Microalgae Fertilizers Market

Microalgae Fertilizers Market Analysis

Microalgae fertilizers are some of the fastest-growing factions in the fertilizer market. The microalgae fertilizer has enormous potential, and the market is expected to rise in the coming years to reach a valuation of over US$ 22 million eventually. Microalgae is phytoplankton that is not visible to the naked eye but is found in fertilizer. It is an organic material that explains the rise in demand in the microalgae fertilizer market. There is a global trend in the worldwide market focusing on better and more sustainable farming. Therefore, it is necessary to recognize that the eutrophication caused by normal fertilizer is no longer acceptable in the fertilizers market. The Microalgae fertilizer marker provides a counterpoint to the problems of inorganic fertilizers. Technology improvement has also added to the greater demand in microalgae fertilizers markets.

The Global Microalgae Fertilizers market is expected to witness a CAGR of 9.75% during the forecast period. The revenue generated by the global Microalgae Fertilizers market in 2021 was over USD 11.33 million and is expected to generate revenue worth USD 22.28 million in 2028. Therefore, the incremental growth opportunity offered by the global Microalgae Fertilizers is estimated to be USD 120.3 million between 2022 and 2028.

Interesting Facts about Microalgae Fertilizers Industry

• Microalgae are highly efficient in the recovery of nutrients and have strong potential as a source of fertilizers
• Large-scale commercial production of microalgae fertilizers still has a lot of challenges
• Microalgae can be grown using CO2
• Microalgae fertilizers are still in their nascent stage and need to be researched
• S. and UK are leading research & development in the field of microalgae fertilizers

Growing Trend of Organic Food & Farming

As there is a more significant trend in the more sustainable farming of food products, we see an opportunity for the microalgae fertilizers market. There is also a rise in demand for microalgae made in marine water rather than freshwater, so as the demand grows, people are likely to move from microalgae in freshwater to marine water. There will be a rise in organic farming due to industry-wide trends, where the microalgae fertilizers market can flourish. The increase in organic food consumption will increase organic food production, which means a greater need for bio-fertilizers. The lack of bio-fertilizers will lead to a rise in microalgae fertilizers. Microalgae also leave room for R&D practices on how effectively companies can provide fertilizers for organic production. The trends also support the shift to better agricultural practices for greater soil stability and enhanced productivity. Companies may invest in further research on microalgae to understand if they can use these cohesively for their benefit. Governments are also supporting the agricultural industry in the form of granting funds. There is funding for raw materials, agrochemicals, and other products to help drive the demand for microalgae fertilizers. Consumers now have better lifestyles and healthier habits. The trend has led to creating better and more organic food products, strengthening the demand for bio-fertilizers to improve food quality. This fact can prove fruitful for the industry in the long run as health is closely related to the quality of life.

Spirulina to Lead the Demand

Spirulina, Chlorella, Dunaliella, Schizochytrium, Euglena, Nannochloropsis, Nostoc, and Others are some of the major species used in microalgae fertilizers. Spirulina is the leading type of species used in microalgae fertilizers and accounted for over 35% of the total revenue generated in 2021. Biocontrole, Soil microalgae, Biostimulants, and Soil conditioners are significant applications for microalgae fertilizers.

Unfavorable Climate Change or Pose Major Challenge 

Climate change is one of the major restraints in the microalgae fertilizers market. As climate change affects different countries, the microalgae production in various fresh water and marine water bodies may reduce. There’s also the restraint of accessibility. Countries in the developing world do not have access to the tools to extract microalgae from these bodies. Thus the restraint for the microalgae fertilizers market may be that of accessibility. The developing world also lacks awareness, which can severely hamper the adoption of microalgae in the fertilizer sector.

