Microalgae Market by Type (Spirulina, Chlorella, Dunaliella Salina, and Aphanizomenon Flos-Aquae), Application (Dietary Supplements, Food/Feed, Pharmaceutical, Cosmetic, and Others): Global Opportunity Analysis and Industry Forecast 2021-2028
The global microalgae market was valued at $977.3 million in 2020, and is projected to reach $1,485.1 million by 2028, registering a CAGR of 5.4%. North America was the highest revenue contributor in 2020, and is estimated to be dominant throughout the forecast period. Asia-Pacific is estimated grow at a significant CAGR of 6.7%. North America and Europe collectively accounted for a hefty contribution in the global microalgae market share in 2020.
