Global Microalgae Market Size To Exceed USD 29.73 Billion By 2035 | CAGR of 8.05%
Category: Consumer GoodsGlobal Microalgae Market Size To Exceed USD 29.73 Billion By 2035
According to a research report published by Spherical Insights & Consulting, The Global Microalgae Market size is expected to Grow from USD 12.68 Billion in 2024 to USD 29.73 Billion by 2035, at a CAGR of 8.05% during the forecast period 2025-2035.
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Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the" Global Microalgae Market Size, Share, and COVID-19 Impact Analysis, By Species (Spirulina, Chlorella, Nannochloropsis, Haematococcus, Isochrysis, Chlamydomonas, and Others), By Application (Food and Beverages Sector, Health and Medical Sector, Animal Feed Sector, Pet Food Sector, Cosmetics and Personal Care Sector, and Fertilizers Sector), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035. " Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/microalgae-market
The global economic sector that includes the study, production, processing, and marketing of microalgae and goods generated from them is known as the microalgae market. High-value substances like pigments, omega-3 fatty acids, proteins, antioxidants, polysaccharides, and bioactive metabolites can be produced by microalgae, which are tiny, photosynthetic organisms. Nutraceuticals, functional foods, medicines, cosmetics, biofuels, animal feed, wastewater treatment, and environmental management are just a few of the many uses in the market. Growing consumer awareness of health and well-being, and the need for natural, nutrient-rich ingredients in the pharmaceutical, functional food, and nutraceutical industries, are driving the microalgae market. The use of microalgae in wastewater treatment, animal feed, and cosmetics is further encouraged by the growing demand for environmentally friendly and sustainable products. Technological developments in bioprocessing, such as better photobioreactors and economical cultivation systems, increase output capacity and stimulate industry investment. However, high production costs, technological constraints, regulatory obstacles, and uneven large-scale yields that hinder widespread commercial adoption are the main factors restricting the microalgae market.
The spirulina segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the species, the microalgae market is divided into spirulina, chlorella, nannochloropsis, haematococcus, isochrysis, chlamydomonas, and others. Among these, the spirulina segment accounted for the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. spirulina is a concentrated supply of vitamins, amino acids, and fatty acids, making it perfect for a variety of fish species as well as shrimp, which account for the largest portion of aquaculture production.
The food and beverages segment accounted for the highest market revenue in 2024 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the application, the microalgae market is divided into food and beverages sector, health and medical sector, animal feed sector, pet food sector, cosmetics and personal care sector, and fertilizers sector. Among these, the food and beverages segment accounted for the highest market revenue in 2024 and is anticipated to grow at a significant CAGR during the forecast period. Microalgae are being used more and more by producers in the food and beverage industry to improve taste, color, and fortification.
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North America is expected to hold the majority share of the global microalgae market during the forecast period.
North America is expected to hold the majority share of the global microalgae market during the forecast period. Strong technological capabilities, a strong infrastructure for research and development, and supporting political policies all contribute to North America's success. Growing customer demand for nutrient-dense, sustainable products such as biofuels, functional foods, and omega-3 supplements further propels market expansion. Production efficiency and commercialization possibilities are increased by the region's well-established biotechnology sector and continuous investments in large-scale cultivation and bioprocessing advances.
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Asia Pacific is anticipated to grow at the fastest pace in the global microalgae market during the forecast period. Growing industrial applications and rising investment in sustainable biotechnologies are driving the Asia Pacific region." The pharmaceutical, functional food, and nutraceutical industries' growing need for nutrient-rich components is greatly accelerating the industry. The use of microalgae-based solutions is also being encouraged by government programs that support wastewater treatment, renewable energy, and environmentally friendly production methods.
Major vendors in the global microalgae market are Lonza, Daicel Corporation, Jubilant Life Sciences Ltd., Toronto Research Chemicals, Eastman Chemical Company, Laxmi Organic Industries Ltd., Mitsubishi Chemical Co., Ltd., Ningbo Wanglong Technology Co., Zhangjiagang Hope Chemicals Co., Nantong Acetic Acid Chemical Co., and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In March 2025, Daicel announced the launch of "BELLOCEA® BS7," an eco-friendly cosmetic texture enhancer offering high surface smoothness and biodegradability, reinforcing the company’s commitment to sustainable and innovative product development.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the microalgae market based on the below-mentioned segments:
Global Microalgae Market, By Species
- Spirulina
- Chlorella
- Nannochloropsis
- Haematococcus
- Isochrysis
- Chlamydomonas
- Others
Global Microalgae Market, By Application
- Food and Beverages
- Health and Medical
- Animal Feed
- Pet Food
- Cosmetics and Personal Care
- Fertilizers
Global Microalgae Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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