December 3, 2023

NEWARK, DE / ACCESSWIRE / June 12, 2023 / The personal care and cosmetics microalgae market is expected to reach US$ 61 million by 2023. The personal care and cosmetics microalgae industry is estimated to reach US$ 107.0 million by 2033, rising at a CAGR of 6% between 2023 and 2033.

The personal care and cosmetics business has seen an increase in interest in natural and sustainable chemicals, and microalgae have emerged as a promising source of bioactive substances. The microalgae market in personal care and cosmetics is predicted to increase significantly in the next years.

The rise of the microalgae market in personal care and cosmetics is being driven by the rising customer desire for natural and sustainable goods as well as the growing awareness of the environmental impact of conventional cosmetic components.

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Personal care and cosmetics microalgae manufacturers are making investments in research and development to investigate novel microalgae strains and enhance growing practices, ensuring a scalable and sustainable supply chain. As the industry recognizes the promise of these adaptable microorganisms, the personal care and cosmetics microalgae market is positioned for significant growth.

Nature’s Elixir: Microalgae and the Rise of Eco-Friendly Cosmetics

The personal care and cosmetics business has uncovered a sustainable gem in its pursuit of eco-friendly practices: microalgae. Microalgae are a renewable resource with a low environmental imprint than petroleum or animal-derived substances due to their quick development and adaptation to varied settings. As consumer knowledge of sustainability grows, so does the demand for natural and sustainable cosmetic products.

Beauty firms are embracing a green approach, delivering new and eco-friendly products that not only enhance beauty but also preserve our world, by harnessing the power of microalgae.

From Pond to Perfection: Microalgae’s Miraculous Anti-Aging Discovery

Microalgae, a natural wonder, hold the key to young skin. These small creatures are rich in antioxidants, peptides, and fatty acids, and provide a plentiful source of anti-ageing bioactive substances. The ageing process of the skin can be gently resisted by integrating microalgae into skincare formulas such as creams, serums, and masks.

Wrinkles fade, suppleness is restored, and a beautiful, youthful glow emerges, allowing people to experience the eternal beauty that microalgae unleash.

Regional Outlook

The Glow Game’s Pioneer in North America

The personal care and cosmetics microalgae market favors North America as a leading competitor. Customers in the area are accepting eco-friendly substitutes thanks to a strong focus on sustainable beauty. North America is leading the way in microalgae-based cosmetic products thanks to the availability of state-of-the-art research facilities and a rising desire for natural ingredients.

Utilizing Ancient Wisdom in the Asia Pacific

The custom of employing natural products in beauty routines is one that Asia-Pacific cherishes. Exploring the potential of microalgae is made possible by the area’s extensive knowledge of traditional medicine and herbal medicines.

The demand for microalgae-infused cosmetics is increasing in Asia-Pacific due to rising disposable incomes, an emphasis on maintaining young, and a growing awareness of environmental practices.

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Key Takeaways

  • From 2023 to 2033, the United States may gain a 32% market share in the global personal care and cosmetics microalgae market.

  • Germany may control 10% of the global personal care and cosmetics microalgae industry from 2023 to 2033.

  • Between 2023 and 2033, Japan may increase its share of the personal care and cosmetics microalgae industry to 0.8%.

  • Australia to hold a 0.5% share of the personal care and cosmetics microalgae market from 2023 to 2033.

  • The Spirulina segment of the Species Type category is predicted to have a market share of 21.4% by 2033.

  • The skin care sector wants to attain a substantial market share of 21.4% in the end-use category between 2023 and 2033.

  • The marine water sector wants to attain a substantial market share of 45% in the source category between 2023 and 2033.

  • During the forecast period, China’s personal care and cosmetics microalgae business to expand at a CAGR of 6.7%.

  • From 2023 to 2033, the United Kingdom’s personal care and cosmetics microalgae industry is estimated to register a 10.3% CAGR.

  • India’s personal care and cosmetics microalgae market to record a CAGR of 4.5% through 2033.

Competitive Landscape

As businesses become aware of the advantages of microalgae-derived components and the need for natural and sustainable products, the personal care and cosmetics microalgae market has grown competitive.

Microalgae extracts are included by both established and new cosmetic companies in their product lines to create cutting-edge formulations. To guarantee a steady supply of high-quality microalgae extracts, specialized biotechnology companies with a focus on microalgae cultivation and extraction have arisen.

Recent Developments:



DSM Successfully Acquires Prodap, Increasing Portfolio of Animal Nutrition

DSM, a large, science-based firm with a global presence, has successfully acquired Prodap. This strategic acquisition expands DSM’s portfolio of animal nutrition products and demonstrates the company’s dedication to developing cutting-edge solutions for the changing demands of the market.

DIC Global and Cyanotech Corporation Announce a Strategic Partnership

Leading international corporation DIC Global has announced a strategic partnership with Cyanotech Corporation to promote innovation and enhance market presence. Both organizations might be well-positioned for future success in their respective industries thanks to this partnership’s enormous potential for growth and synergy.

Key Players Operating in the Market

  • DIC Corporation

  • Cyanotech Corporation

  • Koninkliijke DSM NV

  • Roquette Frères


  • Fuji Chemical Industries Co., Ltd.

  • Parry Nutraceuticals

  • BGG (Beijing Gingko Group)

  • KDI Ingredients

  • Sinoway Industrial Co., ltd.

  • INNOBIO Corporation Limited

  • Yunnan Alphy Biotech Co., Ltd

  • Algaecan Biotech Ltd.

  • Algatechnologies Ltd.

  • Cardax, Inc.

  • Igene Biotechnology, Inc.

  • Fenchem Biotek Ltd.

  • AstaReal Inc.

  • Valensa International

  • Kunming Biogenic Co., Ltd.

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Key Segments

By Species Type:

  • Spirulina

  • Chlorella

  • Dunaliella

  • Haematococcus

  • Schizochytrium

  • Euglena

  • Nannochloropsis

  • Nostoc

  • Phaedactylum

  • Others

By Source:

By End Use Application:

  • Fragrance

  • Hair Care

  • Eye Care

  • Skin Care

    • Anti-aging

    • Acne Preparations

    • Moisturizers

    • Skin Whitening Creams

    • UV-protection

    • Others

  • Oral Care

  • Cosmaceuticals

  • Others

By Region:

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

3.5.1. Supply Side Participants and Their Roles Producers Mid-Level Participants (Traders/ Agents/ Brokers) Wholesalers and Distributors

3.5.2. Value Added and Value Created at Node in the Supply Chain

3.5.3. List of Raw Material Suppliers

3.5.4. List of Existing and Potential Buyers

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.7.1. Profit Margin Analysis

3.7.2. Wholesalers and Distributors

3.7.3. Retailers

3.8. PESTLE and Porter’s Analysis

3.9. Regulatory Landscape

3.9.1. By Key Regions

3.9.2. By Key Countries

3.10. Regional Parent Market Outlook

3.11. Production and Consumption Statistics

3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022

4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Absolute $ Opportunity Analysis

TO Continue TOC…

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About FMI

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

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