Freshwater Microalgae Market Outlook (2023 to 2033)

The global freshwater microalgae market size is estimated to reach US$ 658.7 million in 2023. From 2023 to 2033, global freshwater microalgae sales are likely to surge at a robust CAGR of 9.3%. By 2033, the market value is projected to exceed US$ 1,605.0 million.

Demand remains especially high for spirulina spp. in the market. This is due to high nutritional profile of this freshwater microalgae strain.

Spirulina consists of approximately 60 grams of protein per 100 grams, accounting for 60% of the whole food, making it the most protein-rich food available in the current market.

Microalgae have garnered increasing interest across various sectors. This includes food & beverage, renewable energy, environmental management, water purification, and the manufacturing of chemicals such as healthcare products, biofertilizers, & cosmetics.

Microalgae are recognized as valuable reservoirs of bioactive compounds and have demonstrated potential in various pharmaceutical and healthcare domains. They are rich sources of amino acids and offer various health benefits.

Freshwater microalgae-based products offer the same nutritional value as traditional animal-based proteins but with a small environmental footprint. As a result, their popularity is increasing rapidly which is directly impacting the market growth.

Freshwater microalgae find application as ingredients in a diverse range of food and beverage products, such as nutritional supplements, functional foods, and natural food colorants. Hence, increasing consumption of these products will eventually boost the target market.

Few of the commonly used species of freshwater microalgae include Spirulina, Scenedesmus obliquus, haematococcus pluvialis, Chlorella vulgaris, microalgae Tetraselmis, Eugene glaciris, and Nannochloropsis.

Sales in the marketplace are likely to increase as a result of the expanding use of freshwater microalgae ingredients and proteins in the production of pharmaceutical and nutraceutical goods.

Rising management efforts to standardize the cultivation of freshwater microalgae will play a key role in fostering market development during the assessment period.

Changing consumer preferences and trends will also influence the demand for microalgae and microalgae-based products. For instance, a growing interest in plant-based and sustainable alternatives in food, beverages, and personal care products drives the demand for microalgae-derived ingredients.

Consumer awareness of the environmental benefits and health advantages associated with microalgae further stimulates market growth. Overall, consumer trends and preferences, driven by a focus on plant-based, sustainable, natural, and functional products, will significantly impact the market.

Another prominent factor that will create opportunities for freshwater microalgae product manufacturers is the rising food insecurity concerns.

There has been a sharp rise in food insecurity globally in recent years. For instance, as per the World Health Organization’s latest report, about 2.3 billion people globally were severely or moderately food insecure in 2021. This in turn is creating a conducive environment for the expansion of the freshwater microalgae industry.

Rising consumption of freshwater microalgae products is expected to play a key role in addressing food insecurity problem. This is because freshwater microalgae can be utilized as alternative foods on account of their high nutritional content.

Leading companies are focusing on employing new methods and production technologies to cut their costs and reduce their waste usage footprint. This will bode well for the market.

Key Trends Listed by Future Market Insights (FMI):

  • Diverse applications in several sectors, including biofuel production, food and feed, pharmaceuticals, etc. are likely to boost the freshwater microalgae industry.
  • Rapid shift from animal-based products such as animal-based proteins towards freshwater microalgae-based products is positively influencing fuel market expansion.
  • Surging demand for high-nutrition plant-based ingredients is anticipated to fuel freshwater microalgae sales.
  • Growing usage of freshwater microalgae for producing biofuels is likely to create new growth prospects for the market.
  • Rising consumer awareness about health benefits of freshwater microalgae including its anti-inflammatory activity is set to boost the market.
  • Surging demand for clean-label products and rising trend of veganism to is projected to bolster freshwater microalgae sales.
  • Potential of freshwater microalgae to address food insecurity globally will be key to market growth.
Attributes Key Insights
Global Freshwater Microalgae Market Estimated Size (2023E) US$ 658.7 million
Projected Market Value (2033F) US$ 1,605.0 million
Value-based CAGR (2023 to 2033) 9.3%
Top 3 Countries’ Value (2023) US$ 261.8 million

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How Has the Market Progressed So Far in 2023?

Market Statistics Details
Jan to Jun (H1), 2021 (A) 6.2%
Jul to Dec (H2), 2021 (A) 6.8%
Jan to Jun (H1), 2022 Projected (P) 7.1%
Jan to Jun (H1), 2022 Outlook (O) 6.9%
Jul to Dec (H2), 2022 Outlook (O) 7.4%
Jul to Dec (H2), 2022 Projected (P) 7.1%
Jan to Jun (H1), 2023 Projected (P) 8.9%
BPS Change: H1, 2022 (O) to H1, 2022 (P) 30
BPS Change: H1, 2022 (O) to H1, 2021 (A) 70
BPS Change: H2, 2022 (O) to H2, 2022 (P) -30
BPS Change: H2, 2022 (O) to H2, 2022 (A) 58

2018 to 2022 Global Freshwater Microalgae Sales Outlook Compared to Demand Forecast from 2023 to 2033

According to Future Market Insights’ (FMI) analysis, global freshwater microalgae sales grew at a CAGR of 6.8% from 2018 to 2022. For the next ten years, the worldwide market for freshwater microalgae is set to thrive at 9.3% CAGR.

