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Europe Microalgae-Based Products Market

2021

Europe Microalgae-Based Products Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Spirulina, Chlorella, Astaxanthin, Beta Carotene, and Others) and Application (Food and Beverages, Animal Feed, Pharmaceuticals and Nutraceuticals, Personal Care, and Others)

Publication Month: Oct 2021 | Report Code: TIPRE00025163 | No. of Pages: 111 | Category: Food and Beverages | Status: Published

Market Insights

Europe Microalgae-Based Products Market to Grow at a CAGR of 7.8% to reach US$ 879.59 million from 2021 to 2028

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The microalgae-based products market in Europe is expected to grow from US$ 520.26 million in 2021 to US$ 879.59 million by 2028; it is estimated to grow at a CAGR of 7.8% from 2021 to 2028.


Germany, France, Italy, UK, and Russia are economies in Europe. Currently, more than 150,000 species of single cell and multicellular algae are known, which have complex and diverse metabolic machinery, immense range of biotic and abiotic stress tolerance,. Researchers are actively involved in the identification and development of the best algal production systems that can be effectively used for commercially viable industrial production. Similarly, increased investments in research and development activities related to improved algal biomass production, using better cultivation methods, implementing advanced harvesting and biomass conversion technologies to cut down carbon emissions, deploying recycled inorganic nutrients, reducing energy inputs, and integrating algal biomass production systems with pre-existing infrastructure have been explored. The National Alliance for Advanced Biofuels and Bioproducts (NAABB) has succeeded to lower the cost of producing algal biomass and use it in production of biofuels. To achieve the economies of scale, companies have begun using robust and high-yield algal strains for a year-round consistent performance. Additionally, they have shifted their focus from “high-volume, low-value” products such as biofuel, food, or feed to “low-volume, high-value” products such as β-carotene, astaxanthin, docosahexaenoic acid, docosahexaenoic acid, phycobilin pigments, and algal extracts.

In Europe, currently France, the UK, and Russia are the worst-impacted countries by the COVID-19 pandemic. The region is estimated to suffer an economic hit due to the lack of revenue from various industries subjected to disruption in supply chain. As of July 26, 2021, the total number of cases recorded in Russia was 6,149,780 with 154,601 deaths. The massive outbreak of the pandemic has created temporary distortion in operation efficiencies of industrial bases in European market. The Europe Microalgae-Based Products market for microalgae-based products has been negatively impacted due to fluctuations in raw material sourcing and pricing, along with limited operational capabilities due to COVID-19 restrictions. However, shift in consumer lifestyle, rise in preference toward sustainable ingredients have substantially promoted the demand for microalgae-based products in the regional market. Further, several industrial bases such as food & beverages, pharmaceuticals and nutraceuticals, and animal feed are expected to flourish post pandemic, which has a direct correlation with the demand for microalgae-based products in the regional market.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the microalgae-based products market. The Europe microalgae-based products market is expected to grow at a good CAGR during the forecast period.

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Europe Microalgae-Based Products Market Segmentation

Europe Microalgae-Based Products Market – By Product Type

  • Spirulina
  • Chlorella
  • Astaxanthin
  • Beta Carotene
  • Others

Europe Microalgae-Based Products Market – By Application

  • Food and Beverages
  • Animal Feed
  • Pharmaceuticals and Neutraceuticals
  • Personal Care
  • Others

Europe Microalgae-Based Products Market- By Country

  • Germany
  • France
  • Italy
  • U.K.
  • Russia
  • Rest of Europe

Europe Microalgae-Based Products Market-Companies Mentioned

  • AstaReal
  • Bluebiotech International Gmbh
  • Cargill, Incorporated
  • Cyanotech Corporation
  • E.I.D. - Parry (India) Limited
  • Earthrise Nutritionals, Llc
  • Far East Bio-Tec Co., Ltd

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

4. Europe Microalgae-Based Products Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of Substitutes

4.2.4 Threat of New Entrants

4.2.5 Intensity of Competitive Rivalry

4.3 Ecosystem Analysis

4.4 Expert Opinions

5. Europe Microalgae-Based Products Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rise in Demand for Microalgae in Pharmaceuticals and Nutraceuticals

