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| Report Code: A12704 | Aug 2021 | Pages: 185 | ||
| Tables: 86 | Charts: 42 |
| |
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Algae Protein Market
Request Now !The algae protein market size was $361.4 million in 2020, and is projected reach $709.0 million by 2028, registering a CAGR of 8.9% from 2021 to 2028. The spirulina segment led the marketin 2020, and is expected to retain its dominance throughout the forecast period.
Algae are aquatic plants that contain chlorophyll but lack vascular tissue, roots, true stems and leaves.Itcan be found in both freshwater and saltwater. Major types of algae includes red algae, green algae, and blue green algae. Some algae such as spirulina and chlorella compose high protein content and are used as nutraceuticals as well as in functional food and feed. Algae has proven to be reliable and promising source of protein and have emerged as alternative proteins.
Developed economies such as the U.S. and Europe have seen high traction for plant-based proteins as consumers are increasingly inclining toward vegan and plant-based foods. In addition, around10% of Europe population is vegetarian and vegan and the percentage is expectedto increase steadily in the upcoming years. Consumers around the world are willing to change their eating habits and are shifting toward plant-based foods. According to Google trends,interest in ‘veganism’ haswitnessed 7X between 2014 and 2019. On the similar lines,around10 million U.S. population isvegan. Ethical and environmental concerns are the key drivers for consumers to stop consumption ofmeat. Increase invegan population is expected to increase demand for alternative proteins including algae, which propels the algae protein market growth.
Cultivation of algae severely depends upon climatic conditions and air moisture content. Warm climate affects cultivation of blue green algae, as it causes evaporation of water and prevents formation of thicker algae. Whereas, moisture content is responsible for providing algae with minerals and nutrients. Climate change causes draught and change in salinity of freshwater, which results in death of algae, which hampers their production capacity. Change in rainfall pattern caused due to climate change leads to intense storms, which leads to loss of essential nutrients from cultivation ponds and hampers production of algae. Coastal upwelling pushes deep sea water from sea to surface, bringing nutrients from ocean bed to earth surface. This coastal upwelling hampers production of algae species harvested from seabed. Hence, various climate changes affect cultivation of algae, which eventually affects its market growth negatively.
The global algae protein market is segmented on the basis of type, application, and region. By type, the market is bifurcated into spirulina and chlorella. By application,it is segmented into nutraceuticals/supplements, food &beverages,andothers. Region wise, algae protein market is studied across North America, Europe, Asia Pacific, and LAMEA.
On the basis of type, the global algae market is segmented to spirulina and chlorella. Spirulina dominates the global algae protein market share. Spirulina have higher protein content than Chlorella and associated with myriad of health benefits, including but not limited to improvement in blood sugar management and lower risk factors for heart disease.
By application, thenutraceuticals/supplements segment leads in terms of market share, and is expected to retain its dominance throughout the forecast period. High protein density of spirulina and chlorella have resulted in increased adoption ofdietary supplements.Growth in population coupled with increase in nourishment demand for essential supplement including proteins to boost the demand for algae protein in nutraceutical and supplement segment. Furthermore, increased demand of alternative proteins from vegan population will further propel algae protein market demand and expansion.
Based on region the global algae protein market is studied across, North America, Europe, Asia-Pacific and LAMEA. High product awareness and increasing vegan population in North America and Europe have resulted in increased demand for alternative protein including algae protein. Nevertheless, the Asia-pacific region is likely to gain market share in upcoming years with demand arising from China, Japan and India.
The report focuses on growth prospects, restraints, and opportunities of the global algae proteinmarket. The study provides Porter’s five forces analysis to understand impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, threat of substitutes, threat of new entrants, and bargaining power of buyers of the algae protein market.
