Market Size of Chlorella Ingredients Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 10.25 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Chlorella Ingredients Market Analysis
The global chlorella ingredient market is forecasted to witness a CAGR of 10.25% during the forecast period (2022 - 2027).
COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products.
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 to prevent cancer, minimize side effects of radiation treatment, improve reaction to the flu vaccine, stimulate the immune system, prevent colds, increase white blood cell counts, and slow the aging process.
The high cost of chlorella production is a key challenge affecting the market's growth. Consumable chlorella requires carbonated water for its growth, which increases its production cost.
