Microbial Algae Product Market

Microbial Algae Product Market Study by Astaxanthin, Lutein, B-carotene, Spirulina, PUFA, and Chlorella for F&B, Personal Care, Dietary Supplements, Pharmaceuticals, and Aquaculture from 2024 to 2034

Analysis of Microbial Algae Product Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Microbial Algae Product Market Outlook (2024 to 2034)

Expanding at a compound annual growth rate (CAGR) of 6.1%, the global microbial algae product market is forecast to increase from a value of US$ 3.43 billion in 2024 to US$ 6.2 billion by the end of 2034, as reveals in a latest industry research report by Fact.MR.

In recent years, there has been a noticeable increase in the demand for microbial algae products owing to their high nutritional content, such as minerals, vitamins, omega-3 fatty acids, and proteins. Growing concerns about food security, animal welfare, and environmental sustainability are projected to generate demand for alternative protein sources. Microbial algae products work as a viable solution owing to their minimal environmental footprints and high protein content in comparison to conventional protein sources, such as soy, meat, etc.

The growing use of microbial algae in numerous industries, including pharmaceuticals, food & beverages, animal feed, cosmetics, nutraceuticals, and biofuels, is projected to compel companies to develop novel products. This constant and active involvement of market players will contribute to overall microbial algae product market growth.

  • East Asia is forecast to account for 27% of the global microbial algae product market share by the end of 2034.
  • Worldwide demand for astaxanthin is projected to increase at a CAGR of 6.3% and reach a market valuation of US$ 1.27 billion by the end of 2034.
  • Sales of microbial algae products in Japan are forecasted to rise at a CAGR of 7.3% from 2024 to 2034.

Numerous governments around the world are actively promoting the use of algae as a sustainable source through subsidies, grants, regulatory support, and tax incentives. These policies are estimated to encourage investment in R&D activities, market expansion, and production facilities. Algae cultivation is generally considered an environment-friendly practice as it needs minimal water, resources, and land compared to conventional agriculture. In addition, carbon dioxide, wastewater, and other waste streams can also be used in the production of algae, thus helping in mitigating environmental pollution.

Growing consumer awareness about health and wellness is expected to increase demand for functional and natural ingredients. Microbial algae products are perceived as natural, clean-label, and functional ingredients, appealing to health-conscious consumers more.

Report Attributes Details
Microbial Algae Product Market Size (2024E) US$ 3.43 Billion
Forecasted Market Value (2034F) US$ 6.2 Billion
Global Market Growth Rate (2024 to 2034) 6.1% CAGR
Market Share of North America (2034F) 18.9%
South Korea Market Growth (2024 to 2034) 8.4% CAGR
Market Share of Foods & Beverage Segment (2034F) 36.8%
Key Companies Profiled
  • 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.
  • Fuqing King Dnarmsa Spirulina Co. Ltd.

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What is Responsible for Expansion of Microbial Algae Product Market Size?

“Increasing Awareness Related to Microalgae Products”

In recent years, more individuals have become aware of the impacts of food products on healthcare. Therefore, an increase in the demand for functional foods is experienced. Further, more consumers are inclined toward a healthy lifestyle, which has resulted in the increased consumption of healthy and natural products. Numerous people are becoming conscious about their diet and health. Increasing awareness about the advantages of microbial algae products is anticipated to contribute to revenue streams.

Increasing consumption of dietary supplements by health-conscious people is expected to positively impact demand for microbial algae products, further estimated to open up lucrative opportunities for players.

“Growing Requirements for Natural Ingredients in Supplements”

Increasing demand for natural supplements along with rising awareness about the negative effects of synthetic products among more individuals is estimated to lead to the growing production of chlorella, spirulina, and astaxanthin in the coming 10 years. More consumers are inclined to consume natural products, therefore food suppliers are working on their existing product lines to provide unique products. They are adopting consumer-friendly ingredients, such as natural sources, colors, etc.

There are some consumers, who are avoiding animal-based proteins due to increasing health and environmental issues in several regions across the globe. The growing movement of some consumers toward microbial algae or plant-based proteins is estimated to contribute to the microbial algae product market trends.

What Can Dent the Profits of Microbial Algae Product Suppliers?

“Monetary Aspects Related to Microbial Algae Limiting Expansion Opportunities”

Market expansion is being hindered by the high cost of maintenance, operation, and infrastructure required for microbial algae products. In addition, technical difficulties associated with microbial algae product production can hinder market growth opportunities.

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How are Startups Expected to Make a Position for Themselves?

“Technological Advancements in Processing and Cultivation”

Genetic engineering, more efficient cultivation techniques, and advances in biotechnology are projected to improve the scalability and efficiency of microbial algae production. These advancements are estimated to lead to a significant reduction in the price of microbial algae and, thus related products. The involvement of startups in these advancements can help increase their profit share.

