Global Chlorella Ingredients Market  |  Growth | Trends  | Forecast
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Chlorella Ingredients Market - Growth, Trends and Forecasts (2019-2024)

Global Chlorella Ingredients Market is segmented by Application as Food and Beverages, Animal Feed, Dietary Supplements, and Other Applications; and by Geography

Home Industry Reports Food & Beverage Chlorella Ingredients Market - Growth, Trends and Forecasts (2019-2024)

Market Snapshot

CAGR
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

North America

Largest Market:

Asia

CAGR% (2019-2024):

10.25%

Key Players:

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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.

Application
Food and Beverages
Animal Feed
Dietary Supplements
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
Italy
Spain
France
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa

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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.

 

 

 

DRIVER 2

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Increasing Penetration of Chlorella in the Developed Nations

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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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.

Major Players

  1. NP Nutra
  2. Tianjin Norand Biotech Co. Ltd
  3. Roquette Frères
  4. Fuqing King Dnarmsa Spirulina Co., Ltd.
  5. Fuqing King Dnarmsa Spirulina Co., Ltd.

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Food and Beverages

      2. 5.1.2 Animal Feed

      3. 5.1.3 Dietary Supplements

      4. 5.1.4 Others

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

        4. 5.2.1.4 Rest of North America

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 Italy

        4. 5.2.2.4 Spain

        5. 5.2.2.5 France

        6. 5.2.2.6 Russia

        7. 5.2.2.7 Rest of Europe

      3. 5.2.3 Asia Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 Japan

        3. 5.2.3.3 India

        4. 5.2.3.4 Australia

        5. 5.2.3.5 Rest of Asia-Pacific

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle East and Africa

        1. 5.2.5.1 Saudi Arabia

        2. 5.2.5.2 South Africa

        3. 5.2.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 NP Nutra

      2. 6.4.2 Tianjin Norand Biotech Co. Ltd

      3. 6.4.3 Roquette Freres

      4. 6.4.4 Kao Cooperation

      5. 6.4.5 Fuqing King Dnarmsa Spirulina Co., Ltd.

      6. 6.4.6 Fuqing King Dnarmsa Spirulina Co., Ltd.

      7. 6.4.7 Green Source MKT

      8. 6.4.8 HERBO NUTRA

      9. 6.4.9 Bluetec Naturals Co.,Ltd

      10. 6.4.10 Taiwan Chlorella Manufacturing Company

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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