Microalgae Fertilizers Market
Microalgae Fertilizers Market Forecasts to 2030 - Global Analysis By Algae Type (Spirulina, Chlorella, Dunaliella, Haematococcus, Nannochloropsis and Other Algae Types), Form, Nutrient Content, Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $12.75 BN |
|
Projected Year Value (2030) |
US $30.43 BN |
|
CAGR (2024 - 2030) |
12.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Microalgae Fertilizers Market is accounted for $12.75 billion in 2024 and is expected to reach $30.43 billion by 2030 growing at a CAGR of 12.2% during the forecast period. Microalgae fertilizers are organic fertilizers derived from various types of microalgae, which are microscopic, photosynthetic organisms found in aquatic environments. Microalgae fertilizers are rich in growth-promoting substances such as amino acids, lipids, and antioxidants, which can enhance soil health, improve plant resilience, and boost crop yields. They are considered an eco-friendly alternative to synthetic fertilizers due to their sustainability, biodegradability, and minimal environmental impact.
According to IFA, Africa stands at less than 4% of global fertilizers intake considering supply and availability factors in 2020.
Market Dynamics:
Driver:
Growing interest in sustainable agriculture and organic farming
As consumers and farmers alike become more conscious of environmental issues and the adverse effects of synthetic chemicals, there is an increased demand for eco-friendly alternatives. Microalgae fertilizers are rich in essential nutrients and promote soil health, making them an attractive option for organic farming. Their ability to enhance plant growth without harming the environment aligns with the goals of sustainable agriculture. As these practices become more widespread, microalgae fertilizers are gaining popularity, leading to rapid market expansion.
Restraint:
Scalability issues
Microalgae fertilizers face scalability issues due to high production costs, complex cultivation requirements, and limited infrastructure. Large-scale production demands-controlled environments, substantial energy, and water resources, making it expensive. Harvesting and processing techniques remain inefficient, further increasing costs. Consequently, the market struggles to expand, as conventional fertilizers remain the preferred, cost-effective choice, restricting the growth potential of microalgae-based fertilizers.
Opportunity:
Advancements in microalgae cultivation and fertilizer development
Innovations in cultivation techniques, such as photobioreactors and genetic engineering, have improved biomass yield and cost-effectiveness. Additionally, research in bio-based fertilizers has optimized nutrient compositions, ensuring higher crop productivity and soil health. Microalgae-based fertilizers offer eco-friendly alternatives to synthetic fertilizers, reducing environmental impact and promoting organic farming. The rising demand for sustainable agriculture and government initiatives supporting biofertilizers further accelerate market expansion, positioning microalgae fertilizers as a key solution for modern, sustainable farming practices.
Threat:
High production costs
Microalgae fertilizers have high production costs due to the need for controlled cultivation conditions, advanced harvesting technologies, and expensive nutrient inputs. Large-scale production requires photobioreactors or open pond systems, which demand high energy and maintenance. Additionally, extraction and processing methods add to the overall expenses. The market growth is further hampered by limited awareness, technological barriers, and insufficient infrastructure, slowing commercialization despite their environmental and agronomic benefits.
Covid-19 Impact:
The covid-19 pandemic temporarily disrupted the microalgae fertilizers market by affecting supply chains, production processes, and research activities. Restrictions on labour, transport, and raw material availability led to delays in manufacturing and distribution. However, the pandemic also heightened awareness of sustainability and the need for eco-friendly farming practices, driving long-term interest in organic fertilizers. As global agricultural trends shift toward sustainability, the microalgae fertilizers market is expected to recover and grow post-pandemic.
The seed treatment segment is expected to be the largest during the forecast period
The seed treatment segment is expected to account for the largest market share during the forecast period. Microalgae fertilizers in seed treatment enhance germination, root development, and plant resilience by providing bioactive compounds, essential nutrients, and growth-promoting hormones. They improve seed vigor, boost resistance to abiotic stress, and stimulate beneficial microbial activity in the rhizosphere. They reduce dependency on synthetic chemicals, making them an innovative solution for modern agriculture.
