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Global Microalgae Market - Industry Trends and Forecast to 2028
- Published Date: September, 2022 | Report ID: CLS-88 | No of pages: 377 | Format:
Global microalgae market is projected to register a healthy CAGR of 6.9% 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:
Global Microalgae Market, By Product Type (Dunaliella Salina, 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, Cosmetics Grade and Others), Application (Food & Beverage, Dietary Supplements, Pharmaceuticals, Cosmetics & Personal Care, Bio-Fuel, Inks, Animal Feed and Others), Distribution Channel (Indirect and Direct),CountryCountry (U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Belgium, Rest of Europe, Japan, China, Australia, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Peru, Rest of South America, Saudi Arabia, South Africa, UAE, Kuwait, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Some of the major factors contributing to the growth of microalgae market are:
Increasing interest of biodiesel feedstocks among researchers and entrepreneurs
High demand of plant derived proteins
Market Players:
The key market players for global microalgae market are listed below:
Cellana Inc.
DSM
BIOPROCESS ALGAE, LLC.
Corbion
Algarithm
Cyanotech Corporation
Henry Lamotte Oils GmbH
Algaecytes
Australian Spirulina
Algatech LTD
Lyxia
BASF SE
Corbion
E.I.D. - Parry (India) Limited
Kuehnle AgroSystems Inc.
ALGISYS LLC
euglena Co., Ltd
Heliae Development, LLC
AlgaEnergy
ALGENOL
AstaReal AB
TABLE OF CONTENT
TABLE OF CONTENTS
1 INTRODUCTION 31
1.1 OBJECTIVES OF THE STUDY 31
1.2 MARKET DEFINITION 31
1.3 OVERVIEW OF GLOBAL MICROALGAE MARKET 31
1.4 CURRENCY AND PRICING 33
1.5 LIMITATIONS 33
1.6 MARKETS COVERED 34
2 MARKET SEGMENTATION 37
2.1 MARKETS COVERED 37
2.2 GEOGRAPHICAL SCOPE 38
2.3 YEARS CONSIDERED FOR THE STUDY 39
2.4 DBMR TRIPOD DATA VALIDATION MODEL 40
2.5 MULTIVARIATE MODELING 43
2.6 PRODUCT TYPE LIFELINE CURVE 44
2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 45
2.8 DBMR MARKET POSITION GRID 46
2.9 VENDOR SHARE ANALYSIS 47
2.10 MARKET END USER COVERAGE GRID 48
2.11 SECONDARY SOURCES 49
2.12 ASSUMPTIONS 49
3 EXECUTIVE SUMMARY 50
4 PREMIUM INSIGHT 54
4.1 MICROALGAE PRODUCTION PROCESS 56
4.2 PATENT ANALYSIS 58
4.3 GLOBAL MICROALGAE MARKET: BRAND ANALYSIS 60
4.4 GLOBAL MICROALGAE MARKET: SUPPLY CHAIN ANALYSIS 67
GENERAL PATTERN OF SUPPLY CHAIN ANALYSIS FOR MICROALGAE 67
SUPPLY CHAIN DEMONSTRATING MANUFACTURERS AND DISTRIBUTORS 68
4.5 GLOBAL MICROALGAE MARKET: VALUE CHAIN ANALYSIS 69
5 MARKET OVERVIEW 71
5.1 DRIVERS 73
5.1.1 INCREASING AWARENESS AMONG CONSUMERS ABOUT HEALTH BENEFITS OF MICROALGAE PRODUCTS 73
