Global Algal Protein Market Size, by Type, By Region, Trend Analysis, Competitive Market Share & Forecast, 2016-2026

Global Algal Protein Market to witness a surge in its valuation with a CAGR by 2027

According to the publisher, Global Algal Protein Market is estimated to be USD by 2027 from USD in 2017, at a CAGR of from 2021 to 2027. Algae protein is used for endorsing weight loss, falling fatigue & anxiety, and in case of diabetes, attention deficit-hyperactivity disorder (ADHD), and premenstrual heart diseases among other health issues. Enrichment of the nutrient content in food, positive effects on the immune system, and other health-related benefits of the product are pouring the market worldwide. Moreover, increasing sustainability issues such as an increase in greenhouse gases and loss of biodiversity during the making of meat have resulted in a shift in customer preferences toward plant-based and other alternative sources. Increasing awareness among consumers regarding algae proteins such as spirulina for its health benefits is a major factor motivating the global algal protein market. Algal protein as a natural ancillary for animal proteins such as whey protein and gelatin are fascinating the target group, which is allergic to whey protein and vegetarian.

“Food and Beverages dominates the Application Segment”

Based on the application, the algae protein market is divided into dietary supplements, food & beverage, animal feed, cosmetics, and others. Food and beverage are fragmented as protein drinks, breakfast cereals, bakery & confectionery, snacks, and others. Protein deficiency in animal feed is increasing due to reduced land size, fertility, and addiction to the existing land caused by development in per capita people. Global market growth is credited to its utilization of algae as a substitute for cattle feed.

Growth Drivers

Inclination towards a vegan diet

Algae protein market request is seeing a huge increase, due to its high nutritious value, increasing vegan population, and exploding demand for plant-based protein food products. Moreover, rising sustainability issues over the amplified greenhouse releases throughout meat and poultry production have also diverted customer consideration towards plant-based elements.

Algae protein's goal to deliver improved muscle health, increase resistant system with increased power. Health drinks with chlorella constituents are gaining traction as substitutes to soft drinks owing to its uplifting taste and wide nutrient welfares. Besides, with rising consciousness about the various health welfares of vegan diets, the number of people accepting vegan lifestyles is growing through the sphere.

Awareness related to health benefits

Increasing consciousness among customers concerning algae proteins such as spirulina for its health welfares is a significant factor motivating the global algal protein market. Algal protein as a natural alternative for animal proteins such as whey protein and gelatin are allure the target group, which is allergic to whey protein and vegetarian. Algae protein goal to deliver enhanced muscle health, boost resistant system with increased strength. Health drinks with chlorella ingredients are gaining traction as alternatives to soft drinks due to its uplifting taste and wide nutrient welfares.

“Asia Pacific dominates the Global Algal Protein Market”

Europe is vital in global algae protein with the maximum market value share due to high ingesting health-conscious products and growing research and growth activities concerning the algae. Whereas North America is also displaying a significant value share in the global algae protein market, and the main motive is the rising ingesting of plant-based protein diets. However, developing economic regions such as South and East Asia are further screening the high growth in the global algae protein market due to growing spending on a diversity of food products.

Global Algal Protein Market: Competitive Landscape

Some of the leading players operating in the Global Algal Protein Market are TerraVia, Cyanotech Corporation, Far East Bio-Tec Co., Ltd., Earthrise Nutritional, Roquette Frères, Heliae Development, LLC, Allmicroalgae, ENERGYbits Inc., Corbion Biotech, Inc., Thermo Fisher Scientific Inc., Corbion., Ocean Drop, Pond Tech, Algama, BIOPROCESS ALGAE, LLC, Univar BV., Algatech LTD, and other prominent players.

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The in-depth analysis of the report provides the growth potential, upcoming trends, and statistics of the Global Algal Protein Market size & forecast. The report promises to provide state-of-the-art technology of the Global Algal Protein Market and industry insights, which help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the market drivers, challenges, and competitive analysis of the market.


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