Data Bridge Market Research Adds “Global Microalgae Market – Industry Trends and Forecast to 2028” new report to its research database. The report spread No of pages : 350 No of Figures: 60 No of Tables: 220 in it.
The microalgae market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.9% in the forecast period of 2021 to 2028 and is expected to reach USD 61,988.47 million by 2028. Increasing awareness among consumers about health benefits of microalgae products and high demand of plant derived proteins are the major drivers which propelled the demand of the market in the forecast period.
The large scale Microalgae report has been formed with the appropriate expertises that utilize established and unswerving tools and techniques such as SWOT analysis and Porter’s Five Forces analysis to conduct the research study. Several company profiles included in this market research report can be pretty useful for making any decision associated with revenue, import, export and consumption. This market report studies and evaluates facts and figures about the market segmentation very watchfully and represents it in the form of graphs for the better understanding of end user. Microalgae market report endows with CAGR value fluctuations during the forecast period of 2021-2027 for the market.
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The major players covered in the microalgae market report are DIC CORPORATION, Cyanotech Corporation, Algatech LTD, Parry Nutraceuticals, Bayer Group, Australian Spirulina, Proactive Investors, Cellana LLC, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately.
Global Microalgae Market Drivers:
Increasing awareness among consumers about health benefits of microalgae products and high demand of plant derived proteins are the major drivers which propelled the demand of the market in the forecast period.
The technological and scientific innovations and developments act as driver for the microalgae market growth. The factors associated with development of microalgae or biofuels driven from microalgae are at the higher cost which can hinder the microalgae market growth as the small companies will think to enter into production of the microalgae market.
The rising investment in algae production acts as an opportunity for the growth of the microalgae market.
Global Microalgae Market Restraints:
The microalgae can be produced in highly controlled laboratories conditions but problems occur when production is done at large-scale which is the challenge and can hinder the microalgae market growth.
Scope of the Microalgae Market
Global microalgae market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Belgium, Rest of Europe, Japan, China, Australia, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Peru, Rest of South America, Saudi Arabia, South Africa, UAE, Kuwait, Rest of Middle East and Africa
- All country based analysis of the microalgae market is further analyzed based on maximum granularity into further segmentation. On the basis of product type, the market is segmented into dunaliella Salin, spirulina, chlorella, and others. On the basis of microalgae strain, the market is segmented into haematococcus pluvialis, phaeodactylum tricornutum, porphyridium cruentum, nannochloropsis, and others. On the basis of category, the market is segmented into organic and inorganic. On the basis of form, the market is segmented to powder/dry and liquid. On the basis of grade, the market is segmented to food grade, feed grade, fuel grade, cosmetic grade, and others. On the basis of application, the market is segmented to food & beverage, dietary supplements, pharmaceuticals, cosmetics & personal care, biofuel, inks, animal feed, and others. On the basis of distribution channel, the market is segmented to direct and indirect.
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New Market Developments
- In January 2015, ALGENOL and Reliance Industries launched an algenol algae production platform in India. This new project has been launched in order to convert higher amount of carbon dioxide to large amount of fuel by use of microalgae. This project launched accelerated the company’s biofuel manufacturing capabilities.
Microalgae Market Country Level Analysis
The microalgae market is analyzed and market size information is provided by the country, product type, microalgae strain, category, form, grade, and application and distribution channel as referenced above.
The countries covered in the microalgae market report are the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Belgium, Rest of Europe, Japan, China, Australia, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Peru, Rest of South America, Saudi Arabia, South Africa, UAE, Kuwait, Rest of Middle East and Africa.
Organic segment in North America region is expected to grow with the highest growth rate in the forecast period of 2021 to 2028 because organic cultivation are ecofriendly and economical for the production. China is leading the growth of the Asia-Pacific market and organic segment is dominating in this country due to rise in government initiatives to raise awareness towards ecofriendly products. The organic segment in the U.K. is dominating the European market owing to increasing demand of algae based products.
Table of Contents:
2 Research Methodologies
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Compliance in Microalgae Market
8 Microalgae Market, By Service
9 Microalgae Market, By Deployment Type
10 Microalgae Market, By Organization Size
11 Microalgae Market Analyses, By Vertical
12 Geographic Analyses
- North America
- South America
- Middle East & Africa
13 Competitive Landscapes
14 Detailed Company Profiles
15 Related Reports
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Key Points mentioned in the report:
- What was the market size in 2019?
- What are the moves of key players?
- Which region is leading the market at global level?
- A comprehensive/competitive analysis of the market?
- What the drivers and restrains are for the Microalgae market?
- How will the market stand in the forecast period of 2020-2027?
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