Press release
Microbial Algae Product Market Set to Surge at 6.1% CAGR, to Reach US$ 6.2 Billion by 2034: Fact.MR Report
According to a recent industry report by Fact.MR, the global microbial algae product market is projected to grow at a CAGR of 6.1%, rising from US$ 3.43 billion in 2024 to US$ 6.2 billion by 2034.This growth is largely driven by increasing demand for nutrient-rich alternatives that offer minerals, vitamins, omega-3 fatty acids, and proteins. With growing concerns surrounding food security, animal welfare, and environmental sustainability, microbial algae are emerging as a promising protein source. Their low environmental impact and high protein yield make them a compelling alternative to traditional options like soy and meat.
For More Insights into the Market, Request a Sample of this Report:
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What is Responsible for Expansion of Microbial Algae Product Market Size?
"Increasing Awareness Related to Microalgae Products"
Rising health consciousness and awareness about the nutritional benefits of microalgae are key drivers of market growth. Consumers are increasingly seeking functional foods and natural supplements to support healthier lifestyles, leading to higher demand for products rich in proteins, omega-3s, and antioxidants-attributes strongly associated with microbial algae.
The surge in health and wellness product consumption, especially among fitness enthusiasts and aging populations, is also fueling demand. As more individuals recognize the role of microalgae in boosting immunity, improving gut health, and promoting overall wellness, manufacturers are witnessing expanded revenue opportunities across global markets.
Country-wise Insights
East Asia is projected to account for approximately 27% of the global microbial algae product market by the end of 2034, according to Fact.MR. This regional dominance is largely driven by growing health consciousness and rising disposable incomes, which are encouraging consumers to invest more in nutritious and functional food products. The region's strong inclination toward natural health solutions and plant-based wellness products is further boosting demand for microbial algae-based offerings.
The United States is expected to hold 75.6% of the North American microbial algae product market by the end of 2034. This growth is fueled by increasing interest in fitness and the rapid expansion of the organic food industry, which is driving demand for high-quality, nutrient-rich products. Additionally, a growing preference for healthy and sustainable food choices is boosting the consumption of microbial algae-based products across the country.
Category-wise Insights
According to the latest insights from Fact.MR, demand for microbial algae products is expected to grow significantly in the food and beverage segment. This rise is largely driven by the increasing preference for plant-based protein sources and the expanding vegan population. As consumers seek healthier and more sustainable dietary options, microbial algae are gaining traction as a versatile ingredient in functional foods, beverages, and nutritional supplements.
Astaxanthin is projected to account for 20.45% of the global microbial algae product market by 2034. Renowned for its powerful antioxidant properties, it helps reduce oxidative stress, combat free radicals, and protect cellular health. Its growing use in cardiovascular support, physical performance enhancement, and inflammation reduction is driving demand. Additionally, increasing incorporation of astaxanthin in anti-aging creams, supplements, and skincare serums is boosting its market share.
Competitive Landscape
Leading players in the microbial algae product market are boosting investments to enhance product quality and optimize supply chains. Their focus is also on continuous innovation to maintain a competitive edge and cater to evolving consumer demands.
For example:
DSM N.V. launched a new vegetarian omega powder in April 2020, specifically designed for infant nutrition, enabling the production of high-quality, plant-based infant formulas.
Key companies active in this space include:
Cyanotech Corporation, DIC Corporation, DSM N.V., EID Parry Ltd., BGG, Chr. Hansen Holding A/S, NOW Foods, Divi's Laboratories, KDI Ingredients, Fuji Chemicals Industries Co. Ltd., Algatechnologies Ltd., Naturex S.A., and Fuqing King Dnarmsa Spirulina Co. Ltd.
Browse Full Report: https://www.factmr.com/report/microalgae-based-product-market
Segmentation of Microbial Algae Product Market Research
By Product Type :
Astaxanthin
Lutein
B-carotene
Spirulina
PUFA
Chlorella
Others
By Application :
Foods & Beverages
Personal Care
Animal Feed & Aquaculture
Others
By Region :
North America
Europe
East Asia
Latin America
Middle East & Africa
South Asia & Oceania
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https://www.factmr.com/report/3994/quinoa-protein-market
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About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
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