Middle East and Africa Microalgae Market is expected reach USD 36.80 million by 2030
Middle East and Africa Microalgae Market report endows with the company profile, product specifications, production value, manufacturer’s contact information and market shares for the company. This market analysis report will definitely help in growing sales with new thinking, new skills, and innovative programs and tools. All the data, statistics, and information gathered to generate this report has been studied and analysed with the established tools and techniques such as SWOT analysis and Porter’s Five Forces analysis. The market study conducted in Middle East and Africa Microalgae Market document takes into account heterogeneous markets in accord with the requirement of HEALTHCARE industry and scoop out the finest possible solutions and detailed information about the market trends.
Microalgae are simple cell structure that needs some requirement for their growth such as light, water, carbon dioxide, nutrients such as nitrogen and phosphorus. The growth of the microalgae under these requirements with optimum climatic conditions can be 5-10 times more than the conventional crops. Microalgae can be used as alternative biodiesel feedstock because of high lipid content (15-30%). Constituents present in microalgae are chlorophylls, phycobiliproteins, and carotenoids.
The Middle East and Africa microalgae market is expected to gain market growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.6% in the forecast period of 2023 to 2030 and is expected reach USD 36.80 million by 2030, from USD 25.87 million in 2022.
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Market Definition
Microalgae are microscopic algae which are also called single celled algae. They can either live in independently or in the form of colonies. These are photosynthetic microorganisms that reside in freshwater or salty water. According to their species they can vary in size and shape whose size ranges from micrometers to hundred micrometers. The main function of microalgae is that it converts the sunlight, carbon dioxide, and water into algal biomass. Microalgae are used in the food, nutraceuticals, feed, cosmetic industries as well as it is also used to make paper ink. Microalgae have been considered as most promising in the field of biodiesel feedstock and have been known as third generation feedstock. Microalgae are members of the larger group of phytoplankton.
Opportunity
- Rise in the interest of biodiesel feedstock’s
Microalgae feedstock has been reported to be the most preferable and competent source for the production of biodiesel as it does not need fresh water for its cultivation nor it requires a cultivable land. Moreover, the absence of lignocellulosic materials in microalgae overcome the need to perform pre-treatment process and hence reduces the overall cost of biodiesel production. As production of biodiesel from crop food and plants can be achieved by the expense of large amount of water and large size field, this all makes the whole process unsustainable and enhances the overall cost of biodiesel. This is the reason why researchers and entrepreneurs are highly focused on the microalgae for biodiesel production.
Restraints/Challenges
- High production cost
Microalgae are referred as a better source for the production of biofuel due to high amount of oil content and rapid biomass growth. The microalgae expand rapidly as compared to terrestrial crops. The production of microalgae can be done on non-arable land with non-portable saline water and wastewater. The academics, entrepreneurs and general public are increasing their demand for microalgae-based biofuel as compared to biodiesel. The major problem related to natural source of fuel is the high cost related with production and maintenance of microalgae culture which can give biofuel. However, capital and operational cost associated with the growth of heterotopic algae culture is hard to justify the biodiesel production from such culture.
- Productivity depend upon climate
The growth of microalgae totally depends on the climate, if there are normal climatic conditions such as optimum temperature, freshwater or salt water and others but the growth can also be affected if there is any kind of changes in the climate. The right combination of conditions helps in proliferation of algae which are useful in many applications ranging from food, feed, cosmetics, nutraceuticals and pharmaceuticals.
Recent Developments
- In October 2020, Corbion expanded the adoption of AlgaPrime DHA in collaboration with the Thai Union. AlgaPrime DHA is an omega-3-rich algal feed ingredient derived from microalgae. As per the partnership, the company will provide AlgaPrime DHA to the Thai Union to feed of large-scale fish population. This collaboration helped the company to earn lucrative growth in the market
- In October 2020, Cyanotech Corporation launched BioAstin derived for microalgae. The product launched efficiently treats cardiovascular, immune, skin, eye, and joint health and offers recovery from exercise. The purity of the product eliminates the need for synthetic encapsulation material. This initiative boosted the company’s product portfolio and helped it penetrate its roots in the microalgae market
Fundamental Aim of this Market Report
- Factors influencing This Market Size and growth rate.
