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Global Algae and Seaweed Protein Market

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    Report

  • 128 Pages
  • May 2023
  • Region: Global
  • BCC Research
  • ID: 5819611
Description Jump to:

The report provides estimates and forecasts of the worldwide algae and seaweed protein market, with a detailed analysis of specific regions, countries and manufacturers.

In this report, the global market by type is segmented into microalgae and seaweed/macroalgae. The market is also segmented by application, including food and beverages, animal feed and dietary supplements.

The current market size and future estimates are provided in terms of value (U.S. $ millions), using 2022 as a base year, with a forecast provided for the period of 2023 to 2028.

The report also discusses the major players in each regional market. The report concludes with a focus on the competitive landscape and includes profiles of the major vendors.

Report Includes

  • 81 data tables and 30 additional tables
  • An overview and up-to-date analysis of the global algae and seaweed protein market
  • Analyses of the global market trends, with market revenue data (sales figures) for 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
  • Estimation of actual market size and revenue forecast for global algae and seaweed protein market, and corresponding market share analysis based on the type, application, and region
  • Country specific data analysis and market growth forecasts for the U.S., Canada, Mexico, Brazil, China, India, Japan, Italy, Germany, France, the U.K., South Africa, and Saudi Arabia etc.
  • Discussion of the market growth drivers, opportunities and restraints, technology updates, and key regulations affecting the market for algae and seaweed protein as a basis for projecting demand in the next few years (2023-2028)
  • A comparative study and SWOT analysis of the global algae and seaweed protein market, which could further assist stakeholders in formulating appropriate strategies
  • Analysis of market opportunities and trends with a holistic review of the Porter’s five forces analysis and value chain analysis considering both micro and macro environmental factors prevailing in the marketplace
  • Review of the patent filings and patent publications for innovations in algae and seaweed protein market
  • Insight into the recent industry structure, competitive aspects of each product segment, increasing investment on R&D activities, market development strategies, and company value share analysis
  • Identification of major stakeholders and analysis of the company competitive landscape based on their recent developments, financial performance, segmental revenues, and operational integration
  • Company profiles of the leading global players, including Algenuity Ltd., Arizona Algae Products LLC, Corbion N.V., DIC Corp., E.I.D. Parry (India) Ltd., Earthrise Nutritionals LLC, Nutrex Hawaii, Seaweed & Co., and Tianjin Norland Biotech Co., Ltd.

