5th Floor, Brigade Towers,
Financial District, Gachibowli,
Hyderabad - 500032,
India
Chlorella Ingredients Market - Growth, Trends and Forecasts (2020 - 2025)
Global Chlorella Ingredients Market is segmented by Application as Food and Beverages, Animal Feed, Dietary Supplements, and Other Applications; and by Geography
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016-2024
Base Year:
2019
Fastest Growing Market:
North America
Largest Market:
Asia
CAGR:
10.25 %
Major Players:
80% of our clients seek made-to-order reports. How do you want us to tailor yours?
Market Overview
Global chlorella ingredient market is forecasted to witness a CAGR of 10.25% during the forecast period (2019 - 2024).
- The growing demand for vegan protein consumption is one of the major drivers supporting the growth of the global chlorella ingredients market.
- Various health benefits of consuming chlorella are another major driver for this market. It is a good source of fiber, fats, chlorophyll, protein, carbohydrates, vitamins, and minerals. As a medicine, chlorella is used in the prevention of cancer, minimizing side effects of radiation treatment, improving reaction to the flu vaccine, stimulating the immune system, preventing cold, increasing white blood cell counts, and slowing the aging process.
- Moreover, it is a nutrient-dense superfood that contains 60% protein, 18 amino acids (including all the essential amino acids), and various vitamins and minerals. One of its unique properties is a phytonutrient called CGF.
- The high production cost involved in chlorella production is a key challenge affecting the growth of the market. Consumable chlorella requires carbonated water for its growth, which increases its production cost.
Scope of the Report
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.
| By Application | |
| Food and Beverages | |
| Animal Feed | |
| Dietary Supplements | |
| Others |
| Geography | |||||||||
| |||||||||
| |||||||||
| |||||||||
| |||||||||
|
Report scope can be customized per your requirements. Click here.
Key Market Trends
Growing Demand for Vegan Protein
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.
To understand key trends, Download Sample Report
Increasing Penetration of Chlorella in the Developed Economies
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.
To understand geography trends, Download Sample Report.
Competitive Landscape
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.
Table Of Contents
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 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
5.1.4 Others
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.1.4 Rest of North America
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 United Kingdom
5.2.2.3 Italy
5.2.2.4 Spain
5.2.2.5 France
5.2.2.6 Russia
5.2.2.7 Rest of Europe
5.2.3 Asia Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 Australia
5.2.3.5 Rest of Asia-Pacific
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Rest of South America
5.2.5 Middle East and Africa
5.2.5.1 Saudi Arabia
5.2.5.2 South Africa
5.2.5.3 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
LINKS
JOIN US
We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination.
Interested? Please email us
[email protected]© 2020. All Rights Reserved to Mordor Intelligence.