Fresh Water Microalgae Fertilizers to Dominate

Fresh water and marine water are two primary sources of microalgae fertilizers. Freshwater microalgae fertilizers are leading the demand with over 70% share in total revenue generation in 2021. Growing government support, rising demand for organic products, and growing awareness among end-user regarding the heath benefits of organic products are some of the significant factors fueling the need for microalgae fertilizers in North America. North America accounted for over 35% share in 2021 and was closely followed by Europe. In contrast, Asia Pacific is likely to report strong growth over the forecast period in the years to come.

Some of the key players operating in the global microalgae fertilizers market include but are not limited to Algaenergy, Algatec (Lusoamoreiras), Algatechnologies Ltd., Algenol, Algix, Allmicroalgae, BASF SE, BGG (Beijing Gingko Group), Cellana LLC, Cyanotech Corporation, DIC Corporation, Fuji Chemical Industries Co., Ltd., Inner Mongolia Rejuve Biotech Co. Ltd., INNOBIO Corporation Limited, KDI Ingredients, Koninklijke DSM NV, Nikken Sohonsha, Nikken Sohonsha Corp, Parry Nutraceuticals, Roquette Frères, and Sinoway Industrial Co., ltd.

1. Preface

1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Microalgae Fertilizers Market

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Microalgae Fertilizers Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Major Industry Challenges
3.2.3. Key Growth Pockets
3.3. Attractive Investment Proposition,2021
3.3.1. Species Type
3.3.2. Application
3.3.3. Source
3.3.4. Geography
3.4. Porter’s Five Forces Analysis
3.4.1. Threat of New Entrants
3.4.2. Bargaining Power of Buyers/Consumers
3.4.3. Bargaining Power of Suppliers
3.4.4. Threat of Substitute Applications
3.4.5. Intensity of Competitive Rivalry
3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2021
4.1. Company market share of key players, 2021
4.2. Top 6 Players
4.3. Top 3 Players
4.4. Major Strategies Adopted by Key Players

5. COVID 19 Impact Analysis
5.1. Global Microalgae Fertilizers Market Pre Vs Post COVID 19, 2019 – 2028
5.2. Impact on Import & Export
5.3. Impact on Demand & Supply

6. North America
6.1. North America Microalgae Fertilizers Market, by Country, 2016-2028(US$ Bn)
6.1.1. U.S.
6.1.2. Canada
6.1.3. Mexico
6.2. North America Microalgae Fertilizers Market, by Species Type, 2016-2028(US$ Bn)
6.2.1. Overview
6.2.2. Spirulina
6.2.3. Chlorella
6.2.4. Dunaliella
6.2.5. Schizochytrium
6.2.6. Euglena
6.2.7. Nannochloropsis
6.2.8. Nostoc
6.2.9. Others
6.3. North America Microalgae Fertilizers Market, by Application, 2016-2028(US$ Bn)
6.3.1. Overview
6.3.2. Biofertilizers
6.3.3. Biocontrole
6.3.4. Soil microalgae
6.3.5. Biostimulants
6.3.6. Soil Conditioner
6.4. North America Microalgae Fertilizers Market, by Source, 2016-2028(US$ Bn)
6.4.1. Overview
6.4.2. Marine water
6.4.3. Fresh Water

7. Europe
7.1. Europe Microalgae Fertilizers Market, by Country, 2016-2028(US$ Bn)
7.1.1. UK
7.1.2. France
7.1.3. Germany
7.1.4. Italy
7.1.5. Russia
7.1.6. Spain
7.1.7. Belgium
7.1.8. Netherland
7.1.9. Austria
7.1.10. Sweden
7.1.11. Poland
7.1.12. Denmark
7.1.13. Switzerland
7.1.14. Rest of Europe
7.2. Europe Microalgae Fertilizers Market, by Species Type, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Spirulina
7.2.3. Chlorella
7.2.4. Dunaliella
7.2.5. Schizochytrium
7.2.6. Euglena
7.2.7. Nannochloropsis
7.2.8. Nostoc
7.2.9. Others
7.3. Europe Microalgae Fertilizers Market, by Application, 2016-2028(US$ Bn)
7.3.1. Overview
7.3.2. Biofertilizers
7.3.3. Biocontrole
7.3.4. Soil microalgae
7.3.5. Biostimulants
7.3.6. Soil Conditioner
7.4. Europe Microalgae Fertilizers Market, by Source, 2016-2028(US$ Bn)
7.4.1. Overview
7.4.2. Marine water
7.4.3. Fresh Water