Growth in the market is driven by rising usage of freshwater microalgae in a wide range of sectors including food & beverage, cosmetics, animal feed, and pharmaceutical, and biofuel production.

Freshwater microalgae contain nutrients and minerals such as polysaccharides, lipids, pigments, proteins, vitamins, bioactive compounds, antioxidants, etc. As a result, they are being increasingly incorporated into a variety of food products including superfoods and functional foods.

The interest of consumers in dietary supplements with antioxidant claims is steadily increasing. This in turn is creating high demand for freshwater microalgae and the trend is expected to continue through 2033.

Natural microalgae are preferred in various forms, including capsules, oils, soft gels, tablets, syrups, and creams, for dietary supplements. These products are gaining popularity due to the potent reactive oxygen-scavenging and antioxidant effects of microalgae.

Growing trend of veganism supported by rising demand for plant-based nutritional ingredients will foster market development during the projection period.

Regionally, Europe, Asia Pacific, and North America are expected to remain the key markets for freshwater microalgae. This is due to widening application of microalgae in food & beverage, biofuel, and pharmaceutical applications.

Government initiatives and support are also significantly contributing to the expansion of the freshwater microalgae industry in these regions.

Nandini Roy Choudhury
Nandini Roy Choudhury

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Adjacent Markets Overview

Microalgae-based Products Market:

Attributes Microalgae-based Products Market
CAGR (2023 to 2033) 7.9%
Market Value (2033) US$ 4.0 billion
Growth Factor Increasing demand for microalgae protein-based foods across the world is expected to boost the target market.
Opportunity Development of new technologies and investments in research and development to create growth prospects for the market.
Key Trends Growing consumer demand for nutritive and functional food items and rising trend of veganism will fuel microalgae-based product sales.

Pet Food Microalgae Market:

Attributes Pet Food Microalgae Market
CAGR (2023 to 2033) 5.0%
Market Value (2033) US$ 38.3 million
Growth Factor An increasing number of pets across the globe will boost the pet food microalgae market.
Opportunity The growing acceptability of microalgae in pet food to meet the natural ingredients' requirements in pet food formulations is projected to create profitable avenues for the target market.
Key Trends Shift towards plant-based (vegan) diets for pets will elevate pet food microalgae demand.

Plant-based Food Market:

Attributes Plant-based Food Market
CAGR (2023 to 2033) 12.2%
Market Value (2033) US$ 35.9 billion
Growth Factor Growing consumer opposition to animal products and rising veganism trend are providing impetus for market development.
Opportunity Increasing venture capital investments in plant-based food companies will fuel market expansion.
Key Trends Growing popularity of vegan and gluten-free diets will uplift plant-based food demand.

Country-wise Insights

Regions North America
Countries United States
CAGR 8.7%
BPS Analysis 126
Market Value (2033) US$ 338.2 million
Regions Europe
Countries United Kingdom
CAGR 6.4%
BPS Analysis -436
Market Value (2033) US$ 57.3 million
Regions Asia Pacific
Countries China
CAGR 7.4%
BPS Analysis -395
Market Value (2033) US$ 124.2 million
Regions Asia Pacific
Countries India
CAGR 8.0%
BPS Analysis -584
Market Value (2033) US$ 48.4 million
Regions Asia Pacific
Countries Japan
CAGR 9.1%
BPS Analysis 224
Market Value (2033) US$ 46.5 million

What is Fueling Freshwater Microalgae Sales in the United States?

Rising Demand for Natural Ingredients Fueling Freshwater Microalgae Sales in the United States

According to Future Market Insights (FMI), the United States freshwater microalgae market is expected to total a valuation of US$ 338.2 million by 2033. Sales of freshwater algae in the United States market are likely to soar at 8.7% CAGR between 2023 and 2033.

Consumers across the United States are shifting their preference towards natural and organic products, as they become more aware about their own and their family’s health and well-being. This is showing positive results for the freshwater microalgae industry in the United States.

Rising awareness has led consumers to educate themselves about ingredients that are present in the medicines or the food they consume. This has resulted in a shift towards products based on natural ingredients like freshwater microalgae.

The willingness of consumers to pay a premium price for natural products has changed the dynamics of the market. Manufacturers strive to maintain the trust of their consumers, which is why they prioritize transparency in the ingredients and production processes employed for freshwater microalgae.

What Makes China a Prominent Market for Freshwater Microalgae?

