and sustainable ingredients.

Technological advancements in algae cultivation and processing.

Rising biofuel demand as countries pursue renewable energy targets.

Expansion in emerging economies with rising disposable incomes.

Strategic collaborations and mergers that will drive innovation and market penetration.

Buy this Premium Research Report and explore vital industry trends -
https://www.transparencymarketresearch.com/checkout.php?rep_id=54039<ype=S

FAQs
Q1: What are microalgae-based products used for?
A: Microalgae-based products are utilized across food & beverages, nutraceuticals, pharmaceuticals, personal care, biofuels, and agriculture.

Q2: What factors are driving market growth?
A: Drivers include sustainability trends, increasing nutraceutical demand, renewable energy focus, and technological innovations.

Q3: What is the expected market value by 2031?
A: The market is forecasted to reach US$ 4.3 billion by 2031, growing at a CAGR of 6.7%.

Q4: Which region leads the market?
A: Europe currently leads, while Asia Pacific is expected to register the highest growth.

Q5: Who are the key players?
A: Key players include Cyanotech Corporation, Cargill, EID Parry, euglena Co., and AstaReal Group, among others.

Explore Latest Research Reports by Transparency Market Research:

Silage Film Market - https://www.transparencymarketresearch.com/silage-film-market-report.html

Topological Insulators Market - https://www.transparencymarketresearch.com/topological-insulators-market.html

Tri-structural Isotropic Fuel Market - https://www.transparencymarketresearch.com/tri-structural-isotropic-fuel-market.html

Valeric Acid Market - https://www.transparencymarketresearch.com/valeric-acid-market.html

Water-soluble Polymers Market - https://www.transparencymarketresearch.com/water-soluble-polymers.html

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube

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 Forecast - 2031: Estimated Market Size, Major Drivers and Lucrative Segments - By Transparency Market Research here

News-ID: 4045066 • Views:

More Releases from Transparency Market Research

Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 - Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth. Uncover essential discoveries and trends from
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Radiopharmaceuticals to Propel Market Expansion | Transparency Market Research, Inc
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth. Discover essential conclusions and data from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100 Analysts' Viewpoint The Technetium‐99m
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to US$ 280 Million by 2030, Driven by Rising Equine Diseases and Diagnostic Advancements
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of 6.1%
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,

All 5 Releases


More Releases for Microalgae

Technological Advancements Driving Innovation In Microalgae Market Trend: A Cruc …
What market dynamics are playing a key role in accelerating the growth of the microalgae market? The continuous growth of the microalgae market is anticipated to be driven by the burgeoning demand for functional foods. These nutritional foods offer health-related benefits surpassing those of ordinary nutrition. The popularity of these superfoods is spurred on by greater health consciousness, an increasing emphasis on pre-emptive healthcare, and a shared desire for ingredients with
Microalgae Market Size, Share, & Forecast 2030
[Redding, California - Feb 09, 2024] - Meticulous Research®, a renowned global market research leader, unveils its latest research report titled, 'Microalgae Market by Type (Spirulina, Chlorella, Dunaliella Salina, Nannochloropsis), Production Technique (Ponds, Fermenters, PBR), Distribution Channel (B2C, B2B), Application (Nutraceuticals, Food and Beverages), and Geography - Global Forecast to 2030'. Download Sample Report https://www.meticulousresearch.com/download-sample-report/cp_id=5197 In this groundbreaking publication, Meticulous Research® forecasts the microalgae market to achieve a remarkable valuation
Microalgae Magic: A Ten-Year Outlook on Microalgae in the Health and Medical Sec …
Market Outlook: The Microalgae in the health and medical sector Market envisions a decade of transformative innovation and sustainable solutions, presenting a promising outlook from 2023 to 2033. Recognized for its nutritional richness and diverse applications, microalgae are poised to play a pivotal role in addressing health and medical challenges. This period anticipates significant growth as microalgae unlock new possibilities in pharmaceuticals, nutraceuticals, and medical research, positioning themselves as a magic
Microalgae Market Worth $3.08 Billion by 2030
Meticulous Research®-a leading global market research company, published a research report titled 'Microalgae Market by Type (Spirulina, Chlorella, Dunaliella Salina, Nannochloropsis), Production Technique (Ponds, Fermenters, PBR), Distribution Channel (B2C, B2B), Application (Nutraceuticals, Food and Beverages), and Geography - Global Forecast to 2030'. Download Sample Report https://www.meticulousresearch.com/download-sample-report/cp_id=5197 According to this latest publication from Meticulous Research®, based on value, the microalgae market is projected to reach $3.08 billion by 2030, at a
Global Microalgae Market Outlook 2022 | Valuates Reports
Microalgae Market The global Microalgae market was valued at US$ 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. Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-25D49/Global_Microalgae_Market_Outlook_2022 Microalgae Market Share China is the largest market with about 49% market share. North America is follower, accounting for about 24% market share. The key players are DIC Corporation, Cyanotech Corporation, Algaetech Group, TAAU Australia, Fuqing
Alfa Chemistry Launched Microalgae Powder Services
On October 24, 2019, Alfa Chemistry announced that it has launched microalgae powder production services. Alfa Chemistry is a high-tech company specializing in the cultivation of microalgae powder and the production of related natural extracts. It has obtained more than 75 patents in the breeding, cultivation, processing and extraction of microalgae, serving customers in the feed, food, nutraceutical and pharmaceutical sectors. At present, the annual production capacity of Alfa Chemistry's microalgae