Market Size of Asia-Pacific Algae Protein Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Algae Protein Market Analysis
Asia-Pacific algae protein ingredients market is projected to grow at a CAGR of 6.2% during the forecast period.
- The growing demand for vegan protein consumption is one of the major drivers supporting the growth of the algae protein market in the region.
- Various health benefits pertaining to the consumption of algae protein is another major driver for this market. It is a good source of vitamins, minerals, chlorophyll, carbohydrates and protein as its major. Researchers have also found that algae have anti-cancer benefits and helps reducing body fat along with providing energy.
