Press Release

Microalgae Food Market Size, What Everyone Must Know About in 2020?

Rising health awareness among people is a factor driving the global microalgae food market, says Fortune Business Insights in 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.” Increasing adoption of microalgae as supplements or natural colorants in various food products is promoting the growth of the global microalgae food market.

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.

The Attainment 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 centred on advanced food and specialty ingredients derived from microalgae. The acquisition is likely to propel growth of the microalgae food products. Further, the launch of all-natural algae complex by leading market players is also contributing significantly to microalgae food revenue.

To Gain More Insights into the Market with Detailed Table of Content and Figures, Click Here: 

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.

Presence of Anti-Oxidant in Microalgae Food Will Fuel Demand

Rising world population has impelled 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.

Get Sample PDF:

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

Geographically, the global microalgae food market is segmented into North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. North America, followed by Europe dominates the global microalgae food market and is expected to lead during 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 microalgae food 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.

Major Segments includes:

By Strain

  • Chlorella
  • Spirulina
  • Dunaliella salina
  • Others

By Form

  • Capsules
  • Liquid
  • Tablets

By Distribution Channel

  • Retail Stores
  • Online Channels
  • Hypermarkets/Supermarkets
  • Others

By Geography

Have Any Query? Ask Our Experts:

Have a Look at Related Reports:

Pepper Market Share, Growth, Size, Opportunities, Trends, Regional Overview and Key Country Forecast To 2026

Instant Noodles Market Trends, Growth, Share, Size and 2026

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

About the author

Thomas Fultz

Thomas handles the column depicting food products. He has worked as a product manager before and knows his words very well. His writing flows like water with the ease of reading; his way of writing is effortless and straightforward. In his free times, he loves to talk a walk in the lawn to refresh his mind. He has recently completed 5 years in our organization.

Add Comment

Click here to post a comment