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Algae-based Food Additive Market Size
The global algae-based food additive market size was valued at USD 178.1 million in 2024 and is estimated to grow at a CAGR of over 7.1% from 2025 to 2034.
Propelled by the increasing consumer preference for natural and sustainable ingredients drives the demand for algae-derived products as they are considered eco-friendly alternatives. Additionally, the rising awareness of the nutritional benefits associated with algae-based additives, such as omega-3 fatty acids and proteins, contributes to their popularity in the food industry.
How big is the algae-based food additive market?
The market size of algae-based food additive reached USD 178.1 million in 2024 and is set to grow at a 7.1% CAGR from 2025 to 2034, driven by increasing consumer preference for natural and sustainable ingredients.
Why is the demand for carrageenan rising in the algae-based food additive industry?
The carrageenan segment held a dominant 48% market share in 2024 due to its widespread use as a thickening and stabilizing agent in various food products.
What is the size of the U.S. algae-based food additive market?
The U.S. market was valued at USD 44.2 million in 2024, supported by rising health consciousness and demand for plant-based, nutrient-rich ingredients like omega-3 fatty acids and proteins.
Who are the major players in the algae-based food additive industry?
Key players in the market include BASF, BlueBioTech, Cargill, Corbion, Cyanotech Corporation, DSM, DuPont, Enovix Corporation, Evonik Industries, and JRS Pharma.