Seattle, WA -- (SBWire) -- 11/20/2019 --Microphytes or microalgae are microscopic algae, typically found in freshwater and marine systems living in both the water column and sediment. They are unicellular species which exist individually, or in chains or groups. Depending on the species, their sizes can range from a few micrometers (µm) to a few hundreds of micrometers. Unlike higher plants, microalgae do not have roots, stems, or leaves.
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Microalgae such as microphytes constitute the basic foodstuff for numerous aquaculture species, especially filtering bivalves. Photosynthetic and chemosynthetic microbes can also form symbiotic relationships with host organisms. They provide them with vitamins and polyunsaturated fatty acids, necessary for the growth of the bivalves which are unable to synthesize it themselves.
In addition, because the cells grow in aqueous suspension, they have more efficient access to water, CO2, and other nutrients. Microalgae play a major role in nutrient cycling and fixing inorganic carbon into organic molecules. While fish oil has become famous for its omega-3 fatty acid content, fish don't actually produce omega-3s, instead accumulating their omega-3 reserves by consuming microalgae. These omega-3 fatty acids can be obtained in the human diet directly from the microalgae that produce them.
Currently, a major challenge affecting the market growth is the limitation of downstream market. As large demand of healthy products at home and abroad, many companies began to enter the field. Currently, the Microalgae industry is not only begin to transit to Microalgae products, while still extend in the resource-rich land and downstream industry chain.
The worldwide market for Microalgae is expected to grow at a CAGR of roughly 3.5% over the next five years, will reach 3790 million US$ in 2027, from 3090 million US$ in 2019, according to a new WMR study.
The global Microalgae industry Mainly Concentrates in USA, Europe, China and Japan. The global leading players in this market are DIC Corporation, Cyanotech Corporation, Algaetech Group, TAAU Australia, Fuqing King Dnarmsa Spirulina, Shengbada Biology, CBN, Green-A, Parry, Nutraceuticals, Hydrolina Biotech, Spirin, Chenghai Bao ER
Market Segment by Type, covers: Spirulina, Chlorella, Arthrospira, Tetraselmis, Others
Market Segment by Applications, can be divided into: Food, Feed (For Bivalves, For Shrimp, For Marine fish larvae, For zooplankton), Pharmaceuticals, Biofuels
This report focuses on the Microalgae in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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Microalgae Market Industry Players to Hold a High Potential for Growth by 2027
Currently, a major challenge affecting the market growth is the limitation of downstream market. As large demand of healthy products at home and abroad, many companies began to enter the field. Currently, the Microalgae industry is not only begin to transit to Microalgae products, while still extend in the resource-rich land and downstream industry chain.