Some of the major players profiled for in the algae protein market analysis includes Cyanotech Corporation, C.B.N. Bio-engineering Co., Ltd, Far East Microalgae Industries, Co., Ltd. , Fuqing King Dnarmsa Spirulina Co., ltd., Gong Bih Enterprise Co., Ltd., Algenol biotech, Sun Chlorella Corporation, NB Laboratories, Taiwan Chlorella Manufacturing Company Ltd, and Tianjin Norland Biotech Co., Ltd
COVID-19 Impact Analysis
Key Benefits For Stakeholders
Algae Protein Market Segments
By Type
By Application
By Region
Algae Protein Market Report Highlights
| Aspects | Details |
|---|---|
| By TYPE |
|
| By APPLICATION |
|
| By Region |
|
| Key Market Players | FUQING KING DNARMSA SPIRULINA CO.,LTD., TAIWAN CHLORELLA MANUFACTURING COMPANY LTD, FAR EAST MICROALGAE INDUSTRIES, CO., LTD., TIANJIN NORLAND BIOTECH CO. LTD, C.B.N.BIOENGINEERING CO. LTD., GONG BIH ENTERPRISE CO.LTD., ALGENOL BIOTECH, NB LABORATORIES PVT LTD, SUN CHLORELLA CORPORATION, CYANOTECH CORPORATION |
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings
2.1.1.Top impacting factors
2.1.2.Top investment pockets
2.2.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Porter's five forces analysis
3.2.1.Bargaining power of suppliers
3.2.2.Bargaining power of buyers
3.2.3.Threat of substitution
3.2.4.Threat of new entrants
3.2.5.Intensity of competitive rivalry
3.3.Parent market overview
3.4.Market dynamics
3.4.1.Drivers
3.4.1.1.Multiple benefits of algae protein to amplify market growth
3.4.1.2.Increase in vegan population to strengthen product adoption
3.4.1.3.High protein concentration as compared to counter parts
3.4.2.Restraints
3.4.2.1.Impact on spirulina production due to climate change
3.4.2.2.Presence of large number of alternatives for proteins, along with low product awareness hampers market expansion
3.4.3.Opportunities
3.4.3.1.Novel innovation in technology to provide lucrative opportunities for market expansion
3.4.3.2.Algae protein fortified food to gain significant traction in upcoming years
3.5.Impact of Covid-19
3.5.1.Introduction
3.5.2.Impact on the food and beverage
3.5.3.Impact on algae protein market
CHAPTER 4:ALGAE PROTEIN MARKET, BY TYPE
4.1.Overview
4.1.1.Market size and forecast, by Type
4.2.Spirulina
4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country
4.3.Chlorella
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country
CHAPTER 5:ALGAE PROTEIN MARKET, BY APPLICATION
5.1.Overview
5.1.1.Market size and forecast, by application
5.2.Nutraceuticals/Supplements
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country
5.3.Food and Beverage
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country
5.4.Others
5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country
CHAPTER 6:ALGAE PROTEIN MARKET, BY REGION
6.1.Overview
6.1.1.Market size and forecast, by region
6.2.North America
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by type
6.2.3.Market size and forecast, by application
6.2.4.Market analysis, by country
6.2.4.1.U.S.
6.2.4.1.1.Market size and forecast, by Type
6.2.4.1.2.Market size and forecast, by application
