Algae Extracts Market Share, Trends Analysis and Outlook 2034
Global Algae Extracts Market Growth, Size, Trends Analysis - By Source, By Form, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Aug-2025 | Report ID: FOOD25107 | Pages: 1 - 272 | Formats*: |
| Category : Food & Beverages | |||
Algae Extracts Market Introduction and Overview
According to SPER Market Research, the Global Algae Extracts Market is estimated to reach USD 11.95 billion by 2034 with a CAGR of 7.46%.
The report includes an in-depth analysis of the Global Algae Extracts Market, including market size and trends, product mix, Applications, and supplier analysis. The market for algae extracts was estimated to be worth USD 5.82 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 7.46% between 2025 and 2034. The increased demand for natural ingredients and growing knowledge of the health advantages of goods made from algae are the reasons for this expansion. As consumers increasingly seek natural and sustainable options, the demand for algae extracts continues to rise, driving market expansion.
By Source Insights
The market was led by the green algae sector in 2024, according to the source. The source segment's market growth is being driven by the various applications of various algae. Carrageenan, agar, and fucoxanthin are among the unique compounds found in red, green, and brown algae that support demand in food, medicine, and cosmetics. Improvements in the collection and processing of algae are boosting output and purity, which is propelling the growth of the sector.
By Form Insights
Based on form, the solid form segment led the algal extracts market in 2024. This segment is essential to the market's diversification and penetration into several industries. Solid forms of algal extracts, such flakes and powders, are crucial for enhancing the stability and shelf life of numerous products, much like barrier resins are in food packaging. These forms are required in cosmetics to preserve product lifetime and quality and in pharmaceuticals to ensure the efficacy of drugs.
By Application Insights
The "Food and Beverages" sector is a significant driver of the algae extracts market, utilizing algae for nutritional enhancement and natural coloring in a wide range of products. The "Personal Care" segment incorporates these extracts for their beneficial effects on the skin, integrating them into various cosmetic and skincare items. Furthermore, High concentrations of vitamins and antioxidants, which are essential in the production of health supplements, make algae extracts valuable in the "Pharmaceuticals & Nutraceuticals" industry.
Regional Insights
In 2024, the United States dominated the market for algal extracts. The development of the industry is greatly aided by the presence of substantial businesses and research centres in the country that concentrate on technologies for cultivating and harvesting algae. Customers' increasing desire for natural and environmentally friendly products across a range of industries, including personal care, food and drink, and medicines, is driving up demand for compounds made from algae. The U.S. market benefits from investments in eco-friendly operations and supportive legislation that speeds up the research and commercialisation of algae extracts.
Market Competitive Landscape
Leading businesses in the competitive algae extracts sector are concentrating on growing their market share through a range of tactics, such as partnerships, technological advancements, and meeting growing demand in industries like pharmaceuticals, food and beverage, personal care, and nutraceuticals. The growing demand for natural and sustainable ingredients is fuelling the market's rapid expansion. Because of their many uses and advantages, businesses are spending money on research and development to enhance and reimagine the production of algae extracts.
Recent Developments:
- In May 2025, Galdieria extract blue—derived from the unicellular red algae Galdieria sulphuraria—was approved by the FDA as a colour additive. This approval broadens the range of natural colorant options available to food manufacturers and affirms the viability of algae-derived ingredients for mainstream use.
- In June 2024, Brevel, Ltd., a company focused on microalgae protein, opened its first commercial facility. Covering an area of 27,000 square feet (around 2,500 square meters), this new plant is designed to produce significant amounts of microalgae protein powder, addressing the rapidly expanding global alternative protein market.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Source, By Form, By Application |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Algatechnologies, Allmicroalgae, Arizona Algae Products, LLC, Blue Evolution, Corbion NV, Cyanotech Corporation, Earthrise Nutritionals LLC, Goerlich Pharma GmbH, Kelp, Olmix Group. |
Key Topics Covered in the Report
- Global Algae Extracts Market Size (FY’2021-FY’2034)
- Overview of Global Algae Extracts Market