Country-wise Insights

Around 27% share of the global market is forecast to be held by East Asia by the end of 2034, as mentioned in the research report published by Fact.MR, a market research and competitive intelligence provider. This dominance is attributed to increasing health awareness and rising disposable income, which contribute to the increased spending capacity of individuals on microbial algae products.

Which Dynamics are Influencing the Stance of Suppliers of Microbial Algae Products in the United States?

“Rising Population of Health Conscious People Increasing Adoption of Organic Food”

Attribute United States
Market Value (2024E) US$ 543.3 Million
Growth Rate (2024 to 2034) 5% CAGR
Projected Value (2034F) US$ 885.1 Million

The United States is anticipated to account for 75.6% share of the North American market by the end of 2034. Rising interest in fitness along with an expansion of the organic food industry is anticipated to set noteworthy high standards for quality control and assurance. In addition, rising inclination to healthy food options is expected to contribute to the increased consumption of microbial algae products.

Why Does China Hold a Noteworthy Share of the East Asian Market?

“Rising Health Consciousness and Consumption of Plant-based Proteins”

Attribute China
Market Value (2024E) US$ 654.2 Million
Growth Rate (2024 to 2034) 6.6% CAGR
Projected Value (2034F) US$ 1.24 Billion

China is forecast to account for 73.9% share of the East Asian market by the end of 2034. Manufacturers in China are projected to incorporate cutting-edge technologies into their production facilities to improve the standard of their product delivery. China is estimated to hold a noteworthy position in the production of plant-based compounds due to the easy availability of raw materials. In addition, increasing awareness about wellness and health among more individuals is estimated to lead to a noteworthy shift in consumption patterns. They aim to minimize carbohydrate-rich diets while consuming protein-rich products, such as microbial algae products.

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Category-wise Insights

As mentioned in the Fact.MR report, demand for microbial algae products is projected to increase more in different types of foods & beverages. Growing inclination to plant-based protein sources along with an increasing population of vegan people is estimated to contribute to the growing consumption of microbial algae products.

Why is Astaxanthin More Popular among End Users?

“Health Benefits of Astaxanthin Promoting Consumption”

Attribute Astaxanthin
Segment Value (2024E) US$ 689 Million
Growth Rate (2024 to 2034) 6.3% CAGR
Projected Value (2034F) US$ 1.27 Billion

Astaxanthin is forecasted to hold 20.45% share of the global market by the end of 2034. It is a potent antioxidant with numerous health benefits and is well-known for its ability to reduce oxidative stress, neutralize free radicals, and protect cells from damage. Astaxanthin is closely linked to supporting cardiovascular health, improving physical performance, and reducing inflammation. In addition, its rising use in various anti-aging creams, supplements, and serums is contributing to growing demand.

Which Application of Microbial Algae Products Accounts for Higher Revenue?

“Increasing Consumption of Microbial Algae Products in Foods & Beverages”

Attribute Foods & Beverages
Segment Value (2024E) US$ 1.28 Billion
Growth Rate (2024 to 2034) 5.9% CAGR
Projected Value (2034F) US$ 2.28 Billion

Foods & beverages are set to contribute a 36.8% share of global market revenue by the end of 2034. Fast urbanization, a growing working population, and population expansion are projected to increase spending on healthy food products, which is estimated to positively impact on product sales. In addition, increasing consumer spending on plant-based foods & beverages owing to a vegan lifestyle is estimated to aid the microbial algae product market growth.

Competitive Landscape

Prominent manufacturers of microbial algae products are planning for increased expenditures to offer quality products and manage their supply chain systems. In addition, they are constantly putting effort into new developments to secure a position for themselves.

For instance:

  • DSM N.V., in April 2020, came up with its new vegetarian omega powder, used in infant nutrition. It can help manufacturers to produce infant formula products of high quality.

Key players in the microbial algae product industry 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.

Segmentation of Microbial Algae Product Market Research

  • By Product Type :

    • Astaxanthin
    • Lutein
    • B-carotene
    • Spirulina
    • PUFA
    • Chlorella
    • Others
  • By Application :

    • Foods & Beverages
    • Personal Care
    • Dietary Supplements & Pharmaceuticals
    • Animal Feed & Aquaculture
    • Others
  • By Region :

    • North America
    • Europe
    • East Asia
    • Latin America
    • Middle East & Africa
    • South Asia & Oceania

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2019-2023 and Forecast, 2024-2034

    4.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis, 2019-2023

    4.2. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Projections, 2024-2034

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2019-2023 and Forecast 2024-2034, By Product

