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- Asia Pacific Microalgae Market
Asia-Pacific Microalgae Market - Industry Trends and Forecast to 2028
- Published Date: September, 2022 | Report ID: CLS-89 | No of pages: 254 | Format:
Asia-Pacific microalgae market is projected to register a healthy CAGR of 7.6% in the forecast period of 2021 to 2028. The new market report contains data for the historic year 2019, the base year of calculation is 2020 and the forecast period is 2021 to 2028.
Market Segmentation
Asia-Pacific Microalgae Market, By Product Type (Dunaliella Salin, Spirulina, Chlorella, and Others), Microalgae Strain (Haematococcus Pluvialis, Phaeodactylum Tricornutum, Porphyridium Cruentum, Nannochloropsis and Others), Category (Organic and Inorganic), Form (Powder/Dry and Liquid), Grade (Food Grade, Feed Grade, Fuel Grade, Cosmetic Grade and Others), Application (Food & Beverages, Dietary Supplements, Pharmaceuticals, Cosmetics & Personal Care, Biofuel, Inks, Animal Feed and Others), Distribution Channel (Indirect and Direct), Country (Japan, China, Australia, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines and Rest of Asia-Pacific) Industry Trends and Forecast to 2028
Some of the major factors contributing to the growth of the microalgae market are:
Multiple industry coverage.
Increasing use of microalgae based product in nutritional and medicinal applications.
Market Players
The key market players for the microalgae market are listed below:
Cellana Inc.,
DSM
Cyanotech Corporation
Australian Spirulina
Algatech LTD
Lyxia,
BASF SE
Corbion
E.I.D. - Parry (India) Limited
euglena Co., Ltd.
AlgaEnergy
TABLE OF CONTENT
TABLE OF CONTENTS
1 INTRODUCTION 30
1.1 OBJECTIVES OF THE STUDY 30
1.2 MARKET DEFINITION 30
1.3 OVERVIEW OF ASIA-PACIFIC MICROALGAE MARKET 30
1.4 CURRENCY AND PRICING 32
1.5 LIMITATIONS 32
1.6 MARKETS COVERED 33
2 MARKET SEGMENTATION 36
2.1 MARKETS COVERED 36
2.2 GEOGRAPHICAL SCOPE 37
2.3 YEARS CONSIDERED FOR THE STUDY 38
2.4 DBMR TRIPOD DATA VALIDATION MODEL 39
2.5 MULTIVARIATE MODELING 42
2.6 PRODUCT TYPE LIFELINE CURVE 43
2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 44
2.8 DBMR MARKET POSITION GRID 45
2.9 VENDOR SHARE ANALYSIS 46
2.10 MARKET END USER COVERAGE GRID 47
2.11 SECONDARY SOURCES 48
2.12 ASSUMPTIONS 48
3 EXECUTIVE SUMMARY 49
4 PREMIUM INSIGHT 52
4.1 MICROALGAE PRODUCTION PROCESS 53
4.2 PATENT ANALYSIS 55
4.3 ASIA-PACIFIC MICROALGAE MARKET: BRAND ANALYSIS 57
4.4 ASIA-PACIFIC MICROALGAE MARKET: SUPPLY CHAIN ANALYSIS 64
GENERAL PATTERN OF SUPPLY CHAIN ANALYSIS FOR MICROALGAE 64
SUPPLY CHAIN DEMONSTRATING MANUFACTURERS AND DISTRIBUTORS 65
4.5 ASIA-PACIFIC MICROALGAE MARKET: VALUE CHAIN ANALYSIS 66
5 MARKET OVERVIEW 68
5.1 DRIVERS 70
5.1.1 INCREASING AWARENESS AMONG CONSUMERS ABOUT HEALTH BENEFITS OF MICROALGAE PRODUCTS 70
5.1.2 TECHNOLOGICAL AND SCIENTIFIC INNOVATIONS AND DEVELOPMENTS 70
5.1.3 MULTIPLE INDUSTRY COVERAGE 71
5.1.4 HIGH DEMAND OF PLANT-DERIVED PROTEINS 73
5.1.5 INCREASING USE OF MICROALGAE-BASED PRODUCT IN NUTRITIONAL AND MEDICINAL APPLICATIONS 74
5.2 RESTRAINTS 75
5.2.1 SIDE-EFFECTS RELATED TO MICROALGAE PRODUCTS 75
5.2.2 HIGH PRODUCTION COST 76
5.2.3 CLIMATIC CHANGES 77
5.3 OPPORTUNITIES 78
5.3.1 RISING INVESTMENTS IN MICROALGAE PRODUCTION 78
5.3.2 STRATEGIC INITIATIVES BY MARKET PLAYERS 79
5.3.3 GROWING UP OF NEW MARKETS BASED ON PRODUCTS DERIVED FROM MICROALGAL BIOMASS 80
5.3.4 INCREASING INTEREST OF BIODIESEL FEEDSTOCKS AMONG RESEARCHERS AND ENTREPRENEURS 80
5.4 CHALLENGES 81
5.4.1 HARVESTING AND PROCESSING OF MICROALGAE 81
5.4.2 STRATEGIC REGULATIONS RELATED TO MICROALGAE 82
5.4.3 LIMITATION OF DOWNSTREAM MARKET 83
6 ASIA-PACIFIC MICROALGAE MARKET, BY PRODUCT TYPE 85
6.1 OVERVIEW 86
6.2 SPIRULINA 89
6.3 CHLORELLA 89
6.4 DUNALIELLA SALINA 90
6.5 OTHERS 91
7 ASIA-PACIFIC MICROALGAE MARKET, BY MICROALGAE STRAIN 92
7.1 OVERVIEW 93
7.2 HAEMATOCOCCUS PLUVIALIS 96
7.3 PHAEODACTYLUM TRICORNUTUM 96
7.4 PORPHYRIDIUM CRUENTUM 97
7.5 NANNOCHLOROPSIS 98
7.6 OTHERS 98
8 ASIA-PACIFIC MICROALGAE MARKET, BY CATEGORY 100
8.1 OVERVIEW 101
8.2 ORGANIC 104
8.3 INORGANIC 104
9 ASIA-PACIFIC MICROALGAE MARKET, BY FORM 106
9.1 OVERVIEW 107
9.2 POWDER/DRY 110
9.3 LIQUID 110
10 ASIA-PACIFIC MICROALGAE MARKET, BY GRADE 112
10.1 OVERVIEW 113
10.2 FOOD GRADE 116
10.3 COSMETIC GRADE 116
10.4 FEED GRADE 117
10.5 FUEL GRADE 118
10.6 OTHERS 119
11 ASIA-PACIFIC MICROALGAE MARKET, BY APPLICATION 120
11.1 OVERVIEW 121
11.2 DIETARY SUPPLEMENTS 124
11.2.1 POWDER 125
11.2.2 CAPSULE 125
11.2.3 SOFT GELS 125
11.2.4 OTHERS 125
11.3 COSMETICS & PERSONAL CARE 125
11.3.1 SKIN CARE 126
11.3.2 HAIR CARE 126
11.3.3 OTHERS 126
11.4 FOOD & BEVERAGES 126
11.4.1 BAKERY & CONFECTIONERY 127
11.4.2 BEVERAGES 128
11.4.3 INFANT FORMULA 128
11.4.4 DAIRY PRODUCTS 128
11.4.5 MEAT & POULTRY PRODUCTS 128
11.4.6 SNACKS 128
11.4.7 RTE MEALS 128
11.5 PHARMACEUTICAL 128
11.6 ANIMAL FEED 129
11.6.1 RUMINANT 130
11.6.2 SWINE 130
11.6.3 POULTRY 130
11.6.4 AQUACULTURE 130
11.7 BIO-FUEL 130
11.8 INKS 131
11.9 OTHERS 132
12 ASIA-PACIFIC MICROALGAE MARKET, BY DISTRIBUTION CHANNEL 133
12.1 OVERVIEW 134
12.2 DIRECT 137
12.3 INDIRECT 137
13 ASIA-PACIFIC MICROALGAE MARKET BY REGION 139
13.1 OVERVIEW 139
13.2 ASIA-PACIFIC 145
13.2.1 CHINA 153
13.2.2 JAPAN 157
13.2.3 INDIA 161
13.2.4 AUSTRALIA 165
13.2.5 SOUTH KOREA 169
13.2.6 THAILAND 173
13.2.7 SINGAPORE 177
13.2.8 INDONESIA 181
13.2.9 MALAYSIA 185
13.2.10 PHILIPPINES 189
13.2.11 REST OF ASIA-PACIFIC 193
14 ASIA-PACIFIC MICROALGAE MARKET: COMPANY LANDSCAPE 194