6.2.4.2.Canada
6.2.4.2.1.Market size and forecast, by Type
6.2.4.2.2.Market size and forecast, by application
6.2.4.3.Mexico
6.2.4.3.1.Market size and forecast, by Type
6.2.4.3.2.Market size and forecast, by application
6.3.Europe
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by Type
6.3.3.Market size and forecast, by application
6.3.4.Market analysis, by country
6.3.4.1.UK
6.3.4.1.1.Market size and forecast, by Type
6.3.4.1.2.Market size and forecast, by application
6.3.4.2.Germany
6.3.4.2.1.Market size and forecast, by Type
6.3.4.2.2.Market size and forecast, by application
6.3.4.3.France
6.3.4.3.1.Market size and forecast, by Type
6.3.4.3.2.Market size and forecast, by application
6.3.4.4.Italy
6.3.4.4.1.Market size and forecast, by Type
6.3.4.4.2.Market size and forecast, by application
6.3.4.5.Spain
6.3.4.5.1.Market size and forecast, by Type
6.3.4.5.2.Market size and forecast, by application
6.3.4.6.Rest of Europe
6.3.4.6.1.Market size and forecast, by Type
6.3.4.6.2.Market size and forecast, by application
6.4.Asia-Pacific
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by Type
6.4.3.Market size and forecast, by application
6.4.4.Market analysis, by country
6.4.4.1.China
6.4.4.1.1.Market size and forecast, by Type
6.4.4.1.2.Market size and forecast, by application
6.4.4.2.Japan
6.4.4.2.1.Market size and forecast, by Type
6.4.4.2.2.Market size and forecast, by application
6.4.4.3.India
6.4.4.3.1.Market size and forecast, by Type
6.4.4.3.2.Market size and forecast, by application
6.4.4.4.ASEAN
6.4.4.4.1.Market size and forecast, by Type
6.4.4.4.2.Market size and forecast, by application
6.4.4.5.AUSTRALIA
6.4.4.5.1.Market size and forecast, by Type
6.4.4.5.2.Market size and forecast, by application
6.4.4.6.Rest of Asia-Pacific
6.4.4.6.1.Market size and forecast, by Type
6.4.4.6.2.Market size and forecast, by application
6.5.LAMEA
6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by Type
6.5.3.Market size and forecast, by application
6.5.4.Market analysis, by country
6.5.4.1.Latin America
6.5.4.1.1.Market size and forecast, by Type
6.5.4.1.2.Market size and forecast, by application
6.5.4.2.Middle East
6.5.4.2.1.Market size and forecast, by Type
6.5.4.2.2.Market size and forecast, by application
6.5.4.3.Africa
6.5.4.3.1.Market size and forecast, by Type
6.5.4.3.2.Market size and forecast, by application
CHAPTER 7:COMPETITION LANDSCAPE
7.1.Competitive dashboard
7.2.Product mapping
7.3.Competitive heat map
CHAPTER 8:COMPANY PROFILES
8.1.CYANOTECH CORPORATION
8.1.1.Company overview
8.1.2.Key Executives
8.1.3.Company snapshot
8.1.4.Operating business segments
8.1.5.Product portfolio
8.1.6.R&D Expenditure
8.1.7.Business performance
8.1.8.Key strategic moves and developments
8.2.C.B.N.BIOENGINEERING CO.， LTD.
8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Product portfolio
8.3.FAR EAST MICROALGAE INDUSTRIES, CO., LTD.
8.3.1.Company overview
8.3.2.Key Executives
8.3.3.Company snapshot
8.3.4.Product portfolio
8.4.FUQING KING DNARMSA SPIRULINA CO., LTD.
8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Product portfolio