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Product, 2019-2023

    5.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Product, 2024-2034

        5.3.1. Spirulina

        5.3.2. Chlorella

        5.3.3. Dunaliella salina

        5.3.4. Astaxanthin

        5.3.5. Beta carotene

        5.3.6. PUFA Fatty Acid

        5.3.7. Lutein

        5.3.8. Others

    5.4. Y-o-Y Growth Trend Analysis By Product, 2019-2023

    5.5. Absolute $ Opportunity Analysis By Product, 2024-2034

6. Global Market Analysis 2019-2023 and Forecast 2024-2034, By Application

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Application, 2019-2023

    6.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Application, 2024-2034

        6.3.1. Food & Beverages

        6.3.2. Personal Care

        6.3.3. Nutraceuticals & Dietary Supplements

        6.3.4. Pharmaceuticals

        6.3.5. Chemicals

        6.3.6. Fuel

        6.3.7. Animal Feed

        6.3.8. Others

    6.4. Y-o-Y Growth Trend Analysis By Application, 2019-2023

    6.5. Absolute $ Opportunity Analysis By Application, 2024-2034

7. Global Market Analysis 2019-2023 and Forecast 2024-2034, By Region

    7.1. Introduction

    7.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Region, 2019-2023

    7.3. Current Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Region, 2024-2034

        7.3.1. North America

        7.3.2. Latin America

        7.3.3. Western Europe

        7.3.4. Eastern Europe

        7.3.5. South Asia and Pacific

        7.3.6. East Asia

        7.3.7. Middle East and Africa

    7.4. Market Attractiveness Analysis By Region

8. North America Market Analysis 2019-2023 and Forecast 2024-2034, By Country

    8.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023

    8.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2024-2034

        8.2.1. By Country

            8.2.1.1. U.S.

            8.2.1.2. Canada

        8.2.2. By Product

        8.2.3. By Application

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Product

        8.3.3. By Application

    8.4. Key Takeaways

9. Latin America Market Analysis 2019-2023 and Forecast 2024-2034, By Country

    9.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023

    9.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2024-2034

        9.2.1. By Country

            9.2.1.1. Brazil

            9.2.1.2. Mexico

            9.2.1.3. Rest of Latin America

        9.2.2. By Product

        9.2.3. By Application

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Product

        9.3.3. By Application

    9.4. Key Takeaways

10. Western Europe Market Analysis 2019-2023 and Forecast 2024-2034, By Country

    10.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023

    10.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2024-2034

        10.2.1. By Country

            10.2.1.1. Germany

            10.2.1.2. U.K.

            10.2.1.3. France

            10.2.1.4. Spain

            10.2.1.5. Italy

            10.2.1.6. Rest of Western Europe

        10.2.2. By Product

        10.2.3. By Application

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Product

        10.3.3. By Application

    10.4. Key Takeaways

11. Eastern Europe Market Analysis 2019-2023 and Forecast 2024-2034, By Country

    11.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023

    11.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2024-2034

        11.2.1. By Country

            11.2.1.1. Poland

            11.2.1.2. Russia

            11.2.1.3. Czech Republic

            11.2.1.4. Romania

            11.2.1.5. Rest of Eastern Europe

        11.2.2. By Product

        11.2.3. By Application

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Product

        11.3.3. By Application

    11.4. Key Takeaways

12. South Asia and Pacific Market Analysis 2019-2023 and Forecast 2024-2034, By Country

    12.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023

    12.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2024-2034

        12.2.1. By Country

            12.2.1.1. India

            12.2.1.2. Bangladesh

            12.2.1.3. Australia

            12.2.1.4. New Zealand

            12.2.1.5. Rest of South Asia and Pacific

        12.2.2. By Product

        12.2.3. By Application

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Product

        12.3.3. By Application

    12.4. Key Takeaways

13. East Asia Market Analysis 2019-2023 and Forecast 2024-2034, By Country

    13.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023

    13.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2024-2034

        13.2.1. By Country

            13.2.1.1. China

            13.2.1.2. Japan

            13.2.1.3. South Korea

        13.2.2. By Product

        13.2.3. By Application

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Product

        13.3.3. By Application

    13.4. Key Takeaways

14. Middle East and Africa Market Analysis 2019-2023 and Forecast 2024-2034, By Country

    14.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023

    14.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2024-2034

