Global Microalgae Market Report, History and Forecast 2017-2028, Breakdown Data by Manufacturers, Key Regions, Types and Application

Microphytes or microalgae are microscopic algae, typically found in freshwater and marine systems living in both the water column and sediment. They are unicellular species which exist individually, or in chains or groups. Depending on the species, their sizes can range from a few micrometers (µm) to a few hundreds of micrometers. Unlike higher plants, microalgae do not have roots, stems, or leaves.
Market Analysis and Insights: Global Microalgae Market
Due to the COVID-19 pandemic, the global Microalgae market size is estimated to be worth US$ 284.2 million in 2021 and is forecast to a readjusted size of US$ 590.6 million by 2028 with a CAGR of 5.8% during the forecast period 2022-2028.
Global microalgae key players are DIC Corporation, Cyanotech Corporation, Algaetech Group etc. Top 5 companies occupied about 50% market share.Asia-Pacific is the largest market with about 50% market share. North America is follower, accounting for about 20% market share.In terms of product, spirulina is the largest segment, with a share over 60%. And in terms of application, the largest application is health, followed by food.
Global Microalgae Scope and Market Size
The global Microalgae market is segmented by region (country), company, by Type and by Application. Players, stakeholders, and other participants in the global Microalgae market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
Segment by Type
Spirulina
Dunaliella Salina
Chlorella
Aphanocapsa
Other
Segment by Application
Health
Food
Feed
Energy
Other
By Company
DIC Corporation
Cyanotech Corporation
Algaetech Group
TAAU Australia
Fuqing King Dnarmsa Spirulina
Shengbada Biology
Green A Biological
Dongtai City Spirulina Bio-Engineering
Alltech
Parry Nutraceuticals
BlueBioTech
Roquette
Allma (Allmicroalgae)
Global EcoPower (Cyane)
Archimede Ricerche
AlgaEnergy
Phycom
Necton
Chenghai Bao ER
Dongying Haifu Biological
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E