The India microalgae based products market size reached USD 75.11 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 134.53 Million by 2033, exhibiting a growth rate (CAGR) of 6.18% during 2025-2033. The market is expanding due to growing demand for plant-based protein, increasing use in nutraceuticals and functional foods, rising awareness of sustainable food sources, government initiatives supporting algae cultivation, advancements in biotechnology, expanding applications in biofuels and cosmetics, and the rising need for natural pigments and bioactive compounds.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 75.11 Million |
Market Forecast in 2033 | USD 134.53 Million |
Market Growth Rate (2025-2033) | 6.18% |
Integration of Microalgae in Aquafeed and Livestock Nutrition
Microalgae-based products are gaining traction in aquafeed and livestock nutrition due to their high protein content, omega-3 fatty acids, and bioavailable micronutrients. With India’s growing aquaculture and poultry industries, the demand for sustainable and nutrient-rich feed alternatives is increasing. Microalgae such as Spirulina, Chlorella, and Nannochloropsis are replacing traditional fishmeal and soybean meal, reducing dependence on unsustainable sources. The high digestibility and immunostimulatory properties of microalgae make them valuable in improving animal health, feed efficiency, and disease resistance. Additionally, government initiatives promoting sustainable aquaculture and organic livestock farming are driving the adoption of microalgae-based feed solutions, enhancing India’s food security and environmental sustainability. For instance, in June 2024, CSIR-IICT scientists identified Chlorella Growth Factor (CGF) from Chlorella sorokiniana as a high-quality protein supplement for food and feed applications. Microalgae, being under-exploited, do not compete with traditional crops for space or resources. The study highlights CGF’s superior amino acid profile, positioning it as a sustainable alternative protein source. This research supports India’s growing demand for plant-based proteins, benefiting human nutrition and animal feed industries.
Sustainable Product Application
Sustainable product applications drive market trends for microalgae-based products due to increasing environmental concerns, regulatory pressures, and demand for eco-friendly alternatives across industries. Microalgae offer biodegradable, renewable, and carbon-neutral solutions, making them ideal for bioplastics, wastewater treatment, sustainable packaging, biofuels, and natural pigments. Governments and corporations are investing in green technologies, driving research in microalgae-derived bioactive compounds, food supplements, and industrial biomaterials. The growing shift toward circular economy models is further promoting microalgae-based carbon sequestration, bioremediation, and organic agriculture inputs. With advancements in biotechnology and scalable cultivation, microalgae are emerging as cost-effective, high-value alternatives to synthetic ingredients, making sustainability a key driver of innovation and market expansion in the global microalgae-based products industry. For instance, in November 2024, IIT Guwahati researchers developed a sustainable method for ammonium removal from wastewater using microalgae and bacteria. This energy-efficient process eliminates the need for external aeration, reducing energy consumption by 91.33%. The photo-sequencing batch reactor (PSBR) system enables microalgae to produce oxygen, which is used by nitrifying bacteria to convert ammonium into non-toxic byproducts. This breakthrough offers a cost-effective, eco-friendly wastewater treatment solution, addressing pollution from sewage, industrial waste, and agricultural runoff.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on product and application.
Product Insights:
The report has provided a detailed breakup and analysis of the market based on the product. This includes spirulina, chlorella, duninella salina, astaxanthin, beta carotene, PUFA fatty acid, lutein, and others.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes food and beverages, personal care, nutraceuticals and dietary supplements, pharmaceuticals, chemicals, fuel, animal feed, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North, South, East, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Products Covered | Spirulina, Chlorella, Duninella Salina, Astaxanthin, Beta Carotene, PUFA Fatty Acid, Lutein, Others |
Applications Covered | Food And Beverages, Personal Care, Nutraceuticals and Dietary Supplements, Pharmaceuticals, Chemicals, Fuel, Animal Feed, Others |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: