Microalgae-based Products Market
Microalgae-based Products Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Microalgae-based Products Market Size and Growth
The Microalgae-based Products market is rapidly expanding, driven by increasing demand for sustainable food, feed, and biofuel solutions. The global market size was valued at approximately $1.5 billion in 2022 and is projected to grow at a CAGR of around 8.5%, reflecting heightened interest in environmentally friendly alternatives and health benefits. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ Euglena
◍ Cyanotech
◍ AstaReal AB
◍ BlueBioTech
◍ Cargill
◍ Necton
◍ Cellana
◍ Far East Bio-Tec
◍ Algae Health Sciences
◍ Algae International Berhad
◍ Nordic Naturals
◍ Guangdong Runke Bioenergering
◍ Source Omega
◍ Wuhan Bioco Sci. & Tech
◍ Huzhou Sifeng Biochem
◍ Xiamen Huison Biotech
◍ Deva Nutrition
◍ InovoBiologic
The microalgae-based products market features companies like Euglena, Cyanotech, and AstaReal AB, focusing on nutraceuticals, food additives, and cosmetics. They leverage microalgae for health benefits, increasing market growth. Sales revenues include Cyanotech at $10 million and AstaReal at $30 million, highlighting industry potential and expansion.
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Market Segmentation
By Application
Food & Beverages ◍ Personal Care
◍ Nutraceutical & Dietary Supplements
◍ Pharmaceuticals ◍ Animal Feed ◍ Others
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By Product
Spirulina
Chlorella
Others
Market Growth
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$ X Billion USD
