Microphytes or microalgae are microscopic algae, typically found in freshwater and marine systems living in both the water column and sediment. They are unicellular species which exist individually, or in chains or groups. Depending on the species, their sizes can range from a few micrometers (µm) to a few hundreds of micrometers. Unlike higher plants, microalgae do not have roots, stems, or leaves.
The global Microalgae industry mainly concentrates in USA, Europe, China and Japan. The global leading players in this market are DIC Corporation, Cyanotech Corporation, Algaetech Group, TAAU Australia, Fuqing King Dnarmsa Spirulina, Shengbada Biology, CBN, Green-A, Parry, Nutraceuticals, Hydrolina Biotech, Spirin, Chenghai Bao ER.
Currently, a major challenge affecting the market growth is the limitation of downstream market. As large demand of healthy products at home and abroad, many companies began to enter the field. Currently, the Microalgae industry is not only begin to transit to Microalgae products, while still extend in the resource-rich land and downstream industry chain.
According to this study, over the next five years the Microalgae market will register a 3.5% CAGR in terms of revenue, the global market size will reach US$ 3790 million by 2024, from US$ 3090 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Microalgae business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Microalgae market by product type, application, key manufacturers and key regions and countries.
This study considers the Microalgae value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Spirulina
Chlorella
Arthrospira
Tetraselmis
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Food
Feed (For Bivalves, For Shrimp, For Marine fish larvae, For zooplankton)
Pharmaceuticals
Biofuels
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
DIC Corporation
Cyanotech Corporation
Algaetech Group
TAAU Australia
Fuqing King Dnarmsa Spirulina
Shengbada Biology
CBN
Green-A
Parry Nutraceuticals
Hydrolina Biotech
Spirin
Chenghai Bao ER
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Microalgae consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Microalgae market by identifying its various subsegments.
Focuses on the key global Microalgae manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Microalgae with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Microalgae submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Microalgae . Industry analysis & Market Report on Microalgae is a syndicated market report, published as Global Microalgae Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Microalgae market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.