Microalgae Market Growth to Record CAGR of 6.4% up to 2030
Microalgae are simple cell structure that needs some requirement for their growth, such as light, water, carbon dioxide and nutrients such as nitrogen and phosphorus. Microalgae growth under these requirements with optimum climatic conditions can be 5-10 times more than conventional crops.
According to a new report published by Data Bridge Market Research, titled, “Microalgae Market,” The Microalgae market size is estimated to reach $ 1,394.95 Million by 2030, growing at a CAGR of 6.4% from 2022 to 2030.
MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Scope & Size
Chapter Three: Market Analysis & Insight
Chapter Four: Market Regional Level Analysis
Chapter Five: Market Share Analysis
Chapter Six: Market Key Players
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https://www.databridgemarketresearch.com/toc/?dbmr=global-microalgae-market
Some of the key questions answered in this report:
How has the MICROALGAE performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the MICROALGAE?
- What are the key regional markets?
- What are the key driving factors and challenges in the industry?
- What is the structure of the MICROALGAE and who are the key players?
MICROALGAE Scope and Market Size
- Based on type, the microalgae market is segmented into chlaspirulina, chlorella, haematococcus pluvialis, dunaliella salina, isochrysis, phaeodactylum tricornutum, chlamydomonas cruentum, nannochloropsis and others.
- Based on category, the microalgae market is segmented into organic and inorganic.
- Based on form, the microalgae market is segmented into powder/dry and liquid.
- Based on grade, the microalgae market is segmented into food grade, cosmetic grade, feed grade, fuel grade and others.
- Based on application, the microalgae market is segmented into dietary supplements, cosmetics & personal, food & beverages, pharmaceuticals, animal feed, bio-fuel, inks and others.
- Based on distribution channel, the microalgae market is segmented into direct and indirect.
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Market Analysis and Insights: MICROALGAE
- Data Bridge Market Research analyses that the market is growing with a CAGR of 6.4% in the forecast period of 2023 to 2030 and is expected to reach USD 1,394.95 million by 2030.
MICROALGAE – Regional Level Analysis
- North America is expected to dominate the global microalgae market due to increasing awareness among consumers about the health benefits of microalgae products and multiple industry coverage. An increase in demand for microalgae products and an increase in research and development activities in nutraceutical industries are also expected to drive the market in the forecasted period.
MICROALGAE – Share Analysis:
- The microalgae market competitive landscape provides details of the competitors. Details include company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth and application dominance. The above data points are only related to the companies focus on the global microalgae market.
Key player – MICROALGAE
- Some of the major players operating in this market are Cellana Inc., DSM, BIOPROCESS ALGAE, LLC., 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, among others.
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https://www.databridgemarketresearch.com/reports/global-microalgae-market
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