5.1.2 TECHNOLOGICAL AND SCIENTIFIC INNOVATIONS AND DEVELOPMENTS 73
5.1.3 MULTIPLE INDUSTRY COVERAGE 74
5.1.4 HIGH DEMAND OF PLANT-DERIVED PROTEINS 76
5.1.5 INCREASING USE OF MICROALGAE-BASED PRODUCT IN NUTRITIONAL AND MEDICINAL APPLICATIONS 77
5.2 RESTRAINTS 78
5.2.1 SIDE-EFFECTS RELATED TO MICROALGAE PRODUCTS 78
5.2.2 HIGH PRODUCTION COST 79
5.2.3 CLIMATIC CHANGES 80
5.3 OPPORTUNITIES 81
5.3.1 RISING INVESTMENTS IN MICROALGAE PRODUCTION 81
5.3.2 STRATEGIC INITIATIVES BY MARKET PLAYERS 82
5.3.3 GROWING UP OF NEW MARKETS BASED ON PRODUCTS DERIVED FROM MICROALGAL BIOMASS 83
5.3.4 INCREASING INTEREST OF BIODIESEL FEEDSTOCKS AMONG RESEARCHERS AND ENTREPRENEURS 83
5.4 CHALLENGES 84
5.4.1 HARVESTING AND PROCESSING OF MICROALGAE 84
5.4.2 STRATEGIC REGULATIONS RELATED TO MICROALGAE 85
5.4.3 LIMITATION OF DOWNSTREAM MARKET 86
6 GLOBAL MICROALGAE MARKET, BY PRODUCT TYPE 88
6.1 OVERVIEW 89
6.2 SPIRULINA 92
6.3 CHLORELLA 92
6.4 DUNALIELLA SALINA 93
6.5 OTHERS 94
7 GLOBAL MICROALGAE MARKET, BY MICROALGAE STRAIN 95
7.1 OVERVIEW 96
7.2 HAEMATOCOCCUS PLUVIALIS 99
7.3 PHAEODACTYLUM TRICORNUTUM 99
7.4 PORPHYRIDIUM CRUENTUM 100
7.5 NANNOCHLOROPSIS 101
7.6 OTHERS 101
8 GLOBAL MICROALGAE MARKET, BY CATEGORY 103
8.1 OVERVIEW 104
8.2 ORGANIC 107
8.3 INORGANIC 107
9 GLOBAL MICROALGAE MARKET, BY FORM 109
9.1 OVERVIEW 110
9.2 POWDER/DRY 113
9.3 LIQUID 113
10 GLOBAL MICROALGAE MARKET, BY GRADE 115
10.1 OVERVIEW 116
10.2 FOOD GRADE 119
10.3 COSMETIC GRADE 119
10.4 FEED GRADE 120
10.5 FUEL GRADE 121
10.6 OTHERS 122
11 GLOBAL MICROALGAE MARKET, BY APPLICATION 123
11.1 OVERVIEW 124
11.2 DIETARY SUPPLEMENTS 127
11.2.1 POWDER 128
11.2.2 CAPSULE 128
11.2.3 SOFT GELS 128
11.2.4 OTHERS 128
11.3 COSMETICS & PERSONAL CARE 128
11.3.1 SKIN CARE 129
11.3.2 HAIR CARE 129
11.3.3 OTHERS 129
11.4 FOOD & BEVERAGES 129
11.4.1 BAKERY & CONFECTIONERY 130
11.4.2 BEVERAGES 131
11.4.3 INFANT FORMULA 131
11.4.4 DAIRY PRODUCTS 131
11.4.5 MEAT & POULTRY PRODUCTS 131
11.4.6 SNACKS 131
11.4.7 RTE MEALS 131
11.5 PHARMACEUTICAL 131
11.6 ANIMAL FEED 132
11.6.1 RUMINANT 133
11.6.2 SWINE 133
11.6.3 POULTRY 133
11.6.4 AQUACULTURE 133
11.7 BIO-FUEL 133
11.8 INKS 134
11.9 OTHERS 135
12 GLOBAL MICROALGAE MARKET, BY DISTRIBUTION CHANNEL 136
12.1 OVERVIEW 137
12.2 DIRECT 140
12.3 INDIRECT 140
13 GLOBAL MICROALGAE MARKET BY REGION 142
13.1 OVERVIEW 142
13.2 NORTH AMERICA 148
13.2.1 U.S. 156
13.2.2 CANADA 160
13.2.3 MEXICO 164
13.3 EUROPE 168
13.3.1 U.K. 177
13.3.2 FRANCE 181
13.3.3 SPAIN 185
13.3.4 GERMANY 189
13.3.5 ITALY 193
13.3.6 NETHERLAND 197
13.3.7 SWITZERLAND 201
13.3.8 BELGIUM 205
13.3.9 RUSSIA 209
13.3.10 TURKEY 213
13.3.11 REST OF EUROPE 217
