"Market Intelligence that Adds Flavour to Your Success"

Microalgae Food Market Size, Share and Global Trend By Strain (Chlorella, Spirulina, Dunaliella salina, Others), By Form (Capsules, Liquid, Tablets), By Distribution Channel (Retail Stores, Online Channels, Hypermarkets/Supermarkets, Others) and Geography Forecast Till 2030

Region : Global | Report ID: FBI100802 | Status : Ongoing

 

KEY MARKET INSIGHTS

Fostering world population that has led to a rapid increase in the demand of affordable, sustainable and nutrient-rich food to feed the growing population, is leading to the exploitation of microalgae, as they contain numerous bioactive compounds that are beneficial for human health. According to the National Center for Biotechnology Information (NCBI), by 2050, algae may account for 18% of protein sources across the more diverse world market. Dried algae obtained from microalgae are rich of crucial nutrients, has anti-oxidant properties, and presence of fatty acids and natural pigments within them, that makes them ideal to be utilized in the production of superfoods or functional foods. Microalgae is widely acknowledged and accepted as dietary supplements across the world and are known to improve gastrointestinal, immunological, and cardiovascular health.


Along with new product launch, development of efficient and cost-effective technologies for the production of a huge amount of microalgae to be utilized in the food industry as food ingredients is the major focus of key market players. Cyanotech Corporation, DIC Corporation, Corbion NV, and Algaetech International Sdn Bhd are some of the major market players of the microalgae food market and holds a major share of the market.

To gain extensive insights into the market, Request for Customization


Microalgae are eukaryotic organisms, found in marine systems, soil environments, or freshwater, and are a crucial part of the food chain. They are a rich source of vitamins, proteins, fibers, and minerals, and hence are advantageous for human health. Spirulina and Chlorella are the two significant strains of microalgae that have tremendous anti-oxidant properties and hence are widely used in the production of microalgae food.


Presence of carbohydrates, enzymes, fiber, protein, and vitamins in microalgae is boosting their growth as a crucial food ingredient in food & beverage industry, especially in developing economies such as China, Japan, Indonesia, South Korea, and others. Rising adoption of microalgae as supplements or natural colorants in various food products including, pizza, snack bars, drinks, and others is expected to aid the growth of microalgae food market. Furthermore, rising health awareness among people is projected to fuel the consumption of dietary or health supplements made up of microalgae biomass during the forecast years.


Stringent regulations on production and consumption of food that includes microalgae may hamper the market growth over the forecast period. Algae may accumulate toxins or heavy metals sometimes when exposed to it in marine systems. In Europe, there are firm legal limits for the safe maximum exposure of metals, such as lead, mercury, and others in food for human consumption. Other restraining factors for the growth of global microalgae food market are climatic variability and less awareness about the product among consumers.


Key Players Covered


Some of the major companies that are present in the global microalgae food market are DIC Corporation, Taau Australia Private Limited, Cyanotech Corporation, TerraVia Holdings, Inc., Cellana, LLC., E.I.D- Parry (India) Ltd., and Fuqing King Dnarmsa Spirulina Co. Ltd.


SEGMENTATION


























SEGMENTATION



 DETAILS



By Strain



· Chlorella


· Spirulina


· Dunaliella salina


· Others



By Form



· Capsules


· Liquid


· Tablets



By Distribution Channel



· Retail Stores


· Online Channels


· Hypermarkets/Supermarkets


· Others



By Geography



· North America (the USA and Canada)


· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)


· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)


· Latin America (Brazil, Mexico and Rest of Latin America)


· Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)



 


At present, Spirulina and Chlorella hold the major market share in the global microalgae food market as both the strain types are beneficial for human health and hence is rapidly getting adoption by food & beverage product manufacturers. The aforementioned strain segments are expected to constitute 80% of the microalgae food market during the forecast period. Spirulina is a blue-green alga, that is rich in Vitamin B12, Fatty Gamma-Linolenic Acid (GLA), and complete protein, while Chlorella is ultra-rich in crucial nucleic acids and is an efficient cleansing agent for the human body.


Hypermarkets/Supermarkets are projected to hold the major revenue share during the forecast period, owing to high consumer dependency on them for buying grocery products as well as dietary supplements. Presence of a wide range of products in hypermarkets/supermarkets provides customers a wide range of options to choose from, hence boosting the market growth. Online channels segment is expected to witness a significant rise over the forecast period, due to ease, convenience, and discount on particular products offered by them.


Regional Analysis


At present, North America, followed by Europe holds the major market shares and is expected to be holding the major market shares in the global microalgae food market during the forecast period, owing to escalating adoption of microalgae as food additives by food producers, coupled with the rising number of SME in microalgae cultivation industry.


The microalgae food market in the Asia Pacific is projected to witness a rapid growth owing to increased cultivation and consumption of microalgae food by Asian consumers, especially those based in China, Indonesia, and South Korea.


Key Industry Developments



  • In February 2019, Algatechnologies, a leading microalgae cultivation company based in Israeli, launched an all-natural, algae complex, called AstaPure Arava. The product can be used to produce energy bars as well as other products that can be combined with powder.
  • In September 2017, Corbion, a Dutch producer of microalgae ingredients completed its acquisition of TerraVia Holdings, a pioneer company in algae innovation.

  • Ongoing
  • 2022
  • 2019-2021

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $6850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Food & Beverages Clients

Kpmg
Health Canada
Fuji film
Daesang
Fresenius

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- UGlobal hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X