14.1 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 194
15 SWOT ANALYSIS 195
16 COMPANY PROFILE 196
16.1 BASF SE 196
16.1.1 COMPANY SNAPSHOT 196
16.1.2 COMPANY SHARE ANALYSIS 197
16.1.3 PORDUCT PORTFOLIO 198
16.1.4 REVENUE ANALYSIS 198
16.1.5 RECENT DEVELOPMENTS 198
16.2 ASTAREAL AB 200
16.2.1 COMPANY SNAPSHOT 200
16.2.2 COMPANY SHARE ANALYSIS 200
16.2.3 PRODUCT PORTFOLIO 201
16.2.4 RECENT DEVELOPMENTS 201
16.3 EUGLENA CO., LTD. 203
16.3.1 COMPANY SNAPSHOT 203
16.3.2 REVENUE ANALYSIS 203
16.3.3 COMPANY SHARE ANALYSIS 204
16.3.4 PRODUCT PORTFOLIO 204
16.3.5 RECENT DEVELOPMENTS 205
16.4 DSM 207
16.4.1 COMPANY SNAPSHOT 207
16.4.2 COMPANY SHARE ANALYSIS 207
16.4.3 REVENUE ANALYSIS 208
16.4.4 PRODUCT PORTFOLIO 208
16.4.5 RECENT DEVELOPMENTS 208
16.5 ALGENOL 210
16.5.1 COMPANY SNAPSHOT 210
16.5.2 PRODUCT PORTFOLIO 210
16.5.3 RECENT DEVELOPMENTS 210
16.6 HELIAE DEVELOPMENT, LLC 212
16.6.1 COMPANY SNAPSHOT 212
16.6.2 PRODUCT PORTFOLIO 212
16.6.3 RECENT DEVELOPMENTS 212
16.7 ALGAECYTES 215
16.7.1 COMPANY SNAPSHOT 215
16.7.2 PRODUCT PORTFOLIO 215
16.7.3 RECENT DEVELOPMENT 216
16.8 ALGAENERGY 217
16.8.1 COMPANY SNAPSHOT 217
16.8.2 PRODUCT PORTFOLIO 218
16.8.3 RECENT DEVELOPMENTS 218
16.9 ALGISYS LLC 221
16.9.1 COMPANY SNAPSHOT 221
16.9.2 PRODUCT PORTFOLIO 221
16.9.3 RECENT DEVELOPMENT 221
16.10 ALGATECH LTD 222
16.10.1 COMPANY SNAPSHOT 222
16.10.2 PORDUCT PORTFOLIO 222
16.10.3 RECENT DEVELOPMENT 222
16.11 ALGARITHM 225
16.11.1 COMPANY SNAPSHOT 225
16.11.2 PRODUCT PORTFOLIO 225
16.11.3 RECENT DEVELOPMENTS 226
16.12 AUSTRALIAN SPIRULINA 228
16.12.1 COMPANY SNAPSHOT 228
16.12.2 PRODUCT PORTFOLIO 228
16.12.3 RECENT DEVELOPMENT 229
16.13 BIOPROCESS ALGAE, LLC. 230
16.13.1 COMPANY SNAPSHOT 230
16.13.2 PRODUCT PORTFOLIO 230
16.13.3 RECENT DEVELOPMENTS 230
16.14 CELLANA INC. 232
16.14.1 COMPANY SNAPSHOT 232
16.14.2 PORDUCT PORTFOLIO 232
16.14.3 RECENT DEVELOPMENTS 232
16.15 CORBION 235
16.15.1 COMPANY SNAPSHOT 235
16.15.2 REVENUE ANALYSIS 235
16.15.3 PRODUCT PORTFOLIO 236
16.15.4 RECENT DEVELOPMENTS 236
16.16 CYANOTECH CORPORATION 238
16.16.1 COMPANY SNAPSHOT 238
16.16.2 REVENUE ANALYSIS 238
16.16.3 PRODUCT PORTFOLIO 239
16.16.4 RECENT DEVELOPMENTS 239
16.17 E.I.D. - PARRY (INDIA) LIMITED 241
16.17.1 COMPANY SNAPSHOT 241
16.17.2 REVENUE ANALYSIS 241
16.17.3 RECENT DEVELOPMENTS 242
16.18 HENRY LAMOTTE OILS GMBH 243
16.18.1 COMPANY SNAPSHOT 243
16.18.2 PRODUCT PORTFOLIO 243
16.18.3 RECENT DEVELOPMENT 244
16.19 KUEHNLE AGROSYSTEMS 245
16.19.1 COMPANY SNAPSHOT 245
16.19.2 PRODUCT PORTFOLIO 245
16.19.3 RECENT DEVELOPMENTS 245
16.20 LYXIA 247
16.20.1 COMPANY SNAPSHOT 247
16.20.2 PRODUCT PORTFOLIO 247
16.20.3 RECENT DEVELOPMENTS 248
17 QUESTIONNAIRE 250
18 RELATED REPORTS 254
Segmentation
Short Description
