The algae-based supplement market size is expected to expand from US$ 2,365.3 million in 2024 to US$ 4,804.5 million by 2034. sales of algae-based supplements are likely to soar at a 7.3% CAGR from 2024 to 2034. Several reasons can be attributed to this growth:
Attributes | Details |
---|---|
Algae-based Supplement Market Size (2024) | US$ 2,365.3 million |
Projected Market Size (2034) | US$ 4,804.5 million |
Value-based CAGR (2024 to 2034) | 7.3% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The algae-based supplement market is anticipated to surpass a valuation of US$ 4804.5 million by 2034, growing at a 7.30% CAGR. While the market is expected to experience remarkable growth, several factors are expected to adversely affect its development:
Attributes | Details |
---|---|
Top Product Type | Soft Gels |
CAGR (2024 to 2034) | 3.90% |
The soft-gel segment is anticipated to thrive at a 3.9% CAGR during the projection period to reach a market valuation of US$ 1215.5 million by 2034.
Attributes | Details |
---|---|
Top Algae Type | Microalgae |
CAGR (2024 to 2034) | 4.80% |
The microalgae segment is anticipated to thrive at a 4.8% CAGR over the forecast period to reach a market valuation of US$ 3,122.9 million by 2034.
The section provides an analysis of the algae-based supplement market by country, including Japan, Canada, the United States, the United Kingdom, and Germany. The table presents the CAGRs for each country, indicating the expected growth of the market in that country through 2034.
Countries | CAGR (2024 to 2034) |
---|---|
United States | 8.2% |
United Kingdom | 7.1% |
Japan | 5.2% |
Canada | 5.9% |
Germany | 4.3% |
The United States leads the market in the North American region. Over the next ten years, the demand for algae-based supplements is projected to rise at an 8.20% CAGR.
The United Kingdom dominates the market in the European region. The United Kingdom's algae-based supplement market is anticipated to exhibit an annual growth rate of 7.10% till 2034.
Japan is the leading country from the Asian region in this market. The Japanese algae-based supplement market is anticipated to retain its dominance by progressing at an annual growth rate of 5.20% till 2034.
In the North American region, Canada, too, leads the algae-based supplement market. The Canadian market is predicted to grow at an annual growth rate of 5.9% CAGR through 2034.
Germany is another European country that leads the global market. The German algae-based supplement market is predicted to grow at an annual growth rate of 4.30% CAGR through 2034.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The market for algae-based supplements is filled with numerous international and domestic companies, such as Algatech, Cyanotech Corporation, Terravia (now owned by Corbion), Fuqing King Dnarmsa Spirulina Co. Ltd., Allmicroalgae, and DIC Corporation, etc.
These companies are investing heavily in research and development to create novel and high-quality algae-based supplement formulations. Besides this, key players in the market are also embracing environmentally friendly cultivation and extraction methods to cater to the demands of eco-conscious consumers and businesses.
Recent Developments
The algae-based supplement market is expected to be worth US$ 2,365.3 million in 2024.
The market is expected to reach US$ 4,804.5 million by 2034.
The algae-based supplement market is growing at a CAGR of 7.3% from 2024 to 2034.
Some of the key players include Algatech, Cyanotech Corporation, Terravia (now owned by Corbion), Fuqing King Dnarmsa Spirulina Co. Ltd., Allmicroalgae, and DIC Corporation, etc.