8.5.GONG BIH ENTERPRISE CO., LTD.
8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Product portfolio
8.6.ALGENOL BIOTECH
8.6.1.Company overview
8.6.2.Key Executives
8.6.3.Company snapshot
8.6.4.Product portfolio
8.7.SUN CHLORELLA CORPORATION
8.7.1.Company overview
8.7.2.Key Executives
8.7.3.Company snapshot
8.7.4.Product portfolio
8.8.NB LABORATORIES PVT LTD
8.8.1.Company overview
8.8.2.Key Executives
8.8.3.Company snapshot
8.8.4.Product portfolio
8.9.TAIWAN CHLORELLA MANUFACTURING COMPANY LTD
8.9.1.Company overview
8.9.2.Key Executives
8.9.3.Company snapshot
8.9.4.Product portfolio
8.10.TIANJIN NORLAND BIOTECH CO., LTD
8.10.1.Company overview
8.10.2.Key Executives
8.10.3.Company snapshot
8.10.4.Product portfolio
LIST OF TABLES
TABLE 01.GLOBAL ALGAE PROTEIN MARKET, BY TYPE, 2020–2028 ($ THOUSAND)
TABLE 02.SPIRULINA ALGAE PROTEIN MARKET, BY REGION, 2020–2028 ($ THOUSAND)
TABLE 03.CHLORELLA ALGAE PROTEIN MARKET, BY REGION, 2020–2028 ($ THOUSAND)
TABLE 04.ALGAE PROTEIN MARKET VALUE, BY APPLICATION, 2020–2028 ($ THOUSAND)
TABLE 05.APPLICATION OF ALGAE PROTEIN MARKET FOR NUTRACEUTICALS/SUPPLEMENTS, BY REGION, 2020–2028 ($ THOUSAND)
TABLE 06.GLOBAL APPLICATION OF ALGAE PROTEIN FOR FOOD AND BEVERAGE, BY REGION, 2020–2028 ($ THOUSAND)
TABLE 07.OTHER APPLICATION OF ALGAE PROTEIN, BY REGION, 2020–2028 ($ THOUSAND)
TABLE 08.GLOBAL ALGAE PROTEIN MARKET, BY REGION, 2020–2028 ($ THOUSAND)
TABLE 09.NORTH AMERICA ALGAE PROTEIN MARKET VALUE, BY TYPE 2020–2028 ($ THOUSAND)
TABLE 10.NORTH AMERICA ALGAE PROTEIN MARKET VALUE, BY APPLICATION, 2020–2028 ($ THOUSAND)
TABLE 11.NORTH AMERICA ALGAE PROTEIN MARKET VALUE, BY COUNTRY, 2020–2028 ($ THOUSAND)
TABLE 12.U.S. ALGAE PROTEIN MARKET VALUE, BY TYPE, 2020–2028 ($ THOUSAND)
TABLE 13.U.S. ALGAE PROTEIN MARKET VALUE, BY APPLICATION, 2020–2028 ($ THOUSAND)
TABLE 14.CANADA ALGAE PROTEIN MARKET VALUE, BY TYPE, 2020–2028 ($ THOUSAND)
TABLE 15.CANADA ALGAE PROTEIN MARKET VALUE, BY APPLICATION, 2020–2028 ($ THOUSAND)
TABLE 16.MEXICO ALGAE PROTEIN MARKET VALUE, BY TYPE, 2020–2028 ($ THOUSAND)
TABLE 17.MEXICO ALGAE PROTEIN MARKET VALUE, BY APPLICATION, 2020–2028 ($ THOUSAND)
TABLE 18.EUROPE ALGAE PROTEIN MARKET VALUE, BY TYPE 2020–2028 ($ THOUSAND)
TABLE 19.EUROPE ALGAE PROTEIN MARKET VALUE, BY APPLICATION, 2020–2028 ($ THOUSAND)
TABLE 20.EUROPE ALGAE PROTEIN MARKET VALUE, BY COUNTRY, 2020–2028 ($ THOUSAND)
TABLE 21.UK ALGAE PROTEIN MARKET VALUE, BY TYPE, 2020–2028 ($ THOUSAND)
TABLE 22.UK ALGAE PROTEIN MARKET VALUE, BY APPLICATION, 2020–2028 ($ THOUSAND)
TABLE 23.GERMANY ALGAE PROTEIN MARKET VALUE, BY TYPE, 2020–2028 ($ THOUSAND)
TABLE 24.GERMANY ALGAE PROTEIN MARKET VALUE, BY APPLICATION, 2020–2028 ($ THOUSAND)
TABLE 25.FRANCE ALGAE PROTEIN MARKET VALUE, BY TYPE, 2020–2028 ($ THOUSAND)
TABLE 26.FRANCE ALGAE PROTEIN MARKET VALUE, BY APPLICATION, 2020–2028 ($ THOUSAND)
TABLE 27.ITALY ALGAE PROTEIN MARKET VALUE, BY TYPE, 2020–2028 ($ THOUSAND)
TABLE 28.ITALY ALGAE PROTEIN MARKET VALUE, BY APPLICATION, 2020–2028 ($ THOUSAND)
TABLE 29.SPAIN ALGAE PROTEIN MARKET VALUE, BY TYPE, 2020–2028 ($ THOUSAND)
