Global Algae Protein Market Size to Surpass USD 1268.43 million at a CAGR of 5.30% Growth by 2032

Zion Market Research has published a new report titled Algae Protein Market BY Product (Spirulina, Chlorella, and Others), By Source (Freshwater and Marine), By Application (Dietary Supplements, Food Products, Animal Feed, and Others), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 - 2032” According to the report, the Algae Protein market accounted for USD 796.91 Million in 2023 and is expected to reach USD 1268.43 Million by 2032, growing at a CAGR of around 5.30% between 2024 and 2032.

Browse the full “Algae Protein Market BY Product (Spirulina, Chlorella, and Others), By Source (Freshwater and Marine), By Application (Dietary Supplements, Food Products, Animal Feed, and Others), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 - 2032” Report at https://www.zionmarketresearch.com/report/algae-protein-market

Microalgae have established the potential to meet the population's need for a more sustainable food supply, specifically when it caters to the demand for protein. These promising protein sources present several advantages over other currently used raw materials from an environmental point of view. Additionally, one of the main characteristics of microalgae is the production of bioactive compounds with potential benefits for human health. 

Microalgae exploitation as a source of protein (bulk protein) and other valuable products within the food industry still presents some drawbacks, mainly because of the underdeveloped technologies and processes currently available for microalgae processing. The systematic improvement of the technology readiness level (TRL) could help change the current situation if applied to microalgae cultivation and processing. High maturity in microalgae cultivation and processing technologies also requires improvement of the economy of scale and investment of resources in new facilities and research. Antioxidative, antihypertensive, immunomodulatory, anti-cancerous, hepato-protective, and anticoagulant activities have been attributed to some microalgae-derived compounds such as peptides.

Based on the product, the algae protein market has been classified into spirulina, chlorella, and others. Chlorella segment is anticipated to gain traction over the forecast period. Chlorella contains the protein contents, the quality and the quantity of the proteins is very high and rich than the soy plants and yeas. It has been analyzed that the protein constants of the several genera’s of the cyanobacteria, the protein contents are very rich and they are about 20-30 percent higher than the other plants. Algae are also the very rich sources of the fibers. Some of the species of the chlorella contain the rich amount of the vitamins, and they can be used as the full sources of the vitamin supplements. Spirulina contains the one-third amounts of the Beta carotenes; the quality of the carotenes is also very similar to the carotene of the carrots and the other angiosperm origin. The Spirulina genus is the rich source of several kinds of vitamins E, thiamine, cobalamin, biotin, inositol. Several microalgae produce the tocopherols in the great amounts.

In terms of application, the algae protein market is divided into dietary supplements, food products, animal feed, and others. The food products segment is expected to show remarkable growth over the next years. Microalgae consist of approximately 30% lipids making them very interesting as food supplementary. In this sense, microalgae are a source of long-chain polyunsaturated fatty acids (LCPUFAs) especially of the omega-6 family such as γ-linolenic acid (GLA) and arachidonic acid (AA), and omega-3 family eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). 

The amount of food currently produced must double to meet the needs of the expected population. The existence of a significantly increasing protein demand was reported years ago. Nowadays, approximately one billion people have inadequate protein intake; furthermore, conventional sources of protein are predicted to be insufficient. Plant-based proteins account for the majority of protein intake worldwide used for food and feed. In Europe, animal-based proteins are consumed in greater quantity than plant-based proteins; however, concerns about health and environmental issues as well as animal welfare could give a boost to plant-based sources.

Some key players in operating in the algae protein market are Vimergy LLC, Prairie Naturals, NOW Foods, Rainbow Light, ENERGYbits Inc., E.I.D. - Parry Limited, Far East Bio-Tec Co., Ltd., Earthrise Nutritional, Cyanotech Corporation, and Corbion among others.  

This report segments the global cannabis concentrates market as follows:

Global Algae Protein Market: Product Segment Analysis

• Spirulina
• Chlorella
• Others

Global Algae Protein Market: Source Segment Analysis

• Freshwater
• Marine

Global Algae Protein Market: Application Segment Analysis

• Dietary Supplements
• Food Products
• Animal Feed
• Others

Global Algae Protein Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

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