5.1.2 Growing Focus towards Increased Algae Production

5.2 Market Restraints

5.2.1 Complex and Costly Manufacturing Process

5.3 Market Opportunities

5.3.1 Growing Research in Applications and Commercial Viability of Microalgae

5.4 Future Trends

5.4.1 Significant Focus on Research and Development Activities to Expand Market

5.5 Impact Analysis of Drivers and Restraints

6. Microalgae-Based Products – Europe Market Analysis

6.1 Microalgae-Based Products Market Overview

6.2 Europe Microalgae-Based Products Market –Revenue and Forecast to 2028 (US$ Million)

7. Europe Microalgae-Based Products Market Analysis – By Product Type

7.1 Overview

7.2 Europe Microalgae-Based Products Market Breakdown, by Type, 2020 & 2028

7.3 Spirulina

7.3.1 Overview

7.3.2 Spirulina: Microalgae-Based Products Market, Revenue and Forecast to 2028 (US$ Million)

7.4 Chlorella

7.4.1 Overview

7.4.2 Chlorella: Microalgae-Based Products Market, Revenue and Forecast to 2028 (US$ Million)

7.5 Astaxanthin

7.5.1 Overview

7.5.2 Astaxanthin: Microalgae-Based Products Market, Revenue and Forecast to 2028 (US$ Million)

7.6 Beta Carotene

7.6.1 Overview

7.6.2 Beta Carotene: Microalgae-Based Products Market, Revenue and Forecast to 2028 (US$ Million)

7.7 Others

7.7.1 Overview

7.7.2 Others: Microalgae-Based Products Market, Revenue and Forecast to 2028 (US$ Million)

8. Europe Microalgae-Based Products Market Analysis – By Application

8.1 Overview

8.2 Europe Microalgae-Based Products Market Breakdown, by Application, 2020 & 2028

8.3 Food and Beverages

8.3.1 Overview

8.3.2 Food and Beverages: Microalgae-Based Products Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Animal Feed

8.4.1 Overview

8.4.2 Animal Feed: Microalgae-Based Products Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Pharmaceuticals and Nutraceuticals

8.5.1 Overview

8.5.2 Pharmaceuticals and Nutraceuticals: Microalgae-Based Products Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Personal Care

8.6.1 Overview

8.6.2 Personal Care: Microalgae-Based Products Market – Revenue and Forecast to 2028 (US$ Million)

8.7 Others

8.7.1 Overview

8.7.2 Others: Microalgae-Based Products Market – Revenue and Forecast to 2028 (US$ Million)

9. Europe Microalgae-Based Products Market – Country Analysis

9.1 Overview

9.1.1 Europe: Microalgae-Based Products Market, by Key Country

9.1.1.1 Germany: Microalgae-Based Products Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1 Germany: Microalgae-Based Products Market, by Type

9.1.1.1.2 Germany: Microalgae-Based Products Market, by Application

9.1.1.2 France: Microalgae-Based Products Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1 France: Microalgae-Based Products Market, by Type

9.1.1.2.2 France: Microalgae-Based Products Market, by Application

9.1.1.3 Italy: Microalgae-Based Products Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1 Italy: Microalgae-Based Products Market, by Type

9.1.1.3.2 Italy: Microalgae-Based Products Market, by Application

9.1.1.4 United Kingdom: Microalgae-Based Products Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1 United Kingdom: Microalgae-Based Products Market, by Type

9.1.1.4.2 United Kingdom: Microalgae-Based Products Market, by Application

9.1.1.5 Russia: Microalgae-Based Products Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.5.1 Russia: Microalgae-Based Products Market, by Type

9.1.1.5.2 Russia: Microalgae-Based Products Market, by Application

9.1.1.6 Rest of Europe: Microalgae-Based Products Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.6.1 Rest of Europe: Microalgae-Based Products Market, by Type

9.1.1.6.2 Rest of Europe: Microalgae-Based Products Market, by Application

10. Overview – Impact of COVID-19 on Microalgae-based Products Market

10.1 Overview

11. Industry Landscape

11.1 Product & Service Launch

11.2 Business Planning and Strategy

11.3 Product Approval

12. Company Profiles

12.1 Bluebiotech International Gmbh

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Cargill, Incorporated

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Earthrise Nutritionals, Llc

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 E.I.D. - Parry (India) Limited

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Cyanotech Corporation

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Far East Bio-Tec Co., Ltd

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 AstaReal

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

Table 1. Europe Microalgae-Based Products Market –Revenue and Forecast to 2028 (US$ Million)

