Chlorella Ingredients Market
The market is poised to register a CAGR of 12.6% during the forecast period. The market is competitive and driven by the increase in functional food and beverages and growing consumer demand for natural ingredients.
The functional food & beverages market is one of the fastest growing market in the food sector. The market is expected to accelerate at a rate of 7.3%, during the forecast period. Chlorella is known as a super-food alternative and detoxifying agent, which identifies metal toxins and does not allow it to dissolve in the body. Therefore, owing to these advantages, the chlorella is an integral part of functional foods and beverages. The growth of functional foods and beverages are expected to drive the chlorella ingredients market for 2-3 impactful years. Further, the impact is expected to be medium, during the forecast period, due to the stability in the market.
Chlorella ingredient has a range of applications due to its health benefits. It helps in improving immune system, gut health, reduce cholesterol and also used as an antioxidant, thus predominantly used in functional foods. The adoption of chlorella in food and beverages market is a regular practice in developing countries. In addition, the growing demand for functional food and beverages has created a scope for chlorella in dietary supplements. Moreover, the natural and premium products application is driving the dietary supplements market.
The chlorella ingredients are used in the cuisines of many Asian countries, making them hub for the market. Further, with increasing importance of vegetable protein, the chlorella was spotlighted and commercialized. The market in Europe and North America are expected to boom, during the forecast period.
Some of the leading manufacturers and suppliers of the chlorella ingredients are AlgaeBio, Aurora, Cellana, FEBICO, Fuqing King Dnarmsa Spirulina Co., Ltd., Guangdong Lejin Medicine Company Ltd., Heliae, Inc., Kingherbs, Inc., PharmaFreak, Phytomer, Roquette, Solazyme, Tianjin Norland Biotech Co., Ltd. These companies are mainly focused on capacity expansion owing to increasing demand for chlorella ingredient in various industries.
Our report on global chlorella ingredients market covers the following
- Market Trends & Dynamics
- Latest News & developments
- Porter’s Five Force Analysis
- Investment Scope
- Deep-Dive Insights
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach & Methodology
2.2 Research Designs
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering & Econometric Modelling
2.4.4 Expert Validation
3. Market Overview
3.1.1 Growing Demand for Functional Foods & beverages
3.1.2 Increase in Consumption of Vegetable Protein
3.2.1 Low penetration Across the Nations
3.2.2 High Degree of Substitution
3.3.1 Growing Demand for Super Foods
3.4 Porter's Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products & Services
3.4.5 Degree of Competition
4. Market Segmentation
4.1 By End-Users
4.1.1 Food & Beverages
4.1.2 Animal Feed
4.1.3 Dietary Supplements
4.2 By Region
4.2.1 North America
18.104.22.168 United States
22.214.171.124 United Kindom
4.2.4 South America
5. Competitive Landscape
5.1 Strategy Adopted by Key players
5.2 Most Active Companies in the Past Five Years
5.3 Market Share Analysis
6. Company Profiles
6.5 Fuqing King Dnarmsa Spirulina Co., Ltd.
6.6 Guangdong Lejin Medicine Company Ltd.
6.7 Heliae, Inc.
6.8 Kingherbs, Inc.
6.13 Tianjin Norland Biotech Co., Ltd.