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Microalgae-Based Products Industry Growth: From USD 13.25 Bn in 2023 to USD 23.01 Bn

01-21-2025 11:12 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Microalgae Based Products Market

Microalgae Based Products Market

๐Œ๐ข๐œ๐ซ๐จ๐š๐ฅ๐ ๐š๐ž-๐๐š๐ฌ๐ž๐ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

The global microalgae-based products market was valued at USD 13.25 Billion in 2023 and is projected to grow at a CAGR of 8.2% from 2024 to 2030, reaching USD 23.01 Billion by the end of the forecast period. The market is driven by increasing applications in food and beverages, pharmaceuticals, cosmetics, and biofuels, coupled with a growing emphasis on sustainability and health-conscious consumption.

๐Œ๐ข๐œ๐ซ๐จ๐š๐ฅ๐ ๐š๐ž-๐๐š๐ฌ๐ž๐ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam's market for microalgae-based products is growing due to the increasing adoption of algae in aquaculture feed and pharmaceuticals. Companies like ๐‚๐จ๐ซ๐›๐ข๐จ๐ง are collaborating with local producers to strengthen their presence and promote sustainable algae farming practices. Government initiatives supporting biotechnology research further enhance market potential.

๐„๐ฑ๐œ๐ข๐ญ๐ž๐ ๐ญ๐จ ๐๐ข๐ฏ๐ž ๐ข๐ง? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฎ๐ง๐œ๐จ๐ฏ๐ž๐ซ ๐ข๐ญ๐ฌ ๐œ๐จ๐ง๐ญ๐ž๐ง๐ญ๐ฌ:https://www.maximizemarketresearch.com/request-sample/63970/

๐Œ๐ข๐œ๐ซ๐จ๐š๐ฅ๐ ๐š๐ž-๐๐š๐ฌ๐ž๐ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand's focus on organic and natural products is driving demand for microalgae-based solutions, especially in the cosmetics and health supplement sectors. ๐€๐ฅ๐ ๐š๐ญ๐ž๐œ๐ก has partnered with Thai companies to expand the distribution of algae-derived carotenoids. Thailand's flourishing wellness tourism industry adds to market growth.

๐Œ๐ข๐œ๐ซ๐จ๐š๐ฅ๐ ๐š๐ž-๐๐š๐ฌ๐ž๐ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

Japan's advanced technological landscape and consumer preference for innovative health products make it a key market for microalgae-based products. ๐…๐ฎ๐ฃ๐ข ๐‚๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐ž๐ฌ has been at the forefront of developing algae-based nutraceuticals. The integration of microalgae in functional foods and beverages presents significant opportunities.

๐Œ๐ข๐œ๐ซ๐จ๐š๐ฅ๐ ๐š๐ž-๐๐š๐ฌ๐ž๐ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐‚๐ก๐ข๐ง๐š

China's vast market potential is driven by its increasing use of microalgae in animal feed, biofuels, and nutritional supplements. Companies like ๐ˆ๐ง๐ง๐ž๐ซ ๐Œ๐จ๐ง๐ ๐จ๐ฅ๐ข๐š ๐‘๐ž๐ฃ๐ฎ๐ฏ๐ž ๐๐ข๐จ๐ญ๐ž๐œ๐ก are investing in R&D to develop high-value microalgae products. Mergers and partnerships with global firms are further consolidating the market.

๐Œ๐ข๐œ๐ซ๐จ๐š๐ฅ๐ ๐š๐ž-๐๐š๐ฌ๐ž๐ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea's market for microalgae-based products is supported by its focus on sustainable food sources and advanced biotechnology research. ๐‹๐† ๐‚๐ก๐ž๐ฆ has introduced algae-based biofuels and bioplastics to cater to industrial demand. The government's investments in green technologies further bolster the market.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐ž๐ž๐ค ๐ข๐ง๐ฌ๐ข๐๐ž? ๐†๐ซ๐š๐› ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ:https://www.maximizemarketresearch.com/request-sample/63970/

๐Œ๐ข๐œ๐ซ๐จ๐š๐ฅ๐ ๐š๐ž-๐๐š๐ฌ๐ž๐ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore's strategic focus on food security and sustainability creates a fertile ground for microalgae-based innovations. Collaborations between ๐’๐€๐๐ˆ๐‚ and local research institutions have led to advancements in algae-derived bioplastics. The rising popularity of plant-based alternatives also supports market expansion.

๐Œ๐ข๐œ๐ซ๐จ๐š๐ฅ๐ ๐š๐ž-๐๐š๐ฌ๐ž๐ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’

The US leads the global market for microalgae-based products, driven by the demand for vegan protein, biofuels, and cosmetics. Companies like ๐‡๐ž๐ฅ๐ข๐š๐ž ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ and ๐€๐ฅ๐ ๐ž๐ง๐จ๐ฅ ๐๐ข๐จ๐ญ๐ž๐œ๐ก are introducing advanced technologies to scale production. Federal support for renewable energy projects adds momentum to the market.