The horticulture segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the horticulture segment is predicted to witness the highest growth rate. Microalgae fertilizers are gaining popularity in horticulture due to their rich nutrient profile, bioactive compounds, and eco-friendly nature. They enhance soil fertility, improve plant growth, and boost resistance to pests and diseases. These fertilizers contain essential macronutrients, micronutrients, amino acids, and phytohormones, promoting root development and higher crop yields.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share, driven by increasing demand for sustainable agriculture practices and organic farming. Countries like China, India, and Japan are embracing eco-friendly fertilizers due to their ability to improve soil health and boost crop yields. Government initiatives promoting sustainable farming and reducing chemical fertilizer usage further support market expansion. Additionally, the region’s rich biodiversity provides a diverse range of microalgae species, fostering innovation in fertilizer development.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR. The United States and Canada are key markets, where environmental concerns, coupled with government regulations promoting organic agriculture. Key players such as AlgaEnergy, Solix Algredients, Sustainable Innovations, and PhytoTech are leading the charge in producing innovative microalgae-based fertilizers. As awareness grows and technology advances, the market is poised for significant growth, with North America expected to remain a key region for continued innovation and adoption in the coming years.
Key players in the market
Some of the key players in Microalgae Fertilizers market include BASF SE, Koninklijke DSM NV, Yara International, NutriAg, Cargill Incorporated, Ingredion Incorporated, DIC Corporation, Cyanotech Corporation, Viggi Agro Products, AlgaEnergy, Algtechnologies Corporation, Roquette Frères, Sinoway Industrial Corporation, Brevel, Green Plains Inc., Earthrise Nutritionals and Dunaliella Biotech.
Key Developments:
In June 2024, Brevel launched a state-of-the-art commercial plant aimed at producing high-value yet affordable microalgae protein for the rapidly growing plant-based food market. This new facility marks a pivotal step in Brevel’s mission to provide a sustainable alternative to traditional protein sources. The facility’s advanced production processes focus on maximizing the efficiency of algae cultivation while minimizing environmental impacts.
In March 2024, AlgaEnergy introduced a pioneering microalgae-based fertilizer formulation specifically designed for rice cultivation. This innovative product aims to enhance rice productivity while promoting sustainable farming practices. By optimizing rice yields, this formulation also addresses key agricultural challenges, including soil degradation and the need for environmentally friendly alternatives to conventional fertilizers.
Algae Types Covered:
• Spirulina
• Chlorella
• Dunaliella
• Haematococcus
• Nannochloropsis
• Other Algae Types
Forms Covered:
• Liquid
• Powder
• Granules
Nutrient Contents Covered:
• Nitrogen-rich Fertilizers
• Phosphorus-rich Fertilizers
• Potassium-rich Fertilizers
• Micronutrient-rich Fertilizers
• Other Nutrient Contents
Applications Covered:
• Soil Fertilization
• Foliar Spray
• Bio-Stimulants
• Seed Treatment
• Hydroponics & Vertical Farming
• Compost Enrichment
• Other Applications
End Users Covered:
• Agriculture Industry
• Horticulture
• Aquaculture
• Forestry
• Gardening & Landscaping
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Microalgae Fertilizers Market, By Algae Type
5.1 Introduction
5.2 Spirulina
5.3 Chlorella
5.4 Dunaliella
5.5 Haematococcus
5.6 Nannochloropsis
5.7 Other Algae Types
6 Global Microalgae Fertilizers Market, By Form
6.1 Introduction
6.2 Liquid
6.3 Powder
6.4 Granules
7 Global Microalgae Fertilizers Market, By Nutrient Content
7.1 Introduction
7.2 Nitrogen-rich Fertilizers
7.3 Phosphorus-rich Fertilizers
7.4 Potassium-rich Fertilizers
7.5 Micronutrient-rich Fertilizers
7.6 Other Nutrient Contents
8 Global Microalgae Fertilizers Market, By Application
8.1 Introduction
8.2 Soil Fertilization
8.3 Foliar Spray
8.4 Bio-Stimulants
8.5 Seed Treatment
8.6 Hydroponics & Vertical Farming
8.7 Compost Enrichment
8.8 Other Applications
9 Global Microalgae Fertilizers Market, By End User
9.1 Introduction
9.2 Agriculture Industry
9.3 Horticulture
9.4 Aquaculture
9.5 Forestry
9.6 Gardening & Landscaping
9.7 Other End Users
10 Global Microalgae Fertilizers Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.10 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.10 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.1 Middle East & Africa