8. Asia Pacific
8.1. Asia Pacific Microalgae Fertilizers Market, by Country, 2016-2028(US$ Bn)
8.1.1. China
8.1.2. Japan
8.1.3. South Korea
8.1.4. India
8.1.5. Australia
8.1.6. New Zealand
8.1.7. Taiwan
8.1.8. Southeast Asia
8.1.9. Central Asia
8.1.10. Rest of Asia Pacific
8.2. Asia Pacific Microalgae Fertilizers Market, by Species Type, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. Spirulina
8.2.3. Chlorella
8.2.4. Dunaliella
8.2.5. Schizochytrium
8.2.6. Euglena
8.2.7. Nannochloropsis
8.2.8. Nostoc
8.2.9. Others
8.3. Asia Pacific Microalgae Fertilizers Market, by Application, 2016-2028(US$ Bn)
8.3.1. Overview
8.3.2. Biofertilizers
8.3.3. Biocontrole
8.3.4. Soil microalgae
8.3.5. Biostimulants
8.3.6. Soil Conditioner
8.4. Asia Pacific Microalgae Fertilizers Market, by Source, 2016-2028(US$ Bn)
8.4.1. Overview
8.4.2. Marine water
8.4.3. Fresh Water

9. Latin America
9.1. Latin America Microalgae Fertilizers Market, by Country, 2016-2028(US$ Bn)
9.1.1. Brazil
9.1.2. Argentina
9.1.3. Peru
9.1.4. Chile
9.1.5. Colombia
9.1.6. Rest of Latin America
9.2. Latin America Microalgae Fertilizers Market, by Species Type, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.2. Spirulina
9.2.3. Chlorella
9.2.4. Dunaliella
9.2.5. Schizochytrium
9.2.6. Euglena
9.2.7. Nannochloropsis
9.2.8. Nostoc
9.2.9. Others
9.3. Latin America Microalgae Fertilizers Market, by Application, 2016-2028(US$ Bn)
9.3.1. Overview
9.3.2. Marine water
9.3.3. Fresh Water
9.4. Latin America Microalgae Fertilizers Market, by Source, 2016-2028(US$ Bn)
9.4.1. Overview
9.4.2. Automotive
9.4.3. Power Generation
9.4.4. Heat generation
9.4.5. Alternative Fuel
9.4.6. Water Heating
9.4.7. Space Heating
9.4.8. Bio-fuel

10. Middle East
10.1. Middle East Microalgae Fertilizers Market, by Country, 2016-2028(US$ Bn)
10.1.1. UAE
10.1.2. KSA
10.1.3. Israel
10.1.4. Turkey
10.1.5. Iran
10.1.6. Rest of Middle East
10.2. Middle East Microalgae Fertilizers Market, by Species Type, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. Spirulina
10.2.3. Chlorella
10.2.4. Dunaliella
10.2.5. Schizochytrium
10.2.6. Euglena
10.2.7. Nannochloropsis
10.2.8. Nostoc
10.2.9. Others
10.3. Middle East Microalgae Fertilizers Market, by Application, 2016-2028(US$ Bn)
10.3.1. Overview
10.3.2. Biofertilizers
10.3.3. Biocontrole
10.3.4. Soil microalgae
10.3.5. Biostimulants
10.3.6. Soil Conditioner
10.4. Middle East Microalgae Fertilizers Market, by Source, 2016-2028(US$ Bn)
10.4.1. Overview
10.4.2. Marine water
10.4.3. Fresh Water

