Africa Algae Protein Market - Growth, Trends, and Forecast (2020 - 2025)

The Africa Algae Protein Market is anticipated to register a CAGR of 6.10% during the forecast period (2020 - 2025).

• The Africa Algae Protein Market is anticipated to register a CAGR of 6.10% during the forecast period (2020-2025).due to the increasing number of health-conscious consumers, and constant growth in population, are some of the major drivers for the Africa algae protein market.
• Algae-based ingredients consist of essential fatty acids that have a broad range of health benefits, including cardiovascular, eye and brain health, for which it is widely used in the various end-user applications, like dietary supplements, infant nutrition, functional food and beverages, and pharmaceutical and clinical nutrition. These properties of algae are propelling the boost of the market.

Key Market Trends

Chlorella Holds A Prominent Share

Various health benefits of consuming chlorella are another major driver for this market. It is a good source of fiber, fats, chlorophyll, protein, carbohydrates, vitamins, and minerals. Moreover, it is a nutrient-dense superfood that contains 60% protein, 18 amino acids (including all the essential amino acids), and various vitamins and minerals. One of its unique properties is a phytonutrient called CGF.

The expanding global vegan population is one of the primary growth drivers of the chlorella ingredients market. Algae-based ingredients like chlorella are rich in protein and may offer health and wellness attributes to food products. For example, they may boost plant protein levels in cheese crackers or smoothies, or they may improve the nutritional profile of an ice cream product. Microalgae like chlorella have emerged as a promising sustainable alternative protein source.

South Africa Dominates The Market

Changing consumer lifestyles and rising healthcare expenditure are playing a vital role in the growth of the plant protein market in the country. Moreover, the flourishing growth of the retail sector is escalating the growth of the market. The concerns over clean labels, ease of digestion, the need for avoiding allergy-causing substances, and sustainability among the public are adding the demand for algae proteins, in the country. Algae ingredients in sports nutrition constitute the major share in the market, followed by animal feed. Manufacturers are constantly embracing open innovation to gain cost-leadership and fixed suppliers in the early development stage.

Competitive Landscape

Africa Algae Protein market is a fragmented market. Unique cultivation methods and upcoming innovative applications are expected to help the market growth in the years to come. The competition in this market is expected to intensify further, in the coming years, due to increased industrialization leading to product extensions, technological innovations, and the high-quality of the products manufactured.

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