        14.2.1. By Country

            14.2.1.1. GCC Countries

            14.2.1.2. South Africa

            14.2.1.3. Israel

            14.2.1.4. Rest of MEA

        14.2.2. By Product

        14.2.3. By Application

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Product

        14.3.3. By Application

    14.4. Key Takeaways

15. Key Countries Market Analysis

    15.1. U.S.

        15.1.1. Pricing Analysis

        15.1.2. Market Share Analysis, 2023

            15.1.2.1. By Product

            15.1.2.2. By Application

    15.2. Canada

        15.2.1. Pricing Analysis

        15.2.2. Market Share Analysis, 2023

            15.2.2.1. By Product

            15.2.2.2. By Application

    15.3. Brazil

        15.3.1. Pricing Analysis

        15.3.2. Market Share Analysis, 2023

            15.3.2.1. By Product

            15.3.2.2. By Application

    15.4. Mexico

        15.4.1. Pricing Analysis

        15.4.2. Market Share Analysis, 2023

            15.4.2.1. By Product

            15.4.2.2. By Application

    15.5. Germany

        15.5.1. Pricing Analysis

        15.5.2. Market Share Analysis, 2023

            15.5.2.1. By Product

            15.5.2.2. By Application

    15.6. U.K.

        15.6.1. Pricing Analysis

        15.6.2. Market Share Analysis, 2023

            15.6.2.1. By Product

            15.6.2.2. By Application

    15.7. France

        15.7.1. Pricing Analysis

        15.7.2. Market Share Analysis, 2023

            15.7.2.1. By Product

            15.7.2.2. By Application

    15.8. Spain

        15.8.1. Pricing Analysis

        15.8.2. Market Share Analysis, 2023

            15.8.2.1. By Product

            15.8.2.2. By Application

    15.9. Italy

        15.9.1. Pricing Analysis

        15.9.2. Market Share Analysis, 2023

            15.9.2.1. By Product

            15.9.2.2. By Application

    15.10. Poland

        15.10.1. Pricing Analysis

        15.10.2. Market Share Analysis, 2023

            15.10.2.1. By Product

            15.10.2.2. By Application

    15.11. Russia

        15.11.1. Pricing Analysis

        15.11.2. Market Share Analysis, 2023

            15.11.2.1. By Product

            15.11.2.2. By Application

    15.12. Czech Republic

        15.12.1. Pricing Analysis

        15.12.2. Market Share Analysis, 2023

            15.12.2.1. By Product

            15.12.2.2. By Application

    15.13. Romania

        15.13.1. Pricing Analysis

        15.13.2. Market Share Analysis, 2023

            15.13.2.1. By Product

            15.13.2.2. By Application

    15.14. India

        15.14.1. Pricing Analysis

        15.14.2. Market Share Analysis, 2023

            15.14.2.1. By Product

            15.14.2.2. By Application

    15.15. Bangladesh

        15.15.1. Pricing Analysis

        15.15.2. Market Share Analysis, 2023

            15.15.2.1. By Product

            15.15.2.2. By Application

    15.16. Australia

        15.16.1. Pricing Analysis

        15.16.2. Market Share Analysis, 2023

            15.16.2.1. By Product

            15.16.2.2. By Application

    15.17. New Zealand

        15.17.1. Pricing Analysis

        15.17.2. Market Share Analysis, 2023

            15.17.2.1. By Product

            15.17.2.2. By Application

    15.18. China

        15.18.1. Pricing Analysis

        15.18.2. Market Share Analysis, 2023

            15.18.2.1. By Product

            15.18.2.2. By Application

    15.19. Japan

        15.19.1. Pricing Analysis

        15.19.2. Market Share Analysis, 2023

            15.19.2.1. By Product

            15.19.2.2. By Application

    15.20. South Korea

        15.20.1. Pricing Analysis

        15.20.2. Market Share Analysis, 2023

            15.20.2.1. By Product

            15.20.2.2. By Application

    15.21. GCC Countries

        15.21.1. Pricing Analysis

        15.21.2. Market Share Analysis, 2023

            15.21.2.1. By Product

            15.21.2.2. By Application

    15.22. South Africa

        15.22.1. Pricing Analysis

        15.22.2. Market Share Analysis, 2023

            15.22.2.1. By Product

            15.22.2.2. By Application

    15.23. Israel

        15.23.1. Pricing Analysis

        15.23.2. Market Share Analysis, 2023

            15.23.2.1. By Product

            15.23.2.2. By Application

16. Market Structure Analysis

    16.1. Competition Dashboard

    16.2. Competition Benchmarking

    16.3. Market Share Analysis of Top Players

        16.3.1. By Regional

        16.3.2. By Product

        16.3.3. By Application

17. Competition Analysis

    17.1. Competition Deep Dive

        17.1.1. Cyanotech Corporation

            17.1.1.1. Overview

            17.1.1.2. Product Portfolio

            17.1.1.3. Profitability by Market Segments

            17.1.1.4. Sales Footprint

            17.1.1.5. Strategy Overview

                17.1.1.5.1. Marketing Strategy

                17.1.1.5.2. Product Strategy

                17.1.1.5.3. Channel Strategy

        17.1.2. Cargill, Inc.

            17.1.2.1. Overview

            17.1.2.2. Product Portfolio

            17.1.2.3. Profitability by Market Segments

