Microalgae Food Market by Species (Spirulina, Chlorella, Nannochloropsis, Isochrysis, and Others), by Application (Nutraceuticals, Packaged Food, Beverages, and Others), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), by MEA (Middle East, Africa) Forecast 2024-2032
The Microalgae Food Market size was valued at USD 613.96 USD Million in 2023 and is projected to reach USD 1094.53 USD Million by 2032, exhibiting a CAGR of 8.61 % during the forecast period. Microalgae food, sourced from algae, is a novel food that has been tagged as the new super-food. These algae, which are single-celled units of life, are grown for their nutritional values; two examples are Spirulina and Chlorella. Microalgae consist of a large number of proteins and essential amino acids, vitamins and minerals and antioxidant substances. It is available in many forms like powder, capsules, and extracts and can meet everyone's needs according to their type of diet. Notable facts worth knowing about microalgae include; protein content, production, and digestibility. Microalgae food demands cover a range from dietary supplements to functional food and beverages having improved functionality and health effects. Other potential benefits of including microalgae products in the diet include a strong immune system, increased energy and improved skin condition.
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 8.61% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 8.61% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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