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

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

*MARKET OVERVIEW*

· 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)

*MARKET TRENDS & DRIVERS*

· 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

For more information about this report visit https://www.researchandmarkets.com/r/k9tnnb

*About ResearchAndMarkets.com*
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

*Attachment*

· Global Market for Algae Proteins

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