Market Size and Growth Rate

The algae products market is emerging as a key player in the global bioeconomy, offering sustainable solutions across diverse industries. From food and pharmaceuticals to cosmetics, animal feed, and biofuels, algae-based products are increasingly gaining attention due to their nutritional richness, renewable nature, and eco-friendly profile. As the demand for plant-based and sustainable ingredients grows, algae is being seen as a versatile resource with high commercial value.

The global algae products market size was valued at USD 41.88 billion in 2024. The market is projected to grow from USD 44.39 billion in 2025 to USD 70.28 billion by 2032, exhibiting a CAGR of 6.78% during the forecast period. Asia Pacific dominated the algae products market with a market share of 53.25% in 2024.

Key Companies in the Algae Products Market

Some of the leading players driving innovation in this space include:

• Koninklijke DSM N.V. (Netherlands)
• BASF SE (Germany)
• Cyanotech Corporation (U.S.)
• Cargill Inc. (U.S.)
• The Archer-Daniels-Midland (U.S.)
• Fuji Chemical Industries Co., Ltd. (AstaReal Co., Ltd.) (Japan)
• MiAlgae Ltd (U.S.)
• Corbion N.A. (Netherlands)
• Algenol Biotech (U.S.)
• Algae Systems, LLC (U.S.)

These companies are focusing on R&D, mergers, and strategic partnerships to enhance production capacity, improve algae strains, and develop value-added products.

What Are Algae Products?

Algae products are derived from microalgae (e.g., spirulina, chlorella, and dunaliella) and macroalgae (seaweeds like kelp and nori). These algae are cultivated in freshwater, marine, or brackish water environments and processed into various forms such as powders, capsules, oils, and extracts.

Popular algae products include:

• Spirulina and Chlorella supplements