ALGACULTURE MARKET ANALYSIS

Algaculture Market, By Type of Organism (Microalgae, Macroalgae (seaweeds)), By Application (Food & Dietary Supplements, Pharmaceuticals, Biofuels, Animal & Aquaculture Feed, Cosmetics, Wastewater Treatment, Others (including bioplastics, pigments, etc.)), By Cultivation Technology (Open Ponds, Photobioreactors, Fermenters, Hybrid Systems, Others), By Form (Dry Biomass, Liquid Extracts, Powder, Oil), By Scale of Operation (Commercial, Research & Development, Pilot), By Harvesting Technique (Centrifugation, Flocculation, Filtration, Gravity Sedimentation, Others), By Strain Type (Natural Strains, Genetically Modified Strains), By Market Type (Bulk Products, High-value Products), By Input Sources (Freshwater, Marine Water, Wastewater), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Recent Developments

New product launches

Algae-based fertilizer: Algix launched an algae-based fertilizer that is designed to improve crop yields and reduce the need for chemical fertilizers. The fertilizer is made from a blend of seaweed and microalgae that are rich in nutrients, including nitrogen, phosphorus, and potassium.
Algae-based feed additive: Blue Ocean Nutrition launched an algae-based feed additive that is designed to improve the health and performance of livestock. The feed additive is made from a blend of microalgae that are rich in omega-3 fatty acids, vitamins, and minerals.
Algae-based biofuel: Sapphire Energy launched an algae-based biofuel that is designed to reduce greenhouse gas emissions. The biofuel is made from a strain of algae that is naturally resistant to pests and diseases, and it can be grown in a variety of climates.

Acquisition and partnerships

In 2022, Solazyme, a leading producer of algae-based products, was acquired by Amyris, a synthetic biology company. This acquisition will help Amyris expand its product portfolio and reach new markets.
In 2021, BlueNerd Foods, a producer of algae-based snacks, partnered with Tyson Foods, a major food company. This partnership will help BlueNerd Foods to scale up its production and distribution.
In 2020, AlgaeCal, a producer of algae-based calcium supplements, partnered with CVS Health, a major pharmacy retailer. This partnership will help AlgaeCal reach a wider audience.