Wide Applicability of Freshwater Microalgae in Food & Beverage Products Driving Demand in China

China freshwater microalgae market is poised to exhibit a CAGR of 7.4% during the forecasted period. It is anticipated to cross a valuation of US$ 124.2 million by 2033.

Rising applications of freshwater microalgae in numerous food products and advancements in cultivation technologies are key factors driving China market forward.

Freshwater microalgae find application as ingredients in a diverse range of food and beverage products, such as nutritional supplements, functional foods, and natural food colorants. The market for these microalgae is propelled by the growing consumer demand for healthy and sustainable food choices.

The appealing attributes of vibrant colors, nutritional richness, and functional properties make freshwater microalgae highly desirable for enhancing both the nutritional value and visual allure of various food products.

There have been significant advancements in the cultivation technologies of microalgae. This in turn is significantly affecting the expansion of freshwater microalgae industry across China.

Microalgae are microscopic algae that have diverse applications in various sectors, including biofuels, food and feed, pharmaceuticals, and wastewater treatment. Widening applications of these products are prompting companies to invest in technologies such as photobioreactors.

Photobioreactors are enclosed systems that provide controlled conditions for microalgae growth. They offer advantages such as high biomass productivity, protection from contaminants, and the ability to optimize light intensity, temperature, and nutrient supply.

Advances in photobioreactor design, such as tubular, flat-panel, and airlift photobioreactors, have improved light utilization efficiency and facilitated large-scale cultivation. This in turn is expected to foster market development in China.

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Category-wise Insights

Why is Demand for Spirulina spp. Rising Globally?

Growing Usage of Spirulina spp. in the Food Sector Fueling its Demand

As per Future Market Insights (FMI), demand for spirulina spp. is expected to rise at a healthy pace during the forecast period. This is attributable to high adoption of this strain in food & beverage sector.

Spirulina spp. is a famous and highly used strain of freshwater microalgae in the food sector due to its high nutritional value and potential health benefits.

Spirulina contains higher levels of proteins, bioactive compounds, and unsaturated fatty acids compared to other strains. This makes it more suitable for human consumption as well as use as a feed supplement for aquaculture animals.

Growing demand for super supplements and other dietary goods is expected to boost growth of the target segment. This is due to rising adoption of spirulina in high-nutritional foods and supplements

Spirulina spp. grows easily in warm alkaline conditions and can tolerate harsh environmental stressors that might kill off competing species. This makes it more popular than other strains.

Which is the Highly Remunerative End-use Application of Freshwater Microalgae?

Food & Beverage and Health & Medical to Remain Most Lucrative Applications

Based on application, food & beverage and health & medical segments will together hold a prominent share of the global freshwater microalgae industry. This is due to rising usage of freshwater algae across these sectors.

In the food sector, microalgae are considered a superfood for their rich content of vitamins, proteins, carbohydrates, omega-3 fatty acids, antioxidants, minerals, etc. Presence of these essential nutrients is making fresh algae ideal for fortifying food products.

Freshwater microalgae ingredients such as phycocyanin and chlorophyll derivatives are also widely used as natural colorants and flavor enhancers in the food sector.

In medical & healthcare, microalgae-based bioproducts offer exciting possibilities for pharmaceutical and nutraceutical companies. Its applications include treating chronic diseases such as diabetes, cancer, and cardiovascular disease and improving brain function by protecting against oxidative damage.

With the increasing global population, conventional meat sources face challenges in meeting future demands. Algae provide a promising alternative source of environmentally sustainable, high-quality animal-free protein.

Competitive Landscape

Freshwater microalgae is a widely used component in a wide range of products, including food goods, cosmetics, and animal feed. As a result, numerous producers and new companies are investing in the freshwater microalgae market.

While certain companies specialize in the cultivation and processing of freshwater microalgae, others create novel products that benefit from their unique properties. Due to this, a variety of freshwater microalgae-based products, including snacks and skin care products, have been announced to the market.

Leading producers are also investing in products based on freshwater microalgae to meet the rising demand for plant-based alternatives.

Further, various freshwater microalgae companies are also showing interest in employing strategies such as mergers, facility expansions, partnerships, collaborations, etc. to gain profits.

Recent developments:

  • In 2019, Cyanotech Corporation launched a new freshwater microalgae product called Spirulina Pacifica. This product is rich in antioxidants, vitamins, and minerals and is known for its potential health benefits.
  • In 2022, a well-known company Tianjin Norland Biotech Co., Ltd. built a new scientific and advanced algal breeding & selection laboratory to ensure breeding of excellent algal species scientifically for better quality.
  • In 2019, Algama, a French company, launched Springwave, a beverage made from freshwater microalgae spirulina. It is a rich source of protein, vitamins, and minerals.
  • In July 2022, Allmicroalgae showcased its microalgae-based solutions of Chlorella and Spirulina, and other natural food & nutraceutical solutions at BIOFACH.
  • In 2021, Fermentalg announced development of a new super-nutritious algal protein concentrate, called KALVEA Plus, for aquafeed applications.

