AUSTIN, Oct. 25, 2022 (GLOBE NEWSWIRE) -- Recent study report released by Data Bridge Market research titled “” (covering USA, Europe, China, Japan, India, South East Asia and etc) highlights opportunities, risk analysis, and leveraged with strategic and tactical decision-making support. When every business is competing to be the best, a market research analysis report is one of the key factors that will help them climb the ladder of success. The Microalgae market report gives details about market trends, future prospects, market restraints, leading market drivers, several market segments, key developments, key players in the market, and competitor strategies. Market research analysis is one of the best ways that answers business challenges more quickly and also saves a lot of time. The research work, market insights and analysis is carried out thoroughly in this Microalgae report that brings the marketplace clearly into the centre of attention.
Data Bridge Market Research analyses that the microalgae market which was USD 950.0 million in 2021, would rocket up to USD 1537.16 million by 2029, and is expected to undergo a CAGR of 6.20% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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, commonly known as single-celled algae, are tiny forms of algae. Either singly or as colonies, they are able to live. These are microscopic organisms that can photosynthesize in both freshwater and saltwater. They can vary in size and shape depending on their species, with sizes ranging from micrometres to hundreds of micrometres. Microalgae's primary job is to create algal biomass from sunlight, carbon dioxide, and water.
Microalgae are minute planktons that can be found in the sediment of both freshwater and marine systems. They are also referred to as macrophytes. These unicellular animals have the ability to live singly, in communities, or in chains. Their size can vary from one microns to a hundred microns depending on the species.
Increase in the number of research and development activities
The rising investment in algae production acts as an opportunity for the growth of the microalgae market Many top microalgae businesses are building in the UK algae sector to accelerate their carbon footprint reduction and renewable energy generation strategies.
Some of the major players operating in the Microalgae market are:
- Cellana Inc. (U.S.)
- DSM (Netherlands)
- Biofuels Digest (U.S.)
- Corbion (Netherlands)
- Algarithm (U.S.)
- Cyanotech Corporation (U.S.)
- Henry Lamotte Oils GmbH (U.S.)
- Algaecytes (U.K.)
- Australian Spirulina (Australia)
- Algatech LTD (Israel)
- Lyxia (U.S.)
- BASF SE (Germany)
- Kuehnle AgroSystems Inc. (U.S.)
- ALGISYS Biosciences Inc. (U.S.)
- euglena Co., Ltd. (Japan)
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Recent Development
- In October 2020, Cyanotech Corporation introduced BioAstin, a product made from microalgae. The launched has demonstrated effectiveness in the treatment of, among other things, joint health, skin illness, and cardiovascular disease. The newly released product expanded the company's product line and increased income.
- In January 2019, Omega-3 DHA algal oil produced by Algarithm was granted non-GMO certification. This accreditation demonstrated that the company is trying to adhere to best GMO practises and strict requirements to maintain the product's quality. This accreditation strengthened the company's reputation in the microalgae market.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Microalgae market
Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Microalgae Market
Market Dynamics: Microalgae Market
- Rising vegetarianism
The market is expanding due to factors such as rising vegetarianism, strict regulations regarding the use of synthetic colours and flavours, rising malnutrition, rising demand for products derived from spirulina, particularly Omega-3 fatty acids, expanding use of spirulina in aquaculture, rising investments from top colour houses, and expanding use of spirulina in aquaculture.
- Rising value due to microalgae cleaning
Chlorella is a highly investigated alga with several papers from hospitals, research institutes, and academic institutions. With more than 30% of the population using it as their primary health supplement, it is the most well-liked health food supplement in Japan. The market value for this niche is increased by its cleansing, nourishing, and renewing properties, which make the body's natural defence and repair mechanisms more efficient.
- Rise in ageing population
The growth of the supplement industry are the ageing population, growing consumer understanding of preventative healthcare, the rise of the self-directed consumer (self-diagnosis over health practitioner diagnosis), channel proliferation (various marketing techniques and E-Commerce), and the shift from ingredient-focused messaging to broader brand positioning (grouping supplements together solely to form a healthy benefits package). The value and sales of nutritional, herbal, and vitamin goods are rising significantly on a global scale.
How Does the Report Aid Your Business Discretion?
- The report unravels details on pronounced share assessments across both country-wise as well as region-based segments
- A leading synopsis of market share analysis of dynamic players inclusive of high-end industry veterans
- New player entry analysis and the scope of new business models
- The report includes strategic recommendations for new business veterans as well as established players seeking novel growth avenues
- Detailed consultation services based on historical as well as current timelines to ensure feasible forecast predictions
- A thorough evaluation and detailed study of various segments as well as sub-segments across regional and country-specific developments
- Details on market estimations, market size, dimensions
- A review of market competitors, their high-end product and service portfolios, dynamic trends, as well as technological advances that portray high end growth in this Market
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Key Segmentation: Microalgae Market
The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
By Product Type
- Dunaliella Salina
- Chlorella
- Others
By Microalgae Strain
- Haematococcus Pluvialis
- Phaeodactylum Tricornutum
- Porphyridium Cruentum
- Nannochloropsis
- Others
By Category
- Organic
- Inorganic
By Form
- Powder/Dry
- Liquid
By Grade
- Food Grade
- Feed Grade
- Fuel Grade
- Cosmetics Grade
- Others
By Application
- Food and Beverage
- Pharmaceuticals
- Cosmetics and Personal Care
- Bio-Fuel
- Inks
- Animal Feed
- Others
By Distribution Channel
- Indirect
- Direct
Regional Analysis/Insights: Microalgae Market
The countries covered in the microalgae market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region is expected to grow with the highest growth rate in the forecast period of 2022 to 2029 due to the organic cultivation are ecofriendly and economical for the production.
Asia-Pacific is dominating the market due to government initiatives raising awareness towards ecofriendly products.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Market Overview
- Global Microalgae Market, By Product Type
- Global Microalgae Market, By Microalgae Strain
- Global Microalgae Market, By Category
- Global Microalgae Market, By Form
- Global Microalgae Market, By Grade
- Global Microalgae Market, By Application
- Global Microalgae Market, By Distribution Channel
- Global Microalgae Market, By Region
- Global Microalgae Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
To Check the Complete Table Of contents, click here @ https://www.databridgemarketresearch.com/toc/?dbmr=global-microalgae-market
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