Microalgae Food Market Is Forecast to Rise; Increasing Adoption of Microalgae as Food Additives Will Aid Growth

Rising health awareness among people is a chief factor driving the Global Microalgae Food Market, says Fortune Business Insights in a report, titled “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.” The increasing adoption of microalgae as supplements or natural colorants in various food products is promoting the growth of the global market.

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Some of the major companies that are present in the global microalgae food market are

• DIC Corporation,
• Taau Australia Private Limited,
• Cyanotech Corporation,
• TerraVia Holdings, Inc.,
• Cellana, LLC.,
• I.D- Parry (India) Ltd.,
• Fuqing King Dnarmsa Spirulina Co. Ltd.

Rising Acceptance of Microalgae as Food Additives Will Boost Growth in North America

Geographically, the global microalgae food industryis segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America, followed by Europe dominates the global microalgae food industry and is expected to continue leading through the forecast period, owing to rising acceptance of microalgae as food additives by food producers, along with the rising number of SME in microalgae cultivation industry. The market in the Asia Pacific is predicted to witness high growth rate during the forecast period due to the increasing cultivation and consumption of microalgae food in Asian countries, such as China, Indonesia, and South Korea.

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Segmentation:

By Strain

• Chlorella

• Spirulina

• Dunaliella salina

• Others

By Form

• Capsules

• Liquid

• Tablets

By Distribution Channel

• Retail Stores

• Online Channels

• Hypermarkets/Supermarkets

• Others

By Geography

• 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)