- Major alterations to this market in the near future.
- Notable Market rivals around the world.
- Future Scope and Product Outlook
- Future-promising emerging markets.
- The Market Presents Difficult Challenges and Threats.
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The major companies in the microalgae market are Cellana Inc., DSM, Cyanotech Corporation, Corbion ALGATECH LTD, AlgaEnergy, AlgaHealth, BarAlgae, Desert Microalgae Technologies, Yemoja, Henry Lamotte Oils GmbH, Algarithm, and ALGAIA among others.
Middle East and Africa Microalgae Market Scope
Type
- Chlamydomonas reinhardtii
- Dunaliella salina
- Haematococcus pluvialis
- Isochrysis
- Nannochloropsis
- Phaeodactylum tricornutum
- Porphyridium cruentum
- Chlorella
- Spirulina
- Others
Based on type, the microalgae market is segmented into chlamydomonas reinhardtii, dunaliella salina, haematococcus pluvialis, isochrysis, nannochloropsis, phaeodactylum tricornutum, porphyridium cruentum, chlorella, spirulina, and other.
Category
- Organic
- Inorganic
Based on category, the microalgae market is segmented into organic and inorganic.
Form
- Powder/dry
- Liquid
Based on form, the microalgae market is segmented into powder/dry and liquid.
Grade
- Food grade
- Cosmetic grade
- Feed grade
- Fuel grade
- Others
Based on grade, the microalgae market is segmented into food grade, cosmetic grade, feed grade, fuel grade, and others.
Application
- Dietary supplements
- Cosmetics & personal
- Food & beverages
- Pharmaceuticals
- Animal feed
- Bio-fuel
- Inks
- Others
Based on application, the microalgae market is segmented into dietary supplements, cosmetics & personal, food & beverages, pharmaceuticals, animal feed, bio-fuel, inks, and others.
Distribution channel
- Direct
- Indirect
Based on distribution channel, the microalgae market is segmented into direct and indirect.
Key highlights of this Market report:
- Growth rate
- Remuneration prediction
- Consumption graph
- Market concentration ratio
- Secondary industry competitors
- Competitive structure
- Major restraints
- Market drivers
- Regional bifurcation
- Competitive hierarchy
- Current market tendencies
- Market concentration analysis
What benefits does the DBMR study is going to provide?
- Latest industry influencing trends and development scenario
- Open up New Markets
- To Seize powerful market opportunities
- Key decision in planning and to further expand market share
- Identify Key Business Segments, Market proposition & Gap Analysis
- Assisting in allocating marketing investments
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF MIDDLE EAST AND AFRICA MICROALGAE MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATIONS
1.6 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 MARKETS COVERED
2.2 GEOGRAPHICAL SCOPE
2.3 YEARS CONSIDERED FOR THE STUDY
2.4 DBMR TRIPOD DATA VALIDATION MODEL
2.5 MULTIVARIATE MODELING
2.6 TYPE LIFELINE CURVE
2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.8 DBMR MARKET POSITION GRID
2.9 MARKET END USER COVERAGE GRID
2.1 SECONDARY SOURCES
2.11 ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHT
4.1 PATENT ANALYSIS
4.2 BRAND ANALYSIS
4.3 SUPPLY CHAIN ANALYSIS
4.4 MICROALGAE PRODUCTION PROCESS
4.5 VALUE CHAIN ANALYSIS
5 MIDDLE EAST AND AFRICA MICROALGAE MARKET: LAWS AND REGULATIONS
6 MARKET OVERVIEW
Continued…
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Key Benefits of the Report:
- This study presents the analytical depiction of this industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of this market share.
- The current market is quantitatively analyzed to highlight the market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed this industry analysis based on competitive intensity and how the competition will take shape in the coming years.
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