            17.1.2.4. Sales Footprint

            17.1.2.5. Strategy Overview

                17.1.2.5.1. Marketing Strategy

                17.1.2.5.2. Product Strategy

                17.1.2.5.3. Channel Strategy

        17.1.3. AstaReal Group

            17.1.3.1. Overview

            17.1.3.2. Product Portfolio

            17.1.3.3. Profitability by Market Segments

            17.1.3.4. Sales Footprint

            17.1.3.5. Strategy Overview

                17.1.3.5.1. Marketing Strategy

                17.1.3.5.2. Product Strategy

                17.1.3.5.3. Channel Strategy

        17.1.4. BlueBioTech International GmbH

            17.1.4.1. Overview

            17.1.4.2. Product Portfolio

            17.1.4.3. Profitability by Market Segments

            17.1.4.4. Sales Footprint

            17.1.4.5. Strategy Overview

                17.1.4.5.1. Marketing Strategy

                17.1.4.5.2. Product Strategy

                17.1.4.5.3. Channel Strategy

        17.1.5. Far East Bio-Tec Co., Ltd.

            17.1.5.1. Overview

            17.1.5.2. Product Portfolio

            17.1.5.3. Profitability by Market Segments

            17.1.5.4. Sales Footprint

            17.1.5.5. Strategy Overview

                17.1.5.5.1. Marketing Strategy

                17.1.5.5.2. Product Strategy

                17.1.5.5.3. Channel Strategy

        17.1.6. Cellana Inc.

            17.1.6.1. Overview

            17.1.6.2. Product Portfolio

            17.1.6.3. Profitability by Market Segments

            17.1.6.4. Sales Footprint

            17.1.6.5. Strategy Overview

                17.1.6.5.1. Marketing Strategy

                17.1.6.5.2. Product Strategy

                17.1.6.5.3. Channel Strategy

        17.1.7. Ocean Nutrition

            17.1.7.1. Overview

            17.1.7.2. Product Portfolio

            17.1.7.3. Profitability by Market Segments

            17.1.7.4. Sales Footprint

            17.1.7.5. Strategy Overview

                17.1.7.5.1. Marketing Strategy

                17.1.7.5.2. Product Strategy

                17.1.7.5.3. Channel Strategy

        17.1.8. Earthrise Nutritional

            17.1.8.1. Overview

            17.1.8.2. Product Portfolio

            17.1.8.3. Profitability by Market Segments

            17.1.8.4. Sales Footprint

            17.1.8.5. Strategy Overview

                17.1.8.5.1. Marketing Strategy

                17.1.8.5.2. Product Strategy

                17.1.8.5.3. Channel Strategy

        17.1.9. Proalgen Biotech Ltd.

            17.1.9.1. Overview

            17.1.9.2. Product Portfolio

            17.1.9.3. Profitability by Market Segments

            17.1.9.4. Sales Footprint

            17.1.9.5. Strategy Overview

                17.1.9.5.1. Marketing Strategy

                17.1.9.5.2. Product Strategy

                17.1.9.5.3. Channel Strategy

        17.1.10. Algae International Berhad (AIB)

            17.1.10.1. Overview

            17.1.10.2. Product Portfolio

            17.1.10.3. Profitability by Market Segments

            17.1.10.4. Sales Footprint

            17.1.10.5. Strategy Overview

                17.1.10.5.1. Marketing Strategy

                17.1.10.5.2. Product Strategy

                17.1.10.5.3. Channel Strategy

18. Assumptions & Acronyms Used

19. Research Methodology

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List Of Table

Table 1: Global Market Value (US$ Mn) Forecast by Region, 2019-2034

Table 2: Global Market Volume (Tons) Forecast by Region, 2019-2034

Table 3: Global Market Value (US$ Mn) Forecast by Product, 2019-2034

Table 4: Global Market Volume (Tons) Forecast by Product, 2019-2034

Table 5: Global Market Value (US$ Mn) Forecast by Application, 2019-2034

Table 6: Global Market Volume (Tons) Forecast by Application, 2019-2034

Table 7: North America Market Value (US$ Mn) Forecast by Country, 2019-2034

Table 8: North America Market Volume (Tons) Forecast by Country, 2019-2034

Table 9: North America Market Value (US$ Mn) Forecast by Product, 2019-2034

Table 10: North America Market Volume (Tons) Forecast by Product, 2019-2034

Table 11: North America Market Value (US$ Mn) Forecast by Application, 2019-2034

Table 12: North America Market Volume (Tons) Forecast by Application, 2019-2034

Table 13: Latin America Market Value (US$ Mn) Forecast by Country, 2019-2034

Table 14: Latin America Market Volume (Tons) Forecast by Country, 2019-2034

Table 15: Latin America Market Value (US$ Mn) Forecast by Product, 2019-2034

Table 16: Latin America Market Volume (Tons) Forecast by Product, 2019-2034

Table 17: Latin America Market Value (US$ Mn) Forecast by Application, 2019-2034

Table 18: Latin America Market Volume (Tons) Forecast by Application, 2019-2034

Table 19: Western Europe Market Value (US$ Mn) Forecast by Country, 2019-2034

Table 20: Western Europe Market Volume (Tons) Forecast by Country, 2019-2034

Table 21: Western Europe Market Value (US$ Mn) Forecast by Product, 2019-2034

Table 22: Western Europe Market Volume (Tons) Forecast by Product, 2019-2034

Table 23: Western Europe Market Value (US$ Mn) Forecast by Application, 2019-2034

