https://www.meticulousresearch.com/product/north-america-microalgae-market-5579

According to the latest report from Meticulous Research®, the North America microalgae market is projected to reach $871.2 million by 2033, growing at a CAGR of 8.2% from 2024 to 2030. In terms of volume, the market is anticipated to reach 51,855.3 tons by 2030, with a CAGR of 8.3% during the forecast period. The market's growth is primarily driven by the increasing demand for natural food colors, expansion in the nutraceuticals and dietary supplements sectors, rising consumer preference for microalgae-based products, and the growing focus on health and wellness. Additionally, the surge in demand for microalgae in biorefineries and the expanding use of natural astaxanthin in poultry and aquaculture feed are expected to present growth opportunities for stakeholders. However, challenges related to algae product production may hinder market expansion.