- Segmentation of Global Algae Extracts Market By Source (Red Algae, Green Algae, Brown Algae)
- Segmentation of Global Algae Extracts Market By Form (Solid, Liquid)
- Segmentation of Global Algae Extracts Market By Application (Food and Beverages, Personal Care, Pharmaceuticals & Nutraceuticals, Animal Feed)
- Statistical Snap of Global Algae Extracts Market
- Expansion Analysis of Global Algae Extracts Market
- Problems and Obstacles in Global Algae Extracts Market
- Competitive Landscape in the Global Algae Extracts Market
- Details on Current Investment in Global Algae Extracts Market
- Competitive Analysis of Global Algae Extracts Market
- Prominent Players in the Global Algae Extracts Market
- SWOT Analysis of Global Algae Extracts Market
- Global Algae Extracts Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4.Threats
- 5.2.PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3.PORTERs Five Forces
- 5.3.1.Bargaining power of suppliers
- 5.3.2.Bargaining power of buyers
- 5.3.3.Threat of Substitute
- 5.3.4.Threat of new entrant
- 5.3.5.Competitive rivalry
- 5.4.Heat Map Analysis
6. Competitive Landscape
- 6.1. Global Algae Extracts Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Algae Extracts Market
7. Global Algae Extracts Market, By Source (USD Million) 2021-2034
- 7.1 .Red Algae
- 7.2. Green Algae
- 7.3. Brown Algae
- 7.4. Others
8. Global Algae Extracts Market, By Form (USD Million) 2021-2034
- 8.1. Solid
- 8.2. Liquid
9. Global Algae Extracts Market, By Application (USD Million) 2021-2034
- 9.1. Food and Beverages
- 9.2. Personal Care
- 9.3. Pharmaceuticals & Nutraceuticals
- 9.4. Animal Feed
- 9.4.1. Poultry
- 9.4.2. Swine
- 9.4.3. Cattle
- 9.4.4. Aquaculture
- 9.4.5. Petfood
- 9.5.Others
10. Global Algae Extracts Market, (USD Million) 2021-2034
- 10.1. Global Algae Extracts Market Size and Market Share
11. Global Algae Extracts Market, By Region, (USD Million) 2021-2034
- 11.1. Asia-Pacific
- 11.1.1. Australia
- 11.1.2. China
- 11.1.3. India
- 11.1.4. Japan
- 11.1.5. South Korea
- 11.1.6. Rest of Asia-Pacific
- 11.2. Europe
- 11.2.1. France
- 11.2.2. Germany
- 11.2.3. Italy
- 11.2.4. Spain
- 11.2.5. United Kingdom
- 11.2.6. Rest of Europe
- 11.3.Middle East and Africa
- 11.3.1.Kingdom of Saudi Arabia
- 11.3.2.United Arab Emirates
- 11.3.3.Qatar
- 11.3.4.South Africa
- 11.3.5.Egypt
- 11.3.6.Morocco
- 11.3.7.Nigeria
- 11.3.8.Rest of Middle-East and Africa
- 11.4. North America
- 11.4.1. Canada
- 11.4.2. Mexico
- 11.4.3. United States
- 11.5. Latin America
- 11.5.1. Argentina
- 11.5.2. Brazil
- 11.5.3. Rest of Latin America
12. Company Profile
- 12.1. Algatechnologies
- 12.1.1. Company details
- 12.1.2. Financial outlook
- 12.1.3. Product summary
- 12.1.4. Recent developments
- 12.2. Allmicroalgae
- 12.2.1. Company details
- 12.2.2. Financial outlook
- 12.2.3. Product summary
- 12.2.4. Recent developments
- 12.3. Arizona Algae Products, LLC
- 12.3.1. Company details
- 12.3.2. Financial outlook
- 12.3.3. Product summary
- 12.3.4. Recent developments
- 12.4. Blue Evolution
- 12.4.1. Company details
- 12.4.2. Financial outlook
- 12.4.3. Product summary
- 12.4.4. Recent developments
- 12.5. Corbion NV
- 12.5.1. Company details
- 12.5.2. Financial outlook
- 12.5.3. Product summary
- 12.5.4. Recent developments
- 12.6. Cyanotech Corporation
- 12.6.1. Company details
- 12.6.2. Financial outlook
- 12.6.3. Product summary
- 12.6.4. Recent developments
- 12.7. Earthrise Nutritionals LLC
- 12.7.1. Company details
- 12.7.2. Financial outlook
- 12.7.3. Product summary
- 12.7.4. Recent developments
- 12.8. Goerlich Pharma GmbH
- 12.8.1. Company details
- 12.8.2. Financial outlook
- 12.8.3. Product summary
- 12.8.4. Recent developments
- 12.9. Kelp
- 12.9.1. Company details
- 12.9.2. Financial outlook
- 12.9.3. Product summary
- 12.9.4. Recent developments
- 12.10. Olmix Group
- 12.10.1. Company details
- 12.10.2. Financial outlook
- 12.10.3. Product summary
- 12.10.4. Recent developments
- 12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Algae Extracts Market is projected to reach USD 11.95 billion by 2034, growing at a CAGR of 7.46% during the forecast period.
Algae Extracts Market grew in Market size from 2025. The Market is expected to reach USD 11.95 billion by 2034, at a CAGR of 7.46% during the forecast period.
Algae Extracts Market CAGR of 7.46% during the forecast period.
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Algae Extracts Market size is USD 11.95 billion from 2025 to 2034.
Algae Extracts Market is covered By Source, By Form, By Application
United States is anticipated to have the highest Market share in the Algae Extracts Market.
Algatechnologies, Allmicroalgae, Arizona Algae Products, LLC, Blue Evolution, Corbion NV, Cyanotech Corporation, Earthrise Nutritionals LLC, Goerlich Pharma GmbH, Kelp, Olmix Group.
The report includes an in-depth analysis of the Global Algae Extracts Market, including market size and trends, product mix, Applications, and supplier analysis
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