๐Œ๐ข๐œ๐ซ๐จ๐š๐ฅ๐ ๐š๐ž-๐๐š๐ฌ๐ž๐ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe's microalgae-based products market is characterized by stringent environmental regulations and a strong focus on sustainability. Companies like ๐ƒ๐’๐Œ are innovating with algae-derived omega-3 fatty acids for dietary supplements. The region's emphasis on reducing carbon emissions aligns with the adoption of algae-based biofuels.

๐Š๐ž๐ฒ ๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

๐‚๐จ๐ซ๐›๐ข๐จ๐ง partnered with Vietnamese algae farms to promote sustainable production.
๐€๐ฅ๐ ๐š๐ญ๐ž๐œ๐ก expanded its carotenoid product line in the Thai wellness market.
๐…๐ฎ๐ฃ๐ข ๐‚๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐ž๐ฌ introduced algae-based functional beverages in Japan.
๐ˆ๐ง๐ง๐ž๐ซ ๐Œ๐จ๐ง๐ ๐จ๐ฅ๐ข๐š ๐‘๐ž๐ฃ๐ฎ๐ฏ๐ž ๐๐ข๐จ๐ญ๐ž๐œ๐ก invested in large-scale microalgae cultivation projects in China.
๐‡๐ž๐ฅ๐ข๐š๐ž ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ launched innovative algae-based protein supplements in the US.

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ :https://www.maximizemarketresearch.com/request-sample/63970/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐›๐ฒ ๐’๐ฉ๐ž๐œ๐ข๐ž๐ฌ ๐“๐ฒ๐ฉ๐ž

Spirulina
Chlorella
Dunaliella Salina
Others

With the largest market share of 38% in 2023, the Spirulina segment led the global market for microalgae-based products. Over the course of the forecast period, the category is anticipated to continue to dominate the market and develop at a CAGR of 8.5%. Spirulina's special qualities-such as being a high source of protein, vitamins, minerals, and antioxidants-have led to its widespread use in natural and organic food products, including anti-inflammatory, sports nutrition, animal feed, and dietary supplements. This has significantly increased demand for spirulina, which in turn has fueled the growth of the market. The expansion of the segment is driven by their capacity to supply critical amino acids, copper, protein, carotenoids, iron, and vitamins.

๐›๐ฒ ๐‚๐š๐ญ๐ž๐ ๐จ๐ซ๐ฒ

Inorganic
Organic

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Food and Beverages
Animal feed
Cosmetics
Others

๐†๐ž๐ญ ๐š ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:https://www.maximizemarketresearch.com/market-report/global-microalgae-based-products-market/63970/

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

1. Fuqing King Dnarmsa Spirulina Co., Ltd. (China)
2. Earthrise Nutritionals, LLC, (U.S.)
3. E.I.D. - PARRY LIMITED (INDIA)
4. Cyanotech Corporation (U.S.)
5. C.B.N. Bio-engineering Co.Ltd (China)
6. YUNNAN GREEN A BIOLOGICAL PROJECT CO., LTD. (Yunnan Spirin
7. Biotechnology Co. Ltd (China)
8. Jiangshan COMP SPIRULINA CO., LTD. (China)
9. Inner Mongolia Rejuve Biotech Co., Ltd. (China)
10. Zhejiang Binmei BiotechnologyCo., Ltd. (China)
11. Bluetec Naturals CO., LTD. (China)
12. Taiwan Chlorella Manufacturing Company(TCMC) (Taiwan)
13. Sun Chlorella Corporation (Japan)
14. Roquette Klรถtze GmbH & Co. KG (Germany)
15. Gong Bih Enterprise Co., Ltd.(Taiwan)
16. Yaeyama Shokusan Co., Ltd. (Euglena Co Ltd) (Japan)
17. VedanBiotechnology Corporation (Taiwan)
18. AlgoSource (France)
19. Tianjin Norland Biotech CO., LTD (China)
20. Phycom BV (Netherlands)
21. AllMicroalgae based Products Natural Products S.A. (Portugal)
22. Aliga Microalgae based Products (Denmark)
23. Taiwan Wilson Enterprise Inc. (Taiwan)
24. Daesang Corporation (Korea)
25. Algalimento SL (Spain)
26. Seagrass Tech Private Limited (India)
27. Plankton Australia Pty Limited (Australia)
28. Hangzhou Ouqi Food Co., Ltd. (China)
29. Shaanxi Rebecca Bio-Tech Co., Ltd (China)

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

โ™ฆ Global EV Platform Market https://www.maximizemarketresearch.com/market-report/global-ev-platform-market/71099/

โ™ฆ Global Cloud Telephony Service Market https://www.maximizemarketresearch.com/market-report/global-cloud-telephony-service-market/26948/