Scope of the Report

Attribute Details
Estimated Market Value (2023) US$ 658.7 million
Projected Market Value (2033) US$ 1,605.0 million
Anticipated Growth Rate (2023 to 2033) 9.3% CAGR
Forecast Period 2023 to 2033
Historical Data Available for 2018 to 2022
Market Analysis Volume (MT) and Value (US$ Million)
Key Regions Covered Latin America; North America; Europe; South Asia; East Asia; Oceania; and Middle East & Africa
Key Countries Covered Canada, United States, Mexico, Brazil, Chile, Peru, Argentina, Germany, France, Italy, Spain, United Kingdom, Netherlands, Belgium, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, and others
Key Market Segments Covered Strain Type, End Use Application, and Region
Key Companies Profiled Allmicroalgae; Cyanotech Corporation; Earthrise Nutritionals; Ecoduna; Fermentalg; Fujifilm Corporation; Heliae Development, LLC; Lyxia Corporation; Martek Biosciences (a division of DSM); Nutress B.V; EID Parry (Parry Nutraceuticals); Pond Technologies; Roquette Klötze GmbH & Co. KG; Solazyme (now known as TerraVia); Solix Ingredients; Symbiosis LLC; Synthetic Genomics, Inc.; Tianjin Norland Biotech Co., Ltd.; Yunnan Green A Bio-engineering Co., Ltd.; Taiwan Chlorella Manufacturing Company (TCMC); AlgaEnergy; Seambiotic Ltd.; Necton SA; Fuqing King Dnarmsa Spirulina Co., Ltd.; C.B.N. Bio-engineering Co., Ltd; Algenol; Shaivaa Algaetech; Bluetec Naturals Co., Ltd; Zhejiang Binmei Biotechnology Co., Ltd

Freshwater Microalgae Market by Category

By Strain Type:

  • Chlorella spp.
  • Spirulina spp.
  • Nannochloropsis
  • Dunaliella
  • Haematococcus Spp.
  • Scenedesmus spp.
  • Euglena spp.
  • Tetraselmis spp.

By End Use Application:

  • Food & Beverage Sector
  • Health & Medical Sector
  • Animal Feed Sector
  • Biofuel Production
  • Cosmetics & Personal Care Sector
  • Fertilizers Sector
  • Pet Food Sector

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Frequently Asked Questions

How big is the global market for freshwater microalgae?

The global freshwater microalgae market value is estimated to reach about US$ 658.7 million in 2023.

What is the anticipated valuation for the global freshwater microalgae industry by 2033?

By 2033, the worldwide freshwater microalgae industry is projected to reach US$ 1,605.0 million.

At what rate is global demand for freshwater microalgae expected to increase from 2023 to 2033?

Global freshwater microalgae demand is expected to increase at a CAGR of around 9.3% through 2033.

What was the historical CAGR for the freshwater microalgae industry?

The freshwater microalgae industry registered a CAGR of 6.8% historically, from 2018 to 2022.

Which region is expected to hold a prominent market share by 2033?

Europe is expected to have a prominent market share of 33.7% by the end of 2033.

Table of Content

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 Background

    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 Strain 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 2018 to 2022 and Forecast, 2023 to 2033

    6.1. Historical Market Size in Value (US$ Million) and Volume (MT) Analysis, 2018 to 2022

    6.2. Current and Future Market Size in Value (US$ Million) and Volume (MT) Analysis, 2023 to 2033

        6.2.1. Y-o-Y Growth Trend Analysis

        6.2.2. Absolute $ Opportunity Analysis

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Strain Type

    7.1. Introduction / Key Findings

    7.2. Historical Market Size in Value (US$ Million) and Volume (MT) Analysis By Strain Type, 2018 to 2022

    7.3. Current and Future Market Size in Value (US$ Million) and Volume (MT) Analysis and Forecast By Strain Type, 2023 to 2033

        7.3.1. Chlorella Spp.

        7.3.2. Spirulina Spp.

        7.3.3. Nannochloropsis

        7.3.4. Dunaliella

        7.3.5. Haematococcus Spp.

        7.3.6. Scenedesmus Spp.

        7.3.7. Euglena Spp.

        7.3.8. Tetraselmis Spp.

    7.4. Market Attractiveness Analysis By Strain Type

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use Application

    8.1. Introduction / Key Findings

    8.2. Historical Market Size in Value (US$ Million) and Volume (MT) Analysis By End Use Application, 2018 to 2022

    8.3. Current and Future Market Size in Value (US$ Million) and Volume (MT) Analysis and Forecast By End Use Application, 2023 to 2033

