Microalgae-Based Products Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Microalgae-Based Products Market is projected to reach US$ 2,811.10 million by 2027 from US$ 1,547.23 million in 2020; it is expected to grow at a CAGR of 7% from 2021 to 2027. 

Microalgae are microscopic algae, also called unicellular algae. They can live independently or in colony form. These are photosynthetic microorganisms that live in fresh or salt water. Depending on the species, they can vary in size and shape, ranging in size from micrometers to hundreds of micrometers. The main function of microalgae is to convert sunlight, carbon dioxide and water into algal biomass.

Market Segments

Microalgae-based Products Market by Product

• Spirulina
• Chlorella
• Astaxanthin
• Beta Carotene
• PUFA Fatty Acid
• Lutein
• Others (including Phycobiliproteins, Zeaxanthin, and Lycopene)

Microalgae-based Products Market by Application

• Food & Beverages
• Personal Care
• Nutraceuticals & Dietary Supplements
• Pharmaceuticals
• Chemicals
• Fuel
• Animal Feed
• Others (including Fertilizers)

Key Players

A few prominent players operating in the global microalgae-based products market are Algae Health Sciences – A BGG company; Bluebiotech International Gmbh; Cargill, Incorporated; Cellana Inc.; Earthrise Nutritionals, LLC; E.I.D. – Parry (India) Limited; Cyanotech Corporation; Euglena Co., Ltd.; Far East Bio-Tec Co., Ltd; and AstaReal. 

Scope of the Report

The research study analyzes the global Microalgae-Based Products industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Microalgae-Based Products Market Report

1. What was the Microalgae-Based Products Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Microalgae-Based Products Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Microalgae-Based Products Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.