Algae Protein Market – Industry Trends and Forecast to 2026

Algae Protein Market By Product Form (Powder, Liquid Forms), Product Source (Marine, Fresh Water Algae), Product Type (Spirulina, Chlorella, Other Algae), Application (Food and Beverages, Nutritional and Dietary Supplements, Animal Feed, Cosmetics & Personal Care Products), Distribution Channel (Direct, Indirect Sales), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)– Industry Trends and Forecast to 2026

Market Analysis: Algae Protein Market

algae protein market is set to witness a substantial CAGR of 7.25% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising demand for protein and increasing urbanization are the factor for the growth of this market.

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Algae Protein Market Size, Status and Forecast 2026

• Algae Protein Market Overview
• Algae Protein Market Manufacturers Profiles
• Algae Protein Market Sales, Revenue, Market Share and Competition by Manufacturer
• Algae Protein Market Analysis by Regions
• Algae Protein Market by Countries
• Algae Protein Market Segment by Type
• Algae Protein Market Segment by Application
• Algae Protein Market Forecast
• Sales Channel, Distributors, Traders and Dealers
• Research Findings and Conclusion
• Appendixes

Market Definition: Algae Protein Market

Algae proteins are usually derived from algae with the help of enzymatic or solvent processes. They are usually extracted from algae that are grown in fresh waters and marines. These algae protein have high content of protein due to which they are used as an alternative for plant protein. They are very beneficial as they have the ability to improve immune system, decrease fatigue, decrease allergies and inflammation and others. They are widely used in applications such as food and beverages, dietary supplements, cosmetic and personal care and others.

Market Drivers:

• Rising awareness among population about the health benefits of algae proteins is driving the market
• Increasing urbanization and economic developments worldwide will also propel the market growth
• High demand of algae products from nutraceuticals and pharmaceutical industries will also act as a driver for this market
• Rising ageing population is another factor contributing as a factor for the growth of this market

Market Restraints:

• High cost of the algae protein will restrain the market growth
• Availability of cheap substitute in the market will also hamper the market growth

Segmentation: Algae Protein Market

By Product Form

• Powder
• Liquid Forms

By Product Source

• Marine
• Fresh Water Algae

By Product Type

• Spirulina
• Chlorella
• Other Algae

By Application

• Food and Beverages
• Nutritional and Dietary Supplements
• Animal Feed
• Cosmetics & Personal Care Products

By Distribution Channel

• Direct Sales
• Indirect Sales
• Wholesaler
• Trader
• Retailer

By Geography

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• Sweden
• Poland
• Denmark
• Italy
• U.K.
• France
• Spain
• Netherlands
• Belgium
• Switzerland
• Turkey
• Russia
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• South Korea
• New Zealand
• Vietnam
• Australia
• Singapore
• Malaysia
• Thailand
• Indonesia
• Philippines
• Rest of Asia-Pacific
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East and Africa
• UAE
• Saudi Arabia
• Oman
• Qatar
• Kuwait
• South Africa
• Rest of Middle East and Africa

Key Developments in the Market:

• In May 2019, Solabia Group announced that they have acquired Algatech Ltd. This acquisition will help both the companies to expand their production capability and meet the rising demand for the microalgae. This will strengthen their position in the market and will also increase their customer base worldwide
• In October 2017, Corbion NV announced that they have acquired TerraVia Holdings so that they can expand their company in the field of production of specialty lipids and protein. The new products and technologies of the TerraVia will help the company to expand their business in personal care as well as industrial applications

Competitive Analysis:

algae protein market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of algae protein market for, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the algae 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 others.

Research Methodology: Algae Protein Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please or can drop down your enquiry.

The key research methodology used by team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

• Competitive analysis of key competitors involved in the market
• Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
• Market drivers and restraints analysis along with the analysis of the market structure

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