The online retailing segment is the highly preferred sales channel when it comes to algae-based supplements.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Technology Roadmap 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition 3. Market Dynamics 3.1. Drivers 3.1.1. Supply Side Drivers 3.1.2. Demand Side drivers 3.1.3. Economic Side Drivers 3.2. Restraints 3.3. Opportunity 3.4. Market trends by Region 3.5. Forecast Factors - Relevance & Impact 3.6. Regulations and Policies 4. Global Market - Pricing Analysis 4.1. Price Point Assessment by Region 4.1.1. Manufacturer Level Pricing 4.1.2. Distributor Level Pricing 4.2. Price Point Assessment by Product Type 4.3. Price Forecast till 2033 5. Value Chain Analysis 5.1. Operating margins at each node of supply chain 5.2. List of Active Market Participants 6. Global Market Size in Value (US$ million) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034 6.1. Historical Market Size in Value (US$ million) and Volume (MT) Analysis, 2019 to 2023 6.2. Current and Future Market Size in Value (US$ million) and Volume (MT) Analysis, 2024 to 2034 6.2.1. Y-o-Y Growth Trend Analysis 6.2.2. Absolute $ Opportunity Analysis 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product Type 7.1. Introduction / Key Findings 7.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis by Product Type, 2019 to 2023 7.3. Current and Future Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast by Product Type, 2024 to 2034 7.3.1. Tablets 7.3.2. Capsules 7.3.3. Soft Gel 7.3.4. Powder & Granules 7.3.5. Liquid 7.4. Market Attractiveness Analysis by Product Type 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Algae Type 8.1. Introduction / Key Findings 8.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis by Algae Type, 2019 to 2023 8.3. Current and Future Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast by Algae Type, 2024 to 2034 8.3.1. Microalgae 8.3.1.1. Chlorella 8.3.1.2. Dunaliella Salina 8.3.1.3. Spirulina 8.3.1.4. Aphanizomenon Flos-Aquae 8.3.1.5. Haematococcus Pluvialis 8.3.1.6. Other Types 8.3.2. Macroalgae 8.3.2.1. Nori 8.3.2.2. Kelp 8.3.2.3. Bladderwrack 8.3.2.4. Wakame 8.3.2.5. Dulse 8.3.2.6. Others 8.4. Market Attractiveness Analysis by Algae Type 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Consumer Orientation 9.1. Introduction / Key Findings 9.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis by Consumer Orientation, 2019 to 2023 9.3. Current and Future Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast by Consumer Orientation, 2024 to 2034 9.3.1. Men 9.3.2. Women 9.3.3. Unisex 9.3.4. Kids 9.4. Market Attractiveness Analysis by Consumer Orientation 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Sales Channel 10.1. Introduction / Key Findings 10.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis by Sales Channel, 2019 to 2023 10.3. Current and Future Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast by Sales Channel, 2024 to 2034 10.3.1. Store-Based Retailing 10.3.1.1. Hypermarkets/Supermarkets 10.3.1.2. Convenience Stores 10.3.1.3. Drug Stores and Pharmacies 10.3.1.4. Health and Wellness Stores 10.3.1.5. Other Retailers 10.3.2. Online Retailing 10.4. Market Attractiveness Analysis by Sales Channel 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 11.1. Introduction 11.