Data Bridge Market Research analyses that the North America Microalgae Market was growing at a value of USD 405.62 Million in 2021 and is expected to reach a value of USD 670.58 Million and registering a CAGR of 6.6% from 2022 to 2029.
Industry Analysis
· Microalgae are microscopic algae which are also called single-celled algae. They can either live independently or in the form of colonies. These are photosynthetic micro-organisms that reside in freshwater or salty water. According to their species, they can vary in size and shape whose size ranges from micrometers to hundred micrometers. The main function of microalgae is they convert sunlight, carbon dioxide and water into algal biomass. Microalgae are used in the food, nutraceuticals, feed and cosmetic industries, as well as it is also used to make paper ink. Microalgae have been considered the most promising in biodiesel feedstock and have been known as a third-generation feedstock. Microalgae are members of the larger group of phytoplankton.
· The North America microalgae market facing high maintenance and operating costs and technical challenges of large-scale microalgae harvesting are the major challenges for the market's growth in the forecast years.
Some of the key questions answered in this report:
1. What is the forecasted growth of this market?
2. What will be the market value in the future?
3. Which countries data are covered in the report?
4. Which region dominates the market?
North America Microalgae Market Scope
The North America microalgae market is segmented into type, category, form, grade, application and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Type
· Spirulina
· Chlorella
· Haematococcus Pluvialis
· Dunaliella Salina
· Isochrysis
· Phaeodactylum Tricornutum
· Chlamydomonas Cruentum
· Nannochloropsis
· Others
Based on type, the microalgae market is segmented into chlaspirulina, chlorella, haematococcus pluvialis, dunaliella salina, isochrysis, phaeodactylum tricornutum, chlamydomonas cruentum, nannochloropsis and others.
Category
· Organic
· Inorganic
Based on category, the microalgae market is segmented into organic and inorganic.
Form
· Powder/ Dry
· Liquid
Based on form, the microalgae market is segmented into powder/dry and liquid.
Grade
· Food Grade
· Cosmetic Grade
· Feed Grade
· Fuel Grade
· Others
Based on grade, the microalgae market is segmented into food grade, cosmetic grade, feed grade, fuel grade and others.
Application
· Dietary Supplements
· Cosmetics & Personal
· Food & Beverages
· Pharmaceuticals
· Animal Feed
· Bio-Fuel
· Inks
· Others
Based on application, the microalgae market is segmented into dietary supplements, cosmetics & personal, food & beverages, pharmaceuticals, animal feed, bio-fuel, inks and others.
Distribution Channel
· Direct
· Indirect
Based on distribution channel, the microalgae market is segmented into direct and indirect.
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North America Microalgae Market Regional Analysis/Insights
The microalgae market is analysed and market size insights and trends are provided by country, type, category, form, grade, application and distribution channel.
The countries covered in the global North America Microalgae Market report are
· U.S. is expected to dominate the North America microalgae market due to increasing awareness among consumers about the health benefits of microalgae products and multiple industry coverage. An increase in demand for microalgae products and an increase in research and development activities in nutraceutical industries are also expected to drive the market in the forecasted period.
Competitive Landscape and North America Microalgae Market Share Analysis
The microalgae market competitive landscape provides details of the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points are only related to the companies focusing on the North America microalgae market.
Some of the major players operating in the North America Microalgae market are:
· Euglena Co. Ltd.
· DIC CORPORATION
· DSM
· Cyanotech Corporation
· Corbion
· Far East Bio-Tec Co., Ltd.
· Earthrise Nutritionals, LLC
· AstaReal Co., Ltd.
· BUGGYPOWER
· Inner Mongolia Rejuve Biotech Co.,Ltd.
· Algatech LTD.
· AlgaEnergy S.A.
· Parry Nutraceuticals
· Heliae Development, LLC
· Algarithm
· Necton S.A.
· Yemoja Ltd.
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MAJOR TOC OF THE REPORT
Ø Chapter One: Introduction
Ø Chapter Two: Market Segmentation
Ø Chapter Three: Market Overview
Ø Chapter Four: Executive Summary
Ø Chapter Five: Premium Insights
Ø Chapter Six: North America Microalgae Market by Product & Procedure type
Get TOC Details: https://www.databridgemarketresearch.com/toc/?dbmr=north-america-microalgae-market
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