        8.3.1. Food & Beverage Sector

        8.3.2. Health & Medical Sector

        8.3.3. Animal Feed Sector

        8.3.4. Biofuel Production

        8.3.5. Cosmetics & Personal Care Sector

        8.3.6. Fertilizers Sector

        8.3.7. Pet Food Sector

    8.4. Market Attractiveness Analysis By End Use Application

9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region

    9.1. Introduction

    9.2. Historical Market Size in Value (US$ Million) and Volume (MT) Analysis By Region, 2018 to 2022

    9.3. Current Market Size in Value (US$ Million) and Volume (MT) Analysis and Forecast By Region, 2023 to 2033

        9.3.1. North America

        9.3.2. Latin America

        9.3.3. Europe

        9.3.4. East Asia

        9.3.5. South Asia

        9.3.6. Oceania

        9.3.7. Middle East & Africa

    9.4. Market Attractiveness Analysis By Region

10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    10.1. Introduction

    10.2. Historical Market Size (US$ Million) and Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.3. Market Size (US$ Million) and Volume (MT) Forecast By Market Taxonomy, 2023 to 2033

        10.3.1. By Country

            10.3.1.1. United States

            10.3.1.2. Canada

        10.3.2. By Strain Type

        10.3.3. By End Use Application

    10.4. Market Attractiveness Analysis

        10.4.1. By Country

        10.4.2. By Strain Type

        10.4.3. By End Use Application

    10.5. Key takeaways

11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    11.1. Introduction

    11.2. Historical Market Size (US$ Million) and Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.3. Market Size (US$ Million) and Volume (MT) Forecast By Market Taxonomy, 2023 to 2033

        11.3.1. By Country

            11.3.1.1. Brazil

            11.3.1.2. Mexico

            11.3.1.3. Argentina

            11.3.1.4. Rest of Latin America

        11.3.2. By Strain Type

        11.3.3. By End Use Application

    11.4. Market Attractiveness Analysis

        11.4.1. By Country

        11.4.2. By Strain Type

        11.4.3. By End Use Application

    11.5. Key takeaways

12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    12.1. Introduction

    12.2. Historical Market Size (US$ Million) and Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.3. Market Size (US$ Million) and Volume (MT) Forecast By Market Taxonomy, 2023 to 2033

        12.3.1. By Country

            12.3.1.1. Germany

            12.3.1.2. United Kingdom

            12.3.1.3. France

            12.3.1.4. Italy

            12.3.1.5. Spain

            12.3.1.6. BENELUX

            12.3.1.7. Nordic

            12.3.1.8. Russia

            12.3.1.9. Poland

            12.3.1.10. Rest of Europe

        12.3.2. By Strain Type

        12.3.3. By End Use Application

    12.4. Market Attractiveness Analysis

        12.4.1. By Country

        12.4.2. By Strain Type

        12.4.3. By End Use Application

    12.5. Key takeaways

13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    13.1. Introduction

    13.2. Historical Market Size (US$ Million) and Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.3. Market Size (US$ Million) and Volume (MT) Forecast By Market Taxonomy, 2023 to 2033

        13.3.1. By Country

            13.3.1.1. China

            13.3.1.2. Japan

            13.3.1.3. South Korea

        13.3.2. By Strain Type

        13.3.3. By End Use Application

    13.4. Market Attractiveness Analysis

        13.4.1. By Country

        13.4.2. By Strain Type

        13.4.3. By End Use Application

    13.5. Key takeaways

14. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    14.1. Introduction

    14.2. Historical Market Size (US$ Million) and Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.3. Market Size (US$ Million) and Volume (MT) Forecast By Market Taxonomy, 2023 to 2033