Table 2. Germany Microalgae-Based Products Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 3. Germany Microalgae-Based Products Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 4. France Microalgae-Based Products Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 5. France Microalgae-Based Products Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 6. Italy Microalgae-Based Products Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 7. Italy Microalgae-Based Products Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 8. United Kingdom Microalgae-Based Products Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 9. United Kingdom Microalgae-Based Products Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 10. Russia Microalgae-Based Products Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 11. Russia Microalgae-Based Products Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 12. Rest of Europe Microalgae-Based Products Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 13. Rest of Europe Microalgae-Based Products Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 14. Glossary of Terms, Europe Microalgae-Based Products Market

Figure 1. Europe Microalgae-Based Products Market Segmentation

Figure 2. Europe Microalgae-Based Products Market Segmentation – By Country

Figure 3. Europe Microalgae-Based Products Market Overview

Figure 4. Spirulina Segment is Dominating the Europe Microalgae-Based Products Market

Figure 5. Rest of Europe Held Largest Share of Europe Microalgae-Based Products Market

Figure 6. Europe Microalgae-Based Products Market, Industry Landscape

Figure 7. Porter ‘s Five Forces Analysis for Microalgae-Based Products Market

Figure 8. Microalgae-Based Products Market– Ecosystem Analysis

Figure 9. Expert Opinion

Figure 10. Europe Microalgae-based products Market Impact Analysis of Drivers and Restraints

Figure 11. Europe: Microalgae-Based Products Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12. Europe Microalgae-Based Products Market Breakdown, By Product Type, 2020 & 2028 (%)

Figure 13. Europe Spirulina: Microalgae-Based Products Market, Revenue and Forecast to 2028 (US$ Million)

Figure 14. Europe Chlorella: Microalgae-Based Products Market, Revenue and Forecast to 2028 (US$ Million)

Figure 15. Europe Astaxanthin: Microalgae-Based Products Market, Revenue and Forecast to 2028 (US$ Million)

Figure 16. Europe Beta Carotene: Microalgae-Based Products Market, Revenue and Forecast to 2028 (US$ Million)

Figure 17. Europe Others: Microalgae-Based Products Market, Revenue and Forecast to 2028 (US$ Million)

Figure 18. Europe Microalgae-Based Products Market Breakdown, by End Use Industry, 2020 & 2028 (%)

Figure 19. Europe Food and Beverages: Microalgae-Based Products Market – Revenue and Forecast To 2028 (US$ Million)

Figure 20. Europe Animal Feed: Microalgae-Based Products Market – Revenue and Forecast To 2028 (US$ Million)

Figure 21. Europe Pharmaceuticals and Nutraceuticals: Microalgae-Based Products Market – Revenue and Forecast To 2028 (US$ Million)

Figure 22. Europe Personal Care: Microalgae-Based Products Market – Revenue and Forecast To 2028 (US$ Million)

Figure 23. Europe Others: Microalgae-Based Products Market – Revenue and Forecast To 2028 (US$ Million)

Figure 24. Europe: Microalgae-Based Products Market, by Key Country-Revenue 2020 (US$ Million)

Figure 25. Europe: Microalgae-Based Products Market Revenue Share, by Key Country (2020 and 2028)

Figure 26. Germany: Microalgae-Based Products Market –Revenue and Forecast to 2028 (US$ Million)

Figure 27. France: Microalgae-Based Products Market –Revenue and Forecast to 2028 (US$ Million)

Figure 28. Italy: Microalgae-Based Products Market –Revenue and Forecast to 2028 (US$ Million)

Figure 29. United Kingdom: Microalgae-Based Products Market –Revenue and Forecast to 2028 (US$ Million)

Figure 30. Russia: Microalgae-Based Products Market –Revenue and Forecast to 2028 (US$ Million)

Figure 31. Rest of Europe: Microalgae-Based Products Market –Revenue and Forecast to 2028 (US$ Million)

Figure 32. Impact of COVID-19 Pandemic in Europe

  1. AstaReal
  2. Bluebiotech International Gmbh
  3. Cargill, Incorporated
  4. Cyanotech Corporation
  5. E.I.D. - Parry (India) Limited
  6. Earthrise Nutritionals, Llc
  7. Far East Bio-Tec Co., Ltd
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe Microalgae-Based Products market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Europe Microalgae-Based Products market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Microalgae-Based Products market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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