Table of Contents

Chapter 1 Introduction
  • Study Goals and Objectives
  • Reasons for Doing the Study
  • Scope of Report
  • Intended Audience
  • Information Sources
  • Research Methodology
  • Geographic Breakdown
  • Analyst's Credentials
  • Custom Research
  • Related Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Industry Overview
  • Market Outlook
  • Industry Overview
  • Regulatory Landscape
  • Supply Chain Analysis
  • Raw Materials Procurement
  • Algae and Seaweed Protein Manufacturing
  • Sales and Distribution
  • End-users
  • Algae and Seaweed Protein Production Process
  • Strain Selection
  • Algae Cultivation
  • Drying of Algal Biomass
  • Cell Disruption
  • Protein Separation
Chapter 4 Esg Perspective
  • Importance of Esg in the Alternative Protein Industry
  • Esg Pillars in Algae and Seaweed Protein Industry
  • Esg Ratings and Metrics: Understanding the Data
  • Esg Practices in the Algae and Seaweed Protein Industry
Chapter 5 Market Dynamics
  • Porter's Five Forces Analysis of the Market for Algae and Seaweed Proteins
  • Bargaining Power of Suppliers: Low
  • Bargaining Power of Buyers: Low
  • Threat of Substitutes: High
  • Threat of New Entrants: Moderate
  • Intensity of Competition: High
  • Market Growth Drivers
  • Growing Market for Alternative Proteins
  • Growing Animal Feed Industry
  • Increasing Demand for Dietary Supplements
  • Market Restraints
  • Higher Market Penetration of Animal-Based Protein
  • Allergic Reactions to Algae Protein
  • Market Opportunities
  • Growing Interest in Veganism
  • Swot Analysis
  • Strengths
  • Weaknesses
  • Opportunities
  • Threats
Chapter 6 Market Breakdown by Type
  • Introduction
  • Microalgae
  • Spirulina
  • Chlorella
  • Others
  • Seaweed/Macroalgae
Chapter 7 Market Breakdown by Application
  • Introduction
  • Food and Beverages
  • Animal Feed
  • Dietary Supplements
  • Others
Chapter 8 Market Breakdown by Region
  • Global Market for Algae and Seaweed Proteins
  • North American Market for Algae and Seaweed Protein
  • United States
  • Canada
  • European Market for Algae and Seaweed Proteins
  • Germany
  • United Kingdom
  • France
  • Italy
  • Rest of Europe
  • Asia-Pacific Market for Algae and Seaweed Protein
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
  • Latin America Market for Algae and Seaweed Protein
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East and Africa Market for Algae and Seaweed Protein
  • South Africa
  • Saudi Arabia
  • Rest of the Middle East and Africa
Chapter 9 Patent Review
Chapter 10 Competitive Landscape
  • Market Share Analysis
  • Strategic Developments by Companies in the Market
Chapter 11 Company Profiles
  • Algenuity
  • Algenol Biotech LLC
  • Allmicroalgae - Natural Products S.A.
  • Arizona Algae Products LLC
  • Ceres Biotech Co. Ltd.
  • Corbion Nv
  • Dic Corp.
  • E.I.D. Parry
  • Earthrise Nutritionals LLC
  • Far East Bio-Tec Co. Ltd.
  • Nutrex Hawaii
  • Seaweed & Co.
  • Sun Chlorella Corp.
  • Tianjin Norland Biotech Co. Ltd.
  • Triton Algae Innovations Ltd.
  • Yunnan Green a Biological Project Co. Ltd.
Chapter 12 Appendix: Abbreviations
List of Tables
Summary Table: Global Market for Algae and Seaweed Protein, by Region, Through 2028
Table 1: Key Regulations, by Region/Country
Table 2: Comparison of Environmental Permitting in European Countries
Table 3: Implementing Legislation, Implementing Agencies and Permit Types in Macroalgal Production
Table 4: Traditional Pre-Treatment Cell Disruption Techniques and Protein Extraction Techniques for Seaweed
Table 5: ESG Ratings and Metrics: Global Algae and Seaweed Protein Market
Table 6: Analysis of ESG Carbon Footprint Issues
Table 7: Analysis of ESG Waste Reduction Issues
Table 8: ESG Rankings for Companies in the Algae and Seaweed Protein Market, for 2023
Table 9: Alternative Protein Investments
Table 10: Global Market for Algae and Seaweed Protein, by Type, Through 2028
Table 11: Global Market for Microalgae Protein, by Region, Through 2028
Table 12: Global Market for Microalgae Protein, by Type, Through 2028
Table 13: Uses of Chlorella in Functional Foods
Table 14: Global Market for Seaweed/Macroalgae Protein, by Region, Through 2028
Table 15: Global Market for Algae and Seaweed Protein, by Application, Through 2028
Table 16: Macroalgae and Microalgae Products in Food Markets
Table 17: Global Market for Algae and Seaweed Protein for Food and Beverage Applications, by Region, Through 2028
Table 18: Global Market for Algae and Seaweed Protein for Animal Feed Applications, by Region, Through 2028
Table 19: Global Market for Algae and Seaweed Protein for Dietary Supplements, by Region, Through 2028
Table 20: Global Market for Algae and Seaweed Protein, by Region, Through 2028
Table 21: North American Market for Algae and Seaweed Protein, by Country, Through 2028
Table 22: North American Market for Algae and Seaweed Protein, by Type, Through 2028
Table 23: North American Market for Algae and Seaweed Protein, by Microalgae Type, Through 2028
Table 24: North American Market for Algae and Seaweed Protein, by Application, Through 2028
Table 25: U.S. Market for Algae and Seaweed Protein, by Type, Through 2028
Table 26: U.S. Market for Algae and Seaweed Protein, by Microalgae Type, Through 2028
Table 27: U.S. Market for Algae and Seaweed Protein, by Application, Through 2028
Table 28: Canadian Market for Algae and Seaweed Protein, by Type, Through 2028
Table 29: Canadian Market for Algae and Seaweed Protein, by Microalgae Type, Through 2028
Table 30: Canadian Market for Algae and Seaweed Protein, by Application, Through 2028
Table 31: European Market for Algae and Seaweed Protein, by Country, Through 2028
Table 32: European Market for Algae and Seaweed Protein, by Type, Through 2028
Table 33: European Market for Algae and Seaweed Protein, by Microalgae Type, Through 2028
Table 34: European Market for Algae and Seaweed Protein, by Application, Through 2028