13.4 ASIA-PACIFIC 218
13.4.1 CHINA 226
13.4.2 JAPAN 230
13.4.3 INDIA 234
13.4.4 AUSTRALIA 238
13.4.5 SOUTH KOREA 242
13.4.6 THAILAND 246
13.4.7 SINGAPORE 250
13.4.8 INDONESIA 254
13.4.9 MALAYSIA 258
13.4.10 PHILIPPINES 262
13.4.11 REST OF ASIA-PACIFIC 266
13.5 MIDDLE EAST & AFRICA 267
13.5.1 SOUTH AFRICA 276
13.5.2 SAUDI ARABIA 280
13.5.3 UAE 284
13.5.4 KUWAIT 288
13.5.5 REST OF MIDDLE EAST & AFRICA 292
13.6 SOUTH AMERICA 293
13.6.1 BRAZIL 301
13.6.2 COLOMBIA 305
13.6.3 PERU 309
13.6.4 REST OF SOUTH AMERICA 313
14 GLOBAL MICROALGAE MARKET: COMPANY LANDSCAPE 314
14.1 COMPANY SHARE ANALYSIS: GLOBAL 314
14.2 COMPANY SHARE ANALYSIS: NORTH AMERICA 315
14.3 COMPANY SHARE ANALYSIS: EUROPE 316
14.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 317
15 SWOT ANALYSIS 318
16 COMPANY PROFILE 319
16.1 BASF SE 319
16.1.1 COMPANY SNAPSHOT 319
16.1.2 COMPANY SHARE ANALYSIS 320
16.1.3 PORDUCT PORTFOLIO 321
16.1.4 REVENUE ANALYSIS 321
16.1.5 RECENT DEVELOPMENTS 321
16.2 ASTAREAL AB 323
16.2.1 COMPANY SNAPSHOT 323
16.2.2 COMPANY SHARE ANALYSIS 323
16.2.3 PRODUCT PORTFOLIO 324
16.2.4 RECENT DEVELOPMENTS 324
16.3 EUGLENA CO., LTD. 326
16.3.1 COMPANY SNAPSHOT 326
16.3.2 REVENUE ANALYSIS 326
16.3.3 COMPANY SHARE ANALYSIS 327
16.3.4 PRODUCT PORTFOLIO 327
16.3.5 RECENT DEVELOPMENTS 328
16.4 DSM 330
16.4.1 COMPANY SNAPSHOT 330
16.4.2 COMPANY SHARE ANALYSIS 330
16.4.3 REVENUE ANALYSIS 331
16.4.4 PRODUCT PORTFOLIO 331
16.4.5 RECENT DEVELOPMENTS 331
16.5 ALGENOL 333
16.5.1 COMPANY SNAPSHOT 333
16.5.2 PRODUCT PORTFOLIO 333
16.5.3 RECENT DEVELOPMENTS 333
16.6 HELIAE DEVELOPMENT, LLC 335
16.6.1 COMPANY SNAPSHOT 335
16.6.2 PRODUCT PORTFOLIO 335
16.6.3 RECENT DEVELOPMENTS 335
16.7 ALGAECYTES 338
16.7.1 COMPANY SNAPSHOT 338
16.7.2 PRODUCT PORTFOLIO 338
16.7.3 RECENT DEVELOPMENT 339
16.8 ALGAENERGY 340
16.8.1 COMPANY SNAPSHOT 340
16.8.2 PRODUCT PORTFOLIO 341
16.8.3 RECENT DEVELOPMENTS 341
16.9 ALGISYS LLC 344
16.9.1 COMPANY SNAPSHOT 344
16.9.2 PRODUCT PORTFOLIO 344
16.9.3 RECENT DEVELOPMENT 344
16.10 ALGATECH LTD 345
16.10.1 COMPANY SNAPSHOT 345
16.10.2 PORDUCT PORTFOLIO 345
16.10.3 RECENT DEVELOPMENT 345
16.11 ALGARITHM 348
16.11.1 COMPANY SNAPSHOT 348
16.11.2 PRODUCT PORTFOLIO 348
16.11.3 RECENT DEVELOPMENTS 349
16.12 AUSTRALIAN SPIRULINA 351
16.12.1 COMPANY SNAPSHOT 351
16.12.2 PRODUCT PORTFOLIO 351
16.12.3 RECENT DEVELOPMENT 352
16.13 BIOPROCESS ALGAE, LLC. 353
16.13.1 COMPANY SNAPSHOT 353
16.13.2 PRODUCT PORTFOLIO 353
16.13.3 RECENT DEVELOPMENTS 353
16.14 CELLANA INC. 355
16.14.1 COMPANY SNAPSHOT 355
16.14.2 PORDUCT PORTFOLIO 355
16.14.3 RECENT DEVELOPMENTS 355
16.15 CORBION 358
16.15.1 COMPANY SNAPSHOT 358
16.15.2 REVENUE ANALYSIS 358