        14.3.1. By Country

            14.3.1.1. India

            14.3.1.2. Thailand

            14.3.1.3. Malaysia

            14.3.1.4. Indonesia

            14.3.1.5. Vietnam

            14.3.1.6. Philippines

            14.3.1.7. Singapore

            14.3.1.8. Rest of South Asia

        14.3.2. By Strain Type

        14.3.3. By End Use Application

    14.4. Market Attractiveness Analysis

        14.4.1. By Country

        14.4.2. By Strain Type

        14.4.3. By End Use Application

    14.5. Key takeaways

15. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    15.1. Introduction

    15.2. Historical Market Size (US$ Million) and Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022

    15.3. Market Size (US$ Million) and Volume (MT) Forecast By Market Taxonomy, 2023 to 2033

        15.3.1. By Country

            15.3.1.1. Australia

            15.3.1.2. New Zealand

        15.3.2. By Strain Type

        15.3.3. By End Use Application

    15.4. Market Attractiveness Analysis

        15.4.1. By Country

        15.4.2. By Strain Type

        15.4.3. By End Use Application

    15.5. Key takeaways

16. Middle East & Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    16.1. Introduction

    16.2. Historical Market Size (US$ Million) and Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022

    16.3. Market Size (US$ Million) and Volume (MT) Forecast By Market Taxonomy, 2023 to 2033

        16.3.1. By Country

            16.3.1.1. GCC Countries

            16.3.1.2. Turkiye

            16.3.1.3. Egypt

            16.3.1.4. South Africa

            16.3.1.5. Rest of Middle East & Africa

        16.3.2. By Strain Type

        16.3.3. By End Use Application

    16.4. Market Attractiveness Analysis

        16.4.1. By Country

        16.4.2. By Strain Type

        16.4.3. By End Use Application

    16.5. Key takeaways

17. Country-level Market Analysis, 2023

    17.1. United States Market Analysis

        17.1.1. By Strain Type

        17.1.2. By End Use Application

    17.2. Canada Market Analysis

        17.2.1. By Strain Type

        17.2.2. By End Use Application

    17.3. Brazil Market Analysis

        17.3.1. By Strain Type

        17.3.2. By End Use Application

    17.4. Mexico Market Analysis

        17.4.1. By Strain Type

        17.4.2. By End Use Application

    17.5. Argentina Market Analysis

        17.5.1. By Strain Type

        17.5.2. By End Use Application

    17.6. Germany Market Analysis

        17.6.1. By Strain Type

        17.6.2. By End Use Application

    17.7. United Kingdom Market Analysis

        17.7.1. By Strain Type

        17.7.2. By End Use Application

    17.8. France Market Analysis

        17.8.1. By Strain Type

        17.8.2. By End Use Application

    17.9. Italy Market Analysis

        17.9.1. By Strain Type

        17.9.2. By End Use Application

    17.10. Spain Market Analysis

        17.10.1. By Strain Type

        17.10.2. By End Use Application

    17.11. BENELUX Market Analysis

        17.11.1. By Strain Type

        17.11.2. By End Use Application

    17.12. Nordic Market Analysis

        17.12.1. By Strain Type

        17.12.2. By End Use Application

    17.13. Russia Region Market Analysis

        17.13.1. By Strain Type

        17.13.2. By End Use Application

    17.14. Poland Market Analysis

        17.14.1. By Strain Type

        17.14.2. By End Use Application

    17.15. China Market Analysis

        17.15.1. By Strain Type

        17.15.2. By End Use Application

    17.16. Japan Market Analysis

        17.16.1. By Strain Type

        17.16.2. By End Use Application

    17.17. South Korea Market Analysis

        17.17.1. By Strain Type

        17.17.2. By End Use Application

    17.18. India Market Analysis

        17.18.1. By Strain Type

        17.18.2. By End Use Application

    17.19. Thailand Market Analysis

        17.19.1. By Strain Type

        17.19.2. By End Use Application

    17.20. Malaysia Market Analysis

        17.20.1. By Strain Type

        17.20.2. By End Use Application

    17.21. Indonesia Market Analysis

        17.21.1. By Strain Type

        17.21.2. By End Use Application

    17.22. Vietnam Market Analysis

        17.22.1. By Strain Type

        17.22.2. By End Use Application

    17.23. Philippines Market Analysis

        17.23.1. By Strain Type

        17.23.2. By End Use Application

    17.24. Singapore Market Analysis

        17.24.1. By Strain Type

        17.24.2. By End Use Application

    17.25. Australia Market Analysis

        17.25.1. By Strain Type

        17.25.2. By End Use Application

    17.26. New Zealand Market Analysis

        17.26.1. By Strain Type

        17.26.2. By End Use Application

    17.27. GCC Countries Market Analysis

        17.27.1. By Strain Type

        17.27.2. By End Use Application

    17.28. Turkiye Market Analysis

        17.28.1. By Strain Type

        17.28.2. By End Use Application

    17.29. Egypt Market Analysis

        17.29.1. By Strain Type

