Algae: Global Strategic Business Report

Global Algae Market to Reach $2.1 Billion by 2030

The global market for Algae estimated at US$1.5 Billion in the year 2022, is projected to reach a revised size of US$2.1 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2022-2030. Open Pond Cultivation, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$1.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Raceway Pond Cultivation segment is readjusted to a revised 4.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $397 Million, While China is Forecast to Grow at 8% CAGR

The Algae market in the U.S. is estimated at US$397 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$452.4 Million by the year 2030 trailing a CAGR of 8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 5.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$284.9 Million by the year 2030.

Select Competitors (Total 13 Featured) -

• Algix LLC
• Corbion NV
• Diversified Energy Corporation
• DSM Nutritional Products AG
• Kent BioEnergy Corporation
• Pond Technologies Inc.
• Sapphire Engineering (NE) Ltd.
• Affinity Energy & Health
• Algenol Biotech

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year