10.10.1 Saudi Arabia
10.10.2 UAE
10.10.3 Qatar
10.10.4 South Africa
10.10.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 BASF SE
12.2 Koninklijke DSM NV
12.3 Yara International
12.4 NutriAg
12.5 Cargill Incorporated
12.6 Ingredion Incorporated
12.7 DIC Corporation
12.8 Cyanotech Corporation
12.9 Viggi Agro Products
12.10 AlgaEnergy
12.11 Algtechnologies Corporation
12.12 Roquette Frères
12.13 Sinoway Industrial Corporation
12.14 Brevel
12.15 Green Plains Inc.
12.16 Earthrise Nutritionals
12.17 Dunaliella Biotech
List of Tables
1 Global Microalgae Fertilizers Market Outlook, By Region (2022-2030) ($MN)
2 Global Microalgae Fertilizers Market Outlook, By Algae Type (2022-2030) ($MN)
3 Global Microalgae Fertilizers Market Outlook, By Spirulina (2022-2030) ($MN)
4 Global Microalgae Fertilizers Market Outlook, By Chlorella (2022-2030) ($MN)
5 Global Microalgae Fertilizers Market Outlook, By Dunaliella (2022-2030) ($MN)
6 Global Microalgae Fertilizers Market Outlook, By Haematococcus (2022-2030) ($MN)
7 Global Microalgae Fertilizers Market Outlook, By Nannochloropsis (2022-2030) ($MN)
8 Global Microalgae Fertilizers Market Outlook, By Other Algae Types (2022-2030) ($MN)
9 Global Microalgae Fertilizers Market Outlook, By Form (2022-2030) ($MN)
10 Global Microalgae Fertilizers Market Outlook, By Liquid (2022-2030) ($MN)
11 Global Microalgae Fertilizers Market Outlook, By Powder (2022-2030) ($MN)
12 Global Microalgae Fertilizers Market Outlook, By Granules (2022-2030) ($MN)
13 Global Microalgae Fertilizers Market Outlook, By Nutrient Content (2022-2030) ($MN)
14 Global Microalgae Fertilizers Market Outlook, By Nitrogen-rich Fertilizers (2022-2030) ($MN)
15 Global Microalgae Fertilizers Market Outlook, By Phosphorus-rich Fertilizers (2022-2030) ($MN)
16 Global Microalgae Fertilizers Market Outlook, By Potassium-rich Fertilizers (2022-2030) ($MN)
17 Global Microalgae Fertilizers Market Outlook, By Micronutrient-rich Fertilizers (2022-2030) ($MN)
18 Global Microalgae Fertilizers Market Outlook, By Other Nutrient Contents (2022-2030) ($MN)
19 Global Microalgae Fertilizers Market Outlook, By Application (2022-2030) ($MN)
20 Global Microalgae Fertilizers Market Outlook, By Soil Fertilization (2022-2030) ($MN)
21 Global Microalgae Fertilizers Market Outlook, By Foliar Spray (2022-2030) ($MN)
22 Global Microalgae Fertilizers Market Outlook, By Bio-Stimulants (2022-2030) ($MN)
23 Global Microalgae Fertilizers Market Outlook, By Seed Treatment (2022-2030) ($MN)
24 Global Microalgae Fertilizers Market Outlook, By Hydroponics & Vertical Farming (2022-2030) ($MN)
25 Global Microalgae Fertilizers Market Outlook, By Compost Enrichment (2022-2030) ($MN)
26 Global Microalgae Fertilizers Market Outlook, By Other Applications (2022-2030) ($MN)
27 Global Microalgae Fertilizers Market Outlook, By End User (2022-2030) ($MN)
28 Global Microalgae Fertilizers Market Outlook, By Agriculture Industry (2022-2030) ($MN)
29 Global Microalgae Fertilizers Market Outlook, By Horticulture (2022-2030) ($MN)
30 Global Microalgae Fertilizers Market Outlook, By Aquaculture (2022-2030) ($MN)
31 Global Microalgae Fertilizers Market Outlook, By Forestry (2022-2030) ($MN)
32 Global Microalgae Fertilizers Market Outlook, By Gardening & Landscaping (2022-2030) ($MN)
33 Global Microalgae Fertilizers Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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