March 11, 2022 09:30 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES
ALBANY, N.Y., March 11, 2022 (GLOBE NEWSWIRE) -- Rapidly growing use of microalgae products in health-promoting food and feed, dietary supplements, pharmaceutical, and cosmeceutical preparations pivots on a broad range of therapeutic properties microalgae derived peptides possess. Growing popularity of microalgae as bioactive peptides has spurred interest among cosmetic industry players. The europe microalgae products market is projected to reach valuation of reach US$ 1.6 Bn by the end of 2031, advancing at CAGR of 5.7% during the forecast period (2021–2031).
Several species of microalgae continue to stir R&D among companies developing plant-based proteins used for food and feed, due to the high protein content, thus leading to incredible revenue potential in the Europe microalgae products market. In addition to proteins, microalgae products are a source of polyunsaturated fatty acids, carbohydrates, essential minerals, and vitamins, which has spurred the utilization of the species in nutraceuticals.
Besides nutraceuticals, microalgae products have risen in consumption in animal feed. Indeed, the analysts at TMR have found that the animal feed segment in the Europe microalgae products market is anticipated to garner a CAGR 7.2% during the forecast period.
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Chlorella species has risen in popularity in the Europe microalgae products market as it contains well-balanced amino acid profiles. During the COVID-19 pandemic, algal derived bioactive metabolites have been generating R&D interest as promising therapeutics for the treatment of SARS-CoV-2 and the like viruses, opening new frontiers in the Europe microalgae products market.
Key Findings of Europe Microalgae Products Market Study
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Europe Microalgae Products Market: Key Drivers
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Europe Microalgae Products Market: Lucrative Countries
Europe Microalgae Products Market: Key Players
Some of the key players in the Europe microalgae products market are Sun Chlorella Corporation, Arizona Algae Products LLC, Cyanotech Corporation, Algatechnologies Ltd., Monzón Biotech, NOW Health Group, Inc., Divi’s laboratories Ltd., Beijing Gingko Group, Allmicroalgae Natural Products S.A, Chr. Hansen Holding A/S, Naturex S.A., DIC Corporation, and DSM N.V.
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Europe Microalgae Products Market: Segmentation Europe Microalgae Products Market by Product Type
Europe Microalgae Products Market by Form
Europe Microalgae Products Market by End Use
Europe Microalgae Products Market by Distribution Channel
Europe Microalgae Products Market by Country
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