Global Microalgae Strategic Business Report 2023: Market to Reach $1.6 Billion by 2030 - Microalgae Emerges Into the Spotlight as the Biofuel of the Future

DUBLIN, March 27, 2023 /PRNewswire/ -- The "Microalgae: Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

Global Microalgae Market to Reach $1.6 Billion by 2030

The global market for Microalgae estimated at US$1 Billion in the year 2022, is projected to reach a revised size of US$1.6 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2022-2030.

Spirulina, one of the segments analyzed in the report, is projected to record a 6.5% CAGR and reach US$706.2 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Chlorella segment is readjusted to a revised 4.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $299.9 Million, While China is Forecast to Grow at 6.8% CAGR

The Microalgae market in the U.S. is estimated at US$299.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$331.5 Million by the year 2030 trailing a CAGR of 6.8% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 5.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Topics Covered:

MARKET OVERVIEW

• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Urgency of Ensuring Sustainability & Robust Investments in Algal Biotechnology as a Means to Achieve the Goal Provides the Foundation for Growth
• Sustainability Becomes More Important than Ever. Here's Why
• The Time to Get Our Act Together & Move Towards a Circular Bioeconomy Has Come
• Sustainable Investments to Emerge Into an Unstoppable Force in the Coming Decade
• Interest Deepens in Algal Biotechnology as a Potent Tool for Establishing a Circular Bioeconomy
• After Years of Neglect, The Current Focus on Sustainability is Bringing Algae Biotechnology Back Into the Spotlight
• Microalgae: A Quick Primer
• Recent Market Activity
• Innovations
• World Brands

MARKET TRENDS & DRIVERS

• Robust Outlook for Nutraceuticals Strengthened by Pandemic Induced Focus on Immunity Drives Opportunities for Algae as Supplements and Nutritional/Functional Food Sources
• Nutraceuticals Market Outlook
• Increasing Familiarity With & Confidence in Nutraceuticals Primes the Market for Acceptance of Algae Based Food & Supplements
• Marine Nutraceuticals in the Spotlight
• Expanding Population, Rising Food Security & Increasing Consumption of Meat Drive Popularity of Microalgae as Feed Ingredients for Livestock Production
• Rise in Animal Meat Production Drives Demand for Feed Fortification by Algae Among Livestock Farmers
• Ban on Use of Antibiotics Drives Demand for Microalgal-Based Feed
• Increasing Animal Feed Sources with Algae: A Review
• Growing Popularity of Non-Animal Based Protein Bodes Well for the Rise of Algae Proteins
• Rising Carbon Footprint of Animal Agriculture Leads to Shift in Consumer Preference for Non-Animal Based Protein Alternatives
• A Growing Market for Protein Alternatives Expands the Addressable Market Opportunity for Algae Proteins
• Microalgae in the Food Industry is Poised for Healthy Growth
• Microalgae Emerges Into the Spotlight as the Biofuel of the Future
• Biodiesel Outlook in the Wake of Decarburization Efforts
• Robust Growth Projected for Biodiesel Brightens the Outlook for Algae Biofuel: Global Market for Biofuel (In US$ Billion) for Years 2020, 2022, 2024 & 2026
• Growing Consensus that the Widely Adopted Biofuel Strategy to Reduce Vehicle Emission in Reality Is a Mistake, Drives Interest in Algae Biofuel
• Algae Based Biofuel Storms into a Spotlight With the Promise of Remedying the Situation
• Algae Based Inks Emerges as the Future of Inks
• Here's What is Going on the Field of Algae Based Inks
• Strong Demand for Eco-Friendly Ink from the Packaging Industry Bodes Well for Growth in this Segment
• Algae Cosmetics Promises to Slice Through the Lucrative Cosmetics Industry Supported by the Trend Towards Natural Ingredients
• Consumers Switching to Natural & Organic Cosmetics Lead Manufacturers to Explore the Potential of Using Algae in Cosmetics
• Algae's Role the Future of the Global Beauty Industry: A Review
• Robust Demand for Pharmaceutical Drugs Expands Algae & Microalgae Applications in Drug Formulations
• More Drugs Being Manufactured Means More Opportunities for the Use of Algae in Medicines & Drug Development
• Algae in Medicine: A Review

FOCUS ON SELECT PLAYERS (Total 184 Featured)

• Algatechnologies Ltd.
• Allmicroalgae - Natural Products, SA
• Beijing Gingko Group
• Bluetec Naturals Co., Ltd
• C.B.N.Bioengineering Co., Ltd.
• Cyanotech Corporation
• DIC Corporation
• DSM N.V.
• E.I.D. - Parry (India) Limited
• Earthrise Nutritionals LLC
• Fuji Chemical Industries Co., Ltd.
• Fuqing King Dnarmsa Spirulina Co., Ltd.
• Jiangshan Comp Spirulina Co., Ltd.
• Naturex S.A
• Novozymes A/S
• NOW Health Group, Inc.
• Phycom
• Taiwan Chlorella Manufacturing Company
• Yunnan Green A Biological Project Co., Ltd.
• Zhejiang Binmei Biotechnology Co.,Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/kzhffz

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