Press release
Algae Market - Global Industry Analysis and Forecast | 2024
The global algae market is developing at a gradual pace around the world, with a number of algae oil production facilities yet to be fully commercialized. Growing concerns regarding the emission of greenhouse gases have driven the adoption of renewable energy sources, algae being a prominent one. Apart from a rising demand for algae-based biofuels in road, marine, and aviation applications, the plastics industry has also upped its demand for algae to produce biodegradable plastics.
Browse Market Research Report: http://www.transparencymarketresearch.com/algae-market.html
The global algae market was valued at US$608.0 mn in 2015 and is projected to reach US$1.1 bn by 2024, at a CAGR of 7.39% therein. In terms of volume, the market is poised to expand at a 5.32% CAGR between 2016 and 2024.
Low Investment Requirements Drive Adoption of Open Pond Cultivation Technology
In terms of cultivation technology, the algae market has been classified into open ponds cultivation technology, raceway ponds cultivation technology, closed photo bio-reactors, and closed fermenter systems. On a global scale, more than 80% of algal biomass is generated through open pond cultivation technology. Open pond cultivation systems require low investment and as a result are utilized on a larger scale.
However, in recent years, established players such as Algae Tec and Solazyme, Inc. have been investing more on emerging cultivation technologies such as closed photo bioreactors and fermenter systems for better productivity under the close monitoring of automated systems.
Closed photo bio-reactors are an emerging technology used to promote biological growth by controlling environmental parameters such as light. The only disadvantages presented by this technology are high capital costs and long payback periods.
Surge in Algae Cultivation in North America a Key Contributing Factor
In terms of geography, the global algae market comprises North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. In 2015, North America led the global algae market. Countries such as the U.S., Canada, and Mexico house more than 135 companies engaged in algae cultivation and this is a key factor driving the algae market in the region. The North America algae market is single-handedly driven by the U.S., constituting around 86.4% of the market by volume and around 87.6% by value in 2016. The U.S. is anticipated to dominate the algae market through 2024 thanks to the expansion of production facilities and efforts to overcome the demand-supply gap. The North America algae market is considerably more mature than other regional markets such as Europe, Asia Pacific, Latin America, and MEA.
Get accurate market forecast and analysis on the Algae market. Request a sample to stay abreast on the key trends impacting this market @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=14804
Countries in Asia Pacific are focusing on algal biotechnology in wastewater bioremediation and CO2 capture and utilization. Asia Pacific hosts five of the top 10 carbon emitters in the world –India, China, Japan, Indonesia, and Iran – who contribute to more than 40% of the global emissions. Strong movements are under way to fully commercialize the production of biofuels from algae. Currently, more than 50% of the algae produced through various cultivation technologies are utilized in DHA production to manufacture chemical components for medicines, health foods, cosmetics, and food additives.
Key players in the global algae market include Algae Tec, Pond Biofuels Incorporated, LiveFuels, Inc., Algae Systems LLC, Sapphire Energy, Inc., Solazyme, Inc., Diversified Energy Corporation, Algenol, Kai BioEnergy Corp., Algix, DSM Nutritional Products, Dao Energy, LLC, Phycal LLC, and Kent BioEnergy Corporation.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact Us
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
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 Algae Market - Global Industry Analysis and Forecast | 2024 here
News-ID: 687615 • Views: …
More Releases from Transparency Market Research
Caustic Soda Market Size Forecast to USD 65.6 Billion by 2036 with Expanding App …
Caustic Soda Market Outlook 2036
The global caustic soda market was valued at US$ 46.0 Billion in 2025 and is projected to reach US$ 65.6 Billion by 2036, expanding at a steady CAGR of 3.2% from 2026 to 2036. Market growth is driven by increasing demand from the pulp & paper industry, rising alumina production, expanding chemical manufacturing activities, and growing applications in water treatment and textiles.
👉 Get your sample market…
Global Baby Diaper Market Outlook 2036: Industry to Reach US$ 75.1 Billion by 20 …
The global baby diaper market was valued at US$ 44.5 Bn in 2025 and is projected to reach US$ 75.1 Bn by 2036, expanding at a steady CAGR of 4.9% from 2026 to 2036. This consistent upward trajectory reflects the essential nature of diapers in infant hygiene and the growing consumer preference for high-performance and convenient baby care products.
In 2025, North America accounted for 42.1% of the global revenue share,…
Rare Earth Metals Market to be Worth USD 30.9 Bn by 2036 - By Metal Type / By Ap …
The rare earth metals market has evolved from a niche industrial segment into a strategically critical global industry. In 2025, the market stood at US$ 14.1 Billion, driven primarily by increasing deployment of electric vehicles (EVs), renewable energy systems, defense electronics, and advanced industrial machinery.
Review critical insights and findings from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=823
By 2036, the market is expected to nearly double to US$ 30.9 Billion, supported by…
Soy and Milk Protein Ingredients Market to Reach USD 67.0 Billion by 2036 Amid R …
The global Soy and Milk Protein Ingredients Market is witnessing significant momentum as consumers increasingly prioritize high-protein diets, functional nutrition, and clean-label ingredients. With the surge in plant-based alternatives, sports nutrition products, and fortified food offerings, soy and milk protein ingredients have become critical components across multiple industries including food & beverages, pharmaceuticals, animal nutrition, and personal care.
The global Soy and Milk Protein Ingredients Market is projected to reach US$…
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 Portable…
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 what…
Algae Protein Market 2023 Strategic Assessment - DIC, Japan Algae, Parry Nutrace …
(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 of…
Algae Products Market by Type (Spirulina, Chlorella, Astaxanthin, Beta Carotene, …
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 was…
2022 Biotechnology Algae Cultivation (Micro Algae) Market | Detailed Report
The research reports on “Biotechnology Algae Cultivation (Micro Algae) Market” 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.
Download…
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.…
