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Asia-Pacific Algae Protein Ingredients Market - Growth, Trends and Forecasts (2020 - 2025)

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  • 85 Pages
  • April 2020
  • Region: Asia Pacific
  • Mordor Intelligence
  • ID: 5012297
Asia-Pacific algae protein ingredients market is projected to grow at a CAGR of 6.2% during the forecast period.

The growing demand for vegan protein consumption is one of the major drivers supporting the growth of the algae protein market in the region.

Various health benefits pertaining to the consumption of algae protein is another major driver for this market. It is a good source of vitamins, minerals, chlorophyll, carbohydrates and protein as its major. Researchers have also found that algae have anti-cancer benefits and helps reducing body fat along with providing energy.

Key Market Trends

Dietary Supplement Remained the largest Revenue Generating Segment

The dietary supplements market in the region is predominantly driven by a paradigm shift toward preventive health management practices, amid rising healthcare costs and the increasing burden of lifestyle diseases. Increasing consumer awareness, regarding proper weight management and muscular strength improvement, is likely to fuel the demand for dietary supplement products, which, in turn, will increase the demand for chlorella ingredients.

China Drives the Regional Market

Algae protein market in China is likely to showcase favorable growth prospects in the future, on the account of increasing awareness about health and wellness among the urban population and disposable income of the country. Pharmaceutical drugs with algae ingredients like omega 3 and protein in it is in high demand in this region, resulting in manufacturers to incorporate higher concentrations of algal protein in their final products. Moreover, owing to the highest production and export accounted by China in the region, the country held excessive power to regulate product prices.

Competitive Landscape

Asia-Pacific algae protein ingredients market is highly fragmented owing to the presence of numerous players in the market. The market studied is primarily dominated by Chinese players owing to high ingredient production in the country. Key players are focusing on acquisitions and mergers, in order to expand their geographical reach and increase their customer base.

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Table of Contents

1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Degree of Competition
5.1 Application
5.1.1 Dietary Supplements
5.1.2 Food and Beverages
5.1.3 Animal Feed
5.1.4 Others
5.2 Geopgraphy
5.2.1 China
5.2.2 Japan
5.2.3 India
5.2.4 Australia
5.2.5 Rest of Asia-Pacific
6.1 Most Active Companies
6.2 Key Strategies Adopted
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Corbion NV
6.4.2 Cyanotech Corporation
6.4.3 Insect Technology Group Holdings UK Ltd.
6.4.4 Dumoco Co. Ltd.
6.4.5 Hunan Sunfull Bio-tech Co., Ltd.
6.4.6 Kingherbs Limited

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Corbion NV
  • Cyanotech Corporation
  • Insect Technology Group Holdings UK Ltd.
  • Dumoco Co. Ltd.
  • Hunan Sunfull Bio-tech Co., Ltd.
  • Kingherbs Limited