Microalgae and cyanobacteria are photosynthetic microorganisms capable of synthesizing several biocompounds, including polysaccharides with antioxidant, antibacterial, and antiviral properties. At the same time that the accumulation of biomolecules occurs, microalgae can use wastewater and gaseous effluents for their growth, mitigating these pollutants. The increase in the production of polysaccharides by microalgae can be achieved mainly through nutritional limitations, stressful conditions, and/or adverse conditions. These compounds are of commercial interest due to their biological and rheological properties, which allow their application in various sectors, such as pharmaceuticals and foods. Thus, to increase the productivity and competitiveness of microalgal polysaccharides with commercial hydrocolloids, the cultivation parameters and extraction/purification processes have been optimized. In this context, this review addresses an overview of the production, characterization, and potential applications of polysaccharides obtained by microalgae and cyanobacteria. Moreover, the main opportunities and challenges in relation to obtaining these compounds are highlighted.

Carbohydrates or polysaccharides are the main products derived from photosynthesis and carbon fixation in the Calvin cycle. Compared to other sources, polysaccharides derived from microalgae are safe, biocompatible, biodegradable, stable, and versatile. These polymeric macromolecules present complex biochemical structures according to each microalgal species. In addition, they exhibit emulsifying properties and biological characteristics that include antioxidant, anti-inflammatory, antitumor, and antimicrobial activities. Some microalgal species have a naturally high concentration of carbohydrates. Other species can adapt their metabolism to produce more sugars from changes in temperature and light, carbon source, macro and micronutrient limitations (mainly nitrogen), and saline stress. In addition to growing in adverse conditions, microalgae can use industrial effluents as an alternative source of nutrients. Microalgal polysaccharides are predominantly composed of pentose and hexose monosaccharide subunits with many glycosidic bonds. Microalgae polysaccharides can be structural constituents of the cell wall, energy stores, or protective polysaccharides and cell interaction. The industrial use of microalgae polysaccharides is on the rise. These microorganisms present rheological and biological properties, making them a promising candidate for application in the food industry and agriculture. Thus, microalgae polysaccharides are promising sustainable alternatives for potential applications in several sectors, and the choice of producing microalgal species depends on the required functional activity. In this context, this review article aims to provide an overview of microalgae technology for polysaccharide production, emphasizing its potential in the food, animal feed, and agriculture sector.