MarketSegmentation
By Product
Type:
Spirulina
Haematococcus (Astaxanthin)
Others (e.g., Dunaliella, Beta-Carotene)
By Application: Functional Foods & Beverages
Dietary Supplements
Sports Nutrition
Chlorella
Market Value
2024 Market Size: USD 863.4 million
Projected 2032 Market Size: USD 2,064.1 million
Compound Annual Growth Rate (CAGR): 11.6% (2025–2032)
Historical CAGR (2019–2024): 9.2%
Market Opportunities
Rising demand for plant-based sources.
Integration of microalgae in fu
Expansion in sports nutrition
Advancements in cultivation a
Emerging markets in Asia-Pac
Sample Report
Key Players/Stakeholders
Major
Regional Analysis
North America: Significant market driven by stringent environmental regulations and high demand for purification systems.
Europe: Focus on sustainability and strict air and water quality standards supporting market growth.
Asia-Pacific: Fastest-growing region with key markets in China, India, and Japan due to rapid industrialization and urbanization.
Latin America & Middle East & Africa: Emerging markets with increasing adoption in industrial and municipal applications.
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