Algae Protein Market By Type (Spirulina, Chlorella, Seaweed, and Others), By Sources (Freshwater and Marine), By Application (Dietary Supplements, Food Products, Animal Feed, and Others), Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2019-2026

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The global algae protein market is estimated to reach $1613.79 million by 2026; growing at a CAGR of 9.3% till 2026.
  • Market Definition

    The global algae protein market is estimated to reach $1613.79 million by 2026; growing at a CAGR of 9.3% till 2026.

    Algae protein is a protein that is extracted from algae by the method of extraction, drying, and purification from seawater algae. Further, algae are aquatic organisms that can conduct photosynthesis. Photosynthesis is a process that produces oxygen. Algae appear in blue-green or green color that contains a very high level of protein. Globally, an increase in consumption of protein intake among consumers and a surge in the growth of vegetarian and vegan population which leads to a surge in demand for algae protein.

    Growth Factors

    The surge in demand for high protein content food among consumers, positive response on the immune system post-consumption of algae proteins, and it contributes as a quality nutrient in food products are the factors responsible for the rising growth of the algae protein market. Moreover, the production of algae protein is an expensive method and allergic reactions associated with consumption might hamper the global algae protein market growth. However, rising issues regarding the quality of meat and the paradigm shift of the consumer towards the plant-based protein would provide lucrative opportunities for the market in the coming years.

    Market Segmentation

    The global algae protein market is mainly classified based on type, sources, and application. Type is further segmented into spirulina, chlorella, seaweed, and others. By sources, the market is classified into freshwater and marine. By application, the market is further categorized into dietary supplements, food products, animal feed, and others.

    Based on segmentation, application segment has witnessed a stagnant growth in the algae protein market. Among the application, dietary supplements have captured by almost half of the market globally. This has been constituted owing to the wide expanse of nutraceutical industries in major regions of APAC that strongly involve China, India, Japan, and among others. Due to the high demand for the nutritional supplements from these sub-regions of APAC the application segment is predicted to dominate the algae protein market full-fledged over the forecast period.

    Regional Analysis

    Based on geography, the global algae protein market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is categorized into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

    By geography, North America dominated the market with a major shareholding and is predicted to continue its lead until the forecast time frame. The pole position hold is due to several factors such as dietary supplements and food products that have a serious impact on the market coupled with major applications that attribute to the robust growth of the region.

    On the other hand, Europe allied with North America is also witnessing strong growth in the past and will continue to make its noteworthy footprints owing to the widespread marine aquaculture in countries such as Ireland, Norway, and Denmark. A surge in the aquaculture industry is expected to create demand for the product in the coming years in Europe.

    Competitive Players

    Key players operating in the algae protein industry include Cyanotech Corporation, Far East Bio-Tec Co.Ltd., Heliae Development LLC, Nutrex Hawaii Inc., Corbion Biotech, Inc., Earthrise Nutritional, E.I.D. – Parry Limited, ENERGYbits Inc., Rainbow Light, NOW Foods, Prairie Naturals, and Vimergy LLC among others.

    Among the wide range of product pipelines from Cyanotech Corporation, one of the products includes ‘Hawaiian Spirulina’. Spirulina is one of the oldest forms present on the earth that occurs from the cyanobacteria. In addition, Spirulina possesses several health benefits that include major support and benefits for cardiovascular health, eyes & brains, overall cellular health, and others.

    Moreover, in February 2017- Earthrise Nutritionals join hands with the leading trade associations of the dietary supplements and functional food industry, ‘Council for Responsible Nutrition’ (CRN). This accredited body was formed in the late ’70s in Washington D.C. that includes an enormous range of dietary supplements and food manufacturers, companies providing services to those manufacturers, raw material suppliers, and among others. Furthermore, CRN produces a large number of dietary supplements that are marketed in the U.S. and at the global site.

    Algae Protein Market Key Segments:

    By Type

    • Spirulina
    • Chlorella
    • Seaweed
    • Others

    By Sources

    • Freshwater
    • Marine

    By Application

    • Dietary Supplements
    • Food Products
    • Animal Feed
    • Others

    By Geography

    • North America
      • The U.S.
      • Canada
      • Mexico
    • Europe
      • U.K
      • Germany
      • France
      • Italy
      • Rest of Europe
    • Asia Pacific
      • India
      • China
      • Japan
      • South Korea
      • Rest of Asia Pacific
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Middle East & Africa
      • GCC Countries
      • Egypt
      • South Africa
      • Rest of Middle East & Africa
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  • Table of Content

    1. Market Introduction
    1.1. Executive Summary
    1.2. Market Definition
    1.3. Market Scope

    2. Research Methodology
    2.1. Primary Research
    2.2. Research Methodology
    2.3. Assumptions & Exclusions
    2.4. Secondary data sources

    3. Algae Protein Market Overview
    3.1. Report Segmentation & Scope
    3.2. Key Market Trend
    3.3. Drivers
    3.3.1. Surge in demand for high protein content food among consumers
    3.3.2. Positive response on the immune system post-consumption of algae proteins
    3.3.3. Contributes as a quality nutrient in food products
    3.4. Restraints
    3.4.1. Production of algae protein is an expensive method
    3.4.2. Allergic reactions associated on consumption
    3.5. Opportunities
    3.5.1. Rising issues regarding quality of meat
    3.5.2. Paradigm shift of the consumer towards the plant-based protein
    3.6. Porter’s Five Forces Analysis
    3.6.1. Porter’s Five Forces Analysis
    3.7. Market Share Analysis