Asia-Pacific Microalgae Market, By Product Type (Dunaliella Salin, Spirulina, Chlorella, and Others), Microalgae Strain (Haematococcus Pluvialis, Phaeodactylum Tricornutum, Porphyridium Cruentum, Nannochloropsis and Others), Category (Organic and Inorganic), Form (Powder/Dry and Liquid), Grade (Food Grade, Feed Grade, Fuel Grade, Cosmetic Grade and Others), Application (Food & Beverages, Dietary Supplements, Pharmaceuticals, Cosmetics & Personal Care, Biofuel, Inks, Animal Feed and Others), Distribution Channel (Indirect and Direct), Country (Japan, China, Australia, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines and Rest of Asia-Pacific) Industry Trends and Forecast to 2028
Market Definition
Algae are considered as photosynthetic organisms that have the ability to grow in lakes, rivers, pounds, freshwater, oceans, and wastewater. Algae are classified into two types: macroalgae and microalgae. Microalgae are microscopic unicellular cells which can be prokaryotic (cyanobacteria), or eukaryotic (green algae). They are rich in carbon which is used in the production of biofuels, food & health supplements, pharmaceuticals, cosmetics, and many more. The biproducts of microalgae are lipids, pigments, vitamins, bioactive compounds, proteins, and many others. Now-a-days microalgae are mostly used due to its advantages such as they are renewable and sustainable feedstock for biofuels production.
Market Segmentation
The microalgae products market is categorized into seven segments which are based on the basis of product type, microalgae strain, category, form, grade, application and distribution channel.
On the basis of product type, the microalgae market is segmented into dunaliella salin, spirulina, chlorella, and others.
On the basis of microalgae strain, the microalgae market is segmented into haematococcus pluvialis, phaeodactylum tricornutum, porphyridium cruentum, nannochloropsis, and others.
On the basis of category, the microalgae market is segmented into organic and inorganic.
On the basis of form, the microalgae market is segmented into powder/dry and liquid.
On the basis of grade, the microalgae market is segmented into food grade, feed grade, fuel grade, cosmetics grade, and others.
On the basis of application, the microalgae market is segmented into food & beverage, dietary supplements, pharmaceuticals, cosmetics & personal care, bio-fuel, inks, animal feed and others.
On the basis of distribution channel, the microalgae market is segmented into indirect and direct.
Market Players
The key market players for the microalgae market are listed below:
Cellana Inc.,
DSM
Cyanotech Corporation
Australian Spirulina
Algatech LTD
Lyxia,
BASF SE
Corbion
E.I.D. - Parry (India) Limited
euglena Co., Ltd.
AlgaEnergy
Methodology
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