Global Market Study on Microalgae: North America to be Largest Market for Microalgae during 2017 to 2026

Microalgae  Market
  • Published On : Feb-2018 |
  • Pages : 170 Pages |
  • Format : Microalgae  Market Microalgae  Market Microalgae  Market Microalgae  Market

Sought in both freshwater and marine environments, microalgae find extensive utilization as food as well as live feed in aquaculture. Gaining popularity as a promising nutrient source, microalgae impart high nutrition and comprise high-value compounds including pigments, fatty acids, and anti-oxidants. The market size and quantities of nutrients produced from microalgae, although being significantly smaller than various other commodity crops, outlook of demand for microalgae-based nutrients is expected to be impressive in the foreseeable future.

Microalgae viewed as Major Source of Food Ingredients

In spite of various challenges such as climatic conditions, complex regulations of food authorities, and low consumer demand, the market for microalgae is likely to spur in the near future. This can be highly attributed to technological and scientific innovations and developments, along with the dominant position of microalgae in the agri-food market. Being rich source of fiber, enzymes, protein, and carbohydrates, microalgae have become a major source of food ingredients, particularly across Asia countries such as South Korea, and China. Biomass of microalgae is marketed in the form of liquid, capsules, and tablets, which are utilized as nutritional supplements. Microalgae also seek use as natural food colorants or supplements in pasta, drinks, or snack foods.

Microalgae harvesting involves concentration of dilute suspensions of microalgae, and major techniques employed for harvesting and recovery of microalgae are filtration, flocculation and centrifugation. These techniques however have limitations associated with cost and energy demand, along with high processing time requirement. As amount of energy utilized in these processes is enormous, new companies face barriers in entering the market, while existing companies face difficulties in scaling up production. The situation aggravates further in case of small & medium-sized companies (SMEs). In a bid to resolve these challenges, new technologies that hold potential in curtailing cost of harvesting and recover are being developed by well-established firms through robust investments in research & development.

Persistence Market Research has compiled a new report on the global microalgae market for the forecast period (2017-2026). The report projects the global market for microalgae to exhibit a moderate growth through 2026. Worldwide sales of microalgae are estimated to exceed US$ 75 Mn in revenues by 2026-end.

North America to Remain Most Lucrative Market for Microalgae

North America has been slated to remain the most lucrative market for microalgae, mainly driven by technological vigour of the region in harvesting and extraction of microalgae. In addition, the pharmaceutical industry in the region has showcased a significant rise since the recent past. On account of microalgae’s composition of various high-value compounds, such as polysaccharides and polyunsaturated fatty acid, it seeks robust adoption in the pharmaceutical companies. Microalgae is also witnessing tremendous adoption in the region’s food industry as additives.

Spirulina will continue to be the leading revenue contributing product in the global microalgae market. Spirulina is widely commercialized and employed as nutritional supplements in food. It also seeks tremendous adoption as animal feed additives. Spirulina is gaining worldwide popularity as one of the highly nutritious food supplement, as it is an excellent source of proteins, vitamins, and pigments. Revenues from global sales of spirulina are estimated to close in nearly US$ 40 Mn by 2026-end.

Food and feed industry is expected to prevail as the leading application of microalgae, in terms of revenues as well as sales expansion. Microalgae are widely utilized for enhancing the nutritional value of food products and animal feed. Use of microalgae as a substitute for biodiesel feedstock has gained high interest among researchers and entrepreneurs. Retail stores and online stores are projected to endure as the fast expanding sales channel for microalgae, with sales collectively poised to exceed US$ 40 Mn in revenues by 2026-end.

Competition Tracking

Cost-effective and more efficient technologies are being developed in the market by leading market players, in a bid to reduce operational and investment costs related to microalgae production. These new technologies are likely to be integrated with SME microalgae extraction and harvesting systems, helping these SMEs in addressing larger markets and expanding their businesses. Key companies profiled by the report, who support expansion of the global microalgae market, include Cyanotech Corporation, DIC Corporation, TerraVia Holdings, Inc., E.I.D.- Parry (India) Limited, Cellana, LLC, Fuqing King Dnarmsa Spirulina Co. Ltd, Algae.Tec Limited, and Taau Australia Pty Ltd.