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis by Region, 2019 to 2023 11.3. Current Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast by Region, 2024 to 2034 11.3.1. North America 11.3.2. Latin America 11.3.3. Europe 11.3.4. East Asia 11.3.5. South Asia 11.3.6. Oceania 11.3.7. Middle East & Africa 11.4. Market Attractiveness Analysis by Region 12. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 12.1. Introduction 12.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis by Market Taxonomy, 2019 to 2023 12.3. Market Size (US$ million) and Volume(MT) Forecast by Market Taxonomy, 2024 to 2034 12.3.1. by Country 12.3.1.1. United States 12.3.1.2. Canada 12.3.2. by Product Type 12.3.3. by Algae Type 12.3.4. by Consumer Orientation 12.3.5. by Sales Channel 12.4. Market Attractiveness Analysis 12.4.1. by Country 12.4.2. by Product Type 12.4.3. by Algae Type 12.4.4. by Consumer Orientation 12.4.5. by Sales Channel 12.5. Key takeaways 13. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13.1. Introduction 13.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis by Market Taxonomy, 2019 to 2023 13.3. Market Size (US$ million) and Volume (MT) Forecast by Market Taxonomy, 2024 to 2034 13.3.1. by Country 13.3.1.1. Brazil 13.3.1.2. Mexico 13.3.1.3. Argentina 13.3.1.4. Rest of Latin America 13.3.2. by Product Type 13.3.3. by Algae Type 13.3.4. by Consumer Orientation 13.3.5. by Sales Channel 13.4. Market Attractiveness Analysis 13.4.1. by Country 13.4.2. by Product Type 13.4.3. by Algae Type 13.4.4. by Consumer Orientation 13.4.5. by Sales Channel 13.5. Key takeaways 14. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14.1. Introduction 14.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis by Market Taxonomy, 2019 to 2023 14.3. Market Size (US$ million) and Volume(MT) Forecast by Market Taxonomy, 2024 to 2034 14.3.1. by Country 14.3.1.1. Germany 14.3.1.2. United Kingdom 14.3.1.3. France 14.3.1.4. Italy 14.3.1.5. Spain 14.3.1.6. BENELUX 14.3.1.7. Nordic 14.3.1.8. Russia 14.3.1.9. Poland 14.3.1.10. Rest of Europe 14.3.2. by Product Type 14.3.3. by Algae Type 14.3.4. by Consumer Orientation 14.3.5. by Sales Channel 14.4. Market Attractiveness Analysis 14.4.1. by Country 14.4.2. by Product Type 14.4.3. by Algae Type 14.4.4. by Consumer Orientation 14.4.5. by Sales Channel 14.5. Key takeaways 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Introduction 15.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis by Market Taxonomy, 2019 to 2023 15.3. Market Size (US$ million) and Volume(MT) Forecast by Market Taxonomy, 2024 to 2034 15.3.1. by Country 15.3.1.1. China 15.3.1.2. Japan 15.3.1.3. South Korea 15.3.2. by Product Type 15.3.3. by Algae Type 15.3.4. by Consumer Orientation 15.3.5. by Sales Channel 15.4. Market Attractiveness Analysis 15.4.1. by Country 15.4.2. by Product Type 15.4.3. by Algae Type 15.4.4. by Consumer Orientation 15.4.5. by Sales Channel 15.5. Key takeaways 16. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16.1. Introduction 16.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis by Market Taxonomy, 2019 to 2023 16.3. Market Size (US$ million) and Volume(MT) Forecast by Market Taxonomy, 2024 to 2034 16.3.1. by Country 16.3.1.1. India 16.3.1.2. Thailand 16.3.1.3. Malaysia 16.3.1.4. Indonesia 16.3.1.5. Vietnam 16.3.1.6. Philippines 16.3.1.7. Singapore 16.3.1.8. Rest of South Asia 16.3.2. by Product Type 16.3.3. by Algae Type 16.3.4. by Consumer Orientation 16.3.5. by Sales Channel 16.4. Market Attractiveness Analysis 16.4.1. by Country 16.4.2. by Product Type 16.4.3. by Algae Type 16.4.4. by Consumer Orientation 16.4.5. by Sales Channel 16.5. Key takeaways 17. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17.1. Introduction 17.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis by Market Taxonomy, 2019 to 2023 17.3. Market Size (US$ million) and Volume(MT) Forecast by Market Taxonomy, 2024 to 2034 17.3.1. by Country 17.3.1.1. Australia 17.3.1.2. New Zealand 17.3.2. by Product Type 17.3.3. by Algae Type 17.3.4. by Consumer Orientation 17.3.5. by Sales Channel 17.4. Market Attractiveness Analysis 17.4.1. by Country 17.4.2. by Product Type 17.4.3. by Algae Type 17.4.4. by Consumer Orientation 17.4.5. by Sales Channel 17.5. Key takeaways 18. MEA Market Analysis 2019 to 2023 and Forecast 2024 to 2034 18.1. Introduction 18.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis by Market Taxonomy, 2019 to 2023 18.3. Market Size (US$ million) and Volume(MT) Forecast by Market Taxonomy, 2024 to 2034 18.3.1. by Country 18.3.1.1. GCC Countries 18.3.1.2. Turkeye 18.3.1.3. Egypt 18.3.1.4. South Africa 18.3.1.5. Rest of MEA 18.3.2. by Product Type 18.3.3. by Algae Type 18.3.4. by Consumer Orientation 18.3.5. by Sales Channel 18.4. Market Attractiveness Analysis 18.4.1. by Country 18.4.2. by Product Type 18.4.3. by Algae Type 18.4.4. by Consumer Orientation 18.4.5. by Sales Channel 18.5. Key takeaways 19. Country-level Market Analysis, 2024 19.1. United States Market Analysis 19.1.1. by Product Type 19.1.2. by Algae Type 19.1.3. by Consumer Orientation 19.1.4. by Sales Channel 19.2. Canada Market Analysis 19.2.1. by Product Type 19.2.2. by Algae Type 19.2.3. by Consumer Orientation 19.2.4. by Sales Channel 19.3. Brazil Market Analysis 19.3.1. by Product Type 19.3.2. by Algae Type 19.3.3. by Consumer Orientation 19.3.4. by Sales Channel 19.4. Mexico Market Analysis 19.4.1. by Product Type 19.4.2. by Algae Type 19.4.3. by Consumer Orientation 19.4.4. by Sales Channel 19.5. Argentina Market Analysis 19.5.1. by Product Type 19.5.2. by Algae Type 19.5.3. by Consumer Orientation 19.5.4. by Sales Channel 19.6. Germany Market Analysis 19.6.1. by Product Type 19.6.2. by Algae Type 19.6.3. by Consumer Orientation 19.6.4. by Sales Channel 19.7. United Kingdom Market Analysis 19.7.1. by Product Type 19.7.2. by Algae Type 19.7.3. by Consumer Orientation 19.7.4. by Sales Channel 19.8. France Market Analysis 19.8.1. by Product Type 19.8.2. by Algae Type 19.8.3. by Consumer Orientation 19.8.4. by Sales Channel 19.9. Italy Market Analysis 19.9.1. by Product Type 19.9.2. by Algae Type 19.9.3. by Consumer Orientation 19.9.4. by Sales Channel 19.10. Spain Market Analysis 19.10.1. by Product Type 19.10.2. by Algae Type 19.10.3. by Consumer Orientation 19.10.4. by Sales Channel 19.11. BENELUX Market Analysis 19.11.1. by Product Type 19.11.2. by Algae Type 19.11.3. by Consumer Orientation 19.11.4. by Sales Channel 19.12. Nordic Market Analysis 19.12.1. by Product Type 19.12.2. by Algae Type 19.12.3. by Consumer Orientation 19.12.4. by Sales Channel 19.13. Russia Region Market Analysis 19.13.1. by Product Type 19.13.2. by Algae Type 19.13.3. by Consumer Orientation 19.13.4. by Sales Channel 19.14. Poland Market Analysis 19.14.1. by Product Type 19.14.2. by Algae Type 19.14.3. by Consumer Orientation 19.14.4. by Sales Channel 19.15. China Market Analysis 19.15.1. by Product Type 19.15.2. by Algae Type 19.15.3. by Consumer Orientation 19.15.4. by Sales Channel 