Microalgae Market Size | Industry Trends & Forecast 2025

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Code: MTA10142

Publication Date: Oct 2025

What is the size of Microalgae Market?

According to 6Wresearch internal database and industry insights, the Global Microalgae Market was valued at USD 1 Billion in 2024 and is expected to reach USD 2.1 Billion by 2031, growing at a compound annual growth rate of 11.20% during the forecast period (2025-2031).

Key factors contributing to this expansion are the growing demand for sustainable and renewable sources throughout various sectors such as food, feed, cosmetics, pharmaceuticals and biofuels, where environmental consciousness, technological advances and global sustainability initiatives aimed at promoting environmentally friendly resource consumption are present.

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Growth Factors for Microalgae Industry

Increase in consumer preference for plant-based and natural ingredients
Increase in demand for functional foods and dietary supplements
Increase in the use of microalgae as an ingredient and animal feed in aquaculture.
Increase in momentum of products based on microalgae towards cosmetics and personal care.
Advances in new cultivation methods have made large/simple scale production of microalgae possible.

Microalgae Market Trends

The Microalgae market is trending due to the overall increase in use in industries. The key trends are increased use in food and beverages, new methods of cultivation, and uses in cosmetics and personal care. There is a growth in products that are microalgae-based due to the market's demand for sustainable and natural ingredients, leading to innovations on the part of companies to feed the market and be in compliance with regulations and concerns for the environment.

Emerging Developments in the Microalgae Market

The Microalgae market is witnessing significant developments, such as the growing adoption of microalgae derivatives in pharmaceutical research. Companies are focusing on optimizing production processes, aiming to reduce environmental impact and enhance efficiency. Furthermore, new microalgae applications in biofuels are emerging, and rising investments are enabling innovation in production technologies. The ongoing trend towards sustainability is likely to drive future market growth.