Microalgae Food Market, By Strain (Chlorella, Spirulina, Dunaliella salina, Others), By Form (Capsules, Liquid, Tablets), By Distribution Channel (Retail Stores, Online Channels, Hypermarkets/Supermarkets, Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, And Forecast Till 2029

Report Code: PMI455620 | Publish Date: December 2023 | No. of Pages: 168

Microalgae Food Market Overview

Microalgae, sought in both freshwater and marine environments, have a wide use as food in aquaculture. As promising sources of nutrients, microalgae are increasingly popular and contain compounds with high added value, including pigments, fatty acids and antioxidants. Despite several challenges, such as climatic conditions, complex regulations of food authorities and weak consumer demand, the microalgae market is expected to develop in the near future. This can be largely attributed to technological and scientific innovations and developments, as well as to the dominant position of microalgae in the agri-food market. Rich sources of fiber, enzymes, proteins and carbohydrates, microalgae have become an important source of food ingredients, especially in Asian countries such as South Korea and China. The biomass of microalgae is commercialized in the form of liquid, capsules and tablets, used as nutritional supplements. Microalgae are also used as natural food colors or as supplements in pasta, drinks or snacks.

COVID-19 Impact on the Market:

The COVID-19 pandemic is expected to have a minor impact on the global microalgae food market. Due to the strict lockdown and travelling restriction the supplies are hampered. Further the microalgae have some side effects and can be toxic and during this COVID pandemic time the consuming microalgae food are being avoided that has also affected the market. This report will quantify the impact of this pandemic on the Diabetes Drugs market.

Microalgae Food Market Dynamics

Presence of Anti-Oxidant in Microalgae Food Will Fuel Demand

Rising world population has impelled high demand for sustainable, and affordable nutrient-rich food to feed the growing population which in turn will add to the microalgae food shares. According to the National Center for Biotechnology Information (NCBI), by 2050, algae may account for 18% of protein sources across the more diverse world market. Spirulina and Chlorella are the two major strains of microalgae that have terrific anti-oxidant properties and thus are utilized in the production of microalgae food. Presence of enzymes, carbohydrates, fiber, vitamins and protein in microalgae is a factor contributing to microalgae food revenue.

Rising Acceptance of Microalgae as Food Additives Will Boost Growth in North America

Microalgae are used as an essential food ingredient in the food & beverage industry, especially in developing nations such as Japan, China, South Korea, Indonesia, and others. Rising adoption of microalgae as supplements or natural colorants in various food products including, snack bars, pizza, drinks, and others is predicted to encourage the of microalgae food growth. In addition, increasing health awareness among people is expected to fuel demand for the consumption of dietary or health supplements made up of microalgae biomass which will, in turn, boost the global microalgae food market during the forecast period.

Restraint:

Limited Technology

The microalgae harvest involves the concentration of suspensions of diluted microalgae. The main techniques used for the collection and recovery of microalgae are filtration, flocculation and centrifugation. However, these techniques have limitations associated with energy costs and demand, as well as high processing time.

Stringent Food & Safety Regulation

Stringent regulations on production and consumption of food that includes microalgae may hamper the market growth over the forecast period. Algae may accumulate toxins or heavy metals sometimes when exposed to it in marine systems. These factors are restraining the market.

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Microalgae Food Market Segmentation

The Microalgae Food Market based on stain, form, distribution channel and region.

Depending upon the Strain the Global Microalgae Food Market is divided into Chlorella, Spirulina, Dunaliella salina, Others. Based on form the market is divided into Capsules, Liquid, Tablets. Depending upon the Distribution Channel the market is categorized Retail Stores, Online Channels, Hypermarkets/Supermarkets, Others

 Regional Insights:

Regionally, the overall industry is divided into North America, Europe, Asia Pacific, Latin America, And Middle East & Africa. North America, followed by Europe dominates the global microalgae food market and is expected to lead during the forecast period, owing to rising acceptance of microalgae as food additives by food producers, along with the rising number of SME in microalgae cultivation industry. The microalgae food market in the Asia Pacific is predicted to witness high growth rate during the forecast period due to the increasing cultivation and consumption of microalgae food in Asian countries, such as China, Indonesia, and South Korea.

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Report scope:

Attribute

Details

The base year for estimation

2019

Forecast period

2019 – 2029

Market representation

Revenue in USD Million & CAGR from 2019 – 2029

Market Segmentation
  • By Strain - Chlorella,Spirulina,Dunaliella salina,Others.      
  • By Form -  Capsules,Liquid,Tablets.
  • By Distribution Channel – Retail stores, Online Channels,Hypermarkets/Supermarkets,Others.

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029.  For the purpose of this study, has segmented the Global Microalgae Food Market report based on stain, form, distribution channel and region.

Global Microalgae Food Market, By Strain:

  • Chlorella
  • Spirulina
  • Dunaliella salina
  • Others

Global Microalgae Food Market, By Form

  • Capsules
  • Liquid
  • Tablets

Global Microalgae Food Market, By Distribution Channel

  • Retail Stores
  • Online Channels
  • Hypermarkets/Supermarkets
  • Others

Global Microalgae Food Market, By Region:

  1. North America
        • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Microalgae Food Market Key Players

The key players operating in the market includes DIC Corporation, Taau Australia Private Limited, Cyanotech Corporation, TerraVia Holdings, Inc., Cellana, LLC., E.I.D- Parry (India) Ltd., and Fuqing King Dnarmsa Spirulina Co. Ltd. For instace, in February 2019, Algatechnologies, aleading microalgae cultivation company based in Israeli, launched an all- natural, algae complex, called AstaPure Arava. The product can be used to produce energy bars as well as other products that can be combined with powder.

Microalgae Food Market Company Profile

  • DIC Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Taau Australia Private Limited
  • Cyanotech Corporation
  • TerraVia Holdings, Inc
  • Cellana, LLC.
  • I.D- Parry (India) Ltd.
  • Fuqing King Dnarmsa Spirulina Co. Ltd.

 “*” marked represents similar segmentation in other categories in the respective section

Microalgae Food Market Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Strain
    • Market Snippet, By Form
    • Market Snippet, By Distribution Channel
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Microalgae Food Market, By Strain, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Chlorella
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Spirulina
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Dunaliella salina
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Microalgae Food Market, By Form, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Capsules
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Liquid
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Tablets
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Microalgae Food Market, By Distribution Channel, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Retail Stores
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Online Channels
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Hypermarkets/Supermarkets
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Microalgae Food Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Strain, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Form, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Strain, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Form, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Strain, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Form, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Strain, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Form, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Strain, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Form, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • DIC Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Taau Australia Private Limited
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Cyanotech Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • TerraVia Holdings, Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Cellana, LLC.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • I.D- Parry (India) Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Fuqing King Dnarmsa Spirulina Co. Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The Microalgae Food Market based on stain, form, distribution channel and region.

Rising adoption of microalgae as supplements or natural colorants in various food products including, snack bars, pizza, drinks, and others is predicted to encourage the of microalgae food growth.

North America, followed by Europe dominates the global microalgae food market and is expected to lead during the forecast period, owing to rising acceptance of microalgae as food additives by food producers, along with the rising number of SME in microalgae cultivation industry.

The key players operating in the market includes DIC Corporation, Taau Australia Private Limited, Cyanotech Corporation, TerraVia Holdings, Inc., Cellana, LLC., E.I.D- Parry (India) Ltd., and Fuqing King Dnarmsa Spirulina Co. Ltd.