Microalgae Food Market Share, Growth Insight, Size, Competitive Analysis, And Global Forecast To 2026
The Global Microalgae Food Market to gain from rapid technological advancements taking place in the market. Recently Fortune Business Insights has published a report, titled Microalgae Food Market Size, Share and Global Trend By Strain (Chlorella, Spirulina, Dunaliella salina, Others), By Form (Capsules, Liquid, Tablets), By Distribution Channel (Retail Stores, Online Channels, Hypermarkets/Supermarkets, Others) and Geography Forecast Till 2026
Acquisition of Terravia by Corbion Will Encourage Market Growth
Corbion, Dutch food and biochemical company, headquartered in Amsterdam, Netherlands, confirmed the acquisition of considerably all possessions of TerraVia Holdings (“TerraVia”). An extensive and diverse platform centered on advanced food and specialty ingredients derived from microalgae. The acquisition is likely to propel growth of the microalgae food market. Moreover, the launch of all-natural algae complex by leading market players is also contributing significantly to growth in the microalgae food market revenue. For instance, Algatechnologies, a leading microalgae cultivation company based in Israeli, launched an all-natural, algae complex, called AstaPure Arava. The product can be used to produce energy bars as well as other products that can be combined with powder. This factor is likely to fuel demand among consumers which in turn will boost the global microalgae food market.
Top Key Players Covered:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the global Microalgae Food market. Some of the companies operating the global Microalgae Food market are;
- DIC Corporation
- Taau Australia Private Limited
- Cyanotech Corporation
- TerraVia Holdings, Inc.
- Cellana, LLC., E.I.D- Parry (India) Ltd.
- Fuqing King Dnarmsa Spirulina Co. Ltd.
Rapid adoption of digitalization among practitioners and patients is likely to fuel the demand in the global Microalgae Food market. Additionally, increasing per capita income and rising living standards is expected to drive the global Microalgae Food market during the forecast period 2018-2025.
However, high cost associated with the devices and lack of skilled professional to operate the system are a few factors that may hamper the growth in the global Microalgae Food market.
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Presence of Anti-oxidant in Microalgae Food Will Fuel Demand
Rising global population has resulted in the high demand for sustainable, and affordable nutrient-rich food to feed the growing population which in turn will add to the microalgae food shares. According to the National Center for Biotechnology Information (NCBI), by 2050, algae may account for 18% of protein sources across the more diverse world market. Spirulina and Chlorella are the two major strains of microalgae that have terrific anti-oxidant properties and thus are utilized in the production of microalgae food.
Presence of enzymes, carbohydrates, fiber, vitamins and protein in microalgae is a factor contributing to microalgae food revenue. Microalgae are used as an essential food ingredient in the food & beverage industry, especially in developing nations such as Japan, China, South Korea, Indonesia, and others. Rising adoption of microalgae as supplements or natural colorants in various food products including, snack bars, pizza, drinks, and others is predicted to encourage the of microalgae food growth. In addition, increasing health awareness among people is expected to fuel demand for the consumption of dietary or health supplements made up of microalgae biomass which will, in turn, boost the global microalgae food market during the forecast period.
- Dunaliella salina
By Distribution Channel
- Retail Stores
- Online Channels
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
In-Depth Regional Analysis:
At present, North America, followed by Europe holds the major market shares and is expected to be holding the major market shares in the global microalgae food market during the forecast period, owing to escalating adoption of microalgae as food additives by food producers, coupled with the rising number of SME in microalgae cultivation industry.
As stated in the report North America holds a significant share in the market. The trend is unlikely to change and North America may continue holding its position. The growth witnessed is attributable to high presence of key developers in nations such as Canada and U.S.
The Asia Pacific Microalgae Food market is expected to expand at a promising CAGR during the forecast period. The constantly improving healthcare infrastructure in the region is expected to contribute to Asia Pacific market expansion.
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