0
2021
Algae Protein Market

Algae Protein Market by Type (Spirulina and Chlorella) and Application (Nutraceuticals/Supplements, Food &Beverages, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2028

A12704
Pages: 185
Aug 2021 | 2826 Views
Author(s) : Himanshu Vig , Roshan Deshmukh
Tables: 86
Charts: 42
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

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.

Algae-protein-Market-2021-2028

Get more information on this report : Request Sample Pages

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.

Segment review

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.

Algae Protein Market
By Type

Your browser does not support the canvas element.

Spirulina segment would exhibit the highest CAGR of 9.2% during 2021-2028.

Get more information on this report : Request Sample Pages

Get more information on this report : Request Sample Pages

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.

Algae Protein Market
By Application

Your browser does not support the canvas element.

Nutraceuticals/Supplements segment would exhibit the highest CAGR of 9.1% during 2021-2028.

Get more information on this report : Request Sample Pages

Get more information on this report : Request Sample Pages

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.

Algae Protein Market
By Region

2028
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific region would exhibit the highest CAGR of 11.4% during 2021-2028.

Get more information on this report : Request Sample Pages

Get more information on this report : Request Sample Pages

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

  • Algae protein industry is positively impacted by the pandemic, owing to increased health consciousness among consumers.
  • First few months of the COVID-19 pandemic had disrupted supply chains for the algae protein industry.
  • Online sales channels have gained high traction in the last year as a result, players operating in the industry are strengthening their digital presence.
  • COVID-19 have altered consumer behavior with more consumer transitioning toward vegetarian and vegan diet resulting in increased adoption of alternative proteins such as algae protein.
  • COVID-19 has caused widespread disruption across regions, resulting in consumer behavioral changes. As a result, operating players in the industry are recalibrating their consumer segment, establishing product portfolio, prioritizing on omnichannel approach, repositioning their brands, and deploying new service models

Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging algae protein markettrends and opportunities.
  • The report provides detailed qualitative and quantitative analysis of the currenttrends and future estimations that help evaluate the prevailing algae protein market opportunities in the market.
  • The algae protein marketforecast is offered along with information related to key drivers, restraints, and opportunities.
  • Thealgae protein market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.

Algae Protein Market Segments

By Type

  • Spirulina
  • Chlorella

By Application

  • Nutraceuticals/Supplements
  • Food &Beverages
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 

Loading Table Of Content...


 
 

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.

Flash Sale
PURCHASE OPTIONS

Start reading instantly ,This Report and over 13000+ more Reports, Available with Avenue Library, T&C*

Call or Email us

U.S.-Canada
Toll-free :
+1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
FREQUENTLY ASKED QUESTIONS?

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.

 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

Download Free Sample

OR

Purchase Full Report of
Algae Protein Market

Start reading instantly.
This Report and over 13,000+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,713  $3,342
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $4,126  $3,713
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,770  $4,905
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,930  $5,891
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $10,665  $8,532
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers