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Algae Protein Market Size, Share Global Analysis Report, 2020–2026
Algae Protein Market By Product (Spirulina, Chlorella, Seaweeds, and Others), By Source (Freshwater and Marine) and Source (Dietary Supplements, Food Products, Animal Feed, Pharmaceuticals, Cosmetics & Personal Care, and Others), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Algae Protein industry. The report analyzes and declares the historical and current trends analysis of the Algae Protein industry and subsequently recommends the projected trends anticipated to be observed in the global Algae Protein market during the upcoming years.
The global Algae Protein market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Algae Protein market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Algae Protein industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Algae Protein industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the global Algae Protein market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Algae Protein industry. The global Algae Protein market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Algae Protein sector. Key strategic developments in the global Algae Protein market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the global Algae Protein market are appropriately highlighted in the report.
Algae is presently used as a functional food ingredient. It contains almost 40-60% of protein. The algae protein is obtained from different algae. These proteins are alternatives for the usual plant protein and thus could be used widely in the food, medication, dietary supplements, and others. The presence of amino acids, omega-3, omega-6, and others add nutritional value to the food products which, in turn, will boost the immune system and provide more nutrients to the human body. Algae proteins help tackle obesity, lower anxiety & fatigue, heart diseases, stress, diabetes, and other health-related diseases.
Growing demand for plant-based protein coupled with the changing eating habits among the consumers is estimated to augment the global Algae Protein market growth. The shifting of consumers toward vegan diet helps fuel the market further. Additionally, the high presence of nutrition, positive impact on the immune system, and other health profits drives the Algae Protein market value. Moreover, the rising per capita income, surging consumer spending power, hectic lifestyle, and inclination toward fitness will provide new opportunities for the global Algae Protein market growth. Increasing sustainability concerns such as rise in greenhouse gases and loss of biodiversity while producing meat is predicted to propel the market. However, the allergic reactions and production cost of algae is likely to restrain the global Algae Protein market growth.
The global Algae Protein market research report delivers an acute valuation and taxonomy of the Algae Protein industry by practically splitting the market on the basis of different product, source, application, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 692.25 Million |
Projected Market Size in 2026 |
USD 1,075.74 Million |
CAGR Growth Rate |
6.5% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Far East Bio-Tec Co., Ltd., NOW Foods, Vimergy LLC, Cyanotech Corporation, Prairie Naturals, ENERGYbits Inc., Earthrise Nutritional, Rainbow Light, E.I.D. Parry Limited, and Corbion, and Others |
Key Segment |
By Product, Source, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The regional segmentation of the Algae Protein industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Algae Protein industry is provided for the leading economies of the world.
The global Algae Protein market is segmented based on Product, Source, and Application. On the basis of product segmentation, the market is classified into Spirulina, Chlorella, Seaweeds, and Others. By source, the market for algae protein is segregated into Freshwater and Marine. In terms of application, the global Algae Protein market is divided into Dietary Supplements, Food Products, Animal Feed, Pharmaceuticals, Cosmetics & Personal Care, and Others.
Some of the essential players operating in the global Algae Protein market, but not restricted to include
- Far East Bio-Tec Co. Ltd.
- NOW Foods
- Vimergy LLC
- Cyanotech Corporation
- Prairie Naturals
- ENERGYbits Inc.
- Earthrise Nutritional
- Rainbow Light
- E.I.D. Parry Limited
- Corbion
The taxonomy of the Algae Protein industry by its scope and segmentation is as follows:
Product Segmentation Analysis
- Spirulina
- Chlorella
- Seaweeds
- Others
Source Segmentation Analysis
- Freshwater
- Marine
Application Segmentation Analysis
- Dietary Supplements
- Food Products
- Bakery
- Dairy
- Meat Substitute
- Beverages
- Others
- Animal Feed
- Cosmetics & Personal Care
- Pharmaceuticals
- Others
Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- Far East Bio-Tec Co. Ltd.
- NOW Foods
- Vimergy LLC
- Cyanotech Corporation
- Prairie Naturals
- ENERGYbits Inc.
- Earthrise Nutritional
- Rainbow Light
- E.I.D. Parry Limited
- Corbion
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