Global Algae Proteins Market Analysis Report 2023: Market to Reach $1.5 Billion by 2030 - Spirulina and Chlorella Account for Majority of the Market

Global Algae Proteins Market Analysis Report 2023: Market to Reach $1.5 Billion by 2030 - Spirulina and Chlorella Account for Majority of the Market



Dublin, May 08, 2023 (GLOBE NEWSWIRE) -- The "Algae Proteins: Global Strategic Business Report" report has been added to *'s* offering.

*Global Algae Proteins Market to Reach $1.5 Billion by 2030*

The global market for Algae Proteins estimated at US$882.1 Million in the year 2022, is projected to reach a revised size of US$1.5 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2022-2030.

Spirulina, one of the segments analyzed in the report, is projected to record a 7.3% CAGR and reach US$880.3 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Chlorella segment is readjusted to a revised 6.3% CAGR for the next 8-year period.

*The U.S. Market is Estimated at $235.1 Million, While China is Forecast to Grow at 9% CAGR*

The Algae Proteins market in the U.S. is estimated at US$235.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$251.3 Million by the year 2030 trailing a CAGR of 9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 6.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$152.1 Million by the year 2030.

*What`s New for 2023?*

· Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
· Global competitiveness and key competitor percentage market shares
· Market presence across multiple geographies - Strong/Active/Niche/Trivial
· Online interactive peer-to-peer collaborative bespoke updates
· Access to digital archives and Research Platform
· Complimentary updates for one year

*Key Attributes:*

*Report Attribute* *Details*
No. of Pages 510
Forecast Period 2022 - 2030
Estimated Market Value (USD) in 2022 $882.1 Million
Forecasted Market Value (USD) by 2030 $1500 Million
Compound Annual Growth Rate 6.9%
Regions Covered Global


· Influencer Market Insights
· World Market Trajectories
· Impact of Covid-19 and a Looming Global Recession
· Health Foods Buck the Trend of Reducing Consumer Spends Across a Multitude of Categories
· An Introduction to Algae Protein
· Estimated Protein Content in Select Food Sources (in % of Dry Matter)
· Health Benefits of Algal Proteins
· Increasing Attention on Plant-derived Proteins
· Algae as a Sustainable Alternative
· Algae: Showing Potential for Food Applications
· Overwhelming Demand for Alternative Protein Sources Makes Algal Proteins to Enjoy Center Stage Presence: An Outlook
· Growth Drivers of Algae Proteins
· Challenges
· Product Types of Algae Protein: Spirulina and Chlorella Account for Majority of the Market
· Sources of Algae Protein
· Analysis by Application: Dietary Supplements Account for the Largest Share
· Regional Analysis: Europe and North America Lead the Algae Protein Market
· Competitive Scenario: Exciting Algae-Oriented Developments
· Recent Market Activity
· Product of Select Leading Companies in Algae Protein Market
· Algae Proteins - Global Key Competitors Percentage Market Share in 2022 (E)
· Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)


· Changing Protein Consumption Worldwide
· Food Needs of Expanding Global Population Improve Market Prospects
· Algae Proteins in Dietary Supplements
· Growing Image of Algae as a Smarter Source of Protein Bodes Well
· Algae Proteins Gain Traction in Food Products
· Food Companies Taking Notice of Algae for Future Food Applications
· Algae in Animal Feed Applications
· Algaculture Trends Favor Growth
· Seaweed Production Grows
· Rising Production of Microalgae
· New Algal Protein Based Food Products Augurs Well
· Consumer Focus on Natural Ingredients & Clean Label

*FOCUS ON SELECT PLAYERS **(Total 96 Featured)*

· Allmicroalgae - Natural Products S.A.
· Corbion N.V.
· Cyanotech Corporation
· Duplaco B.V.
· Earthrise Nutritionals LLC
· ENERGYbits Inc.
· Far East Bio-Tec. Co., Ltd.
· Heliae Development, LLC
· NP Nutra
· Parry Nutraceuticals Limited
· Phycom B.V.
· Roquette Klotze GmbH & Co. KG
· Seagrass Tech Private Limited

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· Global Market for Algae Proteins

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