Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Microalgae Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Microalgae Market?
The Microalgae Global Market Report 2025 indicates that there has been a strong growth trend in the market. Specifically, the market grew from a size of $1.11 billion in 2024 to $1.18 billion in 2025, registering a compound annual growth rate (CAGR) of 6.7%.
What Is the Forecasted CAGR for the Microalgae Market by 2029?
The Microalgae Global Market Report 2025 predicts the microalgae market size will reach $1.57 billion in 2029, expanding at a compound annual growth rate (CAGR) of 7.4%.
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What Are the Market Drivers in the Microalgae Industry?
The key drivers in the microalgae market are:
• Climate change mitigation and population growth necessitating food security
• Application of bioremediation procedures
• Market entry and growth of startups and SMEs
• International collaborations facilitating research.
What Is the Segment-Wise Breakdown of the Microalgae Market?
The microalgaemarket covered in this report is segmented –
1) By Type: Spirulina, Chlorella, Dunaliella Salina, Haematococcus Pluvialis, Other Microalgae
2) By Distribution Channel: Business Channel, Consumer Channel
3) By Applications: Food And Beverage, Dietary Supplements, Pharmaceuticals, Cosmetics And Personal Care, Bio-Fuel, Inks, Animal Feed, Other Applications
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Which Emerging Trends Are Driving Growth in the Microalgae Sector?
The key trends in the microalgae market are:
• The integration of genetic engineering techniques in microalgae production is a notable emerging trend.
• There is a growing trend of using microalgae in wastewater treatment.
• The use of microalgae in cosmetics and personal care products is an emerging market trend.
• The exploration of novel microalgae species, and increased collaborations and partnerships in research are shaping the future.
Which Companies Are Dominating the Microalgae Market in Terms of Revenue?
Major players in the microalgae market are:
• Cyanotech Corporation
• Algatech
• Cellana
• Brevel
• Checkerspot
• microTERRA
• Industrial Phycology
• Ittinsect
• Provectus Algae
• Phycom
• Viridos
• ALGAMA
• Arborea
• Kuehnle AgroSystems, Inc.
• ALGBIO
• Revyve
• MiAlgae
• Algenol Biofuels
• AquaBioTech Group
• Algaeventure Systems
• Algae Floating Systems, Inc.
• Algae Biosciences Corporation
• AlgaeLink N.V.
• Blue Marble Energy
• Solazyme, Inc.
• Sapphire Energy
• Heliae Development LLC
• Seambiotic
• Algorhythm
• EcoPRT
• Algal Scientific
What Are the Regions Driving Demand in the Microalgae Market?
North America was the largest region in the microalgae market share in 2024
