Global Microalgae Market USD XXX Billion by 2027.Global Microalgae Market reached USD XXX Billion in 2020. The Global Microalgae Market tends to grow by a CAGR of XX% in the 2021-2027 period.
Microalgae are microscopic planktons that are invisible to human eyes also known as microphytes; these algae are found in mineral water and marine systems. Their sizere varied from a hundred to a thousand depending upon the species. Increasing the use of microalgae protein and ingredients in the manufacturing of nutraceuticals, pharmaceutical is the major driving factor helping this market to grow. Technological advancement helps the players in this market to identify containment and development of new strain that can improve efficiency which is an opportunity for the market to grow. High costs included in harvesting and complex food regulations are major restraints hampering the growth of the market. Microalgae food and beverages segment is going to dominate the market in the future because microalgae enhance the taste, texture, flavor, quality of the food. In 2019, Alga Technologies Ltd. launched AstaPureEyeQ, a microencapsulated soluble in water, a 2% astaxanthin concentrate product.

The key regions covered in the global Microalgae market are North America, Latin America, Europe, Asia Pacific, and The ROW. The Asia Pacific accounted for the largest market share and it is estimated to grow in the forecasted period owing to the strategic investment and collaboration between the players, rising application of the microalgae-based product in various end-use industries.

Major market players included in this report are:
Koninkliijke DSM NV
Roquette Fr??res
Sun chlorella
Cellana LLC
Fuji Chemical Industries Co., Ltd.
Corbion (TerraVia Holdings)
Yunnan Green-A-Bio-engineering Co Ltd
Buggypower
Cyanotech Corporation
Algatec (Lusoamoreiras)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Species Type:
Spirulina
Chlorella
Dunaliella
Haematococcus
Crypthecodinium
Schizochytrium
Euglena
Nannochloropsis
Phaedactylum
Others
By Sources:
Marine Water
Fresh Water
By End-use:
Food and Beverages Sector
Health and Medical Sector
Pet Food Sector
Cosmetics and Personal Care Sector
Fertilizers Sector
By Region:
North America
The U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, the years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Microalgae Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors