U.S. Microalgae Market- Industry Trends and Forecast to 2030

List of Tables

The U.S. microalgae market is expected to reach USD 593.16 million by 2030 from USD 355.61 Million in 2022, growing at a CAGR of 6.7% in the forecast period of 2023 to 2030.

Market Segmentation

U.S. Microalgae Market, By Type (Chlamydomonas, Reinhardtii, Dunaliella Salina, Haematococcus Pluvialis, Isochrysis, Nannochloropsis, Phaeodactylum Tricornutum, Porphyridium Cruentum, Chlorella, Spirulina, and Others), Category (Organic and Inorganic), Form (Powder/Dry and Liquid), Grade (Food Grade, Feed Grade, Fuel Grade, Cosmetic Grade, and Others), Application (Food and Beverage, Dietary Supplements, Pharmaceuticals, Cosmetics and Personal Care, Bio-fuel, Inks, Animal Feed, and Others), Distribution Channel (Indirect and Direct) Country (U.S.) - Industry Trends and Forecast to 2030.

Overview of U.S. Microalgae Market Dynamics

Driver
Increasing awareness among consumers about the health benefits of microalgae products
Technological and scientific innovations and developments
Restraint
Side-effects related to microalgae products
High production cost
Opportunity
Rising investments in microalgae production
Strategic initiatives by market players

Market Players

Some of the major market players operating in the U.S. microalgae market are:

Cellana Inc
Parry Nutraceuticals
Algatech LTD
Earthrise Nutritionals, LLC
Inner Mongolia Zaihuishou Bioengineering Co., Ltd.
AlgaEnergy
AstaReal Co., Ltd.
Heliae Development, LLC
Far East Bio-Tec Co., Ltd.
DSM
DIC CORPORATION
Corbion
Cyanotech Corporation

1 INTRODUCTION 8

1.1 OBJECTIVES OF THE STUDY 8
1.2 MARKET DEFINITION 8
1.3 OVERVIEW OF U.S. MICROALGAE MARKET 8
1.4 CURRENCY AND PRICING 10
1.5 LIMITATIONS 10
1.6 MARKETS COVERED 10

2 MARKET SEGMENTATION 12

2.1 MARKETS COVERED 12
2.2 YEARS CONSIDERED FOR THE STUDY 13
2.3 DBMR TRIPOD DATA VALIDATION MODEL 14
2.4 MULTIVARIATE MODELING 17
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 18
2.6 DBMR MARKET POSITION GRID 19
2.7 MARKET END USER COVERAGE GRID 20
2.8 SECONDARY SOURCES 21
2.9 ASSUMPTIONS 21

3 EXECUTIVE SUMMARY 22

4 PREMIUM INSIGHTS 25

4.1 SUPPLY CHAIN ANALYSIS 26
- 4.1.1 OVERVIEW 26
- 4.1.2 GENERAL PATTERN OF SUPPLY CHAIN ANALYSIS FOR MICROALGAE 26
- 4.1.3 SUPPLY CHAIN DEMONSTRATING MANUFACTURER AND DISTRIBUTOR 26
4.2 VALUE CHAIN ANALYSIS 27
4.3 MICROALGAE PRODUCTION PROCESS 29
4.4 BRAND ANALYSIS 30
4.5 PATENT ANALYSIS 35

5 MARKET OVERVIEW 38

5.1 DRIVERS 40
- 5.1.1 INCREASING AWARENESS AMONG CONSUMERS ABOUT HEALTH BENEFITS OF MICROALGAE PRODUCTS 40
- 5.1.2 TECHNOLOGICAL AND SCIENTIFIC INNOVATIONS AND DEVELOPMENTS 40
- 5.1.3 MULTIPLE INDUSTRY COVERAGE 41
- 5.1.4 HIGH DEMAND OF PLANT-DERIVED PROTEINS 42
- 5.1.5 INCREASING USE OF MICROALGAE-BASED PRODUCT IN NUTRITIONAL AND MEDICINAL APPLICATIONS 42
5.2 RESTRAINTS 43
- 5.2.1 SIDE-EFFECTS RELATED TO MICROALGAE PRODUCTS 43
- 5.2.2 HIGH PRODUCTION COST 43
- 5.2.3 CLIMATIC CHANGES 45
5.3 OPPORTUNITIES 46
- 5.3.1 RISING INVESTMENTS IN MICROALGAE PRODUCTION 46
- 5.3.2 STRATEGIC INITIATIVES BY MARKET PLAYERS 46
- 5.3.3 GROWING UP OF NEW MARKETS BASED ON PRODUCTS DERIVED FROM MICROALGAL BIOMASS 47
- 5.3.4 INCREASING INTEREST OF BIODIESEL FEEDSTOCKS AMONG RESEARCHERS AND ENTREPRENEURS 47
5.4 CHALLENGES 48
- 5.4.1 HARVESTING AND PROCESSING OF MICROALGAE 48
- 5.4.2 STRATEGIC REGULATIONS RELATED TO MICROALGAE 49
- 5.4.3 LIMITATION OF DOWNSTREAM MARKET 50

