Press release
Microalgae-based Products Market Trends, Share, Size, Growth, Opportunity and Forecast to 2031
The microalgae-based products market is anticipated to witness significant growth at a CAGR of 5.7% and top a valuation of US$ 5 Bn by 2031, as per latest insights by Persistence Market Research. Global population is expected to reach 9.8 Bn by 2050, and thus, the amount of food produced must double to meet the needs of this population. Fulfilling the protein needs of a huge population is a key aspect.To remain 'ahead' of your competitors, request for a Sample@https://www.persistencemarketresearch.com/samples/22360
Proteins derived from microalgae have complete essential amino acid (EAA) profiles, and their protein content is higher than conventional sources such as meat, poultry, and dairy products. Its high protein content leads to huge potential to meet the dietary requirements of a rapidly-growing population.
Besides being a rich source of protein, presence of various bio-active components in microalgae-based products gives added health benefits in food. Microalgae-based products are added to candies, gums, snacks, pastes, noodles, breakfast cereals, wines, and beverages for enhancing their functional value.
Key Takeaways from Market Study
The microalgae-based products market in South Asia and East Asia is anticipated to expand at CAGRs of 7.8% and 6.8%, respectively, over the forecast period of 2021-2031.
However, North America and Europe dominate the market with market shares of 28.8% and 27.9%, respectively.
Sales for microalgae-based products through Lutein, a type of seaweed, are expected to reach US$ 954 Mn by 2031.
The dietary supplements & pharmaceuticals segment accounts for the largest market share; however, the animal feed & aquaculture segment is anticipated to incur a significant value CAGR of 4.8% with rising demand for more nutritious feed products.
China and Australia hold significant market shares for microalgae-based products in East Asia and Oceania, respectively.
The COVID-19 pandemic has had a significant influence on the market for microalgae-based products. However, growing demand for healthy and nutritious food products and dietary supplements is anticipated to lead to market recovery in the near term.
For critical insights on this market, request for customization here@https://www.persistencemarketresearch.com/request-customization/22360
Competitive Landscape
Microalgae-based product manufacturers are focusing on innovation, research, and development to produce high-quality confectionery items. Key players are anticipated to expand their product ranges through multiple innovations.
In 2018, Parry Nutraceuticals expanded its microalgae plant business through a joint venture with Synthite Industries. With an investment of US$ 6.5 Mn, the joint venture was formed to establish a new plant for the extraction of organic spirulina for functional food, dietary supplements, and medical foods.
In 2018, Swiss-based multinational flavour and fragrance manufacturer Givaudan acquired 40% share of Naturex S.A. This transaction was part of the company's plan to strengthen its capabilities in natural flavour solutions.
In September 2019, NOW Health Group, Inc. acquired the SuperNutrition brand to increase its product offerings and expand globally.
For in-depth competitive analysis, buy now@https://www.persistencemarketresearch.com/checkout/22360
Read More Trending "PMR Exclusive Article"
Global Market Study on Edible Insects for Animal Feed: https://www.persistencemarketresearch.com/market-research/edible-insects-for-animal-feed-market.asp
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About us:
Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Microalgae-based Products Market Trends, Share, Size, Growth, Opportunity and Forecast to 2031 here
News-ID: 2670302 • Views: …
More Releases from Persistence Market Research
Smart Door Lock Market Anticipated to Hit USD 9.89 Billion by 2032
The global smart door lock market is experiencing transformative growth as consumer demand for security, convenience, and smart home integration intensifies. The market size is projected to increase from US$ 3,059.7 Mn in 2025 to US$ 9,890.6 Mn by 2032, registering a robust CAGR of 18.3% during the forecast period. Rising concerns about home and workplace security, combined with rapid technological innovations, are fueling the adoption of smart door locks.…
Diisononyl Phthalate Market to Reach US$4.6 Bn by 2031 Driven by Rising Demand i …
The global Diisononyl Phthalate (DINP) market is undergoing a steady expansion, shaped by evolving industrial applications, regulatory dynamics, and technological innovations in plasticizers. As a key phthalate plasticizer, DINP is predominantly used in the production of flexible polyvinyl chloride (PVC) products. Its superior durability, flexibility, and resistance to weathering make it indispensable across a wide range of industries, from construction and automotive to consumer goods.
According to the latest study by…
Propylene Carbonate Market to Reach US$468.2 Mn by 2031, Driven by Rising Demand …
The global propylene carbonate market is entering a promising growth phase, fueled by rising demand across multiple industries, particularly in electronics, automotive, and paints & coatings. Propylene carbonate, a highly versatile organic compound, is widely recognized for its exceptional solvent properties, biodegradability, and low toxicity, making it a preferred choice in green chemistry applications.
According to the latest study by Persistence Market Research, the market is expected to grow from US$275.5…
Flexible Electronics Market Anticipated to Hit USD 5,880.6 Million by 2030
The Global Flexible Electronics Market is forecasted to expand at a CAGR of 11.4%, increasing from a value of US$ 2,762.0 million in 2023 to US$ 5,880.6 million by 2030. Flexible electronics is transforming the conventional electronics industry by integrating lightweight, bendable, and conformable devices into everyday life. These technologies are being widely adopted across consumer electronics, healthcare, automotive, and wearable technology sectors, promising increased portability, efficiency, and user-friendly designs.
Elevate…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031.
Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,…