    4. Type Overview
    4.1. Introduction
    4.1.1. Market Size & Forecast
    4.2. Spirulina
    4.2.1. Market Size & Forecast
    4.3. Chlorella
    4.3.1. Market Size & Forecast
    4.4. Seaweed
    4.4.1. Market Size & Forecast
    4.5. Others
    4.5.1. Market Size & Forecast

    5. Sources Overview
    5.1. Introduction
    5.1.1. Market Size & Forecast
    5.2. Freshwater
    5.2.1. Market Size & Forecast
    5.3. Marine
    5.3.1. Market Size & Forecast

    6. Application Overview
    6.1. Introduction
    6.1.1. Market Size & Forecast
    6.2. Dietary Supplements
    6.2.1. Market Size & Forecast
    6.3. Food Products
    6.3.1. Market Size & Forecast
    6.4. Animal Feed
    6.4.1. Market Size & Forecast
    6.5. Others
    6.5.1. Market Size & Forecast
    7. Algae Protein Market Regional Overview

    7.1. Introduction
    7.1.1. Market Size & Forecast
    7.2. North America Algae Protein Market
    7.2.1. North America Market Size & Forecast, By Country
    7.2.2. North America Market Size & Forecast, By Type
    7.2.3. North America Market Size & Forecast, By Sources
    7.2.4. North America Market Size & Forecast, By Application
    7.2.5. U.S.
    7.2.5.1. Market Size and Forecast
    7.2.6. Canada
    7.2.6.1. Market Size and Forecast
    7.2.7. Mexico
    7.2.7.1. Market Size and Forecast
    7.3. Europe Algae Protein Market
    7.3.1. Europe Market Size & Forecast, By Country
    7.3.2. Europe Market Size & Forecast, By Type
    7.3.3. Europe Market Size & Forecast, By Sources
    7.3.4. Europe Market Size & Forecast, By Application
    7.3.5. Germany
    7.3.5.1. Market Size and Forecast
    7.3.6. France
    7.3.6.1. Market Size and Forecast
    7.3.7. UK
    7.3.7.1. Market Size and Forecast
    7.3.8. Italy
    7.3.8.1. Market Size and Forecast
    7.3.9. Spain
    7.3.9.1. Market Size and Forecast
    7.3.10. Rest of Europe
    7.3.10.1. Market Size and Forecast
    7.4. Asia-Pacific Algae Protein Market
    7.4.1. Asia-Pacific Market Size & Forecast, By Country
    7.4.2. Asia-Pacific Market Size & Forecast, By Type
    7.4.3. Asia-Pacific Market Size & Forecast, By Sources
    7.4.4. Asia-Pacific Market Size & Forecast, By Application
    7.4.5. Japan
    7.4.5.1. Market Size and Forecast
    7.4.6. China
    7.4.6.1. Market Size and Forecast
    7.4.7. Australia
    7.4.7.1. Market Size and Forecast
    7.4.8. India
    7.4.8.1. Market Size and Forecast
    7.4.9. South Korea
    7.4.9.1. Market Size and Forecast
    7.4.10. Rest of Asia-Pacific
    7.4.10.1. Market Size and Forecast
    7.5. South America Algae Protein Market
    7.5.1. South America Market Size & Forecast, By Country
    7.5.2. South America Market Size & Forecast, By Type
    7.5.3. South America Market Size & Forecast, By Sources
    7.5.4. South America Market Size & Forecast, By Application
    7.5.5. Brazil
    7.5.5.1. Market Size and Forecast
    7.5.6. Argentina
    7.5.6.1. Market Size and Forecast
    7.5.7. Rest of South America
    7.5.7.1. Market Size and Forecast
    7.6. Middle East & Africa Algae Protein Market
    7.6.1. Middle East & Africa Market Size & Forecast, By Country
    7.6.2. Middle East & Africa Market Size & Forecast, By Type
    7.6.3. Middle East & Africa Market Size & Forecast, By Sources
    7.6.4. Middle East & Africa Market Size & Forecast, By Application
    7.6.5. GCC Countries
    7.6.5.1. Market Size and Forecast
    7.6.6. Egypt
    7.6.6.1. Market Size and Forecast
    7.6.7. South Africa
    7.6.7.1. Market Size and Forecast
    7.6.8. Rest of Middle East & Africa
    7.6.8.1. Market Size and Forecast

    8. Company Profile
    8.1. Cyanotech Corporation
    8.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
    8.1.2. Cyanotech Corporation Product Category, Application, and Specification
    8.1.3. Cyanotech Corporation Financial Performance (2016-2018)
    8.1.4. Main Business/Business Overview
    8.2. Far East Bio-Tec Co.Ltd.
    8.3. Heliae Development LLC
    8.4. Nutrex Hawaii Inc.
    8.5. Corbion Biotech, Inc
    8.6. Earthrise Nutritional
    8.7. E.I.D. – Parry Limited
    8.8. ENERGYbits Inc.
    8.9. Rainbow Light
    8.10. NOW Foods
    8.11. Prairie Naturals
    8.12. Vimergy LLC

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  • Key Global Algae Protein Industry Players

    • Cyanotech Corporation
    • Far East Bio-Tec Co.Ltd.
    • Heliae Development LLC
    • Nutrex Hawaii Inc.
    • Corbion Biotech, Inc.
    • Earthrise Nutritional
    • I.D. – Parry Limited
    • ENERGYbits Inc.
    • Rainbow Light
    • NOW Foods
    • Prairie Naturals
    • Vimergy LLC
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What Report Provides

  • Full in-depth analysis of the parent Industry
  • Important changes in market and its dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional growth potential

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