Global Algae Proteins Market Analysis Report 2023: Market to Reach $1.5 Billion by 2030 - Spirulina and Chlorella Account for Majority of the Market
Global Market for Algae Proteins
Dublin, May 08, 2023 (GLOBE NEWSWIRE) -- The "Algae Proteins: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Algae Proteins Market to Reach $1.5 Billion by 2030
The global market for Algae Proteins estimated at US$882.1 Million in the year 2022, is projected to reach a revised size of US$1.5 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2022-2030.
Spirulina, one of the segments analyzed in the report, is projected to record a 7.3% CAGR and reach US$880.3 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Chlorella segment is readjusted to a revised 6.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $235.1 Million, While China is Forecast to Grow at 9% CAGR
The Algae Proteins market in the U.S. is estimated at US$235.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$251.3 Million by the year 2030 trailing a CAGR of 9% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 6.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$152.1 Million by the year 2030.
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
No. of Pages
2022 - 2030
Estimated Market Value (USD) in 2022
Forecasted Market Value (USD) by 2030
Compound Annual Growth Rate
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Health Foods Buck the Trend of Reducing Consumer Spends Across a Multitude of Categories
An Introduction to Algae Protein
Estimated Protein Content in Select Food Sources (in % of Dry Matter)
Health Benefits of Algal Proteins
Increasing Attention on Plant-derived Proteins
Algae as a Sustainable Alternative
Algae: Showing Potential for Food Applications
Overwhelming Demand for Alternative Protein Sources Makes Algal Proteins to Enjoy Center Stage Presence: An Outlook
Growth Drivers of Algae Proteins
Product Types of Algae Protein: Spirulina and Chlorella Account for Majority of the Market
Sources of Algae Protein
Analysis by Application: Dietary Supplements Account for the Largest Share
Regional Analysis: Europe and North America Lead the Algae Protein Market
Competitive Scenario: Exciting Algae-Oriented Developments
Recent Market Activity
Product of Select Leading Companies in Algae Protein Market
Algae Proteins - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
MARKET TRENDS & DRIVERS
Changing Protein Consumption Worldwide
Food Needs of Expanding Global Population Improve Market Prospects
Algae Proteins in Dietary Supplements
Growing Image of Algae as a Smarter Source of Protein Bodes Well
Algae Proteins Gain Traction in Food Products
Food Companies Taking Notice of Algae for Future Food Applications
Algae in Animal Feed Applications
Algaculture Trends Favor Growth
Seaweed Production Grows
Rising Production of Microalgae
New Algal Protein Based Food Products Augurs Well
Consumer Focus on Natural Ingredients & Clean Label
FOCUS ON SELECT PLAYERS (Total 96 Featured)
Allmicroalgae - Natural Products S.A.
Earthrise Nutritionals LLC
Far East Bio-Tec. Co., Ltd.
Heliae Development, LLC
Parry Nutraceuticals Limited
Roquette Klotze GmbH & Co. KG
Seagrass Tech Private Limited
For more information about this report visit https://www.researchandmarkets.com/r/k9tnnb
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