Abstract
The urgent need to mitigate climate change requires finding sustainable and efficient alternatives to fossil fuel-based materials. Biosequestration by microalgae has been suggested as a potential method for climate change mitigation due to its environmentally friendly nature and ability to produce high-value compounds. However, the large-scale application of microalgal biorefineries faces significant challenges, particularly in the harvest and processing stages, which are often costly and energy-intensive. This study aims to benchmark value-added fractions that can be produced via microalgae-based biorefineries against their commercially available counterparts. A systematic review was conducted using the Web of Science™ database to identify current commercial sources of proteins, lipids, polyunsaturated fatty acids and pigments, this study identified key sectors and applications for each fraction, as well as potential market competitors. The results highlight substantial cost differences across production systems, with traditional agricultural sources demonstrating lower CAPEX but greater environmental challenges. Meanwhile, microalgal systems, although associated with higher CAPEX, offer advantages such as reduced land and water dependency, potentially leading to long-term economic resilience and environmental sustainability. By pinpointing research trends, key sectors and optimization opportunities, this work offers valuable insights into the profitability and competitiveness of microalgal systems, providing a benchmark for future optimization efforts. The novelty of this research lies in its comprehensive comparison of microalgae-based and traditional production systems, establishing a clear benchmark for microalgal production and suggesting focus areas for enhancement.