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Global Chlorella Ingredients Market is segmented by Application as Food and Beverages, Animal Feed, Dietary Supplements, and Other Applications; and by Geography
Fastest Growing Market:
Global chlorella ingredient market is forecasted to witness a CAGR of 10.25% during the forecast period (2019 - 2024).
The global chlorella ingredients market broadly covers the application areas of the same, therefore it is segmented into food and beverages, animal feed, dietary supplements, and other applications.
Increasing consumer awareness regarding proper weight management and muscular strength improvement is likely to fuel the demand for dietary supplement products, which, in turn, is expected to increase the demand for chlorella ingredients. Sun Chlorella is one of the key vendors that offer chlorella ingredients for dietary supplements. NOW Foods is one of the leading manufacturers of dietary supplements that use organic chlorella as their prime ingredient.
|Food and Beverages|
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The expanding global vegan population is one of the primary growth drivers of the chlorella ingredients market. With rising awareness about the various health benefits of vegan diets, the number of people adopting vegan lifestyles is increasing across the globe. Algae-based ingredients like chlorella are rich in protein and may offer health and wellness attributes to food products. For example, they may boost plant protein levels in cheese crackers or smoothies, or they may improve the nutritional profile of an ice cream product. Microalgae like chlorella have emerged as a promising sustainable alternative protein source.
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The chlorella ingredients are used in the cuisines of many Asian countries, making them hub for the market around the wrold. Furthermore, with increasing importance of vegetable protein, the chlorella was spotlighted and commercialized. Therefore, market in Europe and North America are expected to boom, during the forecast period. Due to the growing awareness of health benefits derived from chlorella consumption, which subsequently increases the use of chlorella in the food industry, pharmaceutical industr. Thereby, it is projected to attain a substantial share in the chlorella market globally within the forecast time period particularly in the North American and European nations.
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Unique cultivation methods and upcoming innovative applications are expected to help the chlorella market globally in the years to come. The competition in this market is expected to intensify further, in the coming years, due to increased industrialization, product extensions, technological innovations, and the high-quality of the products manufactured. The key players in the chlorella market are Far East Bio-Tec Co., Ltd, Fuqing King Dnarmsa Spirulina Co., Ltd, and Roquette Frères. As a result of the growing demand for chlorella as an ingredient in the market, new product launches, with varied grades and concentrations, is the market approach adopted by leading companies.
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 Forces 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 Application
5.1.1 Food and Beverages
5.1.2 Animal Feed
5.1.3 Dietary Supplements
5.2.1 North America
184.108.40.206 United States
220.127.116.11 Rest of North America
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
5.2.3 Asia Pacific
126.96.36.199 Rest of Asia-Pacific
5.2.4 South America
188.8.131.52 Rest of South America
5.2.5 Middle East and Africa
184.108.40.206 Saudi Arabia
220.127.116.11 South Africa
18.104.22.168 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 NP Nutra
6.4.2 Tianjin Norand Biotech Co. Ltd
6.4.3 Roquette Freres
6.4.4 Kao Cooperation
6.4.5 Fuqing King Dnarmsa Spirulina Co., Ltd.
6.4.6 Fuqing King Dnarmsa Spirulina Co., Ltd.
6.4.7 Green Source MKT
6.4.8 HERBO NUTRA
6.4.9 Bluetec Naturals Co.,Ltd
6.4.10 Taiwan Chlorella Manufacturing Company
7. MARKET OPPORTUNITIES AND FUTURE TRENDS