Table 24: Western Europe Market Volume (Tons) Forecast by Application, 2019-2034

Table 25: Eastern Europe Market Value (US$ Mn) Forecast by Country, 2019-2034

Table 26: Eastern Europe Market Volume (Tons) Forecast by Country, 2019-2034

Table 27: Eastern Europe Market Value (US$ Mn) Forecast by Product, 2019-2034

Table 28: Eastern Europe Market Volume (Tons) Forecast by Product, 2019-2034

Table 29: Eastern Europe Market Value (US$ Mn) Forecast by Application, 2019-2034

Table 30: Eastern Europe Market Volume (Tons) Forecast by Application, 2019-2034

Table 31: South Asia and Pacific Market Value (US$ Mn) Forecast by Country, 2019-2034

Table 32: South Asia and Pacific Market Volume (Tons) Forecast by Country, 2019-2034

Table 33: South Asia and Pacific Market Value (US$ Mn) Forecast by Product, 2019-2034

Table 34: South Asia and Pacific Market Volume (Tons) Forecast by Product, 2019-2034

Table 35: South Asia and Pacific Market Value (US$ Mn) Forecast by Application, 2019-2034

Table 36: South Asia and Pacific Market Volume (Tons) Forecast by Application, 2019-2034

Table 37: East Asia Market Value (US$ Mn) Forecast by Country, 2019-2034

Table 38: East Asia Market Volume (Tons) Forecast by Country, 2019-2034

Table 39: East Asia Market Value (US$ Mn) Forecast by Product, 2019-2034

Table 40: East Asia Market Volume (Tons) Forecast by Product, 2019-2034

Table 41: East Asia Market Value (US$ Mn) Forecast by Application, 2019-2034

Table 42: East Asia Market Volume (Tons) Forecast by Application, 2019-2034

Table 43: Middle East and Africa Market Value (US$ Mn) Forecast by Country, 2019-2034

Table 44: Middle East and Africa Market Volume (Tons) Forecast by Country, 2019-2034

Table 45: Middle East and Africa Market Value (US$ Mn) Forecast by Product, 2019-2034

Table 46: Middle East and Africa Market Volume (Tons) Forecast by Product, 2019-2034

Table 47: Middle East and Africa Market Value (US$ Mn) Forecast by Application, 2019-2034

Table 48: Middle East and Africa Market Volume (Tons) Forecast by Application, 2019-2034

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List Of Figures

Figure 1: Global Market Value (US$ Mn) by Product, 2024-2034

Figure 2: Global Market Value (US$ Mn) by Application, 2024-2034

Figure 3: Global Market Value (US$ Mn) by Region, 2024-2034

Figure 4: Global Market Value (US$ Mn) Analysis by Region, 2019-2034

Figure 5: Global Market Volume (Tons) Analysis by Region, 2019-2034

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024-2034

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024-2034

Figure 8: Global Market Value (US$ Mn) Analysis by Product, 2019-2034

Figure 9: Global Market Volume (Tons) Analysis by Product, 2019-2034

Figure 10: Global Market Value Share (%) and BPS Analysis by Product, 2024-2034

Figure 11: Global Market Y-o-Y Growth (%) Projections by Product, 2024-2034

Figure 12: Global Market Value (US$ Mn) Analysis by Application, 2019-2034

Figure 13: Global Market Volume (Tons) Analysis by Application, 2019-2034

Figure 14: Global Market Value Share (%) and BPS Analysis by Application, 2024-2034

Figure 15: Global Market Y-o-Y Growth (%) Projections by Application, 2024-2034

Figure 16: Global Market Attractiveness by Product, 2024-2034

Figure 17: Global Market Attractiveness by Application, 2024-2034

Figure 18: Global Market Attractiveness by Region, 2024-2034

Figure 19: North America Market Value (US$ Mn) by Product, 2024-2034

Figure 20: North America Market Value (US$ Mn) by Application, 2024-2034

Figure 21: North America Market Value (US$ Mn) by Country, 2024-2034

Figure 22: North America Market Value (US$ Mn) Analysis by Country, 2019-2034

Figure 23: North America Market Volume (Tons) Analysis by Country, 2019-2034

Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024-2034

Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024-2034

Figure 26: North America Market Value (US$ Mn) Analysis by Product, 2019-2034

Figure 27: North America Market Volume (Tons) Analysis by Product, 2019-2034

Figure 28: North America Market Value Share (%) and BPS Analysis by Product, 2024-2034

