North America Microalgae Market to Reach $871.2 Million by 2030

The North America Microalgae Market is slated to register a CAGR of 8.2% from 2023 to 2030 to reach $871.2 Million by 2030. Spirulina's blue-green color provides bright and vivid blue and green shades, making it suitable for various confectionery and chewing gum products. The approval of phycocyanin as a natural colorant by the U.S. FDA in September 2013 has further increased its demand, particularly in North America. Phycocyanin is now widely used in various food applications, including beverages, dairy, confectionery, frosting, ice cream, dry beverage mixes, yogurt, and gelatin.