Microphytes (Microalgae) Market
Microphytes (Microalgae) Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Microphytes (Microalgae) Market Size and Growth
The microphytes (microalgae) market is witnessing substantial growth, driven by increasing demand across food, feed, and biofuel industries. Market size is projected to reach USD 1.5 billion by 2025, reflecting a CAGR of 9.5%.
Enhanced focus on sustainable practices and health benefits further promotes market expansion amidst evolving consumer preferences. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ DIC Corporation
◍ Cyanotech Corporation
◍ Algaetech Group
◍ TAAU Australia
◍ Fuqing King Dnarmsa Spirulina
◍ Shengbada Biology
◍ Green A Biological
◍ Dongtai City Spirulina Bio-Engineering
◍ Alltech
◍ Parry Nutraceuticals
◍ BlueBioTech
◍ Roquette
◍ Allma (Allmicroalgae)
◍ Cyane
◍ Archimede Ricerche
◍ AlgaEnergy
◍ Phycom
The microphytes (microalgae) market is competitive, with companies like DIC Corporation, Cyanotech Corporation, and Algaetech Group leading in production and innovation. They contribute through health supplements, biofuels, and aquaculture. Sales revenues include Cyanotech at $7.8 million, DIC Corporation with approximately $1.2 billion, and Alltech at $2.2 billion.
◍ Necton
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Market Segmentation
By Application
Pharmaceuticals
Feed
Food
Biofuel
Other
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By Product
Spirulina
Dunaliella Salina
Chlorella
Aphanocapsa
Other
$ 346.00 Million
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