6 U.S. MICROALGAE MARKET 51

6.1 U.S. 51

7 U.S. MICROALGAE MARKET: COMPANY LANDSCAPE 54

7.1 COMPANY SHARE ANALYSIS: U.S. 54

8 COMPANY PROFILES 55

8.1 DSM 55
- 8.1.1 COMPANY SNAPSHOT 55
- 8.1.2 REVENUE ANALYSIS 55
- 8.1.3 PRODUCT PORTFOLIO 56
- 8.1.4 RECENT DEVELOPMENT 56
8.2 DIC CORPORATION 57
- 8.2.1 COMPANY SNAPSHOT 57
- 8.2.2 REVENUE ANALYSIS 57
- 8.2.3 PRODUCT PORTFOLIO 58
- 8.2.4 RECENT DEVELOPMENT 58
8.3 CORBION 59
- 8.3.1 COMPANY SNAPSHOT 59
- 8.3.2 REVENUE ANALYSIS 59
- 8.3.3 PRODUCT PORTFOLIO 60
- 8.3.4 RECENT DEVELOPMENTS 60
8.4 EARTHRISE NUTRITIONALS, LLC 62
- 8.4.1 COMPANY SNAPSHOT 62
- 8.4.2 PRODUCT PORTFOLIO 62
- 8.4.3 RECENT DEVELOPMENT 62
8.5 ALGATECH LTD 63
- 8.5.1 COMPANY SNAPSHOT 63
- 8.5.2 PRODUCT PORTFOLIO 63
- 8.5.3 RECENT DEVELOPMENT 63
8.6 ALGAENERGY 64
- 8.6.1 COMPANY SNAPSHOT 64
- 8.6.2 PRODUCT PORTFOLIO 64
- 8.6.3 RECENT DEVELOPMENTS 65
8.7 ASTAREAL CO., LTD 66
- 8.7.1 COMPANY SNAPSHOT 66
- 8.7.2 PRODUCT PORTFOLIO 66
- 8.7.3 RECENT DEVELOPMENTS 67
8.8 CELLANA INC. 68
- 8.8.1 COMPANY SNAPSHOT 68
- 8.8.2 PRODUCT PORTFOLIO 68
- 8.8.3 RECENT DEVELOPMENT 68
8.9 CYANOTECH CORPORATION 69
- 8.9.1 COMPANY SNAPSHOT 69
- 8.9.2 REVENUE ANALYSIS 69
- 8.9.3 PRODUCT PORTFOLIO 70
- 8.9.4 RECENT DEVELOPMENTS 70
8.10 FAR EAST BIO-TEC CO., LTD 72
- 8.10.1 COMPANY SNAPSHOT 72
- 8.10.2 PRODUCT PORTFOLIO 73
- 8.10.3 RECENT DEVELOPMENTS 73
8.11 HELIAE DEVELOPMENT, LLC 74
- 8.11.1 COMPANY SNAPSHOT 74
- 8.11.2 PRODUCT PORTFOLIO 74
- 8.11.3 RECENT DEVELOPMENTS 74
8.12 INNER MONGOLIA REJUVE BIOTECH CO., LTD 76
- 8.12.1 COMPANY SNAPSHOT 76
- 8.12.2 PRODUCT PORTFOLIO 76
- 8.12.3 RECENT DEVELOPMENTS 76
8.13 PARRY NUTRACEUTICALS 77
- 8.13.1 COMPANY SNAPSHOT 77
- 8.13.2 PRODUCT PORTFOLIO 77
- 8.13.3 RECENT DEVELOPMENT 77