19.16. Japan Market Analysis 19.16.1. by Product Type 19.16.2. by Algae Type 19.16.3. by Consumer Orientation 19.16.4. by Sales Channel 19.17. South Korea Market Analysis 19.17.1. by Product Type 19.17.2. by Algae Type 19.17.3. by Consumer Orientation 19.17.4. by Sales Channel 19.18. India Market Analysis 19.18.1. by Product Type 19.18.2. by Algae Type 19.18.3. by Consumer Orientation 19.18.4. by Sales Channel 19.19. Thailand Market Analysis 19.19.1. by Product Type 19.19.2. by Algae Type 19.19.3. by Consumer Orientation 19.19.4. by Sales Channel 19.20. Malaysia Market Analysis 19.20.1. by Product Type 19.20.2. by Algae Type 19.20.3. by Consumer Orientation 19.20.4. by Sales Channel 19.21. Indonesia Market Analysis 19.21.1. by Product Type 19.21.2. by Algae Type 19.21.3. by Consumer Orientation 19.21.4. by Sales Channel 19.22. Vietnam Market Analysis 19.22.1. by Product Type 19.22.2. by Algae Type 19.22.3. by Consumer Orientation 19.22.4. by Sales Channel 19.23. Philippines Market Analysis 19.23.1. by Product Type 19.23.2. by Algae Type 19.23.3. by Consumer Orientation 19.23.4. by Sales Channel 19.24. Singapore Market Analysis 19.24.1. by Product Type 19.24.2. by Algae Type 19.24.3. by Consumer Orientation 19.24.4. by Sales Channel 19.25. Australia Market Analysis 19.25.1. by Product Type 19.25.2. by Algae Type 19.25.3. by Consumer Orientation 19.25.4. by Sales Channel 19.26. New Zealand Market Analysis 19.26.1. by Product Type 19.26.2. by Algae Type 19.26.3. by Consumer Orientation 19.26.4. by Sales Channel 19.27. GCC Countries Market Analysis 19.27.1. by Product Type 19.27.2. by Algae Type 19.27.3. by Consumer Orientation 19.27.4. by Sales Channel 19.28. Turkey Market Analysis 19.28.1. by Product Type 19.28.2. by Algae Type 19.28.3. by Consumer Orientation 19.28.4. by Sales Channel 19.29. Egypt Market Analysis 19.29.1. by Product Type 19.29.2. by Algae Type 19.29.3. by Consumer Orientation 19.29.4. by Sales Channel 19.30. South Africa Market Analysis 19.30.1. by Product Type 19.30.2. by Algae Type 19.30.3. by Consumer Orientation 19.30.4. by Sales Channel 20. Market Structure Analysis 20.1. Global Market Competition - a Dashboard View 20.2. Industry Structure Analysis 20.2.1. % tier 1 market players 20.2.2. % tier 2 market players 20.2.3. % tier 3 market players 20.3. Global Market Company Share Analysis 20.3.1. For Tier 1 Market Players, 2023 20.3.2. Company Market Share Analysis of Top Players, by Region 20.4. Key Participants Market Presence (Intensity Mapping) by Region 21. Competition Analysis 21.1. Competition Dashboard 21.2. Competition Benchmarking 21.3. Competition Deep Dive 21.3.1. Now Foods 21.3.1.1. Product Portfolio 21.3.1.2. Product Claim 21.3.1.3. Revenue by Market Segments (Product/Channel/Region) 21.3.1.4. Sales Footprint 21.3.1.5. Strategy Overview 21.3.1.6. SWOT Analysis 21.3.2. Kent BioEnergy Corporation 21.3.3. TerraVia Holdings Inc. 21.3.4. Koninklijke DSM N.V. 21.3.5. Holistic Herbal Solutions LLC 21.3.6. Taau Australia Pty Ltd. 21.3.7. Algae Health Science 21.3.8. Cyanotech Corporation 21.3.9. Vitamin Discount Center 21.3.10. DIC Corporation 21.3.11. Herbal Terra LLC 21.3.12. Doctor's Best 21.3.13. Chlorella Supply Co. Ltd. 21.3.14. Pharmavite LLC 21.3.15. Nutress B.V. 21.3.16. Fuqing King Dnarmsa Spirulina Co. Ltd. 21.3.17. Others (on additional request) 22. Assumptions and Acronyms 23. Research Methodology
Explore Food and Beverage Insights
View Reports