TABLE 30.SPAIN ALGAE PROTEIN MARKET VALUE, BY APPLICATION, 2020–2028 ($ THOUSAND)
TABLE 31.REST OF EUROPE ALGAE PROTEIN MARKET VALUE, BY TYPE, 2020–2028 ($ THOUSAND)
TABLE 32.REST OF EUROPE ALGAE PROTEIN MARKET VALUE, BY APPLICATION, 2020–2028 ($ THOUSAND)
TABLE 33.ASIA-PACIFIC ALGAE PROTEIN MARKET VALUE, BY TYPE 2020–2028 ($ THOUSAND)
TABLE 34.ASIA-PACIFIC ALGAE PROTEIN MARKET VALUE, BY APPLICATION, 2020–2028 ($ THOUSAND)
TABLE 35.ASIA-PACIFIC ALGAE PROTEIN MARKET VALUE, BY COUNTRY, 2020–2028 ($ THOUSAND)
TABLE 36.CHINA ALGAE PROTEIN MARKET VALUE, BY TYPE, 2020–2028 ($ THOUSAND)
TABLE 37.CHINA ALGAE PROTEIN MARKET VALUE, BY APPLICATION, 2020–2028 ($ THOUSAND)
TABLE 38.JAPAN ALGAE PROTEIN MARKET VALUE, BY TYPE, 2020–2028 ($ THOUSAND)
TABLE 39.JAPAN ALGAE PROTEIN MARKET VALUE, BY APPLICATION, 2020–2028 ($ THOUSAND)
TABLE 40.INDIA ALGAE PROTEIN MARKET VALUE, BY TYPE, 2020–2028 ($ THOUSAND)
TABLE 41.INDIA ALGAE PROTEIN MARKET VALUE, BY APPLICATION, 2020–2028 ($ THOUSAND)
TABLE 42.ASEAN ALGAE PROTEIN MARKET VALUE, BY TYPE, 2020–2028 ($ THOUSAND)
TABLE 43.ASEAN ALGAE PROTEIN MARKET VALUE, BY APPLICATION, 2020–2028 ($ THOUSAND)
TABLE 44.AUSTRALIA ALGAE PROTEIN MARKET VALUE, BY TYPE, 2020–2028 ($ THOUSAND)
TABLE 45.AUSTRALIA ALGAE PROTEIN MARKET VALUE, BY APPLICATION, 2020–2028 ($ THOUSAND)
TABLE 46.REST OF ASIA-PACIFIC ALGAE PROTEIN MARKET VALUE, BY TYPE, 2020–2028 ($ THOUSAND)
TABLE 47.REST OF ASIA-PACIFIC ALGAE PROTEIN MARKET VALUE, BY APPLICATION, 2020–2028 ($ THOUSAND)
TABLE 48.LAMEA ALGAE PROTEIN MARKET VALUE, BY TYPE 2020–2028 ($ THOUSAND)
TABLE 49.LAMEA ALGAE PROTEIN MARKET VALUE, BY APPLICATION, 2020–2028 ($ THOUSAND)
TABLE 50.LAMEA ALGAE PROTEIN MARKET VALUE, BY COUNTRY, 2020–2028 ($ THOUSAND)
TABLE 51.LATIN AMERICA ALGAE PROTEIN MARKET VALUE, BY TYPE, 2020–2028 ($ THOUSAND)
TABLE 52.LATIN AMERICA ALGAE PROTEIN MARKET VALUE, BY APPLICATION, 2020–2028 ($ THOUSAND)
TABLE 53.MIDDLE EAST ALGAE PROTEIN MARKET VALUE, BY TYPE, 2020–2028 ($ THOUSAND)
TABLE 54.MIDDLE EAST ALGAE PROTEIN MARKET VALUE, BY APPLICATION, 2020–2028 ($ THOUSAND)
TABLE 55.AFRICA ALGAE PROTEIN MARKET VALUE, BY TYPE, 2020–2028 ($ THOUSAND)
TABLE 56.AFRICA ALGAE PROTEIN MARKET VALUE, BY APPLICATION, 2020–2028 ($ THOUSAND)
TABLE 57.CYANOTECH CORPORATION : KEY EXECUTIVES
TABLE 58.CYANOTECH CORPORATION : COMPANY SNAPSHOT
TABLE 59.CYANOTECH CORPORATION : OPERATING SEGMENTS
TABLE 60.CYANOTECH CORPORATION : PRODUCT PORTFOLIO
TABLE 61.CYANOTECH CORPORATION : R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 62.CYANOTECH CORPORATION : NET SALES, 2018–2020 ($MILLION)
TABLE 63.C.B.N.BIOENGINEERING CO.， LTD.: COMPANY SNAPSHOT
TABLE 64.C.B.N.BIOENGINEERING CO.， LTD.: PRODUCT PORTFOLIO
TABLE 65.FAR EAST MICROALGAE INDUSTRIES, CO., LTD.: KEY EXECUTIVES
TABLE 66.FAR EAST MICROALGAE INDUSTRIES, CO., LTD.: COMPANY SNAPSHOT
TABLE 67.FAR EAST MICROALGAE INDUSTRIES, CO., LTD.: PRODUCT PORTFOLIO
TABLE 68.FUQING KING DNARMSA SPIRULINA CO., LTD.: COMPANY SNAPSHOT
TABLE 69.FUQING KING DNARMSA SPIRULINA CO., LTD.: PRODUCT PORTFOLIO
