Market Size of Europe Algae Protein Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.14 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Algae Protein Market Analysis
The Europe algae protein market is anticipated to witness a CAGR of 6.14 % during the forecast period (2020 - 2025).
- The increased availability of seaweed in a wider range of foods products in the region is expected to familiarize consumers with the ingredient and portrays a bright future for the potential segment.
- In spite of the proportion of European consumers who consider themselves vegetarians or vegans still being relatively small, the preference for natural, healthy and flexible diets is becoming more mainstream which is further expected to promote the market growth in the near future.
- The consumer demand for alternative sources of protein is already rising in the region and, with algae aligning well with the growing quest for both greener and naturally functional foods, is likely to flourish in the upcoming time due to its vivid applications.