        17.29.2. By End Use Application

    17.30. South Africa Market Analysis

        17.30.1. By Strain Type

        17.30.2. By End Use Application

18. Market Structure Analysis

    18.1. Global Market Competition - a Dashboard View

    18.2. Industry Structure Analysis

        18.2.1. % tier 1 market players

        18.2.2. % tier 2 market players

        18.2.3. % tier 3 market players

    18.3. Global  Market Company Share Analysis

        18.3.1. For Tier 1 Market Players, 2023

        18.3.2. Company Market Share Analysis of Top 5 Players, By Region

    18.4. Key Participants Market Presence (Intensity Mapping) by Region

19. Competition Analysis

    19.1. Competition Dashboard

    19.2. Competition Benchmarking

    19.3. Competition Deep Dive

        19.3.1. Allmicroalgae

            19.3.1.1. Product Portfolio

            19.3.1.2. Product Claim

            19.3.1.3. Revenue by Market Segments (Strain Type/End Use Application/Region)

            19.3.1.4. Sales Footprint

            19.3.1.5. Strategy Overview

                19.3.1.5.1. Marketing Strategy

                19.3.1.5.2. Product Strategy Channel Strategy

            19.3.1.6. SWOT Analysis

        19.3.2. Cyanotech Corporation

            19.3.2.1. Product Portfolio

            19.3.2.2. Product Claim

            19.3.2.3. Revenue by Market Segments (Strain Type/End Use Application/Region)

            19.3.2.4. Sales Footprint

            19.3.2.5. Strategy Overview

                19.3.2.5.1. Marketing Strategy

                19.3.2.5.2. Product Strategy Channel Strategy

            19.3.2.6. SWOT Analysis

        19.3.3. Ecoduna

            19.3.3.1. Product Portfolio

            19.3.3.2. Product Claim

            19.3.3.3. Revenue by Market Segments (Strain Type/End Use Application/Region)

            19.3.3.4. Sales Footprint

            19.3.3.5. Strategy Overview

                19.3.3.5.1. Marketing Strategy

                19.3.3.5.2. Product Strategy Channel Strategy

            19.3.3.6. SWOT Analysis

        19.3.4. Fermentalg

            19.3.4.1. Product Portfolio

            19.3.4.2. Product Claim

            19.3.4.3. Revenue by Market Segments (Strain Type/End Use Application/Region)

            19.3.4.4. Sales Footprint

            19.3.4.5. Strategy Overview

                19.3.4.5.1. Marketing Strategy

                19.3.4.5.2. Product Strategy Channel Strategy

            19.3.4.6. SWOT Analysis

        19.3.5. Martek Biosciences (a division of DSM)

            19.3.5.1. Product Portfolio

            19.3.5.2. Product Claim

            19.3.5.3. Revenue by Market Segments (Strain Type/End Use Application/Region)

            19.3.5.4. Sales Footprint

            19.3.5.5. Strategy Overview

                19.3.5.5.1. Marketing Strategy

                19.3.5.5.2. Product Strategy Channel Strategy

            19.3.5.6. SWOT Analysis

        19.3.6. Nutress B.V

            19.3.6.1. Product Portfolio

            19.3.6.2. Product Claim

            19.3.6.3. Revenue by Market Segments (Strain Type/End Use Application/Region)

            19.3.6.4. Sales Footprint

            19.3.6.5. Strategy Overview

                19.3.6.5.1. Marketing Strategy

                19.3.6.5.2. Product Strategy Channel Strategy

            19.3.6.6. SWOT Analysis

        19.3.7. EID Parry (Parry Nutraceuticals)

            19.3.7.1. Product Portfolio

            19.3.7.2. Product Claim

            19.3.7.3. Revenue by Market Segments (Strain Type/End Use Application/Region)

            19.3.7.4. Sales Footprint

            19.3.7.5. Strategy Overview

                19.3.7.5.1. Marketing Strategy

                19.3.7.5.2. Product Strategy Channel Strategy

            19.3.7.6. SWOT Analysis

        19.3.8. Pond Technologies

            19.3.8.1. Product Portfolio

            19.3.8.2. Product Claim

            19.3.8.3. Revenue by Market Segments (Strain Type/End Use Application/Region)

            19.3.8.4. Sales Footprint

            19.3.8.5. Strategy Overview

                19.3.8.5.1. Marketing Strategy

                19.3.8.5.2. Product Strategy Channel Strategy

            19.3.8.6. SWOT Analysis

        19.3.9. Roquette Klötze GmbH & Co. KG

            19.3.9.1. Product Portfolio

            19.3.9.2. Product Claim

            19.3.9.3. Revenue by Market Segments (Strain Type/End Use Application/Region)

            19.3.9.4. Sales Footprint

            19.3.9.5. Strategy Overview

                19.3.9.5.1. Marketing Strategy

                19.3.9.5.2. Product Strategy Channel Strategy

            19.3.9.6. SWOT Analysis

        19.3.10. Tianjin Norland Biotech Co., Ltd.

            19.3.10.1. Product Portfolio

            19.3.10.2. Product Claim

            19.3.10.3. Revenue by Market Segments (Strain Type/End Use Application/Region)

            19.3.10.4. Sales Footprint

            19.3.10.5. Strategy Overview

                19.3.10.5.1. Marketing Strategy

                19.3.10.5.2. Product Strategy Channel Strategy

