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North America Microalgae Market - Industry Trends and Forecast to 2028
- Published Date: September, 2022 | Report ID: CLS-92 | No of pages: 225 | Format:
North America microalgae market is projected to register a CAGR of 6.8% in the forecast period of 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:
North America 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), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2028
Some of the major factors contributing to the growth of North America microalgae market are:
Rising investments in microalgae production
Increasing awareness among consumers about health benefits of microalgae products
Market Players:
The key market players for North America microalgae market are listed below:
Cellana Inc.
DSM
BIOPROCESS ALGAE, LLC
Kuehnle AgroSystems
Corbion
ALGISYS LLC
E.I.D. - Parry (India) Limited
Algatech LTD
BASF SE
Algarithm
Cyanotech Corporation
Heliae Development, LLC
AlgaEnergy
ALGENOL
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 NORTH AMERICA 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 NORTH AMERICA MICROALGAE MARKET: BRAND ANALYSIS 57
4.4 NORTH AMERICA MICROALGAE MARKET: SUPPLY CHAIN ANALYSIS 64
GENERAL PATTERN OF SUPPLY CHAIN ANALYSIS FOR MICROALGAE 64
SUPPLY CHAIN DEMONSTRATING MANUFACTURERS AND DISTRIBUTORS 65
4.5 NORTH AMERICA 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 NORTH AMERICA 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 NORTH AMERICA 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 NORTH AMERICA MICROALGAE MARKET, BY CATEGORY 100
8.1 OVERVIEW 101
8.2 ORGANIC 104
8.3 INORGANIC 104
9 NORTH AMERICA MICROALGAE MARKET, BY FORM 106
9.1 OVERVIEW 107
9.2 POWDER/DRY 110
9.3 LIQUID 110
10 NORTH AMERICA 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 NORTH AMERICA 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 NORTH AMERICA MICROALGAE MARKET, BY DISTRIBUTION CHANNEL 133
12.1 OVERVIEW 134
12.2 DIRECT 137
12.3 INDIRECT 137
13 NORTH AMERICA MICROALGAE MARKET BY REGION 139
13.1 OVERVIEW 139
13.2 NORTH AMERICA 145
13.2.1 U.S. 153
13.2.2 CANADA 157
13.2.3 MEXICO 161
14 NORTH AMERICA MICROALGAE MARKET: COMPANY LANDSCAPE 165
14.1 COMPANY SHARE ANALYSIS: NORTH AMERICA 165
15 SWOT ANALYSIS 166
16 COMPANY PROFILE 167
16.1 BASF SE 167
16.1.1 COMPANY SNAPSHOT 167
16.1.2 COMPANY SHARE ANALYSIS 168
16.1.3 PORDUCT PORTFOLIO 169
16.1.4 REVENUE ANALYSIS 169
16.1.5 RECENT DEVELOPMENTS 169
16.2 ASTAREAL AB 171
16.2.1 COMPANY SNAPSHOT 171
16.2.2 COMPANY SHARE ANALYSIS 171
16.2.3 PRODUCT PORTFOLIO 172
16.2.4 RECENT DEVELOPMENTS 172
16.3 EUGLENA CO., LTD. 174
16.3.1 COMPANY SNAPSHOT 174
16.3.2 REVENUE ANALYSIS 174
16.3.3 COMPANY SHARE ANALYSIS 175