Table 35: German Market for Algae and Seaweed Protein, by Type, Through 2028
Table 36: German Market for Algae and Seaweed Protein, by Microalgae Type, Through 2028
Table 37: German Market for Algae and Seaweed Protein, by Application, Through 2028
Table 38: U.K. Market for Algae and Seaweed Protein, by Type, Through 2028
Table 39: U.K. Market for Algae and Seaweed Protein, by Microalgae Type, Through 2028
Table 40: U.K. Market for Algae and Seaweed Protein, by Application, Through 2028
Table 41: French Market for Algae and Seaweed Protein, by Type, Through 2028
Table 42: French Market for Algae and Seaweed Protein, by Microalgae Type, Through 2028
Table 43: French Market for Algae and Seaweed Protein, by Application, Through 2028
Table 44: Italian Market for Algae and Seaweed Protein, by Type, Through 2028
Table 45: Italian Market for Algae and Seaweed Protein, by Microalgae Type, Through 2028
Table 46: Italian Market for Algae and Seaweed Protein, by Application, Through 2028
Table 47: Rest of the European Market Algae and Seaweed Protein, by Type, Through 2028
Table 48: Rest of the European Market for Algae and Seaweed Protein, by Microalgae Type, Through 2028
Table 49: Rest of the European Market for Algae and Seaweed Protein, by Application, Through 2028
Table 50: Asia-Pacific Market for Algae and Seaweed Protein, by Country, Through 2028
Table 51: Asia-Pacific Market for Algae and Seaweed Protein, by Type, Through 2028
Table 52: Asia-Pacific Market for Algae and Seaweed Protein, by Microalgae Type, Through 2028
Table 53: Asia-Pacific Market for Algae and Seaweed Protein, by Application, Through 2028
Table 54: Chinese Market for Algae and Seaweed Protein, by Type, Through 2028
Table 55: Chinese Market for Algae and Seaweed Protein, by Microalgae Type, Through 2028
Table 56: Chinese Market for Algae and Seaweed Protein, by Application, Through 2028
Table 57: Japanese Market for Algae and Seaweed Protein, by Type, Through 2028
Table 58: Japanese Market for Algae and Seaweed Protein, by Microalgae Type, Through 2028
Table 59: Japanese Market for Algae and Seaweed Protein, by Application, Through 2028
Table 60: Indian Market for Algae and Seaweed Protein, by Type, Through 2028
Table 61: Indian Market for Algae and Seaweed Protein, by Microalgae Type, Through 2028
Table 62: Indian Market for Algae and Seaweed Protein, by Application, Through 2028
Table 63: Rest of Asia-Pacific Market for Algae and Seaweed Protein, by Type, Through 2028
Table 64: Rest of Asia-Pacific Market for Algae and Seaweed Protein, by Microalgae Type, Through 2028
Table 65: Rest of Asia-Pacific Market for Algae and Seaweed Protein, by Application, Through 2028
Table 66: Latin American Market for Algae and Seaweed Protein, by Country, Through 2028
Table 67: Latin American Market for Algae and Seaweed Protein, by Type, Through 2028
Table 68: Latin American Market for Algae and Seaweed Protein, by Microalgae Type, Through 2028
Table 69: Latin American Market for Algae and Seaweed Protein, by Application, Through 2028
Table 70: Brazilian Market for Algae and Seaweed Protein, by Type, Through 2028
Table 71: Brazilian Market for Algae and Seaweed Protein, by Microalgae Type, Through 2028
Table 72: Brazilian Market for Algae and Seaweed Protein, by Application, Through 2028
Table 73: Mexican Market for Algae and Seaweed Protein, by Type, Through 2028
Table 74: Mexican Market for Algae and Seaweed Protein, by Microalgae Type, Through 2028
Table 75: Mexican Market for Algae and Seaweed Protein, by Application, Through 2028
Table 76: Rest of Latin American Market for Algae and Seaweed Protein, by Type, Through 2028
Table 77: Rest of Latin American Market for Algae and Seaweed Protein, by Microalgae Type, Through 2028
Table 78: Rest of Latin American Market for Algae and Seaweed Protein, by Application, Through 2028
Table 79: MEA Market for Algae and Seaweed Protein, by Country, Through 2028
Table 80: MEA Market for Algae and Seaweed Protein, by Type, Through 2028
Table 81: MEA Market for Algae and Seaweed Protein, by Microalgae Type, Through 2028
Table 82: MEA Market for Algae and Seaweed Protein, by Application, Through 2028
Table 83: South African Market for Algae and Seaweed Protein, by Type, Through 2028
Table 84: South African Market for Algae and Seaweed Protein, by Microalgae Type, Through 2028
Table 85: South African Market for Algae and Seaweed Protein, by Application, Through 2028
Table 86: Saudi Arabian Market for Algae and Seaweed Protein, by Type, Through 2028
Table 87: Saudi Arabian Market for Algae and Seaweed Protein, by Microalgae Type, Through 2028
Table 88: Saudi Arabian Market for Algae and Seaweed Protein, by Application, Through 2028
Table 89: Rest of the MEA Market for Algae and Seaweed Protein, by Type, Through 2028
Table 90: Rest of the MEA Market for Algae and Seaweed Protein, by Microalgae Type, Through 2028
Table 91: Rest of the MEA Market for Algae and Seaweed Protein, by Application, Through 2028
Table 92: Patents on Algae and Seaweed Proteins, 2020-2023
Table 93: Strategic Developments, Global Algae and Seaweed Protein Market, 2019-2022
Table 94: Algenuity: Product Portfolio
Table 95: Algenol Biotech LLC: Product Portfolio
Table 96: Allmicroalgae - Natural Products S.A.: Product Portfolio
Table 97: Arizona Algae Products LLC: Product Portfolio
Table 98: Ceres Biotech Co., Ltd.: Product Portfolio
Table 99: Corbion N.V.: Product Portfolio
Table 100: DIC Corp.: Product Portfolio
Table 101: E.I.D. Parry (India) Ltd.: Product Portfolio
Table 102: Earthrise Nutritionals LLC: Product Portfolio
Table 103: Far East Bio-Tec Co., Ltd.: Product Portfolio
Table 104: Nutrex Hawaii: Product Portfolio
Table 105: Seaweed & Co.: Product Portfolio
Table 106: Sun Chlorella Corp.: Product Portfolio
Table 107: Tianjin Norland Biotech Co., Ltd.: Product Portfolio
Table 108: Triton Algae Innovations Ltd.: Product Portfolio
Table 109: Yunnan Green A Biological Project Co., Ltd.: Product Portfolio
Table 110: Abbreviations Used in this Report

