Market Overview:
The global microphytes market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for microphytes from the food, feed, pharmaceuticals, and biofuel industries. Microphytes are used as a source of protein and other nutrients in food products, as a feed supplement for livestock and fish farming, and as ingredients in various pharmaceutical formulations. They are also used in the production of biofuels such as biodiesel and biogas.
Product Definition:
Microphytes are tiny plants that live in water and soil. They are important because they produce oxygen and help to clean the air and water.
Spirulina:
Spirulina is a blue-green alga, which is a part of the phycocyanin family. It has been used in traditional Chinese medicine for thousands of years. The modern scientific community regards spirulina as an excellent source of protein and several other nutrients such as iron, calcium & magnesium, vitamin B1 & B3 and amino acids.
Chlorella:
Chlorella is a unicellular algae and one of the microalgae. It is mainly used in Microphytes as it contains various essential nutrients such as protein, nucleotides, vitamins (B1 & B2), amino acids and chlorophyll. The chemical composition of Chlorella varies with different strains; some contain higher levels of proteins, vitamins (B1 & B2) and other chemicals such as carotenoids than others.
Application Insights:
The global microphytes market has been segmented on the basis of application into food, feed, pharmaceuticals and biofuel. The food application dominated the overall industry in terms of revenue share in 2017. Spirulina is one of the most consumed foods worldwide due to its high nutritional content and health benefits. It is a rich source of protein, iron, zinc, vitamin B6 & folic acid and omega 3 fatty acids which helps maintain heart health as well as improve eyesight (due to its antioxidant properties).
Spirulina also finds applications in cosmetics due to its natural green color that helps enhance skin tone along with hydrating properties that help reduce wrinkles caused by aging or stress. In addition spirulina tablets are used for weight loss programs owing to their high protein content; however this should be done under medical supervision since it can have adverse effects on some people's bodies if taken without consulting a doctor first.
Regional Analysis:
Europe was the largest regional market in 2017 owing to growing consumer awareness regarding health benefits of microphytes. Asia Pacific is expected to be the fastest-growing region over the forecast period due to rising product demand from countries, such as China and India. In addition, increasing number of companies investing in R&D for development of new products will drive growth further. For instance, Novotech seeds developed a range of microphyte cultivation kits for farmers in India.
The global market has been segmented into North America, Europe, Asia Pacific and Middle East & Africa (MEA).
Growth Factors:
- Increasing demand for oxygen and nitrogen in aquatic ecosystems
- Rising awareness about the benefits of using microphytes in wastewater treatment
- Growing popularity of aquaponics systems that use microphytes to purify water and provide nutrients for fish farming
- Proliferation of research on new applications for microphytes in areas such as energy generation, agriculture, and human health
- Development of more cost-effective methods for harvesting and culturing microphytes
Scope Of The Report
Report Attributes
Report Details
Report Title
Microphytes Market Research Report
By Type
Spirulina, Chlorella, Dunaliella Salina, Red Aphanocapsa, Others
By Application
Food, Feed, Pharmaceuticals, Biofuel
By Companies
DIC Corporation, Cyanotech Corporation, Algaetech Group, TAAU Australia, Fuqing King Dnarmsa Spirulina, Shengbada Biology, Dongying Haifu Biological, Dongtai City Spirulina Bio-engineering, Yantai Hairong Microalgae Breeding, DIC Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Microphytes Market Report Segments:
The global Microphytes market is segmented on the basis of:
Types
Spirulina, Chlorella, Dunaliella Salina, Red Aphanocapsa, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food, Feed, Pharmaceuticals, Biofuel
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DIC Corporation
- Cyanotech Corporation
- Algaetech Group
- TAAU Australia
- Fuqing King Dnarmsa Spirulina
- Shengbada Biology
- Dongying Haifu Biological
- Dongtai City Spirulina Bio-engineering
- Yantai Hairong Microalgae Breeding
- DIC Corporation
Highlights of The Microphytes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Spirulina
- Chlorella
- Dunaliella Salina
- Red Aphanocapsa
- Others
- By Application:
- Food
- Feed
- Pharmaceuticals
- Biofuel
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Microphytes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Microphytes are aquatic plants that grow in water with low oxygen levels.
Some of the key players operating in the microphytes market are DIC Corporation, Cyanotech Corporation, Algaetech Group, TAAU Australia, Fuqing King Dnarmsa Spirulina, Shengbada Biology, Dongying Haifu Biological, Dongtai City Spirulina Bio-engineering, Yantai Hairong Microalgae Breeding, DIC Corporation.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Microphytes Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Microphytes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Microphytes Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Microphytes Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Microphytes Market Size & Forecast, 2020-2028
4.5.1 Microphytes Market Size and Y-o-Y Growth
4.5.2 Microphytes Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Spirulina
5.2.2 Chlorella
5.2.3 Dunaliella Salina
5.2.4 Red Aphanocapsa
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food
6.2.2 Feed
6.2.3 Pharmaceuticals
6.2.4 Biofuel
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Microphytes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Microphytes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Spirulina
9.6.2 Chlorella
9.6.3 Dunaliella Salina
9.6.4 Red Aphanocapsa
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food
9.10.2 Feed
9.10.3 Pharmaceuticals
9.10.4 Biofuel
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Spirulina
10.6.2 Chlorella
10.6.3 Dunaliella Salina
10.6.4 Red Aphanocapsa
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food
10.10.2 Feed
10.10.3 Pharmaceuticals
10.10.4 Biofuel
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Spirulina
11.6.2 Chlorella
11.6.3 Dunaliella Salina
11.6.4 Red Aphanocapsa
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food
11.10.2 Feed
11.10.3 Pharmaceuticals
11.10.4 Biofuel
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Spirulina
12.6.2 Chlorella
12.6.3 Dunaliella Salina
12.6.4 Red Aphanocapsa
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food
12.10.2 Feed
12.10.3 Pharmaceuticals
12.10.4 Biofuel
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Spirulina
13.6.2 Chlorella
13.6.3 Dunaliella Salina
13.6.4 Red Aphanocapsa
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food
13.10.2 Feed
13.10.3 Pharmaceuticals
13.10.4 Biofuel
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Microphytes Market: Competitive Dashboard
14.2 Global Microphytes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DIC Corporation
14.3.2 Cyanotech Corporation
14.3.3 Algaetech Group
14.3.4 TAAU Australia
14.3.5 Fuqing King Dnarmsa Spirulina
14.3.6 Shengbada Biology
14.3.7 Dongying Haifu Biological
14.3.8 Dongtai City Spirulina Bio-engineering
14.3.9 Yantai Hairong Microalgae Breeding
14.3.10 DIC Corporation