Figure 29: North America Market Y-o-Y Growth (%) Projections by Product, 2024-2034

Figure 30: North America Market Value (US$ Mn) Analysis by Application, 2019-2034

Figure 31: North America Market Volume (Tons) Analysis by Application, 2019-2034

Figure 32: North America Market Value Share (%) and BPS Analysis by Application, 2024-2034

Figure 33: North America Market Y-o-Y Growth (%) Projections by Application, 2024-2034

Figure 34: North America Market Attractiveness by Product, 2024-2034

Figure 35: North America Market Attractiveness by Application, 2024-2034

Figure 36: North America Market Attractiveness by Country, 2024-2034

Figure 37: Latin America Market Value (US$ Mn) by Product, 2024-2034

Figure 38: Latin America Market Value (US$ Mn) by Application, 2024-2034

Figure 39: Latin America Market Value (US$ Mn) by Country, 2024-2034

Figure 40: Latin America Market Value (US$ Mn) Analysis by Country, 2019-2034

Figure 41: Latin America Market Volume (Tons) Analysis by Country, 2019-2034

Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024-2034

Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024-2034

Figure 44: Latin America Market Value (US$ Mn) Analysis by Product, 2019-2034

Figure 45: Latin America Market Volume (Tons) Analysis by Product, 2019-2034

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Product, 2024-2034

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Product, 2024-2034

Figure 48: Latin America Market Value (US$ Mn) Analysis by Application, 2019-2034

Figure 49: Latin America Market Volume (Tons) Analysis by Application, 2019-2034

Figure 50: Latin America Market Value Share (%) and BPS Analysis by Application, 2024-2034

Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Application, 2024-2034

Figure 52: Latin America Market Attractiveness by Product, 2024-2034

Figure 53: Latin America Market Attractiveness by Application, 2024-2034

Figure 54: Latin America Market Attractiveness by Country, 2024-2034

Figure 55: Western Europe Market Value (US$ Mn) by Product, 2024-2034

Figure 56: Western Europe Market Value (US$ Mn) by Application, 2024-2034

Figure 57: Western Europe Market Value (US$ Mn) by Country, 2024-2034

Figure 58: Western Europe Market Value (US$ Mn) Analysis by Country, 2019-2034

Figure 59: Western Europe Market Volume (Tons) Analysis by Country, 2019-2034

Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024-2034

Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024-2034

Figure 62: Western Europe Market Value (US$ Mn) Analysis by Product, 2019-2034

Figure 63: Western Europe Market Volume (Tons) Analysis by Product, 2019-2034

Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Product, 2024-2034

Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Product, 2024-2034

Figure 66: Western Europe Market Value (US$ Mn) Analysis by Application, 2019-2034

Figure 67: Western Europe Market Volume (Tons) Analysis by Application, 2019-2034

Figure 68: Western Europe Market Value Share (%) and BPS Analysis by Application, 2024-2034

Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by Application, 2024-2034

Figure 70: Western Europe Market Attractiveness by Product, 2024-2034

Figure 71: Western Europe Market Attractiveness by Application, 2024-2034

Figure 72: Western Europe Market Attractiveness by Country, 2024-2034

Figure 73: Eastern Europe Market Value (US$ Mn) by Product, 2024-2034

Figure 74: Eastern Europe Market Value (US$ Mn) by Application, 2024-2034

Figure 75: Eastern Europe Market Value (US$ Mn) by Country, 2024-2034

Figure 76: Eastern Europe Market Value (US$ Mn) Analysis by Country, 2019-2034

Figure 77: Eastern Europe Market Volume (Tons) Analysis by Country, 2019-2034

Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024-2034

Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024-2034

Figure 80: Eastern Europe Market Value (US$ Mn) Analysis by Product, 2019-2034

Figure 81: Eastern Europe Market Volume (Tons) Analysis by Product, 2019-2034

Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Product, 2024-2034

Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Product, 2024-2034

Figure 84: Eastern Europe Market Value (US$ Mn) Analysis by Application, 2019-2034

Figure 85: Eastern Europe Market Volume (Tons) Analysis by Application, 2019-2034

Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Application, 2024-2034

Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Application, 2024-2034

Figure 88: Eastern Europe Market Attractiveness by Product, 2024-2034

Figure 89: Eastern Europe Market Attractiveness by Application, 2024-2034

Figure 90: Eastern Europe Market Attractiveness by Country, 2024-2034

Figure 91: South Asia and Pacific Market Value (US$ Mn) by Product, 2024-2034

Figure 92: South Asia and Pacific Market Value (US$ Mn) by Application, 2024-2034