11. Africa
11.1. Africa Microalgae Fertilizers Market, by Country, 2016-2028(US$ Bn)
11.1.1. South Africa
11.1.2. Egypt
11.1.3. Nigeria
11.1.4. Rest of Africa
11.2. Africa Microalgae Fertilizers Market, by Species Type, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. Spirulina
11.2.3. Chlorella
11.2.4. Dunaliella
11.2.5. Schizochytrium
11.2.6. Euglena
11.2.7. Nannochloropsis
11.2.8. Nostoc
11.2.9. Others
11.3. Africa Microalgae Fertilizers Market, by Application, 2016-2028(US$ Bn)
11.3.1. Overview
11.3.2. Biofertilizers
11.3.3. Biocontrole
11.3.4. Soil microalgae
11.3.5. Biostimulants
11.3.6. Soil Conditioner
11.4. Africa Microalgae Fertilizers Market, by Source, 2016-2028(US$ Bn)
11.4.1. Overview
11.4.2. Marine water
11.4.3. Fresh Water

12. Global
12.1. Global Microalgae Fertilizers Market, by Species Type, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. Spirulina
12.1.3. Chlorella
12.1.4. Dunaliella
12.1.5. Schizochytrium
12.1.6. Euglena
12.1.7. Nannochloropsis
12.1.8. Nostoc
12.1.9. Others
12.2. Global Microalgae Fertilizers Market, by Application, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. Biofertilizers
12.2.3. Biocontrole
12.2.4. Soil microalgae
12.2.5. Biostimulants
12.2.6. Soil Conditioner
12.3. Global Microalgae Fertilizers Market, by Source, 2016-2028(US$ Bn)
12.3.1. Overview
12.3.2. Marine water
12.3.3. Fresh Water

13. Company Profiles
13.1. Algaenergy
13.2. Algatec (Lusoamoreiras)
13.3. Algatechnologies Ltd.
13.4. Algenol
13.5. Algix
13.6. Allmicroalgae
13.7. BASF SE
13.8. BGG (Beijing Gingko Group)
13.9. Cellana LLC
13.10. Cyanotech Corporation
13.11. DIC Corporation
13.12. Fuji Chemical Industries Co., Ltd.
13.13. Inner Mongolia Rejuve Biotech Co. Ltd.
13.14. INNOBIO Corporation Limited
13.15. KDI Ingredients
13.16. Koninkliijke DSM NV
13.17. Nikken Sohonsha
13.18. Nikken Sohonsha Corp
13.19. Parry Nutraceuticals
13.20. Roquette Frères
13.21. Sinoway Industrial Co., ltd.
13.22. Others