โ™ฆ North America Smart Fleet Management Market https://www.maximizemarketresearch.com/market-report/north-america-smart-fleet-management-market/3139/

โ™ฆ Legal Technology Market https://www.maximizemarketresearch.com/market-report/legal-technology-market/215553/

โ™ฆ Wedding Services Market https://www.maximizemarketresearch.com/market-report/wedding-services-market/229647/

โ™ฆ Floriculture Market https://www.maximizemarketresearch.com/market-report/global-floriculture-market/23982/

โ™ฆ Global Washing Machine Market https://www.maximizemarketresearch.com/market-report/washing-machine-market/14800/

โ™ฆ Fruit Fillings Market https://www.maximizemarketresearch.com/market-report/fruit-fillings-market/198740/

โ™ฆ Diamond Core Drilling Market https://www.maximizemarketresearch.com/market-report/diamond-core-drilling-market/199099/

โ™ฆ Global Frozen Bakery Market https://www.maximizemarketresearch.com/market-report/global-frozen-bakery-market/23735/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

MAXIMIZE MARKET RESEARCH PVT. LTD.
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Pune Banglore Highway, Narhe
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sales@maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

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According to a new report by Maximize Market Research, the global Millet Based Packaged Food Market was valued at USD 47.95 million in 2024 and is projected to reach approximately USD 104.30 million by 2032, growing at a compound annual growth rate (CAGR) of 10.2 % during 2025-2032. The growth is attributed to increased consumer preference for nutritious, gluten-free and convenient foods, particularly in Asia-Pacific and North American regions. โ–บ Getโ€ฆ
Agricultural Robots Market to Soar from USD 15.67 B in 2024 to ~USD 88.15 B by 2032 at 24.1% CAGR - Driven by Precision Farming Demand
09-25-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Agricultural Robots Market to Soar from USD 15.67 B in 2024 to ~USD 88.15 B by 2 โ€ฆ
According to a new report by Maximize Market Research, the global agricultural robots market was valued at USD 15.67 billion in 2024 and is projected to reach approximately USD 88.15 billion by 2032, growing at a compound annual growth rate (CAGR) of 24.1 %. The expansion reflects accelerating adoption across North America, Europe, and Asia amid rising demand for automation in farming operations. โ–บ Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/34593/ โ™ฆ Keyโ€ฆ

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China fund establishment, China fund management,china investment management
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Pandacu China Investment Bank
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Pandacu is a company that specializes in cross-border investment in China. The company was founded in china and has since grown to become one of the leading cross-border investment firms in China. Pandacu offers a wide range of services to its clients, including investment advisory, market research, due diligence, and post-investment support. http://pandacuads.com/ Investment banking consultant Email:nolan@pandacuads.com Cross-border investment in China can be a complex and challenging process, as the country has a uniqueโ€ฆ
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CCECCK BUILDING Consultants Company
china construction company,china engineering company,china major bridge engineer โ€ฆ
List of Top 500 Chinese Construction Enterprises ranking https://gzwatches.cn/ Free engineering construction consultation Email:nolan@wholsale9.com Company Name province 1 China State Construction Corporation Limited Beijing 2 China Railway Corporation Limited Beijing 3 China Railway Construction Corporation Limited Beijing 4 Shanghai Weimengsi Construction Engineering Co., Ltd. Shanghai 5 China Communications Construction Group Co., Ltd. Beijing 6 China Power Construction Corporation Limited Beijing 7 China Energy Construction Group Co., Ltd. Beijing 8 Shanghai Construction Engineering Group Co., Ltd. Shanghai 9 Jiangsu Zhongnan Construction Industry Group Co., Ltd. Jiangsu 10 China Gezhouba Group Co., Ltd. Hubei 11 China National Chemical Engineering Co., Ltd. Beijing 12 Sinoma Group Co., Ltd. Beijing 13 Guangxi Construction Engineering Group Co., Ltd. Guangxi 14 Shanghai Urbanโ€ฆ
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QY Research, Inc.ย 
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This research study is one of the most detailed and accurate ones that solely focus on the global Forehead Thermometer market. It sheds light on critical factors that impact the growth of the global Forehead Thermometer market on several fronts. Market participants can use the report to gain a sound understanding of the competitive landscape and strategies adopted by leading players of the global Forehead Thermometer market. The authors ofโ€ฆ
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Color Steel Tile Market
Global Color Steel Tile Market 2017 - South China, East China, Southwest China, โ€ฆ
Color Steel Tile Market Research Report A market study based on the " Color Steel Tile Market " across the globe, recently added to the repository of Market Research, is titled โ€˜Global Color Steel Tile Market 2017โ€™. The research report analyses the historical as well as present performance of the worldwide Color Steel Tile industry, and makes predictions on the future status of Color Steel Tile market on the basisโ€ฆ