The global microalgae market size was estimated to be US$ 710 million in 2020 and is expected to reach US$ 1.93 billion by 2031 at a CAGR of 9.6%. Microalgae is an exceptionally nutritious and rich origin of nutrients, for example, nutrient B12, A, B1, B6, C, B2 and E, just as minerals like calcium, potassium, magnesium, iodine, and iron.
Microalgae, otherwise called microphytes are microscopic planktons that are not visible to the naked human eye and are found in the silt of freshwater and marine ecosystem. Microalgae go about as a clarifying component in shampoos and are successful in eliminating buildup of styling items, excess of sebum, and numerous different impurities. Microalgae help in reducing chances of going bald by bringing down the aggravation created by bacterial diseases on the scalp. Microalgae stimulate the hair improvement, giving it a radiant sheen and a great deal of volumes. Microalgae are high in nutrients, minerals, and minor components, all of which help to fortify and reestablish hair texture and growth.
Microalgae contain high protein, which assists with fortifying hair roots. Chlorella is professed to improve the degree of keratin, which is the primary part of hair. It additionally contains sulfur, which speeds up the hair's development stage, bringing about shinier, longer, and more silky smooth hair.
Microalgae have considerable amount of nutrient A, nutrient C, nutrient E, just as Beta-carotene, making them a crucial component in pet food. Microalgae can assist with expanding your pet's hunger while likewise fortifying their immunity. Microalgae are likewise found to bring down pet death rates. Microalgae's positive attributes in pet food are moving the worldwide microalgae pet food industry forward currently.
Plant-based proteins can be considered currently one of the central source of protein for food and animal feed. Microalgae have arisen as a promising practical alternative protein source. The utilization of microalgae as a source of mass proteins is a generally late idea. Microalgae proteins might assume a fundamental part in group of worldwide protein needs as they have huge advantages over some other protein sources which are currently being used. When contrasted with animal based proteins, microalgae proteins require less land. When it comes to protein quality, chlorella and arthrospira contribute significantly, as the two species have the most ideal amino acids. Asia and North America at present lead the spirulina manufacturing while chlorella creation is generally done in warm environment of Asia. Lately, chlorella is created in Klotze plant, Germany.
The two species have amino acid arrangements that are like other conventional protein sources like eggs and soybeans. Protein bioavailability from entire microalgae may be improved by utilizing pre-treatments that upset cell dividers, which restrain damage. Along these lines, continuous innovative work is driving microalgae protein demand during the speculation period of 2023-2032.
Microalgae Market Value Share Analysis, by Geography (2022)
The report titled “Microalgae Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Microalgae Market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The Microalgae market is segmented as product type, microalgae strain, category, form, grade, application, distribution channel, and region. Based on product type, the Nucleases market is segmented into dunaliella salina, spirulina, chlorella and others. Based on microalgae strain, the Nucleases market is segmented into haematococcus pluvialis, phaeodactylum tricornutum, porphyridium cruentum, nannochloropsis and others. Based on category, the Nucleases market is segmented into organic, inorganic, others. Based on form, the Nucleases market is segmented into powder/dry, liquid, other. Based on grade, the Nucleases market is segmented into food grade, feed grade, fuel grade, cosmetics grade and others. Based on application, the Nucleases market is segmented into food & beverage, dietary supplements, pharmaceuticals, cosmetics & personal care, biofuel, inks, animal feed and others.
Based on geography, the Microalgae Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Microalgae Market. Further, market share of prominent companies in the Microalgae Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Nucleases companies. The Microalgae Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the Nucleases business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Microalgae Market.
The key players of the Microalgae Market are DSM, BIOPROCESS ALGAE, LLC., Cellana Inc., Corbion, Cyanotech Corporation, Henry Lamotte Oils GmbH, Algarithm, Algaecytes, Australian Spirulina, Algatech LTD, Lyxia, BASF SE, Corbion, E.I.D. - Parry (India) Limited, Kuehnle AgroSystems Inc., euglena Co., Ltd., AstaReal AB, Heliae Development, LLC, ALGISYS LLC, AlgaEnergy, ALGENOL, and others.
Microalgae Market Key Segments:
Based on product type
Based on microalgae strain
Based on category
Based on form
Based on grade
Based on application
The global Microalgae market was worth US$ 710 million in 2020.
The global Microalgae market is expected to register a CAGR of 9.6% by 2031.
North America is the prominent geography of Microalgae market.
The forecast period for the report is 2022-2032.
The key players profiled in this report include include DSM, BIOPROCESS ALGAE, LLC., Cellana Inc., Corbion, Cyanotech Corporation, Henry Lamotte Oils GmbH, Algarithm, Algaecytes, Australian Spirulina.
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