TABLE 70.GONG BIH ENTERPRISE CO.,LTD.: COMPANY SNAPSHOT
TABLE 71.GONG BIH ENTERPRISE CO.,LTD.: PRODUCT PORTFOLIO
TABLE 72.ALGENOL BIOTECH : KEY EXECUTIVES
TABLE 73.ALGENOL BIOTECH : COMPANY SNAPSHOT
TABLE 74.ALGENOL BIOTECH : PRODUCT PORTFOLIO
TABLE 75.SUN CHLORELLA CORPORATION: KEY EXECUTIVES
TABLE 76.SUN CHLORELLA CORPORATION: COMPANY SNAPSHOT
TABLE 77.SUN CHLORELLA CORPORATION: PRODUCT PORTFOLIO
TABLE 78.NB LABORATORIES PVT LTD: KEY EXECUTIVES
TABLE 79.NB LABORATORIES PVT LTD: COMPANY SNAPSHOT
TABLE 80.LIXIL GROUP CORPORATION: PRODUCT PORTFOLIO
TABLE 81.TAIWAN CHLORELLA MANUFACTURING COMPANY LTD: KEY EXECUTIVES
TABLE 82.TAIWAN CHLORELLA MANUFACTURING COMPANY LTD: COMPANY SNAPSHOT
TABLE 83.LIXIL GROUP CORPORATION: PRODUCT PORTFOLIO
TABLE 84.TIANJIN NORLAND BIOTECH CO., LTD: KEY EXECUTIVES
TABLE 85.TIANJIN NORLAND BIOTECH CO., LTD: COMPANY SNAPSHOT
TABLE 86.LIXIL GROUP CORPORATION: PRODUCT PORTFOLIO
LIST OF FIGURES
FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.TOP IMPACTING FACTORS
FIGURE 04.TOP INVESTMENT POCKETS
FIGURE 05.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 06.MODERATE BARGAINING POWER OF BUYERS
FIGURE 07.MODERATE THREAT OF SUBSTITUTION
FIGURE 08.MODERATE THREAT OF NEW ENTRANTS
FIGURE 09.HIGH INTENSITY OF COMPETITIVE RIVALRY
FIGURE 10.ALGAE PROTEIN MARKET, BY TYPE, 2020 (%)
FIGURE 11.COMPARATIVE VALUE SHARE ANALYSIS OF SPIRULINA ALGAE PROTEIN MARKET, BY COUNTRY, 2020 & 2028 (%)
FIGURE 12.COMPARATIVE VALUE SHARE ANALYSIS OF CHLORELLA ALGAE PROTEIN MARKET, BY COUNTRY, 2020 & 2028 (%)
FIGURE 13.ALGAE PROTEIN MARKET, BY APPLICATION, 2020 (%)
FIGURE 14.COMPARATIVE VALUE SHARE ANALYSIS OF ALGAE PROTEIN APPLICATION FOR NUTRACEUTICALS/SUPPLEMENTS, BY COUNTRY, 2020 & 2028 (%)
FIGURE 15.COMPARATIVE VALUE SHARE ANALYSIS OF APPLICATION OF ALGAE PROTEIN FOR FOOD AND BEVERAGE, BY COUNTRY, 2020 & 2028 (%)
FIGURE 16.COMPARATIVE VALUE SHARE ANALYSIS OF OTHER APPLICATION OF ALGAE PROTEIN, BY COUNTRY, 2020 & 2028 (%)
FIGURE 17.ALGAE PROTEIN MARKET, BY REGION 2020 (%)
FIGURE 18.U.S. ALGAE PROTEIN MARKET VALUE, 2020-2028 ($ THOUSAND)
FIGURE 19.CANADA ALGAE PROTEIN MARKET VALUE, 2020-2028 ($ THOUSAND)
FIGURE 20.MEXICO ALGAE PROTEIN MARKET VALUE, 2020-2028 ($ THOUSAND)
FIGURE 21.UK ALGAE PROTEIN MARKET VALUE, 2020-2028 ($ THOUSAND)
FIGURE 22.GERMANY ALGAE PROTEIN MARKET VALUE, 2020-2028 ($ THOUSAND)
FIGURE 23.FRANCE ALGAE PROTEIN MARKET VALUE, 2020-2028 ($ THOUSAND)
FIGURE 24.ITALY ALGAE PROTEIN MARKET VALUE, 2020-2028 ($ THOUSAND)
FIGURE 25.SPAIN ALGAE PROTEIN MARKET VALUE, 2020-2028 ($ THOUSAND)
FIGURE 26.REST OF EUROPE ALGAE PROTEIN MARKET VALUE, 2020-2028 ($ THOUSAND)
FIGURE 27.CHINA ALGAE PROTEIN MARKET VALUE, 2020-2028 ($ THOUSAND)
FIGURE 28.JAPAN ALGAE PROTEIN MARKET VALUE, 2020-2028 ($ THOUSAND)
FIGURE 29.INDIA ALGAE PROTEIN MARKET VALUE, 2020-2028 ($ THOUSAND)
FIGURE 30.ASEAN ALGAE PROTEIN MARKET VALUE, 2020-2028 ($ THOUSAND)
FIGURE 31.AUSTRALIA ALGAE PROTEIN MARKET VALUE, 2020-2028 ($ THOUSAND)
FIGURE 32.REST OF ASIA-PACIFIC ALGAE PROTEIN MARKET VALUE, 2020-2028 ($ THOUSAND)
FIGURE 33.LATIN AMERICA ALGAE PROTEIN MARKET VALUE, 2020-2028 ($ THOUSAND)
