South American Algae Protein Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

South America Algae Protein Market is segmented by Type (Spirulina, Chlorella, and Other Types); by Application (Food & Beverages, Dietary Supplements, Pharmaceuticals, and Others); by Geography.

Market Snapshot

South America Algae Protein Market - Summary
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 4.5 %

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Market Overview

South America Algae Protein Market is anticipated to register a CAGR of 4.5%, during the forecast period (2020 - 2025).

  • The South American countries are witnessing growing urbanization and changing lifestyles due to globalization. Consumers are ready to pay for health and wellness products, which is driving the growth of proteins.
  • High nutritional value, and the increasing popularity of naturally derived food products and health supplements, due to the increasing number of health-conscious consumers, and constant growth in population, are some of the major drivers for the algae protein market.

Scope of the report

The South America Algae Protein Market is segmented by Type into Spirulina, Chlorella, and Other Types. The market is segmented by Application into Food & Beverages, Dietary Supplements, Pharmaceuticals, and Others. The market is also segmented by geography.

By Type
Spirulina
Chlorella
Other Types
By Application
Food & Beverages
Dietary Supplements
Pharmaceuticals
Other Applications
By Geography
Brazil
Argentina
Rest of South America

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Key Market Trends

Spirulina is Witnessing A Significant Growth

Spirulina is rich in chlorophyll, phycocyanin, and beta-carotene and is often used as a source of natural color. Edible color Linablue, used in ice creams and confectionaries, is mainly produced from spirulina. The growing demand for natural and clean label ingredients has recreated a demand for spirulina protein. Stringent regulations and limitations od synthetic additives have opened the gates for the demand for natural ingredients. Based on the application areas, nutraceuticals and food sectors are expected to be promising end-users of spirulina, due to the rapid development of algae-based superfoods, heightened consumer’s interest toward natural & clean-label products.

South America Algae Protein Market - 1

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Brazil Dominates The Market

Brazil Algae Protein market size was estimated to be equating to the major share of the South American algae protein market. The region is expected to witness moderate to high growth rate during the forecast period, owing to the growing usage of algal ingredients in food supplements. 

The demand for natural food products is increasing among health-conscious consumers. This has resulted in the tremendous growth of the algae protein market. The market is largely driven by increased Research & Development and innovations in the algae protein market. Consumer preference for natural ingredients and the varied applications of algae protein in the food and beverage industry are some of the reasons for the uptick in demand.

South America Algae Protein Market - 2

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Competitive Landscape

South America algae protein market is competitive in nature having a large number of small and large players competing for market share. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  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 By Type

      1. 5.1.1 Spirulina

      2. 5.1.2 Chlorella

      3. 5.1.3 Other Types

    2. 5.2 By Application

      1. 5.2.1 Food & Beverages

      2. 5.2.2 Dietary Supplements

      3. 5.2.3 Pharmaceuticals

      4. 5.2.4 Other Applications

    3. 5.3 By Geography

      1. 5.3.1 Brazil

      2. 5.3.2 Argentina

      3. 5.3.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Position Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Roquette Freres

      2. 6.3.2 EID Parry

      3. 6.3.3 Corbion N.V

      4. 6.3.4 Cyanotech Corporation

      5. 6.3.5 Taiwan Chlorella Manufacturing Company

      6. 6.3.6 DIC Corporation

      7. 6.3.7 Solabia Group

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The South American Algae Protein Market market is studied from 2016 - 2026.

The South American Algae Protein Market is growing at a CAGR of 4.5% over the next 5 years.

Roquette Frères, Corbion N.V, Cyanotech Corporation, Taiwan Chlorella Manufacturing Company are the major companies operating in South American Algae Protein Market .

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