16.3.4 PRODUCT PORTFOLIO 175
16.3.5 RECENT DEVELOPMENTS 176
16.4 DSM 178
16.4.1 COMPANY SNAPSHOT 178
16.4.2 COMPANY SHARE ANALYSIS 178
16.4.3 REVENUE ANALYSIS 179
16.4.4 PRODUCT PORTFOLIO 179
16.4.5 RECENT DEVELOPMENTS 179
16.5 ALGENOL 181
16.5.1 COMPANY SNAPSHOT 181
16.5.2 PRODUCT PORTFOLIO 181
16.5.3 RECENT DEVELOPMENTS 181
16.6 HELIAE DEVELOPMENT, LLC 183
16.6.1 COMPANY SNAPSHOT 183
16.6.2 PRODUCT PORTFOLIO 183
16.6.3 RECENT DEVELOPMENTS 183
16.7 ALGAECYTES 186
16.7.1 COMPANY SNAPSHOT 186
16.7.2 PRODUCT PORTFOLIO 186
16.7.3 RECENT DEVELOPMENT 187
16.8 ALGAENERGY 188
16.8.1 COMPANY SNAPSHOT 188
16.8.2 PRODUCT PORTFOLIO 189
16.8.3 RECENT DEVELOPMENTS 189
16.9 ALGISYS LLC 192
16.9.1 COMPANY SNAPSHOT 192
16.9.2 PRODUCT PORTFOLIO 192
16.9.3 RECENT DEVELOPMENT 192
16.10 ALGATECH LTD 193
16.10.1 COMPANY SNAPSHOT 193
16.10.2 PORDUCT PORTFOLIO 193
16.10.3 RECENT DEVELOPMENT 193
16.11 ALGARITHM 196
16.11.1 COMPANY SNAPSHOT 196
16.11.2 PRODUCT PORTFOLIO 196
16.11.3 RECENT DEVELOPMENTS 197
16.12 AUSTRALIAN SPIRULINA 199
16.12.1 COMPANY SNAPSHOT 199
16.12.2 PRODUCT PORTFOLIO 199
16.12.3 RECENT DEVELOPMENT 200
16.13 BIOPROCESS ALGAE, LLC. 201
16.13.1 COMPANY SNAPSHOT 201
16.13.2 PRODUCT PORTFOLIO 201
16.13.3 RECENT DEVELOPMENTS 201
16.14 CELLANA INC. 203
16.14.1 COMPANY SNAPSHOT 203
16.14.2 PORDUCT PORTFOLIO 203
16.14.3 RECENT DEVELOPMENTS 203
16.15 CORBION 206
16.15.1 COMPANY SNAPSHOT 206
16.15.2 REVENUE ANALYSIS 206
16.15.3 PRODUCT PORTFOLIO 207
16.15.4 RECENT DEVELOPMENTS 207
16.16 CYANOTECH CORPORATION 209
16.16.1 COMPANY SNAPSHOT 209
16.16.2 REVENUE ANALYSIS 209
16.16.3 PRODUCT PORTFOLIO 210
16.16.4 RECENT DEVELOPMENTS 210
16.17 E.I.D. - PARRY (INDIA) LIMITED 212
16.17.1 COMPANY SNAPSHOT 212
16.17.2 REVENUE ANALYSIS 212
16.17.3 RECENT DEVELOPMENTS 213
16.18 HENRY LAMOTTE OILS GMBH 214
16.18.1 COMPANY SNAPSHOT 214
16.18.2 PRODUCT PORTFOLIO 214
16.18.3 RECENT DEVELOPMENT 215
16.19 KUEHNLE AGROSYSTEMS 216
16.19.1 COMPANY SNAPSHOT 216
16.19.2 PRODUCT PORTFOLIO 216
16.19.3 RECENT DEVELOPMENTS 216
16.20 LYXIA 218
16.20.1 COMPANY SNAPSHOT 218
16.20.2 PRODUCT PORTFOLIO 218
16.20.3 RECENT DEVELOPMENTS 219
17 QUESTIONNAIRE 221
18 RELATED REPORTS 225
Segmentation
Short Description
North America 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), Country (U.S., Canada, Mexico) 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, 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 North America microalgae market are listed below:
Cellana Inc.
DSM
BIOPROCESS ALGAE, LLC
Kuehnle AgroSystems
Corbion
ALGISYS LLC
E.I.D. - Parry (India) Limited
Algatech LTD
BASF SE
Algarithm
Cyanotech Corporation
Heliae Development, LLC
AlgaEnergy
ALGENOL
Methodology
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