Microalgae Strategic Business Report 2024: Market To Grow By $600 Million By 2030 - Emerging Into The Spotlight As The Biofuel Of The Future

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Aug. 01, 2024 (GLOBE NEWSWIRE) -- The "Microalgae - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Microalgae is estimated at US$1.2 Billion in 2023 and is projected to reach US$1.8 Billion by 2030, growing at a CAGR of 5.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the microalgae market is driven by several factors, including technological advances in algae cultivation and processing, increased awareness of the health benefits associated with microalgae-based products, and a rising commitment to sustainable practices. Innovations such as enhanced photobioreactor designs and genetic engineering to optimize algae strains have significantly increased yield and cost-effectiveness, making microalgae a more viable option in various markets. The growing consumer inclination towards plant-based nutrition and natural products has bolstered the demand for microalgae in the food, supplement, and cosmetic industries.
Additionally, the global shift towards sustainable energy sources has spotlighted microalgae as a promising biofuel, further driving market expansion. These factors, combined with supportive government policies promoting environmental sustainability, ensure that the microalgae industry continues to scale and diversify, meeting the needs of a greener future.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Microalgae Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Microalgae Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Spirulina segment, which is expected to reach US$790.0 Million by 2030 with a CAGR of a 6.6%. The Chlorella segment is also set to grow at 5.0% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $315.1 Million in 2023, and China, forecasted to grow at an impressive 6.8% CAGR to reach $331.5 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Algatechnologies Ltd., AstaReal AB, AstaReal Holdings Co., Ltd., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Key Attributes:

Report Attribute	Details
No. of Pages	526
Forecast Period	2023 - 2030
Estimated Market Value (USD) in 2023	$1.2 Billion
Forecasted Market Value (USD) by 2030	$1.8 Billion
Compound Annual Growth Rate	5.8%
Regions Covered	Global

MARKET OVERVIEW

• Microalgae - Global Key Competitors Percentage Market Share in 2024 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (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: Global CO2 Emissions (In Billion Metric Tons) for Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, & 2020
• Sustainable Investments to Emerge Into an Unstoppable Force in the Coming Decade: Global Investments in Sustainability (In US$ Billion) for Years 2015, 2018, 2020 and 2022
• 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: Global Market for Algae Biotechnology (In US$ Billion) for Years 2021, 2023, 2025 and 2027
• Global Economic Outlook
• Microalgae: A Quick Primer
• Recent Market Activity
• Innovations
• World Brands

MARKET TRENDS & DRIVERS

• 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
• 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.
• AstaReal AB
• AstaReal Holdings Co., Ltd.
• Aurora mScope
• Aller Aqua Group
• Beijing Gingko Group
• AlgaeCytes Limited
• Algae Health Sciences, Inc.
• Algenuity
• Bardakci Tarim Gida Ic ve Dis Tic. Ltd. Sti. (Bata Food)
• Agcore Technologies
• AlgaeArt Smart
• Algama
• Alver
• A4f, Alga Fuel,S.A.

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• Global Microalgae Market

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