The promising future of microalgae: current status, and challenges
Microalgae are defined as the microscopic algae which do not have roots, stem leaves and are present in marine and freshwater bodies. Microalgae are considered as unicellular species of algae that are available either individually or in groups. Microalgae are considered a rich source of protein, carbohydrates, enzymes, and others and are used across several nutritional supplements and food items. Microalgae conduct photosynthesis and form a large quantity of atmospheric oxygen and utilize carbon dioxide to grow photoautotapically.
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Companies Profiled:
Algae.Tec Limited
Algenol
Cellana, LLC
Cyanotech Corporation
DIC Corporation
E.I.D.- Parry (India) Limited
Fuqing King Dnarmsa Spirulina Co. Ltd
Kent Bioenergy Corporation
Taau Australia Pty Ltd
TerraVia Holdings, Inc
The microalgae market has witnessed significant growth owing to factors such as rising consciousness towards health along with the growing demand of nutritional supplements. Further, continuous research and development activities is further driving the consumption of microalgae in the recent past. However, high cost associated in the harvesting, climatic conditions and complex food regulations is projected to hamper the microalgae market growth over the projected period. Nevertheless, technological advancements is the key factor which is expected to fuel the growth of the market.
The "Global Microalgae Market Analysis to 2027" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the microalgae market with detailed market segmentation by type, application, and geography. The global microalgae market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading microalgae market players and offers key trends and opportunities in the market.