9 QUESTIONNAIRE 78

10 RELATED REPORTS 82

LIST OF TABLES

TABLE 1 GLOBAL MICROALGAE MARKET, PATENT ANALYSIS 35
TABLE 2 MICROALGAE-BASED PRODUCTS FOR VARIOUS APPLICATIONS 41
TABLE 3 MICROALGAE-BASED NUTRACEUTICALS & DIETARY SUPPLEMENTS 42
TABLE 4 REPORTED SIDE-EFFECTS OF PATIENTS SUFFERING FROM KIDNEY FAILURE 43
TABLE 5 COST RELATED TO HARVESTING PROCESS OF MICROALGAE 44
TABLE 6 CLIMATIC CONDITIONS FOR THE GROWTH OF MICROALGAE 45
TABLE 7 LIST OF AUTHORITIES, REGULATIONS AND TOOLS FOR U.S. 49
TABLE 8 U.S. MICROALGAE MARKET 51
TABLE 9 U.S. MICROALGAE MARKET, BY TYPE, 2021-2030 (USD MILLION) 51
TABLE 10 U.S. MICROALGAE MARKET, BY CATEGORY, 2021-2030 (USD MILLION) 51
TABLE 11 U.S. MICROALGAE MARKET, BY FORM, 2021-2030 (USD MILLION) 51
TABLE 12 U.S. MICROALGAE MARKET, BY GRADE, 2021-2030 (USD MILLION) 52
TABLE 13 U.S. MICROALGAE MARKET, BY APPLICATION, 2021-2030 (USD MILLION) 52
TABLE 14 U.S. DIETARY SUPPLEMENTS IN MICROALGAE MARKET, BY APPLICATION, 2021-2030 (USD MILLION) 52
TABLE 15 U.S. FOOD & BEVERAGES IN MICROALGAE MARKET, BY APPLICATION, 2021-2030 (USD MILLION) 53
TABLE 16 U.S. ANIMAL FEED IN MICROALGAE MARKET, BY APPLICATION, 2021-2030 (USD MILLION) 53
TABLE 17 U.S. COSMETIC & PERSONAL IN MICROALGAE MARKET, BY APPLICATION, 2021-2030 (USD MILLION) 53
TABLE 18 U.S. MICROALGAE MARKET, BY DISTRIBUTION CHANNEL, 2021-2030 (USD MILLION) 53

LIST OF FIGURES

FIGURE 1 U.S. MICROALGAE MARKET: SEGMENTATION 12
FIGURE 2 U.S. MICROALGAE MARKET: DATA TRIANGULATION 14
FIGURE 3 U.S. MICROALGAE MARKET: DROC ANALYSIS 15
FIGURE 4 U.S. MICROALGAE MARKET: U.S. VS. REGIONAL MARKET ANALYSIS 16
FIGURE 5 U.S. MICROALGAE MARKET: COMPANY RESEARCH ANALYSIS 16
FIGURE 6 U.S. MICROALGAE MARKET: MULTIVARIATE MODELLING 17
FIGURE 7 U.S. MICROALGAE MARKET: INTERVIEW DEMOGRAPHICS 18
FIGURE 8 U.S. MICROALGAE MARKET: DBMR MARKET POSITION GRID 19
FIGURE 9 U.S. MICROALGAE MARKET: MARKET APPLICATION COVERAGE GRID 20
FIGURE 10 U.S. MICROALGAE MARKET: SEGMENTATION 24
FIGURE 11 INCREASING AWARENESS AMONG CONSUMERS ABOUT HEALTH BENEFITS OF MICROALGAE PRODUCT IS DRIVING THE U.S. MICROALGAE MARKET IN THE FORECAST PERIOD OF 2023 TO 2030 25
FIGURE 12 TYPE MICROALGAE SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE U.S. MICROALGAE MARKET IN 2023 AND 2030 25
FIGURE 13 VALUE CHAIN OF MICROALGAE- 27
FIGURE 14 DRYING METHODS OF MICROALGAE BIOMASS 29
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES AND CHALLENGES OF U.S. MICROALGAE MARKET 39
FIGURE 16 U.S. MICROALGAE MARKET: COMPANY SHARE 2022 (%) 54