List of Figures
Summary Figure: Global Market for Algae and Seaweed Protein, by Region, 2022-2028
Figure A: Research Methodology for Global Algae and Seaweed Protein Market
Figure 1: Supply Chain of Algae and Seaweed Protein Market
Figure 2: Algae and Seaweed Protein Manufacturing
Figure 3: Production Process of Algae and Seaweed Protein
Figure 4: Global Meat Production, by Volume, 2018-2021
Figure 5: Global Demand for Animal Feed, by Ingredient, 2018-2020 and 2030
Figure 6: Global Animal Feed Production Volume, by Top Producing Countries, 2019 and 2020
Figure 7: Projected Sales of Online Vitamins and Supplements in the U.S., 2019-2027
Figure 8: SWOT Analysis of the Global Algae and Seaweed Protein Market
Figure 9: Global Market Shares of Algae and Seaweed Protein, by Type, 2022
Figure 10: Global Market Shares of Microalgae Protein, by Region, 2022
Figure 11: Global Market Shares of Microalgae Protein, by Type, 2022
Figure 12: Global Market Shares of Seaweed/Macroalgae Protein, by Region, 2022
Figure 13: Global Market Shares of Algae and Seaweed Protein, by Application, 2022
Figure 14: Global Market Shares of Algae and Seaweed Protein Share for Food and Beverage Applications, by Region, 2022
Figure 15: Global Market Shares of Algae and Seaweed Protein for Animal Feed Applications, by Region, 2022
Figure 16: Global Market Shares of Algae and Seaweed Protein for Dietary Supplements, by Region, 2022
Figure 17: Global Market Shares of Algae and Seaweed Protein, by Region, 2022
Figure 18: North American Market Shares of Algae and Seaweed Protein, by Country, 2022
Figure 19: European Market Shares of Algae and Seaweed Protein, by Country, 2022
Figure 20: Asia-Pacific Market Shares of Algae and Seaweed Protein, by Country, 2022
Figure 21: Latin American Market Shares of Algae and Seaweed Protein, by Country, 2022
Figure 22: MEA Market Shares of Algae and Seaweed Protein, by Country, 2022
Figure 23: Share of Patents Published on Algae and Seaweed Proteins, by Type, 2018-2023
Figure 24: Number of Patents Published on Algae and Seaweed Proteins, 2018-2022
Figure 25: Share of Patents Granted on Algae and Seaweed Proteins, by Country, 2018-2022
Figure 26: Market Share Analysis, 2022
Figure 27: Corbion N.V.: Net Revenue, 2021 and 2022
Figure 28: DIC Corp.: Net Revenue, 2021 and 2022
Figure 29: E.I.D. Parry (India) Ltd.: Net Revenue, 2021 and 2022