16.15.3 PRODUCT PORTFOLIO 359
16.15.4 RECENT DEVELOPMENTS 359
16.16 CYANOTECH CORPORATION 361
16.16.1 COMPANY SNAPSHOT 361
16.16.2 REVENUE ANALYSIS 361
16.16.3 PRODUCT PORTFOLIO 362
16.16.4 RECENT DEVELOPMENTS 362
16.17 E.I.D. - PARRY (INDIA) LIMITED 364
16.17.1 COMPANY SNAPSHOT 364
16.17.2 REVENUE ANALYSIS 364
16.17.3 RECENT DEVELOPMENTS 365
16.18 HENRY LAMOTTE OILS GMBH 366
16.18.1 COMPANY SNAPSHOT 366
16.18.2 PRODUCT PORTFOLIO 366
16.18.3 RECENT DEVELOPMENT 367
16.19 KUEHNLE AGROSYSTEMS 368
16.19.1 COMPANY SNAPSHOT 368
16.19.2 PRODUCT PORTFOLIO 368
16.19.3 RECENT DEVELOPMENTS 368
16.20 LYXIA 370
16.20.1 COMPANY SNAPSHOT 370
16.20.2 PRODUCT PORTFOLIO 370
16.20.3 RECENT DEVELOPMENTS 371
17 QUESTIONNAIRE 373
18 RELATED REPORTS 377
Segmentation
Short Description
Global Microalgae Market, By Product Type (Dunaliella Salina, 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, Cosmetics Grade and Others), Application (Food & Beverage, Dietary Supplements, Pharmaceuticals, Cosmetics & Personal Care, Bio-Fuel, Inks, Animal Feed and Others), Distribution Channel (Indirect and Direct),CountryCountry (U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Belgium, Rest of Europe, Japan, China, Australia, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Peru, Rest of South America, Saudi Arabia, South Africa, UAE, Kuwait, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Definition:
Microalgae are microscopic algae which are also called single celled algae. They can either live in independently or in the form of colonies. These are photosynthetic microorganisms that reside in freshwater or salty water. According to their species, they can vary in size and shape whose size ranges from micrometers to hundred micrometers. The main function of microalgae is that it converts the sunlight, carbon dioxide and water into algal biomass.
Market Segmentation:
The microalgae market is segmented on the basis of the product type, microalgae strain, category, form, grade, and application and distribution channel.
On the basis of product type, the microalgae market is segmented into dunaliella salina, 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, biofuel, inks, animal feed and others
Market Players
The key market players for microalgae market are listed below:
Cellana Inc.
DSM
BIOPROCESS ALGAE, LLC.
Corbion
Algarithm
Cyanotech Corporation
Henry Lamotte Oils GmbH
Algaecytes
Australian Spirulina
Algatech LTD
Lyxia
BASF SE
Corbion
E.I.D. - Parry (India) Limited
Kuehnle AgroSystems Inc.
ALGISYS LLC
euglena Co., Ltd
Heliae Development, LLC
AlgaEnergy
ALGENOL
AstaReal AB
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