Microalgae has emerged as new promising source of nutrients that comprise high-value compounds such as anti-oxidants, pigments, and fatty acids. Despite challenges such as climatic conditions coupled with low consumer demand and complexities in regulations, demand outlook for microalgae is expected to be positive, driven by the scientific and technological innovations and dominance of microalgae in agri-food markets worldwide. Persistence Market Research presents an all-inclusive report titled, “Microalgae Market: Global Industry Analysis (2012-2016) & Forecast (2017-2026)”. The report encompasses all major trends playing a fundamental role in growth of the global microalgae market, and highlights opportunities restraints and drivers that are likely to leave a significant effect on the market through the forecast period. The report imparts an exhaustive perspective on the global market for microalgae in terms of revenues (US$).

Report Structure

The report initiates with an executive summary that provides a complete picture of the global microalgae market, including the region-wise outlook coupled with relevant market numbers. The executive summary also offers forecast on other microalgae market segments in terms of market share, revenues, and CAGRs. A chapter on overview, which trails the executive summary, provides a concise market introduction which includes a market taxonomy table and a formal definition of “microalgae”. The overview chapter elucidates key nodes of the global microalgae market such as supply chain, cost structure, service provider list, raw material sourcing strategies, and pricing analysis. This chapter also issues a succinct study on the overall market approach of key players partaking in the global microalgae market, displaying their presence on an intensity map.

Market Taxonomy

The report also delivers assessment on the global market for microalgae through a segmentation analysis in its following chapters. The market has been branched on the basis of sales channel, applications, product type, and region. These market segments have been scrutinized and analyzed based on a comparative study that involves revenues, market share, and Y-o-Y growth through the forecast period. Geographically, the global market for microalgae has been segmented into Latin America, Japan, North America, Europe, Asia-Pacific excluding Japan, and Middle East & Africa.


Product Type


Sales Channel

North America


Food and Feed Industry

Hyper Market/Super Market

Latin America


Pharmaceutical Industry

Retail Stores


Dunaliella Salina

Cosmetics Industry

Online Sales


Chemical Industry


Other Industrial Applications


 Competition Landscape 

A chapter provided in the report, which is dedicated to the global microalgae market’s competition landscape, issues analysis on key players underpinning the market expansion. Imperative information on these market players along with novel strategies adopted by them for staying at the market’s forefront has been delivered in this chapter. Companies included in the report are profiled individually by the report in terms of their product overview, company overview, key financials, and key developments. A SWOT analysis has been offered on each company, providing detailed intelligence on their strengths, weaknesses, opportunities & threats dealt. The chapter on competition landscape is priceless for readers of the report, owing to the provision of a deep understanding of the market players. This concluding chapter of the report is also valuable for new market entrants for better understanding their competitors.

Research Methodology

Analysts of Persistence Market Research adhere to a robust research methodology for analyzing the overall market size through historical data, public domain data, and primary responses. Revenues from companies supporting expansion of the global microalgae market have been benchmarked for ascertaining the market size. Macroeconomic factors such as the industry growth and GDP of regional segments have been considered for envisaging the market size during the forecast period. Historical expansion of end-use industries, performance of the market players and current macroeconomic outlook are also considered for estimating the market trend forecast. Data obtained is then been validated using effective tools by PMR’s analysts for garnering qualitative and quantitative insights on the global microalgae market.

Companies covered in Microalgae Market Report

Company Profiles

  • Cyanotech Corporation
  • DIC Corporation
  • TerraVia Holdings, Inc
  • E.I.D.- Parry (India) Limited
  • Cellana, LLC
  • Fuqing King Dnarmsa Spirulina Co. Ltd
  • Algae.Tec Limited
  • Taau Australia Pty Ltd
  • Algenol
  • Kent Bioenergy Corporation
  • Others.
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