List of Figures

FIG. 1 Global Microalgae Fertilizers Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Microalgae Fertilizers Market Segmentation
FIG. 4 Global Microalgae Fertilizers Market, by Application, 2019 (US$ Bn)
FIG. 5 Global Microalgae Fertilizers Market, by Source, 2021 (US$ Bn)
FIG. 6 Global Microalgae Fertilizers Market, by Geography, 2021 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2021
FIG. 8 Global Market Positioning of Key Microalgae Fertilizers Market Manufacturers, 2019
FIG. 9 Global Microalgae Fertilizers Market Value Contribution, By Species Type, 2021 & 2028 (Value %)
FIG. 10 Global Microalgae Fertilizers Market, by Spirulina, Value, 2016-2028 (US$ Bn)
FIG. 11 Global Microalgae Fertilizers Market, by Chlorella, Value, 2016-2028 (US$ Bn)
FIG. 12 Global Microalgae Fertilizers Market, by Dunaliella, Value, 2016-2028 (US$ Bn)
FIG. 13 Global Microalgae Fertilizers Market, by Schizochytrium, Value, 2016-2028 (US$ Bn)
FIG. 14 Global Microalgae Fertilizers Market, by Euglena, Value, 2016-2028 (US$ Bn)
FIG. 15 Global Microalgae Fertilizers Market, by Nannochloropsis, Value, 2016-2028 (US$ Bn)
FIG. 16 Global Microalgae Fertilizers Market Value Contribution, By Application, 2021 & 2028 (Value %)
FIG. 17 Global Microalgae Fertilizers Market, by Biofertilizers, Value, 2016-2028 (US$ Bn)
FIG. 18 Global Microalgae Fertilizers Market, by Biocontrole, Value, 2016-2028 (US$ Bn)
FIG. 19 Global Microalgae Fertilizers Market, by Soil microalgae, Value, 2016-2028 (US$ Bn)
FIG. 20 Global Microalgae Fertilizers Market, by Biostimulants, Value, 2016-2028 (US$ Bn)
FIG. 21 Global Microalgae Fertilizers Market, by Soil Conditioner, Value, 2016-2028 (US$ Bn)
FIG. 22 Global Microalgae Fertilizers Market Value Contribution, By Source, 2021 & 2028 (Value %)
FIG. 23 Global Microalgae Fertilizers Market, by Marine water, Value, 2016-2028 (US$ Bn)
FIG. 24 Global Microalgae Fertilizers Market, by Fresh water, Value, 2016-2028 (US$ Bn)
FIG. 25 U.S. Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 26 Rest of North America Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 27 U.K. Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 28 Germany Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 29 France Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 30 Italy Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 31 Spain Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 32 Russia Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 33 BENELUX Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 34 Poland Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 35 Austria Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 36 Rest of Europe Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 37 Japan Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 38 China Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 39 India Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 40 South Korea Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 41 Australia Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 42 Southeast Asia Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 43 Rest of Asia Pacific Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 44 Middle East & Africa Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 45 South Africa Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 46 Nigeria Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 47 Egypt Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 48 GCC Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 49 Israel Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 50 Latin America Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 51 Mechanicalzil Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 52 Argentina Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 53 Colombia Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 54 Peru Microalgae Fertilizers Market, 2016-2028 (US$ Bn)
FIG. 55 Chile Microalgae Fertilizers Market, 2016-2028 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Beauty Devices (Microalgae Fertilizers) Market
TABLE 2 Global Microalgae Fertilizers Market, by Application, 2016-2028 (US$ Bn)
TABLE 3 Global Microalgae Fertilizers Market, by Source, 2016-2028 (US$ Bn)
TABLE 4 Global Microalgae Fertilizers Market, by Geography, 2016-2028 (US$ Bn)
TABLE 5 North America Microalgae Fertilizers Market, by Application, 2016-2028 (US$ Bn)
TABLE 6 North America Microalgae Fertilizers Market, by Source, 2016-2028 (US$ Bn)
TABLE 7 North America Microalgae Fertilizers Market, by Country, 2016-2028 (US$ Bn)
TABLE 8 Europe Microalgae Fertilizers Market, by Application, 2016-2028 (US$ Bn)
TABLE 9 Europe Microalgae Fertilizers Market, by Source, 2016-2028 (US$ Bn)
TABLE 10 Europe Microalgae Fertilizers Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 11 Asia Pacific Microalgae Fertilizers Market, by Application, 2016-2028 (US$ Bn)
TABLE 12 Asia Pacific Microalgae Fertilizers Market, by Source, 2016-2028 (US$ Bn)
TABLE 13 Asia Pacific Microalgae Fertilizers Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 14 Latin America Microalgae Fertilizers Market, by Application, 2016-2028 (US$ Bn)
TABLE 15 Latin America Microalgae Fertilizers Market, by Source, 2016-2028 (US$ Bn)
TABLE 16 Latin America Microalgae Fertilizers Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 17 Middle East Microalgae Fertilizers Market, by Application, 2016-2028 (US$ Bn)
TABLE 18 Middle East Microalgae Fertilizers Market, by Source, 2016-2028 (US$ Bn)
TABLE 19 Middle East Microalgae Fertilizers Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 20 Africa Microalgae Fertilizers Market, by Application, 2016-2028 (US$ Bn)
TABLE 21 Africa Microalgae Fertilizers Market, by Source, 2016-2028 (US$ Bn)
TABLE 22 Africa Microalgae Fertilizers Market, by Country/Region, 2016-2028 (US$ Bn)