Microalgae Market Estimated to Grow at a CAGR of 8.7% from 2018 to 2023 - Axiom MRC

Axiom Market Research & Consulting added a report on “GLOBAL MICROALGAE MARKET, BY TYPE, APPLICATION AND GEOGRAPHY – MARKET TRENDS, MARKET SHARE, INDUSTRY ANALYSIS AND FORECAST UP TO 2023”.

Axiom MRC estimated the compound annual growth rate of Global Microalgae Market to be 8.7% during the forecast period 2018 to 2023. The global market is segmented on the basis of Type of Algae, Applications and Country/ Geography. By type of algae, the market is segmented as Spirulina, Chlorella, Dunaliella and Others. The major applications of the microalgae market are dietary supplements, food and animal feed and others (bio fuel etc.). The report includes market size estimation (in terms of revenue in USD million) and volume of consumption of microalgae (in terms of Tonnes).

The report covers regions/countries such as North America (USA, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Chile and others) and Middle East and Africa. Key companies considered in the microalgae market are DIC Corporation, Cyanotech Corporation, Algaetech Group, TAAU Australia, Fuqing King Dnarmsa Spirulina, Shengbada Biology, CBN, Green-A, Parry Nutraceuticals , Hydrolina Biotech, Spirin , Chenghai Bao ER and among others.

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