5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
The algae protein market is segmented by Type (Spirulina, Chlorella, and Other Types), Application (Food and Beverages, Dietary Supplements, Pharmaceuticals, and Other Applications), and Geography.
Study Period:
2016-2025
Base Year:
2019
Fastest Growing Market:
Asia Pacific
Largest Market:
North America
CAGR:
6.71 %
The algae protein market is projected to register at a CAGR of 6.71% during the forecast period (2020 - 2025).
The algae protein market is segmented by type, application, and geography. Based on type, the market is segmented into spirulina, chlorella, other types. Based on the application, the market is segmented into food and beverages, dietary supplements, pharmaceuticals, and others. Based on geography, the study provides an analysis of the algae protein market in the emerging and established markets globally, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
By Type | |
Spirulina | |
Chlorella | |
Other Types |
By Application | |
Food & Beverages | |
Dietary Supplements | |
Pharmaceuticals | |
Other Applications |
By Geography | |||||||||
| |||||||||
| |||||||||
| |||||||||
| |||||||||
|
Report scope can be customized per your requirements. Click here.
Health drinks with algae protein, including chlorella ingredients that provide health benefits, as well as a refreshing taste, are becoming increasingly popular, globally. The segment is primarily fueled by the emerging food fortification technologies and the discoveries of nutrient benefits, in order to meet the demand. The growth in the demand for functional food is expected to outpace the growth in the demand for conventional food, globally. Consumers are developing a preference for functional beverages, due to their ready-to-drink versions that offer enhanced convenience.
To understand key trends, Download Sample Report
North America dominated the global algae protein market in 2018. Dietary supplements and food products are the major application segments in the North American market, attributable to the rising fitness awareness among consumers in the United States, Canada, and Mexico. In Europe, aquafeed demand has witnessed a significant increase in demand over the past few years, owing to the expansion of marine aquaculture in countries such as Norway, Denmark, and Ireland. The growing aquaculture industry in Europe is expected to boost the demand for the product over the forecast period. The market in the Asia Pacific is expected to grow significantly owing to the growing exports and domestic demand for plant-based ingredients. China is one of the largest producers of plant-based ingredients in the region due to the easy availability of raw materials in the country. In addition, the growth in the pharmaceutical, cosmetics, animal feed, and food and beverage industries is expected to propel the demand for plant proteins from the developing economies, such as China, India, Indonesia, Malaysia, and South Korea over the next few years.
To understand geography trends, Download Sample Report.
The global algae protein market is competitive in nature having a large number of domestic and multinational players competing for market share. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Some of the major key players in the algae protein market, globally include Corbion Biotech Inc., NP Nutra, Duplaco, Roquette Klötze GmbH & Co. KG, and Parry Nutraceuticals, among others.
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Spirulina
5.1.2 Chlorella
5.1.3 Other Types
5.2 By Application
5.2.1 Food & Beverages
5.2.2 Dietary Supplements
5.2.3 Pharmaceuticals
5.2.4 Other Applications
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Russia
5.3.2.5 Italy
5.3.2.6 Spain
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East & Africa
5.3.5.1 South Africa
5.3.5.2 Saudi Arabia
5.3.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Position Analysis
6.4 Company Profiles
6.4.1 Corbion Biotech Inc.
6.4.2 NP Nutra
6.4.3 Duplaco
6.4.4 Roquette Klotze GmbH & Co. KG
6.4.5 Parry Nutraceuticals
6.4.6 Seagrass Tech Private Limited
6.4.7 Phycom BV
7. MARKET OPPORTUNITIES AND FUTURE TRENDS