Microalgae Fertilizers Market Size

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.