Executive Summary

The global market for algae and seaweed protein was valued at $904.7 million in 2022 and is expected to reach $1.3 billion by the end of 2028, at a CAGR of 6.8% from 2023 to 2028. The Asia-Pacific region accounts for the largest share of the global market, while the North American market is projected to show the highest CAGR, at 7.7%, during the forecast period.

The global market is segmented into microalgae and seaweed/macroalgae. In 2022, the microalgae segment accounted for 88.1% of the global market, and is expected to have a CAGR of 7.0% during the forecast period.

By application, the global market is segmented into food and beverages, dietary supplements, animal feed and other segments. In 2022, the food and beverage segment accounted for the largest share of the market. The dietary supplements segment is projected to have the highest CAGR during the forecast period, at 7.8%.

Demand for algae and seaweed protein will increase over the forecast period due to factors such as the growing number of vegans, higher product use in food and beverage applications, and growing consumer awareness of the benefits of a healthy lifestyle. The main factors driving the expansion of the algal protein market are the rising demand for naturally produced foods and health supplements, an increase in the number of health-conscious customers, and the continuing increase in the world population. The COVID-19 epidemic has had only a minor impact on the market for algal protein. Growing consumer demand for dietary supplements made from algae, particularly those made from spirulina, fueled industry expansion throughout the pandemic.

Countries Covered

  • Algenuity
  • Algenol Biotech LLC
  • Allmicroalgae - Natural Products S.A.
  • Arizona Algae Products LLC
  • Ceres Biotech Co. Ltd.
  • Corbion Nv
  • Dic Corp.
  • E.I.D. Parry
  • Earthrise Nutritionals LLC
  • Far East Bio-Tec Co. Ltd.
  • Nutrex Hawaii
  • Seaweed & Co.
  • Sun Chlorella Corp.
  • Tianjin Norland Biotech Co. Ltd.
  • Triton Algae Innovations Ltd.
  • Yunnan Green a Biological Project Co. Ltd.

Table Information

Report AttributeDetails
No. of Pages128
PublishedMay 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 962.8 Million
Forecasted Market Value ( USD ) by 2028 $ 1338.4 Million
Compound Annual Growth Rate6.8%
Regions CoveredGlobal

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