            19.3.10.6. SWOT Analysis

        19.3.11. Taiwan Chlorella Manufacturing Company

            19.3.11.1. Product Portfolio

            19.3.11.2. Product Claim

            19.3.11.3. Revenue by Market Segments (Strain Type/End Use Application/Region)

            19.3.11.4. Sales Footprint

            19.3.11.5. Strategy Overview

                19.3.11.5.1. Marketing Strategy

                19.3.11.5.2. Product Strategy Channel Strategy

            19.3.11.6. SWOT Analysis

        19.3.12. AlgaEnergy

            19.3.12.1. Product Portfolio

            19.3.12.2. Product Claim

            19.3.12.3. Revenue by Market Segments (Strain Type/End Use Application/Region)

            19.3.12.4. Sales Footprint

            19.3.12.5. Strategy Overview

                19.3.12.5.1. Marketing Strategy

                19.3.12.5.2. Product Strategy Channel Strategy

            19.3.12.6. SWOT Analysis

        19.3.13. Seambiotic Ltd.

            19.3.13.1. Product Portfolio

            19.3.13.2. Product Claim

            19.3.13.3. Revenue by Market Segments (Strain Type/End Use Application/Region)

            19.3.13.4. Sales Footprint

            19.3.13.5. Strategy Overview

                19.3.13.5.1. Marketing Strategy

                19.3.13.5.2. Product Strategy Channel Strategy

            19.3.13.6. SWOT Analysis

        19.3.14. Necton SA

            19.3.14.1. Product Portfolio

            19.3.14.2. Product Claim

            19.3.14.3. Revenue by Market Segments (Strain Type/End Use Application/Region)

            19.3.14.4. Sales Footprint

            19.3.14.5. Strategy Overview

                19.3.14.5.1. Marketing Strategy

                19.3.14.5.2. Product Strategy Channel Strategy

            19.3.14.6. SWOT Analysis

        19.3.15. Fuqing King Dnarmsa Spirulina Co., Ltd.

            19.3.15.1. Product Portfolio

            19.3.15.2. Product Claim

            19.3.15.3. Revenue by Market Segments (Strain Type/End Use Application/Region)

            19.3.15.4. Sales Footprint

            19.3.15.5. Strategy Overview

                19.3.15.5.1. Marketing Strategy

                19.3.15.5.2. Product Strategy Channel Strategy

            19.3.15.6. SWOT Analysis

        19.3.16. C.B.N. Bio-engineering Co., Ltd

            19.3.16.1. Product Portfolio

            19.3.16.2. Product Claim

            19.3.16.3. Revenue by Market Segments (Strain Type/End Use Application/Region)

            19.3.16.4. Sales Footprint

            19.3.16.5. Strategy Overview

                19.3.16.5.1. Marketing Strategy

                19.3.16.5.2. Product Strategy Channel Strategy

            19.3.16.6. SWOT Analysis

        19.3.17. Algenol

            19.3.17.1. Product Portfolio

            19.3.17.2. Product Claim

            19.3.17.3. Revenue by Market Segments (Strain Type/End Use Application/Region)

            19.3.17.4. Sales Footprint

            19.3.17.5. Strategy Overview

                19.3.17.5.1. Marketing Strategy

                19.3.17.5.2. Product Strategy Channel Strategy

            19.3.17.6. SWOT Analysis

        19.3.18. Shaivaa Algaetech

            19.3.18.1. Product Portfolio

            19.3.18.2. Product Claim

            19.3.18.3. Revenue by Market Segments (Strain Type/End Use Application/Region)

            19.3.18.4. Sales Footprint

            19.3.18.5. Strategy Overview

                19.3.18.5.1. Marketing Strategy

                19.3.18.5.2. Product Strategy Channel Strategy

            19.3.18.6. SWOT Analysis

        19.3.19. Bluetec Naturals Co.,Ltd

            19.3.19.1. Product Portfolio

            19.3.19.2. Product Claim

            19.3.19.3. Revenue by Market Segments (Strain Type/End Use Application/Region)

            19.3.19.4. Sales Footprint

            19.3.19.5. Strategy Overview

                19.3.19.5.1. Marketing Strategy

                19.3.19.5.2. Product Strategy Channel Strategy

            19.3.19.6. SWOT Analysis

        19.3.20. Zhejiang Binmei Biotechnology Co.,Ltd

            19.3.20.1. Product Portfolio

            19.3.20.2. Product Claim

            19.3.20.3. Revenue by Market Segments (Strain Type/End Use Application/Region)

            19.3.20.4. Sales Footprint

            19.3.20.5. Strategy Overview

                19.3.20.5.1. Marketing Strategy

                19.3.20.5.2. Product Strategy Channel Strategy

            19.3.20.6. SWOT Analysis

        19.3.21. Other Players (On Additional Requests)

            19.3.21.1. Product Portfolio

            19.3.21.2. Product Claim

            19.3.21.3. Revenue by Market Segments (Strain Type/End Use Application/Region)

            19.3.21.4. Sales Footprint

            19.3.21.5. Strategy Overview

                19.3.21.5.1. Marketing Strategy

                19.3.21.5.2. Product Strategy Channel Strategy

            19.3.21.6. SWOT Analysis

20. Assumptions and Acronyms

21. Research Methodology

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