Microalgae Fertilizers Market size was over USD 13.57 billion in 2024 and is anticipated to cross USD 47.97 billion by 2037, witnessing more than 10.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of medical foods is estimated at USD 14.68 billion.
The microalgae fertilizers market is growing due to the shift from traditional farming to sustainable farming methods. According to the World Bank, by encouraging the greening of agricultural and rural development in the central Chinese provinces of Hubei and Hunan, a new USD 345 million loan for the China Green Agricultural and Rural Revitalization Program for Results would assist China's global public goods program. Additionally, the expanding human population and anthropological activities have made it imperative to employ cost-effective and sustainable technology to meet the demand for agricultural goods now and in the future.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2024-2037 |
CAGR |
10.2% |
Base Year Market Size (2024) |
USD 13.57 billion |
Forecast Year Market Size (2037) |
USD 47.97 billion |
Regional Scope |
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Species (Spirulina, Chlorella, Euglena & Nanoparticles, Nostoc, Special Type)
In microalgae fertilizers market, spirulina segment is anticipated to exceed USD 1.6 Billion by 2037. The segment growth can be credited to the growing focus on health and fitness, consumers are looking for nutrient-rich foods. Spirulina contains a large number of the vital nutrients that our systems require. It contains critical vitamins, phytonutrients such as the uncommon essential fatty acid GLA, sulfolipids, glycolipids, and polysaccharides, and at least 60% protein derived entirely from vegetables.
This encourages plants to be able to access nutrients. Moreover, consumers who care about the environment favor spirulina due to its natural origin and sustainable production methods. Microalgae containing spirulina improve crop yield and plant growth. It is therefore used in organic fertilizers.
Source (Marine Water, Fresh Water)
Marine water segment in the microalgae fertilizers market is expected to register growth of over 7% till 2037. The segment growth can be attributed to the growing technological advancements in the sustainable production of marine water microalgae in the fertilizers sector. Microalgae can develop in a rich and varied habitat found in marine water sources. There are many different types of microalgae in the seas and oceans. These microalgae's high nutritional content and quick growth rates make them ideal for commercial culture.
End-use (Biofertilizers, Biocontrol, Soil Microalgae, Biostimulants, Fungicide & Insecticide, Pesticide, Soil Conditioner, Agriculture Herbicide, Animal Repellent)
Biofertilizers segment is likely to dominate over 30% microalgae fertilizers market share by 2037. The rapid global population expansion that has resulted in a shortage of natural resources, significant emphasis on environmental protection, and increased attention to agriculture-particularly given the growing global need for food-are the main drivers of this segment's growth.
According to the United Nations Organization, the population of the world is predicted to rise by almost 2 billion people over the course of the next 30 years, from the present 8 billion to 9.7 billion in 2050, with a potential peak of roughly 10.4 billion in the middle of the 1980s.
Moreover, growing interest has been shown in using microalgae biomass as a potent biofertilizer on agricultural land due to its high concentration of micro- and macronutrients, bioactive compounds, and phytohormones, which produce positive biochemical effects in the soil ecosystem through interactions between crops and the soil microbiome.
Our in-depth analysis of the global microalgae fertilizers market includes the following segments:
Species |
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Source |
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End-use |
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North America Market Statistics
North America industry is set to dominate majority revenue share of 35% by 2037.The market growth in the region is also expected on account of the growing demand for bio-based goods. The use of microalgae-based fertilizers by farmers is encouraged by policies that support organic fertilizers, which speeds up market expansion.
In terms of microalgae usage in fertilizer products, the United States leads the world. Growing knowledge of environmentally friendly farming methods, better soil stability, and increased output and caliber of corps fuel biofertilizers are all contributing factors in the US agriculture industry.
The Canadian government is highly investing in R&D to create sustainable substitutes for chemical fertilizers to address issues and provide long-term potential. According to a report, in 2022, the Canadian government spends more than USD 1.6 million on cutting-edge technologies for very effective fertilizers. There has been a growing focus on sustainable agriculture practices in Canada. Fertilizers based on microalgae complement this trend by providing organic and eco-friendly substitutes for traditional chemical fertilizers.
European Market Analysis
Europe microalgae fertilizers market is poised to capture revenue share of around 26% by the end of 2037, and will hold the second position owing to the growing focus on organic farming. According to the European Commission, in the EU, the area devoted to organic agriculture production is still growing. Between 2020 and 2021, it grew from 14.7 million hectares (ha) to 15.9 million ha or 9.9% of the EU's total utilized agricultural area (UAA). Also, strict regulations on chemical fertilizer usage in the region is augmenting the market expansion in the region.
The agriculture sector in Germany faces growth and productivity challenges due to abiotic stressors and climate changes. Farmers have begun using biocides and NPK fertilizers in addition to traditional methods to boost yield. Fertilizers often contain microalgae to lessen abiotic stress. As a result, the nation's need for microalgae in fertilizer formulations rises. Furthermore, Germany actively looks for environmentally friendly solutions in a variety of industries, including agriculture, due to its high level of environmental concern.
Microalgae are gaining popularity in the fertilizer industry, and manufacturers are looking to broaden their product offerings to meet the needs of farmers all over the globe.
Author Credits: Nilanjana Ray
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