“The Food and Drug Administration (FDA, we, or the Agency) is amending the regulations for food additives permitted in feed and drinking water of animals to provide for the safe use of dried marine microalgae as a source of docosahexaenoic acid (DHA) for use in complete, dry foods for adult dogs. The food additive, marine microalgae, may be safely used as a source of docosahexaenoic acid (DHA) and other omega-3 fatty acids in accordance with the following prescribed conditions: Good manufacturing and feeding practices not to exceed 16.5 pounds per ton (7.5 kilograms (kg) per 1000 kg of complete, dry, adult maintenance dog food. The additive consists of not less than 17.0 percent hexaenoic acid (docosahexaenoic acid or DHA). The label and labeling of the additive, any feed premix, and complete feed, shall contain the name of the additive, marine microalgae.”

The article cited AMA's "Global Microalgae Market Study" explored substantial growth of %. According to the report, Increasing Application of Microalgae as Major Source of Food Ingredients is one of the primary growth factors for the market. Increasing Use of Microalgae as a Substitute for Biodiesel Feedstock is also expected to contribute significantly to the Microalgae market. Overall, Food and Feed applications of Microalgae, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Compounds, such as Pigments, is boosting the Microalgae market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Microalgae market identified that the demand is rising in many different parts of the world as "Increasing Demand for Microalgae for Cosmetics Production ".

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Microalgae market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Microalgae market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Have a look at detailed Table of Content for Microalgae Market Study

Data Triangulation
The overall Microalgae market size is calculated using market estimation process, the Microalgae market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Microalgae market size has been validated using both top-down and bottom-up approaches.