FIGURE 34.MIDDLE EAST ALGAE PROTEIN MARKET VALUE, 2020-2028 ($ THOUSAND)
FIGURE 35.AFRICA ALGAE PROTEIN MARKET VALUE, 2020-2028 ($ THOUSAND)
FIGURE 36.COMPETITIVE DASHBOARD OF TOP 10 KEY PLAYERS
FIGURE 37.PRODUCT MAPPING OF TOP 10 KEY PLAYERS
FIGURE 38.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
FIGURE 39.CYANOTECH CORPORATION : R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 40.CYANOTECH CORPORATION : NET SALES, 2018–2020 ($MILLION)
FIGURE 41.CYANOTECH CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 42.CYANOTECH CORPORATION: REVENUE SHARE BY REGION, 2020 (%)
Development of Spirulina algae to substitute plant and animal protein source have gained significant traction in last five years. When Spirulina is consumed it provides 60–65% of protein as compared to plant and beef source, which provides 10–15% of protein. In addition, algae also delivers good quantity of vitamin B-12, vitamin A, B complex, iron, calcium, and trace of other minerals. Multiple benefits of Spirulina along with high protein content have spur the global demand for the algae products including Spirulina and Chlorella.
Cosmetics and food & beverages industries are expected to provide lucrative opportunities for engaged stakeholders. Increase in demand for natural ingredients in personal care products due to benefits offered and no side effects have resulted in increased adoption of natural products such as Spirulina and Chlorella for the cosmetics industry. Furthermore, Spirulina chocolates, beverages, and juices are expected to shape future of functional foods in the coming years. Advantages and high nutrients density of algae protein end use applications are expected to further diversify with increased adoption in animal feed, functional food, nutraceuticals, and personal care products.
A. The algae protein market size was valued at $361.4 million in 2020.
A. The algae protein market is poised to grow with CAGR of 8.9%.
A. Kindly raise an inquiry through the chat box and our business executive will get in touch with you with the details on the purchase options.
A. Some of the major players operating in the algae protein market analysis includes Cyanotech Corporation, C.B.N. Bio-engineering Co., Ltd, Far East Microalgae Industries, Co., Ltd. , Fuqing King Dnarmsa Spirulina Co., ltd., Gong Bih Enterprise Co., Ltd., Algenol biotech, Sun Chlorella Corporation, NB Laboratories, Taiwan Chlorella Manufacturing Company Ltd, and Tianjin Norland Biotech Co., Ltd.
A. 2020 is the base year calculated in the algae protein market report.
A. The global algae protein market is segmented on the basis of type, application, and region.
A. Asia pacific region would provide the lucrative opportunities in the global market.
A. North America region holds the maximum market share.
A. Algae protein is projected to reach $709.0 million by 2028.
A. Algae protein industry is positively impacted by the pandemic, owing to increased health consciousness among consumers.
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