Figure 93: South Asia and Pacific Market Value (US$ Mn) by Country, 2024-2034

Figure 94: South Asia and Pacific Market Value (US$ Mn) Analysis by Country, 2019-2034

Figure 95: South Asia and Pacific Market Volume (Tons) Analysis by Country, 2019-2034

Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024-2034

Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024-2034

Figure 98: South Asia and Pacific Market Value (US$ Mn) Analysis by Product, 2019-2034

Figure 99: South Asia and Pacific Market Volume (Tons) Analysis by Product, 2019-2034

Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Product, 2024-2034

Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Product, 2024-2034

Figure 102: South Asia and Pacific Market Value (US$ Mn) Analysis by Application, 2019-2034

Figure 103: South Asia and Pacific Market Volume (Tons) Analysis by Application, 2019-2034

Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by Application, 2024-2034

Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Application, 2024-2034

Figure 106: South Asia and Pacific Market Attractiveness by Product, 2024-2034

Figure 107: South Asia and Pacific Market Attractiveness by Application, 2024-2034

Figure 108: South Asia and Pacific Market Attractiveness by Country, 2024-2034

Figure 109: East Asia Market Value (US$ Mn) by Product, 2024-2034

Figure 110: East Asia Market Value (US$ Mn) by Application, 2024-2034

Figure 111: East Asia Market Value (US$ Mn) by Country, 2024-2034

Figure 112: East Asia Market Value (US$ Mn) Analysis by Country, 2019-2034

Figure 113: East Asia Market Volume (Tons) Analysis by Country, 2019-2034

Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2024-2034

Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024-2034

Figure 116: East Asia Market Value (US$ Mn) Analysis by Product, 2019-2034

Figure 117: East Asia Market Volume (Tons) Analysis by Product, 2019-2034

Figure 118: East Asia Market Value Share (%) and BPS Analysis by Product, 2024-2034

Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Product, 2024-2034

Figure 120: East Asia Market Value (US$ Mn) Analysis by Application, 2019-2034

Figure 121: East Asia Market Volume (Tons) Analysis by Application, 2019-2034

Figure 122: East Asia Market Value Share (%) and BPS Analysis by Application, 2024-2034

Figure 123: East Asia Market Y-o-Y Growth (%) Projections by Application, 2024-2034

Figure 124: East Asia Market Attractiveness by Product, 2024-2034

Figure 125: East Asia Market Attractiveness by Application, 2024-2034

Figure 126: East Asia Market Attractiveness by Country, 2024-2034

Figure 127: Middle East and Africa Market Value (US$ Mn) by Product, 2024-2034

Figure 128: Middle East and Africa Market Value (US$ Mn) by Application, 2024-2034

Figure 129: Middle East and Africa Market Value (US$ Mn) by Country, 2024-2034

Figure 130: Middle East and Africa Market Value (US$ Mn) Analysis by Country, 2019-2034

Figure 131: Middle East and Africa Market Volume (Tons) Analysis by Country, 2019-2034

Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024-2034

Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024-2034

Figure 134: Middle East and Africa Market Value (US$ Mn) Analysis by Product, 2019-2034

Figure 135: Middle East and Africa Market Volume (Tons) Analysis by Product, 2019-2034

Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Product, 2024-2034

Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product, 2024-2034

Figure 138: Middle East and Africa Market Value (US$ Mn) Analysis by Application, 2019-2034

Figure 139: Middle East and Africa Market Volume (Tons) Analysis by Application, 2019-2034

Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2024-2034

Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2024-2034

Figure 142: Middle East and Africa Market Attractiveness by Product, 2024-2034

Figure 143: Middle East and Africa Market Attractiveness by Application, 2024-2034

Figure 144: Middle East and Africa Market Attractiveness by Country, 2024-2034

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

- FAQs -

How big is the microbial algae product market in 2024?

The global microbial algae product market is calculated at US$ 3.43 billion for 2024.

What is the demand outlook for microbial algae products for 2034?

Global demand for microbial algae products is projected to reach a value of US$ 6.2 billion by 2034.

At what rate is the demand for microbial algae products forecasted to increase?

The market for microbial algae products is forecasted to expand at a CAGR of 6.1% from 2024 to 2034.

What is the contribution of foods & beverages to global market revenue?

Foods & beverages are forecasted to account for 36.8% share of the global market by 2034.

What is the demand outlook for microbial algae products in South Korea?

Demand for microbial algae products in South Korea is forecasted to increase at 8.4% CAGR from 2024 to 2034.

How much share of the global market is projected to be held by East Asia?

